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‘Why Nigerian, African Varsities Rank Lowly Globally’ – Ghana VC

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Leading African Development Economist and Vice Chancellor of University of Ghana, Legon, Professor Ernest Aryeetey says that Nigeria and Africa in general will not have globally competitive economies without investing in university research.
He also noted that low investment in research-focused universities accounts for why many African universities are lowly ranked and cannot be globally competitive.
According to the seasoned economist, Africa must develop research universities that will help in providing sound knowledge economy for its transformation and positive change.
Aryeetey made the reamarks while delivering the 67th Interdisciplinary Discourse of the Postgraduate School, University of Ibadan under the Deanship of Professor Adeyinka Aderinto.
Speaking on the topic “Developing Research Universities for Africa: Some New Approaches”, Professor Aryeetey noted that universities must specialise either in teaching or doing researches, noting that not all universities should be combining both teaching and researching.
He said African Universities must collaborate, which he said will lead to develop output that will solve Africa’s problems, adding that the African Research Universities Alliance (ARUA) has this as one of its visions.
According to him, there is a correlation between research output and economic growth, adding that if Nigeria and African governments refused to fund research for the transformation of Africa, it will be difficult for the continent to experience transformation.
“Having research focused universities is important but expensive but the end product is total transformation and economic growth. Innovation comes from research which leads to transformation. We need to pay more attention to research in Africa. Our governments complain of low ranking universities and want us to compete globally but can they do what Harvard, Yale and Princeton universities are investing in Research? They must invest in Research to have their economies change and the continent can be competitive with the rest of the world. We need to change the face of infrastructure in our universities and attract leading scholars through attractive incentives and train more faculties that can conduct transformational research. African problems are of different nature. Our problem is about low productivity in agriculture, health but we must conduct researches that will solve our own problems. We must formulate policies based on researches conducted by African researchers not on important policy from another clime which is at variance with realities on the continent. It is sad that Africa accounts for 1% of world research outputs.”
He noted that the low level investment in research and development in African countries was due to the fact that government and companies do not want to spend money on research, adding that researchers must learn to conduct researches that have direct bearing on African needs.
The Vice chancellor, University of Ibadan, Professor Idowu Olayinka who stated that education is the bedrock of development, however lamented that the popular recognition of the role of universities in national development still operate theoretically in Nigeria and in most countries in sub-Saharan Africa.

Olayinka stated that African governments have failed to meet the needs of her universities which can help the continent o build competitive economies by developing skilled, productive and flexible workforce and by creating, applying and spreading innovations and technologies.
He urged the federal government to invest in research and stop blaming educational institutions of ranking lowly in the global educational system.

Signal Alliance, MainOne Win at Microsoft Nigeria Partners Award

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Microsoft Nigeria recently held its maiden edition of its Partner’s Award at the Eko Hotel in Lagos.
The awards which is to recognise partners who have excelled in delivering Microsoft solutions in the 2016 fiscal year spanning July 2015 through to June 2016, with the objective of celebrating partner’s success in the area of sales excellence, customer experience excellence and cloud transformation.
“We are rewarding our partners for their level of dedication and competencies over the last fiscal year and their support in driving our digital transformation agenda in the country,’’ Oluwawemimo Adeniyi Director, Small, Midmarket Solutions & Partners at Microsoft Nigeria had said during her welcome address.
The awards were divided into Competency, Strategic and Business categories, explored the different levels of services offered by Microsoft partners in the country.
In the Competency category, Signal Alliance was awarded the Cloud Productivity Partner of the Year Award, over both Reliance InfoSystem Limited and Ha-Shem Network. This award opened the doors for several other winners, making mention of Wragby Business Solutions who won the Cloud Platform Partner Award and IPI Solutions who won the Small and Mid-Market Cloud Solutions Partner of the Year Award.
In the Strategic Category Awards, Signal Alliance team also received the Cloud Excellence Partner of the Year Award, while Reliance InfoSystem Limited was rewarded with the Customer Experience Partner of the Year Award. Also in the Strategic Category, Adedamola Omirinde of Signal Alliance won the P- Seller of the year award, while Discasio went home with the award for the New Age Partner of the Year and Redington received the award for Distributor of the Year.
In the Business Award Category, retail giant, Office Everything, received the award for Industry Partner of the Year – Retail, while Ha-Shem Network picked the award for Industry Partner of the Year – Commercial.
The most significant award of the night was however received by MainOne for the Microsoft Country Manager’s Partner of the Year Award, which recognised the partner that had aligned with Microsoft priorities and have over achieved in one or more of the three transformational pillars of Microsoft, be it personal computing, the intelligent cloud and reinventing productivity other nominees in this category included Reliance InfoSystem Limited and Ha-Shem Network.

