BrandArena: October 2022

Thursday 27 October 2022

Dubai Holding Appoints Katerina Giannouka as New Chief Executive Officer of Jumeirah Group

Dubai Holding, a diversified global investment company with presence in over 13 countries, yesterday announced the appointment of Katerina Giannouka as the new Chief Executive Officer (CEO) of Jumeirah Group as of December 2022.

Wednesday 26 October 2022

Tranzfar launches The Freedom Account in Nigeria

Tranzfar, an international payment solution provider focused on cross-border money transfers from the United Kingdom, United States, 27 EU countries, Canada, New Zealand and Australia to Nigeria, Ghana and Kenya has recently launched its latest innovative product ‘The Freedom bank Account’ in Nigeria.

ADVAN names its annual marketing awards, adds 6 new categories

The Advertisers Association of Nigeria (ADVAN) has renamed its Awards for Marketing Excellence as the ADVAN African Awards for Marketing Excellence in an effort to include the rest of Africa's marketing practitioners and organisations in the prestigious event. 

Minister, Industry Experts to Discuss Africa's Environmental Sustainability Issues at ECOSEA 2022

Brand Communicator, a leading brand and marketing publication, and Impact Reports Africa, a fast-rising CSR, and Sustainability platform have concluded plans to host the maiden edition of the Environmental Sustainability Conference, Expo, and Awards (ECOSEA), scheduled to hold on November 2 at the Muson Centre, Onikan, Lagos.

Another Look at Media Monitoring and Why it Matters

Even a baby with a lisp could speak fluently about how the media have changed recently. Thanks in particular to online media. Never before have brands been scrutinized and scrutinized so closely. Monitoring their interactions with the media, both online and offline, has become more important than ever.

Ten Facts to note about Polaris Bank.

The headlines have been buzzing with the news of the sale of Polaris bank. Here are ten important facts to note:

1. Polaris Bank was created as a bridge bank. This means that it was created to manage the assets and liabilities of another bank which failed (in this case, Skye Bank). The regulatory authorities intervened to stabilize the bank with the much-needed liquidity. The bank has since grown and its roots are grounded in the Nigerian financial ecosystem thus now fit for ownership by competent and capable investors.

BREAKING: CBN to Redesign, Re-issue new Naira Notes

The Central Bank of Nigeria (CBN) has announced plans to withdraw all the current N200, N500 and N1000 notes from circulation effective from December 15, 2022; redesign and re-issue each of these notes.

Tuesday 25 October 2022

Antisemitic Remarks: Adidas Terminates Partnership With Kanye West, Gap Removes Yeezy Items

adidas on Tuesday ended its partnership with Ye, formerly known as Kanye West, after the musician made a series of offensive and antisemitic comments. Few hours later, Gap also announced that it would immediately remove Ye's Yeezy products from its stores. It shut down, which now redirects to the Gap website.

Monday 24 October 2022

Nigeria-Antigua and Barbuda Chamber of Commerce Offers Tour Opportunity for Nigerians

The Nigeria-Antigua and Barbuda Chamber of Commerce, has offered Nigerians the tour opportunities to Antigua and Barbuda, an island in the Caribbean.

NIPR Unveils 7th Lagos Digital PR Summit Faculty

The Lagos State Chapter of the Nigerian Institute of Public Relations today unveiled members of faculty who would be speaking at the seventh Lagos Digital PR Summit, tagged: Digital Communities: New Frontier Building Relationships, holding at the L'eola Hotel, Maryland, Ikeja, Lagos starting on Wednesday 26th through Thursday 27th, October 2022.

Spotify invests $100K into new Africa Podcast Fund initiative

Throughout its launch across Africa, top global streaming platform Spotify has demonstrated its commitment to bolstering the careers of African creators through on- and off-platform support programmes. In line with this, the company  has announced a first-of-its-kind podcast initiative on the continent, the Africa Podcast Fund, with the goal of supporting podcasters and further amplifying their stories. The $100,000 fund aims to bolster the careers of these podcast creators through financial grants, workshops and networking opportunities. 

5 Things You Should Know About the 2022 Nigeria Startup Act

On Wednesday, October 19, 2022, President Muhammadu Buhari signed the Nigeria Startup Bill (NSB) into law after its passage by the National Assembly.

Sunday 23 October 2022

YouTube Launches @username Handles To Help YouTubers Drive Traffic

The video-sharing site YouTube is rolling out handles and supports @username format tagging on channel pages, in Shorts, and in comments to help YouTubers drive more traffic to their channel.

South African edtech startup, FoondaMate launches in Nigeria

FoondaMate, a South African edtech startup, announced that it has launched in Nigeria. The startup recently raised $2 million in a seed funding round led by LocalGlobe boost to accelerate the global adoption of its Whatsapp and Facebook-based learning chatbot.

Media Intelligence agency publishes Media Sentiments of Commercial, Digital banks, and Insurance Companies

Since the beginning of 2022, the Nigerian Banking (commercial and digital) and Insurance industries have experienced an increase in media interactions, campaigns, and awareness. These were boosted even further by the fantastic numbers it reported to the media in the third quarter of the year. 

