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🏦 Sterling Bank Disrupts Industry Norms with Free Online Transfers
🍻 Diageo Sells Majority Stake in Seychelles Breweries, Continues Strategic Realignment in Africa
📱MTN Cameroon Wins Appeal to Recover $23 Million in Frozen Funds
💳 Visa Makes Bold $100m Bid to Replace Mastercard on Apple Card |
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| | | | | If you haven't subscribed, join over 7,000 people curious about Innovation, New Products, New Technologies in Africa. | |
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| | | | | 🏦 BANKING | Sterling Bank Disrupts Industry Norms with Free Online Transfers | | When the news broke out on April 1, most people thought it was an April Fools prank but Sterling Bank confirmed it was no ruse and it was effective immediately. The bank has officially introduced a zero-transfer fee policy for all local online transactions conducted through its mobile app. | This bold initiative positions Sterling as the first major traditional Nigerian bank to eliminate intra-bank and inter-bank transfer charges for its digital banking customers, setting a powerful new benchmark for customer-centric, values-driven banking in the country......…continue reading |
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| | | | | 💰TRAININGS | Get Ready for upcoming Product Trainings from Tenth Code Media this April | | As we enter a new quarter, it's the perfect time to refocus, set goals, and invest in career growth. Our upcoming training offers valuable insights into product development and design, equipping you with the skills to enhance strategic thinking, creative problem-solving, or transition into product management. | Introducing 2 awesome training courses: | 1️⃣ New Product Development & Management Fundamentals
What You'll Learn: The key stages of product development from idea to launch
Learn how to create and manage effective product roadmaps that align with business goals, conduct market research to develop products that truly resonate with users, and apply best practices in product lifecycle management to ensure long-term success. | 🗓️ Date: Wednesday 10th – Thursday 11th April, 2025
📍Location: Canton Concourse, Oniru, Victoria Island - Lagos.
✍🏽Registration Link: bit.ly/TCNPD0425 | 2️⃣ Product Design Fundamentals
What You'll Learn: The principles of user-centered design
Learn how to transform ideas into wireframes and prototypes, master essential UI/UX design tools and techniques, and gain industry insights to kickstart or advance your career in product design. | 🗓️ Start Date: Saturday 27th April, 2025 (6 consecutive Saturdays),
💻 Location: Online
✍🏽Registration Link: bit.ly/TCPD0125 |
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| | | | | 🍻 BEVERAGES | Diageo Sells Majority Stake in Seychelles Breweries, Continues Strategic Realignment in Africa | | Global beverage giant Diageo plc has announced the sale of its 54.4% shareholding in Seychelles Breweries Limited to Phoenix Beverages, a Mauritius-based subsidiary of the IBL Group for approximately $80 million. The transaction marks the latest in a series of divestments across Africa as Diageo continues its strategic push to streamline operations and focus on core brand and distribution capabilities. | The deal builds on Diageo's existing partnership with Phoenix Beverages, which has long been its production and distribution partner in Mauritius. Under the agreement, Diageo will retain ownership of its flagship brands—including Guinness and Smirnoff ready-to-drink (RTD) products—currently produced by Seychelles Breweries. These brands will be licensed to Seychelles Breweries under a new long-term license and royalty agreement, with Diageo continuing to manage their in-market distribution......…continue reading |
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| Learn AI in 5 minutes a day | | This is the easiest way for a busy person wanting to learn AI in as little time as possible: | Sign up for The Rundown AI newsletter They send you 5-minute email updates on the latest AI news and how to use it You learn how to become 2x more productive by leveraging AI
| Sign up to start learning. | | | | | 📱TELECOMS | MTN Cameroon Wins Appeal to Recover $23 Million in Frozen Funds | | After nearly three years of legal entanglement and financial restriction, MTN Cameroon has secured a major victory in a prolonged cross-border dispute that had paralyzed access to over $23 million in its local bank accounts. A ruling by the Littoral Court of Appeal in Douala has ordered the release of the funds, signaling a turning point in one of the more contentious legal battles involving a multinational firm and a politically connected local businessman. | The dispute stems from a case in South Africa, where First National Bank (FNB) pursued the liquidation of properties belonging to Bestinver Holdings, a company owned by Ahmadou Baba Danpullo, one of Cameroon's most powerful businessmen. FNB claimed that Danpullo's companies owed the bank R507 million. The South African courts ruled in FNB's favor, placing the companies into business rescue in 2020.......…continue reading |
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| | | | | 💳 CARD PRODUCTS | Visa Makes Bold $100m Bid to Replace Mastercard on Apple Card | | In what could become a major reshuffle in the digital payments space, Visa has reportedly offered Apple $100 million to become the new payment network for the Apple Card, replacing Mastercard. This strategic move—revealed by the Wall Street Journal—signals an escalating competition among top-tier financial institutions to align with tech giants leading the future of consumer finance. | Visa's offer is particularly striking for its size. According to insiders, the $100 million upfront payment is the kind usually reserved for the largest and most high-performing card programs globally. The bid comes as Visa aims to strengthen its foothold in the booming digital payments market, where consumer loyalty and embedded financial services increasingly rest in the hands of tech platforms like Apple........…continue reading |
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Innovation Village |
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