Speaking, while receiving the award on behalf of MainOne, Chief Information Security Officer, Chidinma Iwe, said:
“We’re honored to be recognised by Microsoft as Country Partner of the Year. Since January 2015, when we launched our Tier III data center, we have worked with Microsoft to provide cloud-based solutions to our customers, which has helped them optimise their organizational efficiency at competitive costs. This award cannot have come at a more opportune time than this, as it not only demonstrates the value we bring to our customers, but also reiterates the impact of our company as MainOne clocks 6 years of technology excellence this week.”
In his closing remarks, Awawu Olumide –Sojinrin, Marketing & Operations Director for Microsoft Nigeria who made the closing remark on behalf of the Managing Director Kabelo Makwane, said:
“I am really excited we were able to do this, and we remain committed to empowering every organization and individual on the planet to achieve more. We are creating platforms for people to do more.” She then thanked the Partners for their support and urged them all to do more in Fiscal Year 2017.
The Microsoft Partners Award is an initiative of Microsoft Nigeria meant to appreciate its partners for their commitment to Microsoft business as well as supporting the digital transformation drive in the country.

Red Star Boosts e-Commerce with Saddle Solution

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A first of its kind industry solution to manage “Pay-On-Delivery” transactions for online businesses and e-transactions has been deployed by Red Star Plc, a leading courier and logistics organisation with decades of service delivery experience.
The application, known as “Saddle”, allows instant payment on delivery reconciliation, enable customers monitor and track the movement of ordered products until items are delivered and at the same time, allows e-platforms/partner companies to seamlessly receive notifications when orders are placed.

According to Jayson Oyarekhua, Head, Projects and New Ventures, Red Star Plc, the application has been customized in such a way that it enables organisations especially those in e-commerce, track orders from clients, monitor activities prior to delivery and generate report after delivery or as at when due. “The application will enable a transparent solution on all sides of the e-commerce chain; Red Star Express PLC, the E-commerce platform and the end user who ordered the product.”
Jayson disclosed that subscribing to the Saddle application will provide several features that will be beneficial to e-Commerce platforms across the country.
“The features are meant to change the way e-tailing is executed; it will impact on logistics management tool, provides cash and card payment solution, it will act as front-end app for delivery agents, back-end tool for dispatch, monitoring and reconciliation, provide pick-up and drop-off tools, provide tracking information for consumers and provide industry solution for multiple e-commerce sites/platforms.”
This solution is flexible enough to suit individual business models. The application could be customised to fit the business need of the back end user of this product. “And the good thing about it is that the storage of the massive information is absolutely free because it is stored in the cloud.”
Explaining how it works, Jayson said a customer (an e-commerce Platform provider) receives an API to integrate Saddle into their website. Once integration is done, the customer will have visibility to the Saddle logistics management.
When an order is made on their platforms, the transaction is sent and logged in Saddle where it becomes available for pick-up and delivery. For delivery, Saddle will be linked to a mobile POS solution which every delivery agent can use to receive payment upon delivery. Payment (cash, card) will be logged into the account of the merchant with proper reconciliation and settlement process in place.
“The app starts with the integration of an e-commerce website. So when an order is ready to be fulfilled, the e-commerce website feeds into saddle and the Logistics partner will be able to see orders that are ready to be picked up. This solution will significantly organise the current e-commerce delivery process by assigning pick-ups to agents within a certain geographical location. For example, when an agent needs to pick up from merchants located in Victoria Island. The algorithm built into it will assign the pick-up info to agents in Victoria Island. So this app puts sanity to an otherwise chaotic system that is currently in place. The MPOS allows the customer the ability to pay on delivery. By integrating MPOS with Saddle, it creates a real time payment notification.”
The customer is able to see when their order has been picked up from the merchant. Then the order is tracked from when it gets on the vehicle until the last mile customer signs that the order has been received. Dates at various touch points progression are visible. Daily, weekly or monthly report can be generated for reconciliation purposes.

