VBank hosts half-year finance webinar with Tosin Olaseinde

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Being resilient, having multiple streams of income, and building emergency funds, have been identified as key attributes of an individual on their way to financial security.

This formed part of the submissions made by Tosin Olaseinde, Founder/CEO of Money Africa, at a special Grow With V webinar, themed, ‘What Does Your Half-Year Finance Report Say?,’ organized by banking app of the year 2020, VBank. The one-hour conversation was anchored by the Public Relations & Communications Manager for VFD Group, Lolade Nwanze.
vbank
Tosin Olaseinde

The Financial Literacy expert reiterated that Personal Finance is a long-term project which mostly requires the right mindset, at 80 per cent, to succeed and only 20 per cent of knowledge. While fielding questions from the participants and anchor, she encouraged participants to start saving now in order to have a better financial second half report.

“The first step to financial independence is planning; what you don’t track you can’t follow through with. Emergency Fund is extremely important. How much Emergency Fund do you have? Start thinking about being resilient; think of what to fall back on and how many streams of income to create. You don’t look for money when you need it, you start to look for it before you need it,’’ she said.

vbank
Lolade Nwanze

She noted that investing in interest-yielding platforms is far better than putting one’s money in the traditional rotating savings and loans systems popularly called ‘ajo’ or ‘esusu.’ The CEO described the latter as inefficient and warned against ponzi schemes while stressing that compounding and time remain the best partners for financial growth.

vbank
Tosin Olaseinde

Advising on what to invest in, Tosin said:

“’Hedge your money by investing in stable currencies. When thinking of where to invest, think stocks, bonds, hedge funds, private capital etc. Remember that preservation of capital is better than high rewards when considering high-risk ventures. Plan, reevaluate, benchmark and don’t stop tracking.”

Grow With V is a monthly webinar session that brings subject experts in different knowledge areas into the same virtual room with young individuals, professionals and SMEs. In the past, it has featured Noble Igwe, Mai Atafo and popular Instagram store owner, Maureen Edwin.

In this second half of the year, VBank is partnering with individuals and businesses to help grow their finances via a Personal Finance series which has kicked off with financial literacy expert, Tosin Olaseinde.

VBank is a digital banking platform that allows individuals to set up a full-fledged banking account in two minutes and provides products like Fixed Deposit, Loans and Target Savings as well as a budgeting feature to encourage tracking and accountability. It is available on the play and app stores as V by VFD.

Mustang Mach-E Takes Top Spot in Inaugural EV of the Year Award (Photos)

July 7, 2021 – The 2021 Ford Mustang Mach-E earned Car and Driver’s inaugural Electric Vehicle of the Year Award, adding another coveted honour to its trophy case and beating overall top-rated EV competitors along the way.

The publication put 11 top-rated electric vehicles through rigorous testing over a three-week period, including a 1,000-mile road trip to evaluate each in real-world conditions. Mustang Mach-E took the No. 1 spot.

Ford Mustang Mach-E Ford Mustang Mach-E

“We felt that if a carmaker was looking to convert people from EV sceptics to EV evangelists, there’s not a better vehicle out there than the Mustang Mach-E,” said Sharon Carty, Car and Driver editor-in-chief. “It’s a familiar shape and size of crossover. It’s in the sweet spot of what Americans love. It’s beautiful. It’s a design that gets noticed. It has a range and charging speed that is very competitive.”

Ford Mustang Mach-E Ford Mustang Mach-E

The newly created electric vehicle award uses the same criteria as Car and Driver’s 10Best Awards: The vehicle must deliver exceptional driving engagement, offer indisputable value and/or practicality, fulfil its mission better than any of its competitors and, lastly, be fun to drive – a great description of Mustang Mach-E.

“Mustang Mach-E is the start of what we can do to compete in the EV revolution,” said Darren Palmer, Ford general manager, battery electric vehicles. “Its continued success in the form of happy customers, sales and awards are all signs of the momentum we are building.

Ford Mustang Mach-E Ford Mustang Mach-E

Accolades like the Car and Driver Electric Vehicle of the Year are particularly rewarding for the team who designed this performance battery electric vehicle to be truly fun to drive. It can only get better as we continue to learn from and grow with our customers.”

Other contenders include Audi e-tron, Kia Niro, Nissan Leaf Plus, Polestar 2, Porsche Taycan 4S PBP, Tesla Model 3 Performance, Tesla Model S Long Range Plus, Tesla Model Y Performance, Volkswagen ID.4 and Volvo XC40 Recharge. Car and Driver employed instrumented testing, subjective evaluation and side-by-side comparison in both practicality and entertainment value.

The 2021 Mustang Mach-E has claimed a number of other awards including Car and Driver’s Editor’s Choice Award earlier this year, plus the Cars.com Eco-Friendly Car of the Year Award, AutoGuide’s Utility of the Year, Green Vehicle of the Year and Autoweek’s Car Buyer’s Award.

“We could have made a boring electric vehicle, a compliance vehicle that looks like a dustbuster,” said Palmer. “But we decided people need an EV with soul. So we built them an all-electric Mustang SUV that is disrupting the status quo in electric vehicles. And the Mustang. Mach-E GT and GT Performance Edition are still to come.”

