Verdant Capital Hybrid Fund Completes Its first investment, In Watu Credit Uganda Limited

0

Verdant Capital (www.Verdant-Cap.com) is pleased to announce that its Verdant Capital Hybrid Fund (the “Fund”) has made its first investment, in Watu Credit Uganda Limited (“Watu”). The investment of USD 7 million will help Watu expand its footprint of two-wheeler financing throughout the country.

This represents an important milestone for Watu in Uganda, it’s second largest market after Kenya, where the business was first established in 2015. In addition, Watu is expected to benefit from initiatives supported by the Fund’s technical assistance facility.

Watu is one of Uganda’s leading asset financing companies, specifically for two-wheelers. The business model accommodates and creates opportunities for the unbanked and financially underserved population. Watu’s operations are backed by the strong use of technology, including automated processes, GPS tracking tools for the motorbikes and the exclusive use of digital payments via mobile money wallets.

The Fund’s investment will provide Watu with more capital to finance motorbike taxis across Uganda. These motorbikes are usually the principal source of income for the riders. Watu’s business model provides an affordable route for riders to attain financial stability, the ability to participate in the economy and, in many cases, the first opportunity to have tangible wealth in the form of ownership of a motorbike.

The Fund’s subordinated debt investment will strengthen Watu’s balance sheet and help “crowd-in” more senior debt funding to further grow its balance sheet. The Fund was attracted by Watu’s business model aligned with the Fund’s mission to use its capital to empower “base-of-the-pyramid” clients, while benefiting from fundamental credit risk mitigants.

The Verdant Capital Hybrid Fund is a USD 100 million fund (target final closing). The Fund is targeting high developmental impact, including job creation and income generation through SMEs and micro-entrepreneurship.

The Fund is investing hybrid capital and subordinated debt instruments into inclusive financial institutions on a pan-African basis. The Fund is targeting specialist banks, microfinance institutions, leasing, and factoring companies, fintech and other non-bank financial institutions. A strong focus will be to ensure that the investments comply with high environmental and social standards.

Education And Office Investment To Propel Middle East And Africa Stationery Market Close To US$13 Billion By 2028

0

The future is bright for the Middle East & Africa’s stationery market, with a new report predicting the sector will achieve annual growth of 3.2 percent over the next six years to reach a regional record worth of US $12.93 billion.

The report, by event knowledge partner 6Wresearch, makes for optimistic reading but points to shifts needed if the sector is to reach its full potential with the sustainability of products and supplies a key growth factor.

Growth hotspots

The Middle East will be the region’s strongest performer at a predicted annual 4.3 percent growth, with the UAE and Saudi Arabia being the main driving forces, while Africa’s forecasted 3.1 percent annual growth will be largely propelled by South Africa and Nigeria.

Investment in education is expected to account for two-thirds of the growth, with the remainder attributed to office investment. Growing literacy and the spread of education are pushing the sector forward, but an accelerated adoption of digitalisation could hinder progress. It’s a factor that sector players are advised to heed in forward strategies.

“There is an opportunity for growth, but the increasing adoption of technical devices in schools and colleges means manufacturers of stationery products and office supplies need to remain responsive to industry needs and carefully manage their supply base,” said Syed Ali Akbar, Show Director of Messe Frankfurt’s Paperworld Middle East, the region’s largest international trade exhibition for the stationery, paper, gifts, and office supplies industry.

Change checks

Alongside digitalisation lies the rising demand for sustainable products as suppliers have to live up to new client demands for carbon-limiting supplies and distribution chains.

“These are genuine issues that are here and now, and we have reimagined the role of Paperworld Middle East to address these issues,” explained Akbar. “The show is now also a knowledge-sharing forum and an ideal space to network, share ideas, source new products and discover innovative solutions that are sustainable, promote efficiency and productivity, and are cost-effective.”

When the 2022 show opens its three-day run at the Dubai World Trade Centre on November 15, it will find an expanded product showcase encompassing office and school supplies but also festive decorations and brandable merchandise.

Office stimulants

Yet in an ironic twist, the growth in office investment, stimulated by tech start-ups regionwide, could help offset the impact of digital adoption.

