Ecobank launches Fintech Challenge competition for African start-ups

Ecobank (www.Ecobank.com), the leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start-ups and developers in any of Africa’s 54 countries to enter its 2018 Ecobank Fintech Challenge at http://EcobankFintech.com

10 Finalists will be selected to participate in an Awards and Innovation Fair at the global headquarters of Ecobank in Lomé, Togo in July 2018. Following a series of pitches from the finalists, a panel of judges will select the top three winners, who will receive cash prizes worth $10,000, $7,000, and $5,000 respectively.

All 10 finalists will also be conferred Ecobank Fintech Fellows and will qualify to explore opportunities to partner with Ecobank including:

  • Multi-national product roll-out: the most commercially viable start-ups can launch their products in Ecobank’s 33 markets across Africa
  • Service provider partner deals: start-ups with deep capabilities to become pan-African service partners within Ecobank’s ecosystem
  • Mentoring and networking support: founders will be conferred as Ecobank Innovation Fellows for a year, which grants them access to networking and mentoring from Ecobank’s vast global network of technology leaders, fintech experts, investors and management coaches.

Mr. Ade Ayeyemi, Group CEO, Ecobank Transnational Incorporated, reiterated Ecobank’s dedication to support innovations in banking and finance across the continent, stating, “We, at Ecobank, believe that the current winds of change led by technology and innovation will redefine how banks do business, and indeed the relationships people have with their money. We want to be at the forefront of this change, in partnership with Africa’s rising start-ups, and that is why we created the Ecobank Fintech Challenge”.

Mr. Eddy Ogbogu, Ecobank Group Executive for Operations and Technology said, “The maiden 2017 edition of the Challenge proved that Africa has an impressive army of highly capable fintech start-ups. Ecobank is looking forward to another successful competition.”

Ecobank Fintech Challenge was designed in partnership with the advisory firm Konfidants and is supported by several partners across Africa and globally. Applications for the competition will close on 20th May, 2018.

More information on the competition, benefits, and how to apply can be found on the competition’s website at http://EcobankFintech.com

You can also interact with us on social media via our Facebook page (www.Facebook.com/ecobankfintech) and twitter page (https://Twitter.com/ecobank_fintech)

Distributed by APO Group on behalf of Ecobank.

Media Contact
Sherelle Folkes
Sherelle@BrandCommsGroup.com
+44 (0) 20 7638 6856

About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’)
Incorporated in Lomé, Togo, in 1988 Ecobank Transnational Incorporated (‘ETI’) (www.Ecobank.com) the parent company of Ecobank is the leading independent pan-African banking group. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs over 17,500 people in 36 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.
Additional information on Ecobank can be found at www.Ecobank.com.

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Ecobank launches Fintech Challenge competition for African start-ups

Ecobank (www.Ecobank.com), the leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start-ups and developers in any of Africa’s 54 countries to enter its 2018 Ecobank Fintech Challenge at http://EcobankFintech.com

10 Finalists will be selected to participate in an Awards and Innovation Fair at the global headquarters of Ecobank in Lomé, Togo in July 2018. Following a series of pitches from the finalists, a panel of judges will select the top three winners, who will receive cash prizes worth $10,000, $7,000, and $5,000 respectively.

All 10 finalists will also be conferred Ecobank Fintech Fellows and will qualify to explore opportunities to partner with Ecobank including:

  • Multi-national product roll-out: the most commercially viable start-ups can launch their products in Ecobank’s 33 markets across Africa
  • Service provider partner deals: start-ups with deep capabilities to become pan-African service partners within Ecobank’s ecosystem
  • Mentoring and networking support: founders will be conferred as Ecobank Innovation Fellows for a year, which grants them access to networking and mentoring from Ecobank’s vast global network of technology leaders, fintech experts, investors and management coaches.

Mr. Ade Ayeyemi, Group CEO, Ecobank Transnational Incorporated, reiterated Ecobank’s dedication to support innovations in banking and finance across the continent, stating, “We, at Ecobank, believe that the current winds of change led by technology and innovation will redefine how banks do business, and indeed the relationships people have with their money. We want to be at the forefront of this change, in partnership with Africa’s rising start-ups, and that is why we created the Ecobank Fintech Challenge”.

Mr. Eddy Ogbogu, Ecobank Group Executive for Operations and Technology said, “The maiden 2017 edition of the Challenge proved that Africa has an impressive army of highly capable fintech start-ups. Ecobank is looking forward to another successful competition.”

