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Wednesday, 20 November 2013

Samsung Gets ISO 50001 Certification For All Its Business

Posted on 02:36 by Unknown


Global electronics giant, Samsung has been awarded the international energy standard, ISO 50001 certification, for all its foreign and domestic business sites as a result of its commitment to energy efficiency and the reduction of greenhouse gas emissions across its entire business by 57 percent since 2008.

The ISO 50001 is an international-certified energy management system that stipulates processes and procedures for energy reduction in planning, execution and operation.

Samsung Electronics’ site in Gumi was the first to receive the certification in July 2011 and later in July 2012 all six business sites in Korea had been awarded. That was two years after introducing the standard which was established in June 2011 by the International Organisation for Standardisation.

Speaking on the new achievement, Director of Corporate Marketing and Communications at Samsung South Africa, Michelle Potgieter in a statement released by the company said, “The ISO 50001 certification is a testament to our commitment to reducing greenhouse gas emissions across the company. We are especially proud that Samsung South Africa is also contributing to energy reduction, both in its internal and external environment.”

In 2012, Samsung SA was the first South African Consumer Electronics brand to have taken the 49M pledge which commits the organisation to energy efficiency through its product line and the environment in which it operates. This initiative aligns the brand to a government endorsed programme that aims to encourage a national culture of energy saving.

The recently introduced Samsung Digital Village, the first of its kind in Africa , is a complete solar digital offering which supports the drive to reduce greenhouse gas emissions across the business.

By capitalising on the sun’s energy, this solution has been developed for both rural villages without power and urban neighbourhoods that are subjected to fluctuating electricity supply.

This unique offering includes a complete education system infrastructure, power generation for small business enablement, a tele-medical centre for quick and accurate diagnoses, a health centre and basic lighting solution all developed to reduce the reliance on electricity.

Potgieter promised that Samsung will “continue to lead the way for energy management and plans to further reduce greenhouse gas emissions by systematically identifying and addressing factors that result in energy waste, utilise renewable and environmentally friendly resource and continue to implement policies that ensure that a low-carbon footprint is not only maintained, but reduced.”

Meanwhile, the Korean electronics said it will be partnering with Miss Earth South Africa as the brand ambassador for all its eco-friendly products, to educate South Africans of the benefits of using green technologies and practices to save energy, optimises water usage and contributes to a sustainable environment.


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Honeywell Flour Mills Invests $63m To Increase Capacity By 62%

Posted on 02:34 by Unknown



Nigerian Stock Exchange listed indigenous miller, Honeywell Flour Mills Plc has announced the completion of its Apapa factory expansion with two additional mills estimated at N10bn ($63 million).

Honeywell had announced early this year that it is currently investing over N10 billion (about $65 million) in a state-of-the art twin mill facility, at its current site in Apapa, Lagos, with combined capacity of 1,000MT/day to enable it meet growing demand for its range of products. 

Company founder and former President of the Nigerian Stock Exchange, Dr. Oba Otudeko said the project to realise a 1000 metric-tonnes-per-day increase in milling capacity by the company was completed around March 2013, which he said, had taken the milling capacity to 2,610mt/day.

The new mill will fuel the Company’s product diversification strategy that started with the expansion into Noodles and Pasta through HFMP’s wholly owned subsidiary, Honeywell Superfine Foods Plc.

Executive Vice-Chairman of the company, Babatunde Odunayo in a statement released by the company said the expansion had increased its production capacity by about 62 per cent to be able to meet the increasing demand for its products.

Odunayo said the new investment would lead to business growth and more profits for customers; adding that the expansion project also included the completion of a-first-of-its-kind automated warehouse in Nigeria.

At its 4th annual general meeting (AGM) held in September, Honeywell announced a N1.3 billion ($8.2m) dividend recommended by the board of directors which translates to 16 kobo per share.

Its Profit after tax rose from N2.7 billion to N2.84 billion, while shareholders’ funds and total assets increased by nine per cent and 16 per cent to N19 billion and N55 billion respectively.

Its revenue also increased by 20 per cent from N38 billion to N46 billion.

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Wednesday, 6 November 2013

African Business Magazine Releases Survey of Africa's Most Valuable Brands

Posted on 19:10 by Unknown



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African Business magazine in partnership with brand Africa, Brand Finance Africa and TNS release the full results of their exclusive survey highlighting a full listing of Africa's most valuable brands.

