Wednesday, January 27African Business News
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Opinion piece: Nigeria represents a huge potential market for RCS

Opinion piece: Nigeria represents a huge potential market for RCS

Innovation, Technology, Technology & Innovation
The most popular communications channel in many parts of the world – the Short Message Service (SMS) – is rapidly evolving into a technology that businesses can leverage to keep up with the changing demands of today’s connected consumer. The next iteration of this technology, known as Rich Communication Service (RCS), is an advancement that will offer enhanced features to the standard SMS experience. Soon to be native on all mobile devices, this messaging service can now stand shoulder to shoulder with the world’s most popular chat apps. Despite huge uptake since its introduction in the 1990s, SMS has, up until now, evolved very little unable then to deliver the rich communication experience that today’s smartphones are able to support with other channels, such as WhatsApp. At the same ti...
Full Transcript of the April 13 COVID19  Address by President Muhammadu Buhari.

Full Transcript of the April 13 COVID19 Address by President Muhammadu Buhari.

Breaking News
1. Fellow Nigerians 2. In my addresson Sunday, 29th March, 2020, I asked the residents of Lagos and Ogun States as well as the Federal Capital Territory to stay at home for an initial period of fourteen days starting from the Monday, 30th March 2020. 3. Many State Governments also introduced similar restrictions. 4. As your democratically elected leaders, we madethis very difficult decision knowing fully well it will severely disrupt your livelihoods and bring undue hardship to you, your loved ones and your communities. 5. However, suchsacrifices are needed to limit the spread of COVID-19 in our country. They were necessary to save lives. 6. Our objective was, and still remains, to contain the spread of the Coronavirus and to provide space, time and resources for an aggressive and c...
Lockdown Is Slowing down Economy, Finance Minister Raises Alarm

Lockdown Is Slowing down Economy, Finance Minister Raises Alarm

Economy
Minister of Finance, Budget and National Planning, Zainab Ahmed has raised alarm that lockdown of some states and the Federal Capital Territory (FCT), as a way of controlling the spread of coronavirus is slowing down economy. “The consequences of the lockdown are the additional slowing down of the economy and the measures that we need to take to mitigate the negative consequences of the slow trade and businesses.’’ The minister, who spoke to news men today, April 2, shortly after a meeting of the Presidential Committee on the impact of the coronavirus on Nigeria’s economy with President Muhammadu Buhari in Abuja, said that the committee briefed the president on the effect of coronavirus on the economy. “This meeting was just to brief Mr President as the situation we are in keeps e...
Mr. Chaim Zach: A Uniquely Resourceful Entrepreneur

Mr. Chaim Zach: A Uniquely Resourceful Entrepreneur

Interviews, Profile
Mr. Chaim Zach is an international investor and industrialist. For close to 30 years, he has positively impacted the Nigerian agricultural sector. He has hugely contributed to the growth and development of that aspect of the nation's economy. Chaim Zach is the Founder and Managing Director of Agric International Technology & Trade (Nigeria) Ltd better known by its abbreviation of AGRITED. Founded in 1991, the company's core farming operation is poultry breeding. It produces and distributes millions of broiler and layer day-old chicks to commercial farms throughout Nigeria. Agrited's operations also include the production and supply of premix and feed additives, animal vaccines and medications and also poultry and aquaculture equipment. Agrited offers consultancy services to li...
AFDB to Launch Agro-Industrial Processing Zones in Nigeria

AFDB to Launch Agro-Industrial Processing Zones in Nigeria

Business, Economy
  The African Development Bank (www.AfDB.org), in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special Agro-Industrial Processing Zones in Nigeria. A workshop was held in Abuja from 17 to 18 February to address the categorization and location of the SAPZs, which are meant to kickstart the agriculture sector. Speaking at the event, Nigeria’s Minister for Agriculture and Rural Development, Alhaji Sabo Nanono, lauded the efforts of the African Development Bank and called for all hands to be on deck in the sustainable implementation of the initiative. “I am proud that the SAPZ project is taking off, with strong collaboration with the African Development Bank. The project is indeed a promising one for the future of agric...
China’s Shipping Nears a Standstill Amid Coronavirus Disruption

