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How Tracee Ellis Ross Filled a Gap in the Beauty Market With Pattern

How Tracee Ellis Ross Filled a Gap in the Beauty Market With Pattern

As an entrepreneur, Tracee Ellis Ross would seem to have some clear advantages: She’s an award-winning actor, producer, and activist–and the daughter of Diana Ross. Yet her first steps into starting her own business brought her the same frustration and rage that so many founders–especially female founders–know all too well. A few years ago, Ross brought the idea for Pattern, a hair care line for curly, coily, and tight-textured hair, to her contact at her talent agency. “She made me cry,” recalls Ross. “She was like, ‘Why would anyone want hair products from you? You’re an actor.’ ” Like many entrepreneurs, Ross was motivated by her own experience: She knew, from years of trying to mold her hair to society’s idea of beauty–and damaging it in the process–that her product didn’t exist yet. And she knew she wasn’t the only one who needed something better.

“I look at the market and know where the actual gaps in the industry are,” says Ross. “If you want to do almost the same thing as another company, figure out what would make you unique. How do you differentiate yourself?” Ross had been picking and choosing various products from multiple brands, trying to find what combined best for her particular hair pattern. But she never felt those products worked together well. With Pattern, she would aim to provide everything in one line.

Pattern, which is sold at Ulta Beauty across the U.S., is for anyone with coily, tight-textured hair. But Ross is clear that her company is centered on a celebration of Black beauty, which she believes is all too rare. “If our hair could talk, it would tell you of our legacies,” she says, “all those ways our identity pushed through spaces where it wasn’t meant to be, but is nonetheless.”

As for

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Nigeria: Financial Inclusion – CBN Plans to Eliminate Gender Gap By 2024

Nigeria: Financial Inclusion – CBN Plans to Eliminate Gender Gap By 2024

The Central Bank of Nigeria, CBN, said it will eliminate gender gap in financial inclusion by 2024 using its latest released framework for advancing women’s financial inclusion in Nigeria.

The framework, according to the apex bank, builds on the revised targets of the 2018 National Financial Inclusion Strategy, which aims at reducing the financially excluded adult population to 20 percent by the end of this year.

But the apex bank has said that the achievement of the goal was disrupted by the emergence of the Corona Virus Pandemic.

According to Enhancing Financial Innovation and Access (EFiNA) 2018 survey report, the gender gap in financial access is present across regions, income groups and age groups, indicating that there are systemic obstacles to women’s financial inclusion in Nigeria and women are still more likely than men to rely exclusively on informal financial services.

It stated: “While women in the North West and North East are most likely to be excluded, the highest relative gender gap is in the South West (23 percent for women and 14 percent for men).”

The apex bank cited Demand-related barrier, supply related barrier, legal regulatory/supervisory barrier and financial and technical infrastructure barrier as key barriers to women financial inclusion in the country.

It however noted that the framework has set up eight strategies to enable the attainment of an equal gender financial inclusion by 2024.

The CBN said: “The strategic imperatives are consistent with the priorities identified and adopted in the 2018 National Financial Inclusion Strategy, in addition, they take into account the December 2019 Assessment of Women’s Financial Inclusion in Nigeria.

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Nigeria: Abu – Adequate Telecoms Towers Will Bridge Infrastructure Gap

Nigeria: Abu – Adequate Telecoms Towers Will Bridge Infrastructure Gap

The Chief Executive Officer of Pan African Towers Limited, an indigenous infrastructure company, Mr. Wole Abu, speaks about the need for government to support additional deployment of telecoms masts and towers, to bridge Nigeria’s infrastructure gap and enhance access to telecoms services in underserved communities. Excerpts:

What’s your general assessment of the infrastructure segment of the African telecoms market, where you currently operate?

The infrastructure segment of the African telecoms market has actually seen a lot of growth since the entrance of major players at the global level into Africa around 2012. From then, infrastructure and tower deals have grown year on year. Also, it is beginning to see cloud and fibre deployment at an increasing rate in Africa. So, infrastructure for telecommunication is growing and this is being driven by demand. In terms of adequacy, off course, there is still a demand-supply gap. Infrastructure is still not adequate. We still have a huge gap in that space. In Nigeria, filling the gap will demand an estimated investment worth $136 billion, according to the Ministry of Communication and Digital Economy, and the Nigerian Communications Commission (NCC) .

