Untapped Global partners with Paga to boost digital payments for Nigerian SMEs

Smart Asset Financing fast tracks digitization for over 120,000 small businesses

LAGOS, Nigeria, Oct. 1, 2021 /PRNewswire/ — Untapped Global, an investment company focused on emerging markets, announces a scale up of its partnership with Paga, the mobile payment and financial services company. The program finances point-of-sale devices (POS) for merchants in Nigeria, the largest country in Africa, but still underserved when it comes to financial services.

The collaboration between Paga and Untapped focuses on empowering small businesses to accept digital payments and bring financial services to the masses. The financing is structured to lower the overall cost of entry for merchants to acquire a handheld POS terminal and other digital tools for their businesses, making it easy for them to buy, sell, and get paid.

Untapped Global Logo

“We are excited to scale our POS rollout program with Untapped,” said Tayo Oviosu, Founder and CEO of Paga Group. “We have built the best on-ramps and off-ramps for cash in Nigeria through the Paga agent network and are further digitizing merchants via our new merchant platform, Doroki. Across our ecosystem, we currently have over 33,000 merchants. Our collaboration with Untapped is accelerating our progress to reaching 120,000 merchants in the next two years by lowering the startup and onboarding costs for merchants.”

Untapped Global offers Smart Asset Financing to asset-based businesses across Africa and other emerging markets. Smart Asset Financing is an innovative investment model that provides flexible capital for fast-growing enterprises like Paga, leveraging technology to make investments safer and more profitable for investors by tracking assets and capturing revenue in real-time.

Paga’s POS devices enable merchants to accept cards, mobile payments, and other forms of digital payments, and offer other value-add financial services to customers. The financing from Untapped is unique, as payments are recovered from the revenues earned on the devices. Lowering the cost of entry for using mobile payments is key to delivering the benefits of Africa’s growing fintech revolution to even the smallest businesses.

“The network of the POS devices that will be available for merchants via this partnership is powerful,” Untapped founder and CEO, Jim Chu, commented. “It enables a seamless process for merchants and their customers to buy, sell, and get paid. We’re excited to use Smart Asset Financing to greatly increase access to financial services across Nigeria with partners that know the space best, like Paga.”

Untapped and Paga had an initial and successful pilot in 2021. Scaling up the availability of the devices shows the impact these devices have on small businesses, particularly in emerging markets like Nigeria.

“Our goal at Paga Group is to make it simple for 1 billion people to pay, get paid, and access financial services,” Oviosu said. “The team at Untapped is aligned with that goal, and the current partnership showcases its objective to ensure that entrepreneurs have the opportunity to scale to their full potential.”

About Paga:
Paga is a payments and financial services ecosystem for Africa. Our ecosystem is similar to that of Square and PayPal as we focus on helping both consumers and sellers pay, get paid, and access financial services. Our first market is Nigeria where we now have over 18 million unique users.

About Untapped Global:
On a mission to empower the next billion entrepreneurs to scale to their full potential, Untapped creates opportunity by connecting frontier market innovators to global investors through its Smart Asset Financing™ platform that provides CAPEX financing for revenue-generating assets around the world, and its global investment network, The Nest.

Kun, le concept-car de SAIC Motor, dévoilé à l’Expo de Dubaï

DUBAÏ, EAU, 1er octobre 2021 /PRNewswire/ — Aujourd’hui, le concept de voiture autonome à énergies nouvelles « Kun » de SAIC Motor – exposition vedette du pavillon de la Chine de l’Expo de Dubaï 2020, a été virtuellement dévoilé au musée de l’Exposition universelle de Shanghai.

L’Expo de Dubaï ouvrira officiellement ses portes le 1er octobre. Le tout dernier concept-car de SAIC Motor, « Kun »,constituera l’élément d’exposition le plus éblouissant avec le satellite chinois Beidou et le chemin de fer à grande vitesse de Chine, démontrant au monde entier la puissante force d’innovation et le charme technologique unique de la fabrication haut de gamme de la Chine. Dans le même temps, les marques propres de SAIC Motor, MG et MAXUS, présenteront leurs derniers modèles en tant que véhicules officiels désignés pour le pavillon de la Chine pendant l’exposition.

Une vision de la « Mobilité intelligente » pour une vie meilleure

L’Exposition universelle, qui a une longue histoire de plus de 160 ans, est connue comme « l’événement olympique des milieux économiques, technologiques et culturels » et est devenue une scène mondiale pour exposer de nouveaux concepts, de nouvelles idées et de nouvelles technologies. « Tout commence à l’Exposition universelle ». Les trains, les lumières, les téléphones, les avions, les autoroutes et d’autres technologies et concepts qui ont été lancés pour la première fois à l’Exposition universelle sont progressivement entrés dans la vie quotidienne des gens et ont fortement favorisé le progrès continu de la société humaine.

