Cannes Lions: Young Lions Creativity Awards Assignment Excites AAAN President

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Young Lions Creativity Awards will Deepen Young Practitioners Skills – Babaeko

The President of the Association of Advertising Agencies of Nigeria (AAAN) and Founder /Chief Executive Officer, X3M Ideas, Steve Babaeko, has been selected by the organisers of prestigious Cannes Lions Advertising Festival to function as a member of jury for the 2021 Edition of its Young Lions Creativity Awards slated for this month (March).

Steve Babaeko Brandspurng Cannes Lions Young Lions Creativity Awards Assignment Excites AAAN President1
Steve Babaeko, AAAN President and Founder/CEO, X3M Ideas | www.wordpress-1516176-5827464.cloudwaysapps.com

Steve Babaeko who is arguably the most capped Nigerian international Advertising jury, having featured at the New York Advertising Festival (three times), Lisbon Advertising Festival, Cristal Festivals among others, said he is excited and most impressed by his current selection by the Cannes Festivals as the role has the propensity to positively influence the younger and future generation of advertising practitioners.

Steve Babaeko Brandspurng Cannes Lions Young Lions Creativity Awards Assignment Excites AAAN President1
Steve Babaeko, AAAN President and Founder/CEO, X3M Ideas | www.wordpress-1516176-5827464.cloudwaysapps.com

Reacting to his selection, the AAAN President told our correspondent,

“I am extremely passionate about capacity building for generation next. As President of AAAN one of the cornerstones of our agenda is to develop young practitioners so they can be even greater than us. That is why being on the young lions jury is a huge opportunity for me and our crop of young practitioners in Nigeria”.

Steve Babaeko Brandspurng Cannes Lions Young Lions Creativity Awards Assignment Excites AAAN President1
Steve Babaeko, AAAN President and Founder/CEO, X3M Ideas | www.wordpress-1516176-5827464.cloudwaysapps.com

Citing Amanda Banfield, Vice President Snacking and Marketing Services, Mondelez Europe, Babaeko noted that leaders in the industry must, “Get clearer on what’s constant, what’s changing, and what shifts we need to make as leaders in our organizations”, adding that this continuous re-assessment is key is  in a bid to pave the way and move the industry forward.

“Industry leaders as mentors and influencers must bring our mentees to speed to ensure a future for our industry”, Steve warned.

This is not the first time Babaeko will be taking on assignments for Cannes Lions. In June of 2019, he was under the global advertising klieg light as he was invited by the organizers of the global advertising event to make a global presentation on the theme: “Telling the Authentic African Story”.

The AAAN President was selected by Adweek, a frontline American media conglomerate and the gatekeeper of the global marketing practice, as one of 2019 Adweek’s Creative 100, a group of distinguished practitioners  otherwise described as “Most Fascinating People in Marketing, Media and Culture for the year”

Expatiating on his new assignment Babaeko said the Young Lions Competitions is where the next generation of creative stars go head-to-head. “If you’re under 30 the Young Lions competitions is one of the best places at the festival to celebrate your creativity on a global stage”.

“Anyone aged between18-30 can enter. You might be a student, working as a creative in an agency, a brand marketer, a coder, an artist etc.  Everyone is welcome providing you are born on or after March 5, 1989”.

The competitions are designed to navigate participants through the New Creator’s Toolkit and such that he or she will discover powerful tools to succeed in his\her creative journey.  These include Ideas & inspiration, putting skills into practice, Career advice, Brand perspectives and Trends & insights among others.

Participants will learn to answer creative briefs in a fast-paced, competitive environment. Working in a team of two in just 24 hours! They would also have the opportunity to showcase their talents in front of a prestigious jury, over 450 fellow competitors and the international Festival community.

According to the organizers, the Gold winners will be celebrated at the Cannes Lions Award Show with Gold winners collecting their awards on stage and claiming a complete Cannes Lions pass and accommodation for next year’s festival.

Apart from Nigeria’s X3M Ideas’ Founder/CEO, other members of the jury include Asawin Phanichwatana, Deputy Chief Creative Officer, GREYnJ UNITED, Bangkok, Thailand; Beryl Chung Creative Director, MediaMonks, Netherlands; Ciro Sarmiento, Chief Creative Officer, Weber Shandwick, USA; Franki Goodwin, Creative Director, Saatchi & Saatchi, UK and Geet Rathi, Creative Director / Design Director, TBWA Mumbai, India among other.

