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L’Oréal Accelerates Product Development for Sub-Saharan Africa

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L’Oréal has inaugurated its new Research & Innovation Center to study African hair and skin specificities as well as the beauty routines and expectations of sub-Saharan consumers.

The Research & Innovation Center in South Africa is the Group’s 7th R&I hub globally. It hosts product development, evaluation and advanced research teams and will employ scientists from the fields of chemistry, chemical engineering, physiology, cosmetology and biochemistry.

Alexandre Popoff, Executive Vice-President Eastern Europe and Africa, Middle East, said: “Sub-Saharan Africa is one of the fastest growing regions for L’Oréal. Our new research arm in South Africa will solidly enable us to continually create the beauty products of the future for our African consumers, while drawing inspiration from the diverse beauty rituals and the various needs of our consumers on the continent.”

Laurent Attal, Executive Vice-President of Research and Innovation, said: “By opening this new Research & Innovation Center, we are spearheading L’Oréal Research for the African continent. We are showing our determination to go further in innovations for the African beauty market. Our consumer surveys conducted since 2010 and our in-depth studies of skin and hair since early 2000, represent the knowledge base for the development of tailored products for African consumers. We are starting with hair and our ambitions are much broader and cover the body, hygiene, skin care and makeup categories.”

Deep knowledge of African Beauty
The Research activity in South Africa started in 2003 with an Evaluation Center focused on consumer knowledge and product assessment.

The mission of the brand new Research & Innovation Center is to translate beauty needs and hair and skin knowledge into innovative products ranging from hair care, hair color, relaxers and shapers to personal hygiene.

Cutting edge instruments to visualize the skin surface, the spots or to measure hair breakage and rigorous protocols are used daily to assess the technical, functional and sensorial benefits of the products. The key areas will be skin evenness, sebum, acne, dryness, hair manageability, sensitive scalp and the fine tuning of fragrances.

The new Research & Innovation Center will also cooperate with the African scientific ecosystem, universities, dermatologists, natural biodiversity centers as well as hairdressers.

Innovating for the African Consumer
L’Oréal has already introduced key beauty innovations for African consumers.

For example, the African Beauty Brands team has brought to the market the black oil technology for hair color, failsafe relaxers as well as skin evenness routines.

In addition, customised products such as Hair Food and Make-up fully adapted to African skin tones are already offered to sub-Saharan consumers.

Red Star Plc Commended over Compliance

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Red Star Express

The Head of the Courier Regulatory Department (CRD) of NIPOST, Dr. Simon Emeje has commended the management of Red Star Plc for its steadfastness in its compliance to all regulatory rules laid down by the department for the courier industry.
This much he said when the management of the company, led by the outgoing Group Managing Director, Mr Sule Bichi paid the management team of the CRD a courtesy visit recently.
Emeje stated that if the CRD were to give awards to those in the industry, he will give Red Star Plc an award as the best in compliance to regulatory rules among many others.
He said this is a reflection of the leadership style brought to bear on the company by the outgoing Group Managing Director.
Describing Bichi, Emeje said “he is someone who is ready to do what is right at all times, even in the face of adversity. He is a gentleman who is highly committed to the industry and he makes sure he complies with every regulation as at when due. If we have any forum, we will continue to make use of his experience and invite him.”
Corroborating this, Andrew Ebiloma, Head of Enforcement, CRD noted that Red Star as a company has always been at the forefront of most of the trainings and seminars organized by the regulatory body for operators in the industry.
Members of the team of CRD that received the Red Star management include Aribasoye Olusola, Head of finance and Accounts; Dotun Shonde, Head Licensing & Renewal; Mrs Ogunlesi, Head Control Administration and Mrs. Deborah Ogonmilade, Head, Media and Publications.
Speaking earlier, the outgoing Group Managing Director of Red Star Plc, Mr. Sule Bichi disclosed that the organisation is undergoing changes in leadership and structure so as to re-strategise for the future, hence the need to keep the regulatory authority informed on developments and new innovations.
He noted that the company has expanded with different subsidiaries that have enormous growth potential which is required to contribute positively to the industry.
Bichi was accompanied on the visit by the Deputy Managing Director and CEO, Sola Obabori; Executive Director, Finance, Auwalu Babura; Executive Director, Sales and Marketing, Victor Ukwat; Divisional Managing Director of Red Star Express, Charles Ejekam and Corporate Affairs Manager, Olufemi Oluwole.

