Business

Aleph Hospitality Signs Deal with Marriott International to Manage the First Four Points by Sheraton in Liberia

Aleph Hospitality Signs Deal with Marriott International to Manage the First Four Points by Sheraton in Liberia

Business, Features
Four Points by Sheraton Monrovia to become first internationally-branded hotel in Liberia Pioneering hospitality management company, Aleph Hospitality (www.AlephHospitality.com), today announced the signing of a franchise agreement with Marriott International for the first Four Points by Sheraton (Four-Points.Marriott.com) hotel in Liberia. Located in the capital city, Monrovia, the hotel is due to become the first internationally branded hotel in the country upon opening in 2020 and will be managed by Aleph Hospitality under the Four Points by Sheraton brand.   The landmark property is ideally situated in the city’s central business district, adjacent to the United Nations mission and in close proximity to a number of government organisations and commercial offices. It w
Avanti partners MainOne to improve broadband penetration with converged solution

Avanti partners MainOne to improve broadband penetration with converged solution

Business, Innovation
The companies made this announcement on Friday at Nerds Unite, an annual IT conference hosted by MainOne Avanti Communications Group plc (Avanti) (AvantiPlc.com) a leading provider of satellite data communications services in Europe, the Middle East and Africa (EMEA) and MainOne (MainOne.net), a premier connectivity and data centre solutions company in West Africa, have signed an agreement to jointly improve broadband penetration across Nigeria by providing the latest KA-band based satellite communication services to enterprises located in remote areas of the country. The companies made this announcement on Friday at Nerds Unite, an annual IT conference hosted by MainOne. Such services are most critical for the Oil and Gas sector, and for the delivery of social and educational service...
From geeky tech to popular payment method: Kaspersky Lab finds one-in-ten people now use cryptocurrency

From geeky tech to popular payment method: Kaspersky Lab finds one-in-ten people now use cryptocurrency

Business
Cryptocurrency, often associated with ‘geeks’ or those looking to raise cash quickly, has turned into a popular payment method. According to a recent report from Kaspersky Lab (bit.ly/2Spbz7T), one-in-ten people (13%) have now used it to make a purchase. However, cybercriminals are also embracing this trend by targeting cryptocurrency exchanges and modifying old threats (bit.ly/2TjJI5s) to attack investors. This is leaving people at risk of losing their savings stored in this unprotected technology, as hackers develop sophisticated techniques to access funds. There are a growing number of businesses now offering cryptocurrency as a payment method, with retailers (bit.ly/2tVjMFd) and food outlets (bit.ly/2SrULgu) now accepting it. Prices are falling and major sports teams (bit.ly/2rC42py
In Nouakchott, Economic Commission for Africa (ECA)’s Vera Songwe congratulates Mauritania on ratification of African Continental Free Trade Agreement (AfCFTA)

In Nouakchott, Economic Commission for Africa (ECA)’s Vera Songwe congratulates Mauritania on ratification of African Continental Free Trade Agreement (AfCFTA)

Africa, Business, Economy
In Nouakchott, Economic Commission for Africa (ECA)’s Vera Songwe congratulates Mauritania on ratification of African Continental Free Trade Agreement (AfCFTA)   In an audience with the President of the Islamic Republic of Mauritania Mohamed Ould Abdel Aziz held yesterday in Nouakchott, ECA’s Executive Secretary Vera Songwe congratulated Mauritania for having ratified the African Continental Free Trade Agreement (AfCFTA), as a major project for the region’s economic development. Mauritania is one of the first countries to sign the AfCFTA documents, this shows that its President and government are convinced of the importance of regional integration, said Songwe. Discussions with President Ould Abdel Aziz included strategic choices for ECA’s work in Mauritania and its coop
Standard Chartered launches second wave of digital-only retail banks across four African markets

Standard Chartered launches second wave of digital-only retail banks across four African markets

Business, Innovation
Roll-out of banking service follows successful pilot launch in Côte d’Ivoire in 2018 Standard Chartered (SC.com) today announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key markets during the first quarter of 2019 starting in Uganda in January, followed by Tanzania in February, with Ghana and Kenya to follow. Following the successful launch of Standard Chartered’s first digital retail bank in Côte d’Ivoire last year, the second phase builds on the original CDI platform that onboards clients in under 15 minutes and provides 70 of the most common service requests. The updated digital bank provides enhanced se
Aiteo Founder, Benedict Peters Awarded Foreign Investment Network (FIN) 2018 African Icon of the Year

