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Joclemns Technologies Launches SolidWorks Software into Nigeria

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For businesses in the medical, industrial, scientific, educational, technology, consumer and transportation markets; the emergence of SolidWorks software appears to have provided the sought-after respite. Design teams can now develop better products with SolidWorks software.

Used by over half a million product designers and engineers worldwide, SolidWorks provides intuitive and straightforward 3D CAD tools to assist design teams develop better products.

It is the leading 3D CAD solution worldwide, providing all of the functionality needed to design world-class products with unmatched ease of use for the freedom to focus on product design as against software.

Speaking at a recent launch of the software solution in Lagos, managing director of Joclemns Technologies Limited, distributors of the product, Clement Nnedu, described SolidWorks as an extremely powerful, yet easy to use industry standard for 2D and 3D CAD designs used by more than 85% of the world’s top-ranked engineering institutions.

"SolidWorks has proven its adaptability to most engineering design needs. Customers have used it to design a broad range of products, including exploratory sub-sea, electric vehicles, Formula one race cars, and industrial machinery with tens of thousands of parts."

"It has been endorsed and embraced by top-ranked four and five-year engineering degree programmes, worldwide. Over 14, 000 academic institutions are using SolidWorks software to teach engineering technology and design," said Nnedu.

The Joclemns managing director noted that the software has a larger and more active user community worldwide than any other mainstream 3D CAD software with half a million designers and engineers designing products at more than 80, 000 companies in more than 100 countries.

He affirmed that SolidWorks has evolved with more product innovations and enhancements than any other 3D CAD product in the industry. This according to him means that the software has kept abreast of evolving customer needs and enhanced the technology to constantly meet those needs.

Users of SolidWorks software all over the world have described the product as the better preferred 3D design or modeling software product amongst its competitors, which has resulted in companies migrating from their previous product design software to SolidWorks.

Often acclaimed to be easier to learn and use, and with the ability to reduce product design time, usage of SolidWorks results in improved product quality and greatly reduces prototype fabrication cost.

One distinct feature about SolidWorks design software according to Nnedu is that the designer and even his client can both have first hand experience of the ruggedness of the designed product by way of drop-testing the product to feel the impact that drop would have on it.

"Ordinarily, a product dropped from such distance would break up but with SolidWorks software, having passed through drop-test, would still remain intact. This definitely, stands SolidWorks design software out from the rest of the 3D CAD platforms in its category," Nnedu intimated.

He stated further that engineering educators and students understand that to compete effectively, they must migrate from today’s mixed world of 2D drafting tools and ad-hoc 3D modeling to a 3D-centric design process, where the 3D master model is the common basis for all drawings and other downstream functions.

According to him, SolidWorks is the first product of its class to bring the power of solid modeling production into a native Windows environment adding that what SolidWorks has done for the industrial design world is providing the engineering-level design tool which designers can use, as opposed to CAD programmes of the past which have been prohibited for industrial designers either because of cost or complexity or even both.

In Rwanda for example, government’s efforts at using science, technology, engineering, and mathematics (STEM) in driving the country’s economy got a boost with the partnership it entered with SolidWorks Corporation. SolidWorks is helping in the conversion of 2D files to 3D solid models as well as providing software and business expertise to launch and grow a start-up company in the country.

SolidWorks’ involvement in the country is the latest in the series of efforts aimed at helping rebuild Rwanda’s infrastructure destroyed by the civil war that ravaged the country some years ago. SolidWorks Corporation has donated software and staff time to train teachers on how to use SolidWorks to promote STEM education with the goal of increasing the country’s engineering population.

Nnedu believes that the introduction of SolidWorks software into Nigeria’s economic developmental plan would transform the country into a technology wonder and make the youth more productive.

"It is the country’s most desired solution to providing innovative resource for learning and teaching across a broad range of engineering, design, and physical sciences subjects," he concluded.


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Inlaks CEO, Femi Adeoti, Wins Top CEOs & Next Bulls Award

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Femi Adeoti, managing director and CEO, Inlaks, Africa’s foremost Information Technology and Infrastructure solutions provider in West Africa, has been announced as a winner of the 2020 Top CEOs & Next Bulls Awards organised by Business Day Media Limited in collaboration with the Nigerian Stock Exchange (NSE).

The MD/CEO whilst receiving the award dedicated it to the management and staff of Inlaks for their relentless service even during these trying times.

He also appreciated the board of the organization that drove changes within the organisation particularly in the pandemic which led to the company being recognized and the customers who have continued to support Inlaks while being ambassadors of all Inlaks’ solutions.

The CEO and Next Bulls awards, the sixth in its series, recognizes the CEOs of listed companies creating competitive shareholder value through sound strategy, disciplined execution and world class governance. In addition, it celebrates chief executives of quoted companies that have demonstrated the most impressive gains in both share price and service delivery.

Themed “Advancing Against all Odds,” this year’s award particularly recognised businesses that have been thriving in spite of the global harsh economic realities.