American XL Catlin Opens Africa-Focused Reinsurance Unit

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US insurance and reinsurance specialist XL Catlin announced in a statement that it has established a new reinsurance unit in Africa.
The new unit will provide facultative and treaty reinsurance across the continent, the same source added. It will be led by Alex St James, a former senior executive at One Re Limited.
St James who has more than 20 years of experience in the insurance and reinsurance industry has worked in the past in Africa with various companies, notably in Mozambique, Angola and Ghana.
“Africa is a varied and complex collection of frontier and developing markets, generally rich in resources and increasingly home to international companies,” said David Watson, XL Catlin’s Chief Executive, Europe, Middle East & Africa, Reinsurance, in the statement. “Traditionally there has been a lack of insurance penetration across the continent, but this is changing and we believe we have a part to play as reinsurance capacity will further drive the development and growth of the primary insurance market,” he added.

Experts to Lead ITU Telecom World Forum

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ITU

Speakers from governments and industry from around the world will provide contrasting perspectives on the theme of “Collaborating in the Digital Economy” at this year’s ITU Telecom World event.
The annual meeting of global leaders in information technology will be held on 14-17 November in Bangkok, Thailand.
Current confirmed speakers include:

Shamshad Akhtar, Executive Secretary of The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)
Adam Boni Tessi, President, Haute Autorite de L’audiovisuel et de La Communication (HAAC), Benin
Yuji Inoue, Chairman, Toyota Info Technology Center, Japan
Dongmyun Lee, Chief Technology Officer, KT Corporation (Korea Telecom)
Vladica Tintor, Director, Regulatory Agency for Electronic Communications and Postal Services (RATEL), Serbia
Syed Ismail Shah, Chairman, Pakistan Telecommunication Authority, Pakistan

The Leadership Summit will kick off the event, bringing together public and private sector leaders who will explore the reasons why working together is crucial for growth in the digital economy. Subsequent Telecom World sessions will explore topics key to the future of telecommunications and development, including 5G, collaborative regulation, the connected car, smart sustainable cities, fostering SME innovation, digital financial services and more.
“Building meaningful collaboration is the only way to feed innovative ideas back into the digital economy in a sustainable way, securing inclusive growth and positive social impact,” ITU Secretary-General Houlin Zhao said.
“By bringing together expert speakers from government and industry, including leaders from SMEs, the ITU Telecom World Forum will focus on the most effective ways to build this collaboration, accelerate innovation and help the global digital economy flourish.”
Other forum highlights will include:

A ministerial roundtable on the crucial role governments play in advancing the digital economy. The conversation will include ministers from countries around the globe, including Thailand, Afghanistan, Iran, Ivory Coast, Belarus and Singapore, among others.
B2B and B2G dialogues exploring how corporations and governments can strengthen collaboration with SMEs to improve the outcomes of research and development, accelerate innovation and improve public services

Alongside the forum discussions, ITU Telecom World will feature an international exhibition, which will showcase digital solutions and investment opportunities from countries and companies from emerging and developed markets, including SMEs.
The ITU Telecom World Awards ceremony will recognise excellence in ICT innovation with social impact, and a host of networking opportunities will connect exhibitors, delegates, countries, organisations and individuals.

Nigeria Power Council Adopts Sustainable Energy Agenda

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The Nigeria National Council of Power (NACOP) has adopted the country’s Sustainable Energy for All (SE4All) Action Agenda during its 2nd edition that took place in Kaduna City from 11 to 15 July, 2016.

The executive session of the NACOP on 14 July gathered ministers, policy makers from the national and state levels, members of the national assembly, representatives of development partners and the private sector, as well as other major stakeholders in the power sector. The NACOP was organised by the Ministry of Power, Works and Housing under the theme: Achieving incremental, then stable, then uninterrupted power.

The Action Agenda is an umbrella energy sector development document and constitutes a national response to the Sustainable Development Goal (SDG) number 7 on energy adopted in September 2015 by the UN General Assembly that strives to “ensure access to affordable, reliable, sustainable and modern and energy for all.”

In addition to the Action Agenda the NACOP adopted the National Renewable Energy and Energy Efficiency Action Plans and unveiled the national power sector investment catalogue. The African Development Bank in its capacity as host of the SE4All Africa Hub collaborated closely with Nigeria on this process.

