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Reliance Health raises $40 million to accelerate affordable health delivery in Nigeria

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They said that software will “eat” the world but I will add that before that can happen, hardware will “cook” the world. The news that Nigeria’s Reliance has raised $40 million could come as a surprise to many, but for those in the health tech domain, it is expected.

Here is the deal: the health sector offers many promises in Africa. But capturing that value cannot just happen by delivering new digital technologies. In other words, digital tech has severe limitations if they do not have platforms to operate in the health sector.

Those platforms are many and the most important among them is health insurance. The fact is this: it is very hard to make money from someone who does not have money. The reason why healthtech is doing well in the advanced economies is because insurance makes it possible to pay the innovators pioneering new domains. Africa, unfortunately, has not been lucky in that space.

So, if you want to win this market with technology, you need to think how you can make it easier for people to afford whatever you bring. Reliance is addressing these two concerns with new technologies and a novel insurance model. Combining both, it reduces costs via technology-anchored productivity, while making it easier for people to afford whatever it is offering via health insurance plans.

Having raised $40 million, I think that it should be one of the most valued health insurance ecosystem players in Nigeria since you will expect the valuation to be north of $100 million and few insurance companies in Nigeria are in that league.

Reliance Health operates business-to-business and business-to-customers models. Reliance HMO is the company’s health insurance plan for both sets of customers where individuals can select monthly, quarterly or yearly health plans ranging from ?3,500 (~$7.00) to ?148,500 (~$297.00). On the other hand, businesses can make subscriptions on behalf of their employees, which Kuti said are slightly cheaper than plans used by retail customers.

Over 200,000 individuals in total from both models use Reliance Health. But the platform has seen the most stickiness with its business customers. The platform serves 600 of them, including Biersdorf Nivea, Jumia and PwC, while maintaining an attributable intention rate of 99%, said Kuti.

This is a pure double play strategy and the company has captured value by powering its digital solutions with affordable health insurance plans: “Double play posits that firms mix market positioning of products to maximize strategic competitiveness: A company could be delivering service in one sector while capturing value in another. And most times, what is helping the firm to thrive goes beyond what many people associate with it.”

  Nigerian Senate As Retirement Hub For Governors

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As a growing child, I strongly nurtured the concept that if I eventually joined politics in future, I would like to serve in the Senate whereby I would be involved in making national laws and would be able to be addressed as Senator.

But it seems currently, I’m gradually losing that dream, which I once nurtured with great passion and vigour. The loss of interest might not be unconnected with the ongoing trend across the federation I’ve taken time to observe.

With all due respect, the continued melodrama being displayed by serving governors in Nigeria has ostensibly made the revered Red Chamber of the National Assembly (NASS) to inadvertently lose its honour by the day. My choice of words ought to be considered apt if you make a bit effort to be in my humble shoes.

I wouldn’t be informing us if I say these various serving governors have made the Senate to be seen as their retirement hub. Virtually all wanted to land in the NASS’ upper chamber having been handed over as the Executive Governor of his State. This glaring situation is pathetically fast becoming a norm.

It has amusingly continued unabated that any governor who’s serving his second term and almost completing the tenure wouldn’t hesitate to start dreaming how he would be addressed as a senator the moment he left office.

They continually think in this direction as if it has become statutory for them to vacate the Government House for the Senate upon the expiration of their tenures.

The question remains: how did we get here or who actually initiated this? Aside from ascertaining the brain behind the initiative, there’s equally need to realize the reason the electorate are yet to question – in its entirety – this practice, which has succeeded in truncating the chances of ‘virgin’ Nigerians securing a senatorial seat.

As the purported political tradition lingers, most concerned analysts are engulfed in uncertainties as they ceaselessly argue that there’s no good side of the unending practice.

According to this set of thinkers, the system is unwittingly throwing normalcy to the dust by allowing a few gladiators to hijack what belongs to all. I concur wholly with this school of thought, hence deeply perturbed about the existence of the uncalled act.

As I keenly observe the intrigues and intricacies surrounding the perverted political system, I can’t help but remain sober. The unfriendly ripples emanating from the anomaly is enough reason to worry over the future of our nascent democracy. This, therefore, calls for an alarm from any well-meaning onlooker.

