Cheng & Cheng reveals the importance of balancing interests of HKIRD in Transfer Pricing matter

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HONG KONG SAR – Media OutReach – 14 September 2022 – After implementing Transfer Pricing Law for a few years, Hong Kong Inland Revenue Department is now ready to impose more Transfer Pricing Audit on Hong Kong Tax Payers and request taxpayers to prepare and submit Transfer Pricing Documentation. Cheng & Cheng Taxation Services Limited (“Cheng & Cheng Taxation”) will further reveal the importance of balancing interests of HKIRD in Transfer Pricing, with the below discussion areas:

  • two common scenarios when the IRD carries out transfer pricing adjustment in Hong Kong;
  • the penalties of lacking proper documentation; and
  • the reasons of preparing benchmarking studies.
    (henry.kwong@chengtax.com.hk) or phone (+852 3962 0114).

    MTN Foundation: Bridging Employment Gap By Investing In Youth

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    MTN Foundation: Bridging Employment Gap By Investing In Youth

    Odunayo Sanya, Executive Secretary of the MTN Foundation, states that the Foundation is committed to youth development and the development of entrepreneurial skills in order to bridge employment gaps in Nigeria. She made the remarks during a panel discussion at the 7th annual Project Management Institute (PMI) Africa conference, which was held at Eko Hotels in Lagos.

    Odunayo spoke alongside other experts at the conference, which took place on Tuesday, September 13th, 2022, including Josh Adler, Executive Director of the Anzisha Prize; Laura Davidson, Social Impact Manager, Project Management Institute (PMI); Peter Wander, Principal Corporate Services & Communications, Mount Kenya University Foundation, and Professor Yakubu Ochei, Secretary General of the Committee of Vice-Chancellors of Nigeria.

    Odunayo said of MTN Foundation’s investment in education and entrepreneurship, “We at MTN Foundation understand that education is a path.” We believe that formal education has no bearing on innovation. We understand that not everyone has the opportunity to attend formal school. Young people consider their future, gratification, and the job they want to do. As a result, this is critical for us. It became clear to us what we could do to make a difference. That is Nigerian youth development.

    In terms of education, we have the MTN Foundation scholarship scheme, which is primarily focused on STEM. We also offer scholarships to Nigerians who are blind. These are exceptional scholarships, and it is amazing what these young people can accomplish. We also collaborate with our ecosystem partners to train and retrain young people in entrepreneurship. We provide ICT and entrepreneurship training. We have awarded approximately 12,000 scholarships over the years. “At the Foundation, these are some of the ways we combine education and entrepreneurship in the communities where we work,” she said.

    According to the World Bank’s 2021 report, youth unemployment in Nigeria is 19.6%.  Nigeria has one of the highest unemployment rates in Africa.

    The PMI Africa conference is an annual gathering of visionary project leaders, industry captains, and senior government officials to examine the trends and technologies that are transforming how public and private sector projects are delivered. The highly anticipated gathering brings together leaders and businesses from across the continent for three days of discussion, knowledge sharing, and skill retention.

    The 2022 edition, now in its seventh year, is themed “Sustainable Growth for Social Good: Connecting Ideas, People, and Projects.” This year’s conference will focus on enhancing the project economy’s role in promoting sustainable and inclusive growth in the region.

    The North American Preliminary Round of OPPOHack 2022 Will Begin and Empower Global Talents with the Synergy Between Industry, Academia and Research

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    SHENZHEN, CHINA – Media OutReach – 14 September 2022 – ColorOS officially announced that two offline preliminary rounds of the OPPOHack 2022 will be held in North America at Yale University on September 17-18 (EDT) and at the OPPO US Research Center on September 24-25 (PDT), while the online preliminary rounds will be launched simultaneously. The top three of each preliminary round will be granted a “Fast Pass.” Ranking the scores of all the participants in both preliminary rounds, a total of 10 finalists (individuals or teams) will compete for the $40,000 grand prize in the final round. The event aims to build a platform for global makers to exchange and collaborate on innovative technologies, and bring technologies out of the laboratory to transform people’s lives.

    Siju Iluyomade Begins 14th Global Arise Women Conference

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    Siju Iluyomade Begins 14th Global Arise Women Conference

    Its yet another season of a series of humanitarian gestures, with several activities lined up as usual to mark the 14th edition of Arise Women, a non-governmental organization championed by Dr. Siju Iluyomade as a tool of intervention to awaken the consciousness of not only women in the society but humanity as a whole and as well support the efforts of government in cushioning effect of the current socio-economic situation in Nigeria.