About Red Star Express
Red Star Express Group is a premium logistics solution provider in Nigeria with unrivalled local network coverage and a large market share in the domestic and international market.
It enjoys a domestic strength of over 240 offices in Nigeria, delivers to additional 1,800 communities, with over 2,400 highly trained personnel and over 600 delivery vehicles in its fleet.
The company has four business units including The Red Star Express which is a licensee of FedEx, the world’s largest express transportation company.
There is the Red Star Freight, Red Star Logistics and Red Star Support Services

CTO Report: Public-Private Partnership Accelerate ICT Dev

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The report of last month’s Commonwealth ICT Ministers Forum in London shows public and private sectors coming together to help accelerate ICT development in Commonwealth countries.
Held every two years as a closed-door meeting, the event included a two-day open conference for the first time.
Called the Open Forum, it provided industry and government leaders with an opportunity to discuss challenges and solutions to ICT adoption in the group of nations.
On the eve of the Open Forum, the ministers issued a Declaration at the end of a closed-door meeting that endorsed the CTO’s strategy for supporting member countries over the next four years. Key issues addressed in the Declaration included broadband, cyber-security, applications and Commonwealth coordination.
CTO’s Secretary-General, Shola Taylor, the Hon Dr Emmanuel Mallia, Minister for Competitiveness and Digital, Maritime and Services Economy, and Chairman of this year’s Commonwealth ICT Ministers Forum, and Commonwealth Secretary-General the Rt Hon Patricia Scotland at the opening of the closed-door ministerial meeting, 14 June, 2016, London
“Contributions from the private sector at this year’s event were very constructive, and from the various comments I’ve heard during and since the event, the addition of the Open Forum has been a success,” said Shola Taylor, Secretary-General of the CTO.
Key outcomes of the two-day open conference were as follows:
· Competition is an important factor that must be allowed to flourish in order to drive innovation and creativity, especially when we take into consideration the rollout of new fibre networks and the mobile network transition from 3G and 4G to 5G.
· Bridging the digital divide is profoundly important if we want to transform our global economy to a digital economy. The Internet of Things will see 20 billion devices connected, possibly by the end of the decade.
· The digital divide still remains large, with 60% of the world population still offline. Four billion people still don’t have Internet access, and this gap is visible within individual countries, between the rich and the poor as well as between urban cities and rural villages.
· With crimes being committed at an alarming rate online, the need for accountability in cyberspace is fundamental.
· Market liberalisation, independent regulators, encouragement of new technologies, new financing models, making broadband access a legal right, are several key factors that can help reduce the urban/rural digital divide.
· Giving young people access to broadband technology is a key factor in driving forward the economic development of countries.
· Due to its decreasing cost of service, high performance, high reliability and capability to provide universal coverage, satellite technology is a very viable option for delivering both fixed and mobile broadband services to rural and remote areas of a country.
· 5G technology will require large blocks of spectrum within the frequency bands identified by ITU WRC-2015 for study for accommodation of 5G; In addition, the C band, the Ka band and the Ku band will need to be protected due to the large investments that satellite companies have made in satellite systems in these frequency bands.
Companies that took part in the Open Forum ranged from service providers and manufacturers, such as Avanti and Huawei, to carriers and operators. International organisations and leading associations such as the ITU, ITSO and GSMA also took part in the event.
David Williams, Chief Executive Officer of Avanti Communications, a UK-based Ka-band satellite operator and CTO sector member said: “Data-hungry consumers, businesses and government organisations across the Commonwealth require reliable, flexible broadband infrastructure to bridge the digital divide. Avanti’s HYLAS satellite fleet is helping to achieve this today, as it covers a significant number of CTO member states. Many more will be included when our latest high-throughput satellite, HYLAS-4 is launched early next year. It was welcome that, during the recent Commonwealth ICT Ministers Forum in London, senior government officials acknowledged Avanti’s positive role in addressing the digital strategies of Commonwealth countries.”
“We live in an age of global connectivity that is delivering social, health, education and economic benefits to mankind. This connectivity is equally important to developing and developed economies. However, we face a universal threat from cyber attacks, which puts at risk the benefits achieved to date and future opportunities for local and global economies,” said David Francis, European Cybersecurity Officer at Huawei Technologies.
“It is vital that all stakeholders play an active role, therefore Huawei commend the Commonwealth ICT policymakers for their recognition of the global nature of the supply chain, and their commitment to a collaborative approach to address the cyber threat,” Francis added.

