Wednesday, 24 August 2016

#Rio 2016: IOC reports record-breaking media coverage

The International Olympic Committee has hauled the 2016 summer Olympic Games as "record-breaking media coverage" and “unprecedented” levels of digital engagement.

The 2016 Games concluded in Rio de Janeiro on Sunday, with the IOC reporting more media coverage than ever before, with record numbers for television and digital broadcast hours.

Digitally there was 218,000 hours of coverage, which the Olympics body said was more than ever – “nearly double TV and 2.5 times more than London 2012”.

More than 9 million hours of content also streamed on the Olympic Video Player, with up to 1 million daily unique viewers for live streaming and on-demand video.

The IOC  reported a significant rise in digital coverage compared to London 2012, with 218,000 hours versus 81,500 hours. It added that it anticipates half the world’s population will have watched at least some coverage of the Games, including more than 90 per cent of the television audience in host nation Brazil.

World’s largest aircraft damaged in crash landing

The world's longest aircraft, the Airlander 10 airship, on Wednesday crash-landed after a test flight in Bedfordshire, central England.

Airlander crash landing. Photo courtesy: SBNA
The airship, which is bigger than the size of six double-decker buses, sustained damage on landing from its second test flight. Its British manufacturer Hybrid Air Vehicles said all crew were safe and well following the incident.

An eyewitness quoted by the BBC said that a line hanging down from the plane “hit the telegraph pole about two fields away,” but Hybrid Air Vehicles later said that “no damage was sustained mid-air or as a result of a telegraph pole as reported.”

Tony Agenmonmen Retires As Senior Strategy Manager At Nigerian Breweries

Mr. Tony Agenmonmen, Senior Strategy Manager at Nigerian Breweries Plc has retired from the giant beverage firm after 32 years of dedicated service.

The management and staff of the company over the weekend held an elaborate send-off party for him at Eko Hotel & Suites, Lagos appreciating his contribution to the company.

The Managing Director of Nigerian Breweries Plc, Mr. Nicolaas Vervelde described Mr. Agenmonmne has a marketing professional whose wealth of experience and advice on critical issues had benefitted him in the last three years.

In his words: “In the last three years of Agenmonmen’s career, we worked together and it was a fulfilling one because he gave me good advice and I always appreciated such advice. I want to thank you (Agenmonmen). I have learned to appreciate you not only as a man but also as a brand in the marketing world”.

Standard Bank predicts increased M&A activity in African telecom, media and technology

Standard Bank, Africa’s largest bank by assets, is partnering with international news and events provider TMT Finance for the inaugural TMT Finance Africa Conference 2016, which is holding in Lagos and is bringing together the leading decision makers in African telecoms, media and technology (TMT) to Lagos on September 20, 2016 http://www.tmtfinance.com/lagos/

The event will feature over 60 key C-level speakers from the most active and innovative companies, investors and advisers in Africa, including: Standard Bank, IHS Towers, Airtel, Etisalat, MTN, Vodacom, Africa Internet Group, Ringier, iRoko, MainOne, iPNX, Spectranet, Fibersat, Citi, Convergence Partners, Standard Chartered PE, Carlyle, Africa Capital Alliance and Emerging Capital Partners.

“As one of the leading TMT banks in Africa, we are excited to partner with TMT Finance for this event, which will bring the key telecom, media and technology companies, investors and advisers to Lagos in Nigeria,” said Standard Bank’s Global Head of TMT, Nina Triantis, who will be speaking on the TMT M&A Panel at the conference in one of the key sessions of the day.

The event comes at a time of accelerating investment, innovation and M&A activity across Africa, and in particular Nigeria, with Lagos widely viewed as the central hub for technology innovation and investment in Africa.

#AFRIMA2016: African Union Declares Lagos As Official Host City

Lagos State will be the official Host City of the third edition of The All Africa Music Awards, African Union Commission (AUC) has announced.

Formally declaring Lagos as the official city to host AFRIMA 2016 edition, the head of culture, African Union Commission, Angela Martins, said that all the cities targeted were equal to the task in terms of infrastructure, tourism potential and richness of culture, but that Lagos State had an edge in key areas.