The full story on Car and Driver’s very first Electric Vehicle of the Year can be found here and in the new July/August issue of the magazine, available now everywhere magazines are sold.

Deutsche Post DHL to pay €200Million in Staff Bonuses as eCommerce Booms

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Deutsche Post DHL Group, the world’s leading logistics company, has today released preliminary results for the second quarter of 2021. Simultaneously, the outlook for the current financial year and for 2023 has been raised.

Furthermore, a one-time corona bonus for approximately 550,000 employees worldwide has been decided. Preliminary operating profit (EBIT) for the second quarter has improved to a record level with around EUR 2,075 million (Q2 2020: EUR 912 million) and has more than doubled compared to the previous year.

Deutsche Post DHL

Against the backdrop of the excellent business performance, the Group has raised its EBIT outlook for 2021 to more than EUR 7.0 billion (so far: more than EUR 6.7 billion). The mid-term EBIT outlook for 2023 is now expected to be more than EUR 7.4 billion (so far: more than EUR 7.0 billion).

“The second quarter proved once again that global trade volume continues to recover and the e-commerce boom is sustainable – and we benefit strongly from both. All divisions continue to operate at full speed worldwide and achieve double-digit EBIT growth rates. We want to thank our employees who do fantastic work around the world and deserve another corona bonus”, said Frank Appel, CEO of Deutsche Post DHL Group.

Group grants once again one-time corona bonus of around EUR 200 million

As an appreciation for their tireless efforts during the pandemic, the Group has decided to grant again a corona bonus of EUR 300 to employees worldwide. This one-time payment is aimed at approximately 550,000 colleagues in all divisions and countries.

Excluded are Executives. The corresponding expenses of around EUR 200 million will be booked in the third quarter of 2021 and are already included in the updated earnings outlook for 2021.

All divisions achieved a significant jump in earnings

All divisions significantly exceeded the previous year’s results. Network capacity utilization was constantly high in the second quarter 2021. B2C shipment volumes remained ahead of last year in all networks, while the recovery in the B2B businesses continued to gain momentum. At the same time, the tight capacity situation both in Ocean and Air Freight markets remained unchanged.

Express: EBIT in the Express division reached around EUR 1,170 million in the second quarter 2021 compared to EUR 565 million in the previous year’s quarter.

Global Forwarding, Freight: EBIT in Global Forwarding, Freight stood at around EUR 315 million in the second quarter 2021, also clearly ahead of the previous year’s result of EUR 190 million.

Supply Chain: EBIT at Supply Chain came in at around EUR 195 million in the second quarter 2021. It was at EUR 33 million in Q2 2020 in the initial stage of the pandemic.

eCommerce Solutions: eCommerce Solutions recorded an EBIT of around EUR 115 million in the second quarter 2021, significantly above last year’s Q2 result which stood at EUR 1 million.

Post & Parcel Germany: EBIT in Post & Parcel Germany in the second quarter of 2021 was around EUR 315 million (Q2 2020: EUR 264 million).

The positive business development is underpinned by the continued strong development of cash flow. Free cash flow in the second quarter 2021 amounted to more than EUR 800 million (Q2 2020: EUR 605 million). For the first half of 2021 free cash flow now stands at more than EUR 2.0 billion (H1 2020: EUR 196 million).

Earnings outlook raised in expectation of unchanged high shipment volumes and improved efficiency

In light of the ongoing earnings momentum the Group EBIT for 2021 is now expected to be more than EUR 7.0 billion (so far: more than EUR 6.7 billion). This includes additional expenses of around EUR 200 million for the one-time corona bonus.

For the full year 2021, the Group now forecasts a free cash flow of more than EUR 3.2 billion (so far: more than EUR 3.0 billion). Gross capex in 2021 is expected to reach around EUR 3.9 billion (so far: around EUR 3.8 billion). The full-year 2021 Group tax rate will now reach 28 percent, the upper end of the previously guided range of 26-28 percent.

Mid-term guidance for Group EBIT 2023 is now expected to be more than EUR 7.4 billion (previously: more than EUR 7.0 billion). The aggregated 2021-2023 guidance for free cash flow was left unchanged at around EUR 9.0 billion. The cumulative outlook for gross capex was also confirmed at around EUR 11.0 billion for the period 2021 to 2023.

The comprehensive disclosure for Q2/H1 2021 will be published as planned on August 5, 2021.

Pipit Global Partners with Cellulant to Power Low-Cost Remittances (Photos)

Irish FinTech, Pipit Global Partners with Pan-African Fintech Cellulant to power cheaper and safer means for Africans in the EU and UK to send cash to their families at home in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana

July 7, 2021 – According to reports by the BBC, about 8 million Africans live abroad. That number is projected to reach 15 Million by 2025. For most African’s living abroad, sending money back home to your family can be very expensive. In the UK, the average cost to send cash abroad is 9.5%, so for example, if you were sending £120 from the UK to Africa, it would cost roughly £11.40 in fees.

