Business
SME Scale Up Partners First Bank Nigeria in Two-Day Workshop to Ignite Business Growth

SME Scale Up, a leading initiative aimed at empowering small and medium-sized enterprises (SMEs) in Nigeria, recently partnered with First Bank Nigeria to host a two-day workshop designed to ignite organic business growth and help SMEs reach their maximum potential.The workshop, held on August 23rd and 24th, was headlined by Ziad Maalouf, the Managing Director Seven-Up Bottling Company, the Visioner of SME Scale Up; Oyeyimika Adeboye, the MD of Mondelez; and Seleem Adegunwa, the MD of Rite Foods. These industry leaders shared their invaluable insights and experiences with a captivated audience of SME owners.

The event, aptly titled “From Seedling to Sequoia,” was a unique and dynamic experience featuring insightful lectures, interactive discussions, and practical business simulations. Participants were immersed in a stimulating learning environment, gaining valuable knowledge and skills to enhance their entrepreneurial journeys in a cosy environment.
One of the standout features of the workshop was the deployment of customized business simulations tailored to various topics, including leadership, networking, commercial acumen, and cash management. These simulations provided participants with hands-on experience and allowed them to apply the lessons learned in real-world scenarios.

Oyeyimika Adeboye, Managing Director of Mondelez West Africa, in her session highlighted the importance of leadership skills in sustaining growth and development for SMEs whilst Seleem Adegunwa, Managing Director of Rite Foods, shared the mindset behind the Ritefood innovation story, highlighting SMEs need to thrive in today’s evolving business landscape harping on the fact that the excellence is a choice that SME owners must embrace. The SME Scale Up initiative, envisioned by the MD, Seven-Up Bottling Company, Ziad Maalouf, aims to enable Nigerian SME owners to scale up their businesses and contribute to the country’s economic growth. By sharing time-tested entrepreneurial lessons and providing support, the initiative which seeks to create one million jobs in Nigeria by 2035 is being supported by Seven-Up Bottling Company, Rite Foods, Mondelez, First Bank and the United Nations Industrial Development Organization (UNIDO).

The workshop was a resounding success, with participants expressing immense gratitude for the valuable insights and practical guidance they received. Aniakor Leonard, a participant, shared his enthusiasm, saying, “I just want to appreciate the organisers for an impactful workshop on all of us. I never attended such an inspiring, challenging, and educative program.”Mosunmola of the Menopause Support Initiative also expressed her appreciation, stating, “A very big thank you to the organizers for this timely initiative. You have changed my mindset. I don’t have to remain small.”The partnership between SME Scale Up and First Bank Nigeria marks a significant step towards empowering Nigerian SMEs and fostering a thriving entrepreneurial ecosystem. By providing access to knowledge, resources, and networking opportunities, the initiative is helping SMEs realize their full potential and contribute to Naija’s economic development. Other industry captains present at the workshop include Head of Wholesale Business, Firstbank Nigeria, Bolatito Akiboye; GM Business Optimization, Intelligence and Tech. Dominion Izedonmi and National Head of Sales, Emeka Anowai and Segun Ogunleye. GM Marketing, Seven-Up Bottling Company.
Business
Verve Expands Into UEMOA: Connecting Millions to Seamless Digital Payments Across West Africa

Verve, Africa’s largest domestic payments card and token brand, has taken a significant step towards expanding its Pan-African presence by officially launching card acceptance across countries in the West African Economic and Monetary Union (UEMOA) region, including Senegal, Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, and Togo, among others. This marks a significant milestone in Verve’s journey to building a truly interconnected African payment network.

This expansion is powered by a strategic partnership with GIM-UEMOA, the regional payment switch facilitating interoperability and financial inclusion across the UEMOA region, connecting banks and financial institutions in Francophone Africa. GIM-UEMOA provides the ideal platform to scale Verve’s reach in the region, offering a seamless connection between financial institutions, businesses, and consumers. At its core, this partnership is about expanding access, unlocking opportunity, and driving shared progress.

Through this collaboration, Verve is enabling millions of new users and businesses to access seamless, secure, and inclusive payment experiences, while reinforcing its commitment to innovation that meets the continent’s evolving financial needs.For consumers, this means the ability to use Verve cards across borders, connect with a wider network of merchants and services, and participate more fully in Africa’s growing digital economy. For businesses and financial institutions, it opens the door to new growth opportunities by providing access to a broader, digitally enabled customer base.This isn’t Verve’s first bold step. Over the years, the brand has formed strong alliances with global platforms such as Google, AliExpress, Temu, Netflix, Amazon Prime, and Spotify, among others. These partnerships allow Verve cardholders to easily access digital content, lifestyle perks, and everyday functionality, positioning Verve as not just a payment card, but a trusted lifestyle companion.In keeping with its commitment to consumer engagement, Verve continues to celebrate and reward its users through initiatives like the Verve GoodLife Promo, a campaign that rewards cardholders with exciting perks for everyday transactions. With the expansion into UEMOA, users across these new markets, including tourists, visiting consumers and entrepreneurs, can now look forward to the same rewarding experience that Verve cardholders enjoy in other parts of Africa.As Verve’s presence grows across the continent, so does its promise to deliver more value, convenience, and memorable experiences to users in every market it enters. This expansion into the UEMOA region brings Verve closer to its vision of connecting Africa through secure and inclusive digital payment solutions. It’s not just about where Verve cards can go, it’s about what they can empower people to do.Whether you’re a bank looking to broaden your digital offerings, a business aiming to reach more customers, or a consumer ready to experience smarter payments, Verve is here to empower your next step. Join the revolution!
Business
Interswitch Group Bolsters Talent Ecosystem in Africa, Hosts Fourth Edition of Career Fair.

