Tag Archives: Risk management

AMA

For Somalia, Building Climate Resilience is Key to Unlocking Long-Term Growth and Jobs

MaraviPost

Washington, USA, 05 March 2026 -/African Media Agency (AMA)/- A new World Bank Group report finds that cost‑effective and smart development investments, particularly in climate-smart agriculture, resilient cities, disaster risk management, and stronger institutions, could cut projected economic losses for Somalia by half and deliver more stable, productive jobs for its people.

Launched today by the Government of Somalia and the World Bank Group, the Country Climate and Development Report (CCDR) for the Federal Republic of Somalia emphasizes the importance of linking adaptation to employment and productivity, which can enable Somalia to convert resilience investments into job opportunities, advancing its ambition to reach middle‑income status by 2060.

“Our focus is to ensure that climate action directly benefits our communities while building a stronger, more resilient Somalia,” said Bashir Mohamed Jama, Minister of Environment and Climate Change for Somalia. “Our priority is to ensure that climate resilience supports economic stability and opportunity for our people. This report provides valuable analysis to guide coordinated action across sectors and strengthen collaboration with our partners”.

Somalia is among the countries most vulnerable to climate shocks. Without urgent action, climate change could reduce Somalia’s GDP by up to 13.5 percent by 2060, compared to a scenario without climate impacts, undermining growth and employment and exacerbating fragility.

“Building a climate‑resilient Somalia is a shared responsibility. Through coordinated leadership, evidence‑based policy, and strong partnerships, Somalia can turn climate challenges into opportunities for employment and productivity,” said Hideki Matsunaga, World Bank Country Manager for Somalia. “With smart investments, particularly in resilient rural livelihoods, climate‑smart cities, and stronger institutions, Somalia can break the cycle of vulnerability, create jobs, and unlock its development potential.”

Somalia has made important strides in state‑building and macroeconomic stabilization, completing the Heavily Indebted Poor Countries (HIPC) Initiative debt relief process in 2023 and acceding to the East African Community in 2024. However, decades of conflict, weak institutions, recurrent droughts and floods continue to erode livelihoods, displace millions, and strain public services. The report emphasizes that integrating climate and development strategies can reduce vulnerability while supporting private‑sector‑led growth and job creation, shifting from crisis response toward sustained economic opportunity.

Investments in early warning systems, disaster preparedness, water management, and climate‑smart agriculture are not only cost‑effective, but they are also essential for protecting lives, supporting growth, and sustaining jobs and livelihoods in communities affected by conflict and displacement. Analysis shows that higher‑quality growth and targeted climate action can sharply reduce economic losses from climate change compared to a business‑as‑usual scenario.

At the same time, the report notes that while Somalia will continue to rely on external funding in the near term, over the longer term it will need to take stronger leadership in planning, implementing, and financing climate action. Deepening partnerships with the private sector will be essential to translate resilience investments into durable employment and reduce dependence on humanitarian assistance.

Distributed by African Media Agency (AMA) on behalf of Word Bank Group.

Contacts
In Nairobi:
Lydia Gachungi
lgachungi@worldbank.org

In Washington:
Daniella Van Leggelo Padilla
dvanleggelo@worldbank.org

About Country Climate and Development Reports (CCDRs)
The World Bank Group’s Country Climate and Development Reports (CCDRs) are new core diagnostic reports that integrate climate change and development considerations. They will help countries prioritize the most impactful actions that can reduce greenhouse gas (GHG) emissions and boost adaptation, while delivering on broader development goals. CCDRs build on data and rigorous research and identify main pathways to reduce GHG emissions and climate vulnerabilities, including the costs and challenges as well as benefits and opportunities from doing so. The reports suggest concrete, priority actions to support the low-carbon, resilient transition. As public documents, CCDRs aim to inform governments, citizens, the private sector and development partners and enable engagements with the development and climate agenda. CCDRs will feed into other core Bank Group diagnostics, country engagements and operations, and help attract funding and direct financing for high-impact climate action.

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AMA, Health

Intensifying emergency response to Mozambique flooding disaster

MaraviPost

Geneva, Switzerland, 06 February 2026-/African Media Agency(AMA)/- Health authorities in Mozambique have intensified emergency response to assist hundreds of thousands of people devastated by severe flooding in the southern and central regions since mid-December 2025.

