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How PEPPA Puts a Smile on The Face of Her Clients

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1 year ago

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How PEPPA Puts a Smile On The Face Of Her Clients

Hey there! I’m Mark. Your tech enthusiast and yes, I’m yet to find a lover as perfect as my Diary: “How PEPPA Puts a Smile on The Face of Her Clients.”

I like to believe I’m a hardworking person. I mean it’s boldly written on my resume. But then who among us doesn’t cherish those rare evenings when the world can’t intrude? You know, the kind of nights where all you crave is a bit of time for tranquility and a little laziness.

Now, don’t get me wrong, I’m not one to easily succumb to idleness, but it seems Saturday evenings occasionally conspire to challenge that claim. I can’t pinpoint the exact reason. On this particular Saturday, I’d just returned from a quick meetup with the founder of a budding fintech startup seeking my insights. The day’s tasks had left me yearning for a peaceful night of preparing for church on Sunday and some well-deserved rest. But you see, I have a soft spot for cooking a delicious pot of spaghetti. So I donned my apron.

As I stood in the warmth of my kitchen, I could almost savor the simmering tomato sauce on my gas. The gentle sizzle of garlic and onions in the pan filled the air with such irresistible aroma. I know there are amazing chefs in the world but boy, do I know my way around a kitchen?! I dey cook!

Twenty minutes later, with my culinary magic in hand, I headed to the living room, all set for a very lazy evening with Netflix. Just as I was about to press play and savor that first, glorious bite, there it was – a persistent, unwelcome knock on my door. Not now! Not when I’m in the middle of something this sacred!

 

I placed my beloved bowl of spaghetti on the table and went to see who had dared to interrupt my peaceful evening. As I opened the door, my cousin, Chima, stood there with a ridiculous grin on his face. He was with a lady I didn’t recognize. She was the only reason that kept me from slamming the door in his face.

They were tasked with an assignment to write an essay on Escrow services and they had to use a real-life escrow service provider as a case study. This was the second reason I didn’t turn them all away. I love Tech and I love PEPPA.

Being me, I forgot I had a meal to attend to and I dived headlong into all I knew about PEPPA.

I introduced PEPPA as an escrow service, likening it to a trustworthy mediator in a transaction. To help them understand, I asked them to picture a scenario with two parties – a buyer and a seller – exchanging something valuable, like money or assets. In this setup, Peppa acts as a neutral referee to ensure a smooth process. The buyer and seller each deposit what they’re offering into the escrow account, creating a financial “no man’s land” where neither party has control over the funds or assets. PEPPA’s role then comes into play. They diligently inspect the terms and conditions both parties agreed upon. This can involve checking the condition of the item being sold or verifying the authenticity of the money. If everything checks out, PEPPA releases the funds or assets to the rightful recipient. This setup significantly reduces the risk for both the buyer and the seller. It ensures that everyone follows the agreed-upon rules, guaranteeing a fair and secure transaction where no one ends up on the losing side.

I clarified that there are key players in the PEPPA process. To start, we have the Agents – these are the experienced professionals who work with PEPPA. Their role is very important. They oversee the entire transaction, ensuring its legitimacy. They verify and authenticate the parties involved and manage the funds or assets held in the escrow account. Moving on, we have the buyer. This is the individual or company looking to purchase something, be it goods or services. They’re the ones who kick off the PEPPA process by placing their money or assets into the unique PEPPA account. Then, there’s the Seller. This is the party responsible for providing the goods or services and agreeing to fulfill the terms and conditions laid out in the deal. It’s worth mentioning that sellers can also engage PEPPA initially, often on their online stores, to build trust with potential customers. I also explained that both buyers and sellers can easily open an account with PEPPA and download the app to utilize the service. Once an account is established and a buyer wishes to initiate the service, several actions occur behind the scenes.

To break it down, PEPPA kicks off the process by creating a special escrow account specifically for the transaction at hand. This account is kept separate from their regular operational accounts, a vital point I stressed by saying, “One unique account per transaction.” After that, PEPPA gets into the nitty-gritty of verification and authentication. They put on their detective hats and meticulously check and confirm the identities of the people involved. There are no shortcuts here, and they also ensure that the money or assets are genuinely available. I added something crucial: PEPPA doesn’t just handle money or assets. They also pay close attention to relevant documents. These documents are safely stored and managed, ready to be handed over once the transaction successfully concludes. I emphasized PEPPA’s role as a communicator. I made it clear that PEPPA serves as the go-between, ensuring that communication flows smoothly between the buyer and the seller, essentially acting as a central hub of information. And if any issues or disputes arise, they step in as peacemakers, helping both parties reach an agreement that works for everyone.

I pointed out the important detail: funds or assets don’t get handed out casually. PEPPA has a system of specific conditions and checkpoints. They only transfer the money to the seller when these conditions are fulfilled, which might include confirming the delivery or making sure the buyer is content with the transaction.

In a nutshell, I made it clear that PEPPA isn’t merely an observer; it’s like the conductor of a carefully orchestrated financial performance. Its role is to ensure that everything harmonizes smoothly, leaving both parties content with the transaction’s outcome.

My audience was spellbound and I reveled in the twenty minutes of uninterrupted speech. Although my Spaghetti was nearly cold, I loved the look on their faces. They definitely had gotten more than what they came for. I helped them set up PEPPA accounts and advised them to use PEPPA whenever they made a purchase online to secure their transactions.