As revealed last month at the African Business Awards, an awards ceremony organised by African Business magazine, Brand Africa awarded MTN and Coca Cola the prize for the best brands in Africa.

In the November issue of pan-African monthly African Business, for the first time, the full findings of a survey conducted by Brand Africa in partnership with Brand Finance Africa and TNS are exclusively listed by category and country.

Africa's most valuable brands are dominated by South African brands, MTN, and three retailers: Woolworths, Shoprite and Pick n Pay. The Nigerian Globacom comes in at number five with two drinks companies taking the next two spots, Castle beer and Tusker.

The survey was conducted in two parts – one studies the most admired brands on the continent and the other looks at the most valuable brands operating in Africa.

One surprising finding is that brands originating in Africa are not only holding their own against international household names, but in some instances outperforming international brands. While brands such as Nike and MTN rule the roost, the high placing of expensive brands such as Rolex reflects the growing trend in Africa towards the high-end of the luxury market.


The rankings published by African Business have major implications as they demonstrate why some brands are regarded more highly than others by consumers. The information has been welcomed not only by the brands and brand architects but also by shareholders, investors, marketers, advertising agencies, consumer groups and the media as they provide an easily navigable chart of the current state of the consumer market in Africa.


Press Release
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East Africa Exchange (Eax) Concludes 1st Regional Trade Auction Of Maize On Nasdaq Platform

Posted on 19:00 by Unknown

heirs-holdings.jpg



KIGALI, Rwanda, November 5, 2013/ -- The recently operational East Africa Exchange (EAX) (http://www.africaexchange.com) concluded the first regional trade auction from its Rwanda head office, successfully selling 50 metric tons of maize at 398 USD per metric ton between a Ugandan seller and Rwanda buyer. The auction took EAX one step closer to its ambition to create “one African market” and has given further credence to the importance of regional commodity trading.

EAX is owned by African Exchange Holdings (AFEX) which was formed by Tony Elumelu's Heirs Holdings (http://www.heirsholdings.com), Berggruen Holdings and 50 Ventures to develop a network of commodity exchanges across Africa to transform trade dynamics and ensure higher incomes for the rural poor. EAX, the first AFEX exchange is the first regional commodities exchange established to link smallholder farmers with agricultural and financial markets, secure competitive prices for their products and facilitate access to financing opportunities.

AFEX Chairman Tony O. Elumelu, CON, said, “East Africa Exchange’s successful first auction is a powerful demonstration of the tremendous value that can be unlocked through this platform. EAX will continue to advance the competitiveness and integration of East Africa’s agricultural markets, as well as bringing tangible improvements to the lives of the region’s farmers. We are looking to replicate this impact in many countries across Africa.”
With a brand new trading platform, powered by NASDAQ, the East Africa Exchange (EAX) has big plans to transform the way small farmers and traders do business within the East African region and beyond. It will provide global market access to local farmers through proven technology.

In the days prior to this first auction, local traders were required to visit EAX offices and undergo training on the NASDAQ OMX electronic trading platform. Over the past four months, the EAX has trained over 50 local and regional traders on the new technology.
 The exchange will be a marketplace offering price transparency and wider market access to farmers from across East Africa and beyond.



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Worldwide Online Premiere Of The Movie "Lust" Holds This Friday

Posted on 18:55 by Unknown


Big Picture Entertainment in collaboration with DoboxTV proudly presents the world premiere of the movie titled "LUST" on November 8, 2013 on a mobile platform and online. This release is the first of its kind and would be downloaded via phones, tablets, laptops and other internet powered devices.

Subsequent to the advancement in technology and the revolution of digital downloads, Big Picture Entertainment deemed it fit to launch her movie "LUST" on a mobile platform that will be available to audiences the world over. DoboxTV would serve as the platform to ensure seamless and un-interrupted downloads.

"LUST" was shot in various locations in Northern Nigeria . It is the story of love gone sour as a result of Babatunde (Wole Ojo) cheating on his bride to be Alero (Taiwo Aromokun).  Her despair leads her to find solace in the arms of Hamza (Sanni Danja), an ordinary farm boy working for Babatunde’s parents. With Babatunde’s mom determined to make Alero her daughter-in-law by all means, a story of pride, jealousy, intrigue and the outcome of a mother's ruthless determination unfolds.

