Urgent news on SRD SASSA payment, applying 2023
Earlier this year, some revisions were made by the Department of Social Development (DSD), modifying job Regulations pertaining to the Covid-19 Social Relief of Distress (SRD) grant as outlined in the Social Assistance Act. These adjustments pertain to the expiration date of the grant payments. Please be informed that the grant programme will be ending in March 2024. Beyond this, all components of the SRD SASSA payment regulations remain unaltered, including the grant’s value, which remains at R350 per month. Given the recurring uncertainties surrounding the continuation of the SRD grant since 2021, there are talks that the SRD grant should be sustained indefinitely and its value adjusted to account for current inflation in 2023. The argument is that it should be left to run until a more comprehensive system of basic income support, pegged at least to the Food Poverty Line and increasing over time to the above the Poverty Line, can replace it. A school of thought in the government highlights that the constitution mandates the gradual realisation of social assistance for those in need, and removing funding for the SRD grant would be a regression of constitutionally provided rights. Whether the grant will be sustained beyond 2024 is still under doubt. However, you may want to take more proactive steps on your SRD SASSA payment application process. If you have a pending appeal, you may want to check its status. If you need to change your banking details, you may want to start the process as soon as possible. Apply for the SRD SASSA payment today For those who are looking to start the SRD SASSA payment application, read the following quick steps: 1. Eligibility Check: Ensure you meet the eligibility criteria, which typically include being a South African citizen or permanent resident, unemployed, and between the ages of 18 and 59. 2. Required Documentation: Gather necessary documents such as your South African ID or permit, proof of address, and details of your financial situation, like income and expenses. 3. Application form: Create an account on the SASSA website. Fill out an application form on the SASSA. Complete the form accurately and honestly. 4. Submission: Submit your completed application form on the portal. 5. Follow Up: After submission, keep track of your application status. You can do this by contacting the SASSA office, visiting their website, or using any communication channels they provide. You can read more about applying for the SASSA Grant here. Final thoughts Remember that application processes and requirements can change, so it’s wise to check with the official SASSA website or local offices for the most up-to-date information before proceeding. Also, the deadline for the grant payment may be extended, however, you’re advised to take active steps towards receiving your payments in time before it ends.
Read MoreExclusive: Moniepoint moves into retail banking space
Moniepoint, one of Nigeria’s biggest business banks, is moving into personal banking with the launch of a consumer app and debit card. Moniepoint, a Nigerian business bank with an annualised total payment volume of $170 billion, is venturing into the personal banking space like its business banking competitors, OPay and PalmPay. The company says the new app will enable users to make transfers, pay bills, and buy airtime, while its debit cards, which will be issued through Mastercard and Verve, can be used at ATMs, POS terminals, and online. The company also says it will introduce a first-of-its-kind automated dispute resolution system that will enable users to log disputes for failed card transactions and track them until they get a full reversal within 48 hours. This is in line with the CBN’s guidelines on chargebacks, which mandate a 48-hour reversal period. When asked why Moniepoint was venturing into the highly saturated personal banking space, Ope Adeyemi, a senior vice president, told TechCabal that Moniepoint saw “an opportunity to make things better.” “We currently have 650,000 terminals all over the country, and assuming there are 120 million adults in Nigeria, the ratio is 185:1. We can leverage this to make payments and banking better.” Adeyemi also added that with Moniepoint’s personal banking app, the company would be able to bring reliability to payments. “We still have to rely on other banks to complete payments, but the idea here is to improve the reliability of making payments and banking by ensuring that the process of making payments starts with the customer on Moniepoint and ends with the merchants on Moniepoint as well; that way we can literally almost guarantee 100% success rates,” he said. For an 8-year-old payments company, Moniepoint could have launched a personal banking product earlier, but Adeyemi shared that the company chose now because “[Moniepoint] are positioned to do it right.” He added that the company had designed its personal banking app to be as reliable as possible and added features such as salary advances. The app would also contain all the sensitive information on a customer’s debit card instead of being on the card. Adeyemi also added that a play at remittances would come later for both its business customers and its personal bank customers.