The flooding has affected more than 720 000 people, with 75% residing in Gaza Province. Around 100 000 people are being housed in 113 temporary accommodation centres in Gaza, Maputo, Sofala, Manica, Tete and Zambezia provinces, and Maputo City.

The response includes prepositioning essential supplies, with a focus on cholera and other health priorities, coordinating the response at national, provincial and district levels and strengthening active surveillance, prevention and disease control.

As part of preparedness for health emergencies such as these, World Health Organization (WHO) has helped strengthen early warning and risk monitoring systems in Gaza, Tete and Maputo provinces since August 2024. This includes training surveillance officers and distributing 266 tablets—almost two-thirds of these in Gaza Province—for real-time data collection and transmission.

On 23 January 2026, a team of experts from WHO and the health sector of Maputo Province visited three accommodation centres, one in Maputo Province and two in Gaza Province, to conduct a health needs assessment. During the mission, the team interacted with the heads of the centres, managed by the municipality and the National Institute for Disaster Risk Management and Reduction. The findings of the needs assessment will help to fill gaps in the provision of health services at the centres.

“Health services are present in all the accommodation centres visited, which is encouraging. The government and health authorities responded in a timely manner to support the affected population,” says Dr Sheila Nhoni, health emergency officer at WHO Mozambique. Dr Nhoni also stresses the importance of continuous monitoring to ensure the availability of essential medical equipment, uninterrupted primary healthcare services and effective referral systems to reduce preventable illness during the rainy season.

Given the severity of the situation in Gaza, WHO has deployed two rapid responders to strengthen coordination with partners, support health care provision in accommodation centres and monitor epidemiological trends on potential waterborne or vector-borne disease outbreaks.

“Floods do not only displace families, they disrupt access to basic health services. In Boane and other districts Ministry of Health is working side by side with local health teams to ensure that pregnant women, children and the most vulnerable continue to receive care, even in temporary accommodation centres. Health care must continue, even when entire communities are under water,” says Dr Anabela Langa, from Maputo Province Health Sector.

A WHO medical coordinator has also been deployed and integrated into an interagency emergency medical team to strengthen response capacity on the ground, support clinical coordination and ensure the quality and continuity of health care provided to affected populations. Cases that require specialized care are referred to the nearest health unit or referral hospital.

WHO also participates in daily coordination meetings, contributes to the Ministry of Health’s Daily Emergency Response Bulletin and provides ongoing technical guidance to ensure an effective, coherent, and aligned response at all levels.

Distributed by African Media Agency (AMA) on behalf of Word Health Organisation

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AMA, Environment

2030 Water, Sanitation and Climate resilience goals: 5 critical things African Ministers can do now

MaraviPost

NAIROBI, Kenya, 10 December 2025-/African Media Agency(AMA)/-There is a $130 billion annual investment gap hindering the world’s mission to achieve universal access to climate-resilient water and sanitation services by the year 2030, Sanitation and Water for All (SWA) reports. In Africa, the gap is estimated at no less than an additional $30 billion annually.

In October 2025, nearly 50 ministerial level delegates worldwide gathered in Madrid at the 2025 Sector Ministers’ Meeting to discuss ways to better integrate water, sanitation, and climate action goals at a governmental level.

For participating African delegates, this was an opportunity to include African perspectives on the global stage ahead of COP30 and the UN 2026 Water Conference. It was also essential to help establish the globe’s five-pillar guidelines.

5 critical Water, Sanitation, Hygiene and Climate statistics in Africa calling for critical measures

As outlined in the ensuing “High-Level Leaders Compact – the Madrid Commitment to Action” by SWA, these five priorities from an African perspective are as follows:

Political and Institutional Integration

Priority #1: Embed water, sanitation, hygiene, and climate priorities into national adaptation plans, climate commitments, and development strategies.

In 2018, 71% of African countries were in the medium-low to very low categories of Integrated Water Resource Management (IWRM) implementation, according to a report by UNEP. Fast forward to 2024 and UNEP’s “Progress on implementation of Integrated Water Resources Management” report revealed that none of the African sub-regions are on track to achieve the aspirational global SDG 6.5 target of ‘Very High’ (91-100%) IWRM implementation by 2030.

There lies a critical gap in governance due to these stagnations that isolated sector projects cannot fix. It’s time for nations to move beyond fragmented management and operationalize political and institutional integration.

Ministers must work to embed water, sanitation, and hygiene mandates directly into central national adaptation plans and broader development strategies. Governments have the power to secure the political leverage and institutional coherence required to turn these IWRM metrics around, to accelerate progress and reach the SDG targets.

