The Nation Newspaper

Category: Money

  • Awele, Somachi drive TEF into empowering more entrepreneurs

    Awele, Somachi drive TEF into empowering more entrepreneurs

    Co-founder, Tony Elumelu Foundation (TEF), Dr. Awele Elumelu and Chief Executive Officer, TEF,  Somachi Chris-Asoluka are the two amazons driving TEF to success.

    The success stories at TEF are championed by these two amazons who have brought passion and commitment to the programme.

    In March, the Tony Elumelu Foundation announced the successful entrepreneurs in its 10th selection for the TEF Entrepreneurship Programme.

    This new cohort brings to 20,000, the number of young African entrepreneurs who have received funding, mentoring, and capacity-building support from the Foundation, double the initial commitment.

    The Tony Elumelu Foundation has disbursed $100,000,000 directly to young African entrepreneurs, who have created over 400,000 direct and indirect jobs, contributing significantly to Africa’s economic growth and development. Also, 45 per cent of these beneficiaries are women, reiterating the Foundation’s commitment to gender inclusion and equity.

    Awele told the packed crowd at the programme that TEF was working in tandem with its vision, which was to “democratise luck and eliminate poverty” in the continent.

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    Chris-Asoluka is also providing the needed leadership that has contributed imensely to TEF successes.

    In one of Awele’s speeches, she spoke about the transformative power of the private sector in changing the lives of individuals and the face of communities across Africa.

    She is the chairperson of Avon Healthcare Limited, Nigeria’s leading health insurance provider, and the Founder/CEO of Avon Medical Practice, a growing network of full-service clinics and onsite facilities with corporate institutions.

    Having identified poor health infrastructure, absence of medical equipment and poor healthcare coverage as some of the challenges facing healthcare delivery in Nigeria, she established the two organisations to provide affordable medical insurance and services to Nigerians from all walks of life. This is helping to improve access to adequate and effective healthcare services in Nigeria.

    In January 2018, she was appointed as Private Sector Champion for Immunisation in Africa by Gavi, the Vaccine Alliance. In this role, she leverages her knowledge, corporate networks, and expertise from the healthcare and business sectors to champion vaccination and immunisation in Africa, where almost 10 million children are yet to be fully immunised.

    She is particularly passionate about and advocates extensively for the rights of Africans, women and children. In line with her commitment to the economic philosophy of Africapitalism, which calls on the African private sector to lead the charge in developing the continent, she continues to work to bring together public and private players to deliver economic opportunity, social good, and greater health and opportunity to all Africans.

    Awele serves as a Director on the Board of Heirs Holdings, a family-owned investment company committed to improving lives and transforming Africa and is a Trustee of the Tony Elumelu Foundation.

    She holds a Bachelor of Medicine, Bachelor of Surgery degree from the University of Benin. Her experience as a medical doctor includes medicine, surgery, paediatrics, obstetrics, gynaecology and emergency medicine. She has worked with the Lagos University Teaching Hospital, in Nigeria, and with Grantham and District Hospital, Grantham in the United Kingdom.

     Chris-Asoluka showed the rquired zeal when she was appointed into the TEF CEO position.

    Accepting the offer, she had said: “I am honoured to be appointed to lead the Foundation, particularly at a time when we will be launching a new Coalition for African Entrepreneurship. This Coalition will bring together global and African partners to significantly increase the impact created by TEF’s unique platform for identifying, mentoring, training and funding young African entrepreneurs. I look forward to working with the team, our partners, and all stakeholders to achieve our common goal of a strong, confident, self-reliant Africa. I am honoured to build on Ifeyinwa’s (her predecessor) legacy and launch the Tony Elumelu Foundation into its next phase of impact.”

    Prior to becoming the Chief Executive Officer of the Tony Elumelu Foundation, Somachi served as Director of Partnerships and Communications for the Foundation. Under her leadership, the Foundation is increasingly sharing its unique ability to identify, train, mentor, and fund young entrepreneurs across

    Africa, through partnerships with institutions such as the European Union (EU), United Nations Development Programme (UNDP), International Committee of the Red Cross (ICRC), US Government via the US African Development Foundation (USADF), The Organisation of African, Caribbean and Pacific States (OACPS), Agence Francaise de Development (AFD), DEG, GIZ, African Development Bank (AfDB), and Google.