China’s Shipping Nears a Standstill Amid Coronavirus Disruption

Uncategorized
Executives say large container ships are leaving Chinese ports as little as 10% full, and sailings are being canceled as carriers brace for a financial retreat, shipping volumes out of China are plummeting as the impact of the coronavirus outbreak takes a deeper toll on industrial production, and ocean carriers are bracing for financial blows from the diminished output. “Substantially less cargo is being moved between China and the rest of the world” said Lars Jensen, head of Denmark-based maritime research group Sea-Intelligence. “Last week we had an additional 30 sailings canceled, with 23 across the Pacific and the rest to Europe.” Mr. Jensen said the canceled trips, which have topped 50 since late January, will delay or reduce shipments into the U.S., where retailers may see a slow...
Maersk Warns of Lower Earnings From Coronavirus Impact

Maersk Warns of Lower Earnings From Coronavirus Impact

Logistics
The world’s biggest container ship operator says efforts to hold back the spread of the virus are weighing on both China’s exports and imports. A.P. Moeller-Maersk A/S is facing a weak year as the coronavirus outbreak takes a toll on shipping volumes and freight rates after broader market conditions sent the Danish shipping giant to an unexpected fourth-quarter loss. The world’s biggest container ship operator said Thursday it has canceled dozens of sailings out of China since late January as factories there were closed for an extra week after the Lunar New Year and struggled to resume production. Maersk Chief Executive Soren Skou said in an interview that quarantines and travel restrictions aimed at containing the spread of the virus have had “a huge impact” on China’s export vol...
6 Ways to Grow Your Logistics Business

6 Ways to Grow Your Logistics Business

Logistics
The exponentially growing business sector has turned global crossing the national boundaries and reaching the farthest corners of the world. What holds everything in the business world is the delivery of products and services, and thus making logistics the survival need for them all. Logistics in simple terms can be defined as the supply chain management which is responsible for the flow and storage of goods, services, and related information. As a matter of fact, Logistics Perfomance Index defines six dimensions for a successful logistics business, which can help enterprises and startups to grow exponentially, expand and benefit in a better way if promptly implemented. Service quality – The competence and quality of logistics services is a major driving force in determining the suc...
Ecobank Group announces 2020 Edition of Fintech Challenge

Ecobank Group announces 2020 Edition of Fintech Challenge

Innovation
Ecobank Fintech Challenge was designed in partnership with the advisory firm Konfidants and is supported by several partners across Africa and globally Ecobank Group (Ecobank.com), the pan-African banking group, is inviting African fintech entrepreneurs to enter the 3rd edition of  the Ecobank Fintech Challenge. The Fintech Challenge  gives African start-ups the opportunity to promote their fintech solutions, and potentially  partner with Ecobank to roll-out  their solutions across Ecobank’s 33 markets in Africa as well as France. Ecobank welcomes  submissions from all start-ups and developers in any of Africa’s 54 countries to enter its 2020 Ecobank Fintech Challenge at https://www.Ecobank.com/Fintechchallenge All Finalists will be inducted as Ecobank Fintech Fellows, partici...
Air travel restrictions won’t protect us from the coronavirus

Air travel restrictions won’t protect us from the coronavirus

Logistics, Technology & Innovation
Cities in lockdown, flights and public transport suspended, travellers in quarantine and surgical masks selling at unprecedented rates. The emergence of the novel coronavirus in Wuhan city, Hubei province, China, as well as its rapid arrival in 25 other countries and the World Health Organization (WHO)'s declaration of a public health emergency of international concern have once again focused attention on aviation's role in the spread of human infectious disease. As of February 6, more than 28,000 cases and 566 deaths had been reported in China, with additional confirmed cases in countries including Thailand, Japan, Australia, the US, UAE, Germany and the UK. Despite growing awareness of aviation’s environmental damage and the rise of “flightshaming”, air travel has never been more popu...