AU had considered four cities (Calabar, Cross River State; Lagos, Lagos State; Port Harcourt, Rivers State and Uyo, Akwa Ibom State) as potential hosts for the continental awards ceremony.

According to Martins, the African Union was pushing forward its developmental agenda and policies through the AFRIMA platform. Which celebrates the best talent in the African music industry - which aligns with the vision of the African Union to foster peace, unity and development through cultural expressions and creative enterprise.

The third edition of All Africa Music Awards will be held on 4-6 November 2016 in Lagos, Nigeria.

Tuesday, 23 August 2016

Mark Zuckerberg Donates $95M Facebook Shares In Charity

Facebook founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, sold company shares valued at nearly $95million to fund their charitable efforts.

The price of the shares ranged from $122.85 to $124.31.

Late last year Zuckerberg and Chan promised to give away 99 percent of their shares in the company “during our lives” to charity. The pledge, then worth approximately $45 billion, came in a Facebook post on Dec. 1, 2015, announcing the birth of their daughter, Max.

The Chan Zuckerberg Initiative was formed to fund charities, companies and policies for “advancing human potential and promoting equality,” according to its website.

Zuckerberg's charitable giving is fast-becoming legendary in Silicon Valley.

Lagos Schools Record Improvement In Exam Results

The efforts by the Lagos State Government to raise the standard of education in the state is yielding positive  results as pupils and students record improved results in the 2016 Basic Education Certificate Examination (BECE) and Placement Test into the State Junior Secondary Schools conducted recently.

The result of the 2016 of the Basic Education Certificate Examination (BECE) released by the Lagos State Examination Board revealed that 128,149 representing 88.14% candidates, who sat for the examination, passed.

The Director, Lagos State Examination Board, Mr. Olufemi Hassan, who gave a breakdown of the population of students who participated in the examination, noted that out of the 145,393 candidates enrolled for the test, 77,982 representing 53.64 % candidates were from Public Schools while 67,411 representing 46.36% candidates were from Private Schools.

He explained that candidates who failed in English, Mathematics or both are to re-sit the failed subjects in line with the Basic Education Certificate Examination policy, adding that the re-sit will take place on 29th September, 2016 at designated centres to be announced later.

Jumia To Launch Its Own Mobile Money Wallet Jumia Pay

Leading pan African e­-commerce Jumia announced yesterday the launch of JumiaPay, a third party online payment solution aimed at providing a safer, faster and more convenient online payment experience.

The online payment solution JumiaPay is a first for e­-commerce Jumia and will most certainly be decisive in facilitating online payments across the 23 African countries where it operates, encouraging the progressive change to cashless societies. If the majority of payments performed on Jumia’s platforms is cash on delivery (between 70 to 90%), JumiaPay comes as a major milestone for improving customers’ online experience for the coming months and years, following in the footsteps of Chinese e­-commerce Alibaba and its online payment platform AliPay.

Jeremy Hodara, co­CEO of Jumia, emphasized the value added of the new payment platform for the online customer: ​ “Jumia Pay has a very simple yet crucial objective: go even further in providing a safe, a secure and a convenient shopping experience to our customers, building trust along the way between us, our thousands of sellers and our millions of customers. We are very proud to be able to offer this new service to our customers and participate in building financial inclusion in Africa to unbanked or underbanked populations”. JumiaPay will first  be implemented in Jumia’s biggest market, Nigeria, with more innovations to come before the end of the year.

The advantages of mobile money are central for e­commerce in African countries where mobile penetration is soaring and where the main challenges are to build trust for the customers and provide adequate payment systems. Indeed, already 50% of Jumia customers access the different platforms via their mobile phone, that figure reaching 70% in Nigeria. With its very secure payment system using a confidential code, mobile money payment is among the most trusted forms of payment across Africa. Mobile money also offers many perks for the customer.

Telecom M&A and Digital Convergence to lead Deal Activity in Africa

Converging technologies, expanding connectivity and telecom mergers and acquisitions (M&A) are predicted to be the main drivers of investment and deal activity in Sub Saharan Africa in 2016 and 2017, according to global news and events company, TMT Finance.