Production credit goes to Kunle Abiola-Ige and Taiwo Aromokun. 

The movie was directed by the award winning director Toka Mcbaror and the cast includes Wole Ojo,Taiwo Aromokun and Sanni Danja. The soundtrack credits go to Le’mmon ,Yeka (Nigerian Idol Season one winner), Oshmann and Limelite records. All songs produced by Timothy King (TK).

MOVIE TRAILER: http://www.youtube.com/watch?v=L28Uq96SKA8

For more information: www.dobox.tv/lust.



Press Release
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Tuesday, 15 October 2013

Lamido Sanusi Clinch Africa’s Central Bank Governor of the Year Title For The Third Consecutive Time

Posted on 23:17 by Unknown


For the third consecutive time, Nigeria’s Central Bank Governor, Sanusi Lamido Sanusi has been awarded the “Central Bank Governor of the Year for the Sub-Saharan Africa” by international organisation, Emerging Magazine.

The award was presented on the sideline of the annual World Bank/IMF Meeting in Washington which features Central bank Governors and Finance Minister from across the globe.

Sanusi was awarded the Central Bank Governor of the year based on his outstanding performance in driving down inflation from double digit to single digit of about 8 percent.

Managing Director Emerging Magazine, John Orchard said Sanusi has consistently pursued and successfully maintained macro-economic stability amid the arduous challenges confronting the Nigerian economy.

Sanusi who have been able to successfully stabilize inflation rate over the years was appointed as the CBN Governor in June 2009 during a non-performing loan crisis that threatened to cripple the Nigerian banking sector.

Aside this recent award, Sanusi has several accolades to attest to his work as the leader of Nigeria’s apex bank. In May this year, Lamido Sanusi was named “African Central Bank Governor of the year” by African Banker Magazine for the third consecutive time. He was also awarded CBN Governor of the year by London-based Banker Magazine for his radical and corruption campaign in 2011.

Nigeria Ambassador to the US, Adebowale Adefuye said the award shows the international community’s confidence in Nigeria’s community and Sanusi’s professionalism on the job.

Sanusi in his address attributed the achievement to the CBN staff as well as the transformation reform embarked on by the Federal Government of Nigeria in various sectors of the economy.

“It is a great honour for me because this is going to be my last meeting. I thank all my colleagues for their support and the government for the confidence reposed in me.”

“We have worked day and night through the banking crisis and now we are working towards stability, financial inclusion and payment system transformation,” Sanusi said.

Sanusi will quit as the CBN Governor in 2014.  He has made his intention not to renew his 5 years contract known early this year.


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Monday, 7 October 2013

20 Irish Firms To Invest In Nigeria

Posted on 23:37 by Unknown


To further increase it bi-lateral trade relations with Nigeria, Irish High Commissioner to Nigeria Ambassador Patrick Fay said about 20 Irish companies would soon invest in Nigeria.

Speaking at the recent launch of Irish Mayor - a cream Liqueur created by the first elected Black Mayor in Ireland, Mr Rotimi Adebari- in Abuja, Fay said Irish Minister for Trade and Development would, in November 2013, lead a trade delegation to Nigeria to enhance the economic ties between Nigeria and Ireland.

The Irish delegations would be in Abuja to meet with Nigeria’s Minister of trade and investment, Olusegun Aganga to explore investment possibilities areas.

“We are trying to develop the link and make it stronger. To do that, we are working closely with the Nigerian Ambassador in Dublin and the Department of Foreign Affairs to work together to develop our trade,” he said

Ireland wants to establish firms in Nigeria to stimulate trade between both countries so as to diversify solely from oil imports which make up the bulk of its trade with Nigeria.

Nigeria’s trade with Ireland rose to e350m. This includes Ireland’s export to Nigeria at e5om and an import of e300m.


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Wednesday, 18 September 2013

The Jobberman Story: Interview With Jobberman Co-Founder, Opeyemi Awoyemi

Posted on 13:40 by Unknown

Globally, the trend of unemployment is an issue that often pose a major concern. While it has become a threat to socio-economic peace and stability in Africa; In Nigeria, the continent’s most populous nation, it is one of the most worrying socio-economic incidence.

