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Tizeti taps former Ecobank chair as new board chairman

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Tizeti taps former Ecobank chair as new board chairman

Tizeti taps former Ecobank chair as new board chairman

Tizeti taps former Ecobank chair as new board chairman.

Tizeti has announced the appointment of Emmanuel Ikazoboh as the chairman of its board. The company also appointed new members to the board.

The company also recently appointed two vice Presidents. Amanosi Okhakhu, Omobolaji Akinde, and Temitope Osunrinde as the Chief Financial Officer and Vice Presidents for Marketing and Business Development respectively.

Until his appointment, Ikazoboh was the immediate past group chairman of Ecobank Transnational Incorporated (ETI), chairman of ARM Pensions Managers Limited, and the International vice chairman at International Institute for Sustainable Development, Canada. He is an independent and non-executive director for Nampak Packaging Limited South Africa and Dangote Cement Plc.

He was appointed Administrator of The Nigerian Stock Exchange and helped transform the Nigerian Stock Exchange as well as the Central Securities Clearing System (CSCS), and was responsible for restructuring the management, equities market, stock brokerage processes, and corporate governance structure of both entities to create an enviable Stock Exchange in Africa.

“Tizeti’s growing market share in the unlimited internet market in Nigeria provides huge opportunities to tackle digital exclusion for millions in the region. The company’s impact over the last nine years and ongoing transformation reveal the opportunities ahead, especially in a digital economy. Tizeti has a deserved reputation for its innovative products and disruptive approach, and I look forward to serving as its Board Chairman,” said Ikazoboh.

Emmanuel Ikazoboh has held previous roles as the Chairman/CEO of Deloitte West & Central Africa; Managing Partner for Deloitte Cote d’Ivoire (Ivory Coast), and Client Service Director for Deloitte Africa. He also served as Partner of Deloitte & Touche in Dartford UK and brings an international perspective to Tizeti’s business. He is a Member of the Presidential Committee for the restructuring of the Nigerian Government Ministries, Agencies, and Commissions and the reduction of the cost of governance.

He holds an MBA in Financial Management from Manchester University Business, is certified as a UK Certified Accountant, and holds Fellowships at the Chartered Association of Certified Accountants and the Nigeria Institute of Chartered Accountants.

Ikazoboh will lead a board consisting of old and new members. The other new members of the Tizeti board include Okechukwu Obiagwu and Patricia Aiyedun.

Okechukwu Obiagwu is an Electrical/Electronic Engineer with significant experience in the oil and gas industry. He previously worked at Halliburton Energy Service for 19 years and rose to senior leadership as the country manager for the Wireline and Perforating division, before he explored his interests in alternative/clean energy, oil and gas services, and eCommerce. He is a graduate of Electrical/Electronic Engineering from the University of Port Harcourt.

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Patricia Aiyedun is the chief financial officer at inq. Digital (previously Vodacom Business Africa) and has 16 years of broad experience in professional service. Her experience covers due diligence on M&A transactions, financial reporting, auditing, and advisory. She previously worked as a Senior Manager at the Big 4 firm PricewaterhouseCoopers and started her career at Diamond Bank. She obtained her first degree from the University of Ibadan, is a member of the Association of Chartered Certified Accountants of Nigeria (ACCA), and has acquired numerous certifications.

“Tizeti continues to grow at a fast pace and expanding our board will provide the guidance our leadership team needs to continue to grow the company to fulfill its mission of being Africa’s top provider of Internet and Voice. It also helps to increase corporate governance and diversity, improve corporate decision making & strategy at our company, and position Tizeti firmly for the digital economy,” said Kendall Ananyi, chief executive officer of Tizeti.

360Hausa is a current Best Hausa Entertainment blog in Africa that specialized in providing you high quality content. 360Hausa was found and manage by Abubakar Yusuf Radda (B2 [D Promoter] Slayer). A Blogger, Ghost Writer & Content creator. Follow us on Social Media @360Hausa

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MFS Africa acquires US-based global tech company

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MFS Africa acquires US-based global tech company

MFS Africa acquires US-based global tech company

MFS Africa acquires US-based global tech company.

In a rare acquisition of a US tech company by an African tech company, MFS Africa, Africa’s largest digital payments network, on Tuesday announced that it has reached an agreement to buy Global Technology Partners (GTP).

Based in Tulsa, Oklahoma, GTP is the number one processor for prepaid cards in Africa, with over 80 banks – including UBA, Ecobank, BIA, Stanbic, Coris, NSIA and Zenith Bank – using its platform. GTP’s client base covers 34 countries and is fully connected to the Visa, Mastercard, GIM, GIMAC and Verve networks for which it provides the processing.

This acquisition enables MFS Africa to further deepen its offering to Africa’s gig economy, the business travel market and the millions who eagerly want to participate in the global digital commerce through card credentials linked to mobile money wallets – rather than bank accounts – for seamless and secure online purchases. It also expands MFS Africa’s bank and fintech base and provides tokenisation for the mobile money world in connection with the traditional card scheme ecosystems such as Visa and Mastercard.

Founder and CEO of MFS Africa, Dare Okoudjou, said: “This is a momentous milestone for us and Africa’s tech ecosystem – on many levels. It’s something of a first for an African tech company to acquire a US tech company of GTP’s size and stature, and we’re delighted to be welcoming the GTP team to the MFS Africa family. Their expertise enables us to extend our value proposition of last-mile connectivity to African banks and to accelerate our offering of card connectivity to mobile money users and other fintech companies operating across the continent. The combined operations have immense and exciting growth potential, and with our extended portfolio, we are now truly an omnichannel payments company.”

Robert Merrick, founder and chairman of Global Technology Partners, commented: “GTP’s established position as Africa’s number one prepaid card processor has been built on its unique, flexible platform that actively helps prepaid cards to succeed. We have become the leader of prepaid cards in Africa because of our people, who have genuine in-depth knowledge not only of the prepaid card business but also of the realities that African card users face. We connect the right solution to the right markets with the right products. MFS Africa is an ideal home for GTP, and we are focused on adding new features and functionalities to our platform, signing up new clients, expanding into new countries, driving growth and making a significant contribution to growing MFS Africa’s business and its network of networks.”

Following GTP’s acquisition, MFS Africa plans to further invest in GTP’s current card programmes with banks and bring to these all the innovation and possibilities offered by the MFS Africa HUB – including seamless interoperability with Mobile Money.

The company will also leverage GTP’s stack to fast-track card programmes for MNOs and FinTechs across Africa. Lastly, MFS Africa intends to leverage GTP’s presence in the USA to expand its commercial activities in North America.

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