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Companies

Young and creative Mayowa Okegbenle creates innovative approach to building apps for professionals

WePrototype Technologies, a new technology company in Nigeria, unveiled its brand on Tuesday, June 11th, in Lagos, to provide the latest Google technologies to Nigerians. This will be combined with prototyping to build mobile apps for professionals.

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WePrototype Press Release conference

WePrototype Technologies, a new technology company in Nigeria, unveiled its brand on Tuesday, June 11th, in Lagos, to provide the latest Google technologies to Nigerians. This will be combined with prototyping to build mobile apps for professionals.

The Aim: While speaking during the unveiling event which held at the NECA House in Ikeja, Lagos, the company’s Founder and Chief Executive Officer, Mayowa Okegbenle, said he understands the struggle many entrepreneurs face when trying to create the right app for their business. That is why Weprototype was founded.

Speaking on how Weprototype plans to proffer its solutions to the tech world, the company’s Clients’ Relations Officer, Maureen Omage, said that the idea of WePrototype is to change the narrative surrounding the tech world.

According to her, many entrepreneurs face a lot of disappointments when building and trying to get an exact app they want. She stated that most times, they are left with an underserving app. Other times, the developer abandons the project.

More Details: Also speaking was Folake Solaja, the Head of Marketing Communications, who stated that technology has created new opportunities for entrepreneurs, enhanced business prospects, and provided good user experience. She said that is why WePrototype Technologies is on board to contribute their quota to the industry.

According to Okegbenle, the focus of this company is to help senior professionals deliver on their entrepreneurial ambition. He also stated that Weprototpe caters for all entrepreneurial needs regardless.

Founder of WePrototype, Mayowa Okegbenle.

What Weprototype tends to solve: Speaking at the press conference, Okegbenle said that since Weprototype tends to provide technical services for people who are probably first-time entrepreneurs, the company ensures to give clear and direct advice to their clients to avoid making any mistake.

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“We don’t just build mobile apps, we ask questions. Why do you want to build this? What’s the business objective? How will you make money? How would we define success? It is through these answers that we provide that technical ‘cofounder value’. It is through that dialogue we can say, yes! this is how we are going to help you build it, and this is how we will make sure it succeeds.”

He continued that since tech services are often expensive, the company has come up with an individual payment plan that will be convenient for its clients. He added that this payment plan can span off to several weeks or months to coincide with salary payments or other income.

What makes Weprototype different? According to Maureen Omage:

“At WePrototype Technologies, we use the Prototyping Methodolgy to deliver apps that succeed. We combine this methodology with the latest mobile app building tool from Google called ‘Flutter’ to build beautiful high-performance apps.

WePrototype doesn’t just build apps, it technically supports the entrepreneurs and provides the best solution for their business, by listening to our client perspective and advising them accordingly.”

Another advantage of WePrototype, according to Folake Solaja, is that it builds apps the right way and then provide a prototype which is a replica of the real app.

From the left, Maureen Omage (Client Service Relation) Mayowa (Founder) Folake Solaja (Marketing Communications) Seyi (Customer)

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This helps the client to make corrections and adjustment and share with their consumers for approvals and certainties before developing the final app.

After this, they provide clients with marketing strategy, assist them to get a functioning website, register their business on Google search engine, and set up basic marketing processes for email marketing and social media marketing.

At the event, Seye Seton, the co-founder of VendorCredit and a client of WePrototype Technologies, shared his testimony, saying:

“The team at WePrototype Technologies have been fantastic in getting my project off the ground. I was amazed at their attention to details. VendorCredit app is truly amazing. It is exactly what I want it to Be. Everything was done according to schedule. I am happy with the app. It is now time for me to executive my marketing plans.”

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Appointments

Airtel Nigeria announces appointment of Surendran as new Chief Executive Officer

Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new MD/CEO with effect from August 1, 2021.

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Like MTN, is Airtel Nigeria considering listing?

Telecommunications giant, Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new Managing Director and Chief Executive Officer with effect from August 1, 2021.

