Gokada Unveils Super App To Lure More E-commerce Clients

Gokada is bolstering its e-commerce and food delivery business with an app to lure users in Africa’s biggest economy.

The Nigeria-based last-mile delivery, logistics, and transportation start-up Gokada has launched a ‘Super App’ where customers can access food delivery, e-commerce, and ride-hailing services in one app.

According to the start-up, it has crossed over the $100-million in annualised transaction value, having completed over one million food delivery and e-commerce orders on behalf of over 30,000 merchants in the last 12 months alone.

The company said with increasing internet penetration and ease of mobile payments, the country’s e-commerce sector is set to grow and last-mile delivery is set to drive this even further.

Gokada is looking to serve this growing market with expansions from its current base in Lagos, across multiple cities in Nigeria, including Abuja, Port Harcourt, Ibadan and Ogun. Gokada plans to leverage its recent NIPOST licence for cross-country courier and logistics services as it expands across the country.

Its CEO, Nikhil Goel, said: “The ecommerce and delivery market in Nigeria is growing at an exponential rate and will be worth $20-billion over the next few years. I experienced the same kind of growth in India when I was with Zomato. Much like in India and our counterparts in other emerging markets, Gokada is building a transport infrastructure from the bottom up, using well-trained riders, powered by technology, to connect businesses large and small with a consumer base in its millions. This launch is core to our objective of positioning Gokada at the centre of Nigeria’s e-commerce and delivery revolution”.

According to ITWeb, in addition to the launch of the Gokada Super App and its multi-city expansion plans, Gokada confirmed it is also strengthening its Senior Management team, with the recent appointment of Dika Oho as VP Product, who was previously Director of Developer Growth at Andela and will lead Gokada’s product development.

“Gokada’s expansion will see the creation of new jobs, with the addition of thousands of new G-pilots, the largest last mile delivery fleet size in Lagos. As well as significantly expanding its last-mile delivery offering, Gokada will also reintroduce its popular ride-hailing service in cities where licenses are available, initially starting with Ogun and Ibadan,” the company stated.

“For the thousands of businesses who rely on the Gokada Super App to fulfill deliveries, they will have access to thousands of pilots, be able to create easy order management, use API integration to create and cancel orders, estimate delivery charges, and receive status updates straight from their mobile device, as well as select route optimization to reduce delivery costs.

“The past year has shown us all – whether it be for general use or for business continuity – just how much we rely on delivery services to fulfill daily needs. Business is changing, and the Gokada Super App has been designed with that very consideration in mind – keeping customers and businesses connected and updated at all times throughout the delivery process.

We are excited to be leading and growing this market segment in Nigeria, delivering a service that we believe will be the backbone and catalyst for the future of commerce in Africa,” Goel said.

NAHCO, United Airlines Seal Handling Deal

Nigerian Aviation Handling Company (NAHCO) Plc, has clinched the handling contract for United State based United Airlines for the next three years.

United Airlines, having voluntarily exited the Lagos airspace since 2016, is making a return in November, with NAHCO as its preferred partner, providing passenger and ground handling services.

According to NAHCO’s Group Executive Director, Business Development and Commercial, Prince Saheed Lasisi, who expressed excitement on the feat while making the announcement, described it as a boost for the industry.

He said: ‘’NAHCO is excited to be the chosen one, we welcome United Airlines back to our airspace, and we are ever ready to provide the airline quality handling at all times, as being currently provided to our numerous client airlines.”

The company recently signed a five-year contract with Qatar Airways in Abuja, as well as renewed the Lagos contract for another five years.

Lasisi said: “With the new contracts, which run for five years and coupled with the additional frequencies of Qatar flights to Nigeria and Ghana, we are glad to go even further to provide the top -notch services for which we are known and have offered the airline for the past nine years.”

The renewed contracts cover all service areas, as it will see NAHCO provide passenger, cargo, and ground handling services to Qatar Airways.

It also includes the provision of crew transportation and other ancillary services to the respected airliner.

