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VFD Group: We Are Investing in The Humans Of VFD

Behind VFD Group Plc’s successes are multitalented men and women who work hard every day to contribute their quota to the growth of the Company. These members of our workforce continue to go to the limits to create exceptional value that enhances our business goals and corporate objectives.

We call them “humans of VFD” because they continue to make magic happen while building a culture of dedication, resilience, passion, and progress. For this, we remain thankful.

As an organization responsible for our “humans of VFD,” we prioritize professional development, employee health and well-being, accelerated career progressions and competitive rewards. We recognize the importance of a good education, work-life balance, and the growth of our employees’ careers. This is why we tend to reward our employees with the best opportunities that support them for the future.

Today we acknowledge the huge sacrifices Timi Omoboboye has made to ensure we continue to build a truly diverse ecosystem and we would like to use this opportunity to celebrate him as we send him off and foot the bill for his education in the United Kingdom.

As the Executive Assistant to our Group Managing Director, Nonso Okpala, Timi goes “warrior” on us whenever he is assigned a task. Combined with his previous education and experience in finance, he always has an intelligent opinion to share with the team.

Timi made an impact in our lives from the very first day he resumed as Team Lead, FX Operations at VFD Group Plc till today by displaying a high regard for corporate excellence. Just like every employee at VFD Group Plc, Timi is being rewarded because we understand what it takes to be goal-oriented at our organization.

Thank you, Timi! You deserve the absolute best for helping us be a truly industry-agnostic proprietary investment company.

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Errandpay Takes On African FinTechs, MFBs And MFIs With Agency Banking And PoS Terminals

In 2018, Errandpay Chief Technology Officer; Paul Dureke and his Co-Founders went on an adventure to Sub-Saharan Africa. Typical of tourists, they visited a country without enough United States Dollars and had to seek diverse options to convert any available cash they had to the local currency available.

Unfortunately for these Founders, they quickly found out that their international Commercial Debit Cards and other payment options were useless. They began to think of how many other people experienced the same problem and slowly, the idea to build a fintech like Errandpay began.

Today, Errandpay offers agency banking applications and affordable point of sales (PoS) terminals to Fintechs, Microfinance Banks and Microfinance Institutions across Ghana, Nigeria, Kenya, Rwanda, Cameroon, Côte d’Ivoire, Uganda, and the Benin Republic.

So far, Errandpay has had partnerships across Africa to access over 100,000 payout points and has now served over one million customers with its 12,000 direct payout locations in the continent.

How Does Errandpay Help FinTechs, MFBs and MFIs?

Quite simply, the platform allows an “aboki” in Kaduna to operate a PoS machine that can serve his entire neighborhood. This “aboki” also has access to information about how his family and friends can repay loans, earn money, and share financial burdens. Information any Fintech, MFB and MFI will be happy to have.

Errandpay can make lending, insurance and investment products, credit card payments, registration for different services and so on easier so its partners can avoid unreasonably high charges.

Any bank or financial institution can also easily be integrated on Errandpay’s API, and this serves as an opportunity for them to leverage the platform to expand its reach across Africa. More people have access to financial services and more banks have access to more customers.

Regular problems that FinTechs MFBs and MFIs face like recruiting and managing developers, setting, and meeting timelines, projecting, collecting, and aggregating vendors, negotiating with other banks, customer onboarding and documentation can now be reduced.

While answering questions from the press on its unique approach to MFBs, MFIs and FinTech’s, Paul Dureke explained that the platform has been successful because the team has focused all resources on providing technology that can cater to the African markets and financial institutions.

“With Africa in mind from day one, we have built technology that has considered several use cases, integrated multiple corridors, and can facilitate the operations of other financial institutions. Building technology is difficult and time-consuming, so we have made developer-friendly and easy-to-integrate APIs readily available for all our partners. From white labeled services to aggregation of major services and an ability to integrate seamlessly to any core banking platform in Africa, Errandpay’s features are fully customisable to the needs of any potential partner. FinTechs, MFBs and MFIs can worry less about building technologies and focus more on strengthening their structures through the platform.”

The Company is licensed as a Super-Agent in Nigeria by the CBN’s Payment Service Bank license and has since had a 50% month-on-month growth rate.