Surendran would be replacing the outgoing Managing Director and Chief Executive of Airtel Nigeria, Olusegun Ogunsanya, who has been elevated to the position of Chief Executive Officer of Airtel Africa Plc with effect from October 1, 2021.

According to a report from the News Agency of Nigeria, this disclosure is contained in a statement issued by Airtel on Wednesday, May 5, 2021, in Lagos.

READ: Airtel Africa signs new $500 million loan with Bank of America, HSBC, others

The statement says that Surendran would also be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

Airtel in its statement said, “Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

He was the Chief Executive Officer of Karnataka, which is the largest circle in Airtel India, with over one billion dollars in revenue.

Surendran delivered an exceptional performance with significant movement in Revenue Market Share (RMS) over the last few years, currently at 54 percent. He has over 30 years of business experience, including 15 years at Xerox.’’

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Airtel said that Surendran would transition into his new role from June 1, 2021, and spend the time onboarding into the business until July 31, 2021.

READ: Meet the latest billionaires on the Nigerian Stock Exchange

In case you missed it

It can be recalled that a few days ago, Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, announced the appointment of Mr Olusegun Ogunsanya as the new Chief Executive Officer, following the notice of retirement given by the current Managing Director/Chief Executive Officer, Raghunath Mandava, to the Board.

In the notification sent by Airtel Africa to the Nigerian Exchange, Ogunsanya is expected to join the board of Airtel Africa with effect from October 1, 2021.

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Companies

Our First Bank loan is being serviced, reduced by 30% in 2 years – Honeywell Group

The credit facilities accessed from First Bank were granted after due negotiations, with the necessary documentation and in line with regulatory policies and industry standards.

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Billionaire watch: Oba Otudeko’s stakes in Firstbank and Honeywell are worth N10.3 billion

The Honeywell Group has said that its loan with First Bank is being serviced as the conglomerate had reduced the facility by 30% in the last two and half years.

This was disclosed by the Group via a statement issued on Sunday and seen by Nairametrics.

According to the statement, the company and the bank have had a professional business relationship since 1975, which preceded the group’s investment in the bank over a decade later.

According to the Honeywell Group, the credit facilities accessed from First Bank were granted after due negotiations, with the necessary documentation and in line with regulatory policies and industry standards.

The Group further explained that following agreed terms, its facilities are adequately secured with First Bank with collaterals in place at over 170% of forced sales value and 230% at open market value.

It stated, “In 2015, First Bank under the directive of the Central Bank of Nigeria, drew our attention to a 2004 circular (BSD/9/2004) which requires that insider related facilities must not exceed 10% of paid-up share capital.

Based on this directive we subsequently entered negotiations with the bank to agree on an appropriate repayment structure and the final negotiated position was duly approved by the CBN.

In addition to the above, First Bank, on the directive of CBN, requested additional security in the form of FBN Holdings Plc shares held by the Chairman of Honeywell Group, Dr Oba Otudeko citing a 2001 circular. This was duly provided through an authorisation to place a lien on the shares.”

Honeywell Group has continued to meet all its obligations on its facilities with the bank according to agreed terms and has reduced its exposure by nearly 30% in 2.5 years. The facilities were charged at market rate and the bank continues to earn significant interest therefrom.”

What you should know

  • Nairametrics had reported when the Central Bank of Nigeria directed Honeywell to fully repay its obligations to First Bank within 48 hours, warning that failure to do so would cause the CBN to take regulatory measures against the insider borrower and the bank.
  • The Chairman of Honeywell Group, Oba Otudeko, also served as Chairman of FBN Holdings Plc until he was asked by the apex bank to go along with other directors on Thursday.
  • The apex bank had noted in a letter last Wednesday that First Bank had yet to comply with regulatory directives on divesting its interest in Honeywell despite several reminders.
  • Also, the CBN asked First Bank to forward evidence involving the divestment of interest in Honeywell Flour Mills and Bharti Airtel Nigeria Ltd within 90 days.

Download (PDF, 525KB)

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