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Emirates Gives Reasons for $500m Long-Term Investment

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Emirates Airline, a global connector of people, places and economies, has unveiled a $500 million financial investment on its wine program, to enable the award winning airline continue to serve the best wines on board.

On any given day, over 60 different wines, champagnes and ports, sourced from the best vineyards in 11 countries, are served onboard Emirates to passengers in all classes.

Representing a long-term investment of over US$500 million to date, Emirates’ wine programme is a critical component of its inflight dining experience.

As with every aspect of its service, wine selection and planning is undertaken with meticulous care.

Rather than depend on intermediary buyers, Emirates’ own team of experts has built relationships directly with some of the world’s most prestigious chateaus and vineyards to handpick and secure the wines served onboard.

“To us, wine is an experience. Our customers want to enjoy wine onboard as if they were in a fine dining restaurant. It’s not just red, white, or rosé. They are interested in where the grape comes from, the vintage, the vineyard’s heritage and so on. That is why over a decade ago, we moved away from the usual corporate procurement process and decided to take control of our own destiny,” said Sir Tim Clark, president of Emirates Airline.

Emirates has a dynamic strategy of buying wines, and an intensive programme to secure the best vintages for future consumption by buying en primeur – often before the wines are bottled and released to the market.

The airline currently has over 1.2 million bottles of wines aging in its cellar in Burgundy, France.

 Some of these vintages will only be ready for consumption in a decade’s time.

“The thing about wine is that each vintage is finite. Therefore we want to get in early to secure the best stock for our customers. Over the years, we have developed very strong relationships with the best, as well as the most promising producers in all the main wine regions. That helps open the doors for us to get the best picks. Sure, it is a big investment.

“But wine and champagne will always be an important aspect of our onboard product therefore we take a long term view. It is simply part of our rigorous planning process.  Just as we know how big our fleet will be and where these aircraft will fly, we know what wines we are going to serve in each class on a particular route in four years’ time,” said Sir Tim.

At the heart of Emirates’ cellar are wines from the Bordeaux region in France, accounting for almost half of the airline’s total wine portfolio.

With labels from France’s most prestigious vineyards including Château Lafite, Château Margaux, Château Latour, Château Haut-Brion, and Château Mouton-Rothschild, Emirates’ cellar is a wine connoisseur’s dream.

Emirates’ selection criteria not only takes into account the quality of wine and how it is paired with the food served onboard, but also how it is likely to react to altitude when served at 35,000 feet in the air.

Emirates’ customers in First Class can expect Dom Perignon champagne, one of world’s leading vintage champagnes on almost every one of our flights.

As a special treat for a limited time, we will be serving Dom Perignon 2003 Rosé on A380 flights to San Francisco and Houston in December.

The 2003 vintage was a real challenge for its creation due to extremes in weather conditions.

After an unusually harsh, dry winter, severe frost devastated the grape crop. This was followed by the hottest summer in 53 years.

The grapes that miraculously survived the frost and hail were then subject to scorching heat.

However, the grapes harvested were mature and healthy, comparable to those of the legendary 1947, 1959 and 1976 harvests.

The resulting intensity is unique and paradoxical, hovering between austerity and generosity.


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Uche Ikejimba Secures Sixth Consecutive AMVCA Nomination With Best Unscripted M-Net Original Nod

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Uche Ikejimba, Award-winning producer, has secured her sixth consecutive Africa Magic Viewers Choice Award nod. The organizers made the nomination announcements on Sunday, March 24, 2024, across all Africa Magic channels. It saw Ikejimba clinch a nom in the ‘Best Unscripted M-Net Original’ category for What Will People Say.

In 2022, Ikejimba received two nominations for ‘Best Africa Magic Original Drama Series’ for Unmarried and Dilemma. She secured two other nominations in 2023 in ‘Best Unscripted Original’ for Come Play Naija and ‘Best Original Drama Series’ category for Unmarried.

Speaking about her latest nomination, Ikejimba said, “I’m very humbled and beyond grateful to be receiving my sixth consecutive AMVCA nomination. Anyone who knows me will acknowledge that I often put my blood, sweat and tears into the shows I produce. After Truth won its nomination in 2020, I’ve been holding on patiently for a second win and I hope this is the year. So, here’s my hearty congratulations to my fellow nominees and a huge thank you to the AMVCAs organisers for honoring me.”