First-Of-Its-Kind Index Measures Health System Sustainability For Nigeria, 17 Other African Countries

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…Builds Evidence Base to Advance Universal Health Coverage Goals

♦ The Index aims to enable data-driven decision making for health and reveals correlations between economic strength and health system sustainability

♦ Findings show that countries with good access to services do not always have similar scores for the quality of the health services provided, suggesting holistic policies that prioritize access and quality are needed to meaningfully impact Universal Health Coverage goals

♦ The Index scores reveal an opportunity to advance Innovation across the Continent, the area where Africa has the lowest mean score, by pursuing policies that advance uptake of novel technology

Today, the FutureProofing Healthcare initiative, an initiative designed to enable data-driven dialogue about the future of healthcare, launched the Africa Sustainability Index at the 2021 Africa Health Agenda International Conference (AHAIC).

Led by a panel of 10 independent African healthcare experts, the first-of-its-kind, data-driven policy tool measures the current status of health systems in 18 countries across Africa and provides valuable context as countries across the continent determine how to accelerate universal health coverage (UHC) goals and progress on the United Nations Sustainable Development Goals (SDGs) in the face of the COVID-19 pandemic.

The data can be explored online at www.futureproofinghealthcare.com. The FutureProofing Healthcare Africa Sustainability Index presents an objective view of how health systems are currently performing and is intended to inform policies that promote sustainability and resiliency for the future.

Through publicly available data, the Index examines 76 different measures split across six categories called Vital Signs.

These Vital Signs – Access, Financing, Innovation, Quality, Health Status and Wider Factors of Health – provide a holistic view of the fundamental drivers of sustainable healthcare systems. The Index also compares approaches between countries, identifies elements that lead to more sustainable care and promotes best practices through a future-focused analysis of real-world solutions.

READ ALSO: SON Council Approves 96 New Standards – Health, Agriculture, Food Top List

Supported by Roche, experts from organizations including Amref, the World Bank, United Nations Development Programme /(UNDP), the African Society for Laboratory Medicine and the Africa Centres for Disease Control and Prevention collaborated to develop the FutureProofing Healthcare Africa Sustainability Index.

“Sustainable healthcare is a key element on the journey towards UHC and will impact millions of lives in Africa,” said Githinji Gitahi, CEO of Amref and Africa Sustainability Index panellist.

“The Sustainability Index is a useful tool in guiding stakeholders in the healthcare ecosystem on where to focus efforts, make improvements and identify best practices from other countries. On behalf of my fellow panel members, it is our intention that this tool will spark conversation about actions that are needed today to create more resilient, sustainable health systems in the future.”

The findings of the Africa Sustainability Index indicate that economic strength and political stability are key drivers behind overall performance in healthcare sustainability, with most of the countries that perform well in the Financing Vital Sign also doing well in the Index overall. These countries include South Africa, Rwanda, Algeria, and Ghana.

The Index also reveals that all countries analyzed have numerous areas of opportunity for improvement. There are strong variations throughout the continent related to the Access and Quality Vital Signs, suggesting that targeted policies in these areas will make an impact in achieving UHC goals.

Driving disparities in Access are the number of doctors and specialized healthcare professionals per capita, as well as the level of access to preventative health services. South Africa is the highest-ranking country in the Access Vital Sign, followed at some distance by Libya, Zambia, and Tunisia.

Another area of focus for improvement is within the Innovation Vital Sign, which has the lowest mean score of the six Vital Signs.

Innovation was defined by the panel as ‘advancement, access and application of novel technology.’ South Africa is the top-performing African nation in this Vital Sign, followed at some distance by Rwanda, Ethiopia, and Tanzania.

Still, many best practices exist at the country-level, such as creating a future-looking policy and legal environments and adopting new technologies.

First-Of-Its-Kind Index Measures Health System Sustainability For Nigeria, 17 Other African Countries

As health systems across Africa currently face acute pressure from the COVID-19 pandemic, the Africa Sustainability Index aims to identify key drivers that affect the capacity of health systems to cope with the system-level strain.

Data from the Index can be used  to inform policies that help health systems continue to manage and ultimately recover from the crisis as well as be used as the foundation for policies that enable more resilient health systems that are prepared to address both health crises and ongoing population health needs.

The results of the Financing Vital Sign suggest that there is little difference between some countries’ healthcare financing models. However, this similar approach does not yield similar results across all Vital Signs.

While there is a clear positive correlation between economic strength, political stability and the sustainability of a healthcare system, there are strong variations in Access and Quality Vital which suggests that, beyond financial reforms, targeted policies in these areas could go a long way in achieving UHC.

Prof. Glenda Gray, President and CEO, South African Medical Research Council, and member of the Expert Panel, added, “Unless we analyze the consequences of the COVID crisis, it has the potential to increase healthcare inequity, costs, and inefficiency.