Inclusive, Rights-Based Services

Priority #2: Use data to identify and reach the most vulnerable populations, children, women, Indigenous peoples, persons with disabilities, and displaced communities, while promoting transparency and community participation. 

Despite progress recorded in Sub-Saharan Africa since the 1990s, the latest Joint Monitoring Report from UNICEF and the World Health Organization estimates that 1 in 4 people still lack safely managed drinking water and 2 out of 5 people lack safely managed sanitation.

As women, girls, and children remain the most vulnerable, these stats are concerning for Africa.

The failure to achieve universal access is a clear indication that broad, generalized interventions are not sufficient. To close this gap and prioritize those suffering most, governments must immediately implement inclusive and rights-based services.
 

The only way to move beyond these alarming statistics is to use high-quality, disaggregated data to accurately identify, locate, and track the concerned underserved communities and groups of people. This should ensure that future WASH investments are precisely targeted, transparent, and driven by the needs of the most vulnerable.

Resilient Systems and Risk Management

Priority #3: Incorporate climate and environmental risk assessments into planning, and promote nature-based solutions and ecosystem restoration.

A September 2025 publication by the Sudanese American Physicians Association (SAPA) underlined the direct link between climate change, water scarcity, and displacement on the continent.

The study asserts that 2 million people in East Africa have been displaced due to drought and conflicts, with migration into urban areas straining cities like Nairobi.

In 2024, Earth.org warned that climate change could displace up to 700 million people in Africa by 2030 due to increasing water scarcity and related shocks. With the figure currently standing at 400 million, the High-Level Leaders Compact priority for resilient systems and risk management is legitimately high on the agenda.

To build true resilience against these shocks, leaders must move beyond reactive measures and proactively incorporate climate and environmental risk assessments into all levels of urban planning. Investing in nature-based solutions and ecosystem restoration is essential to stabilizing these vulnerable regions.

The approach is straightforward: Address the root environmental degradation driving these migration crises.

Sustainable and Innovative Financing

Priority #4: Mobilize domestic and international resources through green and blue bonds, results-based financing, and public-private partnerships.

According to the World Bank, public-private partnerships account for only 3 percent of total water sector investment in Africa, with state-owned enterprises and public entities providing the remaining 97 percent of investment. This is far below private participation in other infrastructure sectors, underscoring the need for stronger mechanisms to attract and sustain investment in water.

Unlocking greater resources will require improving incentives for investors, strengthening project pipelines, and deploying targeted de-risking instruments that reduce uncertainty while safeguarding public value. Ensuring coherence with the High-Level Leaders Compact on Water Security and Resilience will further help align public and private action.

With these conditions in place, tools such as green and blue bonds, results-based financing, and well-structured public-private partnerships can more effectively expand financing for water security and sanitation systems.

Political Leadership and Accountability

Priority #5: Ensure that water and sanitation remain at the top of global and national policy agendas, including through mutual accountability frameworks such as those facilitated by Sanitation and Water for All (SWA).

Sub-Saharan Africa loses an estimated 5% of its annual GDP due to poor sanitation, lack of water or its contamination. Highlighting the seriousness of the matter and the responsibility of ministers, a preamble statement from the High-Level Leaders Compact on Water Security & Resilience declares:

“We acknowledge that fragmented policies, weak coordination, and insufficient and inefficient financing continue to challenge progress. Addressing these barriers requires strengthened political leadership, inclusive whole-of-government collaboration, inclusive governance, and more predictable and efficient investments that meet the needs of all people, particularly the most vulnerable.”

In the aftermath of the Madrid Commitment on Water Security, Sanitation & Climate Resilience

As the rest of the world, African ministers have pledged to “collaborate with Sanitation and Water for All partnership to track progress through systematic monitoring, aligned with national systems and global frameworks like SDG 6 indicators, broad multi-stakeholder collaboration, and continual adaptive learning.”

The compact produced at the 2025 Sector Ministers’ Meeting has been endorsed by 29 states, more than half of which are African.

Indeed, Burundi, Eswatini, Ethiopia, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Sierra Leone, Somalia, South Sudan, Tanzania, Ghana, Uganda and The Gambia joined the African Civil Society Network on Water and Sanitation (ANEW), the Ghana Coalition of NGOs in the Water and Sanitation Sector (CONIWAS), UNICEF and 14 other organizations in endorsing and pushing for the implementation of the five global priorities identified in the High-Level Leaders Compact on Water Security & Resilience.