It becomes more worrisome when realized that any of the said politicians who intends to retire to his country home, or outside the Senate, after serving as a governor is strongly ‘scolded’ by his teeming followers for nurturing such interest let alone disclosing it.

This implies the followers are partly, if not mainly, the reason the leaders have apparently chosen to remain the bidders while the former continue to clap with their teeth widely open.

It’s so sad, to assert the least, that no Nigerian politician – on the average – wishes to retire having served ‘successfully’ in a certain position of authority; rather, he would want to taste virtually every other political post as he leaves office. This has abruptly become a recurring decimal among these politicos. One could boldly opine that this is an aberration.

Retirement is a good thing that every right thinking person should yearn for. It is a time when an individual is required to take a resounding rest having meritoriously served in a particular position within a given duration. Such a period in one’s life deserves to be celebrated by all and sundry. But it’s absurd that in this part of the world, people fear to go for such rest.

On the part of the civil servants, particularly the state employees, their fear is understandable. They are invariably afraid to embrace retirement owing to the fact that receiving their pensions, and even gratuities, would be far-fetched. So, in this case, we are moved to sympathize with this class of persons.

But in the case of the politicians who may have acquired ‘all’ while in office, such fear of the unknown is laughable, thus not in any way acceptable. Funnily enough, these past governors would gladly collect pensions while serving as senators. How do we reconcile this?

My prime worry and furry is that the country’s revered Senate is fast becoming a retirement ground for its various politicians. Lawmaking, which is a very critical and sensitive activity, hence supposed to be reserved strictly for only ‘fresh bloods’, is now seen as a duty meant for retirees. This ugly development is mischievously implying that our young ones cannot handle the said portfolio as expected. What a nation!

We cannot continue to mortgage our collective future for a mere pot of porridge yam. It’s conspicuously high time the youth rose up from this slumber that has already unequivocally consumed their fortune. This arrant apathy, or perhaps ignorance, that smacks of cowardice, ought to be wholly terminated headlong.

As I weep on this rostrum, I don’t seek for one that could wipe the tears but someone who would truly and fully comprehend the real essence of the sobriety.

What You Should Know Before Playing in South African Online Casinos?

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Online gambling goes hand in hand with fun and excitement, and people all over the world are eager to discover new operators and innovative games to play. If you are looking to join an online wagering site, here are some valuable tips you should consider before you start playing in South African online casinos. Let’s dive in.

Check Laws and Regulations

First things first – before you start playing, it would be wise to go through all the relevant legal information to avoid any complications, especially as a South African player, since online casinos are somewhat of a gray area in the country.

For example, some banks will not even support transactions made through certain platforms from South Africa, which, in the end, could make your winnings impossible to gather. That is why the safest way to enjoy online gambling is to double-check (emphasis on this!) every platform’s licensing and registration data or choose one of the reliable foreign websites.

In this regard, there are great sites from different parts of the world that welcome South African casino players and support the local currency, where Malta is among the most popular

Find a Reputable Listing Website

The best way to pick the right platform is to find a reputable listing that analyzes and compares the best online casinos for South African players, like Playcasino.co.za. Places like this can be your guide to understanding the key criteria behind choosing the right platform. They will provide you with a list of suggestions supported by hundreds of casino reviews that will help you make an informed decision.

And the best part – casino listings sites kind of operate as the Wikipedia of the digital gambling world, keeping track of all the industry news and innovations for all kinds of game types ranging from exciting table games to simple scratch cards.

Look at the Variety of Games

Thanks to technological developments and providers such as Microgaming, Playtech, and Net Entertainment, the selection of online casino games is constantly on the rise. Seeing the copyright of one of the above-mentioned developers also adds to the reliability of the gambling shop you’re about to join.

Players can enjoy new versions and variations of classics such as roulette, baccarat, blackjack, slots, and the rest, and discover some innovative solutions such as live dealer table games and video poker. That is why you should make sure to choose a site that offers a wide selection of options. For example, if you are a fan of slot machines, you will hardly be satisfied with an operator with just one or two kinds available.