Also, NAHCO has renewed its contracts with Egypt Air and Royal Air Maroc for another three years. The new signings and renewals signal NAHCO’s commitment to service excellence and reaffirm its leadership position in the nation’s ground handling business.

Risk Of COVID-19 Surge Threatens Africa’s Health Facilities

As the risk of a surge in COVID-19 cases increases, African countries must urgently boost critical care capacity to prevent health facilities from being overwhelmed. This comes as vaccine shipments to the continent grind to a near halt.

Weak observance of preventive measures, increased population movement and interaction, as well as the arrival of winter in southern Africa, have heightened the risk of COVID-19 resurgence in many countries.

In the last two weeks, Africa recorded a 20% increase in cases compared with the previous fortnight. The pandemic is trending upwards in 14 countries and in the past week alone, eight countries witnessed an abrupt rise of over 30% in cases.

South Africa is reporting a sustained increase in cases, while Uganda saw a 131% week-on-week rise last week, with infection clusters in schools, rising cases among health workers and isolation centres and intensive care units filling up. Angola and Namibia are also experiencing a resurgence in cases.

The increase comes as COVID-19 vaccine shipments continue to slow down. Burkina Faso this week received just 115 000 doses from the COVAX Facility, while Rwanda and Togo each received around 100 000 Pfizer vaccine doses. Nearly 20 African countries have used up more than two-thirds of their doses. The COVAX Facility is in talks with several manufacturers, as well as with countries that have vaccinated their high-risk groups to share doses.

“The threat of a third wave in Africa is real and rising. Our priority is clear – it’s crucial that we swiftly get vaccines into the arms of Africans at high risk of falling seriously ill and dying of COVID-19,” said Dr Matshidiso Moeti, the World Health Organization (WHO) Regional Director for Africa.

“While many countries outside Africa have now vaccinated their high-priority groups and are able to even consider vaccinating their children, African countries are unable to even follow up with second doses for high-risk groups. I’m urging countries that have reached a significant vaccination coverage to release doses and keep the most vulnerable Africans out of critical care.”

Altogether, 48.6 million doses have been received and 31.4 million doses have been administered in 50 countries in Africa, where around 2% of the population have received at least one dose of the COVID-19 vaccine, while globally 24% have been vaccinated.

As the continent struggles with vaccine shortages, the care of critically ill COVID-19 patients is also lagging behind other parts of the world. While Africa has 2.9% of cases globally, it accounts for 3.7% of deaths.

A WHO survey carried out in May found that in many African countries, crucial equipment and the health workforce required to handle severely ill COVID-19 patients fall far short of needs. Of the 23 countries responding to the survey, most have fewer than one intensive care unit bed per 100 000 population and will require an increase of between 2500% and 3000% to meet needs during a surge.

Among the countries providing information on ventilators, only a third of their intensive care unit beds are equipped with mechanical ventilators.

High-income countries such as Germany, Luxemburg or the United States of America that have been able to cope with COVID-19 surges have over 25 beds per 100 000 population.

“Many African hospitals and clinics are still far from ready to cope with a huge rise in critically-ill patients. We must better equip our hospitals and medical staff to avert the worst effects of a runaway surge,” said Dr Moeti. “Treatment is the last line of defence against this virus and we cannot let it be breached.”

Since the onset of the pandemic, WHO has worked around the clock and in collaboration with countries to ramp up COVID-19 treatment capacity by delivering essential medical supplies as well as health worker training.

The number of oxygen concentrators, for instance, has increased to over 6700 as of April 2021 compared with 2600 in April 2020, with WHO providing around 3700 of the medical equipment to countries in addition to shipping about 680 ventilators.

The Organization has also deployed 21 experts in COVID-19 treatment to eight countries to assist in the clinical care of critically ill patients and share expertise with national health workers.

To further reinforce COVID-19 critical care services, WHO recommends that every district hospital should have a high-dependency unit, while those at the regional or provincial level have an intensive care unit and higher-level health facilities set up 2—3 intensive care units. All intensive care units must be adequately equipped.