The door remains open for more governments to join this compact and express their serious intention to achieve sanitation and water security as well as resilience which is needed for healthy populations, economic development, and environmental sustainability

Distributed by African Media Agency (AMA) on behalf of Sanitation and Water for All (SWA)

About Sanitation and Water for All (SWA)

For 15 years, the Sanitation and Water for All (SWA) partnership, hosted by UNICEF, has united governments, civil society, private sector actors, and development partners to advance the human rights to water and sanitation for all. With over 500 partners worldwide, SWA drives political commitment, strengthens institutions, and promotes accountability to achieve lasting results.

For more information on the 2025 Sector Ministers’ Meeting (SMM), visit www.sanitationandwaterforall.org/SMM2025.

The post 2030 Water, Sanitation and Climate resilience goals: 5 critical things African Ministers can do now appeared first on African Media Agency.

AMA, Politics

The Gambia: Laying the Foundations for Stable Growth and Jobs

MaraviPost

Washington, USA, 26 November2025-/African Media Agency (AMA)/-The World Bank Group today approved $45 million in grant financing from the International Development Association (IDA) to support the Government of The Gambia’s efforts to enhance domestic revenue mobilization, lay key infrastructure, regulatory and skill foundations for private sector development, and strengthen climate resilience.

“The Gambia is on a good growth trajectory despite the external shocks of recent years, but growth remains fragile due to a combination of structural weaknesses including climate vulnerability. To sustain its growth and improve the living standards of the population, it is essential for The Gambia to pursue and accelerate transformational reforms,” stresses Ephrem Niyongabo, World Bank Economist and Task Team Leader of the project. 

This is the first development policy support operation designed to underpin reforms conducive to inclusive and sustainable growth. The program is based on three pillars. The first pillar seeks to increase government revenue by broadening the tax base and rationalizing tax expenditures. The second pillar seeks to foster private sector-led growth by tackling bottlenecks in key enabling sectors such as energy, telecom and business environment while advancing human capital development, with a focus on expanding opportunities for women and youth. The third pillar aims at strengthening the foundations for The Gambia’s resilience to climate challenges by establishing a robust institutional and legal framework to guide climate action and coastal zone management. 

“This financing will enable The Gambia to carry out reforms to build fiscal space, facilitate the development of key sectors, improve human capital and business environment to enhance participation of the private sector in the economy. The proposed operation provides a critical line to improve access to essential services, enhance women and youth employment opportunities while enhancing environmental sustainability” said Franklin Mutahakana, World Bank Group Resident Representative in The Gambia.

This operation has been designed to meet the authorities’ priorities outlined in the Gambia Recovery-Focused National Development Plan, 2023-2027. The reform program supports the green, resilient, and inclusive development agenda by strengthening the country’s adaptation and resilience to climate change through robust legal and institutional framework for climate governance and climate resilience, ensuring that territorial and sectoral planning integrate climate adaptation and disaster risk management. 

Distributed by African Media Agency (AMA) on behalf of World Bank

The post The Gambia: Laying the Foundations for Stable Growth and Jobs appeared first on African Media Agency.

AMA, Business

Why Majority of Nigerian Traders Lose Money and How to Become a Successful Trader

MaraviPost

LAGOS, Nigeria, 29 August 2025-/African Media Agency (AMA)/-In recent years, more and more Nigerians have turned to trading in financial markets as a way to diversify their income and find new opportunities to earn money. With the growing interest in forex, commodities, indices, and cryptocurrencies, great trading opportunities are attracting both novice investors and experienced market participants.

However, the reality is sobering and contrary to expectations, because statistics show that the majority of traders lose money. This applies not only to beginners, but also to experienced traders who fail to adapt to the constantly changing market conditions. Understanding the reasons for losses and mistakes, such as CFD trading risks, can be the first step to building a sustainable growth strategy. The trader should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing money. To ensure that you fully understand the risks associated with margin trading, you can explore the Risk Disclosure info of such brokers as JustMarkets.

Why most Nigerian traders lose their deposits

1. Frugal trading and lack of discipline

Many traders enter the markets without clear rules, allowing emotions and financial pressure to dictate their decisions. “Frugal trading” is the tendency to trade based on immediate personal financial needs rather than a sound trading framework. This approach often results in forced trades with low risk/reward ratios. When traders feel pressured to “make money today” to cover bills or obligations, discipline becomes secondary, and market noise and volatility begin to seem like a distant opportunity to make money.