African Airlines Report 9.5% Traffic Growth in May

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IATA
The International Air Transport Association (IATA) announced global passenger traffic results for May showing that demand (measured in revenue passenger kilometers, or RPKs) rose 4.6%, compared to the same month in 2015, which was the same level achieved in April. Capacity climbed 5.5%, which pushed the average load factor down 0.7 percentage points to 78.7%. Demand for domestic traffic rose 5.1%, outpacing international demand growth of 4.3%.
“After a very strong start to the year, demand growth is slipping back toward more historic levels. A combination of factors are likely behind this more moderated pace of demand growth. These include continuing terrorist activity and the fragile state of the global economy. Neither bode well for travel demand. And the shocks of Istanbul and the economic fallout of the Brexit vote make it difficult to see an early uptick,” said Tony Tyler, IATA’s Director General and CEO. 
 
May 2016 
(% year-on-year)
World share¹

RPK

ASK

PLF 
(%-pt)²         
PLF 
(level)³  
Total Market
100.0%
4.6%
5.5%
-0.7%      
78.7%
Africa
2.2%
8.6%
9.4%
-0.5%
65.7%
Asia Pacific
31.5%
6.6%
6.9%
-0.2%
76.9%
Europe
26.7%
2.0%
2.8%
-0.6%
80.2%
Latin America
5.4%
1.7%
1.3%
0.3%
79.4%
Middle East
9.4%
11.2%
15.4%
-2.7%
72.1%
North America
24.7%
3.0%
3.4%
 -0.3%
83.8%
 
International Passenger Markets

The DELTA STATE ICT Innovation Hub

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Special Executive Media Brief
In Recognition of Its Distinguished Corporate Status in the Advocacy and Promotion of Science, Technology & Innovation (STI) in Nigeria, Africa and the world.
 
 
As Nigeria moves into the 21st century its wealth and international competitiveness will be significantly influenced by her ability to develop and exploit intellectual capital (IP) by harnessing the power of information technology (IT).
Indeed, many of the new business opportunities for Nigerian firms will depend on their capacity to develop Innovative IT-based solutions, products and services which respond to the expanding role of Science and Technology across the economic development Ecosystem and sustainable society.
In both government and the business world, the organisations which benefit most from the transformative role of IT are those which treat IT as a key strategic resource for achieving organisational goals rather than as a purely technical input.
At DS-IHUB, we recognise your organisation and Domain expertise as a leading proponent, future hope and promoter of Innovation as demonstrated by your huge commitment to the advocacy of deploying technology for national development and wealth creation.
 
1.1    About DS-Innovation Hub
1.2    The DS-Innovation Hub is the ultimate experience and world class destination for new knowledge-centered innovation and adventure in creativity. It is desirous to be positioned and acclaimed as a professionally designed architecture and technology focused platform.
1.3    The Hub is a Private-Public Partnership (PPP) Platform for the promotion of Technology innovation. The Hub is accredited through peer review, as the first Knowledge-Innovation and Science & Technology Park in the South-South of Nigeria, and aims to positively disrupt the existing status quo.
1.4    It is located in Asaba – the capital city of Delta State. This Innovation Hub is classified as the metropolis of smarter ideas, creativity and a distinct catalyst for new thinking, values, renewable entrepreneurial leadership and constructive governance.
1.5    The DS-Innovation Hub is a disruptive technology platform for re-engineering the blueprint for smarter processes, more effective leadership and governance for inclusive public service.
1.6    The Hub will provide expertise on Science, Innovation and Information and Communications Technology (ICT) policy roadmap – incorporating implementation strategy advice on new processes and emerging approaches to conceptualisation, application and usage of Information and Communications Technology to respond to critical challenges and drive innovative solutions at all levels of engagement.
 
Why we established the Innovation Hub
 
Vision:
“Make DS Innovation Hub a smarter Platform, international destination and national centre of ICT innovation and knowledge creation”.
 