    The TEF has trained over 1.5 million young African entrepreneurs who have created over 400,000 jobs across the continent, Founder, Tony Elumelu Foundation (TEF), Tony O. Elumelu, has said.

    Also, 1,104 selected TEF entrepreneurs were announced for the 2024 entrepreneurship programme held at the United Bank for Africa (UBA) headquarters, in Lagos.

    Each of the selected 1,104 entrepreneurs for 2024 TEF Entrepreneurship Programme will get $5,000 non-refundable seed capital to support their businesses.

    The beneficiaries have also received world-class business training, mentorship, coaching, and funding, in addition to lifelong access to the prestigious TEF Alumni Network.

    For Awele, the massive impact of the TEF Entrepreneurship programme is being felt across Africa.

    She said: “We knew what we wanted from the onset, and so far, it has been a decade of fulfilled promises. The 10th TEF Entrepreneurship programme beneficiaries will be supported to ensure they succeed. For those who were not selected, your journey is not over, you just have to work harder and success will be yours”.

  • Alternative Bank to raise N20m for social welfare

    Alternative Bank to raise N20m for social welfare

    The Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and educational initiatives. This initiative aligns with the theme of the African Union Summit 2024, “Educate and Skill Africa for the 21st Century.”

    Hassan Yusuf, Managing Director of The Alternative Bank, unveiled this plan in a press release, highlighting the forthcoming AltWalk event as a pivotal fundraising platform.

     “Through this initiative, we aim to mobilize contributions from both internal and external stakeholders, reaffirming our commitment to education and societal welfare,” stated Yusuf.

    The fundraising campaign aims to secure N20 million, with the proceeds serving dual purposes: providing meals for underserved communities and orphanages through the Lagos FoodBank initiative and delivering quality educational support via Sterling One Foundation.

    This campaign targets individuals, families, businesses, and organizations committed to ending hunger, improving education, fostering healthy living, and positively impacting society.

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    Stakeholder participation and donations are poised to substantially impact critical social issues, including hunger reduction, enhanced education, and healthier lifestyles.

    Yusuf emphasized AltBank’s dedication to empowering customers through innovative solutions in health, food security, and education, positioning them for success in the 21st century. He stressed that education is central to the bank’s mission of bolstering the economy and enhancing financial well-being across society.

    AltBank, Nigeria’s most recent entrant into the financial services sector, made a grand entrance with simultaneous launch events in Lagos, Abuja, and Kano, marking the country’s first multi-city brand launch.

    As the ethical banking arm of Sterling Financial Holdings, The Alternative Bank originated in 2014 as Sterling Alternative Finance under Sterling Bank Plc’s non-interest banking license. It has since evolved into a prominent player in Nigeria’s non-interest banking sector.

    Lagos Food Bank is a non-profit, nutrition-focused initiative committed to fighting hunger, reducing food waste, and addressing malnutrition through targeted programs. Their initiatives aim to improve the nutrition and food intake of vulnerable populations, including children, pregnant women, lactating mothers, seniors, and impoverished families.

    The Sterling One Foundation catalyzes positive social impact across critical sectors of the Nigerian economy. Motivated by the distinct challenges faced by millions of Africans, the foundation aims to achieve Sustainable Development Goals (SDGs), capitalize on the demographic dividend, and improve the standard of living for underserved communities. Through stakeholder-driven interventions, it focuses on employability, sustainability, wealth creation, socioeconomic development, and national progress.

  • Wema Bank plans N70m cash spend on startups, innovators

    Wema Bank plans N70m cash spend on startups, innovators

    Wema Bank has laid up about N70million to support startups and innovators under its youth and startup-focused tech competition programme, tagged Hackaholics 5.0. The unveiling held at the bank’s Head Office in Lagos, yesterday.

    Hackaholics, an annual tech and innovation competition birthed by the bank is a groundbreaking annual “Hackathon” which provides a platform for young Nigerians with tech-driven ideas to bring their game-changing ideas to life, scale their ventures and access a wider market for these tech-enabled solutions.

    Hackaholics has, over four editions, and has transformed thousands of lives and businesses across the country, as well as helping Nigerian youths to build their own Startups, create sustainable sources of income and gain a competitive edge on the global tech and innovation scene.

