How To Discipline Your Child The Smart And Healthy Way

There comes a time when every parent struggles with how best to discipline their child. Whether dealing with a screaming toddler or an angry teen, it can be hard to control your temper.

No parent wants to find themselves in such a situation and the bottom line is that shouting and physical violence never help.

Thankfully, there are other, more effective ways and one of them is positive discipline. We consulted Lucie Cluver, Oxford University professor of Child and Family Social Work and mother of two young boys, to explore how the approach can help parents build positive relationships with their children and teach skills like responsibility, cooperation and self-discipline.

Why positive discipline?

“Parents don’t want to shout or hit their kids. We do it because we’re stressed and don’t see another way,” says Professor Cluver.

How To Discipline Your Child The Smart And Halthy Way-Brand Spur Nigeria
How To Discipline Your Child The Smart And Halthy Way-Brand Spur Nigeria

The evidence is clear: shouting and hitting simply do not work and can do more harm than good in the long run. Repeated shouting and hitting can even adversely impact a child’s entire life. The continued “toxic stress” it creates can lead to a host of negative outcomes like higher chances of school dropout, depression, drug use, suicide and heart disease.

“It’s like saying: here’s this medicine, it’s not going to help you and it’s going to make you sick,” says Professor Cluver. “When we know something doesn’t work, that’s a pretty good reason to look for a different approach.”

Rather than punishment and what not to do, the positive discipline approach puts an emphasis on developing a healthy relationship with your child and setting expectations around behaviour. The good news for every parent is it works and here’s how you can start putting it into practice:

1. Plan 1-on-1 time

One-on-one time is important for building any good relationship and even more so with your children. “It can be 20 minutes a day. Or even 5 minutes. You can combine it with something like washing dishes together while you sing a song or chatting while you’re hanging out the washing,” says Professor Cluver. “What’s really important is that you focus on your child. So, you turn your TV off, you turn your phone off, you get to their level and it’s you and them.”

2. Praise the positives

As parents we often focus on our children’s bad behaviour and call it out. Children may read this as a way to get your attention, perpetuating poor conduct rather than putting a stop to it.

Children thrive on praise. It makes them feel loved and special. “Watch out for when they’re doing something good and praise them, even if that thing is just playing for five minutes with their sibling,” recommends Professor Cluver. “This can encourage good behaviour and reduce the need for discipline.”

3. Set clear expectations

“Telling your child exactly what you want them to do is much more effective than telling them what not to do,” says Professor Cluver. “When you ask a child to not make a mess, or to be good, they don’t necessarily understand what they’re required to do.” Clear instructions like “Please pick up all of your toys and put them in the box” set a clear expectation and increase the likelihood that they’ll do what you’re asking.

“But it’s important to set realistic expectations. Asking them to stay quiet for a whole day may not be as manageable as asking for 10 minutes of quiet time while you have a phone call,” says Professor Cluver. “You know what your child is capable of. But if you ask for the impossible, they are going to fail.”

4. Distract creatively

When your child is being difficult, distracting them with a more positive activity can be a useful strategy says Professor Cluver. “When you distract them towards something else – by changing the topic, introducing a game, leading them into another room, or going for a walk, you can successfully divert their energy towards positive behaviour.”

How To Discipline Your Child The Smart And Halthy Way-Brand Spur Nigeria
How To Discipline Your Child The Smart And Halthy Way-Brand Spur Nigeria

Timing is also crucial. Distraction is also about spotting when things are about to go wrong and taking action. Being mindful of when your child is starting to become fidgety, irritable or annoyed, or when two siblings are eyeing the same toy, can help diffuse a potential situation before it becomes one.

5. Use calm consequences

Part of growing up is learning that if you do something, something can happen as a result. Defining this for your child is a simple process that encourages better behaviour while teaching them about responsibility.

Give your child a chance to do the right thing by explaining the consequences of their bad behaviour. As an example, if you want your child to stop scribbling on the walls, you can tell them to stop or else you will end their play time. This provides them with a warning and an opportunity to change their behaviour.

If they don’t stop, follow through with the consequences calmly and without showing anger, “and give yourself credit for that – it’s not easy!” adds Professor Cluver.

If they do stop, give them lots of praise for it, recommends Professor Cluver. “What you are doing is creating a positive feedback loop for your child. Calm consequences have been shown to be effective for kids to learn about what happens when they behave badly.”

Being consistent is a key factor in positive parenting, which is why following through with the consequences is important. And so is making them realistic. “You can take a teenager’s phone away for an hour but taking it away for a week might be difficult to follow through on.”

