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Firm secures $10m grant to promote digital economy

Firm secures $10m grant to promote digital economy

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Anna Okon

O-Mobile Multimedia Limited, a Nigerian firm that specialises in technology-based financial and agricultural services development, says that it has secured a grant of $10m from So.Sui.Ben Foundation, a Switzerland-based non-governmental organisation that promotes development in Africa.

According to a statement from the firm, the grant is to promote digital economy in Africa, facilitated by Africunia Limited (trading as Africunia Bank), a banking technology firm with headquarters in the United Kingdom.

The Chief Executive Officer, O-Mobile Multimedia Limited, Mr. Benjamin Aduli, said that the focus of the pact was to promote and deepen knowledge of the practice of digital services among Africans and thereby reducing poverty.

He said, “We are excited about this ground-breaking pact which involves the creation of awareness about digital banking opportunities, educating governments and the general public about digital banking opportunities. We will be developing applications that will help Africans utilise digital banking technology and reduce poverty on the continent.”

He added that the company would offer its multimedia business academy and provide free, digital and multimedia training to all interested Micro, Medium and Small Enterprises in Nigeria through a network of 1,200 O-Mobile academy centres currently being set up across the country.

The President of Africunia Bank, Don Chancellor, said the time had come to tackle poverty in Africa using every available means, adding that technology would help do this.

He said, “Development needs to be fast-tracked in Africa and we are committed to the continent’s growth through digital banking products and services.

“We are very elated about this opportunity to develop the MSMEs across Nigeria and Africa and make them globally competitive in this era of technology. We have already started the hard work.

“Working with O-mobile and So.Sui.Ben affords us the opportunity to quickly reach the unbanked and unconnected and give them access to first-world banking infrastructure and services. We believe that our partnership with a firm that already understands technology and has wide presence in Nigeria will help us quickly accomplish our goal.”

Aduli stated further that the company had already commenced work and hoped to sign-up at least 500,000 digital banking customers for Africunia Bank within 90 days globally.

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