The Minister of Works, Power & Housing, Babatunde Raji Fashola, underscored that contrary to old plans, the plans adopted are practical with easy to follow steps to implement.

He further highlighted Nigeria’s commitment to a 30% target of renewable energy in terms of electricity generation by 2030.

Daniel-Alexander Schroth, the SE4All Africa Hub Coordinator, highlighted the importance of the Action Agenda and the African Development Bank’s increased commitment to the energy sector under the New Deal on Energy for Africa.

He further underscored that the Bank has responded favorably to a request from the Government of Nigeria to provide technical assistance support for the development of the Nigeria SE4All Investment Prospectus in collaboration with the ECOWAS Centre for Renewable Energy and Energy Efficiency and the European Commission with a view to mobilise investments from the public and private sectors.

L’Oréal Accelerates Product Development for Sub-Saharan Africa

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L’Oréal has inaugurated its new Research & Innovation Center to study African hair and skin specificities as well as the beauty routines and expectations of sub-Saharan consumers.
The Research & Innovation Center in South Africa is the Group’s 7th R&I hub globally. It hosts product development, evaluation and advanced research teams and will employ scientists from the fields of chemistry, chemical engineering, physiology, cosmetology and biochemistry.

Alexandre Popoff, Executive Vice-President Eastern Europe and Africa, Middle East, said: “Sub-Saharan Africa is one of the fastest growing regions for L’Oréal. Our new research arm in South Africa will solidly enable us to continually create the beauty products of the future for our African consumers, while drawing inspiration from the diverse beauty rituals and the various needs of our consumers on the continent.”

Laurent Attal, Executive Vice-President of Research and Innovation, said: “By opening this new Research & Innovation Center, we are spearheading L’Oréal Research for the African continent. We are showing our determination to go further in innovations for the African beauty market. Our consumer surveys conducted since 2010 and our in-depth studies of skin and hair since early 2000, represent the knowledge base for the development of tailored products for African consumers. We are starting with hair and our ambitions are much broader and cover the body, hygiene, skin care and makeup categories.”

Deep knowledge of African Beauty
The Research activity in South Africa started in 2003 with an Evaluation Center focused on consumer knowledge and product assessment.
The mission of the brand new Research & Innovation Center is to translate beauty needs and hair and skin knowledge into innovative products ranging from hair care, hair color, relaxers and shapers to personal hygiene.
Cutting edge instruments to visualize the skin surface, the spots or to measure hair breakage and rigorous protocols are used daily to assess the technical, functional and sensorial benefits of the products. The key areas will be skin evenness, sebum, acne, dryness, hair manageability, sensitive scalp and the fine tuning of fragrances.
The new Research & Innovation Center will also cooperate with the African scientific ecosystem, universities, dermatologists, natural biodiversity centers as well as hairdressers.

Innovating for the African Consumer
L’Oréal has already introduced key beauty innovations for African consumers.
For example, the African Beauty Brands team has brought to the market the black oil technology for hair color, failsafe relaxers as well as skin evenness routines.
In addition, customised products such as Hair Food and Make-up fully adapted to African skin tones are already offered to sub-Saharan consumers.

SMILE Unveils Lowest 4G LTE Mobile Call Rates in Nigeria

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Smile Telecoms Holdings Ltd

‘Today, I am proud to announce the lowest call rate in Nigeria, using the very latest 4G LTE technology. Yes Nigeria! It is true. You can make calls at 8kobo per second to any network in Nigeria. You can also make and receive calls at the same rate from any country in the world. That is the Smile innovation! That is the Smile promise!! Ladies and gentlemen, welcome once again to our world of UNLIMITED POSSIBILITIES!’
That was the kernel of the speech by Mr. Godfrey Efeurhobo, Managing Director of Smile Communications Limited at the re-launch of Smile Voice services in Lagos yesterday.
‘As you are aware, Smile made the first ever Voice over LTE (VoLTE) call in Nigeria during the beta testing of its voice service in October 2015. Most of you were invited and witnessed this historic event. Since then, we have introduced SmileVoice to our customers who can use SmileVoice from a VoLTE-enabled handset with Smile SIM card OR downloading the SmileVoice App on their Android or Apple iPhone device.’
The SmileVoice App is a world-first, FREE mobile app that gives customers access to SuperClear voice calls over 4G LTE network, without the need for a VoLTE handset. Having the SmileVoice app on your mobile is like having a second SIM card in your phone.
Efeurhobo said Smile customers can use their data plan to make SuperClear voice, video calls and send SMSs to any number locally and internationally and there would be no need for the recipient to also have SmileVoice.
With SmileVoice, thousands of Nigerians are now enjoying seamless, SuperClear voice calls to their loved ones to and from anywhere in the world.
‘With the SmileVoice App, connected to any data network anywhere in the world, you can make calls to any network in Nigeria at the same rate!’

