Premierhub, a leading Tech Hub in Lagos Nigeria, proudly participated in the prestigious GITEX Africa 2024 (www.GITEXAfrica.com), held in Marrakech, Morocco. The event was a remarkable platform for tech enthusiasts, startups, and industry leaders to converge, showcasing the dynamic growth and potential of Africa’s tech ecosystem.

GITEX Africa 2024 witnessed significant international participation, with over 400 investors, 70% of whom were from abroad. This impressive turnout highlighted the increasing global interest in Morocco’s burgeoning tech landscape. The event facilitated the signing of several partnership agreements and memorandums of understanding between Moroccan and international companies, paving the way for future collaborations and innovations.

A central theme of this year’s GITEX Africa was the transformative potential of artificial intelligence (AI) in driving development across the continent. Ms. Trixie LohMirmand, CEO of KAOUN International, emphasized, “AI will be a very important technological transformative power in Africa, given the talent that comes from Africa, particularly Morocco.” The event featured numerous global experts who provided invaluable insights into the future of the AI economy, underscoring the continent’s potential in this field.

Key highlights from the event included:

Huawei’s EM2.0 Model: At the Africa Carrier Cloud Transformation Summit 2024, Huawei introduced its pioneering digital transformation path for African operators, focusing on “Enable New Growth Beyond Connectivity.”
Parsys Telemedicine’s Innovation: Parsys Telemedicine showcased their telemedicine station, marking the first introduction of such technology in Africa, demonstrating the power of collaboration and innovation.
Orange Maroc and AWS Partnership: Orange Maroc announced a strategic partnership with Amazon Web Services (AWS) to drive digital innovation across the continent, promising future game-changing developments.

In an exciting development, GITEX GLOBAL announced the launch of GITEX Nigeria, Africa’s largest single digital economy event. With the National Information Technology Development Agency (NITDA) of Nigeria as the Strategic Partner Sponsor, this event aims to present AI Everything, GITEX Future Finance, GITEX Health Tech 5.0, and North Star Startups and Scaleups, further integrating the Nigerian tech ecosystem into GITEX Africa and extending its reach into GITEX GLOBAL events in Dubai and Berlin.

Premierhub’s participation in GITEX Africa 2024 underscored our commitment to driving technological innovation and collaboration within Africa. From insightful keynotes to engaging panel discussions, the event covered the latest trends and innovations in tech, reinforcing Africa’s position as a key player in the global tech industry.

As we move forward, Premierhub remains dedicated to connecting, innovating, and inspiring through cutting-edge technology and strategic partnerships. Stay tuned for more updates and exciting developments as we continue to lead the way in Africa’s digital future.

Distributed by APO Group on behalf of GITEX Africa.

About Premierhub:
Premierhub is a tech hub focused on innovative solutions and digital transformation providing Coworking space, Private office, Training room, Boardroom, Event hall to mention a few to startups. We aim to harness the power of technology to drive growth and development across various sectors in Africa and beyond.

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited. This brings the total current funded facility size to US$ 3.175 billion.

Arranged and coordinated by Afreximbank, the accordion arrangement saw the raising of a combined total of US$925 million from a consortium of crude oil off-taker lenders including but not limited to the Oando Group and Sahara Energy Resource Limited.

Afreximbank acted as Mandated Lead Arranger, Technical and Modelling Bank, Bookrunner, Facility Agent, Offshore Account Bank, Intercreditor Agent and Collateral Agent for the transaction which is expected to provide further support for Nigeria’s macroeconomic stability and long-term economic growth while enhancing the country’s industrialisation and trade development efforts.

This announcement follows the success of the first accordion tranche of the US$3.3 billion facility. In December 2023, the project received funded commitments totaling US$2.25 million. The US$925 million accordion arrangement raises the total amount disbursed to US$3.175 billion.

Commenting on the disbursement, Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, said: “The milestone achieved thus far, on this facility, demonstrates the Bank’s capabilities in performing its role as a crucial development partner for Africa. It reaffirms our commitment to assisting our member states in their efforts to achieve economic growth and stability. This funding will greatly support the attainment of Nigeria’s short and long-term economic development priorities.”

Prof. Oramah described the original facility as ‘a landmark’ for being the largest crude oil-backed facility in Nigeria and one of the largest syndicated debts raised in Africa, adding that the closure of the first accordion demonstrated the existence of positive market appetite for well structured commodities-backed instruments.

Mele Kyari, Group CEO, NNPC Limited commended Afreximbank Management and team for their investment philosophy and active interest in co-creation of prosperity. “The successful disbursement of the first accordion under project Gazelle and its interest in funding viable and strategic projects is a clear indication of investors’ confidence in NNPCL and Nigeria’s growth aspirations.” Said Mr. Kyari.

He further assured Afreximbank and all investing communities of NNPCL’s resolve to continue to grow the nation’s hydrocarbon resources and strengthen its partnerships across the oil and gas value chain locally, and globally.

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Mr Vincent Musumba
Manager
Communications and Events (Media Relations)
Email: press@afreximbank.com
Tel: +20 2 24564100 /1/2/3
Mobile: +201030121123

About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of September 2023, Afreximbank’s total assets and guarantees stood at over US$33.4 billion, and its shareholder funds amounted to US$5.8 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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Synaptique is proud to announce our successful participation in Gitex Africa 2024 (https://GITEXAfrica.com), held in the vibrant city of Marrakech from May 29-31. As a leading provider of advanced AI and ML data solutions for telecom operators, Synaptique took this opportunity to engage with industry leaders and showcase our innovative solutions.