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, has reinforced its commitment to harnessing a robust talent pool by empowering the Nigerian workforce to pursue personal and professional success. The company affirmed this as it announced the Interswitch Career Fair 4.0 set to hold at the Landmark Event Centre, in Victoria Island, Lagos on Saturday, May 10, 2025. The highly anticipated Career Fair event, tagged “The Talent Paradox: Enabling the Talent Ecosystem in Africa” aims to spotlight the various resources and insights available to skilled, career-driven individuals and young professionals to strategically align them for the workplace of today and the future. Going into the fourth edition, the event will host experts from Interswitch Group including Franklin Ali, Group Chief Human Resources Officer and Oremeyi Akah, Chief Customer Officer, alongside other industry experts including Lanre Basamta, Co-Founder, Optimus AI Labs; Isioma Utomi, CEO, Catalyst Experience Solutions; Adora Ikwuemesi, CEO, Kendor Consulting; Olushola Olaleye, Business Consultant and Gloria Babarinde who will draw from their prolific experiences and expertise to unravel the theme in a panel session. The event will also feature other engaging segments such as keynote and thought leadership sessions bordering trends and masterclasses on upskilling and thriving in the workplace amongst other pertinent discussions. Attendees can also look forward to the job fair where potential candidates can have face-to-face interactions with the expansive pool of hiring experts on ground. The Fair also presents an opportunity to network with like-minded individuals as well as a resourceful platform for the active exchange of knowledge and ideas. Mitchell Elegbe, Founder and Group Managing Director at Interswitch, underscored the essence of the Interswitch Career Fair 4.0 event, highlighting that the programme is a pathway to recognize and equip emerging talents and raise transformative leaders that consistently innovate to solve Nigeria’s biggest challenges and impact the African labour market overall. According to Elegbe, “The Interswitch Career Fair reflects our deep-rooted commitment to nurturing African talent. This platform was conceptualized to cast the spotlight on individuals ready to lead, manage effectively, and create meaningful impact wherever they go. It’s more than just an event—it’s a launchpad for career advancement, connecting high-potential professionals with the right opportunities.”Also commenting on the programme, Franklin Ali, Group Chief Human Resource Officer, Interswitch, said that “This Career Fair goes beyond simply matching people with jobs—it’s designed to equip ambitious talent with the tools and skills needed to excel in the ever-evolving world of work. As a company that values the power of collaboration, we’ve joined forces with respected partners like ALX, Philips Consulting, Udemy, GLSS and Pluralsight to enrich the experience and broaden what’s possible for every attendee.Interswitch Group, which recently bagged the 2024 ‘Happiest Workplaces around the Globe’ award, remains unwavering in its mission to Inspire Africa to greatness. Interested participants are encouraged to follow Interswitch’s social media handles for more information about the upcoming Career Fair.
Business
Trump suspends tariffs for several countries, increases China’s rate to 125%

n a bold move, President Donald Trump has raised tariffs on Chinese goods from 104% to 125%, while temporarily suspending tariffs on numerous other countries.
Trump revealed his decision on Wednesday, stating that the tariff freeze would apply to all nations previously affected by the duties.
The announcement follows his shock move earlier this month, when he introduced a 10% baseline tariff on all countries, with rates reaching as high as 50% for the “worst offenders.”
The tariff on Chinese imports, which started at 10% in March, has escalated progressively through 20%, 54%, 104%, and now to 125%—all in retaliation against China’s countermeasures.
In response, Beijing has implemented an 84% tariff on US goods, set to take effect on April 10.
Additionally, China has issued travel warnings for its citizens planning to visit the United States.
Trump criticized China’s actions as a “lack of respect” and emphasized that the US could no longer tolerate such behavior.
“At some point, hopefully soon, China will realize that the days of exploiting the U.S.A. and other countries are over,” he said in a statement.
The White House also mentioned that more than 75 countries have reached out to negotiate a resolution to the ongoing tariff dispute.
Trump confirmed that the suspension for these countries, as well as China’s new tariff hike, would go into effect immediately.
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