Explore the Payment Options

The variety of payment options provided by an online casino is something more to consider before you place your first wager. Since you will be making money deposits and winning withdrawals on a regular basis, you want to make sure the site accepts your preferred payment methods. Nowadays, many platforms also provide their members with innovative gateways such as e-wallets and even cryptocurrencies.

Moreover, it is also a good idea to take further care of your money by creating a smart bankroll strategy.  That way, you may save a bonus amount of money you can use in the future.

Review the Bonuses

In order to make your wagering experience as fun as possible, never miss a chance to make use of online casino bonuses. From deposit bonuses to free spins and amazing jackpots, you can access a variety of rewards supported by the industry.

Once you choose the right website, check your email for promotions so you wouldn’t miss a casino bonus you might like. Some sites will give them on a weekly basis, while others may have a different schedule. You can read online reviews to get an understanding of the site’s bonus structure, or go through their basic rules to fully understand your rights and obligations.

Find a Game You Love

All players have their own preferences when it comes to the choice of gambling entertainment. Some prefer simple forms like slot machines, while others are more interested in games like poker that require strategic thinking. If you are entirely new to the world of digital operators, you may want to try out several games before you focus on just one.

Ideally, you should find a website that offers some free playtime so you could test as many games as you can before investing money for the first time. That way, you can figure out how each of them works, and choose your favorites. Once you’ve selected the game you’re most comfortable with, you may even start following the news about the tournaments available. Whether it’s a team game or individual entertainment, you can try your luck and take part in a competition.

There are many operators available to South Africans, and before you settle for one, make sure you explore your options. Now that you know what criteria to keep in mind before choosing an online establishment, you are ready to make the right decision.

Do Nigerians Really Need Speed Bumps? Mixed Experience and Research Insights

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There are a number of roads classified as Truck A, B, and C in Nigeria’s six geopolitical zones. Truck A roads are those managed by the federal government, while Truck B and C roads are managed by the state and local governments, respectively.

Apart from the fact that these governments are supposed to build, renovate, and maintain these roads, they are also responsible for ensuring the safety of the users. This has been one of the primary motivations for placing various objects on the roadways in order to ensure the safety of drivers, commuters, and pedestrians. The high reduction projected from road crashes, on the other hand, has never been achieved over the years. Between January and June, 2021, the Federal Road Safety Corps reported 5,320 crashes and 2,471 deaths nationwide. Due to the worrisome nature of these data, the first three quarters of the same year provides an opportunity for debate and consultation across the country on the role of speed bumps in road safety. However, speed bumps are not entirely to blame for collisions.

According to our checks, Nigerian regulations permit the installation of speed bumps and other materials deemed necessary for ensuring safety on rural and urban internal roads and highways. According to Transportation Management Experts and Engineers who spoke with our analyst, the erection is necessary because many drivers exceed the speed limit per hour per kilometer. Several sources also indicate that speed bumps or humps are still the most efficient way to increase road user safety.

Mixed Positions and Impacts

Despite the advantages stated by academics and experts in the transportation and mobility industries, responses from various schools of thought on the usefulness of conical, heaped, hollow, and other types of speed bumps are varied. For example, the government is the best-qualified party to install speed bumps on the three types of roads mentioned previously. Individuals and groups, on the other hand, have erected the bumps in the majority of situations, based on our observations and interactions.

Over-speeding by many drivers is jeopardizing the lives of children, the elderly, and other users, according to the submission of individuals and communities who created the bumps. While some drivers who spoke with our analyst agreed that installing speed bumps is a good idea, others considered that putting bumps on the roads had more disadvantages than benefits. The drivers stated that bumps cause persistent backache, spinal pain, delay, discomfort, and frustration in the majority of situations, similar to what our analyst discovered from academics who have thoroughly investigated the topic in the last ten years.

Aside from that, their automobiles are being harmed. They mentioned wheel damage, wheel misbalancing, and clutch burning as some of the problems they have when driving on bumpy roads, particularly those with a lot of them. According to our findings, speed bumps made of a mixture of cement and concrete and formed in a ‘large form’ pose a greater risk to drivers than those made of rubber and flat in shape.

