Business
AFRICAN ENTREPRENEURS ARE BEATING THE INNOVATION PATHWAY -CAPITAL LUXURY GROUP CEO
AFRICAN ENTREPRENEURS ARE BEATING THE INNOVATION PATHWAY -CAPITAL LUXURY GROUP CEO
……splashes $20,000 for Becoming Pitch Deck Challenge
Africa has seen a surge in entrepreneurial activities in recent years, with a wave of innovators and visionaries rising up to tackle challenges and create sustainable solutions. These African entrepreneurs are not only making a name for themselves but are also setting an example for others to follow.
One area where African entrepreneurs are excelling is in the technology sector. They are leveraging technology to develop innovative solutions that address the unique challenges faced by the continent. For example, in Kenya, M-Pesa revolutionized mobile banking and digital payments, allowing millions of people who previously had no access to formal banking services to send and receive money securely and efficiently. This innovation has since spread to other parts of Africa, improving financial inclusion and boosting economic growth.
Another sector where African entrepreneurs are making waves is agriculture. Africa has a rich agricultural heritage, but it has historically been plagued by issues such as insufficient access to markets, inadequate infrastructure, and climate change. However, entrepreneurs are using technology and innovative approaches to transform the sector. For instance, Farmcrowdy, a Nigerian startup, connects farmers with investors who provide them with the necessary resources to increase their productivity. These resources include funding, training, and access to markets. This model not only boosts agricultural productivity but also provides investors with a return on their investment.
Energy is another area where African entrepreneurs are driving innovation. Many parts of the continent still lack access to reliable and affordable energy sources. However, entrepreneurs are finding creative ways to address this challenge. For example, Solar Sister, a social enterprise operating in several African countries, trains and supports women entrepreneurs to sell affordable and clean solar lighting products in their communities. This not only provides communities with access to clean energy but also empowers women economically.
Furthermore, African entrepreneurs are also leading the way in sectors such as healthcare, education, and e-commerce. They are leveraging technology and local knowledge to develop solutions that meet the specific needs of African consumers. This not only drives economic growth and job creation but also improves the quality of life for millions of people across the continent.
Capital Luxury Group, a leading transit, logistics, real estate, auto and music company has been unveiled as the headline sponsor of Hajem Becoming Series Pitch deck competition by the duo of William and Meflyn AnwanA currently being deployed in Nigeria, Ghana, Rwanda, Egypt and South Africa on the www.becomingseries.ng online and offline platforms.
The company is noted for such social impact projects and initiatives aimed at touching the lives of people and creating positive social change.
According to Mr Edidiong Udoidiong the Ceo of Capital Luxury Group, “This is a good time to encourage the entrepreneurial spirit of young Africans as our continent is at economic crossroads. Our young entrepreneurs are going to be the ones that will beat the path to prosperity and we must help them. I can’t wait to see the innovative ideas that will be pitched.
The first phase of the pitch deck competition runs till 30th October 2023 after which the second phase kicks in where selected entrepreneurs would pitch their business ideas to Angel investors and venture capitalists in virtual and physical sessions.
During the Pitch Deck competition, young African entrepreneurs stand a chance of winning cash prizes, training facilitation for business funding, seed funds , business linkages etc . Capital Luxury Group is in pole position as it is splashing $20,000 in training facilitation and business funding.
Undoubtedly, Capital Luxury Global Resources, a multifaceted and prestige company with a commitment to providing unlimited luxury products and services is driving a new narrative in the business ecosystem in Africa.
Capital Luxury is committed to the concept of social impact for societal development and human index raise as they wholeheartedly embrace the conscientious responsibility in human capital development by partnering with educational institutions, non-profits, governments, etc in training and implementing development programs, thereby ensuring that individuals have access to career opportunities, training facilitation and business linkages to further position their businesses etc.
Their focus on nurturing talent and potentials strengthens the foundation for societal advancement and core functionalities targeted at emphasizing and uplifting marginalized communities to empowering individuals.
Social impact goes beyond monetary gains. It encompasses the positive changes in communities and individuals’ lives that result from targeted initiatives. Capital Luxury recognizes the significance of social impact in uplifting communities, empowering individuals, youths , women and creating a more equitable society.
African entrepreneurs are blazing a trail of innovation and demonstrating their potential to create lasting impact. They are leveraging technology, adopting innovative business models, and tackling pressing challenges to create solutions that are transforming their communities and industries. With the right support and conducive business environment, African entrepreneurs have the potential to continue driving innovation and contributing to the continent’s sustainable development.
In today’s world, organizations are not just expected to be profit-driven entities; they are also seen as agents of change and drivers of social impact. Their commitment to driving social impact serves as a catalyst for societal advancement tells a story.One such organization, Capital Luxury has emerged as a leader in integrating social impact as a core functionality in their operations.
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news6 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING