Konga Mid-Year Shopping Festival Goes Live Wednesday

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Konga Mid-Year Shopping Festival Goes Live Wednesday

Expectations are high as shoppers anticipate price crashes across all product categories including Fast Moving Consumer Goods (FMCG), Home and Kitchen Appliances, Electronics, Computing, Mobile Phones, Wine & Spirits, Fashion, etc. as well as highly discounted flight tickets to any part of the world from Konga Travel and more as Konga partners major manufacturers to save money for shoppers.

This innovative mid-year promo, the first of its kind in Nigeria, is holding in June, with the management of Konga describing the Mid-Year Shopping Festival as an annual event to celebrate Konga’s anniversary, Father’s Day and Democracy Day, among others.

‘‘It is a month Nigerians must celebrate annually to appreciate the Almighty’s love,’’ Co- CEO, Konga Group, Nick Imudia said. ‘‘At Konga, we celebrate June with special smiles, both in our heart and pocket.’’

Scheduled to run from Wednesday, June 1 to Thursday, June 30, 2022, Konga Mid-Year Shopping Festival is already generating huge excitement among bargain-hungry shoppers.

The 30-day maiden promotion will offer shoppers a chance to take advantage of massive discount rollouts from various arms of the Konga Group. In addition to other identified offers, KongaPay users will enjoy special discounts and bonuses on data, airtime and other transaction charges while corporate organisations, business owners, cooperatives, educational institutions and other heavy shoppers can equally take advantage of huge deals on their bulk purchases via Konga Bulk.

Also bound to excite shoppers is the opportunity of enjoying a further 10% discount off all purchases made with Access Bank debit cards or OPay virtual cards.

Throughout the duration of the month-long shopping extravaganza, shoppers on the Konga platform will also enjoy treasure hunts, flash sales, freebies and other incentives on a regular basis, while the management of the company has also assured of swift delivery of orders to prospective shoppers wherever they may be across Nigeria.

Konga retail stores, located across Nigeria’s vast landscape, will expectedly play host to significantly increased visits from interested shoppers during the period.

Future-ready bathrooms set with the new GROHE Eurosmart

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Future-ready bathrooms set with the new GROHE Eurosmart

Undoubtedly our society is changing – not only is the population constantly growing, but we are also getting increasingly older. By now, every second EU citizen has passed the age of 40.

Demographic change is challenging our entire society and forcing us to rethink – away from the previous anti-ageing mindset and toward a pro-ageing attitude to life. Growing older no longer means resting and standing still. The so-called ‘silver society’, the population over 60, ages differently – they want to stay fit and actively shape their own life in the place where they feel safe and happy: at home. GROHE has taken these insights into account when re-designing one of its bestseller products – the GROHE Eurosmart – to create an innovative, future-ready home.

Support and comfort for everyday bathroom rituals at every stage of life

Home is part of our identity, our safe place – being able to stay home in old ages comes along with well-being for consumers. The bathroom is essential in this respect as this is where very private moments take place. To be able to take care of personal hygiene at home is a major concern, especially for older generations. It gives the feeling of independence and freedom. One key to this is to start thinking about the right bathroom products early on, to be ready for tomorrow, today. And contrary to expectations, age-friendly products do not have to look old-fashioned. The best example is the relaunched GROHE Eurosmart. The timeless design of the line very subtly addresses the special needs of bathroom care for the elderly or people with limited motor skills.

Diverse lever variants for diverse lifestyles

GROHE ensures that the Eurosmart portfolio always grows in line with a changing society’s requirements and that it keeps adapting to modern needs. This is shown by the different lever variants which directly relate to people’s lives. The Eurosmart Loop lever, for example, offers important support for elderly people with limited motor skills since its cut-out center makes gripping easier. A big help for everyday bathroom rituals is also provided by a new pull-out spout variant which offers full flexibility and extra comfort. Consumers enjoy more room to manoeuvre – perfect for supporting and enhancing the daily washing routine.