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How to flash an Android phone 2023
Android phones are better built these days, so people hardly need to flash phones as the case used to be in the introductory era of Android devices. Flashing an Android phone is a complex process that involves installing a new firmware or operating system on your device. This can be necessary if you want to update to a newer version of Android, fix software issues, remove a virus, or even install a custom ROM. Here are the steps to flash an Android phone: 1. Backup your data Before you start the flashing process, make sure to back up all your important data, as the process will erase everything on your device. 2. Unlock bootloader Many Android devices require an unlocked bootloader to install custom firmware. You can usually do this by enabling Developer Options in Settings, enabling OEM unlocking, and then using fastboot commands on a computer to unlock the bootloader. 3. Download firmware or ROM Obtain the firmware or custom ROM that you want to install on your device. Make sure it’s compatible with your phone’s model and version. 4. Install USB drivers Ensure you have the appropriate USB drivers for your phone installed on your computer. These drivers allow your computer to communicate with your device during the flashing process. 5. Install ADB and fastboot tools These tools enable you to send commands from your computer to your device while it’s in bootloader mode. You can download and install them on your computer. 6. Enable USB debugging On your phone, enable USB Debugging in the Developer Options. This allows your computer to send commands to your device. 7. Boot into bootloader mode Power off your device and then boot it into bootloader mode by pressing specific key combinations. This varies by device, so refer to your device’s manual. Or check online for your specific phone’s navigation. 8. Connect your device Connect your device to your computer using a USB cable. 9. Flash the firmware or ROM Use the fastboot commands to flash the firmware or custom ROM onto your device. This process might involve multiple steps, including flashing individual components like the system, boot, recovery, etc. 10. Wipe data and cache to continue flash on Android phone After flashing, it’s recommended to perform a “factory reset” from the recovery mode. This will clear old data and cache, ensuring a clean installation. 11. Reboot after flash on Android phone Once the flashing process is complete, reboot your device. It might take a bit longer than usual for the first boot as the system sets up. 12. Set up your device Follow the on-screen instructions to set up your device, including signing in with your Google account. 13. Test and troubleshoot after flash on Android phone Test your device thoroughly to ensure that everything is working as expected. Sometimes, issues might arise due to incompatible firmware or bugs in custom ROMs. 14. Restore data to complete flash on Android phone If you backed up your data in the first step, you can now restore it to your device. 15. Lock bootloader (Optional) If you unlocked the bootloader in step 2 and you’re not planning to install custom firmware permanently, you might want to relock the bootloader for security reasons. Final thoughts on how to flash an Android phone 2023 Remember that flashing your Android phone carries risks, and if not done properly, it can lead to a bricked device. Ensure you follow accurate instructions for your specific device and proceed with caution. If you’re not comfortable with the process, it might be best to seek help from experienced users or professionals.
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👨🏿🚀TechCabal Daily – Skills, Skills, Skills
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Happy pre-Friday Congratulations to Nigeria’s tech ecosystem! Yesterday, CcHub funder Bosun Tijanu was confirmed as the country’s new minister of communications and digital economy. The 46-year-old tech entrepreneur and investor is now tasked with driving impactful policies to support the Nigerian tech ecosystem. In today’s edition M-PESA is live in Ethiopia Kenya’s Startup Bill moves forward Google to train 20,000 Nigerians AWS launches first Africa skill centre The World Wide Web3 Event: The Moonshot Conference Opportunities Mobile Money M-PESA launches in Ethiopia Image Source: Safaricom M-PESA, the fintech arm of telecom Safaricom, is now live in Ethiopia. The telecom got its mobile money license in May, and it launched yesterday to serve the 2 million users that Safaricom has attracted since it expanded to Ethiopia last year. Side bar: Safaricom became the first private telecom provider in Ethiopia after the government opened up its state-controlled telecom sector to private companies. Ethiopia, which has around 120 million people, presents an enormous opportunity for Safaricom’s telecom and fintech business. A bigger and older competitor: M-PESA will face stiff competition from the state-controlled Ethio Telecom’s mobile money service Telebirr