Untapped Global partners with Paga to boost digital payments for Nigerian SMEs

Smart Asset Financing fast tracks digitization for over 120,000 small businesses

LAGOS, Nigeria, Oct. 1, 2021 /PRNewswire/ — Untapped Global, an investment company focused on emerging markets, announces a scale up of its partnership with Paga, the mobile payment and financial services company. The program finances point-of-sale devices (POS) for merchants in Nigeria, the largest country in Africa, but still underserved when it comes to financial services.

The collaboration between Paga and Untapped focuses on empowering small businesses to accept digital payments and bring financial services to the masses. The financing is structured to lower the overall cost of entry for merchants to acquire a handheld POS terminal and other digital tools for their businesses, making it easy for them to buy, sell, and get paid.

Untapped Global Logo

“We are excited to scale our POS rollout program with Untapped,” said Tayo Oviosu, Founder and CEO of Paga Group. “We have built the best on-ramps and off-ramps for cash in Nigeria through the Paga agent network and are further digitizing merchants via our new merchant platform, Doroki. Across our ecosystem, we currently have over 33,000 merchants. Our collaboration with Untapped is accelerating our progress to reaching 120,000 merchants in the next two years by lowering the startup and onboarding costs for merchants.”

Untapped Global offers Smart Asset Financing to asset-based businesses across Africa and other emerging markets. Smart Asset Financing is an innovative investment model that provides flexible capital for fast-growing enterprises like Paga, leveraging technology to make investments safer and more profitable for investors by tracking assets and capturing revenue in real-time.

Paga’s POS devices enable merchants to accept cards, mobile payments, and other forms of digital payments, and offer other value-add financial services to customers. The financing from Untapped is unique, as payments are recovered from the revenues earned on the devices. Lowering the cost of entry for using mobile payments is key to delivering the benefits of Africa’s growing fintech revolution to even the smallest businesses.

“The network of the POS devices that will be available for merchants via this partnership is powerful,” Untapped founder and CEO, Jim Chu, commented. “It enables a seamless process for merchants and their customers to buy, sell, and get paid. We’re excited to use Smart Asset Financing to greatly increase access to financial services across Nigeria with partners that know the space best, like Paga.”

Untapped and Paga had an initial and successful pilot in 2021. Scaling up the availability of the devices shows the impact these devices have on small businesses, particularly in emerging markets like Nigeria.

“Our goal at Paga Group is to make it simple for 1 billion people to pay, get paid, and access financial services,” Oviosu said. “The team at Untapped is aligned with that goal, and the current partnership showcases its objective to ensure that entrepreneurs have the opportunity to scale to their full potential.”

About Paga:
Paga is a payments and financial services ecosystem for Africa. Our ecosystem is similar to that of Square and PayPal as we focus on helping both consumers and sellers pay, get paid, and access financial services. Our first market is Nigeria where we now have over 18 million unique users.

About Untapped Global:
On a mission to empower the next billion entrepreneurs to scale to their full potential, Untapped creates opportunity by connecting frontier market innovators to global investors through its Smart Asset Financing™ platform that provides CAPEX financing for revenue-generating assets around the world, and its global investment network, The Nest.

Kun, le concept-car de SAIC Motor, dévoilé à l’Expo de Dubaï

DUBAÏ, EAU, 1er octobre 2021 /PRNewswire/ — Aujourd’hui, le concept de voiture autonome à énergies nouvelles « Kun » de SAIC Motor – exposition vedette du pavillon de la Chine de l’Expo de Dubaï 2020, a été virtuellement dévoilé au musée de l’Exposition universelle de Shanghai.

L’Expo de Dubaï ouvrira officiellement ses portes le 1er octobre. Le tout dernier concept-car de SAIC Motor, « Kun »,constituera l’élément d’exposition le plus éblouissant avec le satellite chinois Beidou et le chemin de fer à grande vitesse de Chine, démontrant au monde entier la puissante force d’innovation et le charme technologique unique de la fabrication haut de gamme de la Chine. Dans le même temps, les marques propres de SAIC Motor, MG et MAXUS, présenteront leurs derniers modèles en tant que véhicules officiels désignés pour le pavillon de la Chine pendant l’exposition.

Une vision de la « Mobilité intelligente » pour une vie meilleure

L’Exposition universelle, qui a une longue histoire de plus de 160 ans, est connue comme « l’événement olympique des milieux économiques, technologiques et culturels » et est devenue une scène mondiale pour exposer de nouveaux concepts, de nouvelles idées et de nouvelles technologies. « Tout commence à l’Exposition universelle ». Les trains, les lumières, les téléphones, les avions, les autoroutes et d’autres technologies et concepts qui ont été lancés pour la première fois à l’Exposition universelle sont progressivement entrés dans la vie quotidienne des gens et ont fortement favorisé le progrès continu de la société humaine.