Engaging with younger children

One-on-one time can be fun – and it’s completely free! “You can copy their expressions, bang spoons against pots, or sing together,” adds Professor Cluver. “There’s amazing research showing that playing with your children boosts their brain development.”

Engaging with older children

Like younger children, teenagers seek praise and want to be thought of as good. One-on-one time is still important to them. “They love it if you dance around the room with them or engage in a conversation about their favourite singer,” says Professor Cluver. “They may not always show it, but they do. And, it’s an effective way of building a relationship on their terms.”

While setting expectations, “ask them to help make some of the rules,” suggests Professor Cluver. “Sit them down and try to agree on the household dos and don’ts. They can also help decide what the consequences for unacceptable behaviour will be. Being involved in the process helps them know that you understand they’re becoming their own independent beings.”

Advice for parents during the COVID-19 pandemic

The pandemic has brought about sudden and drastic changes in the lives of families with parents directly in the middle of it. Here are some tips that can help parents get through these and any other stressful times:

1. Pause

We all know the stress when we feel our child is being difficult. At moments like these, being present and stepping back is a simple and useful tactic. Hit the “pause button”, as Professor Cluver calls it. “Take five deep breaths, slowly and carefully and you’ll notice you are able to respond in a calmer, more considered way. Parents across the world say that just taking that pause is enormously helpful.”

2. Step back

Parents often forget to care for themselves, says Professor Cluver. “Take some time for yourself, such as when the kids are asleep, to do something that makes you feel happy and calm. It’s really hard to do all the things right as a parent, when you haven’t given yourself a break.”

3. Praise yourself

It’s easy to forget the astonishing job you do as a parent every day and you should give yourself the credit, advises Professor Cluver. “Each day, maybe while brushing your teeth, take a moment to ask: ‘What was one thing I did really well with my kids today?’ And, just know that you did something great.”

“We might be in and out of isolation, but you are absolutely not alone,” she says. “Millions of parents across the world are all trying and we’re all failing sometimes. And then we’re trying again. We’ll survive this together.”

TECNO Launches PHANTOM X Flagship With Polished Design And Powerful Camera

TECNO has launched its first premium flagship phone called the PHANTOM X. It’s a milestone for TECNO, a global expert dedicated to bringing the latest technology and innovative designs to consumers in emerging markets.

Let’s take a close look at TECNO’s Breakthroughs in “Premium” with PHANTOM X.

PHANTOM X: The Pursuit of Beauty in Design

PHANTOM X represents great breakthroughs in design with exquisite details. PHANTOM X features a 3D borderless screen and uses this unique arc design at the right angle of 36.5° to fit perfectly in the user’s hand.

This phone is on the larger side with a 6.7″ display, making it a perfect device for consuming media. TECNO has put a big focus on making this display “borderless” by having the screen continue to bend at the edges, up to 70° of an angle. This creates an unbounded visual experience where images and videos bend off the side of the phone, into infinity.

Flip the phone around and you’ll see the new innovative silk glass back cover. This material was created based on a series of complex tests and manufacturing procedures, which resulted in this “silk delicacy” and “glass sparkle”. This etched textured design shows vertical refined lines, giving a fantastic and premium look to the design of the phone. The intensified efforts on exquisite design details are totally worth it due to the premium flagship quality that TECNO has promised to meet for its users.

PHANTOM X comes in two different color options which include Van Gogh’s Starry Night Blue and Monet’s Summer. Both color options have a very unique look, emphasizing the silk glass material used on the back of the phone.

The camera is a vertically stacked row of lenses housed in a sleek metallic rising. Placed in the direct center of the device, it creates a symmetrically balanced design. The power and volume buttons share the same color as the camera bump and are placed on the right side of the phone.

A Big Leap in Camera Performance

To create a powerful photography experience on the PHANTOM X, the phone was fitted with a back camera made up of three sensors. The front camera has dual sensors to capture large images that bring out the best details in your selfies.

TECNO Launches PHANTOM X Flagship With Polished Design And Powerful Camera -Brand Spur Nigeria
TECNO Launches PHANTOM X Flagship With Polished Design And Powerful Camera -Brand Spur Nigeria

PHANTOM X adopts an industry-leading 50MP Ultra-Night Camera with a 1/1.3-inch ultra-large sensor, enabling users to capture crisp large resolution images, even in difficult lighting. The sensor can take in 33% more light from the environment compared to cameras featuring a 108MP camera with a 1/1.5-inch sensor.

Even the selfie camera supports super-high-resolution images, with a 48MP sensor. Your selfies can now have the same quality as many other back-facing cameras. The selfie camera is perfect for both individual or group selfies, with the AI-assisted 105° ultra-wide angle lens. The camera is able to detect when your selfie includes multiple people and will suggest you switch to the ultra-wide lens. It’s a helpful and convenient software feature that ensures your selfies are taken with the proper sensor.