Office space requirement is rising sharply in Nairobi and Lagos post-Covid and is exacerbated by demand from Africa’s growing start-up community. 6W predicts Africa’s venture capital investments will exceed US$10 billion in 2025, creating greater demand for stationery products.

In the Middle East, the UAE remains a hotbed of activity with post-Covid demand for office space in Dubai surging to a five-year high amid a huge influx of foreign companies looking to expand or relocate in the country. Office units with a combined 480,000 square feet of space were delivered in the first quarter of this year, bringing the city’s supply to 107 million square feet, all of which is expected to generate demand for office stationery supplies.

The Saudi factor

Saudi Arabia also holds out great promise in the commercial office space sector and is actively implementing policies and incentives to encourage international firms to set up shop in the Kingdom.

“It’s estimated that nearly 32 million square feet of office space is being built in the kingdom’s capital to accommodate the multinational corporations relocating to Saudi Arabia,” says 6W research.  “This sudden increase in the number of offices will drive the market for stationery products in the coming years.”

The Saudi government has launched its Program HQ campaign in a bid to attract 500 international corporates to relocate regional headquarters to Riyadh by 2030 and is attracting investors with incentives such as a 50-year tax holiday, waiving quotas for Saudi citizens, and protection against any future regulations. To date, 24 international companies have agreed to establish their regional offices in the Saudi capital, increasing the office space demand and positively impacting the stationery market.

Sustainability

On top of changing regulations within leading jurisdictions, the regional industry must also factor in increasing demands for sustainability credentials for products and services. For the second year running, Messe Frankfurt Middle East has introduced a special Project Sustainability area into Paperworld Middle East where exhibitors’ environmentally friendly products feature along with their ‘eco-credentials.’

“This is a clear sign of the times and one which the entire industry is actively engaged in,” added Akbar. “This is now an era where the sector has adopted an approach that goes well beyond paper thereby ensuring a sustainable future.”

More information is available at: www.paperworldme.com

Naira Falls As Reserves Fall To $38.8 Billion

The naira depreciated last week after reaching N640 to the dollar in the parallel market, as the country’s external reserves were depleted by $211 92 million in the first 11 days of August.

The reserves, which had risen to $39.444 billion as of July 18, 2022, had been on the decline since dropping to N39.093 billion on August 1st, 2022, before falling further to N38.881 billion on August 11th, 2022.

Across the markets, the naira fell by 0.3% at the Investors’ and Exporters’ window, where it sold for N429.63 to the dollar. On the parallel market, the naira fell 2.2% to N675 per dollar, widening the gap between the two markets by N246.

The I&E window saw a 38% drop in weekly turnover, which stood at $325.6 million as of Thursday last week, with trades consummated within the N415 and N444 to the dollar band.

The naira depreciated -0.1% to N429.51 and -0.6% to N482.24 to the dollar in the Forwards market, but appreciated 0.1% to N438.51 and 2.0% to N452.24 to the dollar in the 3-month and 6-month contracts, respectively.

Meanwhile, analysts predict that liquidity will remain tight this week due to the expected bond issuance. The August 2022 FGN Bond auction is expected to take place today, Monday, August 15, 2022, at the Debt Management Office (DMO).

According to Cordros Research analysts, the N100 billion inflow expected from OMO maturities may not be enough to offset the outflows from bond issuance as well as the CBN’s OMO and forex auctions.

The DMO will offer instruments worth N225.00 billion at the auction, including re-openings of the 13.53% FGN MAR 2025, 12.500% FGN APR 2032, and 13.0000% FGN JAN 2042 bonds. “However, we maintain our view that yields will rise further in the short term, given that the FGN’s borrowing plan for 2022FY and expected fiscal deficit point to an elevated supply.”

Reddington Hospital Launches Bodycare Plastic Surgery Clinic

0

Ahead of an official launch, The Reddington Hospital Group has announced that it has established a Bodycare Plastic Surgery Clinic at the Hospital in Victoria Island, Lagos.

The new centre is the result of a collaboration between The Reddington Hospital Group and Abuja Plastics, a renowned plastic surgery centre in Nigeria. This collaboration, combining an internationally accredited hospital with a renowned, international Plastic Surgery team with an impeccable safety record and unrivaled expertise is the first of its kind in Nigeria.