Yet, if harnessed, it can mean better healthcare for all in more sustainable and resilient health systems. There are actions that every country can take to start on this journey today. We must work together immediately to rebuild better and give African people the care that they deserve.”

Countries included in the Index are Algeria, Angola, Cameroon, Côte d’Ivoire, the Democratic Republic of the Congo, Ethiopia, Ghana, Kenya, Libya, Morocco, Mozambique, Nigeria, Rwanda, South Africa, Sudan, Tanzania, Tunisia, and Zambia.

The Africa Sustainability Index is now available on FutureProofingHealthcare.com.

Seplat — A Silver Lining Amidst The Uncertainty

Seplat’s 2020FY performance ended on a negative note, as the top line dipped by 10.85% YoY to NGN190.92bn (vs. 2019FY: NGN214.16bn). Excluding the impact of Naira devaluation, the decline was much worse, as the top line fell by 23.98% YoY (2020FY: USD530.47mn, 2019FY: USD697.78mn).

The oil industry faced tough headwinds in 2020, with global oil demand cascading to record low levels. Nevertheless, SEPLAT managed to increase crude oil lifted by 36.36% YoY, arriving at a total of 10.5MMbbls from 7.7MMbbls in 2019. Working interest production grew by 10.08%YoY (51,183boepd) and stayed within the guidance of 47,000boepd – 57,000boepd set for the period.

The uptick in production was due to new additions from OML 40 and Ubima blocks (acquired Eland asset) which contributed 26% of total liquid production in 2020.

READ ALSO: Seplat Reports 24% Revenue Decline in 2020 Results; To Pay Investors $0.10 Dividend

However, despite selling higher volumes, crude oil revenue plummeted by 15.59% YoY to USD417.94mn (prev. USD495.10mn), on the back of a lower average oil price of USD39.95/barrel realized for 2020, compared to USD64.40/barrel in 2019.

Albeit we note that this fall was marginal (-1.01% YoY) in Naira terms (2020FY: NGN150.42bn, vs. 2019FY: NGN151.95bn), due to the positive impact of the currency devaluation on crude sales.

Gas Business Looks Promising For Topline.

In the gas segment, sales plunged by 17.11% YoY to USD112.53mn (-2.80% YoY to NGN40.50bn). This was affected by lower gas demand from off-takers due to the pandemic, which saw working interest production for gas dip by 22.90% YoY to 101 MMscfd. Nonetheless, we are encouraged by SEPLAT’s continued investment in gas production, which bears good prospects for the segment’s growth over the medium term.

Gas sales has so far contributed c.21% to topline and the ANOH gas plant
development at OML 53 is projected to increase SEPLAT’s total gas processing plant capacity by 83.88% to over 825MMscfd. Thus, our outlook for gas contribution to the topline is positive and is expected to hit c.32% when the ANOH gas project is completed in Q4:2021. For crude oil, an uptick in oil price, as well as growing oil demand, would prop up sales – also as SEPLAT’s working interest production increases due to new additions from acquired assets. Hence, we expect the overall topline to uptick by 33.66% to NGN255.19bn (USD622.44mn, +17.33% YoY) for 2021FY.

Cost of Sales Reach Record Peak.

Increased production from the Eland asset gave rise to an uptick in royalties and crude handling fees, thus lifting cost of sales by 34.38% YoY to USD405.89mn (vs. USD302.04mn in 2019FY). The OPEC+ revised production adjustment also contributed to its increased cost profile, as SEPLAT’s production quota was cut to 410,000bbls (on a gross basis), impacting economics of scale.

This contributed to the spike (+43.55% YoY) in unit production cost to USD8.90/boe, from USD6.20/boe in 2019. Nevertheless, we expect to see a reduction in cost of sales by 15.49% in 2021, owing to cost saving projects already in progress at Eland facilities. The group also witnessed a significant impairment loss on financial and non-financial assets (-USD144.35mn), thus, dragging EBIT to a loss of USD31.72mn (vs. USD311.98mn
in 2019FY). Management attributes this to lower oil price and economic uncertainty which impacted the overall value of oil and gas assets, which we do not expect to recur in 2021.

Also, free cash flow remained negative in 2020 (-USD23.54mn) albeit an improvement over 2019 figures (-USD302.11mn).

Recommendation

According to Meristem report, there is a projection of an EBITDA of USD409.29mn for 2021, with earnings expected to increase to USD190.08mn at an oil price average of USD60/barrel. A target EV/EBITDA of 4.30x has been adopted and adjusted for its net debt of USD568.88mn to arrive at a target price of NGN681.55.