Dr Moeti spoke during a virtual press conference today facilitated by APO Group. She was joined by Professor Daye Ka, Infectious and Tropical Disease Expert, Member of COVID-19 task force, treatment pillar, Senegal, and Dr Norbert Ndjeka, Director, Drug-Resistant TB, TB & HIV, Department of Health, South Africa.

Also on hand to answer questions were Dr Richard Mihigo, Coordinator, Immunization and Vaccines Development Programme, WHO Regional Office for Africa, and Dr Thierno Balde, Team Leader, Operational Partnerships, WHO Regional Office for Africa.

Zoom Media Partnership With Kantar Reveals Post-COVID Data Proves Gyms Are Back And They Are Packed

Americans are getting back on their feet and getting to the gym, according to Lorraine Pyne, Vice President, Sales, and Marketing at Zoom Media.

Her company owns and operates GymTV, which broadcasts in 5000+ health clubs across the U.S., Canada and the U.K. For more insights, continue to read the MediaVillage Knowledge Exchange article titled Post-COVID Data Proves Gyms Are Back, and They Are Packed that follows.

This is a first look at post-COVID gym traffic. Following up on this optimistic trend, Zoom Media is partnering with Kantar, a leading marketing research and insights company, to launch a qualitative study on behaviors and attitudes of those who are now getting back to the gym. This information will then be combined with Kantar’s large quantitative base of data. This synergy helps deliver more granularity in the measurement.

“That is what we get from our Kantar partnership,” Pyne explained, “They’ve done a great job in providing us the data that we need to propose our media impact and report results to our clients more granularly.”

Will Koning, Chief Data Officer at Kantar added, “We collect check-in data from gyms and use primary research data to convert the check-in data to audience insights including behavior, dwell time, ability to view GymTV, etc.”

Zoom Media’s Traffic Tracker

The first step in this marketplace analysis was a review of Zoom Media’s traffic tracker of the 3700+ GymTV locations across the United States. “It shows average monthly gym visits measured pre-COVID all the way to date,” Pyne stated. The results are very encouraging and point to a strong rebound in gym attendance.”

In terms of the major takeaways, Pyne shared, “From the data, we are seeing a high return to and enthusiasm for the gym. In April, we saw over 51 million visits to our GymTV locations nationally.” Of course, it would be unfair to compare these results to pre-COVID level but, Pyne asserted, “Our latest gym attendance, even with capacity limits, is already at 65% of visits pre-COVID.

Therefore, what are projecting, based on the positive data trends we are seeing, that with 100% of our partner gyms open and expanding capacities as well as our month-to-month increases, gym attendance will be close to pre-COVID levels by July 1, 2021.”

This data reflects a national footprint across all 50 states and in over 190 DMAs. There was some regional variation in the data based on capacity limits, but “we’ve seen an increase across most markets if not all,” Pyne added.

Koning noted that, “The audience currency we produce is from the gym chains. They provide the check-ins and we process that data using data science techniques to ascribe the data that we get from the primary research.”

Check-in data alone doesn’t tell the full story of the visit, therefore, ascribing the check-in data enables Kantar to ascertain behaviors such as the areas of the gym where activity took place and duration of the stay, “whether they have been wearing headphones, or whether they can hear the ambient audio or not,” among other behaviors, “so as to get a very comprehensive understanding of who has seen the content and ads on GymTV and for what period of time so we can determine actual impressions, demographic breakdown and whether they were paying attention to the screens,” he explained, including recall.

Feeling Optimistic

The surge in gym traffic is no surprise to Pyne. “We expect to see unprecedented traffic to gyms in the fall and winter,” she predicted. “Because of the pandemic, the awareness and the importance of a healthy, active lifestyle is higher than ever before.”

And with the current strong growth in gym attendance, Pyne sees it as, “the light that we have all been waiting for.

It is a sign that life is finally returning, maybe a new normal, and people are getting out of the house. The increase in gym traffic shows us that more and more people are not just going outside again, they are prioritizing their health.”

