Sarasota, Florida--(Newsfile Corp. - October 7, 2024) - HammerPay USA Ltd., (OTC Pink: HMMR) a wholly-owned subsidiary of Hammer Fiber Optics Holdings Corp., has established HammerPay African Ventures Ltd., a new subsidiary focused on delivering the innovative mobile banking and virtual wallet solutions of HammerPay to customers across Africa. The company is excited to announce the appointment of Vaanii Baker as Chairman of this new venture. In the coming days, Mr. Baker will finalize appointments to the Board of Directors for HammerPay African Ventures, who will oversee the company's initiatives throughout the continent.
With over 12 years of experience in operational and managerial roles at the World Bank Group, Vaanii Baker brings a wealth of expertise in strategic leadership, financial analysis, and project management. His extensive background includes managing complex programs and leading impactful initiatives across both government and private sectors.
"I have tracked HammerPay for several years and am excited to bring my experience from the World Bank Group to help promote financial inclusion," Baker added. "The unbanked adult population in Africa, estimated to exceed 400 million, represents not just a challenge but a remarkable opportunity for innovation and inclusion. I'm confident that our platform can empower communities, unlock financial access for millions, transform lives, and drive sustainable economic growth across the continent."
Michael Cothill, Executive Chairman of parent company HMMR, commented, "Vaanii Baker's appointment as Chairman of our new initiative highlights our commitment to bringing exceptional leadership to HammerPay. His deep understanding of financial systems and proven ability to drive meaningful change make him the ideal leader to guide HammerPay into its next phase of growth. We are confident that his leadership will elevate HammerPay and reinforce our position as a leader in mobile banking and financial technology."
Mr. Baker's career includes significant achievements, such as managing the negotiations process for 17 concession agreements with the Government of Liberia (totaling $20 Billion USD), including BHP Billiton, Sime Darby, Golden Veroleum, BR Power, China Union, Free Port of Monrovia, Western Cluster, Cavalla Rubber, LAC, and Liberian National Lotteries. He also oversaw the Trade and Business Environment components of two Budget Support projects for the Liberian government, totaling $40 million and played a key role in drafting and passing Liberia's first Special Economic Zone Code, which has the potential to attract $50 million in investments
Additionally, Mr. Baker Co-led a joint World Bank-IFC advisory program to establish an $800 Million USD agriculture development strategy for the government of Afghanistan to unlock Agribusiness for economic growth and expand job opportunities. As part of the initiative, he led consultations with senior government officials, including Minister of Agriculture, Minister of Commerce, and the Senior Advisor to the president. He also developed an Investment Promotion Strategy for Liberia, including an Agri-Business sector scan, promotional materials, and potential investment leads. Furthermore, he revitalized the Public Private Dialogue platform, securing support and commitments from both government and private sector stakeholders.
As Chairman of HammerPay African Ventures, Mr. Baker will lead the company's efforts to expand mobile banking services and enhance virtual wallet capabilities throughout Africa.
About Hammer Fiber Optics Holdings Corp.
Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR) is a company investing in the future of technology. Hammer has broadened its strategy to focus on the rapidly evolving world of innovative technology and in an effort to keep pace, has restructured the group to allow for the creation of several related verticals. Hammer has entered the Fintech industry which is rapidly becoming the mainstream technology powering today's telecommunication applications. For more information contact Investor Relations at info@hmmrgroup.com.
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