Lors de l’Expo 2010 de Shanghai, SAIC Motor a construit un pavillon d’entreprise automobile, décrivant une image souhaitable de « Direct to 2030 » (En route pour 2030) avec zéro émission, zéro accident de la route, sans dépendance à l’égard du pétrole et sans embouteillages.

Lors de l’Expo 2020 de Dubaï, SAIC Motor présentera le concept « Kun », créé conjointement par les équipes de design avant-gardistes de Shanghai et de Londres. Citant la légende du « Léviathan » dans Carefree Soaring de Zhuangzi, inspiré par « le monde et la Chine, la montagne et la mer », le concept « Kun » intègre l’interaction de la bio-intelligence, l’énergie photosynthétique, le siège zéro gravité, l’interaction de l’image holographique et les technologies avancées de conduite autonome, et présente une belle image de la mobilité intelligente qui ne sera pas limitée par l’espace à l’avenir et de la fusion des environnements de l’homme et du véhicule. Elle offrira au public international de l’Expo une expérience unique « un regard sur la technologie, un regard sur l’avenir et un regard sur la Chine ».

Une image de marque chinoise « verte et intelligente »

SAIC Motor représente l’industrie automobile chinoise et crée activement une image innovante « verte et intelligente » à l’Expo de Dubaï. SAIC Motor a mis en place une chaîne industrielle automobile mondiale comprenant la R&D, le marketing, la logistique, les pièces détachées, la fabrication, la finance, les voitures d’occasion, etc. Ses produits et services sont appréciés dans plus de 70 pays et régions du monde.

S’appuyant sur les avantages des technologies innovantes telles que les véhicules à énergies nouvelles et les réseaux intelligents, SAIC Motor crée activement une compétitivité internationale différenciée. De janvier à août de cette année, les ventes sur les marchés étrangers ont dépassé 370 000 unités, soit une augmentation de 106,4 % en glissement annuel, ce qui place la société au premier rang des ventes à l’étranger des constructeurs automobiles chinois. Parmi ces ventes, la marque MG a atteint 182 000 unités, soit une augmentation de 83,9 % en glissement annuel. Les ventes de MG dans les pays développés ont représenté près de 40 % et ont permis à la marque de remporter le titre de « championne des ventes à l’étranger d’une seule marque en Chine ». Les ventes de véhicules à énergies nouvelles de marques propres dans les pays européens développés ont atteint près de 19 000 unités, soit une augmentation de 133 % en glissement annuel, classant ainsi la société au premier rang des segments de véhicules dans des pays tels que le Royaume-Uni, la Norvège, le Danemark et l’Islande. Dans le même temps, le système de réseaux intelligents « i-Smart » a été populaire auprès des consommateurs en Thaïlande, en Inde, en Indonésie et dans d’autres pays. Il a été utilisé sur plus de 30 modèles étrangers et a activé plus de 130 000 utilisateurs.

Photo –  https://mma.prnewswire.com/media/1639710/image_836135_27483761.jpg

UN Says Sudan, South Sudan Ravaged by Seasonal Flooding

GENEVA —

Seasonal flooding in Sudan and South Sudan has devastated whole communities, where homes have been destroyed and farmland and livelihoods are washed away, the United Nations says.

The rains came early this year, beginning in South Sudan in late April instead of June. The buildup of massive amounts of rainwater has caused the Nile and Lol rivers and Sudd marshlands to overflow and flood large swathes of territory.

Jonglei, Unity, Northern Bahr el Ghazal and Upper Nile are the worst affected states. The U.N. says nearly half a million people are suffering because of the floods.

Jens Laerke, the U.N. Office for the Coordination of Humanitarian Affairs spokesman, says aid agencies are doing their best to provide emergency relief.

“Access is a major challenge though, with most of the flood-affected areas inaccessible by road, and the transport of aid by air is very costly.… Some of the flood-affected counties are also affected by ongoing violence, which creates significant challenges for the people affected and the humanitarians who try to respond to their needs,” he said.

Laerke said aid agencies have delivered food, water purification tablets, plastic sheeting for temporary shelter, mosquito nets and medical and other supplies, but resources are limited and must be replenished.

Lack of money is hampering the operation, he said, with only 61% of this year’s U.N. $1.7-billion South Sudan appeal met.

Laerke said a similar funding problem in Sudan is preventing emergency aid from being delivered to more than 314,000 flood victims. He said heavy rains have been wreaking havoc in 14 of Sudan’s 18 states since July.

“Flooding has destroyed or damaged more than 62,000 houses and displaced over 100,000 people. Bridges have collapsed and farmland has been inundated. Some 183,000 people have been reached with various kinds of assistance. However, relief stocks also here in Sudan urgently need to be replenished to maintain the response,” he said.

Laerke said hundreds of thousands of Sudanese will be deprived of essential supplies and services for the rest of this year without more outside support, and that the U.N.’s $1.9-billion Sudan appeal is only 29% funded.

Source: Voice of America

Security Council Report Monthly Forecast, October 2021

In October, Kenya will hold the presidency of the Security Council.