    This year’s edition, themed: “Meta-Idea: DigiTech Solutions for Africa’s Prosperity”, pledges a total cash prize of over N70million for top innovators across Africa.

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    This grand scale edition will be executed over a six-month period, with tours to 10 Universities across Africa and challenging the youth to pitch unique, innovative and practical Digi-Tech solutions to positively impact the acceleration of progress, development and prosperity, not just in Nigeria but across the African continent.

    Reaffirming the bank’s commitment to championing innovation and empowering innovators, Wema Bank’s Executive Director of Retail and Digital Business, Tunde Mabawonku, emphasised the role of Hackaholics in bridging the gap in Africa’s macroeconomic landscape through innovation.

    He said: “Our mission is to ‘Empowering Lives Through Innovation’ and this is the exact purpose behind Hackaholics. Within the bank, we have transformed the status quo and redefined the standards with cutting-edge solutions and technology, hence our position as Nigeria’s most innovative bank.

    “With Hackaholics, we have taken our innovation drive outside the bank, empowering youths for success and facilitating the development of transformative solutions tailored to the needs of diverse Nigerians and even the African populace.

    “By embracing innovation, fostering a culture of collaboration, and prioritising customer-centricity, we have and will continue to transform and position in Wema Bank as a digital leader, in action, products and services.

    “Our aspirations are not merely about implementing new technologies; they are about fundamentally transforming how we operate, to be simple, seamless, convenient and reliable in service to our customers.”

    Mabawonku said the project aligned with the sustainability vision of the bank, ‘Developing Digital Solutions for Societal Impact’. saying over the years, the Group has been privileged to not only peek into some very insightful ideas, life-changing products and companies that have been created via this platform, but also drive sustainable growth in every vertical of the Nigerian economy.

    “This year, we aspire to expand into Pan-African frontiers, taking the magic from the Hackaholics train beyond Nigeria. As Walt Disney said, ‘ideas come from curiosity’. So how can we improve the health sector across Africa? How can we transform the education sector? How can we drive positive change across various verticals?

    “Hackaholics is the platform that not only challenges creative minds and piques curiosity to bring those ideas to life, but also provides invaluable tools and resources to amplify the ideas, taking them from Idea to Product for the world to benefit. Interestingly, Hackaholics itself came and began as an idea. And today it has metamorphosed into the formidable Platform we see today.

    “With Hackaholics, we are on the way to birthing and discovering another Unicorn in Africa, and I hope that you will stick with us as this journey unfolds,”the bank’s Executive Director said.

    Explaining the details of the annual competition, the bank’s Head of Innovation, Solomon Ayodele underlined that this year’s theme was anchored on two principal factors—The Meta Idea and African Prosperity.

    He said: “We are challenging the youth to develop extraordinary ideas that will proffer practical solutions to our local problems as Africans. This year, we are widening our scope across the six geopolitical zones in Nigeria, and we are also touching Africa.

    “As you may know, we launched the Hackaholics Digital Summit last year, culminating the Hackaholics 4.0 journey in grand style. This year, you’re going to experience the Coachella of the tech industry at our Hackaholics 5.0 grand finale tech festival, and the journey begins today.

    Ayodele noted that for this year’s competition, there won’t be limitation of entries to any specific verticals.

    “Any verticals you can think of will be accepted. Our focus for Hackaholics 5.0 is the brilliance of your mind so we leave it to you to discover a problem area that matters and develop an innovative solution that will drive positive impact.

    “Our goal is to birth solutions that address diverse aspects of real-world challenges, and you have the opportunity to be a part of this transformative journey,” he stated.

  • AfDB Group, Korea sign $28.6m grant pact to support Africa’s development

    AfDB Group, Korea sign $28.6m grant pact to support Africa’s development

    The African Development Bank (AfDB) and the Government of Korea have signed two agreements worth  $28.6mn to boost Africa’s development agenda.

    The fund, which complements $600mn in co-financing under the Korea-Africa Energy Investment Framework agreed with the Korean government in 2021, will support African countries to build human capacity and develop their energy sectors.

    Akinwumi Adesina, African Development Bank Group President and  Kyungho Choo, Korea’s Deputy Prime Minister and Minister of Economy and Finance, signed the first agreement for $28.6mn in Busan, Korea during the 7th Korea-Africa Economic Cooperation Ministerial Conference (KOAFEC), co-hosted by the bank and Korea in September.