Yet, a recent report released by the International Labour Organisation, "repairing the economic and social fabric", warned that the number of globally unemployed persons could rise to 208 million by 2015, up from 200 million today.

A report recently released by the World Bank states that 56 per cent of the youths in Nigeria are unemployed.

On this note, three Nigerians- Opeyemi Awoyemi (25), Olalekan Olude (29) and Ayodeji Adewunmi (29), in 2009 during their undergraduate years at the Obafemi Awolowo University created a job website, Jobberman, where graduates can submit their Curriculum Vitae and get information about available jobs in Nigeria. 

Today, they have the bragging right as West Africa most popular job search engine and have the bragging rights as the No1 online job search engine in Nigeria. According to alexa.com, 
Jobberman is the fifth most visited site in Nigeria.

The company has since moved into Ghana, Nigeria’s close neighboring country and they have also achieved commendable success there, having attained the second most visited website in the country.

I spoke to one of the founders of Jobberman, Opeyemi Awokoya on behalf of Ventures Africa Magazine on the idea behind the business, their achievements and what they have learnt so far since they have started the business. He also gave tips on what is expected of job seekers/applicants and then shed light on some of the pressing issues encountered by the organisation.

Kindly introduce yourself to the readers
Opeyemi Awoyemi, 25, Technology Entrepreneur. I am presently focused on building Africa’s largest jobs website. I am also passionate about scalable and commercially viable products that stand the test of time and markets. I love Africa.


What inspired the founders of Jobberman to create a job website? Why did you venture into the business?
We saw a huge vacuum that could be filled with the tools provided by Technology. The idea to provide a solution to the problem of job search using technology and the power of the internet came to our heads and we decided to build a business out of the idea; providing the widest pool of talent available in Nigeria to employers.
We wanted the space to be creative. The goal at the time my partners and I started the business was to create a service that could impact on Nigerians; a business that was viable and could be used by millions of people.


What is Jobberman? Why do you choose to use the name?
Jobberman is a solution to the problem of job search. It’s an internet business which provides the widest pool of talent available in Nigeria to employers.
Four years ago, if you needed a job, you had to go around physically to offices dropping your CVs, or buy a physical newspaper to see the jobs available in town. Jobberman was at the forefront of making jobs info available as well as making job applications as simple as possible.
Today, Jobberman is the platform (print and online combined) with the highest number of jobs and jobseekers in West Africa.
As for the name, a friend suggested the name and it sounded cool and we decided to use it.

You established Jobberman as an undergraduate; did you foresee the acceptance you have now from the inception?
Our risk appetite was high. We were willing to go all the way in achieving our set objectives. We understood that it would take a lot of risk, notwithstanding in our own opinion, the barriers were low – all that was needed was hard work and relentlessness; we knew that if we continued delivering value we would garner a lot of acceptance.
Of course we weren’t sure 100 percent; every new day in business was a miracle.


How is the site funded? 
Funding came at first from our stipends, money from family and friends and other pools of other fund.
In December 2009, Chika Nwobi of L5Lab approached the team and we finally met in January 2010 after which we entered into a strategic equity partnership.
In August 2010, after about a year of starting the company, Tiger Global (portfolio includes LinkedIn and Facebook) invested a million dollars in the business.


You operate mainly in Ghana and Nigeria; any plan for expansion into other parts of the continent? How do you manage the present ones?
Yes, we do have plans for expansion into other parts of the continent; it takes time and lot of planning if you really want to win. We do have offices in Lagos, Nigeria and Accra, Ghana where operations for the countries are managed. Technology is however centralized – from Lagos, Nigeria.


What has been the acceptance like in Ghana?
Awesome, I must say. Jobberman Ghana is the second most visited website in Ghana. We achieved this by going local, understanding the Ghanaian market and job seeking culture and this helped a lot.


What’s presently your staff strength?
We have a staff strength of about 60 awesome people.


Approximately, how many companies do you liaise with to get applications posted on your website?
More than 7000 companies at the moment, and we’ve not peaked yet. This keeps growing every day.