    This year’s event has already started with several sensitization programs including the official unveiling of the 14th edition special T-Shirts with different designs as well as the revelation of the official theme of the season tagged ‘Appointed To Live’.

    The Convener, Dr. Siju whose passion to continue impacting positively to the upliftment of the downtrodden made past editions of the event to be successful despite the financial constraint, is again poised to make sure all activities proposed for the 2022 season are achieved.

    The initiative, which has always been experienced by thousands of individuals including prominent Nigerians and internationals in business, politics, entertainment, and the vineyard of the Lord regardless of faith or religion, has been witnessing tremendous anticipation this year.

    According to information made available to us by the organizers, this year’s main event will kick off with the Arise Golf Tournament on Friday, October 7 at the Lagos Ikoyi Club and it is expected to Tee-Off by 7 am.

    This is a new initiative to sensitize prominent Nigerians who are into the sport to support Arise in navigating several humanitarian projects proposed in assisting the less privileged in the country.

    The Yearly health-awareness Arise Walk for Life will follow up on Saturday, October 15th, 2022 globally and it will commence at 7:00 am in over 50 clusters across different African countries, including the United Kingdom, United States of America, Canada, and Australia, and several European countries.

    Each cluster will be having a minimum of 25 persons amongst whom are influencers and celebrities.

    Later in the Month of October, there will be Skills Acquisition programs in different fields, including Hairdressing, Catering, Computer Training, Soap & Cream Making among others. The event will culminate with the Arise Women Conference.

    The 2022 Arise Women Conference as usual will witness prominent Women leaders, First Ladies, and top celebrities across the country

    Fidelity Bank Set To Light Up Anambra Fashion Expo

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    Fidelity Bank Set To Light Up Anambra Fashion Expo

    Towards developing the capacity of entrepreneurs in the fashion industry and diversifying Nigeria’s foreign exchange earning capacity, leading financial institution, Fidelity Bank Plc, has announced its sponsorship of the Anambra Fashion Expo 2022.

    According to a statement on the organiser’s website https://anambrafashionexpo.com/ the event is scheduled to hold at the International Conference Center, Awka, Anambra State on Friday, 16 September 2022, and would host over 800 walk-in guests, 35 fashion designers, 100 exhibitors as well as millions of virtual attendees. The theme for this year’s event is, “In Between Time for All Times”, and is designed to capture emerging trends and creativities in the industry and how young talents can maximize them.

    “Across the country, Fidelity Bank is known as the bank that empowers. Whether through the right financial product or non-financial initiative such as our sponsorship of the Anambra Fashion Expo, we are helping our customers and prospects grow their businesses and contribute to the economy.

    “We are pleased with the platform the expo provides us in demonstrating this and look forward to welcoming businesses and guests at the event”, commented Divisional Head, Brand and Communications, Fidelity Bank Plc, Dr Meksley Nwagboh.

    An important part of the expo is the masterclass to be facilitated by Nduka Udeh, Managing Director/CEO of Export and Sell LLC, where attendees would be guided through the process of developing the necessary competence for selling to the international market and earning foreign exchange.

    According to Nwagboh, “As one of the leading banks in the exports space, we felt the need to help attendees at the Anambra Fashion Expo to develop the capacity to compete on the global stage. That is why we are bringing our partner, Export and Sell LLC to walk participants through the nitty gritty of preparing the correct documentation required to export to the United States of America (USA), how to find buyers, how to list products and sell on Amazon, the various licenses needed amongst other aspects of exporting.”

    It would be recalled that Fidelity Bank has championed several initiatives to help local businesses play on the global stage and attract foreign exchange earnings. For instance, its Export Management Programme (EMP), which was launched in 2016 and is hosted in partnership with the Lagos Business School and the Nigerian Export Promotion Council (NEPC), equips participants with requisite knowledge for driving non-oil exports. The bank also launched the CBN RT200 FX Policy Sensitisation series in February 2022 to highlight opportunities for importers looking to pivot to exporting with the aid of the policy.

    Fidelity Bank is a full-fledged commercial bank operating in Nigeria with about six million customers who are serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards and in 2021, the bank won the awards of the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

    Egbin Power Appoints Bounour CEO To Drive Transformation, Energy Transition

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    Egbin Power Appoints Bounour CEO To Drive Transformation, Energy Transition

    The Board of Egbin Power Plc has announced the appointment of Mokhtar Bounour as Chief Executive Officer of the foremost privately run a thermal plant in sub-Saharan Africa that powers over 20 million homes and businesses.