Our analyst recently went on a trip to Saki, a northern town in Oyo state, and what he saw was similar to what scholars have studied over the years. Iseyin-Saki Road has around 90 speed bumps from the freshly completed road at Moniya to the town. Our analyst and others were unconformable for the entire 5-hour ride from Ibadan, believing that the bumps were causing the travel to be delayed. People who have traveled inside Ekiti, Ondo, Rivers, Abia, and other states report similar experiences.

Because concerned stakeholders are constantly seeing the reasons for building speed bumps, the mixed positions and impacts from experience and researches have demonstrated that erection of speed bumps cannot be halted. However, a better technique for their erection is required. When erecting the bumps, the Ministry of Transport and other government entities in charge of road construction and maintenance should always follow best global practices. Rubber types, for example, should be prioritised above concrete types, particularly on intra-city and town roads. Illegal speed bumps built on highways and those installed by communities without regard for regulations must be eliminated.

Meta Threatens to Pull Out of Europe if Regulators Enact Anti-international Data Transfer Policies

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Meta, Facebook’s parent company, has warned that it would pull out of Europe if the authorities continue with the move to stop it from exchanging data from European users with the United States, according to a document the company has filed with the US Securities and Exchange Commission (SEC).

The development is coming on the heels of Meta’s massive shares plunge that wiped off over $250 billion from the social media giant’s market value last week.

Facebook has been bedeviled by tightening private data policies that Europe is heralding, and has increasingly found itself in the grip of unfavorable regulations. This latest faceoff with European regulators may affect the company’s existence in Europe.

“If a new transatlantic data transfer framework is not adopted and we unable to continue to rely on SCCs (standard contractual clauses) or rely upon other alternative means of data transfers from United States, we will likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.

“If we are unable to transfer data between and among countries and regions in which we operate, or if we are restricted from sharing data among our products and services, it could affect our ability to targets,” Meta said in a statement, admitting that any changes would materially and adversely affect our business, financial condition, and results of operations.

The case started several years ago with a complaint from the Austrian privacy activist Maximilian Schrems about Facebook Ireland, the company’s European headquarters. Schrems had complained to the Irish data protection authority about Facebook Ireland’s transfer of personal data to its parent company in the US. He wondered whether they were sufficiently protected in the US.

Meta has weighed pulling out of a country as an option against unfavorable regulatory legislations before now. Last year, the social media behemoth moved to quit its news service in Australia as the government introduced a legislation that will force it to pay publishers for their content. Meta reversed its decision after the Australian government softened the legislation.

Europe has been tightening its antitrust laws to hold the Big Tech accountable for how they use private data of consumers. In 2020, Facebook was told by privacy regulators in Ireland that it could no longer use standard contractual clauses to comply with privacy rules when sending data to the US, the so-called Privacy Shield.

European regulators are trying to set new privacy-focused policies that are different from what is obtainable in the US. The European Court of Justice has said that personal data is less well protected in the US than in Europe. The US and the EU have tried to work out a new policy on the use of private data, but it is yet to be implemented.

Meta, which heavily relies on the processing of user data in order to provide targeted online advertisements, immediately protested the move, saying it will greatly hurt its business.

If Europe proceeds with the rule, it will have a devastating impact on businesses relying on Meta’s social media platforms, Facebook, Instagram and WhatsApp to offer their services.

“A lack of safe, secure and legal international data transfers would damage the economy and hamper the growth of data-driven businesses in the EU, just as we seek a recovery from covid-19,” City AM quoted Nick Clegg, Meta’s VP of Global Affairs and Communication as saying.

“The impact would be felt by businesses large and small, across multiple sectors. While policymakers are working towards a sustainable, long-term solution, we urge regulators to adopt a proportionate and pragmatic approach to minimize disruption to the many thousands of businesses who, like Facebook, have been relying on these mechanisms in good faith to transfer data in a safe and secure way,” he added.

However, Meta is likely going to suffer more as businesses relying on it would eventually switch to alternative social media platforms. The company’s recent shares’ plunge was largely as a result of Apple’s ATT (app tracking transparency) introduced last year. The ATT enables iPhone users to stop Facebook from tracking them across the web to harvest data for targeted ads.

The Irish data regulator is currently investigating the matter while Meta waits for the final decision expected mid-year. But if a “good” solution is not found, Meta, which is currently struggling to stay afloat in the US, will suffer an existential crisis.