Aside posting job applications on website, does Jobberman have additional service it renders?
Our objective is to be the destination place for Employers and companies to get the right people. For companies, we offer a fully featured Applicant Tracking System which allows in-CV searching, resume database search and communication tools.
We also provide Career Services to candidates - they are able to request for an appraisal or makeover of their CVs and help with cover letters.
Since Jobberman was created in 2009, has there been a wrong move that you have made that could have caused a setback for the business? If yes, what was it and how did you manage the situation?
If you say setback, I will say none. There are steps (internal and externally) that we’ve taken and had to retract. We’re a start-up and being nimble and swift has helped us to make these mistakes and correct them as quickly as possible.

There has been complain by members of the public about the addition of premiums to your service or offer; why is Jobberman introducing premium payments knowing that your target audiences are job seekers who peradventure cannot afford to pay? And how does this premium service operate?
Premium Membership was an upsell to or Free/Basic service. A premium member had access to view more data about companies as well as apply for unlimited jobs on the website. Free members were limited to a number of jobs.
What we’ve discovered is that clear communication is very important in Africa as people do a lot of “surface” conclusions. We have since improved on the communication bit and increased the number of applications free users can get.
This I believe, saying jobseekers cannot afford to pay for a service is erroneous and misleading. Airtime, Transport, Internet Access -all these are paid for. It should also be noted that over 80 percent of users on Jobberman are employed people looking for better opportunities out there.
I think the focus should be on the value they get from the Premium in comparison to the Basic/Free service.
We have also made advertising of vacancies free for companies so that there will be no inhibitions to job seekers gaining access to all the jobs.


Hotnigeriajob accused Jobberman of imitating its job advert with impunity; what is Jobberman’s defence to this accusation? 
All advertisers on Jobberman are spoken to by Jobberman sales staff. Quite often, an advertiser will ask us to use existing copy of a particular vacancy from their website, HR system or another source on the internet to make it easy for them.
Like all sales organisations, individuals in the sales team are incentivised to find new sales leads for new customers. The team definitely look at other local job websites, although we do not have any express policy around this. This is common practice by all websites in our space and pretty much any sales organisation anywhere.
I would suggest you ask HotNigerianJobs to confirm that they have never copied a single job advert from another source in this way, or looked at any other website to find new customers.
They also express in the article that they are OK with Jobberman reposting their ads - even though that is not our policy - but don't like us charging jobseekers for those jobs. This is also totally misleading, since Jobberman jobseekers can use the site for free up to a certain cap.
Our attempts to reach out to them have proved fruitless (the site has no address or contact details), and it is unfortunate that they are not able to just pick up the phone to resolve such an issue rather than trying to use the media to try get some mileage out of it.


So, why do you think social entrepreneurs fail and what does it take to be a successful social entrepreneur?
You need to know where your ROI will come from. Lot of social entrepreneurs fail because they do not fully define the goals and metrics of the business. If you are not going to make profit, then you need donors not investors. To get donors, you must be making ultra-massive impact in a way that helps the donor’s PR or intent.
Social entrepreneurship is measured by the impact of a social change achieved and when impact is difficult to measure failure is imminent.


You have the bragging right as the business that redefines online recruitment in Nigeria, what is the company doing at the moment to sustain the Jobberman brand as the No1 online job search engine in Nigeria?
We are continuously working on our products to make sure that they deliver more value to our users. We’ve also intensified in our partnership efforts to make the brand more visible across the country. Key initiatives are going on in conjunction with the biggest brands in Nigeria in media, telecommunications, non-profits and the Federal and State Governments at different levels/capacities.


How do you keep up with competitors with so many job sites springing up? What is the competitive advantage Jobberman have over other website that will keep it going as a leader among its peers?
Solid management team, knowledgeable institutional investors who are veterans in the global job space, already established brand. I think what is important now is for us to continue to deliver superior value. As they say, “just don’t mess it up”.


Jobberman was recently represented at the Nigerian Blogger fair. How do you think bloggers can blog profitably?
Most blogs will never be profitable, this is a fact. However, profitability will increase generally over time with increase in quantity and quality of online traffic in the Nigerian internet space.
I think bloggers need to choose niches and stick with it as well.
At the moment, there are only a few outliers, LindaIkeji, BellaNaija, OMG et al; so it’s a time, chance and demography game.


How do you think investors can help tech startups in Nigeria?
Cash first. Business knowledge follows. Any other thing is more yadayada than real stuff.