“When we think about our customers of tomorrow, they are most likely approaching their ‘silver years’. While they are officially near or of retirement age, the modern seniors are fit and want products that support them with daily obstacles, even in 10-20 years when their vision decreases or their motor skills are less diminishing. So, we need to ask ourselves: How can we create beautiful products that are future-ready? Our GROHE Eurosmart has evolved with every generation and is a great example of how to react to changing needs with meaningful products,” says Jonas Brennwald, Leader LIXIL EMENA.

When safety plays a role

In addition to comfort, safety also plays a special role when it comes to ageing. The Eurosmart SafeStop provides effective thermostatic protection by limiting the maximum hot water temperature to a preadjustable value. It ensures that the desired water temperature remains constant, and effectively shuts off the hot water if the cold water supply fails. Particularly important for facilities for children, senior citizens or people with restrictions in sensory or motor skills.

The combination of modern design, a high level of comfort, easy installation and the versatile options to choose from makes the Eurosmart faucet a real hero for the future-ready bathroom.

Stanbic IBTC Holds Ladies At The Table Empowerment Series 2.0

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Stanbic IBTC Holds Ladies At The Table Empowerment Series 2.0

Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC, recently held the second edition of its Ladies At The Table Empowerment Series (LATTES).

The virtual event, which was organised with the aim of empowering women in business and career on how to live a well-balanced life was themed: ‘Rising above Bias’.

The second edition of the event featured seasoned panelists like Sola David-Borha, Chairperson, Stanbic IBTC Bank PLC; Nicole Chikwe, Wellness and Fitness Influencer and Tricia Biz, Entrepreneur, and Marketing Expert.

In her opening remarks, Bunmi Dayo-Olagunju, Executive Director, Client Solutions, Stanbic IBTC Bank PLC stated the Ladies At The Table Empowerment Series (LATTES) was created to promote empowerment for women through informative sessions that will equip them with the right information to excel in their economic and personal endeavors.

She said: “This event has been put together to enlighten us all on how we can live up to our full potential consciously. We are focusing on issues that are pertinent to rising above the stereotypes in our various fields of expertise and access to basic tools that promote our welfare. If we are encouraged to live up to our full potential, our families, communities, society, and the nation will flourish.”

Speaking at the virtual event, Sola David Borha, Chairman, Stanbic IBTC Bank PLC emphasised the importance of balancing career growth, family, and community, noting that the most successful women are those who have found sustainable methods to handle these aspects of their lives.

According to Sola, the Nigerian woman has several roles to play in both family, career life, politics and in the society as a whole. Being conscious of these roles enables women to develop a creative mindset to take on diverse responsibilities.

Citing personal examples, Sola noted that everyone makes mistakes, and we should always learn from them to make us better leaders and persons.

Nicole Chikwe, Wellness, and Fitness influencer, noted that while women need to rise above bias by being career leaders and businesswomen, they also have to be wary of putting themselves at the bottom of their priority list.

She said: “Self-care means identifying and meeting your needs. Many women struggle with guilt when it comes to prioritising themselves, but it is required and crucial for physical and mental health. If you do not properly care for yourself, your body will let you know in negative ways. Any job can make anyone feel overwhelmed or stressed, it is important to always take time out and engage in self-care. Good health is always a prerequisite for more productivity.”

Tricia Olufemi-Olumide, Marketing and Launch Expert spoke on getting seen, which focuses on how to leverage social media to amplify one’s work and personal brand. She emphasized on the need to pre-define one’s purpose for being online.

She said: “Define yourself, what is the reason you want to be seen and what platform do you want to use. All these questions are paramount to building your audience. Always ensure that you understand the rules of whichever platform you decide to use and engage accordingly.”

In her closing remarks, Nike Bajomo, Executive Director Business Development at Stanbic IBTC Pension Managers, stated that the financial institution is dedicated to encouraging women to win not just in their businesses or careers but also at the home front. She added that the institution will continue to provide equal opportunities for women and enable them to continue to rise above bias.