2. Not having a trading plan and blindly following signals

A trading plan defines which markets to trade, entry and exit rules, risk per trade, and maximum daily loss limit. Without one, traders act reactively, jumping from one trading framework to another based on social media posts, chat room tips, or unverified advice from other traders. Blindly following these signals without understanding basic analysis and evaluating the signals yourself is one of the fastest ways to lose capital.

3. Lack of knowledge and understanding of market mechanics

The market is influenced by economic data, geopolitical events, interest rate changes, investor sentiment, and liquidity flows. Many traders do not understand how these factors interact. For example, not knowing how a central bank interest rate announcement affects currency volatility can lead to entering positions at the most dangerous times. Without this basic knowledge, traders are essentially gambling rather than engaging in real, thoughtful trading.

4. Overconfidence and lack of clear trading objectives

Success in a few trades often breeds overconfidence, even among experienced traders. Traders increase position sizes without adjusting their strategy, take unnecessary risks, or ignore stop-loss rules. Likewise, the lack of specific daily, weekly, or monthly goals makes it impossible to measure progress or maintain a consistent approach. Over time, the lack of structure undermines discipline and leads to significant drawdowns. Without a clear trading plan, even deep technical knowledge and extensive experience may not be enough for long-term success.

How to try mitigate risks

Despite all the dynamism and unpredictability of the financial markets, a small percentage of traders consistently grow their accounts. They treat trading as a business, not as a hobby or a quick-money machine. These traders are distinguished by careful risk management, constant learning, and the ability to adapt.

But two components that are indispensable on the path to long-term success are iron discipline and patience:

Iron discipline

In trading, discipline means sticking to your plan regardless of ups and downs, losses, market conditions, and personal life. It involves strictly adhering to predetermined entry, exit, and position sizing rules. For example, if your plan states that you only risk 1% of your deposit per trade, you stick to this rule even after a series of profitable trades tempts you to “step on the gas.”

Iron discipline protects traders from impulsive decisions dictated by fear or greed. This includes:

  • Adhering to stop-loss levels. Experienced traders never move their stop-loss levels too far to avoid taking an excessive loss.
  • Avoiding revenge trading. Resisting the urge to jump in after a loss to “cash back” when the necessary setup is not available.
  • Following a schedule. Only trade during certain hours and in markets where your strategy has the highest probability of success.

In practice, disciplined traders often make fewer trades than their undisciplined counterparts, but their trades are of higher quality and better aligned with their system. Over time, discipline develops into consistency, and consistency leads to profitability.

Patience

Patience in trading means waiting for the right situation, rather than forcing a trade because “the market is moving.” It also means allowing trades to close out according to analysis, rather than closing them prematurely out of fear or excitement.

Successful traders understand that sometimes it is better not to trade. They wait for conditions that match the criteria of their strategy rather than chasing every price move. This patience extends to the big picture, knowing that significant account growth is the result of hundreds of well-executed trades over months and years, not days.

Patience is also essential in the learning process. Mastering a trading strategy, understanding market behavior, and refining a psychological approach takes time. Those who rush to “get it done” without putting in the necessary hours of practice almost always make a critical mistake.

The Path Forward for the Nigerian Trader

Trading offers Nigerians a way to diversify their income beyond a traditional job or small business. The potential rewards are real, but so are the risks.

To move from a losing majority to a winning minority, traders need to:

  • Develop and follow a structured trading plan.
  • Invest time in learning market fundamentals and technical analysis from reliable education materials of such brokers as JustMarkets.
  • Keep your risk per trade small and consistent.
  • Avoid making emotional decisions under financial pressure.
  • Focus on developing iron discipline and patience as daily habits.

In financial markets, capital preservation is the foundation of growth. Those who protect their account balance through disciplined risk management have the time and opportunity to let profitable setups work to their advantage.

Successful traders do not chase every price move. They are the people who have the discipline and patience to enter the market when their strategy will bring the most benefit, and those who step aside when conditions are unclear.

Distributed by African Media Agency (AMA) on behalf of JustMarkets

About JustMarkets:

JustMarkets is a globally recognized multi-asset broker providing reliable and transparent trading services since 2012. The company has earned over 60 industry awards, highlighting its excellence in the financial sector. JustMarkets offers a diverse array of trading instruments, including forex, stocks, commodities, indices, metals, energies, and cryptocurrencies, serving clients in over 160 countries.