Cellulant

Cellulant Cellulant

Although the cost has come down in recent years, it is still too high and is more than double the 3% cost target set by the United Nations. Pipit Global is delighted to announce that in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana, consumers can now avail of transactions through the pipit platform at lower rates than ever before. This is in partnership with Cellulant, a Pan-African Fintech company that powers a digital payments platform for businesses and their consumers.

Cellulant
Pipit Global Founders – l to r – Julian Callaghan, Ollie Walsh, Rory Ryan | www.brandspurng.com

“Going live in these countries is a big step forward for intra-African remittances. 70% of African’s who migrate stay on the continent of Africa where the cost of sending money home across African borders is much higher than the fees for sending cash home from the EU – and can reach 20% in some corridors. Pipit, along with Cellulant, can now solve this problem by making it cheaper and safer for migrants to send cash to their families at home.” said Ollie Walsh, CEO of Pipit.

Cellulant

Cellulant
Alex Kinuthia, Software Engineer at Cellulant demonstrating how Cellulant Payment Gateway Works. Nairobi Kenya. | Brand Spur Nigeria

‘’We believe that for Africans to thrive, we need to purposefully create bridges that lessen the geographical, wealth and social gaps and link communities and their resources with others.

Cellulant using technology to build new types of networks that connect those who have goods and services with those who need them. We are happy to extend our digital payments platform – Tingg, and support Pipit’s work in connecting the African Diaspora with low-cost payment solutions that allow them to support their families in the continent,” said David Waithaka, Cellulant’s Chief Business Officer for Enterprise.

The partnership between Cellulant and Pipit means that Africans in the UK and EU from any of the listed African countries can conveniently send cash home, top-up an eWallet, send money to a bank account and pay bills for their families. They can also pay for an eCommerce order and have the goods delivered in Africa.

“Every consumer in Africa should be able to access their money easily and pay for goods and services in a way that is convenient for them. Digital payments make this possible, and through this partnership, we are ensuring that consumers across Africa and in the Diaspora can seamlessly access services they need and make their lives easier,’’ added David.

In the UK, migrant workers from Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana can access the Pipit platform through the PayPoint network of more than 28,000 cash acceptance points across the UK; and 35,000 points across the Western EU countries.

The partnership also brings lower-cost remittance within the African continent with the addition of 620,000 cash collection points in Nigeria, doubling the Pipit global footprint to 1.1 million collection points.

“We are building a global network of payment partners who recognise that for a growing segment of our society, cash is the main means of managing their finances. Together we are building the technology to allow them to use their cash in the digital marketplace in increasingly secure and cost-effective ways. We expect to keep growing as more customers trust the platform and enjoy the lower costs of sending money back home,” continues Ollie Walsh.

The COVID pandemic has accelerated the demand for digital financial products, and partnerships between financial technology companies such as Cellulant and Pipit bridge the gap between continents and make it easier for customers to access financial services with ease.

Wema Bank Rewards Customers in 5 For 5 Promo

Wednesday, July 7, 2021: Leading innovative financial institution, Wema Bank, is fulfilling its promise to make this year as exciting as possible for its customers with the commencement of its newly launched reward scheme, 5 for 5, in which customers stand an excellent chance to win amazing prizes over the next nine months.

Beginning from the 1st of July, the bank will be rewarding its customers with cash prizes to appreciate them for their unwavering loyalty and patronage.

The reward scheme, which will run for a record of 9 months, will see some customers move up the social status ladder as millionaires emerge in the promo draws that will cover many customers in different locations in the country.

World Blood Donor Day

In the mind-blowing promo, N31.5 million would be given away to customers in nine months by the bank marking its 76th anniversary this year.

There is a monthly grand prize of N1,000,000 for 1 customer, N100,000 for 20 customers and N10,000 consolation prizes for 50 customers monthly. This gives a total of 71 people getting rewarded each month.

Explaining the participation process, Retail Divisional Head, Wema Bank, Dotun Ifebogun, disclosed that it is open to new and existing customers.

“All they need to do to win is fund their accounts with at least N5,000 and carry out a minimum of 5 transactions on either ALAT, USSD or with their cards, monthly and maintain a minimum account balance of N10,000 at the end of the month,” Dotun said.

He further noted that the unique thing about the 5 for 5 promo is the equal chance it gives everyone to participate. It is open to new and existing customers and those who reactivate their accounts.

To meet those needs, banks need to make the customer experience the starting point for process design hence our desire to reward as they transact. According to him, 5 for 5 Promo is another way of putting a smile on the faces of its customers and changing their lives for good.

Dotun stated: “5 for 5 is unique because our customers nationwide have the chance to become millionaires every month after electronic draws. We are known for going the extra mile to give our customers the best, and this is just one of our numerous ways of appreciating them.”

British Airways, Virgin Atlantic And Heathrow Launch Proving Trials To Simplify Travel Rules For Fully Vaccinated Customers

British Airways, Virgin Atlantic and Heathrow have joined forces to prove it’s possible to quickly and easily verify those arriving into the UK who are fully vaccinated – and identification process already in place for outbound travel to several countries.

Earlier this week, Germany became the latest country to confirm it would accept fully vaccinated UK travellers without the need to quarantine. The new UK proving trial, enabling inbound travellers to present their fully vaccinated status, will support the Government to move forward with its plans to remove quarantine for double jabbed passengers entering the UK from ‘amber list’ countries.