As for the important portrait photo performance, PHANTOM X uses a 50mm focal lens to present the Golden Portrait natural images without distortion, capturing and enhancing the quality.

With PHANTOM X’s Super Night Mode, night photography is now effortless, even for casual photographers. When you’re shooting in dark environments, even with light as low as 0.1 lux, PHANTOM X is able to bring more vivid details than the naked eye with the algorithm-enabled camera by utilizing AI segmentation and night protection.

Also, you can have elegant portraits in the glorious night view with the help of Super Night Portrait.

Gloomme App Launches In Nigeria

In its effort to reduce the unemployment rate in Nigeria, Gloomme Business Connections Ltd, a media and network platform company focused on developing consumer applications for Nigerian Market and beyond, has launched a digital application targeted at enabling entrepreneurship in Nigeria.

In a recent statement from the CEO, Gloomme Business Connections Limited, Anya Ifunanya said, the App was primarily developed to fill up the gaps created by poor business agreements in both formal and informal sector, uncompleted service delivery by service providers, vendors, sellers, buyers of goods, and lack of jobs in the labor market across sub-Saharan Africa and beyond.

“Gloomme is an entrepreneurial business connections platform, a platform where businesses and independent professionals connect and collaborate remotely and physically eventually getting work done with flexibility and security. Gloomme enables you to turn your ideas into reality.

“I am confident that the deployment of this application will play a pivotal role in curbing the challenges faced by many both in the formal and informal sector or those seeking to grow their streams of income as regards finding a reliable platform to trade, exchange goods and services in Africa.

“We have observed closely that the lack of available alternative where genuine economic activities can be done might accelerate the idle mind’s adoption of the actions of the criminal or illegal channel.

“This, in most cases, dents the country’s images and has significant consequences on the foreign direct investment, at the same time, encourages capital flight.

“So, if you have been thinking on ways to better your career, pursue your dreams, find solutions to your professional and financial woes, or as a corporate employee who feels you might one day want or need to jump into a freelance career, well, think no more.

“This digital solution has presented itself in the form of this multifaceted platform Gloomme to enhance the livelihood of a greater number of Nigerian citizens. Gloomme also avails itself as a digital platform for individuals and companies to hire independent contractors and freelancers instead of full-time employees.

“For clients, sellers, vendors, or buyers seeking a reliable online business connection platform with temporary or flexible jobs and options of short or long terms commitments, Gloomme is designed for you.”

The platform which involves in the facilitation of exchange of labor or goods for money between individuals or companies, irrespective of what industry you play, is a company incorporated under the laws and regulations of CAMA (Companies and Allied Matters Act) and have consistently met and surpassed all the criteria for license certification as well as security.

Ifunanya added that, the Gloomme app which plays in the technology space within Nigeria’s business environment is itself National Information Technology Development Agency (NITDA) and Nigerian Data Protection Regulation (NDPR) compliant.
She concluded that the service sharing web platform also ensures that every user’s personal information is encrypted, from buyer to seller, service seeker to service provider/vendor interactions are monitored to allow for optimal user experience.

Coca-Cola HBC AG Acquires Coca-Cola Bottling Company Of Egypt

Coca-Cola HBC AG announces today that, following the publication of its financial results for the six months ended 2 July 2021, its wholly-owned subsidiary Coca-Cola HBC Holdings BV (“CCH Holdings”) has reached an agreement to acquire approximately 94.7% of Coca-Cola Bottling Company of Egypt S.A.E. (“CCBCE”) from its major shareholders.

A wholly-owned affiliate of The Coca-Cola Company (“TCCC”) and MAC Beverages Limited (“MBL”) and certain of its affiliated entities for an agreed combined purchase price of US$427 million, subject to certain adjustments (the “Proposed Transactions”).Benefits and reasons for the Proposed Transactions