Speaking at a media briefing at the Reddington Hospital Group headquarters in Lagos, the Chief Operating Officer of Reddington Hospital,  Mr. Emmanuel Matthews said the establishment of the Bodycare Centre was in response to the yearnings of  discerning members of the public for a professional, affordable, high quality and world class plastic surgery clinic  in Nigeria and reduce the foreign exchange spent by Nigerians on medical tourism to India , United Arab Emirates,  United Kingdom, among other countries.

Medical Director of  Bodycare Plastic Surgery Clinic and Founder of Abuja Plastics, Dr. Stanley Okoro said   the cutting edge medical technology and very qualified staff currently at Reddington Hospital provide a perfect synergy between Reddington and Abuja Plastics to make the Bodycare Plastic Surgery Clinic a plastic surgery destination for Nigeria, Africa and the world.
Dr. Okoro has flourishing plastic surgery clinics in Nigeria and  Atlanta, Georgia, United States of America and  has extensive experience in all areas of plastic surgery. He has won many global awards. Okoro said plastic surgery is very beautiful and safe if done by a team of professionals in the right environment.

Dr Okoro is supported by a team of plastic surgeons and specialist doctors and nurses. A key member of the Bodycare team is Dr Jennifer Cameron, an experienced Plastic Surgeon from Minnesota, USA. The Reddington Bodycare Centre is co-located with its Breast & Gynae Centre at 276a Kofo Abayomi Street, very close to the Continental Hotel in Victoria Island.

Explaining further , Dr. Cameron who is the Resident Plastic Surgeon said the Bodycare Clinic  offers an extensive range of aesthetic plastic surgery procedures for all areas of the body including face lifts, eyelid surgery, breast augmentation and reductions, buttock lifts, contouring and reduction, Botox treatments and many others including procedures for men such as tummy tuck, waist reduction, etc.
The centre has already accepted its first patient who travelled from the UK for the procedure. The Bodycare team will also provide remedial plastic surgical services as well as reconstructive services, providing solutions for congenital defects such as cleft palate, dealing with the victims of burns injuries and providing other specialist Plastic surgeries.

According to Okoro, there is no need to travel overseas for excellence in cosmetic or reconstructive plastic surgery as the services are very well provided at the Reddington Bodycare Plastic Surgery Clinic.

The Reddington Group which is internationally accredited is well known for pioneering breakthroughs in healthcare in Nigeria which include the first digital Cardiac Catheterization facility in Nigeria, the first angioplasty and stent operation to be performed in Nigeria, the first closure of a hole in the heart in a child using non-surgical modern technology.
The Group has also established a reputation for being in the forefront of advances in the use of medical technology. On three occasions, it has been awarded Best Private Provider in the Nigerian Healthcare Excellence Awards and have also scooped the Nightingale Merit Award for Excellence in Nursing Care Delivery.

The Bodycare Centre is the latest innovation from the pioneering Reddington Hospital Group who have previously opened numerous specialist healthcare facilities, and most recently opened the Duchess International Hospital in GRA Ikeja, an affordable top-quality hospital which in last month successfully operated on the Vice President, Prof. Yemi Osibanjo. They have also broken new ground with pioneering cardiac and laparoscopic (keyhole) surgical procedure

BruHealth’s #BNontheMove – Campaign for a healthier lifestyle to reach 1 billion steps

  • BruHealth’s Billion Steps Together is a campaign that kicked off with a walkathon at Taman Sultan Omar Ali Saifuddien, to encourage the nation towards living a healthier lifestyle
  • Over 12,000 registrations received within 3 days for Billion Steps Together and BN on the Move, a health management plan in BruHealth that went live last Monday, August 8
  • Apart from tracking daily steps, BN on the Move lets users add friends via QR code and links through various social media platforms to encourage and challenge each other
  • Campaign showcases the changing function of BruHealth from pandemic management to health management
  • Physical activity can lead to weight loss, improved glucose tolerance and reduced blood pressure