About Smile Communications
Smile is Nigeria’s premier 4G LTE operator with coverage in eight cities, with plans to roll out services in more cities in Nigeria. Smile possesses a Universal Access Service License (UASL), which means that it is a full communications company, and not an ISP, albeit providing services using the latest 4G LTE technology.
Smile is a full, best-in-class Communications Company. We are today where every other communications company would like to be. With Smile, you are at the cutting-edge of telecommunications technology. We invite you to Smile. Now you can!

Eko Atlantic City Unveils Nigeria’s 1st 8 Lane City Road

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Eko Atlantic City, a unique, innovative development, in a vibrant environment with 21st Century facilities on the coast of Lagos has reached advanced stages in the first 5 million sq. metres of the project.
The city not only boasts of independent power and water supply, seamless communications network but also an extensive citywide road network. This will be the first of its kind in Lagos and Nigeria.
The city, which is divided into 8 districts, is planned for mixed-use with commercial, residential, entertainment and leisure activities to make the city a 24/7 lively environment. City amenities and services will include an international school, hospital, and a high quality shopping mall, the largest in sub Saharan Africa.
The city’s road design and construction has been built according to world’s best practices with beautifully paved sidewalks, tree-lined and streetlights completed with a stunning ocean view. One of the considerations when developing the Eko Atlantic City was to guarantee free flowing traffic. This has now been achieved with the major road network recently completed.
The extensive road networks now clearly defined with an area in excess of 200,000 sq. metres. Most significantly Eko Boulevard, an 8 lane Boulevard, 1500M long ( similar to the 5th Avenue in New York) the focal point of the Business District is fully completed from Ahmadu Bello Way in Victoria Island to the Ocean Front, where an exquisite waterfront entertainment is being planned.
“We are extremely proud to have achieved another major milestone in the development of Eko Atlantic City. This futuristic city is not just for residential and commercial activities but a tourist attraction. We strongly believe the new boulevard will enhance business activities and be the ideal location for company headquarters, luxury and business hotels and also residential elements as well as attracting tourists from all over Africa,” says Ronald Chagoury Jr.
In addition, the city’s infrastructure network makes it the most technically advanced city in Nigeria. It comes with a fully integrated autonomous and reliable infrastructure networks with all its underground service pipes installed under the extensive paved side-walks( such as the storm-water drains, sewer drains, water supply piping, power cables and IT network ).
In 2006 South Energyx Nigeria Limited, a subsidiary of The Chagoury Group was awarded the concession to reclaim land, develop infrastructure and act as the exclusive authority over the development of Eko Atlantic City, next to Victoria Island in Lagos. Furthermore, South Energyx Nigeria Limited was specifically created to oversee the planning and development of Eko Atlantic, the new city of Lagos.

About Eko Atlantic:
Standing on 10 million square metres of land reclaimed from the ocean and protected by an 8.5 kilometre long sea wall, Eko Atlantic will be the size of Manhattan’s skyscraper district.
Self-sufficient and sustainable, it includes state-of-the-art urban design, its own power, clean water, advanced telecommunications, spacious roads and 110,000 trees.
The project is privately funded by South Energyx Nigeria Limited – the developers and city planners, a subsidiary of the Nigeria-based Chagoury Group of companies – working in strategic partnership with the Lagos State Government and supported by the Nigerian federal government.