    Bounour’s appointment, the Board said, would accelerate Egbin’s ongoing transformation and propel the company’s energy mix transition towards enhanced environmental sustainability.

    A Sahara Power Group Company, Egbin’s turnaround has trebled from a generation threshold of about 300mw when it was acquired in 2013 to almost 1000mw, following fresh investment in overhauls, technology and human capital. The company has also achieved 670,000kg of CO2 emission eliminated by reducing fossil energy consumption, 14.1% reduction in Energy Intensity of electrical energy, and over 1000 trees planted to safeguard the environment.

    “With an installed capacity of 1320MW, our plan is to expand Egbin’s capacity using a mix of alternative clean energy sources. We are delighted to have Mokhtar join us to sustain our continuing transformation programme and our commitment to bringing more energy to life responsibly, ” said Kola Adesina, Group Managing Director, Sahara Power Group.

    Adesina stated that Bounour would also lead plant optimisation strategies and spearhead the company’s Emissions Reduction and Resource Efficiency targets.

    Speaking on his appointment, Bounour said he was delighted at the opportunity to steer the future of the “iconic African power plant”, noting that his interactions with the Board indicate that “the future holds a firm promise of unparalleled growth and sustained world-class performance in Egbin.”

    Bounour holds a Bachelor’s degree in Electrical Engineering, a Masters Degree in Management and Leadership, Business Administration and International Relations.

    He has worked in Europe for the better part of his career, and prior to joining Egbin Power Plc, Bounour led Fertiberia Spain as CEO of Fertial and thereafter, became Business Development Director for Africa, Middle East and Turkey.

    With 24 years of experience across Africa, Europe and Middle East, Bounour has led multi-functional teams in EPC construction, Operations and Maintenance, Power generation and Fertilizers plants. He is multilingual, being fluent in French, English and Spanish – an attribute that is expected to further propel diversity at Egbin Power which has employees from different nationalities.

    His experience cuts across setting strategic direction for revamping, rehabilitation, and management of change, contracts management, formulation, integration, and auditing with the implementation of effective customer coordination. Others include sales, business development projects, engineering and turnover acceptance policies, procedures and systems management for organizations.

    Egbin’s clean energy commitment manifests in several decarbonizing projects, including enabling its employees to contribute to carbon-emission reduction through daily commuting on the company’s electric buggies, bicycles and scooters, leaving employees healthier and the environment cleaner.

    Jeremy Awori, Appointed By Board Of Directors As Incoming Chief Executive Officer (CEO) Of Ecobank Group

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    Jeremy Awori, Appointed By Board Of Directors As Incoming Chief Executive Officer (CEO) Of Ecobank Group

    Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group , today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy.

    The Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer. The relevant effective dates will be communicated in due course.

    Alain Nkontchou, Ecobank Group Chairman, thanked Ade for his immense contribution during his seven years at the helm of the Ecobank Group as Group CEO. He added that, “Ade can be rightly proud of his success in leading the implementation of the Roadmap to Leadership strategy, navigating Ecobank through challenges, seizing opportunities, and positioning Ecobank for sustainable long-term growth. Ade’s deep knowledge, unrivaled vision, commitment and infinite passion made all the difference. It has been a real pleasure working with him. I count on his continuous support to ensure a smooth transition as we onboard Jeremy Awori as the new Group CEO.”

    “Jeremy Awori is a highly respected leader in the banking industry with significant achievements in his previous capacities. The Board of Directors strongly believes that his drive and strong focus on results will be vital in steering the Group in its next phase” Alain Nkontchou stated.

    Ade Ayeyemi expressed his deep gratitude for the opportunity to lead the Ecobank Group and stated: “It is a privilege to lead an amazing team of Ecobankers in bringing the Ecobank Group back to growth and continuing to realise our commendable pan-African mandate.” He also expressed his commitment to a smooth transition and onboarding of his successor.

    The incoming Group CEO, Jeremy Awori, responding to the announcement of his appointment said: “It is a great honour to be appointed Ecobank Group’s Chief Executive Officer. I look forward to consolidating the transformation of Ecobank, a truly pan-African institution full of talented people, while innovating to create value for all Ecobank’s stakeholders. I am humbled by the opportunity to contribute to the continent’s economic development and financial integration with Ecobank Group”

    Jeremy Awori is joining Ecobank Group following a twenty-five-year long career in the banking industry, with almost a decade leading Absa Bank Kenya Plc as the CEO & Managing Director.