BANDAR SERI BEGAWAN, BRUNEI –

Third times the charm: OPPO wins again EISA’s ADVANCED SMARTPHONE 2022-2023 AWARD breaks new ground with the EISA IN-EAR HEADPHONES 2022-2023 AWARD

The Find X5 Pro wins coveted EISA award for ADVANCED SMARTPHONE of the Year
The Enco X2 wins EISA award for IN-EAR HEADPHONES of the Year

SHENZHEN, CHINA – Media OutReach – 15 August 2022 – Today, OPPO, one of the leading manufacturers of smart devices in the world, receives two prestigious awards: the “EISA ADVANCED SMARTPHONE 2022-2023” award for the flagship handset, the OPPO Find X5 Pro, and the “EISA IN-EAR HEADPHONES 2022-2023” award for the Enco X2 earbuds. The accolades were presented by the Expert Image and Sound Association (EISA), a coalition of 59 of the most reputable consumer electronics publications in the world.

The OPPO Enco X2 continues to provide premium true-to-life sound quality with its collaboration with Dynaudio. It features a coaxial dual-driver design, often only seen in high-end audio products. It offers an industry-leading noise cancellation capability with a 45 dB maximum depth and a 4 kHz maximum width. The 45dB depth helps you find a quiet corner, no matter where you are – whether at work, on a bus, or even in the air.

Hashtag: #OPPO

About EISA

EISA, the largest independent grouping of multimedia technology specialists in the world, provides a distinctive, global perspective on the consumer electronics industry. The best impartial recommendations for purchasing consumer technology have been offered by the EISA Awards for almost 40 years. The EISA Awards are chosen every year by Expert Groups from 59 top photography, home theatre video, home theatre audio, hi-fi, in-car, and mobile electronics publications and websites in 28 different countries. Working together under the auspices of EISA, the Expert Groups are autonomous but cooperative.

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

Glo @ 19: Celebrating An Indigenous African Brand

0

A lot has changed in the telecoms industry since Globacom birthed in 2003. As it counts down to its 19th anniversary in a few days, the company and its founder, Dr. Mike Adenuga, Jnr, can look back on their chequered and storied journey and give themselves a robust pat on the back, writes Lanre Alfred

Indeed, few magnates refine the merchant tropes of endeavour, like Dr. Mike Adenuga Jnr. Through grit and hard work, he built his octopoidal conglomerate that employs thousands of Nigerians nay Africans in profitable, futuristic endeavours. If Adenuga’s story reads like a business legend, it is probably because he has always been an enterprise stylist.

Adept at combining grit with desire, his life espouses crucial entrepreneurial anecdotes by its metaphor-rich manifestations of his hard work.
At work and at play, Adenuga shifts gear seamlessly between the whimsical and the earnest, demonstrating time and over again his ability to tame challenges and ride out storms – without falling prey to Scylla and Charybdis of cynicism and failure. All in pursuit of glory.

He symbolises the African enterprising spirit of passion, unalloyed commitment, resilience and hard work. Thus he is today one of the most recognisable names on the African continent; sitting atop what is arguably one of the continent’s largest business empires.

When It All Began 

Age 19 is not a landmark anniversary that calls for a rousing celebration. It is, however, for Globacom, Nigeria’s first indigenous telecommunications network, a resounding testament and poignant reminder of its sheer survival skills, tenacity, innovativeness, and resilience in the treacherous Nigerian economy. The company and its founder, Adenuga, have survived several tempests and trials – a hostile economy, harsh government policies, and deliberate witch-hunt, among others – to remain a formidable telecommunications provider.

In the beginning, MTN and Econet Wireless (now known as Airtel) were owned by South African and Zimbabwean businessmen respectively, with vast capital bases. They had operated for two years before Globacom launched, meaning that they had a head start and presumably had already consolidated their hold on the Nigerian market. Then, it was prestigious and elitist to own a mobile phone because a SIM card cost as much as N40,000 while calls were charged at N50 per minute irrespective of the number of seconds the call lasted. The incidence of call-drop was equally very high.

Nigerians were at the mercy of the operators. Not even the government could come to the rescue of its people. To compound the predicament of phone users, the promoters of MTN and Econet told Nigerians with stone-cold remorselessness that Per Second Billing, which was the norm in other countries of the world, was not feasible in Nigeria. They had a field day milking Nigerians. More so, there was no competition. What could have passed as the competition was the federal government-owned MTEL, which would soon gurgle and burp to its demise.

