Technology
Nokwary Technologies Wins 2020 Ecobank Fintech Challenge

By Dipo Olowookere
The 2020 edition of the Ecobank Fintech Challenge has been clinched by Ghanaian firm, Nokwary Technologies, after impressing the judges the most from the 10 finalists picked for the event.
With the win, the company, after being inducted into the Ecobank Fintech Fellowship programme to explore commercial partnerships with the pan-African banking giant, will get the $10,000 cash prize.
Nokwary is a fintech that uses artificial intelligence (AI) to promote financial inclusion. Its AI-Powered banking solution offers an opportunity for users to carry out transactions in a language to which they are familiar with using popular social media channels like WhatsApp.
At the event live-streamed from Ghana, Ukheshe Payment Solutions and Growth Factor Technologies were the first and second runners-up respectively and received $7,000 and $5,000 apiece for the efforts.
Ukheshe, a South African firm, provides a bridge between the card and the cash economy. It has created the world’s first card acceptance platform that allows unbanked merchants/traders to accept and make digital payments.
For Growth Factor, a company based in Ghana, it provides trade financing solutions designed for Micro-Small/Medium Entities (MSMEs) in order to encourage financial inclusion and growth. Its Nvoicia solution solves cash flow issues caused by delayed payments for SMEs, by enabling them to get paid in 24hrs when dealing with credit clients.
Commenting on the event, the Group CEO of Ecobank, Mr Ade Ayeyemi, congratulated the winners for their innovation and welcomed all the 2020 fellows.
He said, “The quality of the products and pitches we saw in the final this year was amazing. Clearly, it is evident that banking in Africa is moving onto a new dimension with these Fintechs leading the way; that is why we are so proud to have had them in this year’s competition and are excited to engage further with them over the next year.
“It is our expectation that we will build a few lasting partnerships which will help improve the lives of Africans all over the continent.”
On his part, the CEO and co-founder of Nokwary Technologies, Mr Dennis Asamoah Owusu, expressed his excitement for the victory, saying, “I was beyond excited.
“Our company is rather young and to be recognized like this on such a stage was really exciting as well as a validation for our focus on creating inclusive technology right from the start.
“It is also very encouraging to note that a major bank like Ecobank places such a premium on inclusion and is willing to back and promote innovative and cutting-edge technologies towards that purpose.
“We are looking to work together with Ecobank to bring an AI-first digital banking platform over WhatsApp, as well as other innovative solutions to Ecobank’s customers.”
This year’s finalists made it through an extremely competitive pool of over 600 applicants across Africa, Europe, North America and Asia.
All 10 finalists have officially been inducted into the Ecobank Fintech Fellowship, a one-year program which will give them the opportunity to explore opportunities for commercial partnerships with the Ecobank Group and to possibly launch and scale products across the lender’s 33-country markets in the continent.
Technology
NCC Laments 1,100 Fibre Cable Cut Incidents Weekly

By Adedapo Adesanya
The Nigerian Communications Commission (NCC) has raised alarm over the increasing damage to telecommunications infrastructure nationwide, revealing that Nigeria currently records an average of 1,100 fibre cut incidents weekly.
The Executive Vice-Chairman of the NCC, Dr Aminu Maida, said during a Critical National Information Infrastructure (CNII) and Sustainability Conference in Lagos on Thursday that the commission also recorded 545 cases of access denial and 99 cases of theft on a weekly basis.
The event was organised by the Nigeria Information Technology Reporters Association (NITRA) in collaboration with the Association of Licensed Telecom Operators of Nigeria (ALTON) themed Critical National ICT Infrastructure and Industry Sustainability, Way Forward.
Mr Maida, who was represented by Mr Edoyemi Ogoh, Director, Technical Standards and Network Integrity Department, NCC, said that these incidents threatened service delivery, operational stability, and national security.
“These are not just numbers. They reflect a national emergency. Every fibre cut, every theft, and every case of sabotage contributes to dropped calls, failed transactions, interrupted emergency services and economic losses.
He added that the damages had become a major barrier to sustaining the country’s digital economy, which relied heavily on resilient telecom infrastructure.
“We are ensuring Nigerians understand that damage to telecom infrastructure affects not just big companies, but ordinary people who depend on mobile services, ATMs, hospitals and security alerts,” Mr Maida said.
He added that collaboration with the Office of the National Security Adviser (ONSA) was key to aligning telecom infrastructure protection with the nation’s broader security architecture.
The NCC boss further identified access denial to base station sites as a growing challenge, noting that in many cases, operators were prevented from conducting essential maintenance and operations, thereby prolonging network outages.
He noted that the situation was further compounded by Right-of-Way (RoW) bottlenecks, complex and delayed permit processes, and the rising cost of operations due to heavy reliance on diesel-powered generators, stating, “The security situation in parts of the country also poses a real barrier to safe and timely maintenance of telecom sites.”
Technology
Truecaller’s Monthly Active Users in Africa, Middle East Hit 100 million