Conclusion

I later discovered the lady’s name was Mandy, and she appeared enthusiastic about leaving to document and write a report about our discussion. However, my cousin seemed a bit hesitant. His gaze bounced between my plate and the kitchen, making it clear that he had very mischevious “longer throat” intentions. I got the hint and all but drove him away from my house. My lazy evening had been successfully interrupted but my mouthwatering spaghetti was definitely not up for sharing.

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BUSINESS

African Development Bank signs $45 million grant agreement with Chad for asphalting of the Kyabé-Mayo road section

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African Development Bank signs $45 million grant agreement with Chad for asphalting of the Kyabé-Mayo road section

The African Development Bank (www.AfDB.org) and the government of Chad have signed a grant agreement worth $44.9 million to finance the asphalting of the 49.5-kilometre Kyabé-Mayo section of the Kyabé-Singako road, including the construction of a 55-metre bridge.

The agreement was signed in N’Djamena on 19 February 2025 by Tahir Hamid Nguilin, Minister of State for Finance, Budget, Economy, Planning and International Cooperation, and Claude N’Kodia, the Bank’s Acting Representative in Chad. Several members of the Chadian government were also present, including the Minister for Infrastructure, Access-Improvement and Road Maintenance, Amir Idriss Kourda, and the Secretary of State for Finance and Budget, Ali Djadda Kampard. Also present was a delegation from the International Monetary Fund, led by its head of mission for Chad, Julien Reynaud,

African Development Bank signs $45 million grant agreement with Chad for asphalting of the Kyabé-Mayo road section

African Development Bank signs $45 million grant agreement with Chad for asphalting of the Kyabé-Mayo road section

The funding will support one of the Chadian government’s key development objectives through strategic infrastructure improvement.

“The [Moyen-Chari] region, including Kyabé, Singako and Am Timan, has strong economic potential. It is Chad’s main agricultural basin and livestock area, rich in fish resources. Fish are supplied from Moyen-Chari to a large part of the country’s south and even to foreign markets,” stated Nguilin, also the Bank’s Governor for Chad.

The road project will open up southern and eastern regions of Chad, reduce vulnerability, and strengthen the resilience of local populations, especially women and young people. It will improve the transportation of goods and people between Kyabé and Singako by providing an all-weather road, facilitating the flow of agricultural and animal products from the rich areas of Moyen-Chari and Salamat to the consumer centers of Sarh, Moundou, N’Djamena and Abéché. It will also enhance accessibility to Moyen-Chari from neighboring Sudan.

The agreement paves the way for support from the Islamic Development Bank to finance the second section of the 205-kilometer Mayo-Singako-Am Timan at an estimated cost of $275.5 million.

“The African Development Bank is a strategic partner of Chad, particularly in the transport sector. The construction of the road section will reduce the overall cost of transport in Moyen-Chari […] and improve the living conditions of local people thanks to easier access to health and education facilities and to the country’s main consumer centers,” said N’Kodia.

The Kyabé-Mayo section of the Kyabé-Singako road is one of the missing links in the N’Djamena-Moundou-Sarh-Kyabé-Am Timan-Abéché corridor and forms part of the priority structuring network that the Chadian government aims to develop to ensure nationwide coverage and permanent accessibility.

The African Development Bank Group remains a strategic financial partner for Chad, with its strategy paper focusing on two priority pillars: developing infrastructure to achieve strong and diversified economic growth and promoting good governance to increase the effectiveness of public action and the attractiveness of the economic environment.

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

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The International Islamic Trade Finance Corporation (ITFC) Maintains Leadership in Global Ranking of Islamic Syndications for 4 Consecutive Years

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The International Islamic Trade Finance Corporation (ITFC) Maintains Leadership in Global Ranking of Islamic Syndications for 4 Consecutive Years

The International Islamic Trade Finance Corporation (ITFC) Maintains Leadership in Global Ranking of Islamic Syndications for 4 Consecutive Years

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB), has reinforced its position as a key player in the Islamic syndications market, achieving prominent rankings in the 2024 Bloomberg and Refinitiv League tables.

The International Islamic Trade Finance Corporation (ITFC) Maintains Leadership in Global Ranking of Islamic Syndications for 4 Consecutive Years

The International Islamic Trade Finance Corporation (ITFC) Maintains Leadership in Global Ranking of Islamic Syndications for 4 Consecutive Years

For the fourth consecutive year, the ITFC top-tier performance reflects a strategic focus on delivering impactful trade finance solutions. For 2024, Refinitiv ranked ITFC as Globally # 1 Bookrunner and Mandated Lead Arranger (MLA) in their Islamic Syndications League table. Additionally, and Bloomberg also ranked ITFC among the top Bookrunners and MLA in the Islamic Syndications League table. These rankings are a testament to the ITFC ability to consistently deliver value-driven results and maintain a strong position among leading international and regional financial institutions.

The recognition from Refinitiv and Bloomberg confirms that ITFC is a key player in facilitating trade among OIC member countries. This not only reaffirms the ITFC status as the pre-eminent provider of trade solutions but also underscores its remarkable ability to draw investments from a wide spectrum of global investors and financial institutions.

Additionally, it emphasizes the positive impact on the lives and livelihood of people inherent in the ITFC business operating model, demonstrating its effectiveness in meeting the unique financial needs of OIC member countries.

The Refinitiv and Bloomberg League tables rank banks and financial institutions based on their performance in loan syndications, bonds, and mergers and acquisitions (M&A) transactions. The rankings, including arrangers, bookrunners, administrative agents, and advisors, are published quarterly and annually.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).
About the International Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$83 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools, which would enable them to successfully compete in the global market.

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Network International appointed as Payment Processing Partner by MTN Group Fintech

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Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon   Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration.  Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”  

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.
About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

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