The Nigeria Deposit Insurance Corporation (NDIC), and other Africa Deposit Insurance agencies will explore the role of deposit insurance in early detection and timely intervention in resolving bank failures.
A statement by Mr Bashir Nuhu, the Director, Communication and Public Affairs Department of NDIC, said on Sunday in Abuja, that the move would be at the forthcoming regional workshop.
Nuhu said the event, scheduled to hold between Oct. 4 and Oct. 7, was a Technical Assistance Workshop (TAW) under the auspices of the African Regional Committee (ARC) of the International Association of Deposit Insurers (IADI).
He said the workshop tagged: ‘Normality in Turbulent Periods: The Stabilising Role of Deposit Insurance”, would also explore management and strengthening of operational resilience of deposit insurance agencies.
According to Nuhu, deposit insurance organisations from more than 15 African countries including Angola, Botswana, Burundi,Ghana, Kenya, Senegal, Somalia, Sudan, Tanzania, Uganda and Zimbabwe are expected to attend.
The director said that representatives of deposit insurance agencies from Chinese Taipei, Indonesia, USA, the Financial Stability Institute (FSI) and the IADI Secretariat in Basel, Switzerland are expected as resource persons.
He said the workshop would take place against the backdrop of the 20th Anniversary of IADI, established in May 2002 with the aim of sharing deposit insurance expertise with the world.
”As a deposit insurer and member of the financial safety net in Nigeria, NDIC is a founding member of IADI, pioneer member of its executive council and founding chairperson of the Africa Regional Committee (ARC).
”The hosting of the IADI-ARC TAW by the NDIC is a recognition of the Corporation’s international standing and significant achievements.
”It is also in recognition of the Corporation’s expertise in the implementation of the Deposit Insurance System in Africa.
The call for African women with idea stage start-up ideas to participate in the ECA-BetaCube Initiative Launch Competition and Bootcamp Series concluded successfully in September 2022.
The Bootcamp involved a total of 74 female participants selected among 338 applicants, 12 finalists and 8 projects from the four selected countries, that is, Tunisia, Senegal, Tanzania and Ethiopia, all selected by a local jury.
The result of the competition showed that African women are more than ready to tackle the socio-economic problems of the continent with technological ideas that cover strategic areas such as the optimization of agricultural results and the improvement of health education.
The first stage of the Tech African Women (TAW) initiative focused on 3 days of tailored workshops introducing key skills to inspire entrepreneurs and prepare them for the pitching competition.
The Bootcamp mainly included training in market analysis, team building, lean startup methodology and presentation of projects with relevance to the UN Sustainable Development Goals as final project selection criteria along with potential market size, scope of innovation and scalability of the idea.
The best 1st and 2nd place startup ideas from each of the pitching competitions held on the third day of each city boot camp won a ticket to gain access to a 2-month non-equity incubation program and a Fully funded trip to Addis Ababa for the final ceremony.
The second stage of the program, which is the incubation phase, will focus on bringing startups to the level of investment readiness with a fully functioning MVP.
The founders will have the support of experts in Market Research, Product Management, Branding, Pitching and Finance.
At the end of the incubation program, the 8 new companies will be able to exhibit and present the projects to which they are dedicating their time and effort.
This event will be held at the ECA Conference Center in Addis Ababa, where national investors, partners and key players in the Ethiopian ecosystem will be mobilized for this demo day.
TAW, as one of the ECA initiatives prioritizing the focus on digital technologies in a holistic way encompassing the social and economic benefits of greater equality and ongoing efforts to reduce the digital skills gap, has made a big step forward for break down barriers to the empowerment of girls and young women.
to pursue STEAM in the year 2022.
The ECA is honored to congratulate all TAW participants for joining the competition and advancing their foundational skills with special gratitude to the best artists in each country.
The finalists Tunisia 1st place: Govinda: an application dedicated to cow farmers to optimize the quality of milk and meat by improving the nutrition and health status of cows.
2nd place: Apple of my Eye: A platform capable of bringing together all the data related to mothers and children and offering recommendations based on web analytics and machine learning.
Senegal 1st place: Noppal Tech: An application linked to an air purifier made entirely in Senegal 2nd place: Hydro Tech Services: An automatic system made up of several sensors that allow the tank to be filled remotely and check the physicochemical parameters through a digital platform Tanzania 1st place: UJANA: An e-commerce platform for sexual and reproductive health supplies where young people can buy products and receive information on SRH without fear of being judged, stigmatized and discriminated against.
2nd Place: PlateAI Company: PlateAI harnesses the power of AI to plan healthy food choices that align with the health goals of people at risk of dietary disease.
as well as deliver them to your customers at their doorstep in an affordable way.
Ethiopia 1st place: TenaSeb - ጤና ሠብ: An app that provides education on (Sexual and Reproductive Health through consultation for women.
2nd place: Makoyamoms: A platform that helps mothers easily get a caregiver available to them while offering newcomers For more information on TAW, you can visit: www.TechAfricanWomen.com
The ECA (United Nations Economic Commission for Africa), in partnership with Betacube, has announced the launch of its first Tech African Women program, inviting women-led idea-stage startups from Ethiopia, Senegal, Tanzania and Tunisia to submit your applications.
TAW (Tech African Women) is a program launched with the goal of empowering female founders to harness their skills to build strong tech startups from scratch, accelerate the transformation of project ideas into validated business models, and develop alliances between different Africans.
ecosystems The program will take place from August to December 2022 and is made up of 3 main phases: intensive 3-day training camps and throwing competitions that will take place in Tunisia, Senegal, Ethiopia and Tanzania in association with players from the local ecosystem.
The winning team of each bootcamp will win a cash prize of $2,000.
A 2-month online incubation program for the top 2 startups in each country to achieve market and investment readiness.
A final ceremony in Ethiopia in Addis Ababa at the ECA Conference Center where 8 startups will be invited to participate to win the final prize of the program ($7000 cash grant for the best startup) and offers teams a Exclusive opportunity to acquire new business skills, establish alliances with your African peers, increase the visibility of regional businesses and access funds.
play a role in the development of the continent and wants to delve into building impact-driven start-ups.
Throughout the duration of the incubation program, teams will have access to a pool of tech developers and designers who will develop their MVPs for free and work closely with top marketing and finance experts, as well as participate in seminars personalized web provided by international trainers.
How to apply?
Participants entering the program must be citizens of Tunisia, Tanzania, Senegal, or Ethiopia, have an idea for a tech startup that addresses at least one of the SDGs, be female between the ages of 18 and 35, and be able to communicate fluently.
in French or English.
Applications are now open for candidates from all four countries on the official program website (www.techafricanwomen.com) until August 10, 2022 for Tunisia, and until August 17, 2022 for Ethiopia, Senegal and Tanzania.