Guinness Nigeria Hosts Media, Highlights Growth, Governance, Business Transformation

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Guinness Nigeria Hosts Media, Highlights Growth, Governance, Business Transformation

Lagos, Nigeria – May 12, 2026

Guinness Nigeria Plc has reaffirmed its commitment to sustainable growth, operational efficiency, and corporate transparency following a media engagement session held in Lagos, where the company provided deeper insight into its business performance, governance structure, and long-term strategic direction.

During the engagement, the company highlighted key milestones since the start of its strategic reset initiative, including stronger profitability, improved shareholder returns, and a more resilient balance sheet. Guinness Nigeria reported net sales of ₦730.8 billion for the 18 months ended December 2025, along with a net profit of ₦41.2 billion. First-quarter 2026 net profit rose 47.9 percent to ₦10.4 billion.

The company also noted that its share price has appreciated significantly since September 2024, reflecting renewed investor confidence and stronger market sentiment around the business.

In a presentation delivered on behalf of the Managing Director, the Finance and Strategy Director of Guinness Nigeria Plc, Mayank Kabra, said the company’s progress reflects deliberate efforts to build a stronger and more agile organisation positioned for long-term growth.

“Our transformation journey is anchored on operational excellence, consumer obsession, disciplined financial management, and a winning culture. We are building a business that is not only resilient, but also capable of delivering sustainable value to consumers, employees, communities, and shareholders,” he said.

Guinness Nigeria further outlined its governance credentials, describing itself as one of the first companies certified under the Nigerian Exchange Corporate Governance Rating System. The company reiterated its commitment to ethical business practices through its Code of Business Conduct and continued participation in the Convention for Business Integrity.

Also read: https://brandspurng.com/2026/05/12/redtech-debuts-on-financial-times-africas-fastest-growing-companies-2026-ranking/

Speaking on the company’s governance and social impact priorities, the Corporate Relations and Legal Director of Guinness Nigeria Plc, Rotimi Odusola, said the business remains anchored on the values that have shaped its standing in the Nigerian market. He spotlighted the company’s social impact initiatives spanning education, healthcare, and responsible drinking advocacy, disclosing that over 100 students have benefited from its undergraduate scholarship programme since 2019, while its Guinness Eye Centres in Lagos and Onitsha continue to receive investments in equipment, renovation, and cataract surgeries.

“Strong governance, ethical conduct, and meaningful community engagement are not peripheral to how we operate; they are central to it. As we continue to grow, we remain intentional about doing business the right way and contributing to the communities that have supported us for over seven decades,” he said.

The company also highlighted investments in people and culture transformation, noting that recent learning and development initiatives have improved productivity and strengthened accountability across the organisation.

Guinness Nigeria said it remains focused on driving innovation, strengthening consumer engagement, and building culturally resonant brands capable of sustaining growth in Nigeria’s evolving beverage market.

Redtech Debuts On Financial Times Africa’s Fastest Growing Companies 2026 Ranking

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Redtech Debuts On Financial Times Africa’s Fastest Growing Companies 2026 Ranking

Heirs Holdings-backed technology company ranks 32nd out of 130 companies and among Africa’s top 15 fastest-growing fintechs

Lagos, Nigeria. Tuesday, 12th May 2026. Redtech [1], a technology
company backed by Heirs Holdings, has been named in the Financial T
[2]imes [2] (FT) “Africa’s Fastest Growing Companies 2026 [3]”
list. Ranking 32nd out of 130 high-growth companies, the company also
secured a position among Africa’s top 15 fastest-growing fintech
companies in its debut appearance on the annual FT/Statista ranking.

Produced by the FT in research partnership with Statista [4], the
ranking identifies Africa’s fastest-growing companies based on
compound annual growth rate (CAGR) in revenue between 2021 and 2024.
Companies also had to meet additional criteria, including minimum
revenue thresholds, independence and primarily organic growth.

