Ozow a digital payment company, today launched the Ozow Revolution. According to the company, the Ozow Revolution is a visionary effort to make digital payments available to everyone and create greater opportunity to participate in the digital economy- especially for historically excluded communities that rely on costly and unsecure cash payments.
Thomas Pays, CEO and co-founder of Ozow, says far too many consumers and businesses have been excluded from the benefits of the digital economy. “As an impact-driven and market-led company, Ozow is at the forefront of developing breakthrough payments products that enable greater financial and digital inclusion.
While more than 80% of South Africans hold a bank account, only one out of every eight have a credit card. This locks the vast majority of consumers out of digital payments and excludes them from a huge range of services. By simplifying payments for consumers and merchants alike and supporting them with helpful innovations such as zero-rated data costs, we can enable greater participation in the digital economy for all consumers and businesses.”
As the first step of its Ozow Revolution, the company has introduced two new online payments solutions to its platform for the South African market, Ozapp and Ozow PIN.
Ozapp is a progressive web application (PWA) that enables any customer with a bank account or eWallet to transact without a card through a QR-code enabled payment. Pays says it is designed to ease adoption by doing away with the need for a dedicated native application.
“Despite smartphone penetration standing at more than 90%, many South Africans still rely on lower-cost models that lack the storage space needed for many mobile apps,” says Pays. “In a further effort at enabling greater digital inclusion, the data needed to use Ozapp is zero-rated, meaning consumers have zero data cost to make use of the progressive web app and can make payments anytime at any Ozow-enabled point-of-sale or pretty much anywhere, including the comfort of their home.”
To further ease the customer experience and drive greater adoption, Pays also introduced Ozow PIN, which radically simplifies EFT payments through an easy four-step payment process that can be completed in seconds. The speed and convenience of Ozow PIN makes a compelling value proposition for more South Africans to engage in e-commerce at a time when physical retail is experiencing unprecedented disruption.
“With the launch of Ozow PIN, we are revolutionising the payment experience with a new patent-pending simplified payment innovation that delivers a seamless customer experience without compromising on safety,” says Pays. “And in keeping with our commitment to greater digital and financial inclusion, Ozow PIN will be developed into all eleven official languages by the end of the year.”
Pays says Ozow PIN is particularly beneficial to merchants and e-commerce sites with large numbers of returning customers that make regular purchases. “By reducing the time needed to make EFT payments and removing friction in the transaction process, Ozow PIN can help grow transaction volumes while attracting new customers. It’s a win-win for consumers and merchants.”
In addition, individuals and sole proprietors can now make use of Ozow as a payment provider too free of charge for the first 12 months or up to R1-million free processing per month. Previously, Ozow’s payments innovations were only available to enterprise and SME merchants, but due to demand, the company has expanded its services to sole proprietors and individuals.
The Ozow Revolution is driven by a healthy pipeline of new payment products that will be launched over the coming months. “We’re only just getting started with developing new innovations that enable more South Africans to enjoy the benefits of digital payments. As a business, we will continue to find ways to drive digital inclusion until every person on the African continent can make or receive safe, convenient digital payments.”
Thabo Mashegoane Appointed As Chairman of the Africa ICT Alliance (AfICTA)
The President and Board Chairperson of the Institute of Information Technology Professionals South Africa (IITPSA), Thabo Mashegoane, has been elected as Chairman of the Africa ICT Alliance (AfICTA).
Formerly the Vice-Chairman of AfICTA, he succeeds Engr. Hossam Elgamal from Egypt to become the third Chairman. AfICTA, a private sector-led alliance of ICT Associations, multinational corporations, companies, organisations and individuals in the ICT sector in Africa, aims to fulfil the promise of the digital age for everyone in Africa by encouraging dialogue and fostering ICT enabled development.
During an electronic election at the AfICTA Annual General Meeting on 25 November, Mashegoane was elected chair, while IITPSA Past President and Non-Executive Director Ulandi Exner was also elected AfICTA Vice-Chair for Southern Africa.
The election named the following board members and officers: Paul Rowney, Deputy Chair; Opeyemi Onifade, Treasurer; Dr. Waudo Siganga, Vice-Chair for East Africa; Engr. Assem Wahby, Vice-Chair, North Africa; Adetola Sogbesan, Vice-Chair, West Africa; and Eric Sindeu, Vice-Chair, Central Africa.
Thanking his predecessors for their service and leadership in the Alliance to date, Mashegoane noted that AfICTA was an organisation with a vast network, impact on critical policies, and reputation that took years and hard work to build. “Mine is to take the baton and continue where the honourable Engr. Hossam Elgamal has taken this organisation to. Of importance is the platform to enable African countries to collaborate and share best practices and lessons learnt with an objective of not leaving anyone behind in development. This is a vision we will continue to uphold. We stand in a critical position to influence attainment of Sustainable Development Goals 2030 through ICT.”