Over the years, and even before the coming of Pan-African Towers, deploying infrastructure has been faced with some bottlenecks. What are those challenges you have identified since you commenced operation?

Truly, many challenges are bedeviling the sector. There are social challenges like theft, vandalism, community issues and so on. And also, there are the business environment issues like multiple taxation, unfavourable or harsh government policies, forex scarcity and lack of long-term capital for investment in infrastructure in local currency. All these are the issues. Then of course, you also look at failure in power supply. Availability of power is important since all telecoms infrastructure, which are distributed across the country, rely on

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CBN plans to eliminate gender gap by 2024 –

CBN plans to eliminate gender gap by 2024 –

CBN
CBN

By Elizabeth Adegbesan

The Central Bank of Nigeria, CBN, said it will eliminate gender gap in financial inclusion by 2024 using its latest released framework for advancing women’s financial inclusion in Nigeria.

The framework, according to the apex bank, builds on the revised targets of the 2018 National Financial Inclusion Strategy, which aims at reducing the financially excluded adult population to 20 percent by the end of this year.

But the apex bank has said that the achievement of the goal was disrupted by the emergence of the Corona Virus Pandemic.

According to Enhancing Financial Innovation and Access (EFiNA) 2018 survey report, the gender gap in financial access is present across regions, income groups and age groups, indicating that there are systemic obstacles to women’s financial inclusion in Nigeria and women are still more likely than men to rely exclusively on informal financial services.

It stated: “While women in the North West and North East are most likely to be excluded, the highest relative gender gap is in the South West (23 percent for women and 14 percent for men).”

The apex bank cited Demand-related barrier, supply related barrier, legal regulatory/supervisory barrier and financial and technical infrastructure barrier as key barriers to women financial inclusion in the country.

It however noted that the framework has set up eight strategies to enable the attainment of an equal gender financial inclusion by 2024.

The CBN said: “The strategic imperatives are consistent with the priorities identified and adopted in the 2018 National Financial Inclusion Strategy, in addition, they take into account the December 2019 Assessment of Women’s Financial Inclusion in Nigeria.

“The Strategic imperatives are to implement a set of measures to support account opening by women on a large scale and in short term; Expand financial and digital literacy programs for

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Abu: Adequate Telecoms Towers Will Bridge Infrastructure Gap

Abu: Adequate Telecoms Towers Will Bridge Infrastructure Gap

Chief Executive Officer of Pan African Towers Limited, Mr. Wole Abu

The Chief Executive Officer of Pan African Towers Limited, an indigenous infrastructure company, Mr. Wole Abu, speaks about the need for government to support additional deployment of telecoms masts and towers, to bridge Nigeria’s infrastructure gap and enhance access to telecoms services in underserved communities. Emma Okonji presents the excerpts:

What’s your general assessment of the infrastructure segment of the African telecoms market, where you currently operate?

The infrastructure segment of the African telecoms market has actually seen a lot of growth since the entrance of major players at the global level into Africa around 2012. From then, infrastructure and tower deals have grown year on year. Also, it is beginning to see cloud and fibre deployment at an increasing rate in Africa. So, infrastructure for telecommunication is growing and this is being driven by demand. In terms of adequacy, off course, there is still a demand-supply gap. Infrastructure is still not adequate. We still have a huge gap in that space. In Nigeria, filling the gap will demand an estimated investment worth $136 billion, according to the Ministry of Communication and Digital Economy, and the Nigerian Communications Commission (NCC) .

Over the years, and even before the coming of Pan-African Towers, deploying infrastructure has been faced with some bottlenecks. What are those challenges you have identified since you commenced operation?

Truly, many challenges are bedeviling the sector. There are social challenges like theft, vandalism, community issues and so on. And also, there are the business environment issues like multiple taxation, unfavourable or harsh government policies, forex scarcity and lack of long-term capital for investment in infrastructure in local currency. All these are the issues. Then of course, you also look at failure in power supply. Availability of power

Read the rest