Does Errandpay Make Any Money?

Definitely, Errandpay makes money from every transaction made and every time, their API is being used. However, the Company requires major collaborations in the financial sector to boost the inclusion it seeks to redress in Africa.

“In the past ten years across the Sub-Saharan Africa region, collaboration has driven the fintech revolution. One of ErrandPay’s core strategies is collaborations with Microfinance banks, financial institutions, Aggregators, agents, fintech companies and lots more. We have built our technology for ambitious banks, organisations, Founders and CEOs looking to scale super-fast,” stated Ajibola Awojobi; CEO, Errandpay.

Onboarding on Errandpay is free. The platform is accessible on errandpay.com or via the mobile app on both the iOS and Android devices, while its ever-supportive technical team are available 24/7 at hello@errandpay.com.

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How Errandpay is driving financial inclusion across Sub-Saharan Africa by powering Fintechs, MFBs and MFIs 

Many financial organisations believe that Fintechs, Microfinance Banks (MFBs), and Microfinance Institutions (MFIs) are seventh heavens in the global effort to alleviate poverty in Sub-Saharan Africa. Unfortunately, this impression is very far from reality. 

Filtering through the World Bank’s 2021 report on Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19, one would find that over 65% of the region still has limited access to deposit and credit facilities provided by financial institutions.

Not only are these financial services essential to the growth of small and medium-scale enterprises (SMEs), they are integral to improving the money markets and fostering social development amongst individuals. 

Fintechs, MFIs and MFBs require more technologically-driven solutions, proper bookkeeping and reporting mechanisms, clear credit policies and better internal controls to provide these life-altering services. Fortunately, Errandpay’s robust agency banking and mobile money models promise to enhance such solutions. 

Errandpay is a fintech company operating across Nigeria, Ghana, Kenya and Uganda, providing financial services providers with agency banking applications and affordable point of sales (PoS) terminals, amongst other innovative products for processing real-time transactions. 

The company’s agency banking solution is entirely white label and reduces major obstacles in go-to-market strategies banks experience. Banking stressors like recruiting and managing developers, setting and meeting timelines, projecting, collecting and aggregating vendors, negotiating with other banks, customer onboarding and documentation are eliminated. Time spent on these stressors is reduced from years, sometimes months, to days. 

Agency banking, also known as branchless banking, usually allows banks to expand their branches, reach and customers by using authorised agents who can offer banking services like deposit and credit facilities using authorised PoS machines. 

A more detailed description; Aliyu, an Hausa retailer in the North Eastern part of Nigeria, has been authorised to operate a PoS machine by a bank. Aliyu helps his family, neighbours, and friends send, receive and withdraw money using his PoS machine. Through Aliyu, the bank can reach more customers in indigenous areas. Aliyu can earn additional income from commissions from each transaction he processes on his PoS device. 

As an agent, Aliyu is in the best position to help his bank make lending decisions because he is more familiar with his customers. He knows their repayment capacity, financial stability, credit ratings, etc. These insights can help his bank maintain its asset quality. 

Errandpay is passionate about driving financial inclusion by ensuring its API can easily be integrated by any financial institution planning to leverage the platform to expedite its expansion plans across the continent.

In a recent chat with Errandpay’s Chief Technology Officer, CTO Paul Dureke, he explained that the platform helps facilitate the operations of other financial institutions, 

“Building technology is difficult and time-consuming, so we have made developer-friendly and easy-to-integrate APIs readily available for all our partners. From white labelled services to aggregation of major services and an ability to integrate seamlessly to any core banking platform in Africa, Errandpay’s features are fully customisable to the needs of any potential partner. Fintechs, MFBs and MFIs can worry less about building technologies and focus more on strengthening their structures through the platform”.

Errandpay’s vision is to transform authorised agents into human MFBs. However, this dream can only be actualised through more partnerships.

“As we have rightly seen in the past 10 years across the Sub Saharan Africa region, the fintech revolution has been chiefly driven by collaboration. One of ErrandPay’s core strategies is collaborations with Microfinance banks, financial institutions, Aggregators, agents, fintech companies and lots more. We have built our technology for ambitious banks, organisations, Founders and CEOs looking to scale super fast,” stated Paul Dureke. 

