The Nation Newspaper Wema Bank plans N70m cash spend on startups, innovators
Wema Bank has laid up about N70million to support startups and innovators under its youth and startup-focused tech competition programme, tagged Hackaholics 5.0. The unveiling held at the bank’s Head Office in Lagos, yesterday.
This year’s edition, themed: “Meta-Idea: DigiTech Solutions for Africa’s Prosperity”, pledges a total cash prize of over N70million for top innovators across Africa.This grand scale edition will be executed over a six-month period, with tours to 10 Universities across Africa and challenging the youth to pitch unique, innovative and practical Digi-Tech solutions to positively impact the acceleration of progress, development and prosperity, not just in Nigeria but across the African continent.
“With Hackaholics, we have taken our innovation drive outside the bank, empowering youths for success and facilitating the development of transformative solutions tailored to the needs of diverse Nigerians and even the African populace. Mabawonku said the project aligned with the sustainability vision of the bank, ‘Developing Digital Solutions for Societal Impact’. saying over the years, the Group has been privileged to not only peek into some very insightful ideas, life-changing products and companies that have been created via this platform, but also drive sustainable growth in every vertical of the Nigerian economy.
Explaining the details of the annual competition, the bank’s Head of Innovation, Solomon Ayodele underlined that this year’s theme was anchored on two principal factors—The Meta Idea and African Prosperity. Ayodele noted that for this year’s competition, there won’t be limitation of entries to any specific verticals.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anti-fraud campaign: Wema Bank moves against dishonest tech partnersWema Bank has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.
Read more »
Wema Bank unveils anti-fraud campaign to protect customersThe Nation Newspaper Wema Bank unveils anti-fraud campaign to protect customers
Read more »
Wema Bank Reports Unprecedented Increase in Profit Before Tax in 2023Despite economic challenges, Wema Bank records a 196% increase in profit before tax in 2023, showcasing strategic foresight and operational excellence.
Read more »
Surpassing financial targets: Exploring Wema Bank’s innovation and blueprint for success in the financial sectorA deep look at Wema Bank’s growth trajectory in the past decade not only reflects an innovative brand but also a resilient bank that has transitioned through several faces of Nigeria’s economy and consistently stood strong year on year
Read more »
Wema Bank records 196% rise in PBT to N14.7bThe Nation Newspaper Wema Bank records 196% rise in PBT to N14.7b
Read more »
C&I Leasing, Wema Bank, Mutual Benefits top stocks pick this weekThis is not a buy, sell or hold recommendation but a stock investment guide.
Read more »