Redtech’s inclusion provides independent validation of its growth as
an African payment infrastructure company
The recognition comes as Redtech’s flagship platform, RedPay,
continues to scale across physical and digital payment channels. Through
RedPay, the company enables businesses to collect, process, confirm,
reconcile, disburse, and manage funds through secure, scalable
technology built for African commerce.
Tony O. Elumelu, CFR, Group Chairman, Heirs Holdings, said:

“Africa’s next growth era will be powered by entrepreneurs,
enterprises, and the infrastructure that enables them to succeed.
Redtech’s recognition among Africa’s fastest-growing companies
demonstrates what is possible when we invest in solutions built for
Africa’s realities. Through RedPay, Redtech is helping merchants,
fintechs, and financial institutions transact with greater speed,
security, intelligence, and control. This is Africapitalism in action:
building profitable, sustainable businesses that create prosperity
across Africa.”
Redtech’s growth is visible across four strategic areas, including:

Also read: https://brandspurng.com/2026/05/12/tiktok-launches-3-99-subscription-for-no-ads-in-uk/

  • Transaction scale: Redtech has processed $27 billion (₦37.2 trillion)
    to date – more than three times the over $8.9 billion (₦12 trillion)
    processed by the end of 2024
  • Merchant infrastructure: Redtech has deployed 55,000 RedPay POS
    terminals within 16 months across merchant locations in Nigeria,
    supporting payment acceptance across sectors including hospitality,
    energy, banking, fintech, retail, utilities, and enterprise services.
  • Regional growth and interoperability: RedPay infrastructure supports
    payments in five UEMOA countries – Benin, Burkina Faso, Côte
    d’Ivoire, Mali, and Senegal . In Nigeria, Redtech’s recent MoMo PSB
    and UBA partnership connects mobile money users to participating UBA
    merchant locations through RedPay POS terminals.
  • Regulated payment capability: Redtech operates with key regulatory
    approvals, including licences from the Central Bank of Nigeria as a
    Payment Terminal Service Provider (PTSP), Payment Solution Service
    Provider (PSSP), and Super Agent, enabling the company to provide POS,
    payment gateway, and agency banking services. The company also holds
    relevant Nigerian Communications Commission (NCC) authorisation for
    communications-enabled value-added services.

As part of its growth roadmap, Redtech is working to expand its payment
infrastructure capabilities across African markets, with a long-term
ambition to support merchant collections and financial technology
services in 29 African countries within the next year.
Emmanuel Ojo, CEO of Redtech, said: “Redtech’s inclusion in the
Financial Times Africa’s Fastest-Growing Companies ranking recognises
the infrastructure we are building and the African businesses that rely
on it every day. At Redtech, growth is not only about transaction value
or market reach; it is tied to a belief that when African businesses
have payment systems they can trust, they are better placed to trade,
serve customers and expand with confidence. That is the Heirs Holdings
Africapitalism philosophy in practice – private-sector execution
building the rails for African prosperity. Our focus is on strengthening
the infrastructure that allows businesses across the continent to
collect, pay, and grow.”

About Redtech

Redtech [1] is a technology company building secure, reliable, and
scalable systems that power prosperity for businesses across Africa. Our
business spans two pillars: RedPay®, a modern suite of payment
solutions for businesses and consumers; and SITCOM®, our integrated
energy technology solutions for upstream oil & gas operators.

TikTok Launches £3.99 Subscription For No Ads In UK

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TikTok Launches £3.99 Subscription For No Ads In UK

Liv McMahon

TikTok is introducing a subscription charge for UK users who do not want to see adverts on the platform.

From Monday, the social media giant will start notifying users aged 18 and over that they will be required to pay £3.99 a month for an ad-free experience.

Users will be asked to decide whether they want to pay for no ads on TikTok or continue using the app for free – with personalised ads – by 11 November.

TikTok says its ad-free offering aims to give users more choice over their platform experience – but social media expert Matt Navarra says it forms part of a wider pattern of firms “putting a monthly price on stepping outside of the ad-targeting machine”.

It comes after the company began testing ad-free monthly subscriptions in some global markets in 2023.

Instagram, Facebook and Snapchat have all rolled out similar subscriptions for users in recent years – letting users opt to see no or fewer ads in exchange for a monthly fee.

TikTok said it will gradually notify UK users about its own version, TikTok Ad-Free, in pop-up notifications over the next few months.