According to the organisers of the award, the indomitable Next Bulls are the CEOs raging forward at a time when many businesses are choosing to retreat, thus acknowledging Adeoti’s good leadership in the area of corporate governance, innovation and service delivery.

The CEOs award celebrates the CEOs of successful, privately-owned indigenous companies built by Nigerians, led by Nigerians and poised to lead their categories on the continent.

Established in 1982, Inlaks is Africa’s leading Information Technology systems integrator with presence in Nigeria, Ghana, Kenya, Gambia, Sierra Leone, Guinea, Liberia and Cameroon. As solutions provider, it offers core banking, agency banking, fraud management, cyber-security, cloud, data centre, enterprise risk management and software solutions.

Part of the criteria for selecting winners of this year’s awards held virtually on September 5, are stock price appreciation, Profit After Tax (PAT) growth, an unblemished regulatory compliance record, and positive marketplace reputation among customers in the period under review.

Winners are also selected based on significant interest shown by active and informed investors on the Nigerian Stock Exchange to invest in their stock should their boards ever decide to take them public.


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Transcorp Hotels Hard Hit by COVID-19, Mulls Restructuring

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The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue.

Transcorp Hotels Hard Hit by COVID-19, Mulls Restructuring

Dupe Olusola, MD, Transcorp Hotels

Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize its operations.

The management of Transcorp Hotels Plc has announced that it will be taking steps to ensure business continuity in the wake of the losses recorded due to the COVID-19 pandemic.

To this end, the hotelier is diversifying its portfolio and reducing its workforce as part of its cost management initiatives.

Mrs Dupe Olusola, managing director, Transcorp Hotels Plc, disclosed this during a Press Conference on Thursday saying “The impact of COVID-19 on the business is like nothing the company has ever witnessed. The hotel and hospitality industry in Nigeria has never faced a crisis that brought travel to a standstill, including the Ebola Virus Outbreak of 2014 and the recession of 2015. The slow pick up of international travel, restriction on large gatherings, the switch to virtual meetings and fear of the virus, has drastically reduced demand for our hotels and occupancy levels to its lowest of less than 5%.”

According to her “Despite the losses incurred we have fulfilled our obligations to staff. At the inception of the pandemic, we maintained a 100% salary payment to our over 900 employees in March and April. We also activated various cost-saving initiatives such as renegotiations of service contracts and restructuring of our loans. We suspended further commitment to buy fixed assets and operating equipment as well as reducing our energy consumption and maintenance costs. Despite undertaking these, it has become apparent that more fundamental changes need to be made for the business to survive. To this end, our workforce headcount will be reduced by at least 40%, and our reward system will be optimized.”

Mrs Olusola further disclosed that negotiations are ongoing to ensure that our colleagues who will be impacted are adequately compensated given the peculiarities of the economy at this time.

A health insurance package to reduce their health burden costs, especially during the pandemic, amongst other payment settlements, will be activated.

Equally, all Executives of Transcorp Hilton Abuja have now taken a pay cut.

As one of the leading hospitality brands in Africa, Transcorp Hotels Plc has stated its commitment to uphold service standards and ensure that all guests continue to experience the warmth and hospitality that it is known for.


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LCCI Announces Date for Virtual Edition of ICTEL Expo

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The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, is set to host the 6th edition of the Information, Communication, Technology and Telecommunications (ICTEL) Expo.

The tech event is scheduled to take place virtually on Tuesday 22ndand Wednesday 23rd September at 9am daily. To this end, interested participants are urged to register online via www.ictelexpo.com.ng

Muda Yusuf, director general of the Lagos Chamber of Commerce and Industry (LCCI) said: “The ICTEL EXPO is positioned to be a veritable platform for both operators and regulators to network, showcase and explore with technology with the view to repositioning the ICT sector of the economy.”

Yusuf added “that this year’s edition promises to be the best ever in the series with the theme “Exploring Opportunities in the Digital Economy” This is intended to create a platform to discuss strategies for economic diversification and business sustainability with particular focus on ICT, especially with the current challenges posed by the COVID-19 pandemic. There would also be virtual conferences and exhibition during the two-day event.

Yusuf also emphasized that relevant agencies and departments of Government will be exhibiting and attending to other exhibitors and participants.

He stated that the Government Ministries, Departments and Agencies that have confirmed attendance to participate are Ministry of Communications; Nigerian Communications Commission (NCC) amongst others.

In addition, the Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Pantami and the Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar GarbaDanbatta, are expected as Special Guests.

Mrs. Funke Opeke, managing director, MainOne Cable and chairman, Presidential Committee on National Broadband Plan, is expected to deliver the Keynote Address on the first day.

While Mr. Victor Eburajolo, deputy group managing director, Kewalram Group, will be delivering the Keynote Address on the second day at the virtual Expo.

Yusuf stated that “so far, so good the excitement that the virtual Expo has generated has been phenomenal and we are indeed happy about it.”


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