    Before joining Absa, Jeremy held multiple leadership roles at Standard Chartered Bank across the Middle-East and Africa. He brings a wealth of experience, skills, and industry know-how to the Ecobank Group.

    Africa’s Financial Industry Gears Up For Digital Finance Africa 2022

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    Africa’s Financial Industry Gears Up For Digital Finance Africa 2022

    The 2nd annual Digital Finance Africa  is set to take place on the 22nd of September 2022, in Johannesburg. The conference will be hosted by IT News Africa , under the theme; Bridging the gap between the future and the present through digital solutions.

    Following a successful 2021 event, #DFAfrica22  will bring together over 200 local and international BFSI industry leaders, fintech founders, industry regulators and technology service providers, to learn about cutting-edge innovations and engage in dynamic discussions addressing how finance is being redefined by technology.

    This year’s Digital Finance Africa (https://bit.ly/3U6hevK) promises to be a success as it plans to address topics such as central bank digital currencies, RegTech, crypto payments, digital transformation and the cold war-like rivalry between Fintechs and banks.

    Now, more than ever, we must come together and share our stories and find answers to our questions.

    Key topics at the forum will include:

    • Why the future of financial services is digital.
    • How blockchain is rocking the financial world.
    • FinTech vs. Banks – who is winning, or is it not a competition?
    • How analytics beats intuition in customer service excellence.
    • The pitfalls of digital transformation in Finance.
    • Central Bank Digital Currencies: Challenges & Opportunities for the Financial Services Industry.
    • Is South Africa ready for a digital currency, and the legal implications thereof?

    Confirmed speakers for Digital Finance Africa 2022 (https://bit.ly/3U6hevK) include:

    • Tracy Bolton, Chief Operating Officer at SAP.
    • Tamara Mkula, Business Information Security Officer at Nedbank
    • Abe Wakama, CEO at IT News Africa.
    • Shem Kakembo, Managing Director at EFCUG, Uganda.
    • Peter Neubauer, Chief Executive Officer at VIPASO, Austria.
    • Magda Milas, President at Alice in Blockchains, Croatia.
    • Moloti Nkune, Chief Information Officer at MICT SETA.
    • Michelle Beetar, Vice President and Managing Director: MEA at FICO.
    • Sandy Rheeder, CIO at Mukuru.
    • Desiree Reddy, Director at Norton Rose Fulbright.
    • Charles Mutigwe, Associate Professor, Business Information Systems at Western New England University, USA.
    • Ahmed Ali Saleemi, Chief Operating Officer at AFT (Electronic Money Institute), Pakistan.

    How to Participate:

    Join as an attendee (https://bit.ly/3REujLm): Join local and international CxOs, line-of-business (LoB) executives as well as heads of innovation, technology and strategy to discuss the future of digital finance.

    Join us as an exhibitor (https://bit.ly/3xkd9KW): Showcase your technology innovations, projects, and solutions. Put your organisation at the centre of this one-of-a-kind gathering. Find new partners, investors, leads, and opportunities.

    Join as a sponsor (https://bit.ly/3BcUkdt): Showcase your brand and present your technology solutions to a select audience. Position your organisation at the forefront of digital finance.

    Pitch AgriHack 2022 Announces Winners

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    Pitch AgriHack 2022 Announces Winners

    African agritech innovators from all four corners of the continent claimed victory in the 8th edition of Pitch AgriHack. The 2022 competition saw a 30% increase in completed applications with entries rolling in from 37 African countries.

    Representing Egypt and Tunisia in the north, Zimbabwe in the south, Ghana and Nigeria in the west, and Kenya in the east, six youth-led agribusinesses have been awarded their share of US$45,000 to invest in the growth of their ventures.

    The winners had a chance to present their businesses to delegates at the African Green Revolution Forum (AGRF) where they participated in Africa’s biggest agribusiness match-making platform, the AGRF Agribusiness Dealroom (https://bit.ly/3eJahk2). Over 800 companies, 15 government delegations and 150 public and private investors convened at the Dealroom to generate exciting new opportunities. “Pitch AgriHack is about creating impact through investment in the young agritech entrepreneurs of Africa.” said Mumbi Maina, Agribusiness Dealroom Lead at AGRA. “Beyond the prize money, we seek to catalyse relationships between our finalists and future collaborators and investors. These are the relationships that will revolutionise the food system.”