“Advertising on our platform is already helping thousands of British businesses reach new customers, increase sales and create jobs, while our new ad-free option gives people greater control over their experience,” said Kris Boger, TikTok’s UK managing director.

“Together, this ensures we continue to deliver real economic impact while giving our community the flexibility to engage with TikTok in the way that suits them.”

Those who opt to subscribe to TikTok Ad-Free for £3.99 a month will no longer see ads delivered by the company across the app, such as within its For You feed.

However, they will still see content posted by creators paid or sponsored to advertise particular products or services – often signposted with “#ad”.

Those who do not subscribe and opt to use TikTok for free will see personalised ads.

TikTok also says users can control how some data is used for advertising within the app’s settings.

But where UK users can currently opt out of receiving ads targeted to them while using the app for free, they will no longer be able to do so under its changes.

A new deal

With TikTok Ad-Free, the company is joining a handful of platforms now asking people to pay if they want to opt-out of personalised ads.

While personalised ads – using data about how individuals interact with products online to advertise things to them online – have been at the heart of online platforms operations, many are now also using a new model called “consent or pay”.

Also read: https://brandspurng.com/2026/05/12/vodafone-launches-5g-broadband-to-deliver-full-fibre-like-speeds-to-a-further-3-7-million-homes/

The opt-in process has emerged as a way for companies to comply with UK data protection law, as well as make money from users who decline to be tracked across their services and other sites.

“We’re moving away from an internet where the deal was you use the app for free but see ads, to one where the deal is increasingly: use the app for free and be profiled for personalised ads, or pay to escape them,” Navarra told the BBC.

He said with many unlikely to pay for no ads on TikTok and other platforms, the practise of paying for more privacy online is becoming normalised.

“We are heading towards a two-tiered social internet,” Navarra said.

“One version for people who can afford more control and privacy, and another version for everybody else.”

More broadly, subscriptions are also becoming a more common part of platform experiences – with people often prompted pay monthly for verification badges on their profiles, such as on Instagram or X, or access to AI features.

Vodafone Launches 5G Broadband To Deliver Full-fibre-like Speeds To A Further 3.7 million Homes

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Vodafone Launches 5G Broadband To Deliver Full-fibre-like Speeds To A Further 3.7 million Homes
By combining 5G Broadband and its existing full fibre footprint, Vodafone can now bring full-fibre-like speeds to over 26 million homes – more than any other UK provider.
  • Vodafone launches 5G Broadband, bringing powerful, reliable broadband via its 5G network to an additional 3.7 million homes and premises currently unable to access full fibre.
  • With unlimited connectivity, instant out-of-the-box setup [2], no engineer required and no upfront costs, Vodafone 5G Broadband offers faster speeds, flexibility and greater value for millions currently relying on part-fibre connections.
  • Customers can choose from a rolling 30-day or 24-month plan starting at £21 a month, with a £2 a month discount for Vodafone Together customers [4].
  • An online postcode checker instantly recommends either full fibre or 5G Broadband to customers, based on the fastest speeds available at their address, giving households the confidence to pick the connection that suits their home.
  • The integration of Vodafone and Three’s networks is supercharging VodafoneThree’s 5G footprint, enabling Vodafone 5G Broadband to reach millions more homes with high-speed connectivity.
  • The launch reinforces VodafoneThree’s commitment to connect every community as part of its £11 billion investment programme to build the UK’s best network.

Vodafone, already the UK’s largest full fibre provider, has launched Vodafone 5G Broadband. This is a fast, flexible and reliable way to stay connected at home, powered by the company’s rapidly expanding 5G network.

Built for households who cannot currently access full fibre, renters, students, and anyone who wants powerful connectivity with flexibility, Vodafone 5G Broadband delivers full-fibre-like speeds [1] and instant setup straight out-of-the-box.

What is Vodafone 5G Broadband? Everything you need to know about Fixed Wireless Access

It’s a little-known fact that Vodafone’s mobile network can also provide your home with broadband internet access. Here’s how it works and how you can get it.
With Vodafone 5G Broadband, there are no upfront costs, no engineer visits, no landline required, and no complex installation – just plug in, connect, and go. The launch will provide millions of households struggling with slow speeds or a part-fibre connection with a cost-efficient and high-speed alternative. With next‑day delivery, customers can get online quickly – or can simply buy in store and be up and running on the same day [5].

