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Salah Goss to Head Kenya’s MasterCard Labs for Financial Inclusion

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By Dipo Olowookere

Financial expert, Ms Salah Goss, has been appointed by MasterCard as Head of the MasterCard Labs for Financial Inclusion in Nairobi, Kenya.

MasterCard Labs for Financial Inclusion is one of a global series of MasterCard Innovation Hubs, the firm’s first lab focused on financial inclusion.

The Lab opened its doors in 2015 and is part of a partnership with the Bill and Melinda Gates Foundation.

The Kenyan-based technology hub is committed to empowering 100 million Africans previously excluded from formal financial sector by 2020, through the use of public-private partnerships, and the innovation of locally relevant technology solutions that are underpinned by a deep understanding of the unique challenges and opportunities that exist in Africa.

A statement issued by MasterCard disclosed that Ms Goss brings extensive experience in financial inclusion specializing in mobile enabled solutions, agent banking and community-managed microfinance.

In her new role, the appointee will oversee the development of digital solutions that positively impact low income households in Africa, and other developing markets.

“The knowledge, expertise and experience that Salah brings to the Labs further strengthens our ability to deliver more inclusive growth and empower people, reinforcing our position at the forefront of financial inclusion,” said Mr Michael Elliott, the previous Head of the MasterCard Lab for Financial Inclusion, who has now taken up a global position as Senior Vice President, Financial Inclusion Portfolio, Products and Innovation (PI) at MasterCard.

“Bringing in a proven leader like Salah will help us continue to work with entrepreneurs from Africa and the developing world to create local products rooted in MasterCard’s global knowhow,” Mr Elliot added.

Commenting on her appointment, Ms Goss said, “The growing adoption of technology and the culture of innovation in Africa and other emerging markets has presented an opportunity to create smarter, safer and more convenient ways to do business, and to impact underserved communities.

“At MasterCard, we believe that it is only by taking a partnership approach that we’re able to generate ideas and address local challenges and opportunities relevant to underserved and unbanked populations, across industries – in agriculture, education, health, trade and entrepreneurship, energy, water and sanitation.”

Testament to this are mobile payment solutions coming out of the Labs, which are built for Kenyans, like Kionect and 2KUZE, and Kupaa, a new app being piloted in Ugandan schools.

“It is our mandate to work with partners across sectors: NGOs; development organizations; financial and academic institutions, technology companies; mobile network operators; governments; and start-ups, to develop locally relevant solutions that connect communities at the bottom of the economic pyramid to the full benefits of the global economy – by providing secure, convenient and quick payment solutions,” she said further.

Ms Goss has been with MasterCard for four years, and has extensive experience in the financial inclusion arena.

In her previous role as Vice President, Global Products and Solutions, she was focused on creating partnerships with the development community, NGOs and governments to design payments, data and financial solutions that fostered financial inclusion, and addressed wider economic development challenges.

Building on this understanding, Salah’s new role will see her driving the scale of innovative solutions across Africa and other emerging markets, in order to develop practical and cost-effective financial tools that expand access to vital services and help build stable futures for low-income communities.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Fortis Global Insurance Appoints Ufuoma Ibru, Umar Faruk to Board

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Fortis Global Insurance

By Aduragbemi Omiyale

The board of Fortis Global Insurance Plc has been strengthened with two new additions, with Mr Umar Faruk Umar appointed as an independent non-executive director and Mr Ufuoma Ibru as a non-executive director.

A statement signed by the company secretary, Ms Halima Jimada, disclosed that the appointments followed the approval of the National Insurance Commission (NAICOM), an agency that regulates the insurance sector in Nigeria.

The board expressed optimism that the new directors will bring their wealth of experience to bear in driving the growth and expansion of the business, and that the company will be further strengthened by their valuable contributions.

Mr Umar is an accomplished educationist, public servant and corporate director with over 40 years of professional experience, including over 30 years of board and corporate governance experience.

He holds a PhD in Educational Psychology from the University of Wisconsin, USA. He has also undertaken executive education and corporate governance programmes at Harvard University, Stanford University and INSEAD.

He has held senior positions in the public and private sectors and previously served on the boards of Ashaka Cement Plc, CCNN Plc and NAHCO Plc, where he chaired and served on various board committees, including Audit, Risk Management, Governance, Finance and Establishment.

He currently serves on the Boards of GTL Registrars Limited and the Nigerian Capital Market Development Fund. His extensive experience in corporate governance, risk management, finance and strategic oversight will bring significant value to the Board in his capacity as an independent non-executive director.

On his part, Mr Ibru is a legal practitioner and an experienced non-executive director with extensive professional and board experience in the hospitality, tourism and financial services sectors. He has served on the boards of Ikeja Hotel Plc, The Tourist Company of Nigeria Plc and Icon Stockbrokers Limited.