Will you say tech startups are finding it easier now than when you started your business in 2009?
It has become more difficult than it was in 2009. The entrants in the tech start ups have increased geometrically. It is definitely difficult to build say... another Jumia or Jobberman now. But opportunities abound for people with original and innovative ideas. I personally would love to see less of websites offering basic stuff and more of paid services and software-hardware hybrid projects.


What do you think job seekers/applicants are doing wrong which they need to correct to make their CV look more favourable?
My advice to jobseekers:  There are thousands of people like you out there. Don’t just list your educational qualifications. Sell your skills and uniqueness to employers in your CV. Mention things you’ve done. Add growth numbers or anything that shows how much of a superstar you are. Let your CV look professional, search online for samples or let a good CV writer help you out.


What do you think should be the paramount thing to remember/do in a job interview?
Know as much as you can about the company, their business model and the role you’re applying for. Be confident and communicate clearly. You should also be objective with your answers to questions; recruiters dislike those who beat around subject matters.


If you are to devise a logical means that will help tackle unemployment rate in Nigeria; what will that be?
I will quote Governor Fashola of Lagos State here - The ultimate answer to finding a solution to unemployment and joblessness lies in three simple words which is “Made in Nigeria” as no other nation has done it another way.
So to get to "Made in Nigeria", we must innovate and be creative. Innovation requires us to start looking for new and more efficient ways of doing the same thing. Creativity is the hand maid of innovation which suggests we must develop things for ourselves.


Where do you see Jobberman at the end of this decade?
I see Jobberman becoming the #1 recruitment destination in Africa – online or offline – in terms of revenue, jobseekers, employers and traffic. I also see a truly respected pan-African Internet franchise.

Thank you, Opeyemi. Good luck in your endeavours.


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Friday, 13 September 2013

Co-CEO of Africa Internet Holding, Sacha Poignonnec On Doing Business In Africa

Posted on 08:29 by Unknown


 Jumia Africa Global CEO's Jeremy Hodara and Sacha Poignonnec.


Insight into Africa Internet Holding:

Africa Internet Holding (AIH) is a joint venture between Berlin headquartered internet incubator Rocket Internet and telecoms operator Millicom International Cellular which quickly gaining footings on the continent. It has since launched in nine African countries namely: Nigeria, Uganda, Senegal, Morocco, Tunisia, South Africa, Kenya and Ghana.
The company portfolios include online retailer Jumia, online food ordering site Hellofood, real estate portal Vamido, hotel booking site Jovago, car classified website Carmido, online marketplace Kaymu and taxi booking platform Easy Taxi.
Meanwhile, Sacha Poignonnec, the co-CEO of Africa Internet Holding was recently featured on How we made it in Africa and here is what he has to say about doing business in Africa:  

#On Africa e-commerce, Poignonnec says:

“We believe in Africa. We believe that e-commerce is going to leapfrog lots of traditional businesses. The opportunity is here.”

Challenge:
According to Poignonnec, the biggest challenge AIH faces is accessing talent.
“Is the challenge bigger than in the US or in the UK? I don’t think so. Talent is one of the scarcest resources everywhere. We are very well positioned because our value proposition as a company for someone who wants to work is very appealing. You work in an entrepreneurial setup yet it’s very structured; you work with experienced people who have knowledge and reasonable ambition.”

Market Comparison:

Poignonnec says international companies expanding into Africa not to assume things work the same way in all 54 countries.

“Africa is the most diverse continent in terms of culture, in terms of religion, in terms of consumer behaviour [and] businesses practices. The first thing is to accept there is no one-size-fits-all solution.”

“Nigeria is the biggest country [in Africa by population] but there are some great surprises. We launched Jumia in Ivory Coast [which is] a 25m people country [and] is not the richest, but it is taking off faster than Nigeria.”
The firm however plans to expand into Ethiopia, the Democratic Republic of Congo, Angola and Algeria.

Why these countries:

“[Ethiopia has] 80m people who are buying products, eating food, looking for houses , looking for cars, taking taxis… that is a market for me. There are many large corporations that are starting to invest in Ethiopia. I think it is a great market,” says Poignonnec.

“Congo is quite stable. I think the degree of instability [is low]. We are in Egypt at the moment. Is Egypt stable? Well, no, but if you step back and take the very big picture into perspective… people are eating every day, they are driving their cars and buying items, that is what we do, we are not extracting oil.”