AVCA hosts inaugural Sustainable Investing in Africa Summit in London

The African Private Equity and Venture Capital Association’s (AVCA) inaugural Sustainable Investing in Africa Summit opened in London yesterday, convening over 150 key private equity and venture capital stakeholders from around the globe. The event championed the industry’s growth and evolution, key players, and collective action required to increase investment in equality, diversity, and Africa’s new green economies.

Fearless Energy Drink Takes “Headline Sponsorship” Of Fanfaro Autofest 2022

Fearless energy drink from the stable of Rite Foods Limited has made full preparation to support this year's Fanfaro Autofest event as the headline sponsor. This, is in its bid to make the platform bigger and more thrilling for car drifters, super bikers, and fun seekers in the ancient city of Ibadan from Friday, 2nd to Sunday, 4th December 2022.

Polaris Bank Announces New Core Investor, Board and Management Team

...Meet the New Board Members

Polaris Bank has officially announced that it has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank (‘Polaris’ or ‘the Bank’) by Strategic Capital Investment Limited (‘SCIL’). As part of the change in ownership, SCIL has appointed a new independent Board of Directors to lead the bank’s growth strategy.

HUAWEI CONNECT 2022 in Dubai: Innovative Infrastructure Drives Industrial Digital Transformation

HUAWEI CONNECT Dubai was held in the United Arab Emirates, with more than 3,000 industry stakeholders coming together to discuss the theme of "Innovative Infrastructure to Unleash Digital". Representatives from Egypt's Ministry of Higher Education and Scientific Research, Nigeria's Galaxy Backbone Limited, Huawei, and other organizations shared their latest digitalization practices, exploring new paths to industrial digital transformation.

Peak Milk Excites Consumers with Breakfast Café Experience in Ibadan

Leading dairy brand and flagship product of FrieslandCampina WAMCO, Peak Milk has taken its latest campaign promoting healthy habits, quality dairy nutrition and reviving the declining breakfast culture among Nigerians, ‘Peak Breakfast Café’, to Ibadan, the Oyo State capital.

Friday 14 October 2022

Egypt’s Pharma Platform i‘SUPPLY Raises $1.5 Million In Pre-Seed Funding

Egypt’s B2B pharma platform i‘SUPPLY has raised $1.5 million in a pre-seed round led by Disruptech Ventures among other investors.

TLcom Announces 4th Africa Tech Female Founder Summit

TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of its fourth annual Africa Tech Female Founder Summit scheduled to hold on Wednesday 9th November 2022 in Nairobi, Kenya.

Microsoft Office Rebrands as Microsoft 365 after 32 Years

Microsoft Office has been renamed "Microsoft 365" after more than 30 years to reflect the software giant's expanding portfolio of productivity tools. Excel, Outlook, Word, and PowerPoint are still available, but Microsoft will now frequently refer to them as being a part of Microsoft 365 rather than Microsoft Office.

Guaranty Trust’s You Read Initiative Hosts Damilare Kuku at its Book Reading Event

On Sunday, October 9, 2022, book lovers in Lagos were treated to an afternoon of inspiring creative interactions at a book reading event organized by Guaranty Trust Bank (Guaranty Trust). The event is a spinoff of Guaranty Trust's You Read initiative, which as part of its CSR policy seeks to champion continuous learning and promote a reading culture throughout Africa.

Stanbic IBTC Pension Managers Holds Pre-Retirement Seminar Series

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings PLC recently held her annual pre-retirement seminar series in three states of the federation - Rivers State, Abuja, and Lagos State. 

World Mental Health Day: 9mobile Driving Conversation on Mental Health

In support of its efforts towards creating awareness and sensitizing the public on the issues and importance of mental health and well-being, Nigeria’s youth-friendly and caring brand, 9mobile, has joined others globally to lend its voice to this year’s world mental health day themed: ‘Make mental health & well-being for all a global priority.

Thursday 13 October 2022

Imota Rice Mill: Sanwo-Olu Signs Management Deal with WACOT Rice Limited

On the basis of its competence and efficiency, the Lagos State Government signed a partnership deal with one of the leading rice-producing companies in Nigeria, WACOT Rice Limited, to manage the state’s Imota Rice Mill.

Pop Cola, Nigeria’s Iconic Beverage Brand Growing Stronger One Year After Launch

One of the key players in Nigeria’s beverage and drinks industry, Mamuda Group - Mamuda Beverages Nigeria Limited, makers of Pop Cola, recently rolled out its drums to celebrate the first-year post-launch anniversary of the iconic beverage brand into the market.

Tuesday 11 October 2022

Binance confirms $100 million loss in a bridge hack

Cryptocurrency trading platform called Binance confirmed that it lost at least $100 million to hackers. Due to a vulnerability affecting the BSC Token Hub cross-chain bridge, the Binance blockchain, also known as BNB Chain and Binance Smart Chain, was forced to halt transactions and fund transfers.