Through programs like this and more, Stanbic IBTC Pension Managers Limited has shown commitment to fostering sustainable development and gender parity in Nigeria.”

Bullish Sentiment Persists in the Domestic Bourse, NGX ASI Gains 106bps

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Bullish Sentiment Persists in the Domestic Bourse, NGX ASI Gains 106bps

At the end of yesterday’s trading session, the Nigerian All Share Index closed in green, advancing by 1.06% to close at 53,151.32 points.

Yesterday’s performance was due to buying pressures in bellwether stocks such as MTNN (+4.35%) and GUINNESS (+5.10%). Consequently, the YTD return increased to 24.43% as market capitalisation increased by ₦301.86 billion to close at  ₦28.65 trillion.

The sectoral performance strengthened as four of the five indices under coverage advanced. The Banking index, the biggest gainer, rose by 1.22% on ZENITHBANK (+1.06%). The Consumer Goods, Industrial and Insurance Indices, followed suit, rising by 0.93%, 0.42%, and 0.42% on GUINNESS (+5.10%), WAPCO (+6.23%) and LINKASSURE (+9.09%) respectively. The Oil & Gas index, the sole loser, declined by 0.30% on OANDO (-2.24%).

Investors’ sentiment strengthened as the market breadth increased to 2.45x from 0.24x. This was illustrated by the advance of 27 stocks, led by IMG (+10.00%) and CHAMPION (+9.94%) and the decline of 11 stocks, led by NPFMCRFBK (-9.90%) and UACN (-9.69%). Activity level was mixed as the total volume decreased by 30.40% while the total value increased by 20.81%, as investors exchanged about 266.18mn units of shares worth over ₦5.16bn.

We expect positive sentiment to persist in the next trading session as the equities market still presents decent opportunities for investors chasing positive real returns on investments.

Fixed Income

There was mixed sentiment across the bond yield curve as two of the four bond yields under coverage inched higher, the FGN-JUL-2030 bond paper closed flat while the yield on the FGN-MAR-2024 compressed by 1bp. The FGN-APR-2023 and FGN-JAN-2026 bond paper yields climbed up by 4bps and 52bps respectively.

Treasury bill yield for the 364-day paper closed flat at 4.92% while the 182-day paper inched higher by 99bps to close at 4.60%. Conversely, the yield on the 91-day paper yield, contracted by 27bps to close at 2.72%.

We expect market activity to be influenced by the liquidity levels in the financial system

Market Snapshot

African brands have risen to 17% of the Top 100

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African brands have risen to 17% of the Top 100

Today, at a live event hosted by Brand Africa, the 12th annual Brand Africa 100: Africa’s Best Brands 2022 rankings of the Top 100 most admired brands in Africa were unveiled.

After a 5-year decline, African brands have surged 4 percent to 17 percent in the 2022 Brand Africa 100 | Africa’s Best Brands survey and ranking of the best brand in Africa, against a backdrop of internal focus as a result of an urgent rebuilding of economies devastated by the Covid-19 pandemic and the acceleration of AfCFTA’s goal of driving greater intra-African trade.

Challenger brands such as South Africa’s lifestyle footwear brands, Bathu (#52) and Drip (#65), despite being primarily available in South Africa but accessible everywhere via e-commerce, massive growth in retail footprint in the midst of the pandemic, and unrivaled marketing and PR dollars, rocketed into the Top 100 as 17 brands exited, heralding a notable return of African brands, which once dominated the rankings as high as 34% when the rankings began,

MTN, the perennially leading African brand, has returned to the Top 10 as the highest ranking African brand, replacing Dangote as the #1 African brand recalled when asked to confirm its position as the #1 African brand.

Dangote, the pre-eminent African brand founded in 1981 by Nigerian Aliko Dangote, emerged as the #1 brand that symbolizes African pride in a Brand Africa survey to determine which brand in Africa is a flag bearer and embodiment of rising optimism and pride in Africa. South Africa, led by MTN, tops the African list, with Nigeria, led by Dangote, at 28 percent, Kenya with its flag carrier, Kenya Airways, at 8 percent, and Ethiopia with its flag carrier brand, Ethiopian Airline, at 4 percent.

