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Nigerian agro-tech startup, ThriveAgric, wins Visa Everywhere Initiative

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Nigerian agro-tech startup, ThriveAgric, was on Friday, crowned winner of the Visa Everywhere Initiative (VEI), a global open innovation program and competition for startups and fintech companies, carting home the $100,000 prize at stake.

The startup which champions technology to transform the payments landscape for smallholder farmers, won the handsome prize at the global finale of the VEI held in Qatar amidst the FIFA World Cup 2022.

The final was preceded by a year-long competition that saw more than 4,000 fintech entrepreneurs across the world compete in regional editions before advancing to the final stage.

According to Andrew Torre, the Regional President for Central Europe, Middle East and Africa (CEMEA) of VEI, the applicants entered the competition with “innovative payment and commerce solutions to solve the payment challenges of tomorrow.”

“A new fintech generation is transforming the way consumers and businesses make payments, making it easier for more people to access and move money when they need it ” Torre said.

“We congratulate ThriveAgric and all the winners in this year’s competition, and we look forward to continue partnering with fintechs to solve the payments challenges of tomorrow,” he added while making the presentation to the winners.

Co-founder of ThriveAgric, Ayo Arikawe, in his response, said:

“The hard work we’ve put into ThriveAgric will ensure that technology is leveraged to empower farmers across the country.

“To not only win the CEMEA regional VEI competition but also pitch at the final here in Qatar gives me great confidence in our ability to scale our solutions and continue to enrich farmers’ lives.”

Apart from ThriveAgric, other winners in the competition include Zeti, a fintech enabling pay per use financing of sustainable transport, which took second place while Huli, a platform that connects patients, doctors and other healthcare services, won the audience favourite award.

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Again, Starlink raises prices of its services in Nigeria

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Elon Musk’s satellite internet service provider, Starlink, has again jacked up the prices of its services in Nigeria after an earlier increase caused uproar among customers.

The service provider, in a statement released on Friday, informed its Nigerian customers that it would raise its monthly subscription prices, with the new rates set to take effect on January 27, 2025.

Under the new pricing regime, the lowest subscription tier will increase significantly from ₦38,000 to ₦75,000 per month, while mobile global roaming service will now cost ₦717,000 monthly.

The company stated that new subscribers will immediately pay the adjusted prices while existing customers will see the changes reflected in their upcoming bills.

In an email sent to users, Starlink said:

“To continue enhancing the Starlink network and provide reliable, high-quality service across Nigeria, we are adjusting our monthly subscription prices.

“These changes are part of our ongoing commitment to investing in the infrastructure needed to improve your experience with Starlink.”

This is the second time Starlink has attempted a price hike in Nigeria. The Nigerian Communications Commission (NCC) has rejected its previous increase in October on the grounds that the company had not sought the necessary regulatory approval.

However, insiders believe the NCC is set to approve an increase in the first quarter of 2025, which gives credence to insinuations that Starlink may have gotten an approval for the price increments.

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Safaricom Ethiopia launches 4G network in Gambella

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Ethiopia’s second largest telecom provider, Safaricom Telecommunications Ethiopia P.L.C., has announced the official launching of its 4G network services in Gambella and other surrounding areas.

The launching of the 4G network in the region, according to Safaricom Ethiopia CEO, Wim Vanhelleputte, highlighted the significant impact that enhanced telecommunications infrastructure could have on the region’s social and economic progress.

“In line with our commitment to digital education, Safaricom Ethiopia donated 20 laptops and 4 routers, including six months of free internet, to two high schools in Gambella City, supporting digital literacy and educational opportunities for local students,” Vanhelleputte stated.

Vanhelleputte reaffirmed Safaricom Ethiopia’s commitment to expanding its reach and ensuring that more regions gain access to reliable and high-speed internet.

“The introduction of the 4G network in Gambella is designed to deliver significant advantages to the local community,” he said .

“Enhanced connectivity will open doors to better access to information, education, and healthcare services. Additionally, it will create new opportunities for businesses and entrepreneurs, driving economic growth and development within the region.

“Safaricom Ethiopia’s move into Gambella aligns with its broader strategy to extend 4G coverage to more areas, furthering its mission of fostering nationwide connectivity,” the CEO added.

Alemitu Oumud, President of the Gambella Region who also spoke at the event, stated that, enhanced infrastructure is driving positive social and economic growth in our region.

“We commend Safaricom Ethiopia for its contributions to job creation, improving connectivity, and making Gambella a more attractive destination for investment,” Oumud said.

He stressed the potential of the new 4G network to drive business activities, attract investments, and foster entrepreneurship in the region.

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