which reportedly has more than 34 million subscribers. The parent company Ethio Telecom is currently doing way better than Safaricom which saw a dip of around 20% in its core earnings in the year ending on March 31. This was due to the cost of its expansion to Ethiopia. Safaricom has made a really big bet, and time will tell if it was worth it. Secure payments with Monnify Monnify has simplified how businesses accept payments to enable growth. We are trusted by Piggyvest, Buypower, Wakanow, Fairmoney, Cowrywise, and over 10,000 Nigerian businesses. Get your Monnify account today here. Legislation Kenya’s Startup Bill 2022 reaches Second Reading Kenya’s Startup Bill 2022 has moved forward. The bill has now reached the Second Reading stage in the Senate, after its first reading on February 15, 2023. Per Techmoran, the bill aims to provide a comprehensive legal framework to encourage the growth of innovative startups in the country. How so? The Startup Bill promises to usher in a slew of game-changing provisions. These provisions will expedite business registration, simplify tax, reduce bureaucracy and regulatory hurdles, and increase collaboration. It also provides mechanisms for easier access to funding, from dedicated funds for fledgling startups to tax perks for angel investors. It also promotes the protection of intellectual property locally and internationally. Zoom out: Kenya’s Startup Bill is toeing the same line as the Nigeria Startup Act which the country passed into law last year. Like Nigeria, Kenya hopes that the bill will make the country a cozy nest for startups to hatch and flourish. Discover Trends with Smile Identity Download the Smile ID State of KYC in Africa Report on the latest trends in identity verification across Africa, highlighting the power of biometric verification and document verification in combating fraud. It is a must-read for any business looking to acquire users across Africa and keep up with fraud trends. Big Tech AWS launches first Africa Skill Centre in Cape Town Image Source: Amazon South Africans are getting upskilled. Amazon Web Services (AWS) has launched its first African Skills Centre in Cape Town, South Africa, to remove barriers to cloud skill training. The AWS Skills Centres are specialised, on-site cloud learning facilities designed by Amazon for people interested in cloud computing who want to discover potential career paths within the industry, and learn how to develop the skills required. Earlier this year, the big tech company announced that it would invest $1.8 billion in South Africa by 2029, and this appears to be part of that investment. This is the third AWS Skills Centre—first in Africa—the company has opened globally. Its other two centres are in Arlington, Virginia, and Seattle, Washington, both in the United States. The new cloud computing training facility is part of Amazon’s commitment to helping 29 million people worldwide improve their tech skills for free by 2025. Zoom Out: According to the World Economic Forum’sThe Future of Jobs Report 2023, most organisations identify skills gaps and an inability to attract talent as the primary barriers to industry transformation. By 2027, 60% of workers will need training, but only half can currently access sufficient training opportunities. Consequently, AWS said the new facility in Cape Town will increase community transformation efforts and workforce-development initiatives. One of the main goals is to level the playing field by offering free education programmes to nontechnical workers, which will assist in meeting the increasing demand for qualified cloud talent. Big Tech Google to train 20,000 Nigerians in digital skills Image source: YungNollywood In more training news, Google also wants to upskill Nigerian youths. The big tech company will reportedly train 20,000 Nigerian women and youths in digital skills. Alongside training, Google will also invest ₦1.2-billion ($1.5 million) in helping the government create one million digital jobs in the country. Per its Africa executives, the programme is in conjunction with Data Science Nigeria and the Creative Industry Initiative for Africa. Google director for West Africa Olumide Balogun said the company would commit funds and provide digital skills to women and young people in Nigeria and also enable start-ups to grow, which will create jobs. Zoom Out: Nigeria has a growing young population, About half of the population—a staggering 110 million—is 17 or younger. However, figures from the National Bureau of Statistics put the country‘s unemployment rate at 33.3%. Google’s plan to equip 20,000 youths with digital skills represents a good step in enabling Nigeria unleash its human capital potential—which seems like its greatest asset. Save costs with QoreID Seamless customer onboarding made easy! Onboard users instantly and save costs with CBN compliant regulations. To learn more, visit www.qoreid.com or book an instant demo at sales@qoreid.com Crypto Tracker The World Wide Web3 Source: Coin Name Current Value Day Month Bitcoin $28,601 – 1.97% – 5.63% Ether $1,796 – 1.57% – 7.02% CyberConnect
