Ben Leo, CEO Fraym Consumer-focused companies in Africa typically limit their focus to a handful of national capitals or major cities. This approach is understandable, given that these urban centers are dynamic economic and population hubs. Outside of these first-tier cities, actionable information becomes scarcer – and yet there are significant opportunities, particularly for companies looking to claim first-mover advantage for their specific product or service. Rural markets should never be overlooked for this reason, but there is another critical opportunity: the fast-growing consumer potential of Africa’s secondary cities. What defines a secondary city varies by study but a good ballpark description is a city with a population that is 10 to 50% of the nation’s biggest city – often
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
The journey of ÖVERALLT started with IKEA wanting to learn more about the contemporary African design scene and the creative explosion that can be seen in several cities around Africa Two years ago IKEA (IKEA.com) teamed up with a group of designers, architects, artists and creatives from five African countries to collaborate around modern urban rituals and the importance they play in the home. The result is the limited-edition collection ÖVERALLT, which will be launched on 27th February 2019 at the place where it all started – Design Indaba Festival in Cape Town. The journey of ÖVERALLT started with IKEA wanting to learn more about the contemporary African design scene and the creative explosion that can be seen in several cities around Africa. Ten designers, all connected to the Sout
Globacom has implored on school proprietors all over the country to get acquainted with ultra-modern products and services, specially designed by the network for them to elevate the boundaries of education in Nigeria. This was made known by Mr Tega Agofure of Enterprise Projects and Innovation, Globacom, at the National School's Fair in Lagos rcecntly, while delivering a paper titled 'Solutions for Educational Institutions in Nigeria'. He stated that as the national carrier, Globacom is beyond capable, and stationed to improve the education sector, with technologies that would deliver strategic solutions to challenges faced. He further urged school proprietors to ensure that every school has internet connections, to enable the students benefit from the wide-range of unending opportun...
The Chairman, Total Nigeria Plc, Mr Stanislas Mittelman, has said the company envisages that 2018 will provide opportunities for growth, investment and consolidation. Mittelman stated this at the company’s 40th Annual General Meeting in Lagos, where shareholders approved a final dividend of N4.75bn proposed for the financial year ended December 31, 2017, representing N14 per share. The company had earlier distributed the sum of N1.02bn as interim dividends, representing N3 per share. The chairman described 2017 as an arduous year for the company and the nation, saying security remained a major concern. “We commenced the year in a recession (the first in 25 years) with inflation at 18.9 per cent and we saw a near 40 per cent devaluation of the naira.” He said the state of the
The Enhancing Financial Innovation and Access (EFInA) has raised the hopes about huge market opportunities for Financial Technology (Fintech) companies in Nigeria. At a forum it organised in Lagos, EFInA, a financial development organisation funded by DfID and Bill and Melinda Gates Foundation, said to really explore the opportunities in underserved and unserved areas in the country, Fintech operations can be expanded to accommodate them. EFInA, launched in 2009, disclosed that through its Innovation Fund, it targets the economically deprived population, saying the fund shares risks with Financial Service Providers (FSPs) by providing grant subsidies through the Technical Assistance Grant and the Innovation Grant to the amount of $250,000 and $2,000,000 respectively. The focus are...
The new Country Director for Great Place To Work Nigeria, an affiliate of Peoples Productivity Solutions (PPS) Africa, the parent company of Great Place to Work UK, Dr. Gonzalo Shoobridge, has pledged the company’s commitment to partnering with Nigerian companies on global best practices. Great Place to Work is a global research, consulting and training firm, which helps organisations identify, create and sustain great workplaces through the development of high trust workplace cultures. Shoobridge, who replaced Michael Thomas as Country Director for Great Place To Work Nigeria, said Great Place to Work UK will bring to bear on Nigerian organisations best global practices that conform to the UK and other European companies where the firm has operations. Speaking at the fifth aw
On the 5th of June, the world once again commemorates the World Environment Day. First held in 1974, it has been a flagship campaign for raising awareness for environmental issues, global warming, wildlife and pollution, encouraging global action to protect planet, and take ownership of their environment. This year’s theme “Beat Plastic Pollution” draws attention to the volume of environmental challenges generated by plastic waste. Plastic Pollution involves the accumulation of plastic products in the environment that adversely affects wildlife, wildlife habitat and humans; hence the theme urges all the stakeholders-producers and consumers, as well as policy makers to jointly explore sustainable alternatives and urgently reduce the production and excessive use of plastics, polluting our
Africa’s richest person and President of the Dangote Group, Aliko Dangote, has been ranked among 75 most powerful people on the planet, ahead of the Vice President of the United States of America, Mike Pence. According to the Forbe’s 2018 ranking of the World Powerful People, Dangote ranked among world leaders like the Chinese President, Xi Jinping; the Russian President, Vladimir Putin; and the President of the United States, Donald Trump, who were ranked first, second and third, respectively. The 61-year old Dangote was ranked the 66th most powerful person in the world ahead of Pence, who ranked 67, and Qamar Javed Bajwa, the highly influential Chief of Army Staff of Pakistan, who was ranked 68. Dangote is the only Nigerian on the list and the second African who made the list, w
As part of efforts to boost business relations between Nigeria and India, over 100 Indian businessmen are expected to meet and develop partnerships with Nigerians at an exhibition which started yesterday Tuesday and to hold till Thursday. The exhibition, tagged: ‘Source India’, is organised by the Trade Promotion Council of India in association with the High Commission of India, Abuja with the support of the Nigeria-India Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry, among others. The Director, TPCI, Mr. Sandip Das, stated that the exhibition, holding in Lagos from Tuesday to Thursday, would be the largest Indian business buyers and sellers’ meeting in Nigeria, and would feature products from machinery, automobile and components, food spices, Inform