PayU moves to connect businesses to N200bn online payment market

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Jun 052017
 

PayU (www.PayU.com.ng) has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016.

Country Manager of PayU Nigeria, Ms Juliet Nwanguma, says, “In order to pursue PayU’s aggressive expansion in the online payment market in Nigeria, we have identified businesses that can benefit from our global expertise across 16 markets where we offer over 250 payment options.”

With over 2.3 billion users world-wide, PayU is confident it can help businesses grow their market share and help them to achieve their business objectives.

Data recently released by the Nigeria Interbank Settlement System (NIBSS) showed that 5.5 million transactions worth N46.7 billion were generated through online sales in the first quarter of 2017. This is an increase in the quarterly average of 3.5 million transactions worth N33 billion in 2016. This 58% growth is a clear indication of the increased confidence and preference for online sales amongst Nigerians.

The double digit growth, according to Nwanguma, is far below the potential of the market for online payments in Nigeria.

Nwanguma noted that in a country of over 180 million people, consisting of 61 million active bank customers and where e-payment transactions are worth N56 trillion in a year, the potential for online payments in Nigeria is huge and waiting to be tapped.

She disclosed that the mission of PayU is to leverage on Nigeria’s 97 million active internet users to popularise and increase online payments in Nigeria.

“At PayU, we believe that with the deployment of appropriate strategies and products which are designed to encourage more businesses to adopt online payment, the market in Nigeria can record triple digit growth in both volume and value of online payments. This is the driving philosophy of PayU’s operations in Nigeria” she said.

Since last year when we entered the Nigerian market, we have used our globally tested products such as tokenisation, recurring payments for subscription services and single click payments for faster checkout. Our range of services according to different business categories especially the PayU Easy service allows start-ups to start selling online instantly without the need of a bank account or trading history. ”

“PayU has succeeded in successfully assisting small, medium and large organisations with their online payments. In particular, the robust and flexible features of PayU Plus and PayU Enterprise have assisted merchants to grow and expand their online payment business.”

PayU offers merchants safe, secure, online shopping. Their products are PCI DSS Level 1 compliant which mean they are required to meet extremely stringent security criteria. All card details are secured by secure socket layer (SSL) and transfer layer security (TLS) encryption and reinforced through various encryption processes in order to provide protection for all payment information. They also are 3D secure enabled which gives consumers added security when shopping online.

The increased preference for online payments among Nigerians offers new opportunity for businesses to increase patronage and grow revenue.

The global expertise of PayU, combined with its easy-to-use and secure online products provide the channel to leverage on this opportunity and achieve business objectives.

Distributed by APO on behalf of PayU.

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Source:: PayU moves to connect businesses to N200bn online payment market

Number of Displaced Libyans Declining: UN Migration Agency

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Jun 052017
 

Continuing a trend that started in late 2016, the number of Libyans displaced throughout the country has been steadily declining, as people return to areas from where they were displaced, particularly in the regions of Benghazi and Sirt.

The UN Migration Agency (IOM) has identified 256,615 internally displaced persons (IDPs), 227,866 returnees and 351,382 migrants in Libya.

These new findings are a result of IOM’s latest Displacement Tracking Matrix (DTM) in Libya. The full reports can be found here: Migrant and IDP information packages. The information packages present data gathered on IDPs, returnees and migrants in March 2017 through interviews with 1,021 key informants. The informants include representatives of baladiya (municipality) offices, local crisis committees, and others in the community with knowledge about IDPs, returnees and migrants in their communities.

The report shows that IDPs were mainly displaced from Benghazi, Sirt, Misrata, Ubari and Alkufra. Twenty-four per cent were displaced in 2016, 45 per cent in 2015 and the remaining 31 percent between 2011 and 2014.

Eighty-seven per cent of IDPs were accommodated in private shelter settings and the remaining 13 per cent were residing in informal settings, public buildings, schools, unfinished buildings or other forms of public shelter.

In addition to reporting on IDP and returnee shelter settings, the report also provided a general overview on the status of health, education, security, nutrition, livelihoods and access to market in each baladiya.

The main nationalities of migrants identified were Nigerian, Egyptian, Sudanese, Chadian, Malian and Nigerien.

Of the migrants identified, 35 per cent had been in the country for at least 12 months; 33 per cent had been present for between 6 months and a year, and the remaining 32 per cent had been in the country for less than six months.

The Migrant Report also summarizes findings from 686 interviews that IOM staff conducted directly with migrants across nine different regions in the country.