Customers can enjoy speeds of up to 150Mbps – 3 x faster than a typical part-fibre connection – and unlimited data on every plan, enough bandwidth to keep the whole family connected.

The launch of Vodafone 5G Broadband underscores VodafoneThree’s commitment to connect every community as part of its £11 billion investment to build the UK’s best network. By bringing together the Vodafone and Three networks, the combined 5G footprint will expand rapidly nationwide. This enhanced coverage already enables Vodafone 5G Broadband to reach 3.7 million more homes where there is currently no full fibre, delivering powerful, reliable broadband to even more communities. Combined with Vodafone’s existing full fibre footprint of 23.2 million homes – the largest of any UK provider – Vodafone can now offer powerful broadband to more households than anyone else [2].

How Vodafone and Three are sharing their mobile networks: everything you need to know

‘MOCN’ is the first major mobile benefit of the Vodafone-Three merger in the UK for customers of both networks. Here’s what it means for you and how it works.
Launching alongside Vodafone 5G Broadband is a new integrated availability checker on Vodafone.co.uk, designed to make choosing the right connection effortless. Customers simply enter their postcode and are shown whether full fibre or 5G Broadband will give them the fastest speeds in their area.  By bringing both options into a single, streamlined journey, Vodafone gives customers more confidence to choose the connectivity that best suits their needs.

The choice doesn’t stop there for 5G Broadband customers, with the option to select either a 30-day rolling or 24-month plan.

Also read: https://brandspurng.com/2026/05/12/nigerias-dollar-gdp-surges-22-to-307-billion-as-naira-strength-and-output-drive-growth/

For homes where the outdoor 5G signal is stronger than indoors, Vodafone will soon launch an outdoor hub to provide an extra boost. The outdoor hub will require self-installation outside the property, where it will lock on to the strongest 5G signal available in the area and connect directly to the indoor Power Hub router. The result is a consistent connection throughout the home – delivering a fast, seamless experience even in rural areas.

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There are various versions of WiFi – which one your router and devices have will determine the speed and range of your wireless internet connection. We explain what they are and how to find out which ones you have.
Prices start at £21 a month on a 24-month plan (up to 50Mbps), or £30 a month on a 30-day rolling plan (up to 50Mbps) – with no upfront costs. Existing Vodafone mobile customers will receive a £2 a month saving through Vodafone Together, which offers discounts when mobile and broadband are bundled [4].

Rob Winterschladen, Consumer Director at VodafoneThree says: “Millions of households are still paying over the odds for unreliable and slow broadband that often only reaches 74Mbps. With Vodafone 5G Broadband, we’re giving those homes a genuinely fast alternative, at great value, with no installation, no waiting and no hassle.

As the UK’s largest full fibre provider, we already bring fast, reliable broadband to more homes than anyone else – and by adding 5G Broadband, we can now reach millions more. This launch is about giving customers real choice: full fibre where it’s available, and powerful 5G Broadband where it’s not – plus, better options for anyone wanting speed with ease and flexibility”.

Through bringing the Vodafone and Three networks together and deploying innovative ‘Multi Operator Core Network’ technology in more than 10,000 sites nationwide, Vodafone 5G Broadband customers will benefit from improved coverage with higher speeds in areas where it wasn’t previously available. This forms part of VodafoneThree’s £11 billion investment programme to build the UK’s best network, reaching 99% 5G Standalone population coverage by 2030, and 99.96% by 2034.

Find out more about Vodafone 5G Broadband.

Stay up to date with the latest news from VodafoneThree by following us on LinkedIn and Twitter/X.

Nigeria’s Dollar GDP Surges 22% To $307 Billion As Naira Strength And Output Drive Growth

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Nigeria’s Dollar GDP Surges 22% To $307 Billion As Naira Strength And Output Drive Growth

Nigeria’s economy recorded a significant expansion in dollar terms, rising by 22 per cent to approximately $307 billion in 2025, supported by improved domestic production and a stronger naira, according to a new economic analysis.

