Leadway Pensure PFA has reported assets under management totaling N1.35 trillion as of September, reinforcing its position among Nigeria’s leading pension fund administrators. The company disclosed that its retirement savings account funds achieved strong compound annual growth rates over three years, with Fund I posting 16.52 percent, Fund II reaching 14.40 percent, Fund III attaining…
Custodian Investment managing director Wole Oshin told a West African insurance conference that climate volatility has transformed from theoretical actuarial modeling into immediate financial pressures, reshaping regional markets and corporate balance sheets. Nigeria’s 2022 flooding event affected 33 states while killing over 600 people and displacing more than 1.4 million residents, generating billions of naira…
NEM Insurance captured the General Insurance Company of the Year award at the Almond Insurance Industry Awards held at Stable Event Centre in Lagos, while AXA Mansard secured the life insurance category and SCIB Nigeria won the broking firm recognition. The ceremony attracted over 17,000 stakeholder votes and featured entertainment alongside insurance sector leaders and…
Continental Reinsurance established the M.H. Koguna IT Lab at the College of Insurance and Financial Management through a partnership with the Chartered Insurance Institute of Nigeria, investing N70 million to advance technological education for insurance professionals. Group Managing Director Lawrence Nazare conceived the facility, honoring the reinsurance firm’s founding chairman, with Managing Director Fatai Lawal…
Kenya’s government met with China Telecom Corporation Limited representatives led by Lin Gui Qing at the Ministry Headquarters to discuss expanded cooperation in the information and communications technology sectors. Officials emphasized attracting investment to support national digital transformation objectives while exploring partnerships in artificial intelligence applications, cloud computing infrastructure, and data center development. The discussions…
SC Ventures by Standard Chartered and Microsoft formed a partnership to develop artificial intelligence and cloud computing tools addressing digital commerce and financing challenges for small and medium enterprises through Project Hal, a business-to-business platform based in the United Arab Emirates. The collaboration targets SMEs contributing over 60 percent of UAE non-oil gross domestic product…
Telecel Group and Huawei reached a $70 million agreement to upgrade telecommunications infrastructure and advance digital capabilities throughout Ghana. The multiphase network modernization program targets improved service reliability and expanded connectivity for consumer and enterprise users while enabling deployment of advanced digital solutions across the West African nation. The collaboration seeks to strengthen national telecommunications…
Cybastion opened a Guinea office in Conakry during the Transform Africa Summit 2025 as part of its strategy to expand technology infrastructure and cybersecurity services across the continent. The American firm will use the location as a base for its Digital Fast Track program, which targets government and commercial clients with solutions spanning network security,…
Ethio Telecom partnered with the Adama City Education Bureau to deploy its Education Management Solution platform across 48 secondary institutions serving both government and private sectors. The telecommunications provider said the system enables instructors to log attendance records and academic grades while providing students with digital access to performance data and allowing guardians to monitor…
Safaricom PLC generated KSh 194.0 billion in service revenue across Kenya during its latest half-year reporting period, with M-PESA accounting for 45.4 percent of that figure at KSh 88.1 billion. The mobile money platform expanded to 37.9 million monthly active users who completed 21.9 billion transactions valued at KSh 20.2 trillion, while Ethiopian operations recorded…
