Nigeria: NDPC signs MoU with Mastercard to consolidate data protection capacity
The Nigeria Data Protection Commission (NDPC) has signed a Memorandum of Understanding (MoU) with Mastercard to consolidate data protection capacity in Nigeria.
The MoU was signed by the two organisations at a one-day workshop organised for 150 Data Protection Officers (DPO) on providing hands-on practical training on Data Protection Impact Assessment (DPIA).
Under the Nigeria Data Protection Act (NDPA), Section 28, DPIA is defined as a process designed to identify the risks and impacts of the envisaged processing of personal data.
The DPIA comprised of a systemic description of an envisaged processing and its purpose, the assessment of the risks to the rights and freedom of data subjects, among other requirements.
Dr Vincent Olatunji, National Commissioner, NDPC, in his remarks said that the workshop was scheduled for the 8th edition of the Network of African Data Protection Authorities (NADPA) conference scheduled for this week.
Olatjnji also said that the federal government was committed to increasing the number of certified DPOs with the required skills to manage data protection.
He noted that the capacity building would be beneficial to both Nigeria and Mastercard, adding that the country had tech-savvy youths who were digital natives ready to explore.
'Human capital is really key to us and the ecosystem we are regulating is very special, it is still new, still emerging and we need all we can to build the capacity of officers.
'We want to build the capacity of our people so we can be able to deliver on our mandate and fully deepen privacy in Nigeria.
'We are targeting to build the capacity of 250,000 DPOs annually and we are working with partners like Mastercard to achieve that,' he said.
He urged the participants to leverage the opportunity, adding that the ecosystem was evolving.
The commission, early in the year, started the training of 500 DPOs to bridge the gap in deficit.
Mr Derek Ho, Deputy Chief Privacy Officer, AI and Data Responsibility, Mastercard, said that sharing ideas would ensure trust in the digital economy era.
Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
6 hours ago
- Zawya
'Design Your Future' campaign hosts guidance workshop
Manama: The 'Design Your Future' campaign held an interactive workshop titled 'Plan Your Future' as part of its ongoing mission to empower youth, supported by Mastercard as a knowledge partner, and EPIX Cinema as a venue partner. The workshop, which welcomed More than 40 attendees, aimed at helping high school students and their parents make informed academic decisions for life beyond school. Led by certified coach and personal development mentor Ms. Nabeela Al Qaseer, the workshop provided attendees with practical tools and insights to explore academic disciplines that align with their individual strengths and interests. Speaking about the importance of academic planning, Ms. Al Qaseer stated: 'Choosing the right academic path is a pivotal step in a student's life. Self-awareness of one's abilities and passions plays a crucial role in making confident, future-proof decisions. This session was designed to foster open dialogue between students and their families, guiding them to take decisive steps toward a promising future.' Zahraa Taher, Chairperson of the Advisory Committee emphasized the value of such events in strengthening family-student connections, saying: 'Empowering youth begins with meaningful conversations at home. Providing practical, realistic content helps parents support their children more effectively. This workshop is a prime example of how simple initiatives can lead to transformative outcomes.' The session specifically targeted final-year students and their guardians, delivering interactive content focused on key university selection criteria, future educational and career opportunities, and alignment with labor market needs. This workshop is part of the second edition of the Design Your Future campaign that features a range of exciting programmers and events, including the DYF Business Quiz Show, the DYF Podcast, a host of high-level workshops, and the Skills Hunt event, fostering teamwork, skill-building, and professional growth. The campaign is supported by Mastercard as a knowledge partner, and EPIX Cinema as a venue partner, in collaboration with members of the Advisory Committee, including representatives from the Higher Education Council, INJAZ Bahrain, Tamkeen, Lamea Association, and certified professionals in career development and skills training. This collective effort contributes to the overall impact and quality of the campaign, helping participants align their aspirations with the evolving requirements of the labour market. For more information, please contact: info@
Zawya
11 hours ago
- Zawya
Egypt assumes vice presidency of the International Gas Union, paving the way for 2028 presidency