This implies an upside potential of 26.24% from its current price as of 5th March 2021, thus we recommend a BUY.

Ecobank Partners NEXIM Bank, Unveils Trade Opportunities For Exporters

Ecobank, in partnership with the Nigerian Export-Import Bank (NEXIM), is hosting a breakfast meeting with exporters tomorrow (Thursday) by 11am.

The focus of the meeting according to Chijioke Uzoukwu, Head of Trade, Ecobank Nigeria would be on export credit insurance, SME export development and other related export matters.

Key speakers at the webinar include Kola Adeleke, Executive Director, Ecobank Nigeria; Yusuf Buhari, Deputy Head, SME Export, NEXIM; Bashar Garba Illo, Acting Head, Export Credit Insurance, NEXIM while Carol Oyedeji, Executive Director, Commercial Banking, Ecobank Nigeria will give the welcome address.

READ ALSO: List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

According to Uzuokwu, the webinar will explore the whole gamut of exports as it relates to credit insurance and how small and medium enterprises could benefit from export business. He called on exporters, importers, SME promoters and banks to join the webinar via Https://bit.ly/3aSgxSd

Ecobank Nigeria is providing opportunities that support exporters and importers within the African region. Ecobank’s unique intra-Africa trade solutions enable settlements of trade transactions and mitigate payment risk; provide regional solutions and enable exporters to obtain payment guarantees without the need for a letter of credit and its related costs to the importers.

The bank works closely with clients in reviewing key factors regarding transaction processing, settlements, financing, and risk mitigation as well as credit enhancement.

Ecobank boasts of a unique and large Pan-African platform that positions it to support trade at all levels. Its technology platform is designed to help unlock the opportunities of the continent through standardization across 33 countries while fueling regional integration, trade and investment across borders.

 

MTN Nigeria — Marginal Growth In Earnings Despite Impressive Top-line

…Impressive Top-line Growth In An Unprecedented Year

MTN Nigeria ended the year on a strong note, delivering an impressive topline performance, slightly above our forecast (+1.61%). Service revenue grew by 14.69% YoY to NGN1,339.03bn, led by growth in data (+51.49% YoY) and voice (+5.64% YoY), further complemented by a surge in fintech revenue (+27.18% YoY).

MTN shrugged off the early impact of the suspension of new SIM registration in late December, as it added 12.2 million customers in 2020, bringing its total customer
base to 76.5 million. As we rightly expected, the strong growth in data revenue was prompted by the COVID-19 lockdown, which led to a combination of increased active data users (+29.37% YoY) and data usage per user.

The company supported this increased demand by expanding its network capacity, 4G penetration, and coverage in rural areas, with the company’s 4G population coverage now at 60% (compared to 44% in 2019FY).

We like the growth in the company’s Fintech segment, as revenue rose by 27.18% YoY. The company expanded its MoMo agent network, registering over 280,000 (+159.26%YoY) sub-agents during the year. Fintech subscribers increased to 4.7 million from about 1 million in the prior period, while transaction volume rose to 51.5 million (+134.09% YoY).

READ ALSO: MTN Group Appoints New Executive To Drive Its Strategic Repositioning

We expect growth in revenue to continue to be led by mobile data and fintech revenue, driven by a robust subscriber base, continuous 4G network rollouts and increased rural connectivity. Nonetheless, we view the current suspension of new subscriber additions as a dampener on topline expectations, particularly if the stalemate prolongs beyond the first half of the year.

Increased Operating Expenses Weigh Down Margins

Brand Spur Nigeria understands that there was an 8.52% growth in operating profit, on the back of a 9.71% increase in EBITDA. The growth in EBITDA reflects the company’s strong cash generation, delivering a healthy free cash flow of NGN387.1bn (ex IFRS 16 adjustments). However, the EBITDA margin dipped by 250bps to 50.93%, largely due to heightened cost pressures.

Operating expenses grew by 21.28% YoY, attributable to the roll-out of new sites, the 23.86% adjustment in the official exchange rate which triggered higher lease rental
costs, and a 2.5% increase in VAT. Other factors that impacted OPEX are the change in the treatment of non-recoverable VAT on lease payment, and other one-off items – such as the donation to the coalition against COVID-19 in April 2020 and costs of Personal Protective Equipment (PPE).

While we expect to OPEX threatened by additional site rollouts and the effect of further devaluation on leases, Management has guided at ongoing efforts towards optimization of its cost structure, supported by a non-recurrence of one-off cost items in 2021, which should help preserve margins.