Non-African brands continue to dominate with an 83 percent share of the most admired brands in Africa, led by overall pacesetter Nike for the fifth consecutive year.

In a separate list of the Top 25 most admired financial services brands, African brands outnumber non-African brands by 68 percent to 32 percent.

DStv, through its brands across the continent, has consolidated its position as the top African media brand for the second year in a row, in a rapidly changing digital and mobile landscape.

Recognizing that, while the rebound in African brands has been notable, the results will not be sustainable without committed and inspirational leadership, Brand Africa will recognize in 2022 those leaders who are the catalyst for growth for Made in Africa brands, both in corporate and in those who have championed and supported the development of great local brands in supporting industries. The inaugural Africa Brand Leadership Excellence awards were given to GT Bank Group CEO Segun Agbaje and Nigerian marketing doyenne, founder and chairman of Troyka Group, for inspiring brand-led excellence that drives the growth of made in Africa brands.

“As we emerge from the pandemic and Africa seeks to assert itself,” says Thebe Ikalafeng, Founder and Chairman of Brand Africa and Brand Leadership, “the results are very inspiring and bode well of an African renaissance led by competitive world class African brands.”
“This year, more than ever, and especially during the pandemic, mobile proved to be the most effective tool for us to reach and access respondents across the continent,” said Bernard Okasi, Director of Research at GeoPoll, which has been the lead data collection partner since 2015.

“Despite volumes of brands analysed as a result of increased sample size in terms of respondents and countries,” says Karin Du Chenne, Chief Growth Officer Africa Middle East for Kantar, which has been the insight lead for Brand Africa since its inception in 2010, “the survey continues to yield a very consistent picture of brands and trends that are transforming the continent.”
Now in its 12th year, Brand Africa publishes the results of a survey on the most admired brands in Africa on or around Africa Day, May 25, based on a survey of 29 countries representing up to 85 percent of the continent’s GDP and population. The 2022 survey was carried out between March and April of 2022, yielding over 80,000 brand mentions.

The Brand Africa 100 results will be published in the June issue of African Business magazine, which will be available to subscribers online at www.africanbusinessmagazine.com in June 2022.

Brand Africa partners in Nigeria, AT3 Resources and Open Squares Africa, organized the 2022 Brand Africa 100: Africa’s Best Brands, which was supported by the Central Bank of Nigeria, South African Tourism and NQR, Africa Media Agency, and BCW Africa.

Visit www.brand.africa for more information on the Brand Africa agenda, initiatives, and partners, as well as the Brand Africa 100: Africa’s Best Brands Rankings, and follow the results on #BrandAfrica100 and #AfricasBestBrands2022.

Ecobank Transnational Incorporated holds its 34th AGM

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Ecobank Transnational Incorporated holds its 34th AGM

 Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group, the leading pan-African bank with operations across 33 African countries, today held its 34th Annual General Meeting (AGM) in Abidjan, Côte d’ Ivoire.

Alain Nkontchou, Chairman Ecobank Group said: “2021 was a transformational year for the Group and the Board is pleased to be rewarding shareholders with a dividend for the first time since 2016. Our results show that we are maximising operational efficiencies and successfully transforming our business for sustainable long-term growth. As we continue to deliver on our strategic imperatives, we are firmly positioned as the ideal partner for households and businesses to grow and succeed, and to foster Africa’s economic development, while continuing to grow our revenues and value.”

Ade Ayeyemi, Chief Executive Officer, Ecobank Group, further observed: “The Group’s years of consistent and disciplined management, decisive action, investments in people and innovative technology are producing tangible results with 2021’s record growth in profits. Our scalable payments ecosystem endows us with low cost-to-serve and the readiness to facilitate the expected huge growth in payments and collections. This, coupled with our intent to be the trade bank for sub-Saharan Africa, makes us a key player in helping Africa’s businesses and economies to maximise the huge opportunities created by the African Continental Free Trade Area (AfCFTA).”