Lors de l’Expo 2010 de Shanghai, SAIC Motor a construit un pavillon d’entreprise automobile, décrivant une image souhaitable de « Direct to 2030 » (En route pour 2030) avec zéro émission, zéro accident de la route, sans dépendance à l’égard du pétrole et sans embouteillages.

Lors de l’Expo 2020 de Dubaï, SAIC Motor présentera le concept « Kun », créé conjointement par les équipes de design avant-gardistes de Shanghai et de Londres. Citant la légende du « Léviathan » dans Carefree Soaring de Zhuangzi, inspiré par « le monde et la Chine, la montagne et la mer », le concept « Kun » intègre l’interaction de la bio-intelligence, l’énergie photosynthétique, le siège zéro gravité, l’interaction de l’image holographique et les technologies avancées de conduite autonome, et présente une belle image de la mobilité intelligente qui ne sera pas limitée par l’espace à l’avenir et de la fusion des environnements de l’homme et du véhicule. Elle offrira au public international de l’Expo une expérience unique « un regard sur la technologie, un regard sur l’avenir et un regard sur la Chine ».

Une image de marque chinoise « verte et intelligente »

SAIC Motor représente l’industrie automobile chinoise et crée activement une image innovante « verte et intelligente » à l’Expo de Dubaï. SAIC Motor a mis en place une chaîne industrielle automobile mondiale comprenant la R&D, le marketing, la logistique, les pièces détachées, la fabrication, la finance, les voitures d’occasion, etc. Ses produits et services sont appréciés dans plus de 70 pays et régions du monde.

S’appuyant sur les avantages des technologies innovantes telles que les véhicules à énergies nouvelles et les réseaux intelligents, SAIC Motor crée activement une compétitivité internationale différenciée. De janvier à août de cette année, les ventes sur les marchés étrangers ont dépassé 370 000 unités, soit une augmentation de 106,4 % en glissement annuel, ce qui place la société au premier rang des ventes à l’étranger des constructeurs automobiles chinois. Parmi ces ventes, la marque MG a atteint 182 000 unités, soit une augmentation de 83,9 % en glissement annuel. Les ventes de MG dans les pays développés ont représenté près de 40 % et ont permis à la marque de remporter le titre de « championne des ventes à l’étranger d’une seule marque en Chine ». Les ventes de véhicules à énergies nouvelles de marques propres dans les pays européens développés ont atteint près de 19 000 unités, soit une augmentation de 133 % en glissement annuel, classant ainsi la société au premier rang des segments de véhicules dans des pays tels que le Royaume-Uni, la Norvège, le Danemark et l’Islande. Dans le même temps, le système de réseaux intelligents « i-Smart » a été populaire auprès des consommateurs en Thaïlande, en Inde, en Indonésie et dans d’autres pays. Il a été utilisé sur plus de 30 modèles étrangers et a activé plus de 130 000 utilisateurs.

Photo –  https://mma.prnewswire.com/media/1639710/image_836135_27483761.jpg

Alaska’s Vanishing Salmon Push Yukon River Tribes to the Brink

In a normal year, the smokehouses and drying racks that Alaska Natives use to prepare salmon to tide them through the winter would be heavy with fish meat, the fruits of a summer spent fishing on the Yukon River like generations before them.

This year, there are no fish. For the first time in memory, both king and chum salmon have dwindled to almost nothing and the state has banned salmon fishing on the Yukon, even the subsistence harvests that Alaska Natives rely on to fill their freezers and pantries for winter. The remote communities that dot the river and live off its bounty — far from road systems and easy, affordable shopping — are desperate and doubling down on moose and caribou hunts in the waning days of fall.

“Nobody has fish in their freezer right now. Nobody,” said Giovanna Stevens, 38, a member of the Stevens Village tribe who grew up harvesting salmon at her family’s fish camp. “We have to fill that void quickly before winter gets here.”

Opinions on what led to the catastrophe vary, but those studying it generally agree human-caused climate change is playing a role as the river and the Bering Sea warm, altering the food chain in ways that aren’t yet fully understood. Many believe commercial trawling operations that scoop up wild salmon along with their intended catch, as well as competition from hatchery-raised salmon in the ocean, have compounded global warming’s effects on one of North America’s longest rivers.