During the three-day event, our booth attracted a significant number of visitors from different African countries eager to learn about our data solutions designed to empower, protect, and elevate telecom operators. Our offerings include:

S-ONE FRAUD: Monitoring CLI Wangiri and SIMBOX to protect operators from fraudulent activities and revenue loss.
S-ONE QoS: Quality of Service (QoS) Monitoring solution ensuring superior network performance and customer satisfaction.
S-ONE MFS: Mobile Money Monitoring solution Enhancing the security and efficiency of mobile financial services.
S-ONE RA:  Revenue assurance solution maximizing revenue streams and ensuring financial integrity.

AI and ML Integration

At Synaptique, we harness the power of AI and ML to deliver intelligent, adaptive solutions that evolve with the dynamic needs of the telecom industry. Our AI-driven analytics provide actionable insights, enabling telecom operators to proactively address issues, optimize performance, and innovate with confidence.

Our participation at Gitex Africa 2024 provided a platform for us to demonstrate the capabilities of our AI-driven data solutions. We engaged in numerous insightful discussions with representatives from various African telecom companies, regulators, and industry stakeholders. These interactions allowed us to understand their challenges better and tailor our solutions to meet their specific needs.

Notably, we were honored to host distinguished visitors at our booth, including the Minister of Post, Telecommunications, and Digital Economy from Comoros, as well as representatives from Djibouti, Senegal, Benin, and Kenya. These high-level engagements underscored the importance of our solutions in addressing the pressing issues faced by telecom operators across the continent.

A highlight of our participation was the opportunity to share our case studies on the successful implementation of SIMBOX and CLI fraud detection solutions in Central Africa. These case studies provided concrete examples of how our solutions have effectively reduced fraud and improved revenue assurance for telecom operators in the region.

“We are thrilled with the interest and positive feedback received during Gitex Africa 2024,” said Yassine Lasri, CEO of Synaptique. “Our innovative solutions are designed to tackle the most critical challenges in the telecom industry, and events like Gitex Africa provide an excellent opportunity to connect with our peers and potential clients.”

As we continue to expand our footprint in Africa, Synaptique remains committed to delivering data solutions that drive efficiency, security, and growth for telecom operators. We look forward to building on the connections made at Gitex Africa 2024 and continuing our mission to revolutionize the telecommunications landscape through innovation and excellence.

Distributed by APO Group on behalf of GITEX Africa.

Contact:
Salwa laarif
Marketing Manager
Synaptique
salwa.laarif@synaptique.com

About Synaptique:
Founded in 2001 by telecom industry veterans, Synaptique was conceived with a clear vision—to revolutionize the telecommunications landscape through innovative solutions centered around Big Data Analytics and Artificial Intelligence (AI). Our mission is to empower, protect, and elevate telecom operators by providing them with advanced tools to ensure security, optimize performance, and drive revenue growth. With a portfolio that includes solutions for QoS monitoring, fraud detection, revenue assurance, and mobile money monitoring, Synaptique is dedicated to helping telecom operators navigate the complexities of the digital age with confidence and efficiency.

For more information about Synaptique and our solutions, please visit our website at www.Synaptique.com

ElGameya, an Egyptian fintech startup revolutionizing the traditional ROSCA (Rotating Savings and Credit Association) model, is thrilled to announce its participation in GITEX Africa 2024 (www.GITEXAfrica.com). This esteemed event is a premier platform for technology and innovation, and we were proud to be among the leading innovators showcasing our solutions.

ElGameya has earned a spot in the semifinals of the Supernova Competition, specifically in the fintech and blockchain category. This recognition underscores our commitment to advancing financial inclusion and transparency through cutting-edge technology. Our platform digitizes the ROSCA process, providing users with a seamless, secure, and efficient way to save and borrow money.

During GITEX Africa 2024, ElGameya engaged with industry leaders, potential investors, and technology enthusiasts to discuss our journey, innovations, and the future of fintech in Africa and beyond. Our team demonstrated how our platform works, discussed our recent achievements, and explored opportunities for collaboration.

“We are incredibly proud to be part of GITEX Africa 2024 and to have made it to the semifinals of the Supernova Competition. This platform provides us with a unique opportunity to showcase our innovative solutions and connect with other forward-thinking leaders in the fintech space. We believe that our participation will pave the way for new partnerships and further advancements in our mission to democratize financial services,” said Ahmed Mahmoud, Founder&CEO of ElGameya.

Distributed by APO Group on behalf of GITEX Africa.

Media Contact:
Ahmed Mahmoud
Founder and CEO
ElGameya 

About ElGameya:
ElGameya is an Egyptian fintech startup dedicated to transforming the traditional ROSCA model through digital innovation. Our platform offers a transparent, efficient, and secure way for users to save and borrow money, enhancing financial inclusion and empowering individuals across the region. By leveraging technology, ElGameya aims to simplify the financial landscape and provide accessible financial services to all. For more information, visit http://www.ElGameya.com.