Ecobank Fintech Challenge was designed in partnership with the advisory firm Konfidants and is supported by several partners across Africa and globally. Applications for the competition will close on 20th May, 2018.

More information on the competition, benefits, and how to apply can be found on the competition’s website at http://EcobankFintech.com

You can also interact with us on social media via our Facebook page (www.Facebook.com/ecobankfintech) and twitter page (https://Twitter.com/ecobank_fintech)

Distributed by APO Group on behalf of Ecobank.

Media Contact
Sherelle Folkes
Sherelle@BrandCommsGroup.com
+44 (0) 20 7638 6856

About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’)
Incorporated in Lomé, Togo, in 1988 Ecobank Transnational Incorporated (‘ETI’) (www.Ecobank.com) the parent company of Ecobank is the leading independent pan-African banking group. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs over 17,500 people in 36 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.
Additional information on Ecobank can be found at www.Ecobank.com.

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Africanews TV celebrates 2 years: 2016-2018

Within two years, Africanews (www.Africanews.com), the first pan-African and multilingual media outlet stands out among the media landscape on the continent. The channel is already a leading source of news for millions of Africans in search of a relevant and independent information.

Whether on television screens, on the website or through its mobile applications, Africanews has for the past two years been offering to its audience a credible and an unbiased pan-African information in French and in English, produced and realized by Africans, and broadcasted from the headquarters in Pointe-Noire.

After a successful launch in 2016 with two awards (“Best Launch” at the Grand Prix des Médias 2016 and “Best New Channel Launch” at the 2016 Content Innovation Awards), Africanews has maintained this excellence. Reports on the continent have seen strong growth and Africanews content delivery has been enriched with two new weekly magazines launched in 2017and 2018:

International Edition (https://goo.gl/yU3CNc), the press review of international news from a pan-African perspective

Inspire Middle East (https://goo.gl/GWcAMs), a window on the MENA region which takes viewers into the leading edge of innovations, be they technological, cultural or lifestyle-related.

Africanews will soon be launching Inspire Africa, highlighting millions of men and women who established Africa’s development and are driving the continent’s growth, creativity and innovation. A programme broadcasts on Africanews and Euronews.

Africanews Audiences
The results of the latest Africascope 2017 * survey also underline the good performance of the channel since its launch, with an annual audience of 6.3 million people, up from 2016.
In French-speaking Africa, Africanews achieves its best scores, where its awareness rate now stands at 45%, reflected by a weekly audience of 3.2 million viewers.

Michael Peters, CEO of Euronews and President of Africanews
“From the beginning, Africanews has positioned itself as a news outlet with an editorial independence to provide informations, and for two years, our audience shows an ever increasing loyalty to this information broadcasted without any ideological preference nor nationalism, intended for the citizens of the continent”.

Africanews Distribution
In 2017, Africanews increased its distribution and is now available in 38 countries and 11.7 million homes ** in sub-Saharan Africa, thanks to the partnership with the leading pay-TV platforms of the continent ,including Canal+ Africa, Startimes, Azam TV and Kwesé TV.

Africanews online
Africanews expanded its digital offering in 2017 with the launch of its Apps (July for iOS devices and January 2018 for Android devices), allowing its audience to access the latest African and international news anywhere and anytime.

*Africascope 2017 survey (Kantar TNS)
**Source:Dataxis Q3.2017

Distributed by APO Group on behalf of Africanews.

For further information, please contact:

Press Office:
Solange Bodiong Chauwin
Communication Officer
t +33 (0)4 28 67 05 35
Solange.Bodiong-Chauwin@Africanews.com

Follow us on Twitter @africanews and @euronews_group

About Africanews
Africanews (www.Africanews.com), launched in 2016 (digital in January, TV in April), stands out as the first pan-African multilingual media source produced simultaneously in French and English, and offering coverage of African and global news from a sub-Saharan perspective.

Today, Africanews TV is available in 38 countries and 11.7 million homes across sub-Saharan Africa thanks to major pay-tv players and national channels (partial broadcast). The Africanews signal covers sub-Saharan Africa and the Indian Ocean islands via two satellites: SES 4 and SES 5.