Breaking New Grounds in Mobile Telephony

Adenuga had declared then that the vision of Globacom is to build the biggest and best network in Africa. The company launched with all guns blazing. Soon, Globacom crashed the price of SIM cards – selling at N500. Nigerians were stupefied; oblivious that there was more where that came from. Then, it introduced the Per Second Billing, which MTN and Econet had claimed was impossible for the Nigerian market. This move by Globacom would force the other telecom operators to also introduce the PSB. Consequently, this began the revolution that made mobile telephony not just an exclusive preserve of the privileged and well-heeled but, a necessity for Nigerians of all ages from the North to the South and everywhere in between. Globacom, a Proudly Nigerian company with the well-being of Nigerians as the core of its business principle, had come to stay.

From its early days, Globacom had always defied market odds to delight Nigerians. The company launched a slew of futuristic products and services such as being the first to offer 2.5G when others were on 2G, MMS, international SMS connectivity to over 804 networks in 174 countries, BlackBerry solutions, international prepaid roaming, voice SMS, personal ringback tunes, and Magicplus.

 

In 2010, the company stupefied Africa when it launched the Glo 1 submarine cable, a 9,800km cable stretching from the UK across West Africa with landing points in Nigeria, London, and Lisbon, and connecting different countries to the rest of the world. It was launched to provide tonnes of terabytes of data per second to West Africa and many European cities. In addition to boosting the provision of services to telecom end-users, the facility is currently providing much-needed connectivity to vital sectors of the economy such as oil and gas, manufacturing, banking, commerce, education, and health among others.

 

In recent years, Globacom has played a major role in the country’s march to a digital future by introducing a range of customised and community-driven voice and data connectivity solutions that help to manage complex networking systems. Globacom also provides secured as well as verticalised IT solutions such as E-Health, Smart Cognitive Learning, Smart Energy, Industrial IoT, and Cloud Applications.

These solutions are particularly useful for collaborations, device management, workgroup storage, and information security among others. Its fixed connectivity and voice products such as Boost and Next Generation Bandwidth-on-Demand connectivity, SIP-based voice trunk, and telephony, further enhance the company’s capacity to deliver advanced connectivity and fixed voice solutions to medium and large enterprises, large wholesale carriers, and ISPs in Nigeria and Africa.
In the last two years, Globacom has been carrying out an aggressive roll-out of network equipment and upgrade of its sites to 4G-LTE. This is intended to offer high speed and quality data experience to millions of Nigerians on the Glonetwork. The process covers the entire scope of telecoms infrastructure upgrade from the core network to access network, transmission and IP network, fibre network metro access and backbone infrastructure and passive equipment expansion like power and environment.

It also involves the rollout of new sites to increase network coverage in areas that need improvement and to also densifyand ease off already congested areas. This ultimately improves customers’ network experience and satisfaction in terms of service delivery, network quality, and coverage.

On completion of these projects, Globacom will have enhanced capacity to continue to provide world class and high-grade voice, data and VAS services to its teeming customers in Nigeria as well as its numerous roaming customers in-bound Nigeria and out-bound in other countries.

 How Glo Shapes Life with Powerful, Anecdotal Commercials

Globacom doesn’t just churn out television commercials to promote its brand and services; the telecoms giant ensures to produce inspiring and ingenious TVCs that portray and project Nigerians and Africans in good light and spur them to achieve their dreams. This it has done again with four new commercials.

Like Mozart’s peerless genius in classical music, Globacom is a leader by streets in setting the pace in producing inspiring and ingenious commercials that have become the high watermark by which other telecom operators are rated. Over the years, Globacom has, indeed, perfected the art of projecting the image of Nigeria and Africa, stoking the patriotic fire in citizens and motivating its teeming youth to reach beyond the stratosphere.

 

Globacom’s Investment in the Arts

The chairman’s love for the arts is intrinsic and invaluable. Perhaps after his passion for business, making money, and philanthropy, appreciation of the arts is next in line. The entertainment industry has featured prominently in Globacom’s Corporate Social Investment (CSI) initiatives on account of Adenuga’s passion for the industry.