Nigerian Banks Fall in The Banker’s 2016 Top Banks Ranking

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African banks had their capital Tier 1 fall by 12.77% in 2015, The Banker (Financial Times group) revealed in its latest world’s top 1000 banks. The same performance is reflected in the growth of global volume for assets and returns.
“Commodity price fall and fluctuations of national currencies against the dollar, participated to this overall slump in performances of the continent’s major banks in the 2016 ranking,” said the ranking’s synthetic presentation.
South African banks lead the top 25 and grabbed the first three seats. However, they plummeted in their global rankings, as their assets volume slumped. Africa’s top bank, Standard Bank, is now 160th against 125th in 2015.
In the new ranking, Nigerian banks also decreased in number to 10 against 13 last year. The report suggests it might be linked to the multiple economic challenges faced by Nigeria, among which is oil price slump.
Only two banks (Access Bank and Ecobank Nigeria) have been found with a solid capital Tier 1. Ecobank Transnational Incorporated for which Nigeria is the most important market, kept its 306th position in the world and jumped one rank to the 6th position in Africa’s top 25.
Besides South African and Nigerian banks, there are some other banks in Africa that recorded positive results.
These include Kenya Commercial Bank and Equity Bank who entered Africa’s top 25 by increasing their capital Tier 1 by 2.4% and 29.8%. Egyptian banks also improved their performances in terms of return on capital, with Banque Misr entering the Top 5 of this segment.
Here, it is Commercial Bank of Ethiopia that leads the ranking.

Idriss Linge

Africa Pension Awards 2016: Call for Nomination

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African countries now have the platform to showcase their achievements in pensions!
The ‘Africa Pension Awards’ has been introduced to stimulate innovative practices in the administration of pension and social security amongst African countries by recognising excellence, achievements and commitment to the development of pensions and social security in Africa.
This event will create the much needed setting for African countries to showcase innovations and developments in the African pension and social security space.
It offers a unique opportunity for African countries to benchmark their achievements and foster positive local and global perception of the African Continent.
The Award Ceremony, which will herald the opening of the 3rd World Pension Summit ‘Africa Special’, will be held on 27 September 2016 at the Congress Hall of the Transcorp Hilton Hotel, Abuja, Nigeria.
The contest for the Africa Pension Awards 2016 is open to both Pension Fund Regulators and Pension Funds (i.e. Operators) in Africa, who have deployed innovative ideas to record significant achievements in their delivery of pension and/or social benefits.
The Africa Pension Awards 2016 will focus on the following five (5) Award Categories:
· Innovation in Corporate Governance
· Deployment of Innovative Practices to Facilitate Wide Coverage and Inclusion
· Socio-Economic Impact of the Pension or Social Security System
· Innovation in Risk Management
· Innovations on Information, Communication and Technology Platforms for Improved Customer Service Delivery

DEADLINE FOR ENTRY: 30TH AUGUST 2016.

IMF Cuts Global Growth Forecast over BREXIT

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IMF

The International Monetary Fund cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European Union creates a wave of uncertainty amid already-fragile business and consumer confidence.
“The Brexit vote implies a substantial increase in economic, political, and institutional uncertainty, which is projected to have negative macroeconomic consequences, especially in advanced European economies,” according to the IMF’s World Economic Outlook Update released yesterday.
“Brexit has thrown a spanner in the works,” said Maurice Obstfeld, IMF Chief Economist and Economic Counsellor. And with the event still unfolding, the report says that it is still very difficult to quantify potential repercussions.
In particular, policymakers in the U.K. and the European Union (EU) will play a key role in tempering uncertainty that could further damage growth in Europe and elsewhere, the IMF said. It called on them to engineer a “smooth and predictable transition to a new set of post-Brexit trading and financial relationships that as much as possible preserves gains from trade between the U.K. and the EU.”
The global economy is projected to expand 3.1 percent this year and 3.4 percent in 2017, according to the IMF. Those forecasts represent a 0.1 percentage point reduction for both years relative to the IMF’s April World Economic Outlook.
The IMF said its forecasts were contingent on the “benign” assumptions that uncertainty following the U.K. referendum would gradually wane, the EU and U.K. would manage to avoid a large increase in economic barriers, and that financial market fallout would be limited.
Even so, the IMF warned that “more negative outcomes are a distinct possibility.” “The real effects of Brexit will play out gradually over time, adding elements of economic and political uncertainty,” said Obstfeld. “This overlay of extra uncertainty, in turn, may open the door to an amplified response of financial markets to negative shocks.”
Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.
In the first, “downside” scenario, financial conditions are tighter and consumer confidence weaker than currently assumed, both in the U.K. and the rest of the world, until the first half of 2017, and a portion of U.K. financial services gradually migrates to the euro area. The result would be a further slowdown of global growth this year and next.
The second, “severe” scenario, envisages intensified financial stress, particularly in Europe, a sharper tightening of financial conditions and a bigger blow to confidence. Trade arrangements between the U.K. and the EU would revert to World Trade Organisation norms.
In this scenario, “the global economy would experience a more significant slowdown” through 2017 that would be more pronounced in advanced economies.
The outlook for other emerging and developing economies remains diverse and broadly unchanged relative to April.
That said, gains in the emerging group are matched by losses in low-income economies. Indeed, low-income countries saw a large downward revision in 2016, in large part driven by the economic contraction in Nigeria, and also worsened outlook in South Africa, Angola, and Gabon.