Slogan:
“We create and innovate”.
Mission:
Our mission is to develop the Innovation Hub as a world-class knowledge factory.
Applying a Public-Private-Partnership (PPP) development model we aim to strategically harness all knowledge attributes, potentials and ICT processes in and beyond the Delta State Region as the core accelerate or for leadership, public policy, inclusive governance, state security, entrepreneurship, youth and women empowerment, creativity, innovation and wealth creation. The Hub aims to be a well groomed platform for timely harnessing critical knowledge and accelerating the translation of ideas into functional products and services.
 Institutional Knowledge sustainability is at the core of the above mission and values.
We would make every effort to ensure that knowledge, idea and creativity consistency becomes and remains our strategic compass for the sustainability of institutional culture for science, technology and innovation at all levels of our development – incorporating the engagements of the following challenges:
 • The rapidly waxing population which pose immense challenges to Governance Leadership, Institutional Peace, State Security and Climate Change.
• Explore complex social and economic problems which challenge policymakers to provide new and more effective responses to the policy needs and demands of their citizenry.
• Focus on National, State and Peoples security – especially at the digital platform – which demands urgent social inclusion solutions.
• Examine responsive strategies for successfully engaging the above challenges
• Intervention strategies for acknowledging that effective, successful and sustainable 21st century development resides in well structured innovations and creative IP development.
 • Building responsive capacities and capabilities for disaster recovery and sustainability.
 
Objectives
Our focus amongst others is to build High-Technology Innovation Capacities, encourage disruptive technology processes, retool the workforce and develop a creative capacity of new-thinkers and skillful doers:
• Empower leadership with critical knowledge for impactful governance
• Providing Go-to-business Innovation mentoring to support start-ups and entrepreneurial aspiration in the commercialisation of new ideas and products.
• Create standards to improve confidence and trust in Stakeholders, ensure effectiveness and job security
• Improve efficiency, service quality and customer satisfaction.
• Empower public service players and action-owners with functional strategies.
• Apply effective, innovative techniques to engage challenges and deliver goals on time.
• Scale up proven, successful innovations across our faculties.
• Apply inclusive strategies to accelerate effective policy responses by policymakers.
• Motivate and empower Stakeholder to improve productivity and enhance growth.
• Establish guidelines for effective monitoring mechanism to enhance quality assurance.

Union Bank Earns BBB+, Stable Rating from GCR

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Global Credit Ratings Co. (GCR) has affirmed Union Bank of Nigeria’s credit ratings of BBB+ and A2 for long and short term respectively, and a stable outlook through June 2017.
According to GCR, the ratings take into consideration the Bank’s improved market position in Nigeria’s highly competitive banking industry following its recapitalisation in 2012, and improved NPL ratio and profitability metrics in subsequent years.
In 2013, Union Bank embarked on a transformation programme to reposition the bank and once again become a respected provider of quality banking services in Nigeria. In that time the Bank has executed critical initiatives around infrastructure, technology and human capital in line with its strategic objectives.
In October 2015, Union Bank unveiled a new brand identity, signalling readiness to operate more competitively in the Nigerian financial industry.
Commenting on the ratings, Mr. Emeka Emuwa, Chief Executive of Union Bank, said, “The affirmation of the bank’s credit ratings from the previous year is a result of the management’s focus on rebuilding fundamentals and positioning Union Bank for sustainable long term growth. We are pleased that GCR’s review highlights some of the key successes of the Bank’s robust transformation programme over the past three years. Going forward, the Bank will continue to focus on delivering consistent growth to all its stakeholders in the short and medium term.”