The initiative will see fully vaccinated volunteers travelling on selected flights from Athens, Los Angeles, Montego Bay and New York to London Heathrow showing proof of their vaccine status. The trial aims to reassure Government that airlines and airports can check vaccine status upstream and away from the Border, ensuring no further pressure in UK immigration halls.

Those taking part in the trial will be able to use a dedicated arrivals lane at the border and British Airways customers will be able to access a discounted rate for the mandatory arrivals tests.

Internationally recognised vaccination credentials will be accepted in the proving trial including the NHS app, CDC card, US state-level digital certification and EU Digital Covid Credential. British Airways will also support customers’ vaccine verification through the VeriFLY app and Virgin Atlantic customers can verify their vaccine certificate through a new digital uploader tool, developed in partnership with Delta Air Lines and backed by TrustAssure™ technology.

As the proof-of-concept develops, the options for customers to show vaccine status will rapidly be expanded, across physical, digital and integrated formats, including IATA Travel Pass.

The UK has led the world with its successful vaccine programme, which the Government promised would lead to the end of Covid restrictions. To date, 86% of UK adults have had a first dose of a Covid vaccine, with 64% fully vaccinated. Data from Public Health England has shown two doses of the vaccines offer 79% protection against becoming ill from the Delta variant and reduces the likelihood of needing hospitalisation by 96%.

Despite this incredible achievement the UK is failing to reap the economic and social rewards, falling behind countries like France, Germany, Greece, Portugal, Cyprus and Malta, all of which accept fully vaccinated travellers, including US residents, without the need for quarantine. The US also allows its fully vaccinated residents to avoid self-isolation.

The Government’s own transparency data also continues to show very low positivity in test results from ‘green’ and ‘amber’ country arrivals, with just 0.4% testing positive, and none of them had a variant of concern.

Sean Doyle, British Airways CEO and Chairman said: “We need to act quickly to protect jobs, re-build the UK economy and reunite loved ones. We are already helping our customers show proof of their vaccination status when travelling to a number of other countries outside the UK that require it, and we’re confident we can make this happen for entry to Britain too, very quickly.

“We look forward to providing the data that proves it’s simple for fully vaccinated status to be verified and to the Government meeting its commitment to get the country moving again.”

In the US, more than 157m people have been fully vaccinated – including 58% of US adults – with domestic flying returning to pre-pandemic levels, proving that flying is safe.

Shai Weiss, CEO, Virgin Atlantic said: “To reap the benefits of the UK’s world-leading vaccine roll out, the UK Government must act now to remove self-isolation for fully vaccinated passengers arriving from ‘amber’ countries, and no later than the domestic reopening on 19th July.

“Our proof-of-concept trial on selected US and Caribbean routes demonstrates our readiness as an industry to rapidly operationalise the new policy, and work with Government and authorities to ensure it is smoothly implemented at pace, supporting the reopening of the Transatlantic corridor, without which £23m is lost each day from the UK economy.

“The UK is already falling behind US and EU and a continued overly cautious approach towards international travel will further impact the economic recovery and the 500,000 UK jobs that are at stake.”

Representatives from the travel industry have been clear about the consequences for the UK’s economy and jobs of not opening the corridor quickly enough, with hundreds taking part in a day of action on June 23. Today, Heathrow released new research from CEBR, reinforcing the importance of aviation to the Government’s ambitions for Global Britain, which could help the industry deliver a £204bn trade boost to benefit every corner of the UK.

Heathrow has warned that this cannot be realised unless the UK’s aviation industry is supported by Government policies to resume flying as soon as possible. By capitalising on the country’s vaccine dividend, ministers can help to deliver this economic stimulus for exporters across Britain, ensuring the UK retains its competitive edge as the country comes out of lockdown.

On Monday, Prime Minister Boris Johnson restated that this important step to exempt fully vaccinated travellers from self-isolation would happen ‘later this summer’, with Transport Secretary Grant Shapps set to provide more detail this week. It’s hoped the proof-of-concept will encourage the Government to introduce exemptions for fully vaccinated travellers no later than 19 July, allowing the UK to catch-up with the EU and US, which have already introduced similar schemes.

John Holland-Kaye, CEO of Heathrow said: “This pilot will allow us to show that pre-departure and arrival checks of vaccination status can be carried out safely, so that fully vaccinated passengers can avoid quarantine from the 19th July. In addition to this, the UK Government must make progress on reopening travel between the US after a designated task force was established to look at this back at the G7.

Heathrow is the main port for trade in goods and services with the US, the only country with whom the UK has a trade surplus. New research today demonstrates just how critical it is to the UK economy to get the passenger planes that carry those exports off the ground. This is a vital step towards delivering the Government’s ambitions for Global Britain and they now need to act fast.”

The All-New BMW 2 Series Coupé

BMW is opening a new chapter in its tradition of super-sporty compact models. In the process it will set a new benchmark for driving pleasure – a brand speciality – at the premium end of this vehicle class.

The new BMW 2 Series Coupé embodies sporting prowess in a particularly concentrated form, with a vehicle concept focused squarely on dynamic excellence, an athletic design, powerful engines and sophisticated chassis technology.