The topics will top the bill at the inaugural TMT Finance Africa in Lagos 2016 conference on Sept 20, which will gather over 60 international and regional CEOs, CFOs, strategy heads, private equity chiefs, and senior investment bankers, consultants and lawyers to discuss the latest investment strategies for telecoms, media & technology (TMT) across Africa.

TMT Finance is teaming up with IHS Towers, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, to bring an international audience to Africa’s technology hub, Lagos, for the first event of its kind in Nigeria.

Emirates adds Guangzhou to its global list of A380 destinations

Emirates, voted the World’s Best Airline 2016 at the Skytrax World Airline Awards, announced Tuesday that it will operate its flagship A380 on services between Dubai and Guangzhou from 1st October 2016, the 67th National Day of People’s Republic of China. This follows the airline’s recent announcements of A380 deployment on its Milan and Johannesburg routes.

Guangzhou will join more than 40 destinations on Emirates’ extensive global network served by its highly popular A380 aircraft, including Beijing, Shanghai, Hong Kong, Taipei, London, Paris, Sydney, Toronto, Auckland, Bangkok, and Seoul.

Since the route’s inauguration in 2008, Emirates has been flying a two-class Boeing 777-300ER aircraft on its daily flights between Guangzhou and Dubai, and the airline has seen steady growth for its service on the route. Once the A380 service commences, it will increase capacity by 15% to meet the growing travel and trade demand from Southern China to Dubai and beyond.

Emirates will deploy its three-class A380 on the Guangzhou route, offering a total of 491 seats, with 14 private suites in First Class, 76 mini pods with lie-flat seats in Business Class and 401 spacious seats in Economy Class. Flight EK362 will depart Dubai at 10:20am and arrive in Guangzhou at 22:05. The return flight, EK363, will depart Guangzhou at 12:15am and arrive in Dubai at 03:50*.

SA Dermatologist awarded L’Oréal African Hair & Skin Research Grant

Dr Willem Visser, Head of Dermatology, Stellenbosch University has been awarded the L’Oréal African Hair & Skin research grant for his research on Acne keloidalis nuchae (AKN). The award is open to all dermatologists and African PhD students specialising in the science of skin and hair.

Acne keloidalis nuchae (AKN) is a skin and hair condition that predominantly affects males with afro-textured hair and patients of African or mixed descent. AKN affects the nape of the neck and produces pustules, results in permanent hair loss and large areas of scarring. AKN may also affect areas beyond the nape of the neck. Dr. Visser’s study aims to investigate the earliest manifestations of its spread. The descriptive study’s objective is to describe the dermatoscopic and histopathological features of sub-clinical or early acne keloidalis nuchae.
Dr Willem Visser

For patients or men in the community who are concerned about this disorder, the study aims to empower dermatologists to identify early markers of disease. For patients who are already diagnosed with AKN and in the care of a dermatologist, this study will aim to provide clinical tools to assess further spread of the disease. According to Dr Visser “If this disease is diagnosed early on, treatment may be initiated sooner and the distress associated with this disorder may be significantly lessened.”

The grant supports a one-year research project in Sub-Saharan Africa and the winner receives an amount of 10 000 Euros. The research grant aims to promote clinical and basic research on ethnic skin and hair physiology conducted by African scientists in Africa.

AU Passport: Nigeria’s tourism & hospitality industry might overtake the downstream sector by 2021 – Jumia Travel MD

Nigeria’s tourism and hospitality industry might overtake the downstream sector by 2021 if the recently launched African Union (AU) passport is adopted by the country’s legislators. This is according to Mr. Kushal Dutta, the managing director of Africa’s number one hotel booking portal Jumia Travel Nigeria, who further said the Pan-African Passport will allow free movement of domestic tourists into the country.