BREXIT Cuts UK 2016 IT spending Forecast by 10%

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Canalys expects the uncertain future of the trading relationship between the UK and the EU will hit UK IT spending immediately. Unemployment and inflation in the UK are low, and the economic outlook was positive.
The decision to leave changes this outlook, resulting in a range of short- and longer-term implications, the extent of which will be unclear for months, if not years, as it is expected to take at least two years for the UK and the EU to negotiate exit and new trading terms.
‘Canalys’ IT spending forecast, based on the UK remaining in the EU, was in the range of USD90 billion to $100 billion in the UK. Canalys now expects this to fall by up to 10% in 2016, based on the public sector and businesses cutting expenditure to reduce risk,’ said Matthew Ball, Principal Analyst. ‘The outlook for 2017 could be even worse, with up to a 15% decline as IT budgets are set lower on the prediction of a tough year ahead and ongoing uncertainty.’
Some effects are more imminent than others. Sterling’s fall has added to its continuing volatility against the US dollar, which has been an issue since the start of the year. It could feasibly drop below the US$1.20 mark if confidence deteriorates further and capital continues to flow to safer assets.
‘This will be a key issue for the IT sector, as technology prices rise due to higher import costs,’ said Matthew Ball, Principal Analyst. ‘In the short term, contracts will have to be renegotiated and proposals requoted due to the strong shift in value. Any new activity will be suspended until rates stabilise,’ Ball added.
‘International businesses will have to assess their Sterling cash position and level of exposure, as their assets will be worth less if not adequately hedged against.’
‘Trade disruption, political instability, recession, stagflation, talent pool reduction and the collapse of the EU are all potential outcomes that need consideration,’ said Research Analyst, Claudio Stahnke.
‘The UK is taking a big gamble on its future. The unprecedented nature of the move to leave makes the true extent of the outcome an unknown. Though there are a number of different scenarios that could play out, what is certain is that we are only at the very start of defining the UK’s new relationship with the EU.’
Financial markets will be volatile for at least the next six months, as different data points emerge and prominent business and political leaders pass judgment. The UK is in danger of moving into recession, as organisations and consumers look to reduce risk by delaying spending and placing an immediate suspension on all high-value transactions until the situation stabilises.

Global Air Freight Growth Slows in May

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IATA

The International Air Transport Association (IATA) released global air freight data showing that demand measured in freight tonne kilometers (FTKs) slowed in May with growth falling to 0.9% year-on-year. Yields remained pressured as freight capacity measured in available freight tonne kilometers (AFTKs) increased by 4.9% year-on-year.
Freight demand decreased or flat lined in May across all regions with the exception of Europe and the Middle East. These regions recorded growth in air cargo volumes of 4.5% and 3.2%, respectively, in May, compared to the same period last year.
Broad weakness in world trade volumes, which have largely tracked sideways since the end of 2014, accounts for about 80% of air freight’s sluggish performance.
“Global trade has basically moved sideways since the end of 2014 taking air cargo with it. Hopes for a stronger 2016 are fading as economic and political uncertainty increases. Air cargo is vital to the global economy. But the business environment is extremely difficult and there are few signs of any immediate relief,” said Tony Tyler, IATA’s Director General and CEO.

 May 2016 
(% year-on-year)
World share¹

FTK

AFTK

FLF 
(%-pt)²   
FLF 
(level)³  
Total Market     
100.0%
0.9%       
4.9%
-1.7%      
41.9%
Africa
1.5%
0.3%         
22.2%
-5.6%
25.5%
Asia Pacific 
38.9%
-0.7%
3.7%
-2.3%
51.6%
Europe         
22.3%
4.5%
5.7%
-0.5%
43.9%
Latin America             
2.8%
-9.7%
-7.0%
-1.0%
35.3%
Middle East             
14.0%
3.2%
9.5%
-2.5%
40.9%
North America       
20.5%
-0.2%
3.2%
-1.1%
31.8%
¹% of industry FTKs in 2015   ²Year-on-year change in load factor   ³Load factor level 

Regional Performance

Asia-Pacific airlines reported a 0.7% decrease in demand for air cargo in May compared to last year. Capacity expanded 3.7%. Airlines in Asia-Pacific continue to face headwinds from weak trade in the region and globally.
North American carriers experienced a decline in demand in year-on-year performance of 0.2%. Freight volumes have suffered from the strength of the US dollar which has kept the US export market under pressure. This has contributed to the freight demand of US carriers remaining in negative territory for the past twelve consecutive months.
European airlines witnessed a 4.5% increase in freight volumes and a 5.7% increase in capacity in May 2016. The positive European performance corresponds with an increase in export orders in Germany over the last few months.
Middle Eastern carriers saw demand expand by 3.2% and capacity rise 9.5% in May 2016 compared to the same period last year. Despite carriers in the region reporting the fastest growth in aggregate, demand conditions have weakened considerably. Annual growth in May 2016 was one-fifth of the pace registered in May 2015. This reflects both an easing in network expansion by the region’s main carriers over the past six months and weak trading conditions.
Latin American airlines reported a decline in demand of 9.7% and a decrease in capacity of 7%, as economic conditions continued to worsen in Latin America, particularly in the region’s largest economy, Brazil.
African carriers saw freight growth in May 2016 of 0.3% compared to the same period last year. African airlines’ capacity increased by 22.2% year-on-year on the back of long-haul expansion continuing the trend seen since December 2015.