After a tough year, the massive adoption of healthy, active lifestyles represents a move (or rather, a sprint) in the right direction.

Kantar Grew Revenue by 3% To $896 Million In Q1, Raises For Q2 Outlook

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Kantar, the world’s leading data-driven insights and consulting company today released financial results for the quarter ended 31 March 2021.

  • Q1 Revenue up 3% y/y to $896m, with 6 of 7 divisions delivering growth, including double digit growth from Worldpanel and Public, returning top-line to pre-pandemic trading
  • Gross Margin improved by 1% pt to 66%, delivering $592m, +5% y/y, as we continue to drive more efficiencies and automation via platforms and offers such as Marketplace, Worldpanel+ and HBG, and continue to shift our survey methodology to on-line.
  • Strong conversion of this revenue growth to bottom line profit with $118m EBITDA, up 59% y/y, reflecting our progress against transformation plans together with effective cost control.
  • Q1 revenue excluding the divested Health division was $848m up 3% y/y.
  • Positive outlook for the rest of the year with strong levels of secured revenue and double- digit revenue growth expected for
  • Required antitrust clearance has been obtained. Close expected within the first half of Q3 2021.

Ian Griffiths, Deputy CEO and Chief Financial Officer commented: “We have made a good start to 2021, with our growth taking us back to pre-pandemic trading levels. Trading improved through 2020 and the momentum we carried into the year is reflected in this quarter’s results. The first quarter of 2021 was our third sequential quarter of improving performance and I am pleased to see it continue into the second quarter.

The double-digit growth we saw in Worldpanel, together with good results in our Brand, Creative, Consulting and Analytics businesses, reflects the trust client’s place in our data, insights and consultancy services to help them understand how their markets have evolved through the pandemic, and where their next wave of growth will emerge.

Our Audience Measurement business continues to be robust and our support of governments around the world in managing the policy implications of COVID-19 was an impressive driver of growth for our Kantar Public business. I am pleased too with the pace of transition we are achieving in the shift of our survey methodology from face-to-face to online.

We continue to invest in the business, our talent, our technology and new products as we accelerate the pace of our transformation plan. This is already delivering margin improvement and structural savings that will benefit future years.

We are making good progress in reshaping the business. We completed the majority of the sale of the Health business to Cerner effective 1 April. We entered into a definitive agreement to acquire Numerator, the Chicago-based shopper insights business, and are pleased this has now achieved required antitrust clearance. With a combined panel of more than one million households around the world, we believe the Numerator deal makes Kantar the global standard for shopper insights and grocery market share.

I thank our incredible people all around the world. Their resilience, ingenuity and teamwork, while many are still managing major effects of the pandemic, has delivered this strong set of results and helped create the platform for future growth.”

Q2 Outlook

April revenue growth, excluding Health, was +18% vs. 2020 with EBITDA, excluding Health, well above 2019 levels. Both annual and 90 day secured revenue are ahead of our historic averages. This leads us to affirm that we expect Q2 Revenue growth will be better than our Q1 performance, delivering strong double-digit growth. There still remains a level of uncertainty in some markets which makes it difficult to have clear visibility on revenue beyond the next 90 days.

Investment professionals can access Kantar’s full financial results via our Investor Relations page.

This announcement contains certain forward-looking statements with respect to certain of our current expectations and projections about future events. These statements reflect management’s beliefs and expectations and involve a number of risks, uncertainties, and assumptions that could cause actual outcomes to differ materially from any expected future outcomes expressed or implied by the forward-looking statement.

The information contained in this announcement is subject to change without notice and, except as required by applicable law, we do not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement.

 

 

Gerety Awards: Nigerian Jury Panel to sit on June 9

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The 2021 Gerety Awards Executive judging sessions will begin soon, followed by live jury panel discussions around the world. The Nigerian panel will go live on 9 June at 2 pm Lagos Time as part of a series of unique events held globally between 7 June and 17 June.