Aside from direct financial commitments including massive sponsorships, Globacom currently retains the largest number of key players in the entertainment industry as brand ambassadors while upholding that by actively engaging these key entertainment drivers, they, in turn, can help to grow the sector and the economy. Many entertainers, both established and unheralded, have been blessed immeasurably by this love and patronage.

The Alliance Française, committed to promoting French culture and teaching French as a second language around the world, now has a more befitting building in a choice area of Lagos thanks to the Globacom boss. Since it was declared open to the public in April 2018, the centre, aptly named the Mike Adenuga Centre, has been commanding commendations from far and near; from art aficionados and artists and preeminent Nigerians.

Adenuga loves a good laugh and he loves to share happiness, which is why he has supported and sponsored many comedy shows ranging from Glo Lafta Fest, regarded as the biggest music, dance, and comedy event in Nigeria, which brings top-rated African comedians like like Bovi, Salvador of Uganda, Basket Mouth, Gordons, I Go Dye, 2Cantok, Seyi Law and others together in one place for an evening of unlimited fun and laughter; Glo Slide and Bounce, a traveling music and dance show; and the Bovi man on Fire Lagos and Warri editions, among others.

 

Since it began operations in 2003, Globacom has made home-grown stars from the entertainment industry the faces (ambassadors) of its brand while making them worth their popularity in affluence and influence. At a time when entertainers were being paid peanuts for their artistry, Globacom upped the ante, dishing out millions of naira to their ambassadors, and helping them to live the life they only see in the movies or on MTV.

 

It had also provided massive platforms for Nigerian nay African entertainers to practice their trade through direct sponsorship of concerts such as Glo Campus Storm, Glo Rock ‘n’ Rule’; Glo Slide ‘n’ Bounce; Glo Laffta Fest; Glo Mega Music Nationwide Tour, Dance with Peter, Glo X-Factor, Glo Naija Sings and the popular sit-com, Professor Johnbull. The Glo Battle of the Year Nigeria, the world’s biggest dance reality television show brought to Nigeria by Globacom.

Like Entertainment, Like Sports

Like entertainment, sports also rank very high on the Corporate Social Responsibility activities and investments of Globacom. Over a decade ago, it took over the full sponsorship of the CAF African Footballer of the Year awards. Around the same time, the telecoms giant signed a sponsorship agreement with the Nigeria Football Federation thus becoming the official telecommunications partner and major sponsor of Nigerian national teams. Alongside this, it sponsors the Supporters’ Club in any part of the world where any of Nigeria’s national teams is competing.

Access Bank, Edtech Firms Equip Youngsters With STEAM Skills

0

Foremost financial institution, Access bank Plc. in collaboration with four indigenous edtech companies have channeled efforts and resources towards promoting and inspiring STEAM education among youngsters.

STEAM which stands for Science, Technology, Engineering, Arts and Mathematics education, provides essential 21st-century knowledge to equip students with future-ready skills for innovative and tech-driven workforce.

The bank’s commitment to this cause was further demonstrated as a major sponsor at the 2nd ‘STEAM Fun Fest conference and exhibition’, that held at Landmark event center, Victoria Island, Lagos.

The initiative was birthed through the collaborative effort of Jadesola Adedeji of STEM-MET, Uchenna Onwuamaegbu-Ugwu of Edufun Technik, Titi Adewusi of 9ijakids and Wale Ogunjobi of SabiTeach.

The conference themed, “STEAM: From Classroom to the Real World,” gathered no fewer than 6000 children and led participants from classroom experience to a world of reality in an interactive and fun-filled environment.

Participants from across public and primary schools were equipped with relevant practical skills such as robotics, coding, engineering, design, science experiments, and drone technology to complement their classroom learning.

Featured Masterclasses included seasoned speakers including Tarebi Alebiosu, Founder, QShop Tech Inc.; Nkemdilim Uwaje Begho, CEO of Future Softwares; Hugo Obi, Founder of Maliyo Games, Charles Emembolu, Co-founder of Tech Quest Academy and Anita Odiete, Lead, Customer Success Strategy of Flutterwave, amongst others.