Kushal made the remark last weekend while fielding questions from journalists on the potential of the Nigerian tourism and hospitality industry as an alternative to boosting the country’s economy. According to him, the opportunities presented by the unified African passport supersede the threats, especially now that Nigeria’s mainstay which is oil might not be sufficient to grow the economy; if the country’s Sustainable Development Goals (SDGs) are to be achieved.
Mr. Kushal Dutta


He also noted that the reality of the dwindling oil prices as a result of the fall in foreign exchange is now being felt across all sectors and as such, many industry experts are daily brainstorming on diversification opportunities to prevent the country from going on recession.

“In Nigeria, industry leaders have highlighted the hospitality industry among the sectors with the most opportunities for growth in the next five years. Breaking the barrier of free travel for other African countries to come to Nigeria is a potent way of enhancing the growth of the hospitality industry. Although, there is no gainsaying that the unified AU passport will also have some demerits such as unmonitored inflow of migrants and perhaps criminals from one country to another,” he said.

“Why Add More” Campaign Breaks

Amstel Malta, one of the leading malt brands from the stable of Nigerian Breweries Plc (the foremost brewing company), recently launched a new credential campaign tagged Why Add More.

The Campaign which is currently storming the airwaves and billboards across the country was introduced to re-inforce the brand’s positioning as the Premium Malt Drink, with an Original Formulation that contains Less Sugar and is enriched with essential vitamins and minerals.

The campaign leverages relatable metaphors and humor to portray the idea that adding more unnecessarily, could spoil the balance.

(L-R): Kufre Ekanem, Corporate Affairs Adviser, Nigerian Breweries Plc; Ruth Osime, Editor, ThisDay Style; Mrs. Ngozi Princewill-Utchay, CEO, Artelier Lifestyle Consultants; Chidike Oluaoha, Senior Brand Manager, Amstel Malta; at the official launching of Amstel Malta’s new campaign, Why Add More held in Lagos… recently
The TV commercial shows a wedding reception scenario, where the best man gives an eloquent speech which should have ended with a toast to the bride and groom but instead decides to add more, unnecessary entertainment, which did not go well with the celebrants and guests.

In referencing the campaign, The Portfolio Manager - Non Alcoholic Drinks, Nigerian Breweries, Mr.Olayinka Bakare said “The Why Add More campaign, touches on a fundamental truth about our esteemed consumers and the Amstel Malta Brand. The campaign is truly world class and will further re-enforce Amstel Malta’s place as the Premium Malt Drink, with an Original formulation that contains Less Sugar and is enriched with vitamins and minerals” he stated.

Facebook team up with She Leads Africa to empower female African entrepreneurs

Facebook is throwing its weight behind She Leads Africa, an African enterprise and women’s business-focused movement, to help ensure female entrepreneurs and professionals across the world unlock their full potential. She Leads Africa’s hugely successful bootcamp programme, SheHive, was held in London from August 18th-21st 2016.

The four-day event took place at Facebook HQ in London and featured some of the city’s leading African and diaspora entrepreneurs and business women, who shared insight and advice, as well as lead workshops on building business skills for the future. She Leads Africa has built a global community of more than 100,000 members across Africa and the diaspora in just two years.

“Facebook is where African consumers connect with African entrepreneurs, with millions of people across the continent using our platform to communicate with small businesses each month,” said Akua Gyekye, Public Policy Manager for Africa at Facebook. “Over 60 million businesses are using Facebook to help grow their business and connect with customers. While many of the owners and founders are African women, there should be more. That’s why we are delighted to support She Leads Africa as it enables young African women to connect, learn and share in a supportive and inspirational environment.”

African Basketball League Featured On BBC African Business Report

Leading Sports and Entertainment Company in Africa, African Basketball League, has been featured on BBC African Business Report, a program that shines the spotlight on striving African Businesses in Africa.

This is a milestone for African Basketball League, a league barely 8 months in existence to be featured on a prestigious platform such as BBC.

In the interview with BBC’s Correspondent, Ijeoma Ndukwe, the CEO of ABL , Ugo Udezue ,stated that he returned to Nigeria  with the vision of developing Sports in Africa. Building the Basketball brand in Nigeria and Africa is ABL’s number one focus, they will continue to roll out sports across West Africa and hopes within few years make the game of Basketball more popular across the continent.