Intelligent CIO Africa Issue 35 | Page 13

Safaricom and Huawei receive Most Innovative Service Award at AfricaCom Hundreds of entrepreneurs to attend Ghana Tech Summit S afaricom and Huawei jointly received the prestigious Most Innovative Service, ‘the Business of Tomorrow’, award at AfricaCom 2019 in Cape Town. The award recognises the two companies for offering a revolutionary new Mobile Money Overdraft service, known as ‘Fuliza’, which enables users with insufficient funds in their M-PESA accounts to borrow money to complete M-PESA transactions. The service was officially launched in January and has been gaining popularity in Kenya where Safaricom has over 23.6 million M-PESA users. Kenyans transacted over KES6.2 billion (US$62 million) in Fuliza’s first month after its launch. Michael Joseph, Safaricom’s CEO, said: “M-PESA continues to play a leading role in deepening financial inclusion in the country. Fuliza enriches our mobile financial services portfolio, further fulfilling our promise to always provide customers with relevant products and services that meet them at their point of need. We are glad to partner with Huawei in bringing this commitment to life.” Fuliza is empowered by the Huawei Mobile Money Finance Overdraft Platform which allows design, development and deployment of innovative finance products. This platform was created to enable credit overdraft facilities in multiple payment scenarios in a highly secure and stable way. Leo Lu, VP of Huawei Southern Africa Region said: “The award recognises the two companies for offering Fuliza. With Safaricom in Kenya, Huawei has helped implement financial technology in the form of services like M-PESA and Fuliza. These have unlocked a whole new digital economy in the country.” T he largest tech summit in West Africa is to take place in Ghana on December 13. Held at the Kempinski Hotel in Gold Coast City, Accra, Ghana, Tech Summit brings together hundreds of entrepreneurs, investors, digital marketers and creatives under one roof to address humanity’s grandest challenges via technology and entrepreneurship. Each year, 100 global speakers will convene alongside more than 1,000 attendees to re-position Africa as the next and final frontier of innovation. and culture. From the rise of tech hubs across the country to the global embrace of azonto in pop culture mainstream dialogues internationally, the West African country is poised to be a leading hub of innovation. There will be panels and keynotes from a number of the world’s largest tech companies, including IMB, LinkedIn, Google, Facebook, Uber, Microsoft and Airbnb. The Ghana Tech Summit is for local and international industry leaders, entrepreneurs, investors, digital marketers and creatives interested in transforming the world via entrepreneurship. Speakers at the event include Tom Davis, Chief Growth Officer at Forbes, Einstein Ntim, Partner of Africa Future Fund, Christine Ntim, the Founder of Haiti Tech Summit, and Johanna Odonkor Svanikier, Ghana’s former ambassador to France and Portugal and the President of HACSA. Ghana has a proud history of inspiring leadership in government, business, For more information, visit n INTELLIGENTCIO 13