Remarking, Head Sustainability at Access Bank Plc., Omobolanle Victor-Laniyan restated the bank’s commitment to children’s development as a child’s friendly and future-oriented institution.

“We are passionate champions of educational causes and we are pleased to be a lead sponsor of the 2022 STEAM Fun Fest that equipped over 6,000 children who are the next generation, with the skills needed to succeed in the future. We believe that STEAM education is indispensable to the sustained growth and stability of the nation’s economy and in building a workforce that is relevant for the future.”

Speaking on the programmme, one of the organisers and Co-Founder of 9ijakids, Titi Adewusi stated that early exposure to skills and knowledge of STEAM would prepare children to be successful innovators now and in future.

She said, “This is an opportunity to expose children to the future of work as we know that technology is going to account for 75% of future jobs and to ensure that children are aware of this. We must expose them to a world beyond mathematics, English, and science.”

One of the participants, Agnes Adewusi from Alimosho Senior Grammar School commented that the experience was worth the while, adding that she had a detailed grasp of robotics skills and also caught fun.

Sunfert International Fertility Centre in Malaysia is ‘Fertility Centre of the Year in Asia Pacific’

JAKARTA, INDONESIA – Media OutReach – 15 August 2022 – Sunfert International Fertility Centre (Sunfert) garnered the ‘Fertility Centre of the Year in Asia Pacific’ title at the recent GlobalHealth Asia-Pacific Awards 2022. This reflects the centre’s steadfast endeavours to provide top-notch service and treatments to its patients at all times.

Your iPhone May Soon Have More Ads

0

Apple could eventually bring ads to more of the apps that come pre-installed on your iPhone and other Apple devices, including Maps, Books, and Podcasts.

According to a report from Bloomberg’s Mark Gurman, Apple has internally tested search ads in Maps, which could display recommendations when you search for restaurants, stores, or other nearby businesses.

Apple already implements a similar advertising model on the App Store, as developers can pay to have their app promoted on a search page for a particular query, like “puzzle games” or “photo editor.” As noted by Gurman, ads on Maps could work in the same way, with businesses paying to appear at the top of search results when users enter certain search terms.

Gurman believes that Apple could introduce ads to its native Podcasts and Books apps as well. This could potentially allow publishers to place ads in areas within each app, or pay to get their content placed higher in search results. Just like Maps, Podcasts and Books are currently ad-free.

And while the App Store already has ads on the Search tab, Gurman expects Apple to expand ads to the Today tab and app download pages, which tracks with previous reports from 9to5MacApple Insider, and MacRumors. According to 9to5Google, ads on the Today tab will show up as larger cards with the word “Ad” placed beneath the app’s name, while ads on individual app pages will appear highlighted in blue in the “You Might Also Like” section.

Gurman mentions the potential for advertising on Apple TV Plus, too, and says the company could opt to create a lower-priced ad-supported tier, something both Netflix and Disney Plus plan on doing by the end of this year. Right now, Apple TV Plus offers only a $4.99 / month ad-free subscription plan (although it has started showing ads during its Friday Night Baseball livestreams).

Apple first introduced ads on the App Store in 2016, and also displays apps on its Stocks and News apps. Last September, the company started asking users whether they want to enable the Personalized Ads that appear on these apps, in compliance with its own App Tracking Transparency (ATT) policy that cost social platforms billions of dollars.

ATT gives users the option of disabling the tracking tools advertisers use to display targeted ads. It may have contributed to the overall growth of Apple’s advertising sector, as it has left businesses scrambling to reconsider their advertising strategiesAccording to data that Insider obtained from research firm Omdia, Apple’s advertising business grew 238 percent to $3.7 billion in 2021.

Apple’s move to open up more ad slots on its App Store — and potentially on Maps, Podcasts, and Books — could signal that Apple’s looking to expand its advertising business even more. In May, a report from Insider revealed that Eddy Cue, Apple’s senior vice president of services, is reportedly planning to restructure Apple’s services business to direct more attention to streaming and advertising. Apple’s services arm, which includes advertising and its various subscriptions, saw a 12 percent increase in revenue last quarter.