    Competing in three open competition categories – Early-stage, Mature- or Growth-stage, and Women-led – the Pitch AgriHack winners and runners-up were allocated cash prizes of $10,000 and $5,000 respectively. A fourth invite-only category known as the AYuTe Africa Challenge (https://bit.ly/3DfWcoH), an initiative of Heifer International, will award grants up to US$1.5 million later this year to scalable ventures that are already generating measurable impact for Africa’s smallholder farmers.

    In 2022, the AYuTe Africa Challenge is expanding its role as an African agritech accelerator. New national competitions in Ethiopia, Kenya, Nigeria, Rwanda, Senegal and Uganda are offering young innovators a chance to secure the funding and visibility to scale their ideas and ambitions.

    For the second year running, Heifer International, the AGRF, and Generation Africa worked together to realize this popular technology competition. “We at Heifer International believe that youth and innovation are the driving force toward transforming the food and farming sector in Africa,” said Adesuwa Ifedi, Senior Vice President for Africa Programs at Heifer International. “Leveraging technology, youth have the potential to unlock economic growth, create job opportunities for millions and empower smallholder farmers into self-reliance. We are excited for the future of Africa’s agriculture and the role innovators like these play in shaping it”.

    Automated crop disease detectors, agri-fintech solutions for smallholder farmers, digitizing of community seed banks, and market linkages combined with climate-smart training and satellite yield mapping are only a few of the ideas that came out of this year’s Pitch AgriHack competition. These African agritech innovators are building more comprehensive solutions to solve problems for smallholder farmers.

    The Pitch AgriHack 2022 Winners are:

    Early-Stage Winners:

    Winner: Imen Hbiri of RoboCare in Tunisia.

    Robocare’s patented multispectral disease detector is minimizing pesticides and boosting efficiency by helping greenhouse farmers in Tunisia catch and treat infections long before human eyes can even see it https://www.RoboCare.tn/

    Runner-up: Donald Mudenge of Mbeu Yedu in Zimbabwe.

    Mbeu Yedu understands that seeds are currency. Their platform digitizes Community Seed Banks to give smallholder farmers access to greater seed-varieties, accurate planting information, agri-fintech products, value-added services, and buyers https://MbeuYedu.com/

    Mature and Growth-Stage Winners:

    Winner: Hamis El Gabry of Mozare3 in Egypt.

    Mozare3 is an agri-fintech company that connects small farmers in Egypt to the agriculture supply chain. Their model combines contract farming, agronomic support, financing and market access to increase yields and income https://www.Mozare3.net/

    Runner-up: Allan Coredo of FarmIT in Kenya.

    FarmIT innovatively combines crop mapping and market linkages to help Kenya’s vegetable farmers. They use satellite imaging, analytics, and AI to provide simplified agronomic advice, and link farmers confidently with big buyers with accurate yields predictions https://Farmit.co.ke/

    Women-led Agribusiness Winners:

    Winner: Esther Kimani of Farmer LifeLine Technologies in Kenya.

    Farmer LifeLine helps Kenyan farmers to get ahead of pests and pathogens with a proprietary disease detection device that leverages solar-powered cameras, Artificial Intelligence, Data Analytics, and Machine Learning. http://www.FarmerLifeLine.co.ke

    Runner-up: Anaporka Adazabra of Farmio in Ghana.

    With their Smart Greenhouse package, Farmio guarantees a 120% increase in productivity for Ghana’s farmers. Their SuperApp connects growers with investors, buyers, consumers, agri-experts, and service providers. http://www.Farmiogh.com

    The achievements of the Pitch AgriHack winners were recognised at a Winners Showcase and Innovators Discussion Panel at the AGRF Summit. “Africa’s youth are bursting with ideas. They are hustling hard to turn dreams of stability and prosperity into a reality for themselves and their communities. For many of them it feels like the chance they need is just beyond reach. All they need is a friend to help them take a step towards self-sufficiency,” said Amanda Namayi, GoGettaz Lead at Generation Africa during the event.

    “Our goal is to catalyse impact,” said Dickson Naftali, Head of Generation Africa at the Pitch AgriHack Winners Showcase and Innovators Panel at the AGRF Summit. “All of the people on stage today are making the business of farming easier, more productive, and more predictable for smallholder farmers. They are the front line in our food systems revolution.”