The company is renowned for its competitive pricing, featuring low spreads and zero commissions. JustMarkets caters to both new and experienced traders by providing a wide range of services designed to enhance their trading experience.

Media Contact:

Samuel Apkan

samuel.akpan@justmarkets.com

The post Why Majority of Nigerian Traders Lose Money and How to Become a Successful Trader appeared first on African Media Agency.

AMA, Business, Technology

JustMarkets Trading App: One of the Fastest Growing Trading Apps in Nigeria

MaraviPost

CITY, Country, 22 August 2025-/African Media Agency (AMA)/- Interest in trading in financial markets is growing at an unprecedented rate in Nigeria. As more Nigerians seek to diversify their income sources, trading across a wide range of financial markets is becoming an increasingly attractive way to earn money with ample opportunities. One of the most popular trading apps is the JustMarkets Trading app – a mobile solution that combines speed, flexibility, and professional tools within one convenient interface.

Our Take on JustMarkets

JustMarkets is a world-renowned multi-asset broker with over 12 years of industry experience, operating in over 160 countries. The company has won over 50 international awards, including Best Trading Conditions at Money Expo Abu Dhabi 2025, and Best IB/Affiliate Programme 2025. In Nigeria, the JustMarkets Trading app has quickly gained popularity among beginner and professional traders alike due to its powerful functionality, low trading costs, and fast order execution speed.

Benefits of the JustMarkets Trading app

  • Instant withdrawals without delays from JustMarkets
  • Flexible leverage of up to 1:3000 – one of the highest in the industry
  • Ultra-fast order execution, up to 20% faster than many competitors
  • Low and stable spreads on top instruments
  • Over 260 trading assets, including currencies, indices, commodities, and stocks
  • Swap-free trading for all account types
  • Different account types for different trading strategies
  • Fast and secure transactions with a wide range of payment methods
  • 24/7 multilingual customer support

Latest App Improvements

The latest update for iOS and Android focuses on improving usability, speed, and analysis tools:

  • Accounts screen: Instantly switch between multiple accounts for seamless multitasking
  • Trade screen: Expanded workspace to track more instruments at once, with faster navigation to focus on specific assets
  • Symbols screen: Larger price display for better analysis on smaller mobile screens, improving visibility of indicators and chart patterns

These improvements are especially valuable for traders in Nigeria, where mobile trading is the primary way to access financial markets and analyze trading instruments.

Unique trading conditions

  • Ultra-fast execution and tight spreads

The app’s execution speed and consistently tight spreads, better than 90% of competitors on most instruments, allow traders to take advantage of market opportunities without worrying about slippage or high commissions

  • Flexible leverage 

With leverage of up to 1:3000, Nigerian traders can manage larger positions with a smaller capital investment. This flexibility is ideal for experienced traders who know how to combine leverage with disciplined risk management

Various trading asset coverage

The JustMarkets Trading app offers:

  • Forex: Majors, minors, and exotics, including cross-access to USD/NGN through supported accounts
  • Indices: S&P 500, Dow Jones, NASDAQ, and more
  • Commodities: Gold, Silver, WTI, Brent, and Natural Gas
  • Stocks: Apple, Amazon, Nvidia, Google, and more

Account Types for Every Trader

  • Standard: Entry from $10, spreads from 0.3, leverage up to 1:3000
  • Pro: Minimum deposit from $100, spreads from 0.1, zero commission
  • Raw Spread: spreads from 0.0, commission of $3 per lot – ideal for scalping and high-frequency strategies

Global recognition and regulatory trust JustMarkets is licensed by:

  • FSA Seychelles
  • Cyprus CySEC
  • FSCA South Africa
  • FSC Mauritius

This ensures compliance, segregation of funds, and transparency for Nigerian clients.

Who is the JustMarkets Trading app for?

With a low entry threshold, swap-free conditions, and a variety of account types, the JustMarkets trading app is equally suitable for:

  • Beginners looking for an easy-to-use platform with a wide range of educational and analytical resources
  • Active traders who value fast order execution, low spreads, and flexible leverage
  • Investors are diversifying their investments into global stocks, indices, and commodities

Final verdict on JustMarkets Trading app

The JustMarkets trading app offers Nigerian traders a professional platform optimized for mobile access to financial markets from anywhere in the world. Fast withdrawals, super-fast order execution, competitive spreads, and access to over 260 instruments make it one of the fastest-growing forex apps in Nigeria. Coupled with the latest usability updates and various top licenses and educational programs, the JustMarkets Trading app is poised to become the top choice for those serious about trading the financial markets in 2025.