Aiteo Founder, Benedict Peters Awarded Foreign Investment Network (FIN) 2018 African Icon of the Year

Business
The Aiteo Group’s 20 year evolution through Africa’s Oil and Gas sector has been exemplary as well as revolutionary       International business leader and founder of Aiteo Group (www.AiteoGroup.com), Benedict Peters was awarded African Icon of the Year at the Foreign Investment Network (FIN) (www.ForeignInvestmentNetwork.com) and Federal Ministry of Petroleum Resources Honorary Patrons Dinner and Awards Night which held at the Nigeria International Petroleum Summit, Abuja on January 28, 2019. The award is an acknowledgement of Peters’ significant contribution to oil and gas development in Africa, his visionary leadership, distinguished service and transformational disruption of a sector dominated by International Oil Companies. The Aiteo Group’s 20 yea
Investment in Refinery, Petrochemicals is Driven by Innovation, Efficiency, Says Dangote

Investment in Refinery, Petrochemicals is Driven by Innovation, Efficiency, Says Dangote

Business, Energy/Oil & Gas
Dangote is also constructing the largest fertiliser Plant in West Africa with capacity to produce 3.0 million tonnes of Urea per year as part of the gigantic economic transformation project The ongoing investment in refining, petrochemicals, fertilizer and gas is driven by the desire to bring innovation and efficiency into all aspects of Nigeria’s oil and gas sector, the President/Chief Executive, Aliko Dangote has said. Dangote, who made this disclosure yesterday at the ongoing Nigeria International Petroleum Summit in Abuja, said the company is committed to the concept of energy efficiency and innovation in the oil and gas sector. The business mogul, whose 650,000 barrels-per-day capacity refinery is the largest in Africa, was represented by the Group Executive Director, Government
Renmoney Integrates Freshworks Support and Customer Relationship Management (CRM) Solutions to Improve Customer Engagement

Renmoney Integrates Freshworks Support and Customer Relationship Management (CRM) Solutions to Improve Customer Engagement

Business
Freshdesk and Freshsales Enable Renmoney to gain 360-Degree View of its Customer   -                  Renmoney (Renmoneyng.com), one of Nigeria’s leading fintech companies, has  deployed Freshworks (www.Freshworks.com) customer engagement software to set up an integrated support and CRM system. Renmoney provides convenient loans, savings and fixed deposit products to Nigerians. Last year, Renmoney delivered over 95,000 loans to individuals and small businesses via its website, contact centre, agent network and branches. The interactions across multiple channels created complexities that made it challenging to maintain a holistic view of each customer. Freshworks customer engagement software provides Renmone
Development Bank of Nigeria targets MSMEs with N70bn loans

Development Bank of Nigeria targets MSMEs with N70bn loans

Business
  The Development Bank of Nigeria says it has set a target to disburse loans worth N70bn to Micro, Small and Medium Enterprises in 2019. The Managing Director, DBN, Mr Tony Okpanachi, said on Thursday that the bank, in its first year of operations, exceeded its projected loan performance by 4.53 per cent. He said the bank, which set a target of N30bn in 2018, disbursed N31.36bn to 35,000 MSMEs. Okpanachi, while presenting a scorecard of the bank’s performance in its first year of operations, stated that the bank formally commenced lending operations in October 2017. He stated that the bank’s first two participating financial institutions, which were micro-finance banks, were the first beneficiaries, adding that the bank currently had 29 PFIs, which included commercial b
Corporate Social Responsibility: Dangote gets Top 5 Recognition in ‘Most Responsible Business In Africa’ Category

Corporate Social Responsibility: Dangote gets Top 5 Recognition in ‘Most Responsible Business In Africa’ Category

Business
Dangote Group was also named by SERAS one of the Top 5 "Most Responsible Business in Africa/Overall Winner" In recognition of its 2017 Sustainability Report and significant progress in Sustainability Best Practices and Reporting in 2018, Dangote Industries Limited (DIL) (www.Dangote.com) received two awards at the 12th edition of the annual Sustainability Enterprise and Responsibility Awards (SERAS), which took place in Lagos Nigeria. Two DIL subsidiaries received the SERAS Sustainability Awards for 'Best Company in Hunger & Food Security' as well as 'Best in Supply Chain Management' categories. In special recognition of its pioneering Sustainability Journey in 2018, Dangote Group was also named by SERAS one of the Top 5 "Most Responsible Business in Africa/Overall Winner." Th