Speaking after the election, Mashegoane said digital inclusion and ICT-enabled development was also a key mission for the IITPSA in South Africa. “The IITPSA shares the vision and ethos of AfICTA. IITPSA has also stated that we need to step up efforts to achieve the goals of the 2030 Agenda for Sustainable Development, which, among other things, seeks to bridge the digital divide and harness technology to address major global challenges such as poverty, climate change and conflict, we need to work harder. At IITPSA, we believe this means we have to collaborate across industries, across countries, to deploy the benefits of ICTs for the good of all,” he said.
Legacy Global Summit 2020: Positioning Africa for profitable partnerships
The premiere edition of the Legacy Global Summit organised by Legacy Premier Foundation held on the 5th and 6th of November 2020. The virtual event hosted business leaders, investors, educators and distinguished men and women from different sectors and works of life as they shared practical insights on several topics.
The conference, through panel discussions and plenary sessions, focused on nurturing and strengthening long term business relationships between US and Africa, opening up channels of sustainable business opportunities, supporting growing African businesses, fostering mutual business interests, and building a formidable ecosystem of trade and investment, that will enhance ease of doing business between the United States and Africa.
Day 1, Thursday 5th Nov. 2020
The event kicked off with the opening remark by Dr. Remi Duyile, Founder of the Legacy Premier Foundation and the convener of the conference. She stated the importance of intergenerational collaboration and partnership and how the future of Africa must be preserved. She spoke about her faith in the future of Africa and highlighted the possibilities of greater outcomes as regards to trade and investment in Africa.
Special remarks to the six continent participants was followed by John C. Wobensmith, Secretary of State of Maryland , USA
The opening remark was followed with a brief orientation of the virtual teleconferencing platform by Dr Wendy Brisley Executive Director of M3Linked , and a SUPER networking session by Dr. Richard Kaye from CEO space International.
Brian Castleberry, the Regional Manager – Middle East, Africa & India Office of International Investment and Trade moderated the first panel session titled “Doing Business In The UAE” which had business personalities from Dubai – Sheikha Abdulla AlNuaimi, Executive Director of Marketing and Sales Ajman Free Trade Zone UAE and Arshi Zaveri, CEO TrustwithTrade Group as panelists.
They highlighted the possibilities of doing business in the UAE and also mentioned that there are no barriers to foreign investments from diverse sectors. Sheikha Abdulla AlNuaimi pointed out that the creation of the free trade zone has become one of the biggest drivers for business growth in the UAE. In response to the question of gender inclusion in the business community of the UAE, Arshi Zaveri stated that the leadership of the UAE has ensured that women-owned businesses are supported and women are welcomed even in executive positions.
The second panel session ‘Access to capital’ was moderated by Jeannine Scott, the Founder and Principal of America to Africa Consulting, LLC (A2A). The panelists were: Alan Beard, Roshanda Johnson – Business Development Specialist US International Development Finance Corporation Brian Castleberry, Nicole Woods – Business Development Expert Export-Import Bank of the United States and Femi Akinrebiyo – Global Manager, Upstream manufacturing Agribusiness and services IFC
The discussion was centered around the issues faced by SMEs as regards getting capital for their business or projects.The essence of capacity building for business owners was also discussed in order for businesses to measure up to the requirements of financing institutions.
One of the panelists, Alan Beard, from Interlinks spoke about how important it is for business owners to have high quality financial statements before seeking capital.
Femi Akinrebiyo, global manager IFC enjoined entrepreneurs to know where to go in order to get capital or funds. He mentioned that every financial Institution has specifics, as regards what kind of idea or project they invest in.
Nicole Woods, a business development expert spoke about the role relationships and partnerships play in giving entrepreneurs access to real opportunities. She advised business owners to have a good plan and strategy before meeting with any investor or financial institution.
Rashanda Johnson from DFC stated the willingness of the dfc towards entrepreneurs to scale their business or project.
Jeannine Scott concluded by saying that the ability to be flexible and to move quickly is very important for business success.
The third panel, titled ‘Doing Business in Africa’ was moderated by the Chief Commercial Officer of Mixta Africa, Rolake Akinugbe-Filani. The panelists included: Dipo Adesina, Dr. Olawanle Akinboboye, Esther Dassanou, Hon. Idris Mohammad, and Gregory Simpkins.
The discussion centered on the importance of good government policies and how it affects the flow of business transactions. Each speaker shared their thoughts on the question asked – ‘Is Africa still a choice destination for doing business?’