Seventy-one per cent of the 686 migrants surveyed began their migratory journey from one of the countries bordering Libya (Egypt, Sudan, Niger, Algeria and Tunisia) and the remaining 29 per cent departed from other countries in Africa, mainly from Nigeria, Mali, Burkina-Faso, Senegal and Ghana. Nearly 70 per cent of respondents paid less than USD 1,000 for their journey.

On average, the migrants interviewed were 29 years old and 70 per cent had been unemployed in their countries prior to departing. The main sectors of work for those employed before they left were agriculture, raising livestock, the fishing and food industry, followed by construction, water supply, electricity and gas sectors, and retail, sales and manufacturing trades.

Libya’s Displacement Tracking Matrix collects data on mobile populations in Libya to facilitate evidence-based humanitarian and policy interventions. All reports, methodologies and datasets are available at:
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Source:: Number of Displaced Libyans Declining: UN Migration Agency

The AU Chairperson begins Sahel Regional tour in support of G5 Sahel Security Agreement

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Jun 052017
 

The chairperson of the African Union (AU) Commission Moussa Faki Mahamat arrived in Niamey, Niger, on June 3 2017 as he embarked on five-nation tour in the Sahel Saharan region until 10 June 2017 to reaffirm the African Union’s commitment and solidarity with the region in its fight against terrorism and criminal networks in order to create a safe and secure environment and contribute to the stabilization of the situation in the Sahel region, as well as its long term development.

The AU Commission Chairperson, who is accompanied by the Commissioner for Peace and Security Ambassador Smail Chergui and the Commissioner for Political Affairs Ambassador Minata Samate Cessouma, will continue to Chad, Mauritania, Mali and Burkina Faso – also known as the G5 Sahel states – in support of the region’s cooperation agreement to address security issues along common borders due to the interlinked effects of terrorism and transnational organized criminal networks and inter communal conflict in the region.

The daunting security and political challenges in Libya and the resurgence of terrorist attacks, especially along the northern Mali border has created one of the most worrying threats to regional peace and security and Chairperson Faki is in the region to thank the regional leaders for taking the initiative to create an African framework of operational military support.

Distributed by APO on behalf of African Union Peace and Security Department.

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Source:: The AU Chairperson begins Sahel Regional tour in support of G5 Sahel Security Agreement

European Union supports combating Climate Change in Sudan

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Jun 052017
 

On June 5, 2017, we celebrate the World Environment Day. The environment is essential in every aspect of life. The air, water, soil, food we need for survival, all depend on the environment.

On this occasion, the Delegation of the European Union to Sudan announced € 8.5 million for projects addressing climate change in Sudan. The projects are financed by the EU Global Climate Change Alliance+ (GCCA+).

The objective of these projects is to improve the ability of Sudanese communities to respond to the challenges posed by climate change. This will be achieved through the protection and better management of farmlands, forests and rangeland. These projects will take place in areas of serious environmental degradation affecting people, agriculture, livestock, forestry and ecosystems. The projects involve the construction of adequate water facilities to improve water availability; rehabilitation of community forests and rangelands; and plantation of shelter belts around farmlands to stabilize movement of sand dunes and stop land erosion. The projects will also promote the use of renewable energy by introducing solar energy water pumps for irrigation and fuel –efficient stoves or biogas for efficient cooking thus reducing the demand for firewood.

Specifically, the new EU funded projects will focus on rural communities living in the remote areas of North Darfur, Kassala, River Nile and Northern States. They will be implemented by the Netherlands Red Cross in partnership with the Spanish, Danish, and Swedish Red Cross and the Sudanese Red Crescent in River Nile, Kassala and Northern States. COOPI in partnership with the Sudanese Environment Conservation Society will be the implementers in North Darfur.

An important component of the projects is the engagement of local authorities and institutions, such as the Ministry of Environment and Physical Development. These actors will play a fundamental role in the dialogue with the local communities to better cope with climate change. The projects will therefore provide training to local authorities in natural resources management and support them in preparing environmental management plans. Specific studies and research related to climate change will also be conducted.

“The World Environment Day is an opportunity for the European Union.”, stated Ambassador Jean-Michel Dumond, Head of Delegation of the European Union to Sudan. “We remain committed to sustainable Development Goals, and together with the African Union we will work on the 2016 Paris Agreement to endure. In Sudan, it means in particular addressing the needs of people affected by climate change. The EU will continue to lead through ambitious climate policies.”

Distributed by APO on behalf of Delegation of the European Union to Sudan.

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Source:: European Union supports combating Climate Change in Sudan