Mohamed Fouad: The Egyptian Gas & Energy Association has launched an advisory council comprising senior leaders from both public and private sectors and international partners. Karim Shaaban: We aim to enhance internal integration among the IGU's committees to ensure its initiatives align with member states' priorities. Cairo — For the first time ever, Egypt has officially assumed the position of Vice President of the International Gas Union (IGU) through the Egyptian Gas & Energy Association. This step paves the way for Egypt's upcoming presidency of the next triennium (2028-2031). This role reflects increasing international confidence in Egypt's capabilities to effectively contribute to shaping the future of global energy, marking it as the first country from Africa and the Middle East to hold this prestigious position. Eng. Khaled AbuBakr, Chairman of the Egyptian Gas & Energy Association (EGEA), has taken up the role of IGU Vice President. In this capacity, he participates in all meetings and activities of the IGU and the Executive Committee. He also represents the IGU in the ongoing gas debates, such as the G7, G20, and UN Climate Change Conferences, in addition to the major international conferences, to advance its strategic vision and enhance its global influence. Eng. Mohamed Fouad, Secretary General of EGEA, serves as the Egyptian Presidency Team Director for the IGU, in addition to his role as Chair of the National Organization Committee for the 2031 World Gas Conference (WGC), which is to be held in Egypt. Meanwhile, Eng. Karim Shaaban, Head of the Strategy and Planning Committee of EGEA, holds the position of Vice Chair of the Coordination Committee and a member of the Executive Committee of the IGU. His responsibilities include overseeing the work of the IGU's committees and contributing to the preparation and submission of the Triennial Work Programme (TWP) to the Executive Committee. In this context, Eng. Khaled AbuBakr, Vice President of the IGU and Chairman of EGEA, stated: 'From Egypt and Africa, we embark to power the whole world with secure and clean energy. This leadership role represents a significant step through which we intend to enhance energy security by developing gas policies and infrastructure, improving the Gas industry's resilience to price volatility, providing necessary investments, and accelerating the transition towards more sustainable energy sources. We are fully committed to coordinating with the Italian Presidency of the IGU to ensure the Union's objectives are achieved during this phase.' Abubakr added: 'Through this position, we aim to transform the Egyptian experience into an international model to be emulated. This role enables Egypt to strengthen international cooperation and attract investment, supporting its pursuit of sustainable development and solidifying its role as a regional energy hub. We deeply appreciate the Egyptian government's support in securing this nomination.' Eng. Mohamed Fouad, Secretary General of the Egyptian Gas & Energy Association (EGEA), also outlined the Association's expanded strategy, which extends beyond natural gas to include low-carbon technologies and renewable energy. This expansion stems from the EGEA's strong belief in the importance of a balanced and inclusive energy transition. Fouad added, "The Association has launched its new Advisory Board, comprising a distinguished group of senior leaders from both the public and private sectors, as well as international partners operating in Egypt's energy and gas sector. The private sector will provide deep insights into market trends and investment opportunities, while the public sector will ensure initiatives align with regulatory policies." For his part, Eng. Karim Shaaban, Vice Chair of the Coordination Committee and member of the Executive Committee of the IGU, and Head of the Strategy and Planning Committee of EGEA, stated: "Through this committee, we aim to enhance internal integration among the IGU's committees and working groups, ensuring its initiatives align with member states' priorities. We also contribute to preparing the program for the 2028 World Gas Conference and collaborate with the leadership of the R&D and Innovation Committee to formulate sessions for the International Gas Research Conference (IGRC). These efforts contribute to elevating the Union's standing in the global gas industry." As a result of winning the presidency of the International Gas Union (IGU) for the 2028-2031 term, Egypt is set to host the 31st edition of the World Gas Conference (WGC) in 2031, marking the IGU's centenary anniversary. This event stands as the global gas and energy industry's most significant gathering, convening top experts and decision-makers to delve into the sector's primary challenges and opportunities. Hosting the WGC will underscore Egypt's leadership in energy transition and technological innovation, along with its initiatives to establish a regional green energy hub, ultimately bolstering its standing as a prime destination for investment and tourism.