Distributed by African Media Agency (AMA) on behalf of JustMarkets

About JustMarkets:

JustMarkets is a globally recognized multi-asset broker providing reliable and transparent trading services since 2012. The company has earned over 60 industry awards, highlighting its excellence in the financial sector. JustMarkets offers a diverse array of trading instruments, including forex, stocks, commodities, indices, metals, energies, and cryptocurrencies, serving clients in over 160 countries.

The company is renowned for its competitive pricing, featuring low spreads and zero commissions. JustMarkets caters to both new and experienced traders by providing a wide range of services designed to enhance their trading experience.

Media Contact:

Samuel Apkan

samuel.akpan@justmarkets.com

The post JustMarkets Trading App: One of the Fastest Growing Trading Apps in Nigeria appeared first on African Media Agency.

AMA, Technology

Nigeria’s Food Concepts Plc transforms employee experience with SAP SuccessFactors

Maravi Post Reporter

LAGOS, Nigeria, 6 May 2025-/African Media Agency(AMA)/- A leading Nigerian FMCG company has chosen SAP SuccessFactors to transform its human capital management capabilities across its West African operations.

Kofi Abunu, Managing Director at Food Concepts Plc (FC), says: “Our company was founded with the vision of becoming the most loved quick-service restaurant and baked goods brand in Nigeria. We know that ultimately it is our people that enable us to realise this vision. To ensure we continue to attract and retain the best local talent, we embarked on a strategic technology project that would support our overall human capital management and employee experience efforts.”

Food Concepts Plc is a leading multi-brand quick-service restaurant group. The company operates three of Nigeria’s most popular brands, including Chicken Republic, PieXpress, and The Chop Box. Food Concepts was founded in 2000 and employs 6 000 people across West Africa.

With a mandate from the Board, Claudette Russel, Human Resource Director at Food Concepts, and her team determined that the company needed a strategic partner to support its HR transformation. “We sought a partner that would support the management of our ‘Hire to Retire’ process and optimise our core enterprise capabilities. In addition, we wanted to address challenges related to payroll processing and accuracy as part of a broader five-year growth plan.”

The company chose SAP SuccessFactors as its human capital management solution of choice. Following a competitive selection process that involved five separate solutions providers, the Food Concepts executive team appointed experienced SAP regional Gold partner WYZE to support the implementation, covering all core HR business processes.

Olu Familusi, Technology Partner at WYZE, says: “We implemented several core SAP SuccessFactors modules, including Employee Central, Performance & Goals, and Recruiting. Additionally, our bespoke payroll solution – WYZE Payroll – was deployed to support the employee lifecycle journey.”

Following the deployment of the modules, WYZE also retains responsibility for ongoing end-user support across all the user groups within Food Concepts.

“WYZE is an experienced SAP partner based in Nigeria and understands the local work culture and nuances required to manage such a complex rollout,” says Kofi. “As our technology partner, WYZE brought best practices that helped fast-track aspects of our deployment, leading to an accelerated go-live. In addition, WYZE ensured change management and risk management principles were filmy embedded throughout the implementation, leading to rapid adoption internally and avoiding any undue delays.”

Claudette further added the implementation of various SAP SuccessFactors modules has helped the company improve process efficiency and enhance the overall employee experience. “We now have a single source of truth for all HR data across the organisation, which has significantly improved our decision-making at a management level. The digitisation of HR processes has reduced paper use and unlocked cost savings and greater efficiency. Overall, our ability to deliver better quality support services to our teams has resulted in greater overall employee satisfaction.”

Other benefits include:

  • Centralised employee data management providing a unified platform for HR, payroll and benefits administration.
  • Drastic reduction in paperwork and less pressure on HR teams through greater employee self-service via the new platform.
  • Greater overall process efficiency through the automation of various HR functions, including promotions, transfers and leave management.
  • Better strategic alignment of employee performance with company strategy and KPIs through continuous performance management.
  • Improved workforce planning and compliance with HR standards through access to real-time data.
  • Enhanced talent attraction, retention and overall employee engagement.