Since March 2022, Errandpay’s products have significantly improved many people’s financial lives through its 15 special fintech partners across Africa. The platform can facilitate lending, insurance and investment products, credit card payments, registration for different services and so on, while its partners avoid additional charges for using the platform.  
Onboarding on Errandpay is free. The platform is accessible on errandpay.com and/or its app on iOS and Android devices, while its ever-supportive technical team can be reached at hello@errandpay.com

320 129 Abiola Bonuola

ARTSPLIT’S MOCONA Auction Grows Value Of Artworks By An Average Of 14% 

ARTSPLIT, the pioneer art trading platform for African art, closed its split and lease online auction MOCONA – a Modern and Contemporary African Arts, on Sunday, 31st of July, with a closing event and exhibition at Hourglass Gallery, attended by the creme of the Lagos art scene and exhibiting artists; Edosa Ogiugo, El-Dragg Okwoju and Abiodun Olaku. The total value of bids placed was $57,000 for the five artworks, with an average growth value of 14%.

Rite of Passage by Oliver Enwonwu

This first-of-its-kind auction, titled Ode to Mastery, took place from 15 – 31 July, and featured five prominent Nigerian artists who are key drivers of the contemporary art scene on the continent: Abiodun Olaku, Duke Asidere, Edosa Ogiugo, El-Dragg Okwoju and Oliver Enwonwu. 

The ARTSPLIT app allows users to own fractions of prominent African artworks, also known as “Splits,” and keep or trade them on the app if they win the “Split Auction.” The Splits allow multiple people to co-own a single iconic piece of art, which no other art platform allows. Users can also participate in a ‘Lease Auction’ on the app to win physical custody of these split artworks for a set period. 

ARTSPLIT curated the MOCONA Auction to further put African art and artists at the forefront. ARTSPLIT highlights the importance and value of the works, and welcomes a global audience to its app, where users can experience, invest and earn.

Each of the 5 artworks were divided into 100,000 units for auction. All works in the auction were fully subscribed to, and lease contracts on the works were taken up for the next 24 months. The artwork Euphoria by the artist El-Dragg Okwoju saw the most significant increase in value by 20%, with 100,000 units purchased under a Split contract, increasing the reserve price of 0.10 to 0.12, with a new value of $12,000. Market Day in Dalston, London by Edosa Ogiugo grew by 17% with a new value of $14,000; Rite of Passage by Oliver Enwonwu grew by 13% with a new value of $9,000; The Death of Honour by Duke Asidere grew by 10% with a new value of $11,000 and The Seeker (Portrait of a Beggar) by Abiodun Olaku grew by 10% with a new value of $100,000. The top markets by bid value are located in Nigeria, the UK and South Africa.

The event follows the successful inaugural auction held in May, where Ben Enwonwu’s 1977 artwork ‘Agbogho Mmuo’ from the Ogolo series was valued at $105,000, as well as ARTSPLIT’s debut at the 59th Venice Biennale, where the platform partnered with The African Art in Venice Forum (AAVF) and the South African pavilion at the 59th Venice Biennale in 2022. 

By presenting MOCONA, ARTSPLIT intends to raise the profile of these artists further and introduce them to a new set of diverse art collectors and investors, which would ultimately boost the status of both their works and the platform. Indeed, this is the new ART ECONOMY!

About ARTSPLIT:

ARTSPLIT is an art trading technology company driven by one common goal; enhancing the investment status of African art by allowing users to co-own rare and valuable artworks on a platform that guarantees price discovery and market liquidity.  

Our mission is to position African art & artists as the preferred alternative investment choice by developing the African art ecosystem through technology and co-ownership.  We believe that in this way, we can make wealth accessible through alternative investments. 

The platform (ARTSPLIT mobile app) allows art lovers to own fractions (also known as Splits) of prestigious African artworks, which they can trade in real-time. ARTSPLIT also provides opportunities for owners of investment-grade African art to list their works and have them evaluated and sold to members of our community. ARTSPLIT also offers advisory and management services for art collectors, which are personalised to requirements to manage art portfolios online fully and on offline platforms.

