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DIGITAL SKILLS AND CAPACITY BUILDING: HAELSOFT’S CONTRIBUTION TO NIGERIA’S DIGITAL ECONOMY

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DIGITAL SKILLS AND CAPACITY BUILDING: HAELSOFT’S CONTRIBUTION TO NIGERIA’S DIGITAL ECONOMY

It is hard to imagine any country in the modern world today without an existing digital economy. The contributions of digital assets and inclusion across all industries that function in a commercial capacity cannot be overemphasized, as it make up for a huge percentage which makes work and processes easier. Given its stated importance, it is imperative that different organizations build capacity for businesses and organizations in order to contribute generally to the growth and development of any nation.

Haelsoft has been one of the top companies which have focused and invested extensively on improving digital capacity building by holding different training sessions and events. Haelsoft have always understood the significance of capacity building in the digital sector and how it can stimulate a better digital economy which has been lacking so much in Nigeria.

While technology has contributed significantly to better education and business development over the years, there has been an increasing need and demand for better digital inclusion, especially with the occurrence of the Covid-19 pandemic. Innovative tools facilitate easier access and exposure to newer learning experiences that could help improve businesses, and likewise the digital economy. Learning digital skills in particular ensures business’s gain access to knowledge and skills they will usually to be exposed to within a regular work setting.

During the Covid-19 pandemic, physical and social distancing increased the need to learn digital skills. Several businesses and entrepreneurs served by Haelsoft’s digital skills capacity building efforts would easily be able to operate their business effectively in even the most restricted conditions. With the prospect of a new normal, embracing a sustained adoption of digital skills, tools and remote work required a demand-driven urgency to deliver high-quality digital capacity-building.

With the help of technology, Haelsoft was able to deliver training for digital skills in an engaging, interactive, and visually stimulating environment. Here, trainees were enlightened on Ways through which technology and digital skills help minimize business costs ranging from transportation and communications, while fostering capacity building activities that impacts the audience. As a result, participants were able to improve inclusivity in their business, thereby allowing them connect to customers who they were less likely to have access to. The several digital skills training programs held by Haelsoft led to an enhanced integration of digital tools into the delivery of capacity building activities.

Digital Capacity Building for Businesses By Haelsoft

Capacity-building is built from three interdependent levels – individual, institutional and systemic. Capacity-building as such goes beyond technical cooperation and training approaches. It can be defined as “a change process through which entrepreneurs and institutions engage in a set of learning methods, whereby they develop and acquire knowledge, skills, know-how, and tools that strengthen their ability to effectively intervene, transform and improve themselves and the environment in which they operate.”

In the context of Haelsoft’s work, capacity building is a far more complex process than “training”, which is but one element of capacity building. Effective capacity-building takes place in a dynamic and interactive learning environment that should combine a variety of tools and methods, including specialized courses, policy seminars, expert group meetings, tailor-made trainings, peer-to-peer learning and knowledge exchange workshops that support the learning cycle.

We approach Digital capacity-building as a key tool for achieving goals as part of a holistic capacity-building strategy. Blended learning approaches  can be used in many ways to integrate both digital and non-digital methods. It should be noted that there is no one-size-fits-all solution to either digital, or non-digital capacity building. The appropriate use and mixture of both techniques is highly contextual. It depends on learner needs, subject area, availability of devices, stable internet connection and instructor capacity.

Opportunities of Digital Capacity-Building Events by Haelsoft

Prior to outlining the specifics of different digital capacity-building approaches by Haelsoft, an overview of the opportunities and challenges of digital capacity building experienced by Haelsoft is presented.

  1. Reduced  cost: The cost of developing a digital capacity-building initiative varies widely. It depends on the type of training, type of approach, and specific tools used. The costs of developing digital capacity-building materials can often be higher, especially those for in-person trainings. The high costs of developing digital media are linked to the use of platforms, videos and graphics that required additional skills and purchase of specific software. This can, however, often be offset against lower total costs of implementing digital capacity-building, thanks to savings made on facility rent, time of facilitators and trainers, and travel expenses.
  2. Inclusivity: While the digital divide can create inequality of access, the digital and in-person format helped to reach participants from marginalized groups. People from marginalized groups, for example persons with disabilities, or women had no trouble attending in person. It should, however, be noted that, depending on the context, marginalized groups may become more isolated in a virtual learning activity, as their specific needs become less visible. Digital capacity-building also strengthen spatial inclusivity. Rural areas may not have the same access to education as urban areas. Our Digital capacity-building helped to bridge this divide.
  3. Innovative technological tools: Innovative tools enable the creation of immersive, interactive, personalized and collaborative learning experiences. These are different to and potentially more effective coupled with in-person experiences. Whiteboarding software, for example, enables real-time collaboration and brainstorming, while allowing additional functions, such as voting. The use of artificial intelligence on a learning platform allows learning experiences to be personalized. This can be achieved through content suggestions based on a learner’s previous activity.