Esther Dassanou highlighted the fact that Africa has the largest percentage of women entrepreneurs and business owners and she believes Africa is still a choice destination for doing business with opportunities, waiting to be explored.
Dipo Adesina, a serial entrepreneur envisaged the population strength of Africa (which is 1.2 billion people) as a pointer that Africa is still a choice destination for business. He also mentioned that entrepreneurs must continue to look at which continent is constantly growing in population so as to understand where to invest.
Dr. Akinboboye, a business leader in the tourism industry took a step by step approach to highlight the fact that Africa has a 30.2 million square kilometer area with a population of 1.2 billion people.He made his point clear that with all Africa has, Africa is still a choice destination for doing business.
Gregory Simpkins also shared insights on the goal of AGOA to increase Intra-Africa trade, and connect business people together. He mentioned that one of the benefits was the creation of scale.
In between the panelists were standalone global impact thought leaders and influencers such as Dr Arikana Chihombori-Quao , Max Sutherland and Delegate Darryl Barnes who spoke and moved people to action.
The “Public-private-partnership: A Fundamental Key To Developmental Growth” panel session engaged participants and co-speakers on the wide range of discussions, from international public-private partnerships to foreign investments in the African continent. Moderated by Shavon Smith, Principal, the SJS Law Firm, the session was an eye-opener to foreign partnerships and global business opportunities available for African business owners, as well as possible limitations. The panelist drove their points home by highlighting a few key factors influencing the Public-private-partnership ecosystem globally, amongst which are local and international policies, leadership, market accessibility, local talent and public perception.
Special remarks were also made by the State Attorney for Prince George’s County, Aisha N. Braveboy, the U.S. Representative for Maryland’s 4th Congressional District, Congressman Anthony Brown and Honorable Darryl Barnes, the Representative of the 25th Legislative District in the Maryland House of Delegates.
Friday, 6th November 2020
The second day of the event kicked off with a presentation on ‘Sustainable Ecosystem for African businesses’ by Guest Speaker Otunba Bimbola Ashiru, former Commissioner of Commerce and Industry and Director of O’DUA Investment Company Limited
He highlighted the potentials of the African market and laid emphasis on the fact that Africa is recognized as the next business hub waiting to be harnessed. “A bright light shines on the African tech ecosystem” said Otunba Bimbola.
The event continued with a Guest session anchored by as Dr Menna Demessie who spoke on the topic “Leveraging Policy and Policymakers for International Trade Relations”. Dr Menna extensively impressed the need for business owners, particularly the locals to get accustomed to the policies and laws – local, state, federal and international – that would help facilitate ease of doing business.
Hon. Aisha Braveboy
Honorable Aisha Braveboy, earlier in the event, gave a special remark acknowledging the great work done by Dr Remi Duyile, the convener of the program. She expressed in joy in the vision of the Summit, wholeheartedly, and appreciated the Speakers and participants who availed themselves on that day. Honorable Aisha also anchored the graduation ceremony of the HERISE Global Internship program.
The first panel for the day came up shortly after Dr Menna’s session. Tagged “Going Global: Understanding International Trade and Development,” the session featured Global thought leaders from various works of life namely; Tisa Clark, President, J.D. Clark Professional Services, L.L.C. (JD Clark); Don Williams, President and CEO of Princeton Healthcare International; Dr Kamaladevi Baskaran, Head of Industry Relations & Faculty, Department of Management & Commerce, Amity University, Dubai; Denise Cortês-Keyser, Entrepreneur, Motivational speaker, Finance and Investments Adviser Founder, DCK GLOBAL. Dr Kavita Kapur, an Assistant Professor at the College of Business, Bowie State University moderated the session.
The panel discussions was deeply engaging, as conversations centered on cross-disciplinary collaborations and partnerships, exploring global talent exchange, international trade processes and attracting the right investments/investors.
Mrs Toyin Sanni, CEO, Emerging Africa Capital spoke on the “Women Empowerment through Trade and Investment” She approached the topic keenly from her experience as a Financial Markets Expert and Gender Leader. Mrs Toyin, during her session, highlighted the importance of creating opportunities for women, as they are responsible to many grass root business establishments on the African continent. She went further to propose key solutions that could help promote gender empowerment and parity across the continent. Education, easy access to funding, and promotion of gender equality were some of the key solutions she mentioned, with the promotion of gender equality on the very top of that list.
Afterwards, Denise Cortês-Keyser gave an expose on The African Union’s African Continental Free Trade Area (AfCFTA) uncovering key details on the scope of the agreement. She touched on historical data, the vision of the trade agreement which is to allow free access to commodities, goods, and services across the continent; and the current number of countries who have both signed and approved ratification of the AfCFTA Agreement – which currently stands at 30 countries, as at the time of her session. Denise stated 2 major issues posing as bulwarks to the AFCFTA. Issues such as unified trade policies and markets, cultural gaps, and manufacturing pose a great challenge to the implementation of the agreement. She further suggested seven namely: trade finance, trade facilitation, and trade policy, trade related infrastructure, trade information, productive capacities, and a factor market integration.