Ade added that the Bank’s first quarter results for 2022 provided a clear confirmation of Ecobank Group’s continuing strong and sustained performance trajectory reinforcing the Bank’s reliability and capacity to successfully deliver on its Africa-focused purpose and support for the continent’s economies, regardless of the prevailing challenges. “We are steadfast in our determination to win for all our stakeholders,” he noted.

Shareholders applauded the Group’s impressively strong performance in 2021, which was achieved despite the challenging environment. The Group’s profit for the year was $357 million compared with $88 million in 2020, although the latter was adversely affected by a goodwill impairment charge of $164 million. The Group’s net revenues increased by 4.6 per cent to $1,757 million.

Ecobank’s ‘One Market. Endless possibilities.’ AGM theme underlines the infinite possibilities offered by the African market, especially in the era of the AfCFTA. The Bank is ready to maximise this one market with endless possibilities with its customers and clients by providing support to trade and satisfying the financial needs of customers and clients, using its innovative solutions and services. With an unrivalled African footprint, strong balance sheet and ability to tap capital markets as necessary, Ecobank’s Commercial, Corporate and Investment, and Consumer Banking divisions’ continued and effective growth and impact is assured.

The Shareholders approved all the resolutions presented at the AGM, including the appropriation of profits, the renewal of the mandates of directors and the appointment of alternate auditors.

Welcoming Hyun Bin to the Madame Tussauds family in Asia

Media Outreach
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SINGAPORE – Media OutReach – 27 May 2022 – Hyun Bin (Kim Tae-pyung), South Korean actor will have his image immortalized in Madame Tussauds.

“The Korean market will be one of our strongest markets and have always been very important to our attractions in Asia. We believe that Hyun Bin’s fans will be as excited as us to get up close and personal with him in Madame Tussauds. Upon unveiling his wax figure, it will be displayed in Madame Tussauds Singapore, Hong Kong and Bangkok. So do stay tune for our announcements on our social media channels on where will be Hyun Bin’s first stop. ” said Mei Chion LIM, Regional Marketing Director, Rest of Asia.

More information will be released on Madame Tussauds Singapore, Hong Kong and Bangkok’s social media pages, so be sure to stay tune for more information!

Madame Tussauds

The ultimate celebrity experience and the world’s best known and most popular wax attraction. There are currently 23 Madame Tussauds attractions around the world. Each of the attractions is unique and tailored to the host city and visitor demographic to feature both local as well as international figures.

The result of 200 years of expertise and painstaking research every figure takes Madame Tussauds’ gifted sculptors a minimum of three months to make, and costs more than $300K (Singapore dollars). Most contemporary figures are also produced following sittings with the celebrities themselves.

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Coscharis Motors To Storm Lagos Motor Fair With 3 Iconic Brands

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Coscharis Motors To Storm Lagos Motor Fair With 3 Iconic Brands

All is now set by the leading automobile dealer in Nigeria, Coscharis Motors Plc, the exclusive distributors of Ford, Renault, Ford Truck and a number of other iconic global automobile brands in the country to attend this years Lagos Motor Fair.

The Fair, which is in its 16th edition, will hold from May 30 to June 4, 2022 at the Balmoral Convention Centre, Federal Palace Hotel & Casino, Lagos.

Coscharis Motors will be exhibiting three brands at the motor fair, namely, Ford, Renault and Ford Trucks. While Ford and Renault will feature passenger vehicles including sedan, SUVs and Pick-Up trucks, Ford Trucks will be featuring heavy Duty Commercial Vehicles (HDCV) ranging from Tractor Heads to Dump Trucks, Concrete Mixer and Tippers.

The company promises to delight her numerous customers with special promotional offers across the three brands at the fair. The highpoint of the motor fair will be the unveiling of a new Ford name plate, BRONCO, into the Nigerian market.