The assumption that salmon that aren’t fished make it back to their native river to lay eggs may no longer hold up because of changes in both the ocean and river environments, said Stephanie Quinn-Davidson, who has worked on Yukon River salmon issues for a decade and is the Alaska Venture Fund’s program director for fisheries and communities.

Looking for ‘smoking gun’

King, or chinook, salmon have been in decline for more than a decade, but chum salmon were more plentiful until last year. This year, summer chum numbers plummeted and numbers of fall chum — which travel farther upriver — are dangerously low.

“Everyone wants to know, ‘What is the one smoking gun? What is the one thing we can point to and stop?’ ” she said of the collapse. “People are reluctant to point to climate change because there isn’t a clear solution … but it’s probably the biggest factor here.”

Many Alaska Native communities are outraged they are paying the price for generations of practices beyond their control that have caused climate change — and many feel state and federal authorities aren’t doing enough to bring Indigenous voices to the table. The scarcity has made raw strong emotions about who should have the right to fish in a state that supplies the world with salmon, and it underscores the powerlessness many Alaska Natives feel as traditional resources dwindle.

The nearly 3,200-kilometer (2,000-mile) Yukon River starts in British Columbia and drains an area larger than Texas in both Canada and Alaska as it cuts through the lands of Athabascan, Yup’ik and other tribes.

The crisis is affecting both subsistence fishing in far-flung outposts and fish processing operations that employ tribal members in communities along the lower Yukon and its tributaries.

“In the tribal villages, our people are livid. They’re extremely angry that we are getting penalized for what others are doing,” said P.J. Simon, chairman and chief of the Tanana Chiefs Conference, a consortium of 42 tribal villages in the Alaska interior. “As Alaska Natives, we have a right to this resource. We have a right to have a say in how things are drawn up and divvied up.”

More than a half-dozen Alaska Native groups have petitioned for federal aid, and they want the state’s federal delegation to hold a hearing in Alaska on the salmon crisis. The groups also seek federal funding for more collaborative research on the effects that ocean changes are having on returning salmon.

Citing the warming ocean, Republican Governor Mike Dunleavy requested a federal disaster declaration for the salmon fishery this month and has helped coordinate airlifts of about 41,000 kilograms (90,000 pounds) of fish to needy villages. The salmon crisis is one of the governor’s top priorities, said Rex Rock Jr., Dunleavy’s adviser for rural affairs and Alaska Native economic development.

A vital tradition

That’s done little to appease remote villages that are dependent on salmon to get through winter, when snow paralyzes the landscape and temperatures can dip to minus 29 C (minus 20 degrees Fahrenheit) or lower.

Families traditionally spend the summer at fish camps using nets and fish wheels to snag adult salmon as they migrate inland from the ocean to the place where they hatched so they can spawn. The salmon is prepared for storage in a variety of ways: dried for jerky, cut into fillets that are frozen, canned in half-pint jars or preserved in wooden barrels with salt.

Without salmon, communities are under intense pressure to find other protein sources. In the Alaska interior, the nearest road system is often dozens of miles away, and it can take hours by boat, snowmachine or airplane to reach a grocery store.

Store-bought food is prohibitively expensive for many: 3.8 liters (1 gallon) of milk can cost nearly $10, and a pound of steak was recently $34 in Kaltag, an interior village about 528 kilometers (328 air miles) from Fairbanks. A surge in COVID-19 cases that has disproportionately hit Alaska Natives has also made many hesitant to venture far from home.

Instead, villages sent out extra hunting parties during the fall moose season and are looking to the upcoming caribou season to meet their needs. Those who can’t hunt themselves rely on others to share their meat.

“We have to watch our people because there will be some who will have no food about midyear,” said Christina Semaken, 63, a grandmother who lives in Kaltag, an Alaska interior town of fewer than 100 people. “We can’t afford to buy that beef or chicken.”

Semaken hopes to fish next year, but whether the salmon will come back remains unknown.

Tribal advocates want more genetic testing on salmon harvested from fishing grounds in Alaska waters to make sure that commercial fisheries aren’t intercepting wild Yukon River salmon. They also want more fish-tracking sonar on the river to ensure an accurate count of the salmon that escape harvest and make it back to the river’s Canadian headwaters.

Loss of sea ice

Yet changes in the ocean itself might ultimately determine the salmon’s fate.

The Bering Sea, where the river meets the ocean, has had unprecedented ice loss in recent years, and its water temperatures are rising. Those shifts are throwing off the timing of the plankton bloom and the distribution of small invertebrates that the fish eat, creating potential chaos in the food chain that’s still being studied, said Kate Howard, a fisheries scientist with the Alaska Department of Fish and Game. Researchers have also documented warming temperatures in the river that are unhealthy for salmon, she said.