To find out more about ARTSPLIT, send an email at info@artsplit.com or visit www.artsplit.com.

You can also call or WhatsApp our mobile at +234(0)9088962169 and follow @artsplitofficial on Twitter, Instagram, and Facebook.

ARTSPLIT can be downloaded on App Store and Google Play Store.

2339 1978 Abiola Bonuola

ARTSPLIT Launches Modern and Contemporary Nigerian Arts (MOCONA) Auction

…With a VIP Closing Event on July 31st by 6 pm at Hourglass Gallery.

ARTSPLIT, the pioneering art trading platform for African art, will launch the maiden edition of a MOCONA (Modern and Contemporary Nigerian Arts) Auction for two weeks from 15 to 31 July 2022. This first-of-its-kind auction, titled Ode to Mastery, will feature five prominent Nigerian artists who are key drivers of the contemporary art scene on the continent: Abiodun Olaku, Duke Asidere, Edosa Ogiguo, El-Dragg Okwoju and Oliver Enwonwu.

The MOCONA auction will be a split auction, followed by a lease auction of individual works from the 5 artists. The works will also be available for physical viewing at Hourglass Gallery – 979 Saka Jojo St, Victoria Island 106104, Lagos for the duration of the auction. https://www.artsplit.com/mocona

The ARTSPLIT app allows users to own fractions of prominent African artworks, also known as “Splits,” and keep or trade them on the app if they win the “Split Auction.” The Splits allow multiple people to co-own a single iconic piece of art, which no other art platform allows. Users can also participate in a ‘Lease Auction’ on the app to win physical custody of these split artworks for a set period.

The MOCONA auction follows a successful inaugural auction held in May, where Ben Enwonwu’s 1977 artwork ‘Agbogho Mmuo’ from the Ogolo series was valued at $105,000, as well as ARTSPLIT’s debut at the 59th Venice Biennale, where the platform partnered with The African Art in Venice Forum (AAVF) and the South African pavilion at the 59th Venice Biennale in 2022.

The complete list of works available at the auction and links to buy splits are as follows:

Abiodun Olaku, ‘The Seeker’ (Portrait of a beggar), 1994

El-Dragg Okwoju, Euphoria, 2022

Duke Asidere, The Death of Honour, 2022
Edosa Ogiugo, Market Day in Dalston, London, 2017
Oliver Enwonwu, Rite of Passage, 2022

By presenting MOCONA, ARTSPLIT intends to raise the profile of these artists further and introduce them to a new set of diverse art collectors and investors, which would ultimately boost the status of both their works and the platform. Indeed, this is the new ART ECONOMY!

About the featured Artists

Famed for his highly finished and detailed depictions of Nigeria’s cities and landscapes, Abiodun Olaku is generally considered one of the country’s most accomplished oil painters. Olaku largely works in the traditional medium of oil; however, his work is not stuck in the past. The artist explores new horizons within established methods and techniques open to innovation.

https://www.artsplit.com/mocona

El-Dragg Okwoju is an esteemed oil painter known for his vibrant depictions of Nigerian culture. Women are the subject matter at the core of Okwoju’s practice, often caught in an abstracted and ephemeral moment of ordinary life like dancing and celebrating life.

Duke Asidere expresses himself in thick, bold strokes through various media, including pencil work, oil, acrylic, pastels and transparencies. Having been raised in a female household, he has become known for his inquisitive portrayal of women in works that explore concepts like politics, society, culture and psychology – his architectural series offers a fresh perspective of Africa and his number plate and spray series have underlying political statements. https://www.artsplit.com/mocona

Edosa Ogiguo is one of Nigeria’s most famous artists for his large canvasses of equestrian and dancing scenes. His fascination with horses began after a visit to his wife’s family in northern Nigeria. For Ogiugo, the technical challenges of mastering his subject matter inspire him more than anything else.

Oliver Enwonwu comes from a long line of remarkable artists, such as his grandfather, a reputable traditional sculptor, and his father, Ben Enwonwu, widely known and celebrated as Africa’s most celebrated pioneer modernist. Enwonwu interrogates the complex layers of history between Africa and the West in his work.