CHALLENGES

  1. Digital divide: As highlighted in the previously, digital capacity-building has the potential to reach users on a much broader scale than in-person learning. This did not, however, disguise the fact that many still lack the financial means, skills, or internet connection necessary to partake in digital activities scheduled by Haelsoft. To resolve this issue, the following strategies were implemented:
  • The program was scheduled to be held both offline and in-house.
  • We ensured all learning experiences are optimized for mobile devices, since smartphones are often more accessible than desktop computers.
  • We enabled the download of materials for offline use. Also, there were varieties of the format, including several versions of learning content. For example, video content is bandwidth heavy, audio is less heavy, and text is light.
  • We Provided appropriate technical support throughout the learning experience to those who experienced difficulties accessing resources.
  1. Limitations of Virtual Learning Methods: Perhaps the most obvious limitation of a virtual learning method in comparison to in-person learning is the lack of physical interaction. Limitations of this nature include: Lower attention span from learners, Reluctance to use or learn technology, Less personal, social, and human learning experience. Virtual collaboration also did not suit all personalities and learning styles. A Lack of informal social interaction and networking prior to and after the learning experience also seem to be an issue.

To solve these issues, we provided clear guidelines for receiving technical support and encouraged a more interactive training session through online workshops.

DIGITAL SKILLS AND CAPACITY BUILDING PROGRAMS ORGANIZED BY HAELSOFT

The most recent digital skills and capacity building event organized by the management of Haelsoft was in 2021. The training was targeted at helping numerous businesses within the business space of Edo State to adapt to the changes due to the COVID-19, and throve in business using fail-proof digital marketing techniques.

Haelsoft Digital Marketing Training in Edo

As you may already know, Digital Marketing is any form of marketing products or services, which involves electronic devices. It can be both online and offline. According to Haelsoft, “it is the use of internet and related digital information and communication technologies to achieve marketing objectives.”

Digital marketing and it`s tools (online advertising, online video and interactive television advertising, mobile marketing, buzz marketing, websites and social media) are perfect for communication with all stakeholders, and at first place with customers.

Accordingly, digital communication become significant element of marketing communication. Companies can hardly gain profit without getting noticed, especially if the target audience is young people that are digital natives. The training focuses on new trends in digital marketing and their impact on companies’ processes to explore how a strategic adoption of digital marketing tools can influence sales and productivity of businesses in Edo State.

Marketing has always been about connecting with your audience in the right place and at the right time. Today, that means you need to meet them where they are already spending time: on the internet. While traditional marketing might exist in print ads, phone communication, or physical marketing, digital marketing can occur electronically and online. This means that there are far more possibilities for brands to reach customers, including email, video, social media, and search engines.

At Haelsoft, we talk a lot about inbound marketing as a really effective way to attract, engage, and delight customers online. But we still got a lot of inquiries from people all around the Nigeria about digital marketing. So, we decided to answer them, this time in Edo State.

Aims and Objectives of the Digital Marketing Training in Edo State

The aims and Objectives of the Digital Marketing Training in Edo State includes:

  • To build the capacity of 400 Micro, Small and Medium-sized Enterprises (MSMEs) across the 18 local government areas of Edo State and provide them with digital marketing support so that they are able to improve their business performance and engage communities around their products/services with Social Media Marketing.
  • To help businesses in this region improve their brand awareness.
  • To improve ROI and Measurable results of MSMEs
  • To build and support “Digital Marketing Ecosystem” across Edo State while leveraging on existing Digital Marketing Agents.
  • To enhance the depth and quality of Digital Marketing information available and accessible to MSMEs in Edo State.

The contributions of this program in helping build the digital skills and capacity of businesses in Edo State cannot be overemphasized, due to the significant results that this has been recorded among businesses that participated. Over 90% of these businesses have achieved significant growth in sales and business operations, after implementing the skills, knowledge and strategies acquired through the program.

The integration of digital marketing strategies into their business’s operations have contributed to exponential lead generation, conversion, and customer retention. This is further evidence of how much digital skills and capacity building contributes towards a better digital economy for business and Nigeria as a whole.