Higher Finance Costs Add to Bottomline Pressures

The company’s CAPEX for the year recovered from a slow start to settle at NGN298.63bn (+43.37%YoY), with CAPEX intensity increasing by 80bps to 22.18%. The company supported this with additional borrowings of NGN143.68bn, raising its stock of debt by 26.33% to NGN521.15bn.

This triggered an increase in net finance cost by 25.40% to NGN127.84bn, which added further pressure on net margins.

As a result, net margin dipped by 613bps to 15.24%, with PBT and PAT increasing by only 2.61% YoY and 0.95% YoY, to NGN298.87bn and NGN205.21bn, respectively. Management has expressed ongoing plans at tapping the debt markets in 2021, which should help diversify funding sources and lower funding costs. Also, the rebounding yield environment should support interest income.

Recommendation

While we expect top-line performance to remain robust, we continue to keep an eye on the bottom line and the possible threats to the bottom line.

We forecasted a 2021 EPS of 11.15 and applied a Target P/E ratio of 17.20x to arrive at our Target Price of NGN191.73.

This represents an upside potential of the upside from its current price, we, therefore, recommend a BUY on the counter.

Nigeria’s Yield Curve: Firmly In Retracement Mode

In our 2021 outlook report titled ‘A Shot at Recovery’, we noted that our overall outlook for the yield environment in 2021 was biased towards an upward reversal from the historically low levels of 2020.
We cited increased deficit funding pressure, downward pressure on liquidity levels and a likely reversal to hawkish monetary policy in the latter part of the year as factors likely to guide yields higher in 2021, coupled with the introduction of “Special Bills” by the apex bank without leaving out the market’s desire for better rates.
In line with our outlook, albeit earlier than anticipated, the predominant theme in the fixed income market so far this year has been one of yield expansion. The average yield on FGN bonds has surged significantly (up by 325bps from 6.12% on 31-Dec 2020 to 9.37% as of Friday, 5-Mar 2021), in what has been a rapid retracement towards pre-pandemic levels.
On one hand, the CBN has shown a clear intent to make yields more attractive by giving in to investor demand for higher yields at the NTB primary market and hiking OMO rates to entice foreign investors, despite its decision to keep the monetary policy rate unchanged at the Monetary Policy Committee meeting held in late January.
On the other hand, investors have incessantly demanded higher rates amid the galloping inflation rate, which renders fixed income yields unattractive even at current levels.
Looking forward, we expect the bearish steepening of the yield curve (fast-paced increases in the yield on medium to long-dated bonds relative to short-term bills) to persist. Again, thinner liquidity levels going into Q2-2021, the FGN’s need for deficit financing, and a rising pressure on the CBN to tighten even more, amid currency market divergence and galloping inflation, are factors that support a higher yield environment.

Isuzu Motors Extends SAP Landscape To Drive Improved Sales, Customer Experience

One of South Africa’s most beloved motoring brands, Isuzu motors has sparked a digital transformation process that has helped it break down internal silos and gain a real-time view over each customer to help it deliver a consistently superior customer experience.

According to says Loren Meyer, Department Executive for Information Technology at Isuzu Motors South Africa.“We had been reliant on the systems and processes of our US-based parent company until they divested in 2017,

“We had to build local capabilities, and since it’s our aspiration to be a leader in the manufacture and supply of vehicles, and to exceed customer expectations, we needed a technology solution that would support our growth plans. We chose SAP technology and Dimension Data as our implementation partner, and have achieved outstanding results to date.”

Divestment Sparks Innovation Drive

Isuzu develops, produces and sells commercial vehicles, light commercial vehicles and diesel engines, of which it is the world’s largest producer, having sold more than 85 million diesel engines in the year to date. Isuzu sells vehicles in more than 120 markets and has manufacturing facilities in 30 countries.

Following General Motors’ (GM) divestment from South Africa in 2017, Isuzu was restructured, with Isuzu Japan buying out GM’s production facilities. A new company, Isuzu Motors South Africa (IMSAf) was formed, which today employs 1000 people locally and boasts a network of more than 115 dealers across Africa.

READ ALSO: Nissan to set a Car Assembly Plant in Kenya

“During the GM divestment in 2017, an agreement was signed to allow Isuzu Motors South Africa to utilise certain GM systems for a period of time,” says Meyer. “However, as part of our localisation, we had to develop our own local systems and in-source our resources.

We had been working on a locally hosted Isuzu enterprise SAP system that incorporates both the commercial vehicle and light commercial vehicle business processes, and wanted to compliment this with an extended landscape that includes a unified SAP Service and Sales cloud solution.”

