Connect with us

News

Coca-Cola Nigeria System to Invest N560b in 5 years, Flags off 70th Anniversary

Published

on

Kindly share this post

The Coca-Cola System in Nigeria, comprising Nigerian Bottling Company (NBC) Limited and Coca-Cola Nigeria Ltd, has flagged off activities marking its 70th anniversary celebration in Nigeria, with commitment to invest N560 billion in five years.

This was announced Thursday at a press briefing with key NBC and Coca-Cola Nigeria executives in attendance.

The Coca-Cola System, through the bottling arm NBC, was incorporated in 1951. Today the Coca-Cola system is a leader in the non-alcoholic category with a rich portfolio of brands and array of options across its product offering.

The system has kept growing with its customers with a stated vision to provide a beverage for every occasion around the clock, while positively impacting the nation and economy.

With 8 manufacturing plants, over 7000 dealers, skilled and dedicated employees, and a sophisticated distribution system across Nigeria, there is practically no community in Nigeria where a cold bottle of Coca-Cola is not within the close reach of consumers.

Commenting on the 70th anniversary milestone, Mathieu Seguin, Managing Director of NBC, said, “As we continued to grow, we have been very deliberate about investing heavily to make a positive impact in the lives of people in communities where we work and operate. We believe that our business is only as sustainable as the communities in which we do business, and this is why we have mainstreamed sustainability into every aspect of our business.

“For perspective, in the last 10 years alone, the Coke System has invested more than 9 billion naira in lifting the living standards of communities where we do business in Nigeria, through locally relevant initiatives.

Some of the areas we have had the most impact have been in education and youth development, women empowerment, water, environmental sustainability, sports and the promotion of commerce and entrepreneurship.”

Seguin went on to share some of the impact and notable accomplishments of the Coca-Cola system over the years. In youth development, the System has trained over 30,000 youths on entrepreneurship and employability skills across different cities in Nigeria in the last 5 years.

Under Education, its Tech Relevant Teacher (TRT) project has impacted 24,000 school pupils, with 648 school leaders and teachers trained and several classrooms blocks constructed or renovated in over 30 public schools in the last 5 years,  impacted over 30,000 students.

With regards to women development, from 2015 to 2019 alone the Coca-Cola 5by20 program impacted over 470,000 women, with 38,000 women supported to start up their own medium, small or micro businesses as Coca-Cola Distributors or Retailers.

The Lady Mechanic Initiative empowered 100 vulnerable young women with vocational, entrepreneurial and life skills, and equipped them to become certified professional automobile mechanics.

Furthermore, the Safe Birth Initiative, a wellbeing programme to support the efforts of the government towards reducing the alarming numbers of deaths by women and new-born babies from birth-related complication has impacted over 12,000 Mothers and Babies since inception.

Speaking also at the event, Alfred Olajide, Managing Director of Coca-Cola Nigeria remarked that, “Anniversaries are an important part of life. They remind us of important events, both personal and cultural.

“This celebration not only gives us an opportunity to look back at the brand’s storied history in Nigeria but is also an opportunity to highlight our plans for the future. This milestone anniversary is a testament to the possibilities and shared opportunities we have created in this great country.

Beyond an anniversary, this is a story of a company building and establishing long-lasting relationships with diverse groups, individuals, and organisations in a bid to ensure a better-shared future; it is years of system investments that have ensured the oiling of this country’s economic gears; it is years of initiatives that have ensured and fostered community resilience in communities seeking our intervention; it is years of instilling hope, open happiness, positive feelings and the magic of community in audiences.”

The 70th anniversary celebration will run all through the remaining part of 2021 with a line-up of activities designed to celebrate the milestone with the Coca-Cola System’s consumers, customers, employees, partners and the general public for their support towards the growth of the business which include the Anniversary Stakeholder Event, consumer seeding/giveback programmes among others.

“In emphasizing our current Real Magic philosophy, we will be kickstarting The Nigerians of Coca-Cola campaign, which will serve to tell a visual story of a diverse set of people across key regions in the country with different struggles and positive histories with Coca-Cola.

“These are people that have directly benefited from The Coca-Cola System’s sustainability initiatives – from our value system to our key programme areas such as women and youth empowerment, waste, wellbeing, and water stewardship.

“Through this activity, we will also highlight the long-term impact these partnerships and initiatives have had on the communities and individuals.

“To share fun and interesting stories about our beverages, we are also launching the My Coke Moments campaign, to encourage customers and stakeholders across demographics to share nostalgic moments and memories with their online network of friends.

“This further demonstrates Coca-Cola’s cultural relativism in Nigeria and showcases the brand’s longevity and love in the country

“We have also planned Share a Trip with Coke which is an activity that will be spreading Real Magic across four key Nigerian cities.

“Coca-Cola branded buses will be on major routes in Lagos, Kano and Port-Harcourt, and lucky customers that get on the buses will be rewarded with free rides and exclusive brand merchandise.

“To cap off the exciting activities, we will close the celebration with a celebratory dinner in November 2021 to delight our varied stakeholders”.