The report, released by Quartus Economics, indicated that Nigeria’s dollar-denominated Gross Domestic Product increased from about $252 billion in 2024 to $307.5 billion in 2025, marking a return above the $300 billion threshold after previous economic setbacks.

It explained that the growth was driven by an 18.43 per cent increase in nominal GDP alongside a three per cent appreciation of the naira against the US dollar. The average exchange rate improved from N1,479/$ in 2024 to N1,436/$ in 2025, contributing additional momentum to the dollar value of the economy.

Brandspur Banking News Desk reports that the analysis highlighted Nigeria’s improved economic standing within Africa, noting that the country accounted for nearly 28 per cent of the continent’s total GDP growth in dollar terms during the period under review.

The report stated that Nigeria’s performance outpaced several major African economies, including South Africa, Egypt, Kenya, Morocco, and Angola, while also exceeding the average growth rate recorded across Sub-Saharan Africa.

It further revealed that Nigeria’s GDP per capita rose by 19.5 per cent to $1,295 in 2025 from $1,083 in 2024, reflecting stronger economic output relative to population growth, which expanded by about 2.1 per cent during the same period.

Also read: https://brandspurng.com/2026/05/12/pharmacists-warn-tinubu-over-70-percent-medicine-import-dependence-demand-urgent-local-production-reform/

According to the findings, the improvement in income levels was supported by a combination of currency stability, expanding production activity, and a gradual slowdown in population growth compared to earlier years.

The report also noted that Nigeria’s share of Africa’s total GDP increased to 14.43 per cent in 2025, up from 13.05 per cent in 2024, reinforcing its position as one of the continent’s largest economies.

Despite the positive trajectory, the analysis cautioned that Nigeria’s economic indicators remain below historical peaks and several peer economies, stressing the need for sustained macroeconomic reforms, industrial expansion, and productivity-driven growth.

It concluded that continued stability in exchange rates, deeper structural reforms, and stronger performance in the real sector will be critical to sustaining Nigeria’s current growth momentum and improving long-term economic outcomes.

Pharmacists Warn Tinubu Over 70 Percent Medicine Import Dependence, Demand Urgent Local Production Reform

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Pharmacists Warn Tinubu Over 70 Percent Medicine Import Dependence, Demand Urgent Local Production Reform

Pharmacists in Nigeria have raised concerns over what they described as the country’s heavy reliance on imported medicines, warning that sourcing about 70 per cent of drugs from abroad poses a major threat to national health security and economic stability.

The Association of Industrial Pharmacists of Nigeria (NAIP) said the situation leaves the country vulnerable and undermines efforts to build a resilient healthcare system. The group urged the Federal Government to prioritise domestic pharmaceutical production and reduce dependence on foreign supply chains.

During the association’s 29th Annual National Conference and Training held in Ilorin, Kwara State, NAIP President, Pharmacist Bankole Ezebuilo, stressed that Nigeria must urgently reposition its pharmaceutical sector. He noted that the nation faces a critical decision between continued import reliance and developing full-scale local manufacturing capacity.

Brandspur Politics Desk reports that Ezebuilo, in his keynote address, called for a coordinated national strategy to strengthen pharmaceutical sovereignty. He warned that a country unable to produce most of its essential medicines risks compromising the health of its citizens and its economic future.

Also read: https://brandspurng.com/2026/05/12/fcmb-group-appoints-adepeju-adebajo-as-independent-director-to-strengthen-governance-and-growth-strategy/

He further appealed to the Federal Government to declare a national emergency in pharmaceutical manufacturing, insisting that targeted policies and investments are required to transform Nigeria into a leading drug production hub in Africa.

Ezebuilo added that strengthening local production would not only improve healthcare access but also create jobs, enhance innovation, and reduce pressure on foreign exchange caused by importation of essential medical products.

The conference attracted key stakeholders from the health and governance sectors, including commissioners from Kwara State and senior representatives of professional pharmaceutical bodies across Nigeria, who echoed calls for stronger collaboration to boost local capacity in drug production.

