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Tag: Pan-African

  • Fidelity Bank Plc Retains ‘A’ Rating with Stable Outlook, Confirmed by Agusto & Co.

    Fidelity Bank Plc Retains ‘A’ Rating with Stable Outlook, Confirmed by Agusto & Co.

    Agusto & Co., a leading Pan-African credit rating agency, has reaffirmed the ‘A’ rating assigned to Fidelity Bank Plc, reflecting the bank’s strong financial performance and stability. Additionally, the agency has given Fidelity Bank an ESG (Environmental, Social, and Governance) score of ‘2,’ indicating that environmental, social, and governance issues have minimal impact on the bank’s credit rating.

    In a statement on their website, Agusto & Co. cited Fidelity Bank’s improved profitability, robust ability to refinance, adequate capitalization, and low level of impaired credits as factors contributing to the bank’s favorable rating.

    As a full-fledged commercial bank operating in Nigeria, Fidelity Bank serves over 7.5 million customers through its extensive network of 250 business offices and digital banking channels. The bank’s commitment to excellence has garnered recognition, as it was awarded the titles of “Best Payment Solutions Provider, Nigeria, 2023” and “Best SME Bank, Nigeria, 2022” by the Global Banking and Finance Awards.

    Fidelity Bank’s commendable achievements have not gone unnoticed, as the bank has previously received awards for “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

    With its strong financial standing and recognition for its exceptional services, Fidelity Bank continues to be a trusted institution in Nigeria’s banking sector.

  • FirstWave signs Level 1 Partner Agreement with Pan-African technology company, Moja Access

    FirstWave signs Level 1 Partner Agreement with Pan-African technology company, Moja Access

    Leading Australian-headquartered, FirstWave has announced the signing of a three-year Level 1 Partner Agreement with Moja Access, part of CSquared Group, a pan-African technology company. With the goal to make commercially driven investments to improve and increase connectivity and internet access in Sub-Saharan Africa. Internet users across these African nations can now be protected on CSquared’s network from cyber intruders, on a consumption basis, at an affordable monthly price.

    In the initial phase of this partnership, FirstWave has deployed its recently launched FirstCloud Web Protect DNS platform for each of CSquared’s four territories for use by CSquared’s operating companies and Level 2 partners. The partnership builds on other recent signings opening further opportunity for FirstWave’s cybersecurity-as-a-service portfolio in Africa, first revenues to flow immediately under ‘opt-out’ path to market.

     

    CSquared currently operates fibre and last mile WiFi networks in several cities across Kenya, Uganda, Ghana and Liberia, with over 40 mobile operators and internet service providers relying on its infrastructure for serving mobile consumers and corporate customers. These four African nations had over 10 million Micro, Small & Medium Enterprises (MSMEs) and over 70 million internet users at the end of 2020.

     

    FirstWave’s CEO, Neil Pollock, said, “I’m delighted to welcome CSquared Group’s Moja Access as our 8th Level 1 partner and see initial revenues already flowing from the partnership. CSquared is a fast-growing pan- African service provider backed by two large global corporations Google LLC and Mitsui & Co. CSquared already delivers robust fibre connectivity and internet access to thousands of end-customers via its 40+ mobile operator and ISP clients. With revenues already delivered, the partnership has had a really positive start.”