Intelsat Partner AfricaOnline on Broadband for Sub-Saharan Africa

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Communication satellite services provider Intelsat SA signed with Gondwana International Networks subsidiary AfricaOnline, a partnership agreement to provide Broadband Internet service across sub-Saharan Africa.
While Intelsat will provide satellite services via its Intelsat 28 satellite, AfricaOnline will provide ground support and network management services from Hartebeesthoek in South Africa, to deploy the internet services.
By sharing charges, the two firms will reduce their operating costs and focus on the service they provide customers, as Virtual Network Operators (VNO).
“We want to be the leading VSAT services provider across Africa and this collaboration with Intelsat allows us to boost our portfolio of services. The upfront capital commitment and ongoing fixed operating cost structure of Ku-band VSAT has constrained expansion of services in Africa. A managed VNO platform allows for increased economies of scale, both in terms of capex and opex, and is a giant step forward in bringing cost-effective connectivity to Africa,” said Mathew Welthagen, CEO of Gondwana International Networks.

Report: 1.3bn 5G Mobile Connections by 2026

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mobile phone

As the use of smartphones and tablets on 4G LTE networks has grown dramatically, the demand for mobile data services has also increased. 5G is the wireless and mobile industry’s solution that will provide high quality mobile data services to satisfy mobile consumers’ demands, as well as the need for widespread IoT (Internet of Things) connectivity.
5G is an ecosystem, defined by ITU-R’s IMT-2020 5G standard that has the goal of improving the connectivity experience of the mobile consumer and enterprise.
The first 5G networks are not expected to be deployed before 2020, with the first commercial services launched in 2021.
However, the current LTE and LTE-Advanced network, including all improvements made to them between now and 2020, will lay the foundation for the 5G network. Unless the ground work is completed with LTE in the next few years, 5G IMT-2020 will not be launched commercially by 2021.

�How is the 5G market expected to develop globally? And how much bandwidth will IMT-2020 networks likely have to deliver?
iGR, a market research consultancy focused on the wireless and mobile industry, has recently published a market study that answers these questions. The study presents a model for the global development of 5G markets from 2021 to 2026, including the number of 5G connections and the amount of data used on the 5G networks in each region of the world. This model estimates that 5G connections based on the IMT-2020 standard will start slowly in 2021 and grow to 1.3 billion in 2026.
“Although much of the discussion surrounding 5G has involved the Internet of Things, 5G is expected to be used for many other use case scenarios, as well,” said Iain Gillott, President and Founder of iGR who is chairing the second day of 5G World in London this week.
“By looking at the many potential uses, services, and applications, iGR has built a model of how the 5G networks and markets could develop — both in the number of connections and in the amount of bandwidth used.”

Quartz Innovators Summit 2O16 Set for July 2O

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Quartz’s Africa Innovators Summit returns to Nairobi, Kenya on Wednesday, July 20th to celebrate the thought leaders and entrepreneurs innovating across the continent. The event’s honorees and speakers include:

Smockey (Serge Bambara), hip-hop artist and co-founder of Le Balai Citoyen (The Citizen Broom), Burkina Faso
Wanjiru “Ciiru” Waweru, founder and CEO of FunKidz Limited, Kenya
· Matsi Modise, managing director of SiMODiSA, South Africa
· Wanuri Kahiu, award-winning film director and science fiction writer, Kenya
· Wilfred Ndifon, scientist and founder, International Institute of Computational and Systems Immunology, Cameroon
· Winnifred Selby, co-founder of Afrocentric Bamboo, Ghana
· Agosta Liko, founder and CEO of PesaPal, Kenya