According to Abiona Babarinde, the General Manager, Marketing and Corporate Communications, Coscharis Group, “As the exclusive representative of these three brands in Nigeria, we are bringing our showrooms closer to our customers at the fair.

Also we are excited to announce that we will be delighting our customers with the many mouth-watering offers we have lined up for them at the motor fair. We are also keen to reveal the latest addition to our Ford brand in Nigeria, the BRONCO.

While at the fair ground, Coscharis Motors will also offer vehicle sales, after sales services, trade-in options and vehicle finance options (in partnership with Coscharis Mobility and some other finance companies) to her customers at the motor fair.

This is to deliver a total brand experience to customers and prospects alike when they visit the Coscharis pavilion throughout the duration of the fair.

Laiye Partners With Accenture To Power Intelligent Automation And Innovation At Scale

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Laiye Partners With Accenture To Power Intelligent Automation And Innovation At Scale

 Laiye, a leading Intelligent Automation (IA) provider, today announced a partnership with Accenture, a global professional services company with leading capabilities in digital, cloud, and security, as its global partner and System Integrator (SI) under Laiye’s Global Partner Program.

Laiye and Accenture will share their knowledge, expertise, and experience to help companies in their digital transformation journey through the scaling up of AI-powered Intelligent Automation.

This strategic partnership accelerates Laiye’s business growth and comes on the back of its recently completed $160 million Series C funding round.

“Laiye has made great strides in expanding its success around the world and enhancing its capabilities. This partnership in the Americas will allow Laiye’s customers to implement our suite of IA tools and Accenture’s cloud expertise and solutions, reflecting our continued and mutual commitment to delivering business excellence for our clients,” said Alejandro Arboleda, Vice President at Laiye North America.

Laiye Partners With Accenture To Power Intelligent Automation And Innovation At Scale

“Enterprises all around the world are seeking digital transformation through automation and IT innovation, and all of these solutions rely on the cloud, data, and artificial intelligence. We are excited to partner with Laiye and leverage our system integration and cloud capabilities along with Laiye’s integrated IA platform, to help organizations address their automation challenges,” said Peter Duncan, Managing Director at Accenture.

According to an Accenture report which analyzed five LATAM economies and several other markets around the world, artificial intelligence (AI) has the potential to add up to an entire percentage point to the region’s annual economic growth rates by 2035. Countries in the region are already piloting AI solutions to drive further growth, productivity, and economic progress.

“Americas is a region rich in opportunities for growth. This alliance with Accenture will help us serve and further grow this dynamic market by leveraging AI and Laiye’s suite of end-toend IA tools,” said Petter Dalén, General Manager at Laiye.

“This strategic partnership between Laiye and Accenture brings together the best of IA and AI. Accenture’s Center of Excellence will add a layer of structure to help clients identify, prioritize, and deploy automation at scale across the entire enterprise. Paired together with Laiye’s end-to-end IA solutions, customers will see tangible value in enterprise productivity, efficiency, and growth,” said Tomas Rey, Director at Accenture Latin America.

Growth, Inflation, And Adapting To Unpredictable Times

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Growth, Inflation, And Adapting To Unpredictable Times

From boardrooms to grocery stores, inflation is affecting everyone. Prices are up over 7 percent in the United States and more around the world—with no signs of coming down anytime soon.

Businesses are already reeling, and tired, from two years of a global pandemic that required nimble, innovative solutions. But it’s time again to strategize, says Alex Abdelnour, a partner working with clients on growth strategy, price optimization, and revenue management.

Managing inflation effectively to limit disruption is possible, and Alex has helped identify a variety of tools and practices to help.

Alex grew up in Lebanon and came to the US in 2005 to earn his Ph.D. at Georgia Tech in engineering. He’s made Atlanta home and built a family of four children with his wife.

The inflation crisis is top of mind not only for his work, but for his family in Beirut, a nation that has been struck by soaring inflation. The currency has drastically devalued even as prices have skyrocketed.

We spoke with him to get insight into strategies that businesses and consumers need to weather the coming months.

 

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