Read MoreBosun Tijani named minister of communications and digital economy
Bosun Tijani has been named the minister of communications, innovation, and digital economy. The 46-year-old tech entrepreneur and investor is now tasked with driving impactful policies to support the Nigerian tech ecosystem. After scaling through a grueling ministerial screening, Bosun Tijani has been named minister of communications, innovation, and digital economy, according to a list conveying ministerial portfolios unveiled on Wednesday. The CcHub CEO, whose nomination has signified new heights for Nigeria’s tech ecosystem, had faced opposition from lawmakers over his critical tweets about Nigeria’s politics and politicians. But a heartfelt apology was his saving grace. His appointment represents a break from the norm of civil servants and career politicians being appointed as the minister responsible for Nigeria’s fast-growing digital economy. For instance, the immediate past minister of communications and digital economy, Isa Pantanmi formerly served as the director-general of the National Information Technology Development Agency (NITDA). Although Tijani won’t be the first startup founder to serve in government, this will be the first time that a member of the tech ecosystem will be getting a cabinet position, creating a new level of validation. The 46-year-old, who co-founded one of the most influential tech incubators on the continent, will now be tasked with driving impactful policies to support the ecosystem he has helped build. Just last week, Obi Ozor, the CEO of Kobo360, a logistics startup, was appointed as commissioner of transport in Enugu. Tijani has led the expansion of CcHub across Nigeria, Kenya, and more recently, Namibia. From its humble beginnings in Yaba, CcHub has grown to become a significant catalyst of tech advancement in Africa by empowering young people with the tools, communities, and capital they need to launch impactful ventures. With a billion naira growth fund, CcHub has committed to impacting over 95 early-stage businesses including those bringing innovation to Africa’s education and healthcare systems.
Read MoreM-PESA goes live in Ethiopia today, but it has a long way to catch up to Telebirr
While Safaricom officially launched in Ethiopia in October 2022, the big question was when it would launch M-PESA, its popular mobile money product. The answer came three months ago when Ethiopia granted a mobile money license to Safaricom. Starting today, M-PESA will become immediately available to 4 million Ethiopians. Stanley Njoroge, interim CEO of Safaricom Ethiopia, said, “We are excited to go live with M-PESA in Ethiopia and start providing Mobile Financial Services to our customers. M-Pesa is known to be a game-changer for financial inclusion and provides services to more than 51 million customers across seven countries in Africa offering a safe and secure platform for transactions.” The service can be accessed via USSD code *733# or the M-PESA Safaricom Ethiopia smartphone app, available for both iOS and Android. However, according to a Safaricom Ethiopia’s X account post, the app will only be accessible to customers in the coming weeks. Safaricom has also not disclosed whether a dedicated M-PESA super app will complement the service. Safaricom launched a separate super app for M-PESA for Kenyan customers that bundles all M-PESA services, including credit facilities and mini apps that leverage the M-PESA payment ecosystem. Based on trends in Kenya, complementary M-PESA products in Ethiopia will eventually be replicated in the market, but that can only happen after the service successfully scales. Paul Kavavu, Interim General Manager of Safaricom M-PESA Mobile Financial Services PLC, said, “M-Pesa is Africa’s most successful mobile money service and the region’s largest fintech platform both for the banked and unbanked due to its safety and convenience. It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services. In Kenya, it has enabled the growth of financial inclusion that over 90% of the adult population has access to mobile banking. We look forward to replicating this success in Ethiopia and excited to go live with the services. In the coming months we will continue to add more functions and work with all Ethiopians to jointly realize the transformative power of M-PESA.” M-PESA will compete with Ethio Telecom’s Telebirr, which has been in operation since 2021. Telebirr has gained popularity in Ethiopia’s finance sector, serving 34.3 million customers and with transactions valued at $12.3 billion. It provides key digital financial services, including Telebirr Sanduq and Endekise. These services have extended microloans adding up to $74.4 million, 2.4 million customers, and facilitated over $3.6 billion in micro-savings. Alongside the Commercial Bank of Ethiopia, Telebirr plans to boost its offerings, similar to M-PESA, by introducing loan and savings products. Its network includes 615 service centers, 136 master agents, and 107,300 agents.