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BUSINESS

Adamawa Mortgage Bank Faces ₦10 Billion Lawsuit for Alleged Contract Breach with Wisdom Kwati Smart City

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Wisdom Kwati Smart City Ltd, a prominent property development firm based in Abuja, has launched a lawsuit against Adamawa Mortgage Bank Ltd, seeking ₦10 billion in damages. The legal action follows a breach in a joint venture agreement between the two parties for a 20.5-hectare property development in Sangere Village, Yola South, Adamawa State.

Adamawa Mortgage Bank Faces ₦10 Billion Lawsuit for Alleged Contract Breach with Wisdom Kwati Smart City

Adamawa Mortgage Bank Faces ₦10 Billion Lawsuit for Alleged Contract Breach with Wisdom Kwati Smart City

The joint venture was established to transform the Sangere property into a large-scale residential development, with work already underway and over 3.5 billion invested in the construction of over 200 housing units and on the estate’s infrastructures. However, tensions arose when Adamawa Mortgage Bank publicly withdrew from the agreement, and without appropriate notice or engagement with the firm, released a statement on The Cable newspaper on November 9, 2024. In its announcement, the bank warned prospective buyers, stating:

“This is to inform the general public that Adamawa Mortgage Bank Ltd is not selling its land at Sangere-Wisdom Kwati Smart City. Anyone buying land at the property does so at his own risk. Take further notice that the bank has withdrawn from the joint venture agreement with Wisdom Kwati Smart City. Thank you. Signed Management.”

Following this statement, Wisdom Kwati Smart City Ltd, led by Chairman Mr. Wisdom Kwati, filed for both an interlocutory and interim injunction. The lawsuit names both Adamawa Mortgage Bank Ltd and its Managing Director, Dr. Noris Giscard Stanley, as defendants, alleging breach of contract and reputational harm caused by the bank’s public renouncement.

On November 14, 2024, the High Court of Justice of Adamawa State issued an interim injunction, temporarily restraining the mortgage bank from further actions related to the property until a resolution is reached. The court has ordered the defendants to respond to the claims and appear before the court within 30 days of receiving the summons.

The implications of the contract dispute are significant, given the current stage of the project. According to representatives of Wisdom Kwati Smart City Ltd, the company has invested over ₦3.5 billion in construction and developmental costs on over 200 buildings currently under construction at the site, of which over 50 units are at the finishing level of construction, and infrastructural development that are well into the third phase of the company’s five-phase development plan.

Industry observers suggest that a swift resolution of the dispute would be in the best interests of both parties and their investors, who rely on the stability of the joint venture to secure their investments. The project, originally designed to develop 317 mixed housing units, is already well past its midpoint, making it highly unreasonable for a partner to withdraw at this stage.

Wisdom Kwati Smart City Ltd has expressed a commitment to seeing the project through to completion and ensuring that stakeholders are kept informed of any significant developments in the case. Despite the legal steps taken, the real estate company has reportedly made several attempts to resolve the matter through dialogue, but the bank has reportedly not been forthcoming.

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BANKING

Afreximbank Acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn Senior Unsecured Note Issuance

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The proceeds of the note will fund general corporate purposes of the issuer, including refinancing of a USD350 million senior bridge-to-bond loan facility that was jointly coordinated by Afreximbank in March 2024.

African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce that it has successfully acted as Joint Lead Manager and Bookrunner on a USD 400 million 10.125% Rule 144a/RegS senior unsecured note issuance by Ecobank Transnational Incorporated (“ETI”) due in October 2029.

The proceeds of the note will fund general corporate purposes of the issuer, including refinancing of a USD350 million senior bridge-to-bond loan facility that was jointly coordinated by Afreximbank in March 2024.

The note issuance achieved peak orderbook oversubscription of 2.1x, backed by more than 70 high-quality and diverse investors comprising development finance institutions, asset managers, commercial banks and insurance companies from Africa, the UK, USA, Europe and the Middle East.

Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, commenting on the transaction, said: “We are pleased to have supported Ecobank Transnational Incorporated (“ETI”) in placing the first public Eurobond issuance by any Sub-Saharan African financial institution since 2021, following our bridge financing support earlier in the year. This transaction underscores Afreximbank’s capacity and readiness to structure innovative market access solutions for our pan-African banking partners.”

Afreximbank’s Advisory and Capital Markets (ACMA) department acted as Joint Lead Manager and Bookrunner on the issuance, working alongside international and African partners.

Distributed by APO Group on behalf of Afreximbank.

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BUSINESS

Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund

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Meeting with JIBC

Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund

Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024

The African Development Bank Group (www.AfDB.org) has celebrated the 30th anniversary of the Policy and Human Resource Development Grant (PHRDG), a bilateral trust fund created by Japan in 1994.The initiative has contributed significantly to the development of Africa’s human capital, supporting over 100 transformational projects across various sectors.