From Spreadsheets To Service Cloud

Previously, Isuzu’s sales team were relying on Excel spreadsheets, CRM tools, emails and portals to log, track and manage customer enquiries. This left them without a complete view of each customer and unable to accurately track the progress of the sales pipeline.

“We wanted an integrated service solution with a single point of reference to create, update and track a customer enquiry,” says Meyer. “We chose to implement the SAP Service Cloud, which helped us reduce the number of systems an agent has to use to resolve a call and enables our teams to resolve customer enquiries more quickly.

The built-in analytics tool has empowered our managers to get a real-time view of each call to allow for personalisation according to each user’s preferences or role.”

The project was not without its challenges. The previous system that GM used was isolated outside of South Africa, and the local teams had little control over the data. “We consolidated all our data in an SAP master database that is applied through to the call centre,” says Meyer. “Working off our own data set that we control and can access in real-time has been one of the great outcomes of this project.”

Isuzu chose the cloud solution as it forms part of the business’ longer-term hybrid cloud journey. This provides the benefit of automated upgrades and patching provided by SAP. The full integration into the existing SAP system also gives call centre agents real-time access to accurate customer data.

“From a sales point-of-view, SAP Sales Cloud has given us up-to-the-minute information about each customer as well as insights into their preferences,” explains Meyer. “We now have full visibility over private buyers as well as our direct customers, and can take a closer look at precisely who is in our system and who is interacting with the business.”

Partner Support ‘Invaluable’

The Isuzu team were supported throughout by implementation partner Dimension Data. Natasha Govender, SAP CX Manager at Dimension Data, says the implementation has enabled Isuzu to reduce the number of legacy systems and improve the overall customer experience. “By empowering users with a 360-degree view of each customer across both the sales and service teams, Isuzu is now better placed to deliver a seamless and consistent customer experience.”

Meyer says the support from Dimension Data has been invaluable. “Having partners that understand our landscape, business challenges and pain points has been hugely beneficial, as we can collectively discuss, analyse and take action on any changes, allowing us to make more efficient decisions while minimising risk to the business.”

Enabling Business Continuity In ‘New Normal’

While there are still further developments and innovations planned, the implementation has already produced outstanding business results.

“Our implementation coincided with the global COVID-19 outbreak and South Africa’s first lockdown, which meant our user community were required to work remotely,” says Meyer.

“Call centre agents could access the SAP Cloud Service solution from their offsite working locations and seamlessly continue to provide the high levels of service and support to our valued customers.”

Other benefits provided by the SAP Service Cloud module included:

  • The ability to effectively manage increased activity and numbers of customers showing online interest in Isuzu products and aftersales services;
  • The ability to offer financial relief options as well as introduce several service support campaigns relating to vehicle warranties, roadside assistance and other technical services;
  • The ability to route all enquiries and requests directly from the website into the Service module where each lead and service request could be recorded, qualified by a customer care agent, and sent through to the nearest or most convenient dealer.

“This proved invaluable to our national dealer network, who were able to contact and continue to serve our customers during a challenging time when normal business was regulated by the national lockdown protocols,” says Meyer. “The solution also afforded our fleet sales department the ability to continue engaging and building key relationships with. Our direct customers remotely during what is now a completely different – and very challenging – business environment.”

Meyer adds that flexible accessibility and the ability to work off a centralised customer and product platform has greatly benefited the operational teams. “As a company we are pleased that our business operations have been able to continue uninterrupted during these extraordinary times, resulting in a strong finish to the year.”

Cameron Beveridge, Regional Director for Southern Africa at SAP, points to Isuzu’s ability to understand each customer at an individual level and in real-time as a true differentiator. “In today’s Experience Economy, companies that can consistently meet and exceed individual customer expectations will outperform their less agile peers. The outstanding implementation achieved by Isuzu and their implementation partners Dimension Data will serve the business well as it looks to build on its proud legacy in South Africa and beyond.”

How Gender Bias Is Eating Competence For Breakfast

International women’s day is being celebrated around the world but in reality gender inequality or the preferably useful word called gender equity is far from being achieved. What the world currently celebrates is what could be.

The world currently celebrates women who broke barriers and obstacles, which is quite okay but the goal should be working towards removing those barriers and obstacles as that is worth celebrating.

However, removing those obstacles and barriers is not a one day job and what it means is that in as much as Communication and the celebration of women who broke barriers is important so that more woman can be inspired, what is worth taking are actions that would make the environment easy for any gender to thrive.

Companies, governments, businesses, individuals, and all sorts of institutions and programmes all claim to be gender-neutral on paper but in reality, the opposite is true.