  • New edition of the BMW 2 Series Coupé with a character focused squarely on dynamic performance. Athletic design, sophisticated chassis technology originally developed for the BMW 4 Series Coupé, rear-wheel drive and six-cylinder in-line engine are unique in the segment; they translate into superior sporting ability and hallmark BMW driving pleasure. World premiere at the Goodwood Festival of Speed in July 2021. New model will be built at the BMW Group’s San Luis Potosí plant in Mexico. Market launch at the beginning of 2022.
  • New BMW 2 Series Coupé is a modern take on the traditional concept of a compact, performance-focused two-door model that dates back to the BMW 02. Standalone design with maximum differentiation from the compact BMW 1 Series models. Distinctive proportions, wide tracks, optimised aerodynamic properties, excellent body rigidity, intelligent lightweight design, almost perfectly balanced 50 : 50 weight distribution and a low centre of gravity create the ideal basis for extremely sporty handling.
  • Launch line-up will be spearheaded by a high-performance model from BMW M GmbH: the BMW M240i xDrive Coupé (fuel consumption combined: 8.8 – 8.1 l/100 km [32.1 – 34.9 mpg imp] as per WLTP; CO2 emissions combined: 200 – 185 g/km as per WLTP) with a 275 kW/374 hp six-cylinder in-line petrol engine and intelligent all-wheel drive. There will also be a choice of four-cylinder petrol and diesel models whose power is transmitted to the rear wheels.
  • Powerful proportions set within the classical three-box design, dynamic lines and exclusive details create a very expressive appearance. Exterior length increased by 105 millimetres, width by 64 millimetres and wheelbase by 51 millimetres compared to predecessor model. Vehicle height lowered by 28 millimetres, tracks widened by 54 millimetres at front (BMW M240i xDrive Coupé: +63 millimetres) and 31 millimetres at rear (BMW M240i xDrive Coupé: +35 millimetres).
The All-New BMW 2 Series Coupé-Brand Spur Nigeria
The All-New BMW 2 Series Coupé-Brand Spur Nigeria
  • Eye-catching front-end design featuring individual headlights in BMW 02 style and a new-look BMW kidney grille. Vertically arranged active air flaps instead of bars. Sporty and graceful silhouette composed of crisp lines and surfaces sculpted for a muscular feel. Pronounced wheel arch flaring gives the rear a powerful look. Compact rear light units with rearranged LED light functions. Distinctive design accents for M Sport specification and BMW M240i xDrive Coupé.
  • Standout sporting prowess in segment thanks to sophisticated chassis technology borrowed from the BMW 4 Series and given bespoke tuning. Clear improvement in agility, steering precision and cornering dynamics over the predecessor model. Integrated application of powertrain and chassis optimises the car’s steering behaviour and the build-up of lateral acceleration forces, enabling dynamic cornering and deftly controlled drifts. Excellent long-distance capabilities with optimised ride comfort and acoustics.
  • Standard specification includes two-joint spring strut front axle, five‑link rear axle, lift-related dampers and Electric Power Steering with Servotronic function. M Sport suspension including variable sport steering available as an option. New BMW M240i xDrive Coupé comes as standard with a model-specific version of M Sport suspension, additional front axle struts, M Sport brakes and M Sport differential at the rear axle. Adaptive M suspension with electronically controlled dampers available as an option for flagship model.
  • 17-inch light-alloy wheels as standard, 18-inch M light-alloy wheels included with M Sport specification. BMW M240i xDrive Coupé rides on 19-inch M light-alloy wheels as standard with the option of high-performance tyres.
  • Powerful and efficient engines featuring the latest BMW TwinPower Turbo technology. Six-cylinder in-line power unit in the new BMW M240i xDrive Coupé develops a maximum output that is 25 kW/34 hp higher than in the outgoing model. Further improved four-cylinder petrol engine in the new BMW 220i Coupé (fuel consumption combined: 6.8 – 6.3 l/100 km [41.5 – 44.8 mpg imp] as per WLTP; CO2 emissions combined: 155 – 144 g/km as per WLTP) with 135 kW/184 hp and minimised emissions thanks to cylinder head with integrated exhaust manifold. New BMW 220d Coupé (fuel consumption combined: 5.1 – 4.7 l/100 km [55.4 – 60.1 mpg imp] as per WLTP; CO2 emissions combined: 132 – 122 g/km as per WLTP) features a 140 kW/190 hp four-cylinder diesel unit with two-stage turbocharging and 48V mild-hybrid technology for instantaneous power delivery and high levels of efficiency. The new BMW 230i Coupé powered by a 180 kW/245 hp four-cylinder petrol engine (model not yet on sale, fuel consumption and CO2 figures not yet available) will be added to the range in summer 2022.
  • All the engines team up with an eight-speed Steptronic transmission as standard. Optional eight-speed Steptronic Sport transmission (standard in the BMW M240i xDrive Coupé) with gearshift paddles on the steering wheel, plus Launch Control for powering off the line with optimal traction and Sprint function for instant, dynamic bursts of speed when already on the move.
  • Individualised sports-car flair for the interior. Driver-focused cockpit design with a modern control panel in the centre console and the option of a fully digital display grouping. Sport seats and Sport leather steering wheel as standard, M leather steering wheel and M Sport seats with integral head restraints available as options. Special interior features for M Sport specification and the BMW M240i xDrive Coupé, such as cushioned knee pads on the centre console, heighten the emphasis on intense driving pleasure.
  • Optional M Sport package Pro can be added on top of the M Sport specification to send an even clearer message about the car’s dynamic abilities. Features include 19-inch M light-alloy wheels, M Sport brakes, the eight-speed Steptronic Sport transmission, a front spoiler lip and an M rear spoiler. Model-specific M Performance Parts will also be available for the new BMW 2 Series Coupé from launch.
  • Premium interior ambience represents a clear leap forward from the predecessor model. High-quality materials, precise workmanship and exclusive design features. New interior trim strips in Dark Graphite matt as standard. Door panels incorporate new trapezoidal accent surfaces, which are stylishly backlit if the optional ambient lighting is specified. M Sport specification and BMW M240i xDrive Coupé with Alcantara/Sensatec upholstery. Available as options: Sensatec perforated and Vernasca leather upholstery variants.
  • Low seating position and enhanced feeling of space for driver and front passenger, two rear seats with an individual-seat character. Primary load capacity in directly viewable area of boot increased by 20 litres compared to predecessor. Total load capacity: 390 litres. Standard 40 : 20 : 40 split/folding rear seat backrest enhances versatility, loading edge 35 millimetres lower than on predecessor model.
  • Three-zone automatic climate control and windscreen with acoustic glazing as standard. Optional extras such as seat and steering wheel heating, electrically adjustable seats including a memory function on the driver’s side, ambient lighting and a Harman Kardon surround sound system enhance both driving pleasure and comfort to excellent effect. Optional glass slide/tilt sunroof has a transparent surface nearly 20 per cent larger than on the outgoing model. Removable trailer tow hitch available as an option. Permissible trailer load: 1,600 kilograms.
  • Significantly expanded selection of standard and optional driver assistance systems compared with the predecessor model. Front-collision warning, Speed Limit Info, Lane Departure Warning and Cruise Control with brake function fitted as standard. Available as optional extras: Driving Assistant with Lane Change Warning, Rear Collision Prevention and rear crossing traffic warning, Active Cruise Control with Stop&Go function including manual Speed Limit Assist, Park Distance Control, Reversing Assistant, Reversing Assist Camera, Surround View and Remote 3D View. Also available for the BMW 2 Series Coupé for the first time: BMW Head-Up Display and BMW Drive Recorder.
  • State-of-the-art display and operating system based on BMW Operating System 7. 8.8-inch control display and instrument cluster with 5.1-inch colour display as part of the standard-fitted BMW Live Cockpit. Optional BMW Live Cockpit Professional with fully digital 12.3-inch instrument cluster and 10.25-inch control display. Intuitive, multimodal operation using the touchscreen display, BMW Controller, steering wheel buttons or voice control. BMW Intelligent Personal Assistant with extended capabilities and represented by new graphics in the control display.
  • Cloud-based BMW Maps navigation system available in conjunction with the optional BMW Live Cockpit Plus or BMW Live Cockpit Professional. Fast, precise calculation of routes and arrival times, real-time traffic data updated at short intervals, facility for entering any word when searching for destination.
  • Wide selection of in-car digital services. BMW TeleServices and intelligent emergency call included as standard, along with Remote Software Upgrades for importing improved functions and new digital services into the car over the air. Optional features include: Real Time Traffic Information with hazard alert, Connected Music and BMW Digital Key. Deep integration of Amazon Alexa possible when installed via the My BMW App.
  • Smartphone integration using Apple CarPlay and Android Auto available as an optional extra: wireless WiFi connection; information shown in the control display, the instrument cluster and the optional BMW Head-Up Display.
The All-New BMW 2 Series Coupé-Brand Spur Nigeria
The All-New BMW 2 Series Coupé-Brand Spur Nigeria