  • Access to the second largest Non-Alcoholic Ready To Drink market (“NARTD”) in Africa by volume, building on existing scale – Nigeria and Egypt account for c. 25% of the continent’s population
  • Significant opportunity to leverage Coca-Cola HBC’s proven route-to-market capabilities and 70 years of experience operating in emerging markets to increase penetration of The Coca-Cola Company’s brand portfolio and drive category leadership
  • Expand Coca-Cola HBC’s exposure to high growth geographies
  • Low-single digit EPS accretion expected in the near term, with opportunity to create further value through progressively moving CCBCE’s margins towards the Coca-Cola HBC group average over time
Zoran Bogdanovic, CEO of Coca-Cola HBC, said: “We are excited to welcome CCBCE to our group. We see great potential for this business to unlock considerable opportunities in the NARTD category in Egypt. With our best-in-class execution capabilities, commercial expertise and world-leading approach to sustainability and communities, we believe there is a significant opportunity to create value for all stakeholders.  We appreciate the trust placed in us by The Coca-Cola Company and MBL, and look forward to becoming part of the Coca-Cola system in Egypt.”
Abdul Galil Besher, Chairman of MAC Beverages Limited and CCBCE, made the following comment:“We are very pleased to pass on to Coca-Cola HBC the ownership torch of CCBCE. As a leading anchor bottler of the Coca-Cola system, we believe that Coca-Cola HBC will accelerate CCBCE’s growth ambitions, by combining its expertise, breadth of knowledge, know-how and critical mass, with the company’s deep market knowledge developed over our multi-decade presence in Egypt.
Brian Smith, President and Chief Operating Officer of The Coca-Cola Company, said:“This transaction promises to strengthen our system in Egypt, where the expertise of Coca-Cola HBC will be a complement to the local knowledge and capabilities of CCBCE. This agreement represents an important development in the Coca-Cola system’s long-term commitment to the growth and development of this important market.”

ABOUT THE COCA-COLA BOTTLING COMPANY OF EGYPT

CCBCE was founded in 1994 as a joint venture company between The Coca-Cola Company (through the TCCC Seller) and MAC Beverages Limited and certain of its affiliated entities. MBL and certain of its affiliated entities and individuals currently have an approximately 52.7% shareholding in CCBCE while the TCCC Seller has an approximately 42% shareholding in CCBCE. The balance of the shares in CCBCE are held, and will continue to be held, by a diverse group of minority shareholders. CCBCE is a leading producer of non-alcoholic ready to drink beverages in Egypt operating five bottling plants. Its products include Coca-Cola, Sprite, Fanta, Schweppes, Schweppes gold, Crush and Dasani water. CCBCE recorded volume of approximately 275 million and 266 million unit cases and net sales revenue of EGP7.4 billion and EGP 7.2 billion for the years ended 31 December 2020 and 2019, respectively.

ABOUT THE COCA-COLA COMPANY

The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. TCCC’s purpose is to refresh the world and make a difference. Its portfolio of brands includes Coca-Cola, Sprite, Fanta and other sparkling soft drinks. Its hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, Powerade, Costa, Georgia, Gold Peak, Honest and Ayataka. Its nutrition, juice, dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. TCCC is constantly transforming its portfolio, from reducing sugar in its drinks to bringing innovative new products to market. TCCC seeks to positively impact people’s lives and communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across its value chain. Together with its bottling network, TCCC employs more than 700,000 people, helping bring economic opportunity to local communities worldwide.

ABOUT MAC BEVERAGES LIMITED

MAC Beverages Limited is a privately owned group with investments in the beverages and packaging sectors in the MENA region. It has been an owner of CCBCE, the bottler of TCCC group’s beverages in Egypt since 1994. Certain affiliates of MAC Beverages Limited retain the rights to produce and sell beverages bearing TCCC’s brands in Libya and Yemen.

ABOUT COCA-COLA HBC

Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We create value for all our stakeholders by supporting the socio-economic development of the communities in which we operate and we believe building a more positive environmental impact is integral to our future growth. Together, we and our customers serve more than 600 million consumers across a broad geographic footprint of 28 countries on three continents.

Our portfolio is one of the strongest, broadest and most flexible in the beverage industry, offering consumer-leading beverage brands in the sparkling, juice, water, sport, energy, plant-based, ready-to-drink tea, coffee, adult sparkling and premium spirits categories.

These beverages include Coca-Cola, Coca-Cola Zero, Schweppes, Kinley, Costa, Valser, Romerquelle, Fanta, Sprite, Powerade, FuzeTea, Dobry, Cappy, Monster and Adez. We foster an open and inclusive work environment amongst our more than 26,000 employees and we are ranked among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG and FTSE4Good.

Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE:CCH) and is listed on the Athens Exchange (ATHEX:EEE).

Adidas Strikes Deal To Sell Off Reebok For €2.1 Billion

0

Adidas has struck a deal to sell struggling and underperforming sneaker and sportswear brand Reebok to Authentic Brands Group for up to €2,1bn ($2,46bn), as the German sporting goods company concentrates on its core brand.

Jamie Salter, founder, chairman, and CEO of ABG commented, “It’s an honour to be entrusted with carrying Reebok’s legacy forward. This is an important milestone for ABG, and we are committed to preserving Reebok’s integrity, innovation, and values – including its presence in bricks and mortar. We look forward to working closely with the Reebok team to build on the brand’s success.”