Because salmon spend time in both rivers and the ocean during their unique life cycle, it’s hard to pin down exactly where these rapid environmental changes are most affecting them, but it’s increasingly clear that overfishing is not the only culprit, Howard said.

“When you dig into all the available data for Yukon River salmon,” she said, “it’s hard to explain it all unless you consider climate change.”

Alaska Natives, meanwhile, are left scrambling to fill a hole in their diet — and in centuries of tradition built around salmon.

On a recent fall day, a small hunting party zoomed along the Yukon River by motorboat, scanning the shoreline for signs of moose. After three days, the group had killed two moose, enough to provide meat for seven families, or about 50 people, for roughly a month in their small community of Stevens Village.

At the end of a long day, they butchered the animals as the Northern Lights blazed a vibrant green across the sky, their headlamps piercing the inky darkness.

The makeshift camp, miles from any road, would normally host several dozen families harvesting salmon, sharing meals and teaching children how to fish. On this day, it was eerily quiet.

“I don’t really think that there is any kind of bell out there that you can ring loud enough to try to explain that type of connection,” said Ben Stevens, whose ancestors founded Stevens Village. “Salmon, to us, is life. Where can you go beyond that?”

Source: Voice of America

European-Japanese Space Mission Gets First Glimpse of Mercury

A joint European-Japanese spacecraft got its first glimpse of Mercury as it swung by the solar system’s innermost planet while on a mission to deliver two probes into orbit in 2025.

The BepiColombo mission made the first of six flybys of Mercury at 11:34 p.m. GMT Friday, using the planet’s gravity to slow the spacecraft down.

After swooping past Mercury at altitudes of under 200 kilometers (125 miles), the spacecraft took a low-resolution black-and-white photo with one of its monitoring cameras before zipping off again.

The European Space Agency said the captured image shows the Northern Hemisphere and Mercury’s characteristic pock-marked features, among them the 166-kilometer-wide (103-mile-wide) Lermontov crater.

The joint mission by the European agency and the Japan Aerospace Exploration Agency was launched in 2018, flying once past Earth and twice past Venus on its journey to the solar system’s smallest planet.

Five further flybys are needed before BepiColombo is sufficiently slowed down to release ESA’s Mercury Planetary Orbiter and JAXA’s Mercury Magnetospheric Orbiter. The two probes will study Mercury’s core and processes on its surface, as well as its magnetic sphere.

The mission is named after Italian scientist Giuseppe “Bepi” Colombo, who is credited with helping develop the gravity assist maneuver that NASA’s Mariner 10 first used when it flew to Mercury in 1974.

Source: Voice of America

ANGOLAN PRESIDENT SENDS MESSAGE TO SÃO TOME’S COUNTERPART

Luanda – A message from Angolan Head of State João Lourenço was delivered Saturday to São Tome’s counterpart, Carlos Vila Nova.

The letter was delivered by the Vice President of Republic, Bornito de Sousa, during an audience granted to him.

Bornito de Sousa arrived in the archipelago on Friday morning to represent the Angolan Head of State in the inauguration ceremony of Carlos Vila Nova.

“We took this opportunity to once again highlight the potential of the relations that exist between the two countries,” Bornito de Sousa told the press at the end of the meeting.

According to the Vice President of Republic, the potential of relations between the two countries can be better used in the future.

In November 2020, Bornito de Sousa was in São Tomé and Príncipe to attend the funeral ceremonies of the former president of the National Assembly of that country, Alcino Pinto.

At the time, Vice President Bornito de Sousa was the bearer of a message from President João Lourenço to the then Head of State of São Tomé and Príncipe, Evaristo Carvalho.

Angola and São Tomé and Príncipe formalised bilateral cooperation in February 1978, through the General Agreement on Friendship and Cooperation, and the Joint Bilateral Commission created in January 1980.

Source: Angola Press News Agency

COVID-19: ANGOLA WITH 527 NEW CASES, 7 DEATHS

Luanda – Health authorities reported Saturday 527 new cases, 7 deaths and 39 recoveries, according to the daily bulletin.

The source states that 489 new cases were detected in Luanda, 11 in Huambo, 10 in Cuanza Norte, 7 in Cabinda, 6 in Zaire, 2 in Huíla and 2 in Namibe.

The list, which includes patients aged 2 months to 82 years, has 244 men and 283 women.

Deaths were recorded in Luanda, with 5, Cuanza Norte 1 and Huambo also 1.

Among those recovered, 15 are residents in Huambo, 13 in Namibe, 7 in Luanda, 3 in Huíla and 1 in Moxico.