Debts Issuances in Sub-Saharan Africa Fall 10% in 1st Half 2016 to $6.9bn

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Debts issued by the Sub-Saharan African (SSA) States and companies in the first half of 2016 amount to $6.9 billion, thus 10% down compared to the first half of 2015. This was revealed by data released on July 18 by Thomson Reuters and Freeman Consulting.
Benefiting from extremely low interest rates and investors’ growing appetite for debt securities of emerging economies, Sub-Saharan African nations and firms borrowed massively on international and local markets over the past years.
However, the perspective of an increase in US interest rates, slowdown of local economies and grim projections for commodity prices caused last year these states and firms to be less incline to issue bonds.
From January 1, 2016 to June 2016, Cote d’Ivoire, with $4.1 billion, was the largest issuer of debt securities in the sub Saharan region. It totaled 59% of overall issued debts. WAEMU’s (West African Economic and Monetary Union) driver is followed by South Africa which gathered 31% of overall issuances in the region, $2.1 billion.
Thomson Reuters also said that merger-acquisition transactions targeting SSA firms in the first half of 2016, dropped by 27% to $12.8 billion.
As for commissions collected by investment banks in the region, they decreased by 22% over the first six months of the year, to $173.9 million.

Orange Completes Acquisition of Airtel in Sierra Leone

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AIRTEL AFRICA

Orange announced yesterday that, together with its Senegal-based partner, Sonatel, it has completed the acquisition of 100% of the mobile operator, Airtel in Sierra Leone. Since the signature of an agreement with Bharti Airtel International (Netherlands) BV (“Airtel”) in January 2016, Orange has obtained all the official approbations necessary to complete this transaction.
Airtel is the leading mobile operator in Sierra Leone with over 1.3 million customers (on the basis of active customers within a 30-day period) for a total population of 6.3 million people.
With a mobile penetration of around 50% of the population, Sierra Leone offers considerable growth potential, particularly at a time when significant investments are underway to extend the operator’s 3G network.
This network, which already offers good coverage in Freetown and other major towns in Sierra Leone, is set to provide internet access to customers living outside major urban areas.
The investments planned in the coming years will enable customers in Sierra Leone to benefit from the support of the Sonatel group and take advantage of the Orange group’s expertise and momentum in terms of innovation and development of the digital ecosystem.
Following the recent launch of operations in Liberia and Burkina Faso, Sierra Leone becomes the 21st country in Africa and the Middle East to join the Orange group.
Bruno Mettling, Deputy Chief Executive Officer of the Orange group and Chairman & CEO of Orange MEA (Middle East and Africa), stated: “We are pleased to announce that the acquisition of the mobile operator Airtel in Sierra Leone has been finalised. This new acquisition, which will be consolidated by Sonatel, will further strengthen Orange’s strategic position on the African continent.”