Kenya will hold several signature events during its presidency. It will convene a high-level open debate on the theme “Diversity and State-building” under the agenda item “Peacebuilding and Sustaining Peace”. President Uhuru Kenyatta of Kenya plans to chair the session.

The Council is also expected to hold a highlevel open debate via videoconference (VTC) on cooperation between the UN and regional and sub-regional organisations, focusing on the AU. President Kenyatta is also expected to chair this meeting. Briefings are anticipated from Secretary-General Guterres, AU Commission Chairperson Moussa Faki Mahamat, and High Representative for the African Union Peace Fund Donald Kaberuka. A presidential statement is a possible outcome.

The annual open debate on women, peace and security is planned for October and will be held at ministerial level. It seems that the open debate will focus on the contribution of local women to peacekeeping, peacebuilding and transitional settings during and following UN peace operations. Similar to Ireland in September and Mexico next month, Kenya plans to make women, peace and security one of the key themes of its presidency.

A briefing to consider the Secretary-General’s seventh biennial report on Small Arms and LightWeapons (SALW) will be convened. UN High Representative for Disarmament Affairs Izumi Nakamitsu, Executive Secretary of the Regional Centre on Small Arms in the Great Lakes Region, the Horn of Africa and Bordering States (RECSA) Lieutenant General Badrelin Elamin Abdelgadir, and Senior Researcher at Small Arms Survey David Lochhead are the anticipated briefers.

The Council will receive a briefing from the Special Envoy of the Secretary-General for the Great Lakes, Huang Xia, on the Secretary-General’s biannual report on the implementation of the Peace, Security and Cooperation Framework for the Democratic Republic of Congo and the Region. The format of the meeting is expected to be a ministerial-level debate chaired by Kenyan Foreign Minister Raychelle Omamo. A presidential statement is the anticipated outcome of this meeting.

The Council is also expected to conduct a visiting mission to the Sahel during the month, travelling to Mali and Niger. France and Niger are coleading the mission.

Other African issues on the programme of work in October are:

• Democratic Republic of the Congo, a briefing on the UN Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO);

• Western Sahara, a briefing in consultations on the UN Mission for the Referendum in Western Sahara (MINURSO) and a renewal of the mission’s mandate;

• Central African Republic, a briefing on the UN Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA);

• Somalia, a briefing on the work of the 751 Somalia Sanctions Committee;

• Sudan/South Sudan, a briefing on the UN Interim Security Force for Abyei (UNISFA); and

• Mali, a briefing on the UN Multidimensional Integrated Stabilization Mission in Mali (MINUSMA).

The Council will hold its monthly meetings on the political and humanitarian situations and on the use of chemical weapons in Syria. Other Middle East issues on the programme of work this month include:

• Yemen, the monthly meeting on developments;

• Golan Heights, a briefing in consultations on the UN Disengagement Observer Force (UNDOF);

• “The Situation in the Middle East, including the Palestinian Question”, the quarterly open debate; and

• Lebanon, a briefing in consultations on the implementation of resolution 1559.

Source: Security Council Report

Jihadist Chief, 18 Fighters Killed in Mozambique, Bloc Says

JOHANNESBURG —

A local jihadist leader and 18 fighters were killed during a military strike on their base in Mozambique’s insurgency-hit north, a bloc of southern African nations said Saturday.

Al-Qaida-linked jihadists have been terrorizing Mozambique’s gas-rich Cabo Delgado region since 2017, raiding villages and towns in a bid to establish a caliphate.

Local jihadist leader Rajab Awadhi Ndanjile was killed along with 18 other fighters in an offensive on September 25 on the militants’ base in the Nangade district of Cabo Delgado, the Southern African Development Community (SADC) regional grouping said.

Many members of the 16-nation bloc have deployed troops in Mozambique to fight the insurgents.

SADC said Ndanjile recruited and indoctrinated fighters and was involved in the first attack in the region and “subsequent attacks on villages” as well as the “abduction of women and children.”

In July, Rwanda sent 1,000 troops to Mozambique, the first country to do so. Several other SADC members followed suit.

South Africa has deployed nearly 1,500 soldiers in the neighboring country.

The insurgency has killed more than 3,300 people — half of them civilians — and displaced at least 800,000 from their homes over the past four years.

Source: Voice of America

Early Warning Climate Forecasting in Lesotho 2019-2023 – Factsheet

The Kingdom of Lesotho is a landlocked territory in southern Africa with a population over 2 million.

This project is reducing the vulnerability of agriculture, water systems, and livelihoods to climate change impacts across the country by establishing new Early Warning Services (EWS) and scaling up existing EWS. EWS is an adaptive measure for climate change, using integrated communication systems to help communities prepare for hazardous climaterelated events.

Other approaches of the project involve training activities in climate data analysis, GIS techniques, and sustainable water management.

This project is the 2nd phase of an earlier project that ran from 2011-2017, also funded by the Global Environmental Facility.

Source: Security Council Report