The majority of the €2,1bn is to be paid in cash at closing of the transaction and the remainder comprised of deferred and contingent consideration. The acquisition is expected to close in the first quarter of 2022, subject to customary closing conditions.

Adidas bought Reebok in 2006. At the time, the acquisition included the Rockport, CCM Hockey and Greg Norman brands, which Adidas later divested for a total consideration of €0,4bn. In 2016 Reebok initiated a turnaround plan called ‘Muscle Up’ through which the brand was able to significantly improve its growth and profitability prospects.

In March of this year, Adidas presented its 2025 ‘Own the Game’ Strategy designed to significantly increase sales and profitability and gain market share by 2025. During the strategy formulation process, Adidas assessed strategic alternatives for Reebok with a focus on ensuring both Adidas and Reebok would be well-positioned for sustainable growth.

Following this evaluation, Adidas said it decided to focus its efforts on further strengthening the “leading position of the Adidas brand in the global sporting goods market” and announced the initiation of a formal process to divest Reebok in February 2021.

Kasper Rorsted, CEO of Adidas AG, said, “Reebok has been a valued part of Adidas, and we are grateful for the contributions the brand and the team behind it have made to our company. With this change in ownership, we believe the Reebok brand will be well-positioned for long-term success.

“As for Adidas, we will continue to focus our efforts on executing our ‘Own the Game’ strategy that will enable us to grow in an attractive industry, gain market share, and create sustainable value for all of our stakeholders.”

Violent Attack And Disruption Of Activities At Mouka: Our Position

0

Our attention has been drawn to some distorted and deliberately fabricated stories posted on a few social media platforms by persons claiming to be staff of Mouka Limited and some recruited paid adverse content traders, deliberately to blackmail, intimidate and embarrass Mouka in order to justify their illegal disruption of work and molestation of law-abiding and peaceful staff of the company.

To put the record straight, Mouka Limited has robust staff welfare with a proud tradition of providing welfare benefits that go above and beyond the expected duty of care to the Mouka staff and their families. The Company is committed to investing in people to ensure capacity building and readiness for future career growth. As a good Corporate Citizen, Mouka has also significantly contributed to the local communities in which it operates.

Mouka, consumers’ wellbeing,

As part of Mouka’s continuous improvement plans, the Company recently undertook a restructuring program that engaged almost 10% of the Mouka People across all employee grades and in all locations nationwide. The major objectives of this exercise were to strengthen operations and to provide career development opportunities for key deserving employees.

However, as it is the case with every progressive development in corporate organizations, a few will resent the change. Unfortunately, the resentment of the current few agitators does not align with the majority.

The event of Thursday, August 12, 2021, whereby a few staff who were agitating unjustly for some personal demands, staged a protest which initially started as peaceful but later degenerated into harassment and attack of other staffers who had refused to be recruited into this anti-operation activity. Even then, the company is a law-abiding corporate organization that maintains an unprovoked stance even while the troublemakers continue throwing stones and objects at distributors, visitors and other staffers of the company.

Unfortunately, the following day, the agitating few had recruited some non-staff hoodlums to join the agitation and they became violent. When the law enforcement agents who had all along been there to maintain peace and order could no longer bear the escalating attack on persons and an attempt to attack them, they called for reinforcement and effected the arrest of the few troublemakers.

Experts Advocate Use of Quality Pillows for Proper Spine Alignment

The Company is disappointed that the actions of a few led to some unsavoury scenes in the roadways outside of the premises and in the immediate community. The Company used all resources available to avoid this matter escalating into a civil disturbance requiring intervention, to no avail.

We want to state categorically that Mouka management did not order for the arrest of any staff nor the violent few. However, despite the fact that the arrests have not been ordered by the management of our company, efforts are being made to resolve the issue provided the violent attack and the infringement of other workers’ rights ceases.

Our hope is that reason and good conscience will prevail in this circumstance as our company continues to remain focused on investing in the careers and livelihoods of our loyal, committed, and dedicated employees. 

EPL Chelsea vs Crystal Palace, Bundesliga, La Liga, Coppa Italia Matches Live on StarTimes This Weekend

0

The Premier League, Bundesliga and La Liga kick off this weekend with exciting crackers across Europe live on StarTimes. English Premier League match, Chelsea vs Crystal Place will air, courtesy of Integral, on NTA at 3 pm.

The New La Liga season begins on Friday, August 13 with Getafe playing away against Valencia at 8 pm. Messi-less Barcelona will begin its campaign against Real Sociedad on Sunday at 7 pm. Real Madrid, the 34-time Spanish champions will travel to Alavés on Saturday for their first game of the season at 9 pm. Atlético Madrid, meanwhile, begins the defence of their title at Celta Vigo on Sunday at 4:30 pm.