Ikejimba is one of Africa’s most-sought after serial producers, and has earned herself the title, ‘Reality TV Series Savant’, with work on 100% Naija, Vodafone Icons, Naija Sings, Calabar Festival Diaries, Big Brother Reunion, Shoot Your Shot, What Will People Say, Come Play Naija, and the more recently airing Husband Material and Overall Best.

She came into the world of Television production as an associate producer on Moments with Mo, the first and only syndicated daily talk show in Africa at the time. However, she has also proven that her talents go beyond producing reality shows or unscripted serials, and she can run with the best in producing original drama series.

In 2016, she landed her first commissioned project with Africa Magic titled Hustle. The series about a young man’s first time in Lagos became an instant hit and ran for three seasons, with 360 episodes. She created, wrote and produced Blink’s original 26-episode drama series titled Truth. The show won an AMVCA for ‘Best TV Series’ in 2020. That same year, she produced and wrote the hit series, Unmarried. The show ran for four seasons and ended on a high.

Off the success of these drama series, she produced Africa Magic’s Dilemma, a 260-episode telenovela. She produced Shallow and the recent Africa Magic fanfavourite original, Manfriend. The show follows the women of the King family and their dysfunctional relationship with the men in their lives. She also produced Showmax’s first original law limited series, AGU in 2023. Her first feature length film, Phantom is a co-production and is also nominated for several awards such as the Toronto International Nollywood Film Festival (TINFF).

Uche Ikejimba has beaten many odds to become a producer and remained steadfast in her commitment to producing the best shows Africa has ever seen. As the continent prepares for the milestone 10th AMVCA, the Reality TV Series Savant and producer extraordinaire is content to celebrate her sixth consecutive nomination. Find out if she clinches her second AMVCA win when the awards air live across all Africa Magic channels on May 11, 2024.


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Banks Close 2m Accounts over BVN, NIN, Others

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Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number (NIN).

Banks Close 2m Accounts over BVN, NIN, Others

This is contained in a report by the Nigerian Interbank Settlement System (NIBSS), which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.

A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.

However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.

Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number (BVN), and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.

According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.

 

Credit: Vanguard

 

 


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Dubai-Based Citizenship Firm Imperial Citizenship Expands to Lagos, Targets Africa’s Growing Wealth

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Imperial Citizenship, a Dubai-based firm specialising in Citizenship and Residency by Investment (CRBI) solutions, has set its sights on Africa’s burgeoning wealth with the launch of a new office in Lagos, Nigeria.

This strategic move positions Imperial Citizenship to capitalise on the continent’s growing population of high net worth individuals (HNWIs) seeking international investment and mobility options.

Imperial Citizenship boasts a proven track record of success, having secured over 2,000 approvals for clients seeking alternative citizenship and residency pathways. Their partnerships with over 15 governments worldwide provide a diverse portfolio of investment opportunities that adhere to strict international regulations.

With its Lagos launch, Imperial Citizenship begins its foray into Africa. The continent boasts a burgeoning HNWI population, according to PwC, presenting a lucrative market for investment firms like Imperial Citizenship.

According to the World Bank, African economies are projected to grow by 3.4 % in 2024 as the African Development Bank Africa has reported that Africa will account for eleven of the world’s 20 fastest-growing economies in 2024. Highlighting the market’s potential, Mr. Zaid Al Hindi, Founder and CEO of Imperial Citizenship, says, “our expansion into Lagos allows us to directly cater to this affluent segment, offering them strategic solutions for global asset diversification, optimised investment opportunities, and enhanced global mobility.”

“At Imperial Citizenship, we do not operate through intermediaries, as we differentiate ourselves through direct government partnerships. This ensures transparency, legality, and efficiency throughout the application process, providing peace of mind for investment-minded clients” Zaid stated during the launch event in Lagos.

Speaking on the company’s approach to CRBI, Zaid mentioned, “At Imperial Citizenship, we prioritise a client-centric approach. We go beyond simply offering programs; we provide dedicated advisors who understand the unique needs and aspirations of each client. This personalised service ensures clients receive tailored investment options that align with their financial goals and risk tolerance”.

The launch of the Lagos office underscores Imperial Citizenship’s commitment to global expansion. With physical offices in Dubai and now Nigeria as well as operational representatives in Mexico, Algeria, and Turkey, Imperial Citizenship demonstrates its ability to cater to a geographically diverse clientele.

Looking ahead, Zaid highlighted that Imperial Citizenship plans to broaden its service offerings and expand its reach into new markets. By strategically targeting Africa’s rising wealth, Imperial Citizenship is well-positioned to solidify its role as a leading player in the CRBI industry, offering investors a gateway to global opportunities.


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