FCMB Group Appoints Adepeju Adebajo As Independent Director To Strengthen Governance And Growth Strategy

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FCMB Group Appoints Adepeju Adebajo As Independent Director To Strengthen Governance And Growth Strategy

FCMB Group Plc has announced the appointment of Adepeju Adebajo as an independent non-executive director, a strategic board-level move aimed at reinforcing governance standards, operational resilience, and long-term expansion plans across its financial services portfolio.

The appointment, which has received regulatory clearance from the Central Bank of Nigeria (CBN), comes as the banking group continues to align its leadership structure with evolving regulatory expectations and sector-wide reforms. The Group stated that the decision reflects its commitment to deepening expertise at board level while supporting sustainable growth across its subsidiaries.

Brandspur Banking News Desk reports that Adebajo brings more than 30 years of cross-sector experience spanning finance, agriculture, consulting, renewable energy, and corporate transformation. Her background is expected to strengthen FCMB’s strategic direction, particularly in business restructuring, ESG integration, and governance enhancement.

Also read: https://brandspurng.com/2026/05/12/lg-introduces-dual-inverter-smart-dehumidifier-to-address-rising-indoor-humidity-in-nigeria/

Her professional track record includes senior leadership roles at major organisations such as Lafarge Africa, Lumos Nigeria, and Mouka Limited. She also previously served as Commissioner for Agriculture in Ogun State, where she led policy initiatives focused on improving agricultural productivity and private sector participation.

Adebajo’s academic and executive training includes programmes at Harvard Business School and Imperial College London. FCMB Group noted that her appointment aligns with its broader objective of building a future-ready financial institution capable of competing effectively within Nigeria’s rapidly evolving financial services industry.

LG Introduces Dual Inverter Smart Dehumidifier To Address Rising Indoor Humidity In Nigeria

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LG Introduces Dual Inverter Smart Dehumidifier To Address Rising Indoor Humidity In Nigeria

LG Electronics has launched a new Dual Inverter dehumidifier equipped with ionizer technology in Nigeria, targeting rising humidity levels and growing demand for improved indoor air quality in homes and commercial spaces.

The product was unveiled in Abuja, where company representatives highlighted its capacity to remove up to 30 litres of moisture per day, helping to reduce mold formation, protect indoor structures and enhance overall comfort in high-humidity environments.

The appliance is powered by LG’s Dual Inverter Compressor system, which automatically adjusts performance based on real-time humidity conditions. This technology is designed to improve energy efficiency while maintaining consistent moisture control in residential and business settings.

Brandspur Banking News Desk reports that the launch reflects LG’s strategic expansion into Nigeria’s smart home and wellness appliance market, with products increasingly tailored to address environmental challenges specific to the region.

Company officials also noted that the device integrates a HEPA H13 filtration system capable of trapping dust particles, allergens and airborne bacteria, supporting healthier indoor environments for users.

Also read: https://brandspurng.com/2026/05/12/airtel-money-surpasses-54-million-users-as-africas-digital-payments-adoption-accelerates/

In addition, the dehumidifier operates at low noise levels of approximately 33 decibels, making it suitable for use in both homes and office environments without causing disruption.

LG confirmed that two variants of the product are available in the Nigerian market, with 28-litre and 34-litre capacity models. Both versions feature smart connectivity through LG ThinQ technology, allowing users to monitor and control settings remotely via mobile devices.

Distribution partners stated that the product is already available in retail outlets nationwide, with after-sales support services being provided through an established local network to ensure maintenance and customer assistance.

Industry observers say the introduction of the smart dehumidifier aligns with rising demand for climate-control appliances in Nigeria, as urbanisation, changing weather patterns and increased awareness of indoor air quality continue to drive consumer adoption of advanced home technologies.

Airtel Money Surpasses 54 Million Users As Africa’s Digital Payments Adoption Accelerates

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Airtel Money Surpasses 54 Million Users As Africa’s Digital Payments Adoption Accelerates

Airtel Africa has recorded a major milestone in its financial services expansion, with its mobile money platform, Airtel Money, crossing 54 million active users as digital payments continue to surge across multiple African markets.