Zawya
15 hours ago
- Zawya
CI Capital successfully concludes EGP 665.5mln securitized bond issuance for Aman Consumer Finance
Cairo: CI Capital ( the leading diversified financial services group, announced today the successful conclusion of the third securitized bond issuance on behalf of Aman Securitization, with the originator being Aman Consumer Finance. The issuance comes in 3 tranches: the first valued at EGP 307 Mn, with a tenor of 6 months, The second tranche, valued at EGP 222 Mn, with a tenor of 12 months. Both tranches received a Prime 1 rating from Middle East Ratings and Investor Services (MERIS). The third tranche, valued at EGP 136.5 Mn, with a tenor of 23 months, received a rating of A-. "This issuance, marking the Seventh issuance concluded by CI Capital for Aman Holding, a portfolio company of Raya Holding, reflects CI Capital's series of successes by executing numerous key transactions, further reinforcing our leading position as Egypt's leading advisory house. This issuance also affirms our ability to provide our clients with diverse and innovative investment solutions,' Commented Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital. 'CI Capital has effectively concluded seven securitized bond issuances for Aman since 2023, strongly indicating the solid partnership between the two companies. He expressed his aspiration to enhance strategic cooperation between the two companies further, considering Aman one of CI Capital's most significant partners,' Added Helal. In the same context, Eng. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at AMAN Holding, added: 'The success of this issuance reflects the strong confidence that investors place in AMAN Holding and in the Egyptian market overall. Since the launch of our securitization program, we have successfully completed issuances totaling nearly EGP 9.7 billion to date, which stands as a testament to our commitment to sustainable growth and to contributing to the development of Egypt's non-banking financial sector. We are proud to collaborate with all stakeholders involved in AMAN Securitization's various issuances, and we remain committed throughout 2025 to implementing our strategy of diversifying funding sources and enhancing financial transparency—supporting market stability and aligning with the aspirations of the national economy.' Mohamed Abbas, Head of DCM at CI Capital, expressed his pleasure for the successful conclusion of the issuance in partnership with Aman, noting that Aman is one of CI Capital's key success partners. He also emphasized his pride in the enduring relationships with Aman, having executed issuances with innovative structures and solutions. Finally, Abbas highlighted the substantial investor interest in the issuance, reflecting strong market confidence in both CI Capital and Aman's portfolio performance. CI Capital acted as financial adviser, issuance manager, and arranger in the issuance, while Zaki Hashem & Partners acted as the legal advisor, and United for Auditing, Tax, Advisory & Financial Services (UHY) acted as the issuance's financial auditor. About CI Capital Holding for Financial Investments CI Capital Holding for Financial Investments (Ticker: CICH EY, is a diversified financial services group and Egypt's leading provider of leasing, microfinance, mortgage finance, consumer finance, and investment banking products and services. Through its headquarters in Cairo, and presence in New York and Dubai, CI Capital Holding for Financial Investments offers a wide range of financial solutions, to a diversified client base that includes global and regional institutions and family offices, large corporates, SMEs, and high-net-worth and individual investors. CI Capital Holding for Financial Investments leverages its full-fledged investment banking platform to provide market-leading capital raising and M&A advisory, asset management, securities brokerage, custody, and research. Through its subsidiary, Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. Additionally, CI Capital Holding for Financial Investments offers microfinance lending through Egypt's first licensed MFI, Reefy. The Group has over 4,000 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets, and a deep understanding of local market dynamics. Banque Misr, one of Egypt and Africa's most renowned financial banks, is the majority shareholder of CI Capital Holding. For more information, please contact CI's Investor Relations Department Email:
