Techmoney has roundup on three latest innovative stories. Sterling Bank is currently in partnership with Microsoft to empower 10,000 women in 2021 across five African countries: Nigeria, Ghana, Kenya, South Africa, and Egypt. CBN’s eNaira project enters its next stage as they appoint a global fintech company to commence work and lastly there is also good news for Content creators, read the full story below.
Building on its quest to build a diverse and inclusive team, Sterling Bank has signed a Memorandum of Understanding with Technology for Social Change and Development Initiative (Tech4Dev), a non-profit social enterprise working to provide access to decent work for Africans through digital and technology skills empowerment and advocacy.
At the signing ceremony held recently at the Marina Headquarters of the financial institution in Lagos, Sterling Bank officially committed to partner with the Tech4Dev as an experiential learning partner for its Women Techsters initiative. The Women Techsters is an initiative of Tech4Dev aimed at bridging the digital divide between men and women in the technology ecosystem by empowering 5 million women across Africa with digital and deep tech skills by 2030. The organization is currently in partnership with Microsoft to empower 10,000 women in 2021 across five African countries: Nigeria, Ghana, Kenya, South Africa, and Egypt.
CBN Calls for British fintech to develop digital currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as the technical partner for its digital currency.
The CBN said the digital currency, called ‘eNaira’, would be unveiled before the end of this year.
According to a statement by the current Director, Corporate Communication, Osita Nwanisobi, this was disclosed by the CBN Governor, Godwin Emefiele, who said the benefits of the central bank digital currency include increased cross-border trade, accelerated financial inclusion, cheaper and faster remittance inflows, and easier targeted social interventions.
He said the virtual currency would also ensure improvements in monetary policy effectiveness, payment systems efficiency, and tax collection.
Content creators can now make up to $10,000 on YouTube Shorts.
YouTube Shorts creators can now receive their share of a new $100 million YouTube Shorts Fund to be distributed over 2021-22, as a reward for creating exciting and engaging content on the platform.
The fund will be distributed to thousands of eligible creators each month as a bonus payment, based on their content’s performance in the previous month
Creators can receive up to $10,000 based on viewership and engagement of their Shorts content. To qualify, channels must meet the minimum eligibility requirements refreshed each month to give other creators the opportunity to receive a reward for their creative and unique Shorts.
The Shorts Fund is the first step in building a monetisation model for Shorts on YouTube and is a chance for creators to earn and build their growing businesses as the world focuses on economic recovery. YouTube Shorts announced the $100m YouTube Shorts Fund some months.