The company disclosed the figures in its FY2026 financial results, revealing that Airtel Money grew by 21.3 per cent year-on-year, driven by rapid smartphone adoption, increased merchant payment activity, digital lending services and expanding financial inclusion in underserved communities.

The growth reflects a broader transformation in Africa’s financial ecosystem, where mobile-based wallets are increasingly replacing cash transactions and traditional banking access remains limited in several regions.

Brandspur Banking News Desk reports that Airtel Money is evolving beyond basic money transfers into a full-scale fintech platform offering services such as merchant payments, savings products, international remittances, digital credit solutions and card-linked financial tools.

The company also recorded strong gains in digital engagement, with app-based transactions rising 74 per cent year-on-year, supported by deeper adoption of its MyAirtel platform across its 14 operating markets.

Data from the report shows Airtel Money smartphone penetration rising above 51 per cent in March 2026, compared to 48 per cent in the previous year, highlighting a steady migration from feature phones to smartphones across its customer base.

Total processed value on the MyAirtel app increased by 79 per cent to $8.3 billion during FY2026, reflecting stronger usage of digital financial services by both individuals and businesses.

Airtel Africa said merchant payments remain a core growth driver, enabling small and medium-sized enterprises to accept digital transactions and reduce reliance on cash-based systems across retail and informal sectors.

Also read: https://brandspurng.com/2026/05/12/apple-expands-oled-supply-chain-as-boe-targets-35-million-iphone-display-shipments/

The company further expanded its physical distribution network, operating through approximately 49,000 exclusive outlets while growing its non-exclusive agent base by 39 per cent year-on-year to support wider service accessibility.

Analysts note that the performance underscores the growing convergence between telecommunications and financial services in Africa, where mobile operators are becoming central to financial inclusion strategies and digital economy expansion.

Airtel Africa has also previously indicated plans related to a potential Airtel Money listing, although discussions with strategic investors, including Mastercard and TPG’s Rise Fund, have led to adjustments in timing for shareholder-related transactions.

With limited access to traditional banking services still prevalent across many African markets, Airtel Money’s expansion highlights the accelerating shift toward mobile-led financial ecosystems as a key driver of economic participation and digital transformation.

Apple Expands OLED Supply Chain As BOE Targets 35 Million iPhone Display Shipments

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Apple Expands OLED Supply Chain As BOE Targets 35 Million iPhone Display Shipments

Apple Inc. is accelerating efforts to diversify its display manufacturing network, with new projections indicating that China-based BOE Technology Group is set to supply up to 35 million OLED panels for iPhones in a major supply chain expansion.

The move marks a continued shift in Apple’s long-term sourcing strategy, which has historically relied heavily on South Korea’s Samsung Display and LG Display for high-end OLED screens used in flagship iPhone models.

Industry reports indicate that Apple has steadily increased BOE’s role since 2021, initially integrating its display panels into select standard iPhone models before expanding usage across multiple mainstream device lines, including entry-level and legacy iPhone series.

Brandspur Banking News Desk reports that the anticipated 35 million-unit target reflects Apple’s broader strategy to reduce overdependence on a single supplier, improve pricing leverage, and strengthen supply chain resilience amid global manufacturing competition.

BOE is now positioned as a key supplier for lower-tier and mass-market iPhone models, including newer “e” series devices, as Apple allocates production across multiple vendors based on performance, cost efficiency and product segmentation.

Despite BOE’s rising role, Samsung Display is expected to remain Apple’s primary supplier for advanced OLED technologies, including LTPO panels, high-refresh-rate displays and complex screen architectures used in Pro-level iPhones and future foldable devices.

Also read: https://brandspurng.com/2026/05/12/amvca-2026-full-winners-list-revealed-as-african-film-and-tv-stars-shine-in-lagos/

Analysts say Apple’s approach is not a replacement strategy but a redistribution model designed to balance supply risk, stabilize production capacity and ensure consistent global output across its product lineup.

The expansion also highlights growing competition within the global display industry, as Chinese manufacturers continue to scale capabilities and challenge established Korean suppliers in high-volume smartphone components.

With demand for iPhones remaining strong across global markets, Apple’s multi-supplier OLED strategy is expected to play a critical role in maintaining production stability and supporting future device launches.

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