About ARTSPLIT:

ARTSPLIT is an art trading technology company driven by one common goal; enhancing the investment status of African art by allowing users to co-own rare and valuable artworks on a platform that guarantees price discovery and market liquidity.  Our mission is to position African art & artists as the preferred alternative investment choice by developing the African art ecosystem through technology and co-ownership.  We believe that in this way, we can make wealth accessible through alternative investments.

The platform (ARTSPLIT mobile app) allows art lovers to own fractions (also known as Splits) of prestigious African artworks, which they can trade in real-time. ARTSPLIT also provides opportunities for owners of investment-grade African art to list their works and have them evaluated and sold to members of our community.

ARTSPLIT also offers advisory and management services for art collectors, which are personalised to requirements to manage art portfolios online fully and on offline platforms.

To find out more about ARTSPLIT, send an email at info@artsplit.com or visit www.artsplit.com.

You can also call or WhatsApp our mobile at +234(0)9088962169 and follow @artsplitofficial on Twitter, Instagram, and Facebook.

ARTSPLIT can be downloaded on App Store and Google Play Store.

1348 416 Abiola Bonuola

VFD Group supports Africa Social Impact Summit, advocates SDGs

VFD Group Plc, in collaboration with Sterling One Foundation, will support this year’s Africa Social Impact Summit in Abuja from Wednesday, July 13 to Thursday, July 14, 2022, as part of its CSR objectives.

The Summit, titled “Rethink, Rebuild, Recover: Accelerating Growth for the SDGs,” will provide an excellent opportunity for the Group to encourage and foster conversations among members of the private and public sectors, industry experts, policymakers, impact investors, entrepreneurs, civil society organisations, and African leaders that will usher in market-led solutions aimed at achieving the SDGs by 2030.

“VFD Group Plc is leveraging both local and global expertise to drive long-term positive impact.” We believe that if we have meaningful partnerships that result in measurable SDG achievement, we have a better chance of creating a truly diverse business ecosystem that yields significant results across Nigeria and Africa,” Nonso Okpala, the Group’s Managing Director, said on the partnership.

Olu Salami, Head, Strategy, Investment Management, and Corporate Performance at VFD Group Plc, stated at the Summit that “education is key to economic growth, so we are committed to creating and executing lasting home-grown solutions like educating future generations to ensure they have adequate resources to thrive in years to come.”

Education, according to Article 26 of the 1948 Universal Declaration of Human Rights, is a passport to human development that opens doors and expands opportunities and liberties. VFD Group Plc is committed to addressing Africa’s challenges, particularly in technology, empowerment, and healthcare, by encouraging collaborations on long-term job creation and strategies that ensure diverse viable pathways from education to employment.

VFD Group Plc, as an industry-agnostic proprietary investment firm, is constantly promoting and participating in public and private sector discussions and programmes that aid in the sustainable development of indigenous economies.

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Nairaex Bids For More Industry Policies, Empowers Web3 Teams With Over N1 million

Nigeria’s most trusted cryptocurrency exchange company, Nairaex is building an enabling environment for the Web3 industry by empowering technology teams, advocating for more policies and regulations and sponsoring the Techpoint Africa Blockchain Summit at Four Points by Sheraton, Lagos.   

The Nairaex brand gave tech experts, Developer teams, Founders, blockchain entrepreneurs, policy experts and tech businesses an educative and indelible impression at the Summit showcasing emerging technologies like cryptocurrencies, NFTs and other innovations in the industry.

According to Nairaex, sponsoring the event is a part of its commitment to supporting blockchain development and driving education in Nigeria to stimulate technological growth. 

Speaking at a panel session on Web3 and regulations, Nairaex Growth Manager, Yomi Bilewomo said that, “There is room for the cryptocurrency industry to contribute to the rules and regulations governing them. Tech enthusiasts must explore a way for the government to have both the centralized and decentralized systems obtainable in Nigeria.”  

He added, “We believe that with proper regulations and support, the Cryptocurrency market can be an economic game changer for the country.” 

During the Summit, the hackathon also sponsored by Nairaex, saw judges from the tech and blockchain industry; Shard Labs Blockchain Engineer, Mayowa Tudonu; TalenQL and AltSchool Africa Co-founder, Sultan Akintunde; Africhange Chief Operating Officer, Ekene Egonu, and BetDemand Chief Executive Officer, Akinyemi Akindele and Crevatal Co-founder, Clement Hugbo award three Web3 teams for originality, design, relevance and innovation with a $2500 cash prize. 