Africanews’ digital platforms, available around the world, highlight the challenges and opportunities of a connected Africa:

  • africanews.com (www.Africanews.com) has a responsive web design suited to all mobile, tablet and computer screens and has the added feature of adapting to the quality of the available connection;
  • two YouTube channels (in English (www.YouTube.com/africanews) and French (www.YouTube.com/africanewsfr) ) and Facebook (www.Facebook.com/africanews.channel) and Twitter accounts @africanews (https://Twitter.com/africanews) and @africanewsfr (https://Twitter.com/africanewsfr).

Africanews is a 100% Euronews subsidiary. Africanews adheres to the same editorial charter as its European sister channel, Euronews.

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MainOne’s West Africa expansion gets boost with Cote d’Ivoire license

As part of its West Africa expansion, connectivity and data centre solutions operator MainOne (www.MainOne.net) has secured a license to expand national and international connectivity services in Cote d’Ivoire. The C1B license, received from Minister Bruno Koné, the country’s Minister for Communication, Digital Economy and Postal Services, will enable MainOne land its trans-Atlantic submarine cable and build transmission infrastructure in Cote d’Ivoire, to strengthen connectivity, reduce international capacity costs and support wholesale customers, major operators and Internet Service Providers.

Cote d’Ivoire authorities believe that the construction of a fourth cable authorised by the government will improve the international connectivity of the country and will provide a lot more opportunities for the national market while increasing competition. “We have just taken an important step through this authorisation for the improvement of the telecommunication infrastructure of our country, specifically the improvement of international connectivity. MainOne cable will have an impact on price and quality and will strengthen the security of our infrastructure”, declared Minister Bruno Koné.

The entry of MainOne, an open-access connectivity services provider will further democratize the international bandwidth market in Cote d’Ivoire and neighbouring countries and drive down bandwidth costs for local Internet Service Providers, Telcos and indigenous businesses.

“Cote d’Ivoire is the largest economy in the West African Economic and Monetary Union (WAEMU) and a very important hub for business and transport in West Africa. The dynamism of the national economy and accelerated development of the digital economy in Cote d’Ivoire as well as its regional leadership makes it a natural hub for the West African region and guided MainOne’s decision to invest in Cote d’Ivoire”, said Funke Opeke, Chief Executive Officer of MainOne.

As part of an overarching plan to invest close to $20m in Cote d’Ivoire with a focus on the provision of wholesale connectivity services, MainOne has obtained the license and will commence the construction of its digital transmission cable in June 2018, to be concluded in the second half of 2019. Its cable landing will provide open-access infrastructure within Cote d’Ivoire and other WAEMU countries to expand internet access for all users in the region and support rapid development as well as facilitate increased non-resources trade and improve public services to aid the evolution of regional businesses.

“By investing and encouraging the business ecosystem within West Africa, we hope to bring meaningful technology solutions to businesses, to enable them in their quest for improved productivity and efficiency through dedicated and reliable connectivity services. We are prepared to collaborate with incumbent operators towards enhancing regional integration and global access,” Ms. Opeke concluded.

MainOne is committed to deepening broadband access via fibre infrastructure and data centres across West Africa. With service delivery in 10 countries including Nigeria, Ghana, Cote d’Ivoire, Burkina Faso, Togo, Cameroun, Benin, Niger, Senegal and Chad, MainOne operates a 100G international submarine cable system which guarantees highly reliable connectivity to support the growing demand for Internet access and bandwidth-intensive applications such as eCommerce, Content providers, OTT players and electronic banking and payment services via 3/4G mobile networks. The MainOne Submarine cable was the first privately owned cable in West Africa spanning 7000KM with a capacity of 4.96 TBPS to connect West Africa to Europe via a landing in Portugal and multiple routes to London, Paris and Amsterdam.

Distributed by APO Group on behalf of MainOne.

MainOne
Temitope Osunrinde
MarComms@MainOne.net

About MainOne:
MainOne (www.MainOne.net) is a leading provider of connectivity and data centre services for businesses in West Africa. Since its launch in 2010, MainOne has developed a reputation for highly reliable services to become the preferred provider of wholesale Internet services to major telecom operators, ISPs, government agencies, large enterprise, and educational institutions in West Africa. MainOne’s world class submarine cable system running down the coast of West Africa, state of the art IP network, growing regional and metro terrestrial fibre optic networks, and data centre facilities enable broadband services for businesses needing solutions in West Africa. Our network is interconnected and peers with leading operators and internet exchanges worldwide to provide global reach to our customers. Additional information can be found on www.MainOne.net.

Source:: MainOne’s West Africa expansion gets boost with Cote d’Ivoire license

      

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