Model variants at launch:BMW 220i Coupé:
Four-cylinder in-line petrol engine, eight-speed Steptronic transmission.
Capacity: 1,998 cc, output: 135 kW/184 hp at 5,000 – 6,500 rpm,
max. torque: 300 Nm (221 lb-ft) at 1,350 – 4,000 rpm.
Acceleration [0 – 100 km/h (62 mph)]: 7.5 seconds,
top speed: 236 km/h (147 mph).
Fuel consumption, combined: 6.8 – 6.3 l/100 km (41.5 – 44.8 mpg imp) in WLTP cycle,
CO2 emissions, combined: 155 – 144 g/km in WLTP cycle,
exhaust standard: Euro 6d.BMW M240i xDrive Coupé:
Six-cylinder in-line petrol engine, eight-speed Steptronic Sport transmission, BMW xDrive.
Capacity: 2,998 cc, output: 275 kW/374 hp at 5,500 – 6,500 rpm,
max. torque: 500 Nm (369 lb-ft) at 1,900 – 5,000 rpm.
Acceleration [0 – 100 km/h (62 mph)]: 4.3 seconds,
top speed: 250 km/h (155 mph).
Fuel consumption, combined: 8.8 – 8.1 l/100 km (32.1 – 34.9 mpg imp) in WLTP cycle,
CO2 emissions, combined: 200 – 185 g/km in WLTP cycle,
exhaust standard: Euro 6d.BMW 220d Coupé:
Four-cylinder in-line diesel engine, 48V mild hybrid technology (8 kW/11 hp), eight-speed Steptronic transmission.
Capacity: 1,995 cc, output: 140 kW/190 hp at 4,000 rpm,
max. torque: 400 Nm (295 lb-ft) at 1,750 – 2,500 rpm.
Acceleration [0 – 100 km/h (62 mph)]: 6.9 seconds,
top speed: 237 km/h (147 mph).
Fuel consumption, combined: 5.1 – 4.7 l/100 km (55.4 – 60.1 mpg imp) in WLTP cycle,
CO2 emissions, combined: 132 – 122 g/km in WLTP cycle,
exhaust standard: Euro 6d.