Consumer Taste

“The Kenyan consumer is different [from] the Nigerian consumer. Everyone knows that the consumer class is growing in Africa, but in terms of their tastes, it really differs from one country to the next. I think it would be very ignorant of us to come into Africa with one approach. You need to have local flavour, you need to understand the market,” says CEO of Vamido Kenya Aneesa Arshad.
Competitors:

How we made it in Africa says the firm’s aggressive expansion across Africa comes as a threat to local startups run by individual entrepreneurs. Its closest rival is South African-based multinational media company Naspers which invested in classifieds site OLX.
But Poignonnec says:
“We spend more time looking at what we need to do to better serve our customers rather than looking at what the competition is doing. I don’t know what their strategy is.”
“We have an approach where we follow the market and we adapt our strategy to the adoption of the different services we are providing. We are growing with the market, not forcing the market. We have a long-term strategy.”

The Future:
AIH plans to expand into new markets.

“We want to be ahead of the way, but not too far ahead or too far behind. That is a challenge but it is a good one,” the AIH boss said.

“We want to have a clear horizon to reach profitability. Facebook, after one year, could have stopped growing and become profitable. It’s better to keep growing. Do we want to be profitable one day? Yes, but we want to be profitable once we have grown enough. It is a strategic decision.”


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Spur To Whet Africa’s Growing Fast Food Appetite With More Restaurant

Posted on 08:25 by Unknown


Spur's Famous Pork Spare Ribs

Spur Corporation CEO, Pierre van Tonder, on Thursday said plans are underway to expand its South African fast-food chain business, Captain DoRegos, across the rest of the country.

Spur, which also owns Panarottis and John Dory’s, hopes to ratchet up its presence in the fast-food quick service restaurants (QSR) business.

"We think we can increase the chain from the current base of 75 stores to between 120 and 130 by expanding into the Western Cape, KwaZulu-Natal and Mpumalanga markets in the next five years," van Tonder said.

"We are also looking at Maputo, Gabarone and other African opportunities," he added.

The company is also looking forward to grow into the rest of the African market, having opened in Namibia and Mauritius. It plans to open 26 new restaurants in the next 12-18 months in Nigeria, Zambia, Namibia, Mozambique, Swaziland, Tanzania and the Seychelles.

Pierre van Tonder had hinted that hotel, supermarket and retail development has been one of the major factors driving expansion.

Spur bought the Captain DoRegos — which specialises in "value-orientated" take-away fare such as chicken, seafood and burgers in May 2012 for R30m.

Captain DoRegos, under Spur, generated restaurant sales of R191m and franchise fees of R9m. The franchise also contributed immensely (R73m) to Spur’s manufacturing and distribution center sales revenue of about 50 percent to R214m in the year to end June.

Spur CEO hopes this contribution will continue to grow in years to come with 11 new Captain DoRegos outlets opened during the financial year and another seven scheduled for opening in the first half of the new financial year.



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Fanisi Capital Invest in Kenyan Pharmacy Chain

Posted on 08:23 by Unknown

Pharmacy Four Walls Branding

Fanisi Capital, managers of theFanisi Venture Capital Fund, a USD50m fund investing in the East African region, has announced its acquisition of a significant stake in retail pharmacy chain Haltons Limited for up to USD3m (KES255m). Haltons operates four retail outlets within Nairobi and has plans to expand its portfolio to over 100 outlets in key towns in Kenya including Mombasa, Nakuru, Nyeri, Eldoret and Kisumu over the next two years.

Fanisi Capital Managing Partner AyisiMakatiani says the investment will give Haltons scale to expand its business. ‘The partnership with Fanisi will provide the impetus needed to take Haltons through this growth path , establishing itself as a strongchain of branded pharmacies. This is expected to make a positive contribution to the immediate community in the areas of health and economic development,’ said Makatiani.

Haltons CEO Louis Machogu said the deal with Fanisi was the beginning of a concerted drive to reposition the Haltons brand. ‘Haltons plans to differentiate itself as a strong brand that will meet both the customer service needs in terms of availability of products and quality service while maintaining competitive pricing. We focus on quality products and maintaining customer loyalty.’Makatiani hailed the deal, citing the entrepreneurial spirit at Haltons as a defining trait of the business. ‘We are supporting a zealous and passionate entrepreneur by helping transform their business,’ he said.