He holds a Bachelor of Law from the University of Oxford, and was called to the Nigerian Bar in 2003. He also holds a Bachelor of Engineering in Mechatronic Engineering from the University of London.

Mr Ibru has significant experience in corporate governance, strategic management, legal and regulatory matters, investment transactions and stakeholder engagement.

He brings to the board a strong combination of legal, commercial and corporate governance expertise, which will support the effective discharge of his responsibilities as a non-executive director.

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Heirs Life Appoints Pastor Jerry Eze to Board

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jerry eze

By Adedapo Adesanya

Heirs Life Assurance, a specialist life insurance company owned by Nigerian business mogul, Mr Tony Elumelu, has appointed Pastor Jerry Eze as an Independent Non-Executive Director on its Board, effective August 10, 2026.

The appointment reinforces Heirs Life Assurance’s commitment to expanding financial inclusion and accelerating insurance adoption by strengthening public trust, consumer education, and long-term financial resilience across Nigeria.

Nigeria, despite being Africa’s largest economy, continues to record insurance penetration of less than one per cent, ranking among the lowest globally and underscoring the need to deepen financial protection and strengthen public confidence in insurance. As Heirs Life advances its goal of making insurance more accessible to Nigerians, the appointment of the preacher is expected to bring valuable insight in community engagement, values-driven leadership and initiatives with wider social impact.

Pastor Jerry Eze is the Founder and Lead Pastor of Streams of Joy International Ministry, a growing multinational ministry with 34 branches across West Africa, Southern Africa, Europe and North America. He is also the convener of the New Season Prophetic Prayers and Declaration (NSPPD), one of the world’s largest digital prayer platforms, reaching millions of people daily. Through his ministry and humanitarian initiatives, he is regarded as one of Africa’s most influential voices, championing hope, compassion, and community transformation.

Beyond ministry, the clergyman is the Founder of the Jerry Eze Foundation, a faith-led philanthropy where he provides housing support and grants to vulnerable and underserved communities.

In 2026, he announced N1 billion in grants to support young entrepreneurs across agriculture, technology, and manufacturing, further advancing enterprise development and economic opportunity.

Before entering full-time ministry, Pastor Jerry Eze built a career in development communications, serving as a Communications Specialist on a World Bank HIV/AIDS programme and with the United Nations Population Fund (UNFPA). He holds a Bachelor’s degree in History and International Relations from Abia State University and a postgraduate degree in Business Administration from Enugu State University of Science and Technology.

Speaking about the appointment, Mr Elumelu, Chairman, Heirs Life Assurance, said, “Pastor Jerry brings an exceptional combination of integrity, influence, and a deep understanding of people and communities. As we continue our mission to democratise access to insurance, his insight will help strengthen consumer trust, deepen financial inclusion, and reinforce our commitment to protecting the financial future of millions of Nigerians. We are delighted to welcome him to the Board of Heirs Life Assurance and the broader family of Heirs Insurance Group.”

Commenting on his appointment, Pastor Jerry Eze said, “I am honoured to join the Board of Heirs Life Assurance at a defining moment for the insurance industry. Financial security empowers individuals, families, and businesses to pursue their aspirations with greater confidence and resilience. I look forward to working with the Board and Management to advance the company’s mission of making insurance more accessible, relevant, and impactful for every Nigerian.”

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AEDC Rewards 1,126 Employees After Performance Appraisal

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By Aduragbemi Omiyale

The conclusion of the 2025 Performance Appraisal Exercise of Abuja Electricity Distribution Company (AEDC) has resulted in the promotion and step increments of about 1,126 employees of the organisation.

The reward for performance involved the promotion of 547 employees and 579 step increments, reaffirming the company’s unwavering commitment to recognising excellence, rewarding performance and building one of Africa’s most admired workplaces.

AEDC disclosed that these actions reflect its deliberate investment in its people as the energy firm accelerates its transformation into a customer-centric, high-performing electricity distribution company with global standards and Pan-African aspirations.

The promotions and step increments, approved by the management, recognise employees who have demonstrated exceptional commitment, professionalism and outstanding performance in advancing AEDC’s strategic objectives.

However, employees who were not successful in the current appraisal cycle have been urged to remain committed, emphasising that the performance management process is designed to support continuous growth, capability development and future advancement opportunities.

“Our people remain our greatest asset and the foundation upon which AEDC’s future will be built. Today’s announcement is more than a reward for performance; it is a reaffirmation of our belief that excellence should always be recognised, talent should be nurtured and hard work should create opportunities for growth.

“As we continue our transformation journey, we are building an organisation where our employees can develop rewarding careers, realise their full potential and proudly contribute to creating one of Africa’s leading electricity distribution companies,” the chief executive of AEDC, Mr Chijioke Okwuokenye, stated.

He added that AEDC is intentionally creating a workplace where merit, continuous learning, innovation and collaboration drive career progression, while employee wellbeing remains central to its long-term strategy.

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