CO2 EMISSIONS & CONSUMPTION.

BMW 220i Coupé:
Fuel consumption, combined: 6.8 – 6.3 l/100 km (41.5 – 44.8 mpg imp) in WLTP cycle, CO2 emissions, combined: 155 – 144 g/km in WLTP cycle.BMW M240i xDrive Coupé:
Fuel consumption, combined: 8.8 – 8.1 l/100 km (32.1 – 34.9 mpg imp) in WLTP cycle, CO2 emissions, combined: 200 – 185 g/km in WLTP cycle.BMW 220d Coupé:
Fuel consumption, combined: 5.1 – 4.7 l/100 km (55.4 – 60.1 mpg imp) in WLTP cycle, CO2 emissions, combined: 132 – 122 g/km in WLTP cycle.

LED Now Dominant Light Source In Automotive Lighting — Strategy Analytics

Value demand for Light Emitting Diodes (LEDs) alone in automotive lighting will nearly triple from $1.4 billion in 2020 to $3.9 billion by 2024.

The latest report “Automotive Lighting: Who Can Challenge LED’s Dominance?” from the Strategy Analytics Powertrain, Body, Safety & Chassis Service (PBCS) service, predicts that OEM requirements for styling and functionality will further increase demand for LED-based automotive lighting systems.

LED has seen further developments in efficiency and Tier 1 vendors have developed cost effective solutions for LED headlight modules. With the urgency to improve efficiency to support emissions and fuel economy mandates, the transition from halogen and xenon to LED has increased. But automakers are increasingly looking at styling with LED-based systems to win customers over their rivals.

LED is also being used to raise functionality in lighting systems, particularly Digital Light Projection (DLP) and matrix LED headlights to form a precise Adaptive Driving Beam (ADB) and increase the use of glare-free high beam illumination, as well as new welcome lighting and even projecting messages and virtual lane markings.

“While the emerging market regions, low cost and heavy-duty sectors seek component integration to lower the size, weight, and cost of the lighting system, the increasing requirement for styling and functionality in the mass market will raise the profile of semiconductor vendors in system development,” says Kevin Mak, principal analyst in the Global Automotive Practice (GAP).

“As more complicated systems are developed, OEMs will increasingly demand flexibility from their semiconductor suppliers.”

TECNO Appoints Avatar Cape Town As Its Global Brand Campaign Agency In 2021

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South African-born Avatar Cape Town, a subsidiary of the Avatar Agency Group, triumphed in a hotly contested TECNO global pitch by demonstrating its mantra of ideas that move people against international network agencies in Europe and APAC.

TECNO is one of the top 10 largest smartphone brands in the world and one of the largest and most admired on the African continent.

As lead brand agency, Avatar will be spearheading TECNO’s global brand campaign in several countries in South America, Africa, central-Europe, and Asia. The scope of their appointment includes Creative, Digital, Social, Public Relations and Media.

Zibusiso Mkhwanazi, Group CEO of Avatar Agency Group: “World-class people and ideas wins the day. As an agency, we’ve had significant experience developing work for countries outside of our borders, and to be appointed as a global lead agency for TECNO is a giant leap in achieving our vision of building an African-owned agency network. As this is not our first rodeo for work of this magnitude, I believe it opens up significant opportunities to expand our scope of influence with prospective clients and brands around the globe.”

Right team with the right experience

In a category dominated by functional promotion and vanilla messaging, Avatar’s challenge would be to show meaningful differentiation, seeded in brand purpose. Its multi-market campaign will seek to “liberate customers in the pursuit of their limitless potential.”

“After much internal deliberations between very compelling proposals, Avatar’s strategy and creative and logical approach are the reasons why we appointed Avatar in a critical time for TECNO in the midst of a global pandemic. Their holistic multi-channel approach in redefining how the TECNO brand will show up was impressive. We are thrilled to have them on board and help us with our brand campaigns.” explains Danni Xu, Chief Marketing Officer for TECNO.

“Having the right team with the right experience was key to the win. It was important to understand the human truth behind the data when looking at the matrix of TECNO customers and this became the foundation of our strategic thinking. We then discovered the target market rituals and connected fused the brand so we could tell the new story of TECNO in a meaningful and compelling way,” adds Mkhwanazi.