By Aduragbemi Omiyale
A significant milestone has been reached by the leading global platform for verifying contacts and blocking unwanted communications, Truecaller, as its monthly active users in the Middle East and Africa (MEA) region have surpassed 100 million.
A statement from the organisation disclosed that the figures were 19 per cent more than its active monthly users in August 2024.
It was also stated that numbers are from its users who downloaded the Trucaller app on their Android and iOS devices.
Some of the largest markets in the MEA region for Truecaller are Egypt, Nigeria, South Africa, Kenya, Algeria, Ghana, and Jordan.
Typically, Truecaller is used on 20-45 per cent of connected smartphones in these markets, reflecting its massive adoption for blocking unwanted communications.
Commenting on the this development, the chief executive of Trucaller, Mr Rishit Jhunjhunwala, said, “With the Middle East and Africa experiencing significant growth in smartphone adoption and mobile data adoption, we’re really happy that we’re able to solve communication problems for individuals and businesses in that region.
“MEA, like India and many other markets, are mobile first markets with your mobile number being the primary identifier and Truecaller has always grown organically in such markets.
“We’re continuing to strengthen our organization and our partnerships in the region, because we believe that the MEA is poised for significant growth for many years ahead.”
Trucaller, which has its headquarters in Sweden, was listed on the Nasdaq Stockholm in 2021, and has over 450 million active users, with more than a billion downloads since launch and close to 56 billion unwanted calls identified and blocked in 2024 alone.
Technology
Telcos Warn of Possible Service Disruption Over Diesel Supply Crisis

By Adedapo Adesanya
The Association of Licensed Telecommunications Operators of Nigeria (ALTON), which acts as the umbrella body for all mobile network operators, tower companies, and telecommunications infrastructure providers in Nigeria, has raised concerns over the ongoing disruptions to the supply of diesel to telecoms cell sites across the country.
In a statement released on Thursday by ALTON and signed by its Chairman, Mr Gbenga Adebayo, the telcos called for uninterrupted access to be granted to the diesel supply locations, and urged all parties involved to embrace constructive dialogue to resolve any matter, without further disruption to essential services.
According to the operators, such disruptions could cause base stations to shut down, thereby leading to poor telecoms service delivery and possible collapse of the entire telecoms sector.
“Telcos are deeply concerned about ongoing disruptions to the supply logistics of diesel to cell sites across the country,” the statement said.
ALTON said members of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) and the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), on Tuesday, blocked access to diesel loading depots in Kaduna, Lagos, and Koko (Delta State), preventing the distribution of diesel to thousands of telecommunications sites operated by one of its key members, IHS Towers.
“This action, reportedly stemming from allegations by IHS of diesel misappropriation against two member companies of NOGASA and which is being investigated by the requisite authorities, has resulted in a critical threat to the operation of some of the 16,000 telecommunications sites nationwide, servicing Mobile Network Operators (MNOs).
“These sites not only power mobile and internet services for millions of Nigerians, but also support essential services such as banking transactions, hospital communications, emergency response systems, and national security operations.”
“While ALTON does not necessarily interfere in disputes between its members and third parties, we are gravely concerned about the wider implications of this action on national infrastructure and public safety.
“We recognise and deeply respect the vital role NOGASA and NUPENG have played in sustaining Nigeria’s energy supply chain and supporting national development over the years, and we trust that they will continue to uphold these values by ensuring that their actions do not jeopardize critical national infrastructure or public welfare,” it added.
The body then requested that uninterrupted access be granted to the diesel supply locations, and urged all parties involved to embrace constructive dialogue to resolve the matter, without further disruption to essential services.
They also reminded all stakeholders that telecommunications infrastructure had been officially classified as Critical National Information Infrastructure (CNII) under Nigerian law, insisting that any deliberate disruption or blockade that affects the operation of such infrastructure constitutes a serious threat to national security and economic stability and will attract strict legal consequences.
ALTON also called on the leadership of NUPENG and NOGASA, to intervene by calling their members to order, adding that disputes must be resolved within the framework of lawful contracts and applicable legal processes, without resorting to actions that endanger the operations of an entire industry and the lives and livelihoods that depend on it.
“We also call on relevant authorities, including the Office of the National Security Adviser (ONSA), the Nigerian Communications Commission (NCC), and other critical stakeholders, to urgently intervene to forestall a looming nationwide communications blackout.
“ALTON remains fully committed to ensuring quality, reliable, and resilient telecommunications services for all Nigerians. However, disruptions of this nature undermine our members’ ability to maintain and improve service delivery and threaten the integrity of the country’s digital and communications ecosystem,” the statement further said.
-
Feature/OPED6 years ago
Davos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology5 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN