Business – Page 775 – Rise Africa

EV firm MellowVans, Itemate debut mobile store for telcos

08.11.2024

Stellenbosch-based electric vehicle company MellowVans has partnered with Itemate Solutions to launch a new mobile store solution for African telcos. According to a statement on Thursday, the new offering provides telcos with the MellowVans EVs paired to a custom point-of-sale platform developed by Itemate. This creates a mobile storefront from where agents can provide customer...

Economic reforms now in results delivery stage – FG

08.11.2024

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that President Bola Tinubu’s economic policies have now reached the result-delivery stage. The minister made this known on Thursday evening at an interactive session with the Senate Committee on Finance at the National Assembly Complex, Abuja. He further expressed appreciation for...

33m Nigerians may face food insecurity – WFP

08.11.2024

A new report has revealed that a staggering 33 million people are expected to face acute food insecurity in Nigeria by 2025. In a statement issued by the head of communications and media for the United Nations World Food Programme to The PUNCH on Thursday, the food insecurity and malnutrition analysis, Cadre Harmonisé, led by...

Lagos govt, Fabe foundation partner on biogas

08.11.2024

FABE International Foundation has engaged the Lagos State Government to boost biogas generation following its environmental sustainability and waste management initiative. At its ‘Project Clean Air,’ programme, recently held at the Ketu Fruit Market in collaboration with Prudential Zenith Life Insurance, FABE International Foundation advocated converting market waste into biogas and compost and reducing illegal...

Polo Luxury, IoD partner on leadership excellence

08.11.2024

Polo Luxury has announced its successful collaboration with the Institute of Directors Nigeria as the official Lifestyle Partner for the 2024 Annual Directors Conference to drive sustainable development and foster leadership excellence. The 2024 Annual Directors Conference themed: ‘Good Governance as a Catalyst for Economic Recovery, Growth, and Development’, was held recently in Lagos. According...

Hero Lager empowers young entrepreneurs

08.11.2024

Hero Lager has launched its 2024 ‘Hero Apprentice to Business Owner’ campaign, designed to address unemployment by empowering youth to establish their businesses. This campaign, now in its third year, is aligned with Hero Lager’s commitment to fostering economic growth through entrepreneurship throughout, according to a statement. The Marketing Manager for Hero Lager, Dubem Orji,...

NAICOM orders insurers to clear outstanding claims

08.11.2024

The National Insurance Commission has given insurance companies a December 31, 2024 deadline to clear all outstanding claims. The Head of the Communication & Stakeholders Management Sub-committee and Managing Director Rex Insurance Limited Mrs Ebelechukwu Nwachukwu, said this at a press conference held after the insurers’ committee meeting held on Thursday in Lagos. According to...

Shun flamboyant lifestyle, Osinbajo tells business owners

08.11.2024

Former Nigerian Vice President, Prof. Yemi Osinbajo, says the flamboyant lifestyle of Nigerian business owners is unsustainable for the businesses they run. Osinbajo said this on Thursday in Lagos during his keynote address at the 2024 Women in Management, Business and Public Service conference. The two-day conference which is in its 23rd edition is themed...

Moroccan firm, Thales Alenia partner to boost telecom service

08.11.2024

A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 percent) and Leonardo (33 percent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained that 23...

Capital importation rises 152.8% % to $2.6 bn

09.10.2024

By Elizabeth Adegbesan Foreign Capital importation into the country rose by 152.8 per cent Year-on-Year, YoY, to $2.6 billion second quarter of the year, Q2’24, from $1.03 billion in same period of 2023, Q2’23. However, on quarter-on-quarter, QoQ basis, Capital Importation fell by 22.85 percent from $3.37 billion in Q1’24. The National Bureau of Statistics, NBS,...