Tag Archives: Financial
Financial inclusion: Agric tech coy targets over 1m Nigerian farmers
Technology tamfitronics An agricultural technology company, has revealed plans to provide financial inclusion services to over one million smallholder farmers across the country in the next five years.The regional manager of the company known as ThriveAgric, Samuel Garba, disclosed this on Wednesday at Kaduna youth and women’s empowerment town hall meeting.The gathering was organised by ThriveAgric in collaboration with Crust Microfinance Bank with the theme; ‘Igniting Change and Driving Economic Growth’ .According to him, ThriveAgric distributed inputs to farmers to reduce unemployment rate in the country.“We have empowered over 540 ,000 farmers across Nigeria, empowered over 200,000 in Kaduna within 4 years . Our target is to empower over 1 million farmers in Kaduna and Nigeria in the next five years,” he said,Garba however, harped on the need to invest more in young people for...
EZGO ANNOUNCES FINANCIAL RESULTS FOR THE SIX MONTHS ENDED MARCH 31, 2024, Business News
Business new tamfitronics PUBLISHED ONSeptember 09, 2024 9:30 PMFinancial Highlights (all results compared to the prior fiscal year period unless otherwise noted)Revenues were $8.6 millionan increase of 66.1%Units sold of e-bicycle reached 4,766, a decrease of 76.7%Units sold of batteries and battery packs reached 243,336, an increase of 2614.6%Gross margin was 5.7%, compared with 3.5%Net loss was $4.7 millioncompared with $5.0 millionThe Company has cash and cash equivalentsof approximately $0.7 million at March 31, 2024compared to approximately $17.3 million at September 30, 2023Management CommentaryDuring the six months ending on March 31, 2024due to the continuous decline in upstream raw materials price of lithium batteries, the penetration rate of lithium batteries in the e-bicycle industry gradually increased, and the sales volume of lithium batteries through various channels expanded significantly. The Company's management promptly seized this opportunity...
Australian Financial Disclosure technology to make waves at the Asia Risk Congress, Business News
Technology tamfitronics Objective Keystone expands into Asia: Enhancing compliance and risk management for financial services companies Objective Keystone expands into Asia: Software widely used in the financial services industry in Australia and New ZealandObjective Keystone is coming to Singapore. Strengthening compliance and risk management across Asia: Objective Keystone, the SaaS cloud solution transforms regulated document production and due diligence processes. Asia launch: Objective Corporation will launch at the Asia Risk Congress with a keynote presentation on customer journeys with Climate-related Financial Disclosure and other Regulated Documents. /PRNewswire/ -- Objective Corporation (ASX: OCL), a global leader in software solutions for the...
Enhancing financial performance of Nigerian businesses through new technology adoption
Technology tamfitronics Nigerian businesses are increasingly looking towards adopting technology to enhance their financial operations and performance. New technologies like artificial intelligence (AI) and other technological advancements present a unique opportunity to transform traditional business operations, particularly in optimising proactive financial management.However, the journey towards technological integration is fraught with challenges, including the need for substantial investments, adopting a pragmatic business mindset and addressing data privacy concerns.The story of Stanley Umeorah, a seasoned finance and business management expert with extensive business consulting experience across Nigeria, the United Kingdom, and the United States of America, illustrates this.Some of his recent work on AI and machine learning adoption for optimising core business and finance operations highlight unsung benefits of these new technologies. He sheds light on how big data and machine learning can be a game-changer...