Team Chemotronix with Africhange Chief Operating Officer, Ekene Egonu

Chemotronix Team emerged winner by receiving $1,250 (approximately N752,000) for building a prototype Internet of Things (IoT) device as part of its solution to reduce carbon emissions and other climate-related problems in Africa using the blockchain. Team Block Baddies won $750 (about N450,000) for creating a digital blockchain library that could be useful to African writers, while Team JPS earned $500 (Over N300,000) for its NFT market for digital fashion assets.

Team Block Baddies with Africhange Chief Operating Officer, Ekene Egonu
Team JPS with Africhange Chief Operating Officer, Ekene Egonu

While conversing with pressmen at the Summit, Yomi stated that funding the hackathon was an attempt to encourage more innovative blockchain-based solutions and urge more industry players to build blockchain communities in Nigeria. 

Nairaex also gave 20 Nigerian tech enthusiasts free tickets to attend the Summit through an engaging media campaign. 

Since inception, the company has been at the forefront of driving blockchain innovation,  education and regulations while providing a safe and secure platform for its users to fund their accounts easily and quickly. Nairaex, a product of Africhange Technologies, is a leading cryptocurrency exchange platform that enables on and off ramp bitcoin transactions. For more information, visit nairaex.com 

2560 1703 Abiola Bonuola

ARTSPLIT Is Set To Redefine The African Art Space With Its Maiden Online Lease Auction.

ARTSPLIT, the trail-blazing art tech platform, successfully held its first online “Lease Auction” from Monday, the 18th of April, culminating on Friday the 22nd of April 2022, just two weeks after its live debut on the 8th of April 2022. The first of its kind auction was well received by its diverse community of collectors, with the 6-months lease of two artworks by iconic African artists with their works going for $1,185.19 and $1,128.75, respectively.

The ARTSPLIT app allows its users to own fractions, also known as “Splits,” of prominent African artworks and keep or trade them on the app if they win in the “Split Auction.”

These Splits enable multiple individuals to co-own a single iconic piece of art, which is not possible on any other art platform. ARTSPLIT also allows users to participate in a ‘Lease Auction’ on the app to win physical custody of these split artworks for a set period.

Untitled” (2014) by Abdoulaye ‘Aboudia’ Diarrassouba

The two artworks that were auctioned were “Untitled” (2014) by Abdoulaye ‘Aboudia’ Diarrassouba, an Ivorian contemporary artist, and “A Still Life of Fruit with A Spanish City Beyond” (1962) by the late prominent South African artist, Irma Stern. Both works had been up for auction from Monday, the 18th of April and were due to close by midnight Friday, April 22, 2022. A flurry of late bids by enthusiastic users looking to outbid each other ensured an exciting finish to a competitive auction! For the excited winners, they will have the works delivered to them for the duration of the lease period.

“A Still Life of Fruit with A Spanish City Beyond” (1962)

Aboudia chronicles the street scene in his city of Abidjan. In his vibrant, large-scale mixed-media paintings and drawings, inspired from the aesthetics of graffiti and traditional African carvings. For Irma Stern, one of South Africa’s most outstanding artists. Africa was her “Paradise,” which inspired her artistic creativity.

The success of the lease auction is another inspiring milestone for ARTSPLIT. It demonstrates the importance of democratizing ownership of prestigious African artworks, with ARTSPLIT granting this access to a global community of art lovers. Another significance of the success of the auctions is proof of the impressive acceptance and adoption ARTSPLIT has garnered from the art community across regions and nationalities, driving the integration of African art into the global art landscape.

Hannatu Ageni-Yusuf, ARTSPLIT’s Global Head of Marketing and Communications, stated, “It has been over a week since we began our soft launch, and the reception has exceeded our expectations.” We are currently gathering feedback from our early users to improve the app’s offerings. Collectors have so far been captivated by the catalogue feature, which allows major collectors to create a digital catalogue of their collection with a planned AI feature that will provide an indicative valuation of these works based on trade data.”

