Heritage Bank Plc has entered into a strategic partnership with the Choice International Group (CIG) Motors Limited to introduce a new vehicle finance scheme aimed at assisting interested and pre-qualified customers to buy brand new GAC Vehicles with ease and at affordable prices.
The initiative tagged: “Go CAR-razy,” was facilitated by the sole representative of GAC Motors in Nigeria known as CIG, which enables individuals who meet the prescribed conditions to pay an equity contribution of 10% with 48 months tenor repayment.
The scheme is largely for three models of cars and sport utility vehicles in the stable of GAC Motors: GS3, GS4 and GS8.
Speaking on the signing of a Memorandum of Understanding, MD/CEO of Heritage Bank, Mr. Ifie Sekibo said the auto finance scheme was tailored to suit customers’ needs with manageable monthly repayments and is best suited for individuals, organizations, corporate bodies and institutions to avail a convenient and easy access to finance options making it easier to buy and drive away a brand new GAC Motors.
According to him, the partnership was planned to encourage customers to buy environmentally-friendly GAC vehicles instead of used cars otherwise known as “tokunbo.”
Sekibo specifically explained that the reason for the alliance was to afford deserving customers with the ease of convenient and discounted opportunities with just 10% equity contribution, as against the 30% standard equity contribution required to own brand new GAC vehicles.
He listed other benefits of the vehicle finance scheme, which involve competitive interest rate, discounted vehicle pricing, subsidized insurance premium, free vehicle registration.
The Chairman of CIG, Chief Diana Chan, stressed that the automobile firm entered into partnership with the Heritage Bank because of its track record in quality service.
According to her, “We are proud to partner with Heritage Bank on this Finance Scheme as we believe it gives Nigerians who are yarning for quality the opportunity to own the latest GAC vehicles with a soft payment plan.
She said through independent innovation and excellent quality, GAC Motor has been widely recognized by many as a brand that offers great value at affordable prices to Nigerians.
Fidelity Bank Hosts National Capacity Building Webinar For SMEs
Fidelity Bank Plc, a top Nigerian lender is set to organize a National Capacity Building Webinar For Small Medium Enterprises (SMEs) in the country. The programme is part of deliberate efforts to assist entrepreneurs across all sectors of the Nigerian economy to develop a requisite capacity to unlock their full potentials and take their businesses to the next level of growth.
Targeted specifically at existing businesses operating in critical sectors of the economy including trade and commerce, manufacturing, hospitability, education, entertainment, transportation, and agriculture, these virtual sessions will take place across the country on a state-by-state basis, with the maiden edition slated for Enugu State on January 27, 2021, by 10 am.
The Enugu event is organized in collaboration with the Enugu State Ministry of Trade and Commerce and the Enugu SME Centre; Small and Medium Enterprises Development Agency of Nigeria (SMEDAN); Nigeria Association of Small & Medium Enterprises (NASME) and Enugu Chamber of Commerce, Industry, Mines, and Agriculture (ECCIMA).
Themed “Funding and Financial Management”, the Enugu Edition will have in attendance special guests including Mrs. Monica Ugwuanyi, First Lady, Enugu State, Sir Robert O. Anwatu, Managing Director/Chief Executive Officer, Roban Stores, and Mr. Chiedozie Atuegwu, Director, Michelle Laboratories Limited.
Other discussants billed to the participants in the webinar are subject matter experts with respect to funding and financial management for SMEs as well as model entrepreneurs who will share their success stories with participants.
As a financial brand unswerving in its quest to develop the Nigerian economy, the SME Webinar seeks to help the participating MSMEs grow their businesses by educating them on the best measures to take in managing their finances, improving their sales and developing their business in general.
Speaking on the event, Fidelity CEO, Mrs. Nneka Onyeali-Ikpe said, “The programme underscores our long-running support for the growth of small businesses which stems from our recognition of MSMEs as critical agents of economic development and transformation in Nigeria and the world at large.
According to IOnyeali-Ikpe, the session aims at providing practical information, skills, and resources to help entrepreneurs become better managers of their businesses. The Bank has embarked on virtual SME-based events, to adhere to the social distancing guideline essential to promoting the safety of every participant in view of the COVID-19 pandemic.
Interested participants are required to click – https://www.fidelitybank.ng/
Zenith Beta Life Promo Is Still On!
Africa Fintech Foundry To Boost Innovation And ‘Techpreneurs’ With 2021 ‘Accelerator’ Programme
Africa’s foremost innovation hub, the Africa Fintech Foundry (AFF), has opened up its registration portal for the 2021 Accelerator program.
The initiative, which is being executed in partnership with Access Bank Plc, seeks to fast-track the growth of the best start-ups operating within the African technology ecosystem. The ‘Accelerator’ programme will fast track and assist the selected start-ups to navigate issues such as start-up pricing and competitiveness, creating endearing customer experiences, support and retention, hiring and people management, scaling for growth and product development cycle fundamentals amongst others.
Speaking at the launch of the initiative, the Head of the Africa Fintech Foundry, Daniel Awe, said, “Research has shown that 90% of start-ups fail due to various reasons such as lack of funding, being in the wrong market, a lack of research, misaligned partnerships, ineffective marketing, and poor competitive positioning to name a few. 90% is a high percentage rate of failure. This indicates that many things need to go right for a business to succeed. Enabling start-ups to grow, scale and remain relevant in the tech space is where we play a major role as AFF.”
“Since its establishment, the Africa Fintech Foundry has progressively demonstrated leadership in the areas of innovation, financial technology, and entrepreneurship. We recognize the vast array of talent possessed by Africans and the wider global players and the immense potential that our technological start-ups have.
Hence, through the Accelerator programme, we will be providing cohorts with mentorship and clinic hours from leading entrepreneurs, investors, and industry experts. They will also get access to funding, unrivaled business insights, access to markets, and networking opportunities with our partners at various stages of the program,” he said.
The AFF Accelerator programme will span 12 weeks, with formal and informal mentorship from established founders, investors, and pioneers across various industries.
Ade Bajomo, Access Bank’s Executive Director for Information Technology and Operations, highlighted the need for increased corporate investment in tech-focused capacity building initiatives. He said “Technology can serve as the catalyst for solving many of the problems faced across various industries. We also believe that it holds the potential to resolve social and economic challenges faced across the African continent. Therefore, as Africa’s gateway to the world, we have partnered with the continent’s leading accelerator, the Africa Fintech Foundry, to create a platform that will nurture the brightest minds, providing them the needed resources to develop and scale their projects, to the benefit of all.
Start-ups to be considered for admission into the programme include those that: have a tech-enabled solution; offer a unique solution or unique application in a regional setting; have a cross-functional team with a deep understanding of the market – which includes technical lead(s) and founder(s) that are fully committed to the business; have a defensible position (IP; network effects; domain or region expertise); have been in operations for at least 6 months, amongst others.
Interested participants can visit www.africafintechfoundry.com for more information. Those who meet the required criteria will be required to fill an online application. Entry deadline has been disclosed as Saturday, 31 January 2020.
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