READ ALSO: International Women’s Day: Trailing Coca-Cola’s Strides in Women Empowerment

They communicate about how they accept talented and skill individuals regardless of gender but their policies and actions speak otherwise. How can communication be effective without the right policies and programmes to back it up.

While both genders suffer from this discrimination when it comes to hiring and retention of talents. The marginalized gender is the females who are suffering from gender bias from different aspects of their life including their workplace. The preferential treatment given to the other gender in places of work tends to reduce competitiveness and quality of output.

This reduction in competitiveness and quality of output can be seen in various sectors where equality and diversity are not being embraced. The lack of diversity and equality reduces the quality of policies generated by the Government, the kind of results that private firms get, and at the basic level, it affects the quality of decisions made in a family.

She can’t be in this conversation, she can’t live alone, she is too weak, this job is not for a woman and so many other utterances are part of how we sideline women and young girls, we don’t it many a time unconsciously and it has become part of the way we think and act towards the opposite gender.

These utterances also come from women who think other women shouldn’t do or act in certain manner, many have claimed that women hate women, why this might not look believable, the hating might not be because she is a fellow woman, it can borne out of hatred for her personality and beyond that, because women are being taught and groomed not to aspire for certain things or take certain actions, whenever they see another breaking away from that herd mentality, there is a tendency for envy and great dislike.

The deliberate elimination of the marginalized gender is a contempt against competence and if allowed to continue, it would keep on eating into the fabric of our society and creating the platform for incompetence to thrive.

COVID-19: CBN Presents N253.4m Grant To Check Pandemic

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says that a vibrant and innovative healthcare system is vital for the country’s national security, hence the need to encourage research and innovation in the treatment of health conditions for the Nigerian citizens.

Brand Spur Nigeria gathered that Godwin Emefiele stated this at the Bank’s headquarters in Abuja on Tuesday, March 9, 2021, during the presentation of grants to successful beneficiaries of the Health Sector Research and Development Intervention Scheme.

Emefiele disclosed that 68 proposals out of the 286 submissions received by the Body of Experts, had been reviewed and evaluated with five proposals with significant merits valued at N253.54 million recommended by the experts for financing. He added that the recommended proposals also have the potential to enable the development of the Nigerian vaccine for COVID-19.

The Governor said the grant award was a testimony to the significant role research and development in healthcare could play in supporting economic growth, particularly as growth was highly dependent on a strong and healthy workforce.

Emefiele also noted that the outbreak of the coronavirus pandemic, which had an unprecedented effect on the world economy, underscored the fact that a healthy and safe workforce remained critical for continued economic growth as well as stability of the financial system.

He equally emphasized that the need to move from a consumer-based economy to a more productive economy necessitated the CBN’s development of intervention programmes and schemes across various sectors including the health sector.

Continuing, the CBN Governor said that the Bank introduced the Healthcare Sector Research and Development Intervention Scheme (HSRDIS), as part of measures to support the growth of the Nigerian healthcare sector.

According to him, the facility aimed at strengthening the sector’s capacity to meet the increasing demand for healthcare products and services, particularly pharmaceutical companies and other healthcare value chain players intending to build or expand capacity.

The CBN Governor also disclosed that 82 projects, valued at N85.89-billion, comprising 26 pharmaceutical and 56 medical projects across the country had been financed through the HSRDIS.

While congratulating the recipients of the grant award, Emefiele urged them to judiciously utilize the opportunity offered to them by the CBN and strive to achieve the purpose of their research by ensuring that their projects meet the set targets. He expressed optimism that the CBN HSRDIS grant will offer average Nigerian access to the much-needed vaccines and drugs for not just COVID-19, but other communicable or non-communicable diseases.

In his remarks at the occasion, the Secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force on COVID-19, Mr. Boss Mustapha commended the CBN for what he described as the modest efforts of the Bank at helping future generations to combat any outbreak of health pandemic.

He assured of President Muhammadu Buhari’s support to HSRDIS as the President had supported similar responses to curb the current COVID-19 pandemic.

Mr. Mustapha said the coronavirus pandemic had exposed the fragilities of different sectors of the economy and governance but called for a collective resolve to overcome the challenges posed by the pandemic.

The SGF who disclosed that the COVID-19 vaccines were safe and efficacious, and therefore urged members of the public to avail themselves the opportunity when the time arose to be vaccinated.

Also speaking, the Minister of State for Health, Dr. Sen. Adeleke Olorunnimbe Mamora and Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Christiana Adeyeye, both commended the CBN for the initiative and reiterated that the HSRDIS was a step in the right direction in ensuring the vibrant and functional healthcare system as well as the socio-economic well-being of Nigerians.