Victory Oluwasegun, CIO of Jamborow and COO/Co-founder of SpringPort Technologies moderated the next panel session ‘Generational Bridge-Building for Emerging Leaders and Entrepreneurs’ with panel members: Josephine Agbeko, Dayo Israel and Lara Abiona.
They addressed critical issues that stand as barriers between different generations. They highlighted the fact that all generations have something to offer and more would be achieved if each generation can leverage their strengths, and collaborate instead of compete.
In response to a question on the challenges of intergenerational gap, Josephine Agbeko described the younger generation as a set of people who will always ask “why” and sometimes such characteristics might be in contrast with the perception and attitude of the older generation and vice versa. She affirmed the importance of collaboration between generations. Lara Abiona also affirmed that the younger generation are willing to provide answers for their future. Victory Oluwasegun chimed in with the phrase ‘In the long run it’s not what we do that matters but why’.
The ‘Diplomatic Round table session’ followed immediately, anchored by Dr. Lawrence Mcneil the Dean of Bowie University. The panel members were Lawrence Manzi, Amb. Pradeep K Kapur, and Kayode Alabi.
Amb. Kapur, while speaking on trade and investment stated the impact Africans in Diaspora can have on Africa if they decide to build and invest in Africa. He acknowledged the achievements of Africans in Diaspora in different sectors and suggested that it’s important that Africans in Diaspora begin to create a legacy in Africa as their heritage.
Also Mr. Lawrence Manzi highlighted 3 pillars responsible for the growth of Rwanda – Unity as a people, Accountability and thinking big.
Mr. Kayode talked about the efforts made by the Kwara State Government in Nigeria as regards trade and investment in different sectors
The last panel session was titled ‘Entertainment: Tool for Nation Building’. The session was moderated by Kemi Ajumobi with Rozina Negusei and Audi Maikori as panelists
During the session the successes and achievements of the entertainment industry in Africa and the global impact was highlighted.
Audu Maikori talked about how African content enjoys more streaming and downloads from international audiences.
Rozina Negusei also mentioned that African entertainment is now the best next thing after playing soccer drawing the attention of music lovers worldwide.
The two-day event ended with an Award session, launch of the ‘Legacy Colossus Coaching for women and also the ‘Legacy Global Network’ – a platform to connect global entrepreneurs and business leaders that will serve as an engine of growth for emerging leaders.
The summit will ultimately impact business interactions between nations, creating a bridge for investors and entrepreneurs to meet and create innovative value. The 2021 edition is scheduled to hold in the UAE.
Eksab Raises $500,000 Investment for its Daily Fantasy Sports Platform
Eksab co-founder and CEO, Aly
Mahmoud (Source: Eksab)
Cairo, Egypt: Eksab, the leading Daily Fantasy Sports (DFS) platform in the Middle East and
Africa, announced an investment of USD $500,000 from 4DX Ventures as well as other
strategic investors within the international sports and entertainment ecosystem.
“Daily Fantasy Sports and monetized competitions are a multi-billion dollar a year industry in the US,” said Co-Founder and CEO Aly Mahmoud. “Our goal is to become the premier sports entertainment company in the MEA region by offering exciting Fantasy Sports competitions as well as highly engaging local sports content.”
With over 1 billion football fans across the Middle East and Africa, Eksab’s goal is to make every match more exciting. Users sign up to the platform at www.yallaeksab.com, join both
free and paid competitions, make predictions on live international football games, collect
points based on the accuracy of their predictions and then get rewarded with prizes or cash. “We’re bringing the FanDuel and DraftKings model to the world’s largest football market,” continued Aly Mahmoud.
With the investment from 4DX Ventures, Eksab plans to scale its product to the millions of football fans in the region with the goal of launching its first paid competitions over the next year. Peter Orth, Partner at 4DX shared – “We see the region as one of the most exciting and underserved markets for a sports entertainment platform. We’ve been really impressed with Aly’s vision for a next generation and technology driven platform that is also highly tailored to local fans and their preferences. We’re excited to be on this journey with Aly and the rest of the Eksab team.”
“Our ultimate goal is to provide an unmatched daily source of entertainment, engagement
and content for the region’s football fans” highlighted Aly Mahmoud.
“There has never been a more exciting time to be a football fan in the Middle East and Africa. Over the next year, we plan to work with a select group of partners to make the experience even more immersive. We’re excited to have 4DX with us on this journey.”, added Aly
Issued by Eksab
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