EPL Chelsea

Coach Diego Simeone goes into the season with a mainly unchanged side, though Atléti officials have dug deep into the pockets to bring Argentine international Rodrigo de Paul to the club from Udinese, paying 35 million Euros for the midfielder, who holds both Argentine and Italian citizenship. English

The Top tier of German Football, Bundesliga, will kick-off on Friday as Bayern Munich clashes against Borussia Monchengladbach in the first matchday.  Bayerns’ arch-rivals, Borussia Dortmund, on the other hand, will take on Frankfurt at the Signal Iduna Park on Saturday, August 14 at 5:30 pm.

Also, StarTimes has renewed exclusive rights to broadcast Coppa Italia & Supercoppa Italiana for a further three seasons in Sub-Saharan Africa.

According to the contract with Lega Serie A, StarTimes extends the exclusive rights to the two Italian premier Cup competitions in English, French, Portuguese, and African indigenous languages to the 2023/2024 season. Coppa Italia fixtures will be live this weekend on StarTimes sports channels

Fixed Income Markets Close The Week On A Whimper Ahead Of Inflation And Supply Expectations

The FGN Bonds market screeched to a halt in the last trading session of the week, as the recent demand seen in the market dried had up ahead of the inflation report and monthly bond auction both scheduled for next week.

Yields at the long-end of the curve closed higher as we saw more supply of the 2036s and 2050s papers which changed hands at 12.60% and 12.90% levels respectively as both papers will be re-issued at the coming bond auction. Ironically, the supply on the 2049s paper remained scantly, with bids firmly placed at 12.70% but with not offers to match.

Consequently, yields closed the week down by a single basis point on the average across the benchmark bond curve.

We expect a cautious open to trade in the coming week, as market participants look towards the inflation figures for July 2021 due on Monday. The monthly FGN Bond auction for August is also scheduled for midweek and with market levels significantly lower than the last bond auction rates we expect yields to weaken as market expectations are priced in ahead of the auction.

Agusto & Co. assigns a fund credit quality rating of  Af and fund volatility rating of FV5 to Coronation Fixed Income Fund

Treasury Bills

The treasury bills market closed the week with residual demand present from the week’s bi-weekly primary auction. The 1-year paper (11 Aug 2022) traded 10bps lower, with bids firmly put at 6.70% levels but supply seemingly dried up. Demand was also seen on the 28 July 2022 paper on the day, but with offers stuck 15bps lower at 6.55% levels trades were scarce on the paper.

We expect trading activities to remain tepid at the opening next week as tight system liquidity hampers position-taking by local banks.

Money Markets

Money market rates remained at double-digit levels closing the week by +2bps on average from yesterday’s closing. System liquidity remained low at +N11.98BN as some participants stayed camped at the CBN Repo window while others continue to source for deposits from large businesses. Subsequently, OBB and OVN rates closed the week at 16.75% and 17.25% respectively.

Next week, we expect rates to remain around the double-digits level and most likely inch higher towards the end of the week as banks sort to raise funds for the bi-weekly FX retail intervention and bond auction amidst the tight system liquidity.

FX Market

Supply at the IEFX window improved during the week which was largely supported by inflows from export proceeds. Traded volumes stayed well above $100m albeit remained unchanged compared to yesterday’s figure while market participants stayed bided between N400/$ and N420/$ range. Rates closed the day at N410.80/$ appreciating slightly by 0.21% D/D.

At the parallel market, the cash and transfer window moved in opposite directions. The cash window appreciated by N1.000k on the day as demand weakened slightly to close the day at N513.00/$ while the transfer rate depreciated by N2.00k D/D to close at N520.00/$.

Eurobonds:

It was an uneventful trading week in the Emerging market space especially for most of the SSA sovereigns’ papers. Prices opened flat from yesterday’s closing levels although we saw few tractions on the GHANA 27s and NIGERIA 31s papers with its price moving by +15cents a piece D/D.

The Nigerian Corporates also closed the week on a very quiet note although the ETI papers (ETINL 24s and ETINL 31s) remained the market toast as sustained demand caused prices to gain slightly by 3cents and 4cents respectively.

Five Things The Past 20 Years Can Teach Us About Our Future Work Lives

0

The sound of people working is constantly punctuated by the screech-and-scratch of dot matrix printers and the beeping of fax machines.

Mobile phones are only just becoming popular, and are not yet smart.

In fact, professionals are more likely to engage in a quick game of Snake than manage a full productivity suite via their AI-enabled smartphones. Conference calls involve groups huddled around a speaker in a boardroom, instead of teams having discussions in full high-definition via their company-issued laptops.