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The CBN is hoping a $3bn emergency loan will solve Nigeria’s FX problems
As the CBN struggles to solve Nigeria’s FX problems, it will receive a $3bn boost. The jury is out on whether this will bring short-term stability. A day after the acting CBN governor Folashodun Shonubi told reporters about plans to stabilise Nigeria’s recently volatile FX market, the Naira gained N30, exchanging for N910/$1 on the parallel market after closing at N940/$1 on Tuesday. After a meeting with President Tinubu on Tuesday, Shonubi said the CBN would roll out new measures; “Some of the plans and strategies, which I am not at liberty to share with you, means sooner rather than later, the speculators should be careful because we believe the things we’re doing, when they come to fruition, may result in significant losses to them.” Price movement on Nigeria’s parallel market After an attempt to unify rates began with optimism in June, it became clear that the CBN did not have the resources to settle the FX backlog. This inability to meet demand meant that the parallel market continued to be the viable source of supply, creating sharp differences in price from the official I&E window. At the time of this report, the I&E window quoted a price of N785/$1, presenting an arbitrage opportunity that the CBN is desperate to eliminate. While the markets moved quickly today, many observers remained at a loss about what drove the gains. NNPC Limited confirmed today that it secured a $3 billion emergency crude repayment loan from Afrexim Bank. The thinking is that the loan will clear the current FX backlog, which some sources earlier estimated to be between $2.5 billion and will stabilise prices. Yet, things could turn out differently. With an actual backlog of FX demand of $10 billion (8 Trillion), the loan from Afrexim may be incapable of solving the liquidity problem in the medium or long term. Some observers have suggested that an IMF loan is inevitable, given the country’s finances. In the end, loans, wherever they’re from, are only temporary solutions to get the house in order. Nigeria will need to deepen its FX and monetary reforms and improve its oil production.
Read MoreMTN fintech and data products drive boost service revenue to $335 million in Uganda
MTN has reported service revenue strides to $335 million. Its fintech product, among other services such as data and voice, substantially contributed to this growth. MTN Uganda has recorded a 15% jump in service revenue, reaching Ush 1,250 billion ($335 million), driven by strong voice, data, and fintech performance. This growth was reported during H1 2023, ending on June 30. Sylvia Mulinge, MTN Uganda CEO, noted that the 15.0% service revenue growth aligns with the company’s target, reflecting resilient voice performance, double-digit data, and fintech revenue growth. “Despite inflation, we managed costs effectively,” she stated. Voice revenue increased by 9.4%, supported by customer base expansion. Net additions added 910,000 customers, reaching 18.1 million, driven by strategic gains. MTN Uganda further eased 2G congestion through customer migration to 3G, enhancing the customer experience. However, customer transition to new networks remains a challenge, unlike neighbouring Kenya where Airtel Kenya and Safaricom have already launched 5G services, with Airtel leading the pack. MTN Uganda’s data revenue rose 22.1% to Ush 290.2 billion ($78 million), driven by 21.4% growth in active data subscribers, up to 6.9 million. Smartphone penetration grew to 35.7%, with 24.1% more smartphone users. Efforts to promote smartphone adoption included partnerships with TakeNow and supported by MTN Kabode smartphone sales. MTN Pay Mpola Mpola offers smartphone instalment plans, while Kaboda smartphones provide affordable devices with internet access and data bundles. A similar product exists in Kenya through Safaricom’s Lipa Mdogo Mdogo program. Both aim to provide accessible smartphone choices. This replication is unsurprising, considering Mulinge served as Safaricom’s chief consumer business officer before leaving the company in October 2022 for MTN. “On the commercial side, we ramped up efforts on smartphone adoption through partnerships with manufacturers and enhanced our device financing programme to address the affordability challenges. These initiatives drove a 24.1% growth in smartphone users and improved our smartphone penetration to 35.7% (+3.7pp),” added Mulinge. MTN Uganda’s fintech revenue grew 18.6% to Ush 358.3 billion ($96 million). According to the data, fintech users reached 10.9 million customers (+11.6%), following advanced revenue sources, mainly in payments and international remittances. Customer uptake of MoMoPay drove merchant expansion to 267,000 (+223%), leading to a 26.3% jump in transaction volumes, up to 1.6 billion, and a 44.4% growth in transaction value to Ush 61.6 trillion. Agent numbers, however, decreased to 162k (-5.5%). “Our efforts were directed towards digitalisation of our customer value chains to drive cashless payments with MoMo Pay and enhancements in our international remittances portfolio to support borderless payments in key trade markets. This has augured well for our advanced revenue contribution growing to 26.3% (+8.8pp) in line with our medium-term objectives,” Mulinge clarified. These numbers showcase the importance of fintech services in MTN Uganda’s revenue targets. MTN offers similar products in other markets across the continent, and just the other day, Mastercard said it would purchase a minority stake In MTN Group’s fintech business. The purchase will focus on MoMo, a mobile money service, which has been valued at $ 5.2 billion.