In the last 24 hours, the laboratories have processed 5,559 samples, with a daily positivity rate of 9.5 percent.

In the internment centers there are 319 patients, 123 in institutional quarantine and 4,648 contacts of positive cases are under epidemiological surveillance.

The country’s global tally stands at 58,603 infections, 1,574 deaths, 48,118 recoveries and 8,911 active patients.

Source: Angola Press News Agency

FIVE DEBUTANTS JOIN AMPUTEE NATIONAL FOOTBALL TEAM

Huambo – Angola’s pre-national team for the African Cup of football for amputees, to be played on November 25 – December 5, in Dar es Salaam (Tanzania), includes five debutants compared to the group that won the previous edition, Benguela ‘2019.

They are goalkeeper António Maria from Misto do Cuanza Norte, defenders Francisco Amaro (1 de Junho de Viana), Paciência Félix and Marcelino Alfredo (both from Misto de Viana) and forward Lucas Fungulo (03 de Dezembro do Moxico).

Still, in the pre-team summoned Saturday by the national coach, Baptista Chieto, after the end of the National Championship, won by Misto do Huambo, also features goalkeeper Sebastião Cacumba (Misto do Huambo) and striker José José Candieiro (Misto do Huambo) and Alberto Adelino (Misto do Viana).

Check below de list:

Goalkeepers: José Mateus (1 Junho de Viana), Augusto Lilito (03 Dezembro do Moxico), Sebastião Canjuloca (Misto do Huambo) and António Maria (Misto do Cuanza Norte).

Defenders: Celestino Elias (Misto do Huambo), Francisco Amaro (1 de Junho de Viana), Paciência Félix (Misto de Viana), Rocha Manuel and Manuel Dingate (Misto de Benguela).

Midfielders: Laurindo Lucamba (Misto do Huambo), Hilário Kufula (Misto de Benguela), Jesus Morais (Misto de Viana), Marcelino Alfredo (Misto de Viana) and Neves Sonhi (3 de Dezembro do Moxico).

Forwards: José Candieiro (Misto do Huambo), Sabino António Joaquim and Lucas Elias Fungula (3 de Dezembro do Moxico), Heno Guilherme (1 de Junho de Viana), Francisco João (Misto do Cuanza Norte),João Chiquete and Catarino de Carvalho, who evolve in Turkey.

The team will meet on the 9th, in Luanda, for the first phase of preparation until the 23rd.

From the 24th of October to the 14th of November, the second phase of preparation will take place in Benguela, and a training is scheduled for 15 – 24 November, in South Africa.

Source: Angola Press News Agency

VICE PRESIDENT ATTENDS INAUGURATION OF SÃO TOME’S PRESIDENT-ELECT

Luanda – Angola’s Vice President Bornito de Sousa witnessed Saturday, on behalf of the Angolan Head of State, João Lourenço, the inauguration of the President-elect of São Tomé and Príncipe, Carlos Vila Nova, whose event took place at the Parliament.

“I must say that we have just attended the inauguration ceremony of the President-elect of São Tomé and Principe”, Bornito de Sousa told the press at the end of the ceremony.

Bornito de Sousa also delivered a message from President João Lourenço to his São Tomé and Principe counterpart.

Inauguration of Carlos Vila Nova

The new President of São Tomé and Príncipe, Carlos Vila Nova, started Saturday a five-year term with pledge of “fulfilling and enforcing the Constitution and laws, defend national independence, promote economic, social and cultural progress of his people”.

.Held at the headquarters of the National Assembly, the inauguration ceremony gathered, among other figures, Heads of State of Guinea Bissau, Umaro Sissoco Embaló, and of Portugal, Marcelo Rebelo de Sousa.

Nigeria was represented by the Vice President Yemi Osinbajo, while the Equatorial Guinea by the President of the Chamber of MPs, Gaudêncio Mesu, with Gabon having been represented by National Assembly Speaker Faustin Boukoubi, and Cabo Verde by the Minister of Foreign Affairs, Cooperation and Integration Regional, Rui Figueiredo Soares.

Delivering his first speech as President of all São Toméans, Carlos Vila Nova asked for unity to avoid “the waste of division”.

The 65-year-old successor to Evaristo Carvalho wants the archipelago to “open up to the world”, with drastic changes in international cooperation.

In his speech, the Statesman stated that the “people made their choice”, and highlighted the “peaceful” democratic alternation in the country.

“Never has a presidential election been so disputed in our country and with such an uncertain outcome. The world looked at our country with apprehension. Nobody doubts in these circumstances that all the credit belongs to the people,” he stressed.

Source: Angola Press News Agency