Heritage Bank Reports N1.5bn Profit for 2015

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Heritage Bank Plc has announced a profit before tax of N1.5 billion for the operating year ended 2015.
This was contained in the audited financial statement announced by the bank for 2015, which represents its first full operating year since its acquisition of former Enterprise Bank Plc in October 2014.
The financial statement showed that the bank recorded Gross Earnings of N24.2 billion, Net Interest Income of N12.2 billion and Profit after Tax of N1.1 billion.
During the year, Heritage Bank attracted N312 billion as deposit from customers in 2015, indicating confidence in the bank. On the other hand, the bank supported businesses and individuals with N175 billion as Loans and Advances. Consequently, the bank achieved a Total Asset of N483.4 billion for the 2015 operating year.
Commenting on the result, Managing Director/Chief Executive, Heritage Bank Plc, Mr. Ifie Sekibo said: “This result is a testimony to the increased acceptability of Heritage Bank’s innovative products and services by the banking public. It is also a reward for the diligent commitment of the staff and management of the bank to our mission to create, preserve and transfer wealth across generations.
“In the 2016 operating year, our desire to reciprocate the patronage of our customers and goodwill from stakeholders has prompted us to introduce new and bespoke services driven by cutting edge technology designed to empower businesses and individuals with opportunities to achieve economic prosperity.
“The positive response to these efforts gives us assurance of improved financial performance in 2016 leading to enhanced returns to our investors.”
Heritage Bank Plc was recently selected by the Central Bank of Nigeria (CBN) as its pilot partner to Unveil, Administer and Manage the “N3 billion Youth Innovative Entrepreneurship Development Programme (YIEDP).
The Programme is aimed at creating sustainable wealth and employment in the country with focus on dependable job creating sectors such as Agricultural Value Chain (fish farming, poultry, snail farming), Cottage Industry, Mining and Solid Minerals, Creative Industry (Tourism, Arts and Crafts), and Information and Communications Technology (ICT).
The selection of Heritage Bank Plc as pilot partner for the programme was in recognition of its commitment to supporting Micro, Small and Medium Enterprises (MSMEs).
Recently, Heritage Bank Plc in partnership with the Centre for Values in Leadership (CVL) empowered 100 aspiring start-up entrepreneurs under the Young Entrepreneurship Business Training Programme (YEBTP).
The six months intensive course involving grooming, mentoring and financing include a 3-month intensive capacity building training programme in the areas of keeping accounting records, financial discipline, sales and marketing in order to equip them with the knowledge base needed to succeed as entrepreneurs.
In addition, the entrepreneurs underwent a month hands-on internship/mentoring experience with the business mentors to understand and be acquainted with the technical skills needed for each specific business lines, under existing and experienced business owners.

Skye Bank: ‘CBN is Selective’

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The leader of a major shareholder group in Nigeria has accused the Central Bank of Nigeria [CBN] of ‘selective justice’ in the take-over of Skye Bank Plc on Monday, July 4, 2016 for failing to maintain minimum levels of liquidity and capital adequacy ratios.

The shareholder group leader who insisted on strict anonymity told Business Journal in a phone conversation last night:

“Naturally, we should applaud the CBN for taking the right decision at the right time in respect of Skye Bank Plc to protect shareholders and depositors.

But my question is: Is Skye Bank the only weak bank in Nigeria today? Of course, the answer is capital NO.

It seems to me that Godwin Emefiele [CBN Governor] is now playing politics with the health of banks in Nigeria by selecting those to intervene in while letting others in more precarious situation than Skye Bank to continue to operate unhindered.”

He continued: “My brother, it is an open secret in the market that 7 or 8 banks are in weak condition and l was expecting the Emefiele hammar to fall on all of them at once.

Now-why only Skye Bank?-that is the puzzle that only Emefiele and his CBN can adequately answer.”

CBN Sacks Skye Bank Chiefs, Appoints Interim Board

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Godwin Emefiele
Godwin Emefiele CBN Governor

The Central Bank of Nigeria [CBN] yesterday sacked the Board and Management of Skye Bank Plc led by Mr. Timothy Oguntayo and appointed an Interim Board to run the bank.

Mr. Godwin Emefiele, Governor, CBN, said in Lagos that the apex took the decision because the bank failed to meet its minimum key liquidity and capital adequacy ratios despite repeated warnings.

The new Board of Skye Bank is head by Mr. M.K. Ahmad while Mr. Tokunbo Abiru is the new CEO.

Emefiele urged shareholders and customers of the bank to remain, saying the bank is not distressed but that the action was necessary to protect depositors’ funds.