Sunday, October 25African Business News
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Corporate Stories

ADVANTAGE PRESTIGE

ADVANTAGE PRESTIGE

Corporate Stories, Insurance, Interviews
Prestige Assurance Plc “has the advantage” as it is strategically positioned to provide efficient and effective solutions to your risk management issues, using the modern information technology, skillful and professional workforce with the objective of making its esteemed clients feel the positive impact in every sphere of their lives.                         Prestige Assurance Plc, is one of Nigeria's leading general insurance Company with offices nationwide, with about 68 years of undisputable insurance services, and a commitment to create long-term value for its clients and stakeholders through strong business fundamentals, consistent with its mission and guided by a strong vision and excellent core values was es...
Building trust

Building trust

Corporate Stories, Interviews
WTO: Okonjo-Iweala Building Trust from Her Roots In the past few days, I have keenly followed the enthusiasm and the seemingly endless endorsements that have greeted the declaration and candidacy of Dr. Ngozi Okonjo-Iweala for the position of Director-General of the World Trade Organisation. From the diplomatic circles, she received the support of Ambassador Emmanuel Obiako, one of the most experienced career diplomats in the Nigerian Foreign Service, to the political support of ex-Australian Prime Minister, Ms Julia Gillard for the position. While this piece is not necessarily about the endorsements she has received in recent weeks - those won't stop coming - my preoccupation here is to state the whys behind these endorsements which many people may not understand. A few weeks ago, the...
The birth of a new nation

The birth of a new nation

Corporate Stories, Exclusive
The challenges of nationhood notwithsdanding, India has come a long way in these 74 years. “At the stroke of the midnight hour, when the world sleeps, India shall awake to life and freedom.” These were not just words from any ordinary speech but the very first Prime Minister of Independent India was addressing the nation for the very first time. This independence he claimed was not free, according the him, the leaders  had to pay a huge price for it. Many have sacrificed their valuable lives, thousands have attained martyrdom so that this coming generation would be able to live a life of liberty. As India celebrates its 74th Independence day on 15th August 2020, it is of utmost importance and prestige and that the people remember all those because of whom they were able to live freel...
Experts harp on restructuring of loans to benefit women

Experts harp on restructuring of loans to benefit women

Corporate Stories
Experts have called for the restructuring of loan facilities in Nigeria, to alleviate the adverse effects of some government policies on women, who own micro-businesses with cash flow problems. They noted that a significant number of women are still financially excluded, as they generally earn less than men, and as a result, are closer to the poverty line, adding that the COVID-19 pandemic has further worsened the situation. They made the assertion during a recent webinar on: “The Impact of COVID-19 on Women at the Bottom of The Pyramid,” while urging the government and private sector to enable low-income women to survive and thrive now and post-pandemic. According to a 2019 report released by the Central Bank of Nigeria (CBN), and Enhancing Financial Innovation & Access (...
Empathy, Adaptability, Technology key to Company growth – Ifeanyi Nwigwe

Empathy, Adaptability, Technology key to Company growth – Ifeanyi Nwigwe

Corporate Stories, Interviews, Technology & Innovation
Ifeanyi Nwigwe As economies move to mitigate the unprecedented effects of the global Covid19 pandemic, empathy, adaptability and infrastructure are essential to drive recovery and repositioning most companies and businesses owners. This sentiment was shared by Ifeanyi Nwigwe, Assurance Lead, Shelze Consulting. According to Ifeanyi, firms must integrate technology now more than ever as person to person meets must reduce significantly. Sharing his approach he says, " Companies really need to take investment in I.T Infrastructure really seriously, that is what has actually helped us in this period. - "For Companies to get out of this they need to be more innovative, so for-instance before the pandemic my company made major investments in I.T Infrastructure" - It was as if we...
‘NIRCO will increase transparency, accountability in corporate reporting’

‘NIRCO will increase transparency, accountability in corporate reporting’

Corporate Stories
The Nigerian Integrated Reporting Committee (NIRCO), has said the establishment of the committee will help Nigeria to develop an acceptable framework, increase transparency and accountability in corporate reporting, and make the country more attractive to foreign investors. The committee has therefore implored regulatory authorities, firms, and institutes to support integrated reporting (IR) in the country, to provide disclosures on the connectivity of non-financial and financial value creation aspects of doing businesses. Speaking with newsmen in Lagos, the Chairman of the Committee, Dr. Innocent Okwuosa, explained that NIRCO has been involved in awareness creation and advocacy campaigns for companies to inculcate the practice of integrated reporting, which will provide holistic inf...
Enabling the Dream

Enabling the Dream

Corporate Stories
In today’s troubled world, the African Union is projecting that exports and imports of African countries will reduce by at least 35 per cent from the level reached in 2019, which is a loss estimated at around $270-billion. The UN Economic Commission for Africa (UNECA) has also estimated that the continent may lose half of its GDP growth (from 3.2% to 1.8%), particularly due to supply chain disruptions, shrinking investment and lower remittances. With this scenario top of mind for those companies doing business in Africa, we need to ask ourselves: How are we going to continue working in Africa knowing this? Strong ethics First and foremost, for us at Tata, is the ability to draw on the strong ethics entrenched in all of our businesses, and this is what has always and will continue ...
Nigeria’s ship registry rated 46th globally

Nigeria’s ship registry rated 46th globally

Corporate Stories
• NIMASA unveils high-tech registration certificateThe International Maritime Organisation (IMO), has rated the Nigerian Ship Registry, as the second largest in Africa by tonnage, and 46th in the world.The rating follows the acquisition of software licence for the automation of the Nigerian Ship Registry, Nigerian Maritime Administration and Safety Agency (NIMASA). The Director-General, NIMASA, Dakuku Peterside, who stated this during an interactive session with ship-owners in Lagos, said the agency has concluded plans to set up an automated ship registration process through online and electronic procedure. The new development, according to him, would enhance the Ease of Doing Business in the maritime sector, and position Nigeria as a world-class ship registry. Peterside said automat...
Accor set to expand Ethiopia footprint with management agreement for new Ibis Styles hotel

Accor set to expand Ethiopia footprint with management agreement for new Ibis Styles hotel

Corporate Stories
Design-Led Economy Property in Addis Ababa to grow group’s presence to five properties countrywide Accor (Accor.com), a world-leading augmented hospitality group, is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles. In a move that ramps up its ambitious development plans in Sub-Saharan Africa, the Group has partnered with private conglomerate, Yuluch Elyano Trading plc, to operate the 150-key Ibis Styles Addis Ababa, its fifth upcoming property in the capital, with a scheduled opening date of 2023. Conveniently situated in a secluded location just off the city’s main thoroughfare, Bole Road, 1km from Addis Ababa Bole International Airport and close to corporate institutions and em...
Revitalising Manufacturing Hub of Africa: Role of Public Policy

Revitalising Manufacturing Hub of Africa: Role of Public Policy

Corporate Stories
Kingsley Moghalu Background The Ford Foundation, TBWA and C&F Porter Novelli, in partnership with Nnewi Chamber of Commerce have begun a great and necessary initiative by sponsoring and organizing the first Nnewi Investment Summit to develop a pathway to the revitalization of Nnewi a major manufacturing hub in Nigeria and Africa. I am honored to have been asked to serve as the Keynote Speaker for this event. Although I happen to be a “son of the soil” as an indigene of Nnewi, I was just as impressed by the sponsors/organizers of this summit, the Representative of the Presidency, Dr. Jumoke Oduwole, Special Adviser to the President on Ease on Doing Business, and the representatives of the Anambra State Government, by the creativity and drive of Nnewi manufacturers – against all odds,...