The excitement does not stop here; there are still amazing artworks up for split and lease auctions on the platform. These auctions are always available and take place in real-time.

You can download ARTSPLIT HERE on the Android Play Store or iOS app store, sign up and start buying and trading with as little as $10 and become a co-owner and gain physical custodianship of any of the artworks up for auction.

Hello and welcome to the new ART ECONOMY!

About Artsplit

ARTSPLIT Limited is art trading technology company driven by one common goal: Raising African Art’s global profile by building a diverse community of African art collectors and investors. We are on a mission to introduce art as a currency and make it more accessible to invest, trade and collect African art.

Our platform (ARTSPLIT mobile app) allows art lovers to own fractions (also known as Splits) of prestigious African artworks, which they can trade in real-time. ARTSPLIT also provides opportunities for owners of investment-grade African art to list their works and have them evaluated and sold to members of our community.

ARTSPLIT also offers advisory and management services for art collectors which are personalised to requirements to manage art portfolios online fully and on offline platforms. To find out more about ARTSPLIT, send us an email at info@artsplit.com or visit www.artsplit.com.

 You can also call or WhatsApp our mobile at +234(0)9088962169 and follow @artsplitofficial on Twitter, Instagram, and Facebook.

1432 483 Abiola Bonuola

VFD Group and future of Sustainable Investments

Since 2006, the United Nations has consistently advocated for investments that take into account environmental, social, and corporate governance, ESG issues. The gradual transition to a green world, on the other hand, has been laboured by many developing countries, which require massive capital and technology to carry out.

Nigerian businesses are now implementing ESG policies that promote sustainable management, responsible investment, and economic development. VFD Group Plc, a sector proprietary investment firm, is toeing that line.

The ESG Policy of VFD Group Plc provides solutions to the renewed interest in sustainable investments that protect financial performance while also contributing to global issues such as climate change.

What is ESG?
ESG policies require corporations to consider environmental, social, and governance realities in addition to shareholder wealth in order to achieve long-term growth.

The term ESG is widely understood as a topic that includes environmental issues such as deforestation, biodiversity, and greenhouse gas emissions, pollution (air, land, and water), natural resource usage, and waste management. Human rights, labour standards in the business and supply chain, occupational and community health and safety, stakeholder engagement, a grievance mechanism, and social opportunities are examples of social issues. Governance issues include a set of rules or principles that define human rights, responsibilities, and expectations among various stakeholders in corporate governance (corporate governance and corporate actions).

VFD Group Plc’s ESG policy applies to all three sectors, ensuring compliance, good corporate governance, and transparency in its operations.

The Impact of a Green Economy
Sub-Saharan Africa is expected to experience some of the most extreme temperatures. According to a World Bank analysis, “the region is directly and indirectly exposed to the transition risks associated with climate change,” which is exacerbated by the region’s reliance on minerals, energy, and mining. Furthermore, financial sector regulations that are rapidly being implemented in the European Union and are being harmonised globally will have an impact on all companies involved in supply chains that intersect with African countries.

Global stakeholders are looking to African governments and corporations to deliver on long-term investments that generate economic returns, and top investors are pushing for metrics that show positive estimates.

According to the International Finance Corporation’s analysis of African markets, transitioning to a greener economy will increase profits for manufacturers, create more jobs, and attract more investment to the continent. A green economy, in essence, creates healthier businesses in African countries such as Nigeria.

According to a report by the Global Sustainable Investment Alliance, sustainable investments now account for more than $39 trillion in five major global markets, a 34% increase in two years.

Other studies show that over a ten-year period, sustainable investments outperformed general markets. This implies that ESG funds can generate higher long-term investment returns.

A good ESG integration in a company like VFD Group Plc will naturally assist investors in adapting to the risks of economic, social, and governance changes, as well as taking advantage of green investment opportunities.

Through effective relationships with relevant stakeholders, activists, and global organisations, the Group can accelerate economic growth for the country and its businesses.

Few organisations have developed green investment plans to keep up with the times, but corporate organisations such as VFD Group Plc, PwC, Reckitt Benckiser, and some oil and gas companies have taken up the baton and established ESG policies.