World-class capability + local expertise = Global campaign

Following a trail of recent wins like Edgars, Old Mutual, and KFC Add Hope, Avatar is no stranger to managing global accounts. Previously, it was the global agency for South African Airways supporting the Sub-Saharan Africa, the Americas, Europe and Asia markets, as well as regional agency for Fox Africa Channels.

“Avatar Agency Group is only the largest fully black-owned marketing agency group in South Africa. But there’s still the rest of Africa and the world – that’s why we improve and try harder, every day,” adds Mkhwanazi. “This win is not only a win for Avatar, but also for every South African-born agency that is looking to break the barriers and vie for a spot on the global stage.”

TECNO Is Going Premium With PHANTOM X, And 2021 Marks Its New Focus

TECNO has unveiled its premium flagship PHANTOM X hitting the mid-to-high-end brought no small disturbance.

It is not only a major move for TECNO, but also a positive signal for the industry – mid-to-high-end smartphone technology and the market have become more mature today, and market demand is likely to spread rapidly to global emerging markets led by TECNO, a global expert dedicated to bringing the latest technology and innovative designs to consumers in emerging markets.

The Newest Global Evolvement around “Flagship” and “Premium”

Looking at today’s mid-to-high-end market, although competition has reached a fever pitch and the market seems to have been divided up, yet changes around “premium” and “flagship” have started long ago.

While each brand is fighting in the flagship market through its own differentiation, the previous method of dividing the high and low end by pure performance or technical parameter stacking has evolved into new set of dimensions including design, details and total user experience, which are now the new fashion to define a premium phone.

Under such trend, TECNO PHANTOM X resembles the industry trend. Considering TECNO’s strategic focus on emerging markets, TECNO might be pushing the competition into new boundaries to make flagship technology and premium design innovations available sooner to global consumers.

TECNO’s Breakthroughs in “Premium” with PHANTOM X

TECNO’s journey to a premium reflects the new trend of current competition of peers in technology, design details, overall experience.

Premium Flagship Means Breakthroughs in Design with Exquisite Details

Consumer behaviors will change with time, but the core is always the same — the pursuit of beauty and a better life. Smartphones are the most used portable devices nowadays, which require a more ergonomic design that is practical and stylish with exquisite details. Post near a hundred testing trials, a huge and flexible 70-degree curves, industry-leading 3D borderless screen with borderless display and a golden grip of 36.5-degree have been implemented on TECNO’s new flagship.

TECNO Is Going Premium With PHANTOM X, And 2021 Marks Its New Focus-Brand Spur Nigeria
TECNO Is Going Premium With PHANTOM X, And 2021 Marks Its New Focus-Brand Spur Nigeria

Ensuring users with high standards have the most comfortably experience in the palm, while providing the unbounded visual experience. Also, PHANTOM X replaces the universally used mobile phone back cover with an industry-leading silk glass etched texture that almost doubles the challenge of production. But the intensified efforts are totally worth it due to the premium flagship quality that TECNO has promised to meet for customers.

Premium Flagship Redefined More by Smooth Experience of Cutting-technology, not simply by technical parameter

Without a doubt, the camera is an essential feature of any smart phone in current times. TECNO are an actively innovative, international brand dedicated to elevating smartphone photographic technology to another level. They have six TAIVOS laboratories spread across the globe, driving extensive research and development and helmed by a robust leadership that aims to create the most optimized photographic experience.

There has been a huge rise of customized, large-pixel sensors being integrated in premium smartphone designs. Increased pixel dimension results in paramount performance allowing users to capture the most detailed and vivid snaps. Photosensitive detectors have been significantly enhanced to deliver pictures that capture the most light. TECNO have successfully incorporated the most impactful digital trends dominating today’s markets in their latest flagship device, the PHANTOM X.

This includes the advanced 50MP Ultra-Night Camera with a 1/1.3-inch Ultra-Large Sensor, enabling much greater light sensitivity and a better sensitivity to low-light environments, helping users capture the most striking images which display excellent visual quality and extreme clarity.

Premium Flagship Differentiates with its Service

TECNO believes, while continuously satisfying consumers’ high standards for technology experience and exquisite design, the premium flagship also differentiates with its exclusive concentration on exploring new demands of premium markets in the ever-evolving social context. For example, with the advent of the Internet of Everything era, people’s lives are becoming more and more dependent on mobile phones.

Occasionally, users’ business documents, family affairs, financial documents will have to be processed on the smartphone which has led to a privacy protection issue. TECNO accurately identified and provided a premium service in data security and privacy protection by introducing newly launched PHANTOM X.

While the fierce competition in the smartphone market will continue, the players among them have been changing all the time. It is no doubt that there will always be full of changes and opportunities with various smartphone brands are raging in the mid-to-high-end market.

However, from the newly-launched flagship of TECNO, the company has figured out a right strategy in terms of many aspects like elegant design language, technology, and fast and smooth user experience.

Just like General Manager of TECNO, Stephen Ha said “With PHANTOM, rules are challenged, broken, and redefined.” The future of TECNO is worth looking forward to.