PRST at Keizai group

PRST at Keizai group

Presenting a commemorative publication on the trust fund at the Ministry of Finance in Tokyo on Wednesday, 16 October, Dr Akinwumi Adesina Adesina, African Development Bank Group President said the publication highlights three decades of successful collaboration and the impactful projects funded by the Policy and Human Resource Development Grant, as well as the critical role the grant has played in Africa’s socioeconomic development.

Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024. In recent years, the trust fund has seen a notable increase in contributions, underscoring Japan’s renewed commitment to fostering a climate-smart, resilient, inclusive, and integrated Africa.

Japan’s Vice Minister of Finance for International Affairs, Atsushi Mimura, said he was pleased the country’s partnership with the African Development Bank Group was going well. He pledged continued support, particularly for the African Development Fund, the private sector, and Japanese and African start-ups

“We look forward to deepening Japan’s relationship with the African Development Bank,” he said.

Mimura described the African Development Bank Group’s partnership with the World Bank’s plan to bring electricity to 300 million Africans (Mission 300) as a powerful narrative that draws attention to the continent’s energy needs.

Adesina commended Japan for its strong support of the African Dev?

elopment Fund, noting that the Fund has delivered impressive results. He sought the country’s support on a wide range of issues, including the 17th general replenishment of the African Development Fund, Mission 300 (http://apo-opa.co/3YcTfy2), Special Drawing Rights, the private sector, and start-ups, among others.

“We thank the people of Japan for standing in solidarity with the people of Africa,” Adesina said.

Since its establishment, the PHRDG has been a vehicle for Japan to share its expertise and experience in human resource development, empowering Africans to lead the transformation of their societies and economies. The grant has supported a wide range of projects aligned with Japan and the African Development Bank Group’s shared objective of human capital development. Officials said the projects have laid the groundwork for accelerated economic growth in Africa.

In a foreword to the Policy and Human Resource Development Grant at 30 publication, Deputy Vice Minister of Finance for International Affairs Daiho Fujii, expressed Japan’s pride in celebrating the 30th anniversary of the PHRDG.

“Japan is leading the international community’s efforts to overcome global challenges, particularly those affecting vulnerable populations. Through the PHRDG, we provide technical cooperation to develop the human resources that will drive Africa’s socioeconomic transformation. Our partnership with the African Development Bank Group is key to realizing a more resilient and prosperous Africa.”

As the Policy and Human Resource Development Grant enters its fourth decade, the African Development Bank Group and Japan have expressed eagerness to expand their partnership. With six new projects in the 2024–2025 pipeline, including initiatives in higher education, debt management, and climate-smart agriculture, the trust fund remains a critical tool for delivering impact across Africa, officials said.

Both parties pledged to continue to work hand in hand to unlock the potential of Africa’s human capital, fostering innovation and economic development for generations to come.

Japan–Africa Dream Scholarship Program: Investing in the Future

Among the most impactful PHRDG-funded initiatives is the Japan-Africa Dream Scholarship Program (JADS), launched in 2017. This program aims to develop Africa’s human capital by offering scholarships to high-achieving African students for master’s studies in fields such as agriculture, development economics, energy, and public health. To date, the program has awarded scholarships to 23 students from 10 African countries, two-thirds of whom are women.

Graduates of the JADS program have gone on to make significant contributions to their home countries. Alumni include Mary Yeboah Asantewaa from Ghana, who now works at SORA Technology in Accra, leveraging drone technology to control infectious diseases, and Glory Sibale from Malawi, who joined Tokyo’s Taiyo-Yuka recycling company, focusing on sustainable agricultural project management.

As part of his mission to Japan, Adesina also met with Nobumitsu Hayashi, the Governor of the Japan Bank for International Cooperation, to expand collaboration in key areas, including agriculture, healthcare, energy access, support for youth entrepreneurs, critical minerals, and regional corridors.

Later Wednesday, Adesina met with the leadership of the Association of African Economic and Development Japan, where both parties discussed potential collaborations for impactful projects. He continued with meetings with Kanetsugu Mike, Chairman of Mitsubishi UFJ Financial Group, and Ken Shibuya, Co-Chairman of the Global South Africa Committee of Keizai Doyukai (Japan Association of Corporate Executives).

The African Development Bank president invited business leaders to the 2024 Africa Investment Forum to be held in Rabat in December. Adesina also hosted representatives of the African diplomatic corps, development partners, and the private and public sectors, where they discussed leveraging co-creative relationships with Japanese companies and institutions.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

 

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