The Group’s Mandate
VFD Group Plc is at the forefront of developing future sustainable investments by implementing policies that are in line with global standards and delivering the best investment results to investors and clients.

The Group’s ESG policy prioritises managing the interests of stakeholders such as governments, regulators, clients, investors, the board, and other stakeholders.

Driven by risk management, business opportunities (market access and revenue growth), cost savings, innovation, productivity through improved management, and brand enhancement, the Group will champion the adoption of best corporate governance practises while performing fiduciary duties by ensuring financial and non-financial risks are modelled into its investment feasibility analysis and decision-making process to ensure long-term sustainable value for all shareholders.

In terms of human capital, VFD Group Plc intends to foster a unified culture based on innovation, inclusion, and diversity, as well as to ensure the recruitment, development, and retention of the best talent across the firm and investments.

The Group will ensure that all investments, loans, leases, and other services aim to reduce negative environmental impacts while enhancing positive effects, and that customers are well informed about the financial and non-financial risks associated with its savings and investment services.

The Group is dedicated to delivering the necessary innovative strategies to improve opportunities in equity investments, mortgages, leases, loans, and asset management.

“As a member of the investment sector, we recognise the importance of working with stakeholders and governments to build globally healthy economies.” As an organisation concerned with the conditions of the country’s economic growth, we promote the tenets of diversity, integrity, transparency, and sustainability,” Nonso Okpala, Group Managing Director of VFD Group Plc stated.

By aligning with the United Nations Sustainable Development Goals (UNSDGs), the Paris Agreement, and Africa Agenda 2063, the Group will advocate for public policies that are in the long-term interests of its clients and support local communities and global society toward sustainable development. These will be accomplished through the development of services and products that promote sustainable development, as well as through corporate social responsibility. VFD Group Plc will conduct business responsibly by joining the United Nations Global Compact (UNGC) and the Principles for Responsible Investment (PRI).

The ESG policy will be implemented across the VFD Group’s portfolio companies while adhering to each company’s corporate strategy, value, and economic and financial growth model. The Group has repeatedly demonstrated its ability to overcome competitive challenges, reduce risks, and improve investment performance across a wide range of markets.

Bonuola is the Founder & CEO ABCS Agency, a PR Agency for Tech Startups, VCs and Brands.

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Engaging The Government Is Crucial To The Technology And Innovation Ecosystem – VFD Group’s Executive Director, Niyi Adenubi.

As many organizations pivot to the technology industry and emerging markets continue to evolve, engaging governments and policy leaders has become imperative for corporate bodies to improve economic growth in Sub-Saharan Africa.

Niyi Adenubi who leads the Governance, Government & Subsidiary Relations at VFD Group Plc, a sector agnostic, proprietary investment company, has encouraged top and budding players in the innovation ecosystem to engage the relevant stakeholders for the development of the sector.

Speaking at a panel session on “the role of regulation & ease of doing business in reviving employment” at the LSETF Employment Summit in Lagos, Niyi stressed that, “Tech enthusiasts need to be in the room where policy conversations are being had to create a macro-environment that empowers diverse communities.”

On building these inclusive communities, he added that, “VFD Group is a sector investor and is constantly on the lookout for spirited engagements that can further growth. We believe engagement is important and we are always ready to start these conversations. Fintech has been exciting for us and we see other relevant sectors growing. We are encouraged by the government of Lagos State and we will do more to drive the conversation.”

Adenubi’s session which was moderated by Managing Partner, TNP, Baba Alakolaro, had in attendance intelligent and resourceful individuals from the corporate world including Special Adviser to the President of Nigeria on Ease of Doing Business, Dr. Jumoke Oduwole; CEO, Nigeria Economic Summit Group, Olaoye Jaiyeola; Stears Head of Intelligence, Michael Famoroti and CEO, Happy Coffee, Princess Adeyinka Tekenah.

Adenubi is a financier and investor with more than 15 years of experience working in Private Equity, Venture Capital, Financial Advisory, Institutional and Corporate banking, Investment management and other consulting sectors. He has played exceptional advisory roles to numerous firms in Nigeria and the United Kingdom, most notably with the Royal Bank of Scotland and ATOS Consulting.

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