At the event, the Coca-Cola System presented Socio-Economic Impact Report for 2015-2019 which summarises the impact of the system, the value it has contributed to the Nigerian economy and the investments it is making in communities.

According to Mr. Seguin, “since 2007, we have invested $1.7billiion in the country and we will be investing an additional N560 billion or $1b in our operations in Nigeria.

“In the last five years, the Coca-Cola system has also supported the creation of 58,000 jobs along its value chain”.

In closing, Olajide remarked that, “as we prepare for more decades of excellence and enriching moments, I believe that there are opportunities for us to learn more, listen more, and continue to tailor our beverage solutions, to provide our consumers the brands they love at the different phases of their lives, done sustainably for a better shared future.

We will continue to enable economic empowerment for the people who need it most – downstream and upstream of our supply chain to truly uplift future generations.

Our environmental, social, and governance (ESG) goals are embedded in how we operate as a business – it has been the history and legacy of the business in Nigeria, and our consumers should not expect anything less than the promise of quality, personalization, and the optimism that our beverages inspire.”

Olajide noted that Coca-Cola has always been in the forefront of corporate support for the development of football in Nigeria. Over 10,000 players, from 500 schools and 50 celebrity football coaches have participated in the Copa Coca-Cola programme which has reached the 36 States and the FCT, Abuja since it launched in Nigeria in 2009.

In addition, on January 17, 2018, Coca-Cola Nigeria Limited announced its partnership with Nigeria Football Federation (NFF) as the Official Soft Drink Company and Sponsor of all the Nigeria National Football teams.

The partnership is worth $4 million and will run for five years. Partnerships such as these have brought the FIFA World Cup trophy to Nigeria three times, as part of the FIFA World Cup™ Trophy Tour and have given many consumers the opportunity to travel and watch football tournaments live.

Sustainable manufacturing was also highlighted as an ongoing priority for the System, with a focus on Energy use reduction, Water use reduction, Emissions reduction and World Without Waste through investments made in installations such as Combiner Heat and Power plant, Effluent treatment plants and hybrid solar power installations in its manufacturing plants.

The system also reinforced its global commitment to make all consumer packaging 100% recyclable by 2025 and to enhance the collection of all packaging material by 2030 through its World Without Waste program.

 


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

Published

on

Kindly share this post

President Bola Tinubu has approved the appointment of renowned banker and businessman, Jim Ovia, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by the Special Adviser to the President, Media & Publicity, Ajuri Ngelale.

The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.

“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.

Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”


Kindly share this post
Continue Reading

News

UK Pledges €1Bn to Fight against Malaria in Nigeria

Published

on

Kindly share this post

The UK has pledged £1 billion to Nigeria’s fight against malaria and other diseases from 2024 to 2026.

UK Pledges €1Bn to Fight against Malaria in Nigeria

Ebere Anyachukwu, health adviser at the British High Commission, announced this on World Malaria Day in an interview with NAN.

This contribution supplements existing funds from other donors and will primarily support the procurement of insecticides, treated bed nets, malaria diagnostics, and chemoprevention efforts.

“There are some states in Nigeria where malaria is seasonal. Those are states where chemoprevention is used to prevent children from coming down with malaria,“ he said.

“In those states, malaria spreads in a few months within a year, and during that period, there is a high level of malaria transmission in children, resulting in lots of deaths.”

The health adviser said children in such states are usually given malaria drugs, whether or not they have the infection.

He said the UK is a big contributor to the global fund, currently supporting about 13 states in Nigeria.

He listed the states to include Adamawa, Delta, Gombe, Jigawa, Kaduna, Kano, Katsina, Kwara, Niger, Ogun, Osun, Yobe and Taraba.

“With the global funding support, there has been a significant reduction of malaria-related deaths in children in Nigeria,“ Anyachukwu said.


Kindly share this post
Continue Reading

News

60 Hearty Cheers to Chioma Ekeh, Africa’s Leading Unusual Female Tech

Published

on

Kindly share this post

The story has often been told in tech circles of how a relatively unknown Nigerian female student became a sensation of sorts among the international student population back in the early 80s in India owing to the unusual course of study she was undertaking.

60 Hearty Cheers to Chioma Ekeh, Africa’s Leading Unusual Female Tech

Chioma Ekeh

Electing to study Mathematics at Bachelor’s degree level – a course that required not only battling differential equations, calculus, advanced algebra, and so on, but also pitting one’s wits against that of wizened professors – is not a task for the faint-hearted. But that was the path that this unusual lady took at Punjab University, located in the culturally rich and aesthetically pleasing city of Chandigarh, India.

It was a decision that would lead Chioma Ekeh (nee Emelonye) along the path of meeting the love of her life, a certain Leo Stan Ekeh and returning to Nigeria with him to play a leading role in shaping the course of technology distribution in Africa.

Undoubtedly, unusual may also be a word that defines Chioma and Leo Stan Ekeh’s remarkable journey together. A power couple and exemplary partners who have worked together for over 30 years building a successful technology empire is a rarity, one that is not often seen.

That sojourn to India and her subsequent career trajectory laid the groundwork for the impressive reputation Chioma Ekeh has built in the highly competitive technology space. Business associates and representatives of global brands never fail to cite her intellect and brainpower.