    The new funding will primarily support energy access, agricultural transformation, and knowledge and capacity-building across a number of African countries. The amount will be disbursed to the African Development Bank Group in three installments: $4.6mn in 2023, and $24mn in 2024 and 2025.

    Choo described Korea as “a true partner for African countries”, adding that the government would do its best to contribute to Africa’s sustainable growth and development.

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    Adesina said Korea’s additional funding was timely, especially as the nation celebrates the 40th anniversary of joining the AfDB. He commended the government for its commitment to a strong partnership between the AfDB and Korea.

    “Korea’s relationship with Africa is unique,” Adesina said. “There is a lot to learn from Korea which moved from a poor country relying on aid, to a donor country within a single generation,” he added.

    The second agreement, between the AfDB and Statistics Korea, will strengthen statistical cooperation and enhance the capacity of African countries to produce quality data. Kevin Urama, AfDB chief economist and vice president  and Hyoung il Lee, commissioner of Statistics Korea, signed the agreement on behalf of their institutions.

    According to officials, under the agreement with Statistics Korea, an agency under the Ministry of Economy and Finance, the two institutions will work together to raise statistical awareness and share new data sources and methods to improve statistical quality, including big data.

    The agreement document identifies areas for possible cooperation, such as the African Development Bank’s Africa Information Highway for evidence-based decision-making. The Africa Information Highway is a mega-network of live open data platforms electronically linking all African countries and 16 regional organisations.

    African Development Bank’s figures indicate that the Korea-Africa Economic Cooperation Trust Fund  is the largest of the Bank’s active bilateral trust funds in terms of contributions received and portfolio size. The fund which had received $108mn in contributions as of 31 December 2022, has financed 203 projects since its inception.

  • World Bank, AfDB to connect 300m Africans to electricity by 2030

    World Bank, AfDB to connect 300m Africans to electricity by 2030

    The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.

    World Bank Group President ,  Ajay Banga, said the World Bank Group will work to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid while the African Development Bank Group will support an additional 50 million people.

    He said that access to electricity is a fundamental human right and is foundational to any successful development effort.  Currently, 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation.

    “Electricity access is the bedrock of all development. It is a critical ingredient for economic growth and essential for job creation at scale.  Our aspiration will only be realized with partnership and ambition. We will need policy action from governments, financing from multilateral development banks, and private sector investment to see this through,” Banga said.

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    This partnership is a demonstration of the determination of the World Bank Group and the African Development Bank Group to be bolder, bigger and better in tackling one of the most pressing challenges in Africa. The initiative is the most recent manifestation of the World Bank Group’s commitment to become more impact-oriented and is the byproduct of a concerted workplan to build a better bank. It is aided by a constellation of regional energy programs that will now be aligned toward this common goal.

    For the World Bank Group to connect 250 million people, $30 billion of public sector investment will be needed, of which IDA, the World Bank’s concessional arm for low-income countries, will be critical. In addition, governments will need to put in place policies to attract private investment, and reform their utilities so they are financially sound and efficient with tariff mechanisms that protect the poor.

    Connecting 250 million people to electricity would open private sector investment opportunities in distributed renewable energy alone worth $9 billion. Beyond that, there would be substantial opportunities for private investments in grid-connected renewable energy needed to power economies for growth.

  • Naira exchange rate steady at N1,200/$ for 24 hours

    Naira exchange rate steady at N1,200/$ for 24 hours

    • Analysts say volatility in forex market easing

    The naira exchange rate against the dollar was steady at N1,200 to dollar for the past 24 hours at the parallel market.

    Yesterday’s closing rate was same with Tuesday’s rate, indicating easing pressure in the forex market.

    The local currency has of recent commenced rapid recovery, as volatility in the market dropped after the Central Bank of Nigeria (CBN) commenced dollar sales to bureau de change operators.

    The CBN recently directed that all authorized dealers to pay Personal and Business Travel, allowances (PTA/BTA) to their customers through electronic channels only, including debit or credit cards instead of cash.