Nigerian media startup, Stears raises $3.3 Million in Seed Funding

Nigeria’s digital media & information company, Stears has secured $3.3 million in a seed funding round led by MaC Ventures Capital with participation from Serena Ventures, Melo 7 Tech Partners, Omidyar Group’s Luminate Fund and Cascador, we take a trip down memory lane to see where have come, as we share what this new fundraise means for our future.

Mastercard team up with Nclude to Promote Financial Inclusion and Development of Egypt's Fintech Ecosystem

In an attempt to strengthen Egypt's thriving fintech ecosystem and support the nation's journey toward digital transformation, Mastercard has announced its collaboration with Nclude, a fintech-focused VC investment platform. By investing in promising early- and growth-stage fintech and fintech-enabled businesses, the partnership will increase financial inclusion throughout Egypt.

Kaspersky expands its Cyber Immune offering for Internet of Things protection

Kaspersky IoT Secure Gateway 1000 is the company’s latest Cyber Immune product for organisations embracing digital transformation, helping them to accelerate business value from new streams of industrial data. The gateway connects IoT devices and controllers with business applications and cloud platforms. It then ensures the security of these interactions and the data transferring through them due to the secure KasperskyOS in the gateway’s core and its network attack protection capabilities. 

Stanbic IBTC Supports Digital Trade Payment Solution with First Outbound PAPSS Transaction

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, completed the first outbound and inbound transaction on the Pan-African Payment and Settlement System (PAPSS) platform in Nigeria.

Friday 7 October 2022

GITEX GLOBAL 2022 takes over Dubai with a special focus on African tech ecosystem

The global digital economy is in full velocity mode, embracing the return of the world’s largest, most inclusive tech and start-up event, which opens next week in Dubai with unrivalled record capacity, its continued expansion fuelling the installation of three additional sold-out halls at the Dubai World Trade Centre.

Rite Foods Marks Customer Service Week with Refreshing Brands of Unique Flavours

Rite Foods Limited, a Truly World-Class and Proudly Nigerian company in the food and beverage industry, has joined other organisations around the globe in marking this year's Customer Service Week with unparalleled brands that cater to the needs and preferences of the various demographics that constitute its consumers.

Meta Hosts XR Exhibition to Showcase Winners of the Future Africa Grant for Extended Reality Creators

Meta has unveiled an exclusive XR exhibition featuring the six finalists from the ‘Future Africa: Telling Stories, Building Worlds’ programme, focused on supporting the next generation of Extended Reality (XR) creators in Africa. Developed in partnership with Africa No Filter, Electric South and Imisi 3D this forms part of Meta’s XR Programs and Research investment into XR talents across Africa.

Tuesday 4 October 2022

mPharma Launches Hypertension Test and Treat Program to Control Hypertension in Africa

To celebrate world heart day, mPharma launched the Hypertension Test and Treat program (HTT) to support the prevention and control of hypertension in Africa. Heart disease is one of the greatest causes of premature death in Africa. 

Monday 3 October 2022

Africa Film Academy: Epe Class Premieres 'Long Walk To Forever'

The excited faces and applause at the Lagos Theatre in Epe, Lagos, could pass for A-list acts performing on the big screen. However, the noise was made by family members, friends, parents, and classmates from the Epe class of the Africa Film Academy (AFA) film project - Film in a Box - as they premiered their 10-minute short film, Long Walk To Forever.

Insight Publicis, Leo Burnett, Quadrant MSL, Shine at the 2022 Marketing Edge Awards

The Insight Redefini companies- Insight Publicis, Leo Burnett and Quadrant MSL came up top at the recently held 2022 MarketingEdge Awards at Harbour Point, Victoria Island Lagos.

Oyeyimika, Solape, Babaeko, Others To Speak At WIMCA 2022

The Managing Director of Cadbury Nigeria Plc, Oyeyimika Adeboye is set to deliver the keynote paper at the sixth edition of the Women In Marketing and Communications Conference/Awards (WIMCA) scheduled to hold on Friday, 7th October at the prestigious Landmark Event Centre, Lagos at 9 am prompt.

Talk360 extends seed funding to $7 million

International calling app Talk360 has announced that it has secured an additional $3 million in seed round funding, taking its total seed round to $7 million after its first closing in May. The funds will help the company grow its market share in South Africa, drive its growth on the rest of the continent and launch its market first pan-African payment platform in 2023.

Visa Promotes Financial Literacy With “Financial Football 2.0”

It's less than 50 days to the FIFA World Cup! Visa, the official payment technology partner of FIFA, has announced the launched of a new version of the educational video game “Financial Football”, an educational video game that combines financial education and entertainment in one dynamic virtual game.

Martha Alade, Manal Amin, 6 Others Make the List of the 2022 AWIEF Award Winners

The African Women Innovation and Entrepreneurship and Forum (AWIEF) has announced the winners of the 2022 edition of its awards. The winners were were announced on Tuesday at a ceremony on the rooftop of The Nile Ritz-Carlton, Cairo, Egypt.

NNPC acquires Oando’s OVH Energy

Nigeria’s NNPC Limited announced that it has acquired OVH Energy Marketing (OVH), owner and operator of the Oando branded retail service stations and ASPM Limited, custodians of the Lagos Midstream Jetty.