Recipients of the CBN HSRDIS grant award were Prof. Olufemi Emmanuel Dokun-Babalola, Prof. Okoli Ikechukwu, Dr. John Ogedengbe, Dr. Garba Uba and Dr. O’tega Ejofodomi.

Responding on behalf of the five grant award recipients, Dr. Ejofodomi appreciated the CBN for the opportunity and pledged to utilize the resources for the purpose of the grant.

The CBN Healthcare Sector Research and Development Interventions Scheme (HSRDIS) was introduced with the release of the implementation guidelines and subsequent inauguration of the Scheme’s Body of Experts in July 2020. The Scheme is part of the CBN’s policy response to the coronavirus pandemic aimed at prompting intense research and developing vaccines and drugs against the spread of other communicable and non-communicable diseases.

Highlights of the event was the presentation of the symbolic cheques of the award of grants to the successful recipients.

Strategy Analytics: 71% Of Smartphones Sold Globally In 2021 Will Be AI Powered

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Strategy Analytics in a newly published report, Smartphones: Global Artificial Intelligence Technologies Forecast to 2025, finds that on-device Artificial Intelligence (AI) is being rapidly implemented by smartphone vendors.

AI is used in various functions inside smartphones such as intelligent power optimization, imaging, virtual assistants, and to enhance device performance. The report highlights the fact that AI has become the most important technology in modern smartphones. The push to add on-device AI computational power to enable Edge AI computing is a priority for smartphone and chipset vendors.

“Strategy Analytics estimates that 71% of all smartphones sold worldwide in 2021 will have on-device AI,” says Associate Director Ville-Petteri Ukonaho. “Advantages of on-device AI computing include lower latency, better data privacy and overall lower power consumption.”

An Artificial Intelligence (AI) smartphone is one that uses an AI core/processor designed to run machine learning and deep learning tasks. AI smartphones run AI tasks locally on the device with the help of dedicated AI cores and AI co-processors with little or no data transmitted to the cloud. Examples of AI smartphones include Apple’s iPhone 12 Pro Max and Samsung’s Galaxy S21 Ultra 5G.

“Artificial Intelligence has become a key technology in higher-end smartphones,” says Ken Hyers, Director at Strategy Analytics. “A smartphone equipped with on-device AI can significantly improve important tasks like helping users take better pictures, deliver longer battery life through efficient power management, improve the speed of response by digital assistants, and power Augmented Reality, among other tasks. This makes smartphones more useful tools for users.”

“Modern smartphones give consumers access to their own personal AI powered super-computer,” says Ville-Petteri Ukonaho. “With the help of on-device Artificial Intelligence, virtual assistants like Siri and Google’s Assistant have become more intelligent and aware of their environment.” Strategy Analytics new report estimates that in 2021 over 80% of smartphones globally will have virtual assistants and the share will grow to 97% by 2025.

“With the enhanced AI capabilities on-device, virtual assistants have become more intelligent and aware of their environment,” comments Ken Hyers. Strategy Analytics’ report finds that Google’s Assistant is the top virtual assistant in 2021 with over 60% share followed by Apple’s Siri.

On-device AI is powered by physical silicon cores such as Apple’s Neural Engine or distributed software frameworks such as Qualcomm Neural Processing Engine (NPE) that use algorithms to offload AI computation to several processors (CPU, GPU and DSP). “Physical AI cores have greater capability to handle complex AI computations, thus those are being introduced by all major chip vendors such as Mediatek, Samsung and HiSilicon,” says Ville-Petteri Ukonaho.

“Camera AI has become one of the key selling points of imaging-focused smartphones,” says Ken Hyers and continues, “Artificial Intelligence features such as object recognition or motion detection are becoming growingly important in premium smartphones.” In the report Strategy Analytics concludes that over 30% of smartphones already have AI-enhanced camera functionalities.

Strategy Analytics finds in its latest report that technologies such as 5G will greatly benefit from the new capabilities improved by AI and vice versa. With the help of 5G and AI, smartphones have become an integral part of a large device ecosystem enabling them to share data and communicate with each other.

The report Smartphones: Global Artificial Intelligence Technologies Forecast to 2025 is available to Strategy Analytics clients.

About Strategy Analytics

Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions.

Capabilities include industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking, and business-to-business consulting competencies.

With domain expertise in smart devices, connected cars, intelligent homes, service providers, IoT, strategic components, and media, Strategy Analytics can develop a solution to meet your specific planning need.