This acquisition by Fanisi, the second in the pharmaceutical industry after it bought a stake in Sophar Limited, a Rwanda-based pharmaceutical wholesaler early this year, will deepen the fund’s participation in the regional healthcare sector.

Fanisi has made strides in the healthcare sector with its first investment in Rwanda. This being our second investment in the pharmaceutical space, Fanisi has secured a good combination in the retail and pharmaceuticals space,’ explained Makatiani.‘Fanisi has made strides in the healthcare sector with its first investment in Rwanda. This being our second investment in the pharmaceutical space, Fanisi has secured a good combination in the retail and pharmaceuticals space,’ explained Makatiani.


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Ghana To Hold 2nd African Women in Film Forum (AWIFF)

Posted on 08:20 by Unknown



Gold coast country, Ghana is set to hold the second African Women in Film Forum (AWIFF) in Accra from September 23 to September 25, 2013 in an event that will feature some of Africa’s most exciting filmmakers, cultural producers and scriptwriters

The event will be organised by the African Women’s Development Fund (AWDF) in partnership with Alliance Française Accra, Brand Woman Africa, National Film and Television Institute (NAFTI), Institut Francais and the Lufodo Academy of Performing Arts in Nigeria. 


The theme for this year’s AWIFF is Creating Compelling Social Justice Content for Film and Television.

Speakers include Ade Solanke, who wrote the screenplay for Nigerian director Tunde Kelani's forthcoming film, Dazzling Mirage; Akosua Adoma Owusu, Director of KWAKU ANANSE; Amaka Igwe who has to her credit production of over 400 hours of TV programming and movies; and Anita Erskine, Host of Making of a Mogul.

Other speakers at the three-day event are, Dr Beti Ellerson, Assistant Professor at Denison University; Dr Sionne Neely, Knowledge Management Specialist at AWDF; Dr Yaba Blay, Assistant Teaching Professor of Africana Studies at Drexel University and Consulting Producer for CNN’s Black in America 5 – Who is Black in America?; François d'Artemare, Founder of Les Films de l'Après-Midi; Korkor Amarteifio, Associate Director of the Institute for Music and Development; and Kwaw Ansah, Director of Love Brewed in the African Pot.

The rest are, Lodi Matsetela, script writer and producer of Society, originally flighted on South African Broadcasting Corporation (SABC); Prof. Linus Abraham, Rector of NAFTI; Sarah Bouyain, Director of Notre Etrangere/The Place in Between; Sarah Mukasa, Director of Programmes, AWDF; Sefi Atta, playwright and author of Everything Good Will Come; Stéphanie Soleansky, Cultural Affairs Attaché at Institut Français du Ghana; Tsitsi Dangarembga, author of Nervous Conditions; Vicentia Akwetey, Dean of Studies, NAFTI and YabaBadoe, Director and Co-Producer of The Witches of Gambaga.

Nana Darkoa Sekyiamah, Communications Specialist at AWDF said in statement that, “The general public in Accra, Ghana can participate in the AWIFF by attending the free film festival. On the 23rd of September we will be screening On The Border by Tsitsi Dangarembga and The Witches of Gambaga by Yaba Badoe at Alliance Française Accra from 6pm." 

"On the 24th of September we will be screening Perished Diamonds by Anita Afonu and Notre Etrangere/The Place in Between by Sarah Bouyain at NAFTI from 6pm," she added. 

According to Nana Darkoa Sekyiamah, both Screenings will be followed by a question and answer session between Anita Erskine of Brand Woman Africa, and the filmmakers.


Film festival schedule
Date: Monday 23rd September 2013
Film screenings: The Witches of Gambaga by Yaba Badoe and On the Border by Tsitsi Dangarembga
Venue: Alliance Francaise (Accra),
Time: 6pm

Date: Tuesday 24th September 2013
Film screenings: Perished Diamonds by Anita Afonu and Notre Etrangere/The Place in Between with Sarah Bouyain
Venue: NAFTI
Time: 6pm
Filmmakers based in Ghana who wish to participate in the AWIFF can email specialprograms@awdf.org for more information



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