Sound far-fetched? This was the office of the early 2000s, a mere twenty years ago, when the world of work looked vastly different to the high-tech one we enjoy today.

According to Shiraz Khota, Sales Director at SAP SuccessFactors, the past twenty years of work hold valuable lessons for what we can expect from our future work lives.

“The proliferation of technologies and innovation, combined with the rise of the Experience Economy continues to radically change modern workplaces, with far-reaching consequences for organizations, their HR teams, and the talented employees they hope to attract and retain.

“While it is true that we live in a time of ongoing uncertainty, there are important insights we can gain from the past twenty years that could help organizations and professionals alike better plan for the immediate future.”

Five Things The Past 20 Years Can Teach Us About Our Future Work Lives-Brand Spur Nigeria
Five Things The Past 20 Years Can Teach Us About Our Future Work Lives-Brand Spur Nigeria

Many of the technologies we take for granted in our day-to-day work lives were developed over the past 10 to 20 years, including Skype in 2003, Gmail and Facebook in 2004, Twitter in 2006 and the iPhone, the world’s first true mainstream smartphone, in 2007.

“The pace of technological change is accelerating to the extent that, in a few years’ time, we may look back at today in much the same way as we now look back at the early 2000s,” says Khota. “As the pandemic continues to disrupt normal notions of work and team management, organisations are increasingly looking to technology to help them adapt to near-constant change in how they manage, support and motivate their most important asset: their employees.”

Predictions for the (near) future of work

So what can organisations – and their employees – expect from the near-future of work? According to Khota, the following four trends may be commonplace before the end of this decade:

1. Offices without borders

Perhaps an obvious one considering the pandemic-forced switch to remote and hybrid work models, but all indications are that the borders between work and life will continue to disappear.

“The digitisation of work processes is continuing at a rapid pace at 84% of employers in a recent global study, with a key focus of enabling their workforce to operate remotely. The mass adoption of online collaboration and productivity tools means more people than ever are able to perform their work duties outside the confines of the office.”

According to the WEF, four in ten organisations plan to expand their use of contractors for task-specialised work. “Managing a hybrid workforce effectively will require new processes and technologies to support those processes,” explains Khota.

“As the lines between personal and professional lives continue to be blurred, and increasing numbers of highly skilled workers operate from remote locations, organisations will be challenged to implement appropriate tools and technologies to support their workers while ensuring alignment with corporate culture.”

2. Greater diversity

With the rise of borderless offices also comes the concept of borderless talent pools. “Despite the halt on global business travel due to the pandemic, we continue to work and live in a global village, with organisations able to tap into a global talent pool of skills to fill key positions. High-performance teams are increasingly diverse – in fact, studies have shown that ethnically diverse companies are 35% more likely to outperform their less diverse peers.”

Enabling greater diversity within organisational teams is also key to driving productivity and performance within the organisation. “Belonging – a key component of inclusion – and engagement at work are highly correlated,” says Khota. “Studies have found that 91% of employees that feel they belong are engaged in their work, compared to only 20% of those that don’t feel they belong.”

In addition to implementing appropriate policies and processes to encourage greater diversity and inclusion at the workplace, organisations will need to invest in appropriate technologies to ensure they stay abreast of the multitude of expectations and needs of their diverse workforce.

3. Focus on experience

The concept of employee experience came to the fore in recent years, as the Experience Economy truly took hold of personal and professional lives around the world.

“Experience management is arguably one of the most powerful tools for building relationships with customers and employees of the past decade. As the digitisation of every aspect of our personal and professional lives continues unabated, being able to track, measure and make adjustments to that experience will be invaluable to businesses’ success.”

Modern employee experience management tools will become standard in our future workplaces – and for good reason, according to Khota. “Studies have shown that organisations that invest most heavily in employee experience are more than twice as likely to be on the Forbes list of the World’s Most Innovative Companies, and appear more than eleven times for often in Glassdoor’s Best Places to Work. In fact, companies that invest in employee experience are four times more profitable than those that don’t.”

As organisations become intelligent enterprises – defined as organisations that use intelligent technologies and a connected network to their advantage – their ability to combine operational and experience data increases. “The most successful and innovative companies of the future will blend operational and experience data to gain a comprehensive real-time view over the total performance of their business, and make the employee experience a key consideration in broader decision-making processes.”

4. In-house academies

According to a WEF report, there has been a four-fold increase in the numbers of individuals seeking opportunities for online learning, accompanied by a five-fold increase in employers providing online learning opportunities to their workers.