Insurance, Pension Marketing & Distribution Summit Africa 2016

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The Insurance and Pension Marketing & Distribution Summit Africa, themed “Reinventing Customer Engagement for Digital Transformation of Insurers”, is designed to enable insurers, brokers and pension administrators re-think their marketing and distribution strategies, embrace new channel evolution and adopt the customer-centric approach to gain bigger shares of the market.
The Africa Insurance and Pension Marketing & Distribution Summit focuses on new ways of distributing insurance, micro-pensions and micro-health insurance from the perspectives of experts from insurers, brokers and pension administrators community, who are slated to speak at the summit.
In two and half days, insurers, brokers and pension managers from across Africa and beyond are coming together to talk about the evolving digital innovation needs of customers and how insurers, brokers and pension operators are adapting in return at the summit.
The Africa Insurance and Pension Marketing & Distribution Summit is positioned as the largest insurance, pension and health insurance marketing event in the continent for you to gain targeted strategies to navigate and negotiate the changing Africa insurance and pension landscape and win and retain customers.
The Summit will feature Special Panel on Digital Insurance Innovation in Africa.
Topics to be discussed are:
· Africa Insurance Marketing & Distribution channels of the future;
· Digital Insurance – What Modern Technology Means for Distribution and Competition;
· Current Trends in Microinsurance Marketing &Distribution Innovation;
· Current Trends in Micropensions Marketing &Distribution Innovation;
· Current Trends in Bancassurance Marketing & Distribution Innovation;
· Digital Life & Health Insurance Marketing & Distribution Innovation;
· Leveraging Insurance Brokers Value Chain in Bancassurance Marketing & Distribution Channel;
· Insurance Telematics Solutions for Africa Insurance Industry;
· Insurance Internet of Things (IoT);
· Reinventing Customer Engagement for Digital Transformation of Insurers;
· Big Data and Insurance Analytics: A Powerful Tool for the Life, P&C insurance industry.
Target Audience:
· CEOs, Executive Directors, General Managers and Senior Managers of Insurance Companies and Pension Administrators;
· CEOs and Senior Managers of Insurance Brokers and Microfinance Institutions;
· Financial Market Regulators;
· Heads of: Business Strategy, Business Development, Channel Distribution, Retail & Branch Network, Research, Product Development/Innovation, Customer Relationship & Segmentation, Sales & Marketing, Operations, Bancassurance;
· Pension managers, sales leaders, marketing managers, branch management or product managers engaged in the execution of your distribution strategy;
· Middle level managers and officers in insurance, pension and non-bank organization handling insurance and related matters.
The Insurance and Pension Marketing & Distribution Summit Africa will take place from 28-30 September 2016, in Lagos

NEXIM CEO Participates in UNCTAD 14 Conference in Kenya

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Nexim

NEXIM CEO Participates in UNCTAD 14 Conference in Kenya
L-R – Mr. YONOV FREDRICK AGAH, Principal Deputy Director General, World Trade Organisation; Ms. RITA TEAOTIA, Secretary of Commerce, Ministry of Commerce and Industry, India; and Mr. BASHIR MAHE WALI, Acting Managing Director/CEO, Nigerian Export-Import Bank (NEXIM) after the Ministerial Round-table discussion on “Lowering Hurdles for Trade: Trade Costs, Regulatory Convergence and Regional Integration during the on-going 14th Session of the United Nations Conference on Trade and Development (UNCTAD 14) taking place in Nairobi, Kenya, July 17 – 22, 2016.

Mr. Wali is attending the UNCTAD 14 in his capacity as the Honorary President of the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) which leadership he took over in April 2016 following the removal of Mr. Roberts Orya.

Mr. Bashir Wali, acting Managing Director/CEO, Nigerian Export Import Bank (NEXIM) is one of the global development finance experts attending the UNCTAD 14 conference in Nairobi, Kenya.

Wali, who is also the Honorary President of the Global Network of Export-Import Banks and Development Institutions [G-NEXID] is scheduled to network with other development finance professionals to seek ways of delivering access to finance for businesses in their home countries for sustainable economic growth.

President Uhuru Kenyatta who opened the conference tasked Development Finance Institutions [DFI] to consider the strategic importance and needs of Africa in developing finance mechanisms for development. He urged the participants to pay special attention to African economic issues such as trade promotion, sustainable development and development of natural resources.

The UNCTAD 14 conference is meant to address such global development challenges as investment agreements, economic capacity in least developed economies of the world, green economy, settlement of trade disputes and investment in Information Technology [IT] etc.

Recently, NEXIM under the leadership of Wali unveiled the N500 billion non-oil Export Stimulation Facility (ESF) and N50 billion expansion of the Rediscounting and Refinancing Facilities (RRF) to boost the non-oil export sector in Nigeria.

Wali said at the event in Lagos that the ESF and expansion of the RRF falls in line with the diversification policy of the federal government and will spur non-oil export growth, assist in economic development and create jobs in the country.

NEXIM is the official trade development agency of Nigeria and has over the years, provided export credit guarantees and export credit insurance facilities to non-oil exporters as well as exporters generally.

It has also supported the growth of the creative industry in Nigeria.