Commenting on the project, Shiraz Khota, Managing Director for Emerging Africa at SAP, says: “With this landmark project, Food Concepts has transformed its ability to attract, retain and engage its employees while also eliminating inefficiencies and enhancing decision-making. Thanks to the outstanding work by implementation partner WYZE and the active participation of Food Concepts’ executive team, the company can now confidently execute its growth strategy and that its most precious asset, its people, are well looked after.”

Distributed by African Media Agency (AMA) on behalf of SAP Africa.

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Source : African Media Agency (AMA)

Technology

Learning To Manage Risks Before Taking Up A Broker’s Job Full Time

MaraviPost

Risk management within any trade market could very well be the difference between crashing and burning from the start, and making a decent profit from your endeavours. Whether you’re trading assets, or you’re delving into the world of Forex, there are plenty of risks that need to be taken into account before you get started. However, knowing the risks isn’t always enough. While this can help you avoid them to an extent, risk management is a much-needed skill you need to learn. Here, we’re exploring just how you can learn to manage risks before you take up a full time trading career!

Why Is Risk Management Important?

Before you can truly understand how to manage the risks, you should probably first understand why risk management is so important. When it comes to trading, knowing that risks exist isn’t always enough to make you stop and think things through, but with the right risk management strategies in place, you could very well be saved from some less-than-pleasant losses.

Risk management is called “one of the most key concepts to surviving” when it comes to trading. The term itself is on that most traders will hear and repeat over and over again, but how many truly know how to apply their textbook techniques? As a result, new traders come into the industry and see long-time traders taking huge risks with little management and will often do the same but this can actually damage the market. The higher the volume of traders taking big risks, the bigger those risks are going to need to be to make up for it. This can make a market volatile, and much more difficult to get into.

Market’s aside, good risk management will help protect the trader from losses that they can’t truly afford to have. With good risk management, you can protect your money, your assets, and live to trade another day!

How To Manage Risks

Now you know that you should practice good risk management, you may be wondering just how to go about actually doing it. Through careful planning, the right level of experience, a deeper understanding of how things work and plenty of industry support you could be well on your way to good risk management. Let’s take a deeper look:

planning these points and sticking to them, you can prevent excessive loss, and ensure that you keep a profit.

  • Deeper Understanding

As much as first-hand experience will give you a natural ability to manage risks, you can learn a certain amount before you even begin to trade. Research, read and learn how the industry works as best you can prior to ever making your first trade, or opt to practice on smaller markets with smaller amounts while you gain a true understanding of what trading entails and how it can be used as your full-time job.

  • First Hand Experience

While first-hand experience isn’t something that every trader can have, especially when just joining the industry, it is something that will help you gain a natural ability to predict and manage risks. You’ll learn your industry and your markets, picking up on patterns and developing a trading style that works for you. This truly is a matter of riding out rougher waves, however while you learn your market, simply avoid trading more than you can afford to lose.

  • Planning

Planning is the key to not only managing risks, but avoiding them completely. Blindly trading, even if you partner up with proclaimed experts for 4 years in a row, is unlikely to win you profit, and certainly not in the long term, so it’s important to plan carefully as far in advance as possible. Stop-Loss (the point at which a trader will sell a stock and take a loss) and Take-Profit (the point at which a trader will sell a stock and take a profit) points are key terms in trading, and most traders will use these as guidelines for their own trades. Over time, you’ll quickly learn what price you’re willing to sell at, and what you’re willing to pay, and S/L and T/P points will help you determine when to sell and when to pay. By

  • Industry Support

Industry support is not only important, but it’s also one of the best sources you have. When you lack the support of those in your industry, it can be a blow to your morale and when you lack motivation, your career will undoubtedly fail. For that reason it is important to turn back to basic industry’s know-how, and Kubwalo-Chaika put it well in her words: ‘leadership that uses tried and tested skills such as networking, environmental sensing, customer retention and sales as well as risk management at the forefront of their organisations will carry the day’.

Trading is a tough industry to be in, and it takes a mixture of skill and passion to stick with it through the tougher times. Markets can be volatile, and when they start to drop in value or crash, having the support of the industry can be a great way to pick yourself back up, ready to ride out the next positive wave.

If you’re looking to follow a career in trading, managing the risks associated with it will help you stay afloat. Volatile markets, difficult trades and unfortunate losses can be difficult to navigate, but luckily there are plenty of ways to manage the risks associated to continue making a profit, and hopefully our tips can help you get started.