“As technology advances make increasing numbers of job roles obsolete, workers will need to be upskilled or reskilled and then deployed to new roles,” explains Khota. “Estimates are that even among job roles that won’t become obsolete in the near future, the skills needed to perform such roles will. In fact, 40% of core skills in such roles are likely to change in the next five years, and half of all employees will need reskilling.”

Five Things The Past 20 Years Can Teach Us About Our Future Work Lives-Brand Spur Nigeria
Five Things The Past 20 Years Can Teach Us About Our Future Work Lives-Brand Spur Nigeria

To ensure they have access to the skills they need, organisations will increasingly need to invest in in-house skills development. “It is highly likely that we will see a rise in-house academies, where workers can develop skills needed within their organisations and gain valuable experience that can immediately be applied to the benefit of their employers.”

For employees, this will have the dual benefit of helping them grow within their current roles while also making them more employable to the broader industry in the longer term.

“In its recent Future of Jobs 2020 report, the World Economic Forum found that 94% of business leaders expect employees to pick up new skills on the job, a major increase from 65% in 2018,” says Khota. “To win in the new world of work, employers and employees will need to engage in continuous skills development to ensure a steady supply of work-ready skills.”

Coca-Cola Posts Strong Momentum Across All Segments With 15% Volume Growth

Coca-Cola HBC AG, a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, reports its financial results for the six months ended 2 July 2021.

Half-year highlights

  • Ongoing recovery and effective execution drove additional momentum and share gains in Q2, with H1 FX-neutral revenue growth +23.1% like-for-like. Reported revenues +14.7%
    • FX-neutral net sales revenue closed 4% above 2019 levels (like-for-like)
    • Value share gains increased, +50bps in NARTD
  • Volume growth of 15.9% like-for-like; sustained performance in the at-home channel complemented by a recovery in out-of-home during Q2
  • Improvements in FX-neutral revenue per case benefited from pricing taken in over 90% of our markets and positive category, package and channel mix
  • Prioritisation of opportunities and innovation within our 24/7 portfolio is building momentum
    • Sparkling volume +16.2%, with Adult sparkling +37.0% and Low/no sugar +40.3%
    • Energy volume + 66.1%, driven by the performance of Monster, Burn and Predator
  • Costa Coffee roll-out continues to progress well; Coffee strategy strengthened with the premium Italian brand, Caffè Vergnano, to start distribution by 2022
  • Operating leverage and cost savings resulted in a comparable EBIT margin up 340 bps to 10.8%
    • €120 million of COVID-related OPEX savings were achieved in 2020. We continue to expect to retain c. €20 million of this in 2021 and therefore €100 million of these costs to return in H2 2021.

Coca-Cola To Unveil Wall Murals Across The Country in Celebration of Nigeria’s Strength And Resilience

Segment highlights

Rebound in Established and Developing segments adding to continued strong results in Emerging

  • Established: FX-neutral revenue increased by 17.1% as markets reopened, driving comparable EBIT margins up 440bps
  • Developing: FX-neutral revenue up 17.6%, with stable volume performance despite impact from Polish sugar tax; comparable EBIT margins up 180bps
  • Emerging: FX-neutral revenue up 30.3% like-for-like; continued strong performance from Russia and Nigeria and recovery through the rest of the segment led to comparable EBIT margins increasing by 340bps

ZORAN BOGDANOVIC CHIEF EXECUTIVE OFFICER OF COCA‑COLA HBC AG commented,

“We are very pleased with the first half in which we increased value share gains, revenues and profitability as well as making continued progress on our strategic priorities.

I believe these results demonstrate the power of our 24/7 portfolio, our revenue growth management actions, the strength of our execution capabilities and the talent of our people whose resilience and adaptability will underpin our future opportunities.

The business gained momentum as the out-of-home channel recovered and growth in at-home continued. In addition, we have delivered growth in the Established and Developing segments alongside the consistently strong performance in the Emerging segment.

Coca-Cola
ZORAN BOGDANOVIC CHIEF EXECUTIVE OFFICER OF COCA‑COLA HBC AG | Brand Spur Nigeria

We are seeing an excellent performance from our areas of strategic focus – in particular Low- and no-sugar sparkling, Adult sparkling and Energy. We have strengthened our Coffee strategy with Caffè Vergnano, which will add a premium offering alongside the broad appeal of Costa Coffee. We have made progress on our World Without Waste agenda with new launches of 100% recycled PET packaged beverages.

We are encouraged by the strength of the performance, and while conscious of the risks as the COVID-19 pandemic continues to impact our markets, we continue to expect a strong recovery in FX-neutral revenues and now believe that we can achieve a 20-30bps EBIT margin expansion this year.”