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Ghanaian tech company wins Ecobank ‘Fintech Challenge’

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Ecobank Group has announced the winners of its Ecobank Fintech Challenge after an exciting virtual event streamed live in Accra. ‘Nokwary Technologies’, edged out the rest of the finalists to emerge winner of the competition.
The first and second runner up spots were taken by Ukheshe Payment, and Solutions Growth Factor Technologies respectively. The first to third place winners would receive cash prizes worth US$10,0000, $7,000 and US$5,000 respectively.
Nokwary, from Ghana, is a fintech that uses Artificial Intelligence (AI) to promote financial inclusion. Its AI Powered banking solution offers an opportunity for users to carry out transactions in a language to which they are familiar with through popular social media channels like Whatsapp.
South Africa based Ukheshe, which came second, provides a bridge between the card and the cash economy. It has created the world’s first card acceptance platform that allows unbanked merchants and traders to accept and make digital payments.
In third place, Growth Factor is a fintech company that provides trade financing solutions designed for Micro-Small and Medium Entities in order to encourage financial inclusion and growth.
Its ‘Nvoicia’ solution solves cash flow issues caused by delayed payments for SMEs, by enabling them to get paid in 24hrs when dealing with credit clients.
Ade Ayeyemi, Ecobank Group CEO, congratulated the winners on their innovation and welcomed all the 2020 Fellows.
“The quality of the products and pitches we saw in the final this year were amazing. Clearly it is evident that Banking in Africa is moving onto a new dimension with these Fintechs leading the way.
“That is why we are so proud to have had them in this year’s competition and are excited to engage further with them over the next year. It is our expectation that we will build a few lasting partnerships which will help improve the lives of Africans all over the continent,” he said.
Dennis Asamoah Owusu, CEO and Co-founder of Nokwary Technologies was excited about his victory.
“Our company is rather young and to be recognised like this on such a stage was really exciting as well as a validation for our focus on creating inclusive technology right from the start.
“It is also very encouraging to note that a major bank like Ecobank places such a premium on inclusion and is willing to back and promote innovative and cutting-edge technologies towards that purpose,” he said.
He added that the company would work together with Ecobank to bring an ‘AI-first digital banking platform’ over WhatsApp, as well as other innovative solutions to Ecobank’s customers.
This year’s finalists made it through an extremely competitive pool of over 600 applicants across Africa, Europe, North America and Asia.
All 10 finalists have officially been inducted into the Ecobank Fintech Fellowship, a one-year programme which will give them the opportunity to explore opportunities for commercial partnerships with the Ecobank Group.
News
Kampakuya Naa Yakubu enskinned Dagbon Regent

The Dagbon Kingdom on Friday witnessed another defining moment in its centuries-old history as Kampakuya Naa Yakubu was formally enskinned as Regent following the passing of the Overlord of Dagbon, Ndan Ya-Na Abukari II.
The traditional ceremony, steeped in the customs and heritage of the Dagomba people, took place at the historic Gbewaa Palace in Yendi in an atmosphere of grief, reverence and hope.
In attendance was President John Dramani Mahama, who in his tribute described the late Overlord as a distinguished traditional ruler whose leadership strengthened peace, unity and development in Dagbon.


Former Vice President Dr Mahamudu Bawumia also conveyed his condolences to the people of Dagbon.
Also in attendance were chiefs, queen mothers, elders, royal family members, religious leaders and thousands of mourners gathered to witness the installation.
The enskinment of the Kampakuya Naa as Regent is one of the most significant stages in the transition of leadership in the Dagbon Kingdom. It ensures continuity of authority and the preservation of the kingdom’s customs until a substantive Ya-Na is selected by the kingmakers in accordance with Dagbon tradition.
Friday’s ceremony reflected the resilience of one of Ghana’s oldest traditional kingdoms, where centuries-old customs continue to guide leadership transitions with dignity and order.
The late Ya-Na, Ndan Abukari II, who ascended the skin in 2019, is widely remembered for consolidating peace, unity and reconciliation in Dagbon following years of chieftaincy disputes.
Throughout Yendi, the mood remained solemn as residents lined the streets while traditional drumming, chanting and customary rites echoed through the ancient capital. Men, women and children, mostly dressed in black, paid their respects to a monarch whose reign restored confidence in the kingdom’s future.
The installation of Kampakuya Naa Yakubu as Regent now places upon him the sacred responsibility of overseeing the affairs of Dagbon during the mourning period while ensuring that the customs and traditions of the kingdom are faithfully upheld ahead of the enskinment.
After a successful enskinment, attention now turns to the traditional processes that will eventually culminate in the selection and enskinment of a new Overlord. Until then, the Regent will serve as the custodian of the Dagbon Kingdom, ensuring that the customs, authority and dignity of one of Africa’s oldest traditional kingdoms remain intact.
From Geoffrey Buta, Yendi
News
GHS, UNICEF train 100 health workers as Safety Net Intervention expands in C/R
The Ghana Health Service, with UNICEF support, has trained 100 healthcare providers on adolescent-friendly maternal healthcare services as it expands its Safety Net Intervention programme to 44 additional health facilities in the Central Region.
The one-day training, held in two sessions, equipped midwives, community health nurses, health information officers and district focal persons with the knowledge and practical skills needed to implement the initiative effectively and improve pregnancy outcomes among pregnant adolescents.
The Safety Net Intervention is a special initiative that seeks to address health and social challenges associated with adolescent pregnancy with a comprehensive service including antenatal and postnatal care, skilled delivery services, postpartum family planning, home visits and connections to education and social support services.
By this intervention, the GHS and UNCEF are seeking to mitigate the incidence of adolescent pregnancy, maternal deaths among adolescent girls, neonatal deaths among babies born to adolescent mothers, and child marriage.
They are also seeking increased uptake of postpartum family planning among adolescent mothers and improved educational continuity and economic resilience for adolescent girls.
Mrs Emma Delali Foli, the Central Regional Focal Person for the Safety Net Intervention, explained that pregnant adolescents often faced heightened health risks and limited social support, highlighting the need for specialised healthcare and social interventions.
She said the intervention was introduced in six districts in the Central Region in 2020 and had expanded steadily over the years to 16 of the region’s 22 districts.
Following the addition of the 44 new facilities, the programme was now being implemented in 176 health facilities, with a goal of covering all 22 districts in the short possible time, she added.
Mrs Foli noted that since its introduction, the programme had benefited more than 5,000 pregnant adolescents in the Central Region, while strengthening collaboration with institutions such as the Department of Social Welfare, the Ghana Education Service, the National Youth Authority and the Domestic Violence and Victim Support Unit (DOVVSU).
The intervention, she said, had also contributed to increased uptake of postpartum family planning, stronger referral systems, greater access to social protection services and enhanced involvement of caregivers throughout pregnancy and childbirth.
Mrs Foli indicated that the newly trained health workers were expected to replicate the training at their respective facilities to ensure that other members of the healthcare team were adequately equipped to implement the intervention.
“This is new to them and so they have been trained on the concepts, objectives and goals of the Safety Net Intervention. The components of the intervention, as well as the importance of documentation and reporting, have also been emphasised,” she said.-GNA
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