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Investors react negatively after Jumia’s tepid Q2 results
Investors baulked after Jumia’s Q2 results showed the company lost 1 million active customers despite reporting its lowest loss in four years. After Jumia shared its financial results for the second quarter of 2023, investors reacted negatively, causing its shares to close at a 17% low on Tuesday. Jumia reported a 15% decline in revenue, with other metrics also declining. Gross Merchandise Value (GMV), number of orders and active customers declined compared to Q2 2022. Jumia also lost 1 million active customers between Q2 2022 and Q2 2023. Jumia’s stock price fell following the release of Q2 results One big positive in Jumia’s report was that it reduced its losses to the lowest in four years. Reducing its losses is significant if the company becomes profitable. Yet there are many other worries. Its lower operational losses came from a massive reduction in sales and advertising spend. A significant reduction in its workforce also reduced its General and administrative expenses. While lowering costs is one part of the lever, increasing revenue is the second, and this is where Jumia fell short in Q2. Macroeconomic headwinds across many of its African markets have made business difficult. Inflation in key markets like Nigeria, Ghana and Egypt and currency devaluation continues to hinder growth; it contributed 14 basis points to the reduction in the company’s GMV. The biggest challenge remains the slow growth of these economies and the decline of the purchasing power of citizens. It remains to be seen if Jumia can be profitable despite the economic terrain. One thing is clear: Jumia is throwing the kitchen sink at it in search of revenue growth. It has done an about-face on its strategy of focusing on groceries and everyday items. Jumia also insinuated that the theory that selling groceries and everyday items would improve stickiness may not be accurate. “We continue to recalibrate our product and service portfolio, moving away from the most profitable categories with limited consumer lifetime value,” said the company’s CEO, Francis Dufay. Critically, one effect of reduced consumer purchasing power is that people cut down on non-essentials or switch to cheaper alternatives. Even if Jumia offers groceries, it may not have the more affordable alternatives many customers can find offline. Jumia is betting on JumiaPay, citing “strong development potential to process payments on behalf of third-party merchants.” Dufay added, “In line with our objective of making JumiaPay an even more effective e-commerce enabler, we are significantly increasing the penetration of JumiaPay in both our physical goods and food delivery platforms.”