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    “In line with the Bank’s commitment to ensure transparency and stability in the foreign exchange market and avoid foreign exchange malpractices, All Authorized Dealer Banks shall henceforth effect payout of PTA/BTA through electronic channels only, including debit or credit cards. For the avoidance of doubt, payment of PTA/BTA by cash is no longer permitted,” the bank said.

    Importers are finding it increasingly difficult to secure the necessary funds from the official FX market and black market.

    Legitimate needs driving the demand include Form A applications for Business Travel Allowance (BTA), Personal Travel Allowance (PTA), school fees, and medical fees. Small and Medium Enterprises (SMEs) are also grappling with the scarcity, as highlighted by the use of Form Q.

    “The problem is that dollars are scarce in the market. People are not bringing dollars and demand is so high that is why the price is going up,” a street trader told Business Day on Tuesday morning.

    Former Executive Director, Keystone Bank Limited, Richard Obire advised that Nigeria’s heavy and skewed outward-oriented consumption of goods and services as seen in decades of long substantial bills for food and energy imports should be reversed to save the naira.

    Also, the massive corruption-driven capital outflows which in turn severely damages Nigeria’s capacity to produce at scale that will enable the country to fully engage its large population to create widespread prosperity works against the naira.

    On ways to strengthen the naira, he advised that in the short-term, there is  need to find non-market damaging  ways to increase the supply of hard currencies and reducing the demand for same.

    He said that insecurity hampering food production needs to be tackled with a sense of urgency and effectiveness.

  • WEF to discuss new growth models

    WEF to discuss new growth models

    Global leaders, policy makers, investors, among others will converge and in Dalian, People’s Republic of China, later in June, for the 15th World Economic Forum Annual Meeting to chart a new path for the world economy. 

    The meeting comes at a time when the global economy is approaching a soft landing, according to the latest forecast from the International Monetary Fund. Under the theme, “Next Frontiers for Growth,” the meeting will bring together 1,500 global leaders from business, government, civil society, international organisations, academia and media to discuss new models for relaunching economies, with a strong focus on entrepreneurship and innovation. The meeting is also expected to give leaders the opportunity to collaborate and foster ways to spur and maintain positive economic momentum.

    “The meeting will not only allow the constituents to gather the latest insights on economic and industrial trends but also will also enable them to engage in peer-to-peer dialogue as well as drive impact on key issues through ongoing World Economic Forum initiatives,” said Liming Chen, Chair of Greater China, World Economic Forum.

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    The June meeting is expected to build on the successful meeting in 2023 where global leaders reflected on the complex, interconnected global challenges of the past couple of years and proposed joint solutions to create a more inclusive, sustainable and resilient future.  Members of the media will be invited to join the in-person meeting in Dalian. Many sessions will be streamed publicly on the Forum’s website and social media channels, as well as its digital app, TopLink, providing an opportunity for the Forum’s Digital Members community and the public to engage in deliberations.

    Stakeholders are already upbeat about the event. The Founder and Executive Chairman, World Economic Forum, Klaus Schwab, said: “Driven by new technologies, the world is moving fast into the Intelligent Age. This transformation requires new economic and business policy models. The Annual Meeting of the New Champions is a great platform to define the opportunities as well as the necessary mechanisms for global cooperation to enact a better future for everyone.” He added that through action-oriented dialogues, the meeting will help leaders capitalise on technology’s potential for productivity, growth and the energy transition, shape people-centric strategies to match evolving industry trends, and accelerate action for a carbon-neutral, nature-positive future.

    Besides, it is hoped that the programme will also enable a deeper understanding of long-term market trajectories in China and Asia at large. The meeting has six core thematic pillars: a new global economy; China and the world; entrepreneurship in the age of AI; new frontiers for industries; investing in people; and connecting climate, nature and energy.

  • Experts set for Nigeria Fintech, Financial Inclusion Roundtable April 26

    Experts set for Nigeria Fintech, Financial Inclusion Roundtable April 26

    Alhaji Umaru Kwairanga, Group Chairman of the Nigerian Exchange Group (NGX) and Dr. Apochi Agada, Group Managing Director, Unified Payment Services Limited would chair and deliver the keynote address respectively at The Nigeria Fintech & Financial Inclusion Roundtable 2024 set for Friday, April 26, 2024 in Lagos under the theme: “The Role of Fintech & Financial Inclusion in Citizen Empowerment and Economic Growth.”