Watch the Nigerian panel here on the Brand Spur YouTube Channel.

The Nigerian panel will be moderated by Brand Spur Nigeria and will include:

  • Gbemi Adekanmbi (For Creative Girls founder)
  • Solape Akinpelu (CEO/CMO at HerVest)
  • Adebola Williams (GM Marketing at UAC Foods)
  • Dolapo Otegbayi (Specialised Nutrition Director, FrieslandCampina WAMCO)

They will discuss entries from this year’s Gerety Awards.

Beta Glass Company Fixes July 1 for 47th AGM in Lagos

On July 1st, 2021, the shareholders of Beta Glass Company Plc gather for the company’s 47th Annual General Meeting (AGM).

The 47th Annual General Meeting of Beta Glass PLC will be held by Proxy at Eko Hotels and Suites, 1415 Adetokunbo Ademola Street, Victoria Island, Lagos on Thursday, July 1, 2021, at 12.00 Noon for the following purposes:

  1. To lay before the meeting, the audited financial statements for the year ended December 31, 2020, together with the Directors’, Auditors’ and Audit Committee’s Reports thereon.
  2. To declare a dividend.
  3. To re-elect Directors retiring in accordance with the Company’s Articles of Association.
  4. To authorize the Directors to fix the remuneration of the Auditors.
  5. To disclose the remuneration of the Managers of the Company
  6. To elect Shareholders’ Representatives on the Audit Committee.

SPECIAL BUSINESS

  1. To fix the remuneration of the directors.
  2. To renew General Mandate for Related Party Transactions.

A look at Beta Glass’ 2020 financials

Beta Glass Plc released its 2020 Audited results for the period ended December 31st, 2020 in which the revenue declined by -12.8% to N25.6bn from N29.4bn in the previous quarter. Also, profit before tax declined by 36% to N5bn while Profit after tax declined by 38% to N3.5bn. The company’s net assets grew by 7.6% from N35bn to N37bn.

Lekoil’s CEO Sacked, Anthony Hawkins Appointed As Interim Chairman

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LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that it has terminated the employment contract of its CEO, Mr. Olalekan Akinyanmi, with immediate effect, due to a corporate governance breach.

The Company will commence a search for a new CEO and, in the interim period, Anthony Hawkins will act as interim Executive Chairman of the Company.

As previously announced, the Company is the lender under a loan agreement with Mr. Akinyanmi (the “Loan”). As of 31 May 2021, the outstanding balance of the Loan was approximately US$1.5 million. The Company will commence proceedings to recover the Loan. 

Lekoil
Olalekan Akinsoga Akinyanmi | Brand Spur

Corporate governance breach do arise from the Management, who deliberately undermines the role of the various governance structures by circumventing the internal controls and making misrepresentations to auditors and the Board

Founder of Lekoil Ltd. and Encabler, Inc., Olalekan Akinsoga Akinyanmi occupies the position of Chief Executive Officer & Director at Lekoil Ltd. He is also on the board of Aiico Insurance Plc, 1770 Holdings Ltd., 1770 Capital Management Ltd. and Tomlex Ventures and a Member of the Society of Petroleum Engineers (Nigeria).

In the past, Mr. Akinyanmi held the position of Vice President & Research Analyst at AllianceBernstein LP and Associate Director at UBS Securities LLC.

He received an MBA from the Massachusetts Institute of Technology and an undergraduate degree from Obafemi Awolowo University.

Lekoil Sacks Its CEO over Corporate Governance Breach

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LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that it has terminated the employment contract of its CEO, Mr. Olalekan Akinyanmi, with immediate effect, due to a corporate governance breach.

The Company will commence a search for a new CEO and, in the interim period, Anthony Hawkins will act as interim Executive Chairman of the Company.

As previously announced, the Company is the lender under a loan agreement with Mr. Akinyanmi (the “Loan”). As of 31 May 2021, the outstanding balance of the Loan was approximately US$1.5 million. The Company will commence proceedings to recover the Loan. 