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🚀Entering Tech #38: How to grow with internships
And pitfalls to avoid. 16 || August || 2023 View in Browser Brought to you by Issue #38 How you can grow with internships Share this newsletter Greetings ET people In last week’s edition, we dove into the exciting world of internships We shared how tech internships worked, and how they’ve helped techies like Binjo Adeniran, Jesimiel Williams, Ajiri Omafokpe and Joyce Imeigha. In today’s edition, the concluding edition for this two-part series by Reneé PR’s Oluwatoyosi Adebusuyi, we’ll talk about what you can get from internships—other than just money—and how to avoid pitfalls. Let’s dig in. by Timi Odueso. Tech trivia Some tech trivia to get the brain juices flowing. Which company’s internship program is renowned for offering its interns “hackathons” where they spend all night coding and developing? GitHub, a platform commonly used by tech interns, was acquired by which major tech company in 2018? What you can get from internships Internships continue to be a key driver in propelling careers forward. With an increasing number of startups embracing the concept of hiring and training interns, people find it easier to embark on their career journeys, particularly those transitioning into new professional paths. An internship can provide the clarity needed to fully comprehend and navigate a new industry or job role. Joyce Imeigha Joyce Imiegha embarked on an exciting career transition from public relations to product management. Haven taken several product management courses, she secured a valuable internship opportunity at Stax where she gained hands-on experience, and made significant contributions to the success of the product. Impressively, within six months of her internship, Joyce’s performance earned her a promotion to the position of Associate Product Manager. She attributes this achievement to the unwavering support of her manager and colleagues, as well as the company’s inclusive and supportive work culture, enabling her to transition smoothly and flourish in her new role. Many interns working in Nigerian startups have also enthusiastically shared how their internships have left a lasting impact on their personal and professional lives, setting a strong foundation for their career success. Chidinma Okechukwu, a marketing intern at GoMoney has found clarity in her marketing career. She shares, “I’ve grown so much here, feeling confident as a digital marketer.”Ayomide Ogunsiakan, a growth intern at Stears Insights, talked about how kindness has played a significant role in her internship experience. Despite initial challenges, the nurturing environment has contributed to her progress, and she feels reassured by the feedback she gets, knowing they trust her work. Boluwatife Olajubu Boluwatife Olajubu loves being part of Love Box, a startup, because of its small and close-knit team. As a new product designer, the company actively supports her career goals. She expresses, “It is refreshing to work in a company that understands and actively helps me exceed my limits.” What to look out for Internships undoubtedly offer great experiences, but they do come with their share of challenges that need to be addressed. One significant challenge faced by some interns is the lack of a well-defined structure in their internships. This can result in reduced productivity and confusion about roles and responsibilities, leaving interns feeling disoriented and uncertain about their tasks. To ensure a meaningful and productive internship experience, organizations should strive to establish clear guidelines and support systems for their interns. Another issue revolves around the prevalence of unpaid or low-paid internships, where some unfortunate situations even lead to interns being denied compensation based on an unjust perception of being undeserving. Additionally, limited or inadequate mentorship can hinder interns’ professional growth and overall experience, as they may struggle without proper guidance and support. The misconception that internships solely benefit interns seeking experience is far from true, as these programs also hold considerable value for startups, presenting opportunities for talent acquisition. Managers are also very essential in internships, and Olabinjo Adeniran gives credit to Mark Essien for his growth and learning. Despite being an intern, Mark ensured he made the most of the entire experience. He expresses, “Mark’s patience and specific feedback helped me focus on essential aspects aligned with our growth objectives.” Oluwafemi Akinola Managers like Wendy Okeke and Oluwafemi Akinola acknowledge the fresh perspectives and positive contributions interns bring to their teams. Wendy Okeke, a marketing and communications manager revealed that “an impact that is hard to miss is the fresh perspectives interns bring—working with people that have little or no knowledge but can form an opinion about a product or brand is an intangible value.” Oluwafemi Akinola, a frontend engineer, emphasises how interns contribute to startups by providing support on projects, fostering diversity and inclusion, and serving as a talent pipeline. He advocates for startups to develop impactful tech internship programs due to these reasons. Jesimiel Williams reinforces this sentiment stating, “Investing in grooming and training fresh minds is truly rewarding, as many of the remarkable talents often begin as interns.” Onyinyechi Nneji stresses the need for companies to adopt clear learning pathways and personalised guidance during internships, while Ajiri Omafokpe recommends conducting reviews and matching interns with mentors to enhance their experience. The experiences of these professionals and the invaluable contributions of interns make it evident that internships play a pivotal role in shaping one’s career and professional development. They open doors for aspiring individuals to pursue their passions, gain real-world experience, and thrive in their careers. Embracing the value of internships for individuals and organisations is vital to moulding the next wave of tech leaders and uplifting the tech workforce. By making internships even better, nurturing talent, and providing guidance, startups, HRs and team managers hold the key to shaping the future generation of tech stars. Attend The Web3 Lagos Conference Web3 Lagos Conference is a 3-day physical and virtual event comprising of the hackathon, workshops, networking, career fair and panel sessions. The Conference will hold between August 31 and September 2, 2023, at The Zone, Gbagada, Lagos State. The Web3Lagos conference is powered by Web3Bridge in Conjunction with Ayagigs. Register for free at event.web3bridge.com Ask a techie
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