    Other expected speakers at the Roundtable include Mrs. Adekunbi Ademiluyi, Managing Director, HumanManager Limited; Dr. Stanley Jacob, Vice President, Fintech Association of Nigeria and Dr. Bode Oguntoke, Group Head of Audit, FBN Holdings Plc.

    In a statement, the convener of the roundtable, Prince Cookey, said the event would be a unique convergence of top executives and stakeholder groups from the banking, fintech, telecom, insurance, media community and the general public.

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    Cookey, who is also the Publisher/Editor-in-Chief of Business Journal Media Group, listed the objectives/expectations from the Roundtable to include evaluation of the growth of fintechs in the Nigerian financial system in the past 10 years, analyse the marriage & dichotomy between banks and fintechs, explore the convergence of banking, telecom and insurance in terms of financial inclusion, evaluate the challenges of fintechs and financial inclusion in Nigeria and to project the future of the two financial concepts going forward.

    He said the event is FREE to attend for interested professionals in the banking, fintech, telecom, capital market and insurance space, media as well as members of the general public.

    The Business Journal Publisher solicited for corporate support from public and private sector institutions in Nigeria for the overall success of the event.

    He added that The Nigeria Fintech & Financial Roundtable would be an annual event going forward.

  • Naira closes at N1,200/$ in parallel market

    Naira closes at N1,200/$ in parallel market

    The naira yesterday closed at N1,200 to dollar in the parallel market. It closed at N1,218 to dollar on Monday, representing N18 to dollar appreciation. 

    The local currency has of recent commenced rapid recovering, as volatility in the market dropped after the Central Bank of Nigeria (CBN) commenced dollar sales to bureau de change operators.

    The CBN recently directed that authorised dealers to pay Personal and Business Travel, allowances (PTA/BTA) to their customers through electronic channels only, including debit or credit cards instead of cash.

    “In line with the bank’s commitment to ensure transparency and stability in the foreign exchange market and avoid foreign exchange malpractices, All Authorised Dealer Banks shall henceforth effect payout of PTA/BTA through electronic channels only, including debit or credit cards. For the avoidance of doubt, payment of PTA/BTA by cash is no longer permitted,” the apex bank said.

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    Importers are finding it  difficult to secure the funds from the official FX and black markets.

    Legitimate needs driving the demand include Form A applications for Business Travel Allowance (BTA), Personal Travel Allowance (PTA), school fees, and medical fees. Small and Medium Enterprises (SMEs) are also grappling with the scarcity, as highlighted by the use of Form Q.

    “The problem is that dollars are scarce in the market. People are not bringing dollars and demand is so high that is why the price is going up,” a street trader said yesterday.

    Association of Bureaux de Change Operators of Nigeria (ABCON) President, Dr. Aminu Gwadabe, said aside monetary policy tightening that led to interest rate hike and more investment in government instruments and clearance of $7 billion forex backlog forward commitments, the recall of the BDCs has significantly boost dollar liquidity at the retail end of the forex market.               

  • Stanbic IBTC introduces app for business owners

    Stanbic IBTC introduces app for business owners

    Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has unveiled an enhanced version of its app, specifically for businesses.

     The updated app offers a range of new features designed to update and simplify digital banking for business owners.

    It provides a comprehensive set of tools to manage finances efficiently. With an in-built interface, users can execute transactions effortlessly, transfer funds between accounts, check real-time balances, and manage beneficiaries.

    The app offers instant access to transaction statements, self-service options, and robust security features to safeguard business operations.

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    The Chief Executive of the bank, Wole Adeniyi, said: “We are thrilled to introduce the enhanced Stanbic IBTC mobile app tailored specifically for our business clients. Our goal is to provide businesses with a seamless and efficient platform to conduct their banking activities, including transactions, statement requests, transfers, and more, all from the convenience of their mobile devices.

    “This app enhancement is a significant step in ongoing efforts to simplify our banking processes and enhance customer experience through technology. With robust security measures and a user-friendly interface, our business clients can now manage their finances more efficiently and confidently.”

    According to the bank’s CEO, the app optimisation for business clients showcases the bank’s dedication to innovation and customer-centric solutions and positions it as a trusted financial partner for businesses, supporting their growth and success in the country’s dynamic business landscape.