Business
Zain Nig Opts For Telenity’s “Payforme” Service
Telenity, a leading provider of next generation converged services platforms and applications for communications networks, announced Monday that Zain Nigeria has chosen Telenity’s market leading mobile collect call Application, Canvas “Payforme” for deployment in its network.
The Nigerian operators currently cover thousands of communities across the six geo-political zones of the country and account for 20 per cent of Zain Group’s total revenues.
Telenity and its local partner CIS Nigeria will provide Zain Nigeria a mobile collect call system that supports 20 million subscribers.
This new win with yet another Zain Group operation, is a joint success of the two companies and is an affirmation to their commitment, the region and their mutual customers.
Canvas Payforme, Mobile Collect Call Application also known as wireless reverse charge calling; provides mobile subscribers the opportunity to make calls or have a low balance in their prepaid accounts.
By allowing the costs of the call to be charged to the called consents Canvas Pay For Me helps operators increase their network usage and stimulate revenue generating calls that would not have been otherwise made.
Canvas Payforme, Mobile Collect Call Application will help Zain Nigeria remain competitive and continue to be among the first network providers to offer subscribers leading innovative serves that improve their communications experience and lifestyles.
“We are proud to buy innovative mobile communication service to the vibrant and diverse Nigerian communities, even to customers across various social and economic spectra” said its Nigeria chick commercial officer Shamel Hamafi.
Hamafi noted that the mobile collect call solution deployment in Zain Nigeria, adding significant strategic achievement for Telenity and its local partner CIS will expand further its presence in Africa.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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