Lekoil
Olalekan Akinsoga Akinyanmi | Brand Spur

Corporate governance breach do arise from the Management, who deliberately undermines the role of the various governance structures by circumventing the internal controls and making misrepresentations to auditors and the Board

Founder of Lekoil Ltd. and Encabler, Inc., Olalekan Akinsoga Akinyanmi occupies the position of Chief Executive Officer & Director at Lekoil Ltd. He is also on the board of Aiico Insurance Plc, 1770 Holdings Ltd., 1770 Capital Management Ltd. and Tomlex Ventures and a Member of the Society of Petroleum Engineers (Nigeria).

In the past, Mr. Akinyanmi held the position of Vice President & Research Analyst at AllianceBernstein LP and Associate Director at UBS Securities LLC.

He received an MBA from the Massachusetts Institute of Technology and an undergraduate degree from Obafemi Awolowo University.

Digital Health Revenues To Jump by 34% And Hit $177.5B By 2023

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Although the COVID-19 pandemic put enormous pressure on the global healthcare sector, one of the promising side effects has been the rapid growth of digital health services.

During the crisis, hospitals were facing the most challenging public health threat they have ever experienced. However, digital health has stepped in providing innovative and effective solutions for chronic patients or those in need of immediate healthcare.

As a result, the revenues of the entire sector jumped by 30% YoY, reaching $109bn in 2020.

According to data presented by Trading Platforms, digital health revenues are expected to hit $132.2bn in 2021. The entire industry is forecast to continue growing and reach a $177.5bn value by 2023, a 34% increase in two years.

Digital Fitness Revenues to Jump by 40% in Two Years, eHealth Segment Follows with a 27% Increase

The digital health market covers many technologies, including mobile health apps, connected wearable devices, and telemedicine. By tracking physical activities or identifying early signs of developing diseases, these technologies enable millions of people worldwide to monitor and record their health conditions more efficiently and in a user-friendly manner.

The surge in the use of the internet and smartphones and the shift towards a healthier lifestyle have been driving the impressive growth of the entire sector even before the pandemic. However, the COVID-19 has undoubtedly fuelled the widespread use of digital health apps and solutions.

In 2019, the entire market generated $83.3bn in revenue, revealed the Statista data. After the pandemic struck, revenues jumped by $25.6bn in a year. The widespread use of digital health solutions is expected to continue this year, with the entire sector growing by 20% YoY. By 2023, global digital health revenues are forecast to increase by another $45.3bn.

As the largest segment of the market, digital fitness is expected to generate $76.3bn in revenue in 2021. By 2023, this figure is forecast to grow by nearly 40% to $106.2bn.

E-health services are set to witness a 27% growth in this period, with revenues rising from $55.8bn to $71.3bn.

China and the United States to Generate 50% of Total Revenues

The Statista survey also revealed the following years are set to witness substantial growth in the number of people using digital fitness apps and eHealth services.

In 2021, the unified market is expected to count close to 3 billion users, almost 40% more than before the pandemic struck. By 2023, this figure will jump over 3.5 billion and continue growing to 4 billion by 2025.

The number of people using digital fitness apps is expected to jump by 27% in the next two years, rising from 980 million to over 1.2 billion. The eHealth segment is forecast to witness a 17% growth in this period, with the number of users reaching 2.2 billion by 2023.

As the world`s largest digital health market, China is forecast to generate $38.5bn in revenue in 2021, up from $30.8bn last year. In the next two years, the Chinese market is expected to hit $52.7bn value.

With 261.6 million users and $26.3bn in revenue in 2021, the United States ranked as the second-largest market globally. By 2023, this figure is set to jump to $31.4bn.

India, Japan, and Germany follow with $6.2bn, $4.2bn, and $3.5bn in revenue in 2021, respectively. Statistics show that China and the US, as the two largest markets, are expected to generate nearly 50% of global digital health revenues this year. By 2023, their combined revenue share is expected to slip to 47%.