Job seekers who cross her path during interviews often recall being asked to solve a simple arithmetic problem. For those who eventually become employees, there is never-ending adulation.

Her husband, Leo Stan Ekeh, describes her as the integral analytics, the backbone behind the brilliant success of the Zinox Group where she has continued to support all the businesses across the board.

Such is the cerebral aptitude of this unusual woman that she is reported to have taken the stage once at a company-wide business review to present a financial report punctuated by humongous accurate numbers, figures and percentages, all from memory and without recourse to any notes, a device or an actual presentation document.

Born on April 25, 1964, the story of the impressive diffusion, accessibility, useability and affordability of cutting-edge technology devices and solutions in Nigeria and indeed, sub-Saharan Africa will be grossly incomplete without a detailed citation on Chioma Ekeh and the leadership role she has played – one she has continued to play as a silent innovator and disruptor–alongside her legendary spouse.

A Fellow of the Chartered Institute of Certified Accountants (FCCA, UK), Mrs. Chioma Ekeh is the brains behind TD Africa, a regional technology distribution powerhouse headquartered in Nigeria and with branches across Africa and in four other continents.

A company she led from start-up stage, TD Africa with Chioma Ekeh as CEO, pioneered ICT distribution in Sub-Saharan Africa and has remained the industry leader by market share in the region and the biggest provider of credit to resellers.

Founded in 1999, TD Africa is Africa’s leading distributor of technology and lifestyle products, boasting an unmatched and growing network of partnership with global brands like HP, Microsoft, Apple, Starlink, IBM, Dell Technologies, Ring (by Amazon), Cisco, Lenovo, APC by Schneider Electric, Samsung, Bosch, Phillips, Logitech, Vivo, among several others. Under Chioma’s exemplary leadership, the company has achieved numerous milestones, earned a long list of local and international awards/accolades and ensured Nigeria and indeed Africa is reckoned with at the global table of technology conversations and discussion-making.

However, this remarkable story may have turned out differently, had Chioma not returned to Nigeria under the guidance of her husband.

Armed with a formidable Mathematics degree after completing her studies in India, Chioma had the world at her feet and was the toast of leading companies the world over.

Moving to the United Kingdom at the invitation of her husband, Chioma joined the exalted league of Chartered Accountants and thereafter, bagged an MBA at the reputable Heriot Watts University.In 1987, she joined Sterling Deveraux as an Investment Analyst, engaging in researchand analyzing assets, such as stocks, bonds, currenciesand commodities.

Her acumen and exceptional skills were growing in demand and before long, she left Sterling Deveraux, joining the London Borough of Lewisham as an accountant in 1988.

Between 1988 and 1991, Chioma’s sterling work saw her rise swiftly through the ranks at the London Borough of Lewisham, moving from Accountant to Senior Auditor and then to Financial Auditor.

Certainly, Chioma Ekeh had a clear path to becoming CFO and possibly CEO at the London Borough of Lewisham or even going on immediately to taking up other elevated roles at other organizations. But the love of motherland and the call of her husband – Leo Stan Ekeh – to return home to Nigeria with him and build a technology legacy for Nigeria and Africa proved too strong.

Back home, Chioma Ekeh’s initial area of responsibility was with Task Systems Ltd., the first of many companies in the Zinox Group set up by Leo Stan Ekeh.

She took up the position of Financial Controller and spent six achievement-filled years at Task before driving the vision of technology distribution birthed by her husband in launching TD Africa where she became the company’s pioneer CEO.

A quiet, unassuming tech icon, Chioma Ekeh has acquired a well-deserved status as unarguably one of Nigeria’s top three leading Women-in-Tech, a female technology business leader with extensive years of proven capacity in building high-performing teams and transforming businesses beyond stakeholders’ expectations.

In partnership with her husband, Chioma Ekeh has played immense roles in growing and nurturing partner businesses, launching several thriving new businesses and successfully closing some of the biggest acquisitions in the technology space in Nigeria.

The Tech Experience Centre – Africa’s first technology experience centre – located at Yudala Heights, a sprawling edifice in the heart of Victoria Island – is another project that has Chioma Ekeh’s indelible signature on it.

The launch of the Tech Experience Centre in October 2020 received high praise from the Nigerian government and representatives of global Original Equipment Manufacturers (OEMs).

Under her guidance, Celebrating You, an annual showpiece celebratory event hosted by TD Africa has become unarguably the biggest year-end event in the Nigerian technology industry for over a decade.

Also, she has spearheaded several CSR projects, including The Herwakening – an empowerment programme for female entrepreneurs– and Girls in ICT – a project targeted at encouraging young girls to take up STEM (Science, Technology, Engineering, Mathematics) disciplines and considering careers in technology.

As she turns 60, Chioma Ekeh deserves rarefied mention and unmitigated encomiums. An amazon, this unusual female tech icon who has shattered several glass ceilings, knows no fatigue and has continued to innovate, effortlessly leading from the front.

 

 


Kindly share this post
Continue Reading

Trending