    Of the businesses applying for Pitch AgriHack, 20% are mature- or growth-stage businesses and almost 80% are early-stage startups. This is partly due to the youth demographic of the competition. Looking, however, at other research sources, as discussed in the 2022 Generation Africa Call to Action (https://bit.ly/3BvNDVt) released prior to the AGRF Summit, it is evident that there is a need for more financing and investment options for early-stage startups in Africa’s agriculture space. Many of the agritech innovators who reached the Pitch AgriHack finals have identified this problem and have financing options built into their offerings.

    From the various Generation Africa programs, it is evident that Africa’s biggest economy, Nigeria, also has the largest number of activated youths pursuing opportunities in the agriculture sector. Forty-four percent (44%) of the entries for Pitch AgriHack come from Nigerian entrepreneurs. Other top countries applying for the competition were Africa’s tech-trendsetter Kenya, followed by Uganda, Ghana, and Rwanda.

    Pitch AgriHack was fortunate to welcome back three veteran judges from the previous panel:

    They were joined by new additions:

    Cellulant Partners With Orange Money To Power Card To Wallet Transfers For 8 Banks In Botswana

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    Cellulant Partners With Orange Money To Power Card To Wallet Transfers For 8 Banks In Botswana

    Orange Money, the mobile money service of Orange and leading Pan-African payments company, Cellulant (www.Cellulant.io), have launched a partnership to enable card-to-wallet transfers for 8 banks in Botswana.

    The Orange Money Card-To-Wallet service  in Botswana enables customers to transfer money online from any bank account to an Orange Money wallet. The Orange Money Card-To-Wallet service is available to all Orange Botswana customers with bank accounts, allowing them to instantly send money to any Orange Money wallet regardless of who they bank with. The sender does not need to have an Orange Money account; they are only required to have a registered Orange sim card, while the recipient needs an Orange Money wallet.

    This partnership enables customers to move funds from their bank accounts through their cards straight into their Orange Money wallets. While most banks in Botswana have Mobile apps, a few still do not provide this option for their customers. This solution will now allow bank customers to move money from their bank accounts to their Orange Money wallets through the Orange Botswana website, a process that is powered by Tingg. This applies to both the banks that have apps and those that do not.

    The partnership further solves for the long queues that customers have to make to access the agents. This solution, therefore, gives bank customers more options and as a result, customers experience ease and accessibility in moving money seamlessly.

    Customers can also buy airtime and access other MNO services using their Visa or Mastercard debit and credit cards through Tingg (www.Tingg.Africa). By leveraging its vast networks, Orange Money will enable customers with bank cards from all 8 banks in Botswana to move money from their cards to any Orange Money wallet at the touch of a button.

    “This service affirms our commitment towards contributing positively to the growth of the informal and financial services sectors. The introduction of Card-To-Wallet aligns with our financial inclusion strategy that is centred around providing relevant and convenient solutions that address our customers’ everyday needs, as well as addressing our priorities around placing our customers first! “said Orange Money CEO, Seabelo Pilane

    Cellulant’s payments platform, Tingg (www.Tingg.Africa), which integrates 211 banks across Africa, is a one-stop payments aggregator for multinational corporations, mid-caps and small and medium enterprises (SMEs). Tingg enables merchants to receive, view and reconcile all their payments via a single platform or through their system by integrating Tingg’s Application Programming Interfaces (APIs), cutting out the need to sign up for multiple payments providers as well as, in the case of mobile money, mobile network operators (MNOs) and banks.

    Tingg’s uptake across Africa is in high gear, with products like in-store payments which leverage mobile money and mobile banking as payment methods through USSD and QR Codes. This streamlines business administration processes for merchants while expanding the range of payment options they can offer to customers, ensuring maximum choice and flexibility both offline and online.

    “Africa accounted for 70% of worldwide mobile money transaction value in 2021. Instant digital payment solutions have significantly increased across the continent in recent years. Tingg by Cellulant is at the frontline in ensuring that digital financial solutions are available across the continent. Cellulant has been in Botswana for over 11 years now as a technical solutions partner providing digital banking & value-added services to the banks in the country. We are pleased to partner with Orange Money Botswana to power payments for their Card-to-Wallet service. This is in line with our strategy to extend our services to merchants in Botswana with a view of helping them digitise their payments.” says Bathusi Beleme, Cellulant Botswana Country Manager.

    This partnership has allowed Orange to increase their digital cash-in reach to 100% as they were previously only open to Absa and Standard Chartered Bank through the Bank to Wallet product offering. In addition, customers can also purchase airtime, data and voice bundles using their Visa cards.

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