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#MoDiTECH2019 Holds Today in Lagos

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C-level executives including CEOs/CFOs/CROs/CCO/CIO; Directors and Heads of trading, operations, research, analytics, investment, strategy, digital, compliance, risk and data analysts; and senior regulators and policymakers; drawn from the FMCGs, Financial Industry including Fintechs, Banks, Insurance Companies, etc., AgriTech, Logistics, Cyber security companies, amongst others will converge on the island in Lagos State for the maiden Mobile and Disruptive Technology Forum (#MoDiTECH2019).

ModiTECH’19 is a flagship Forum by TechEconomy.ng in collaboration with Nigeria CommunicationsWeek, and will serve as a platform for inter-sectorial review of economic impacts of technologies; giving particular attention to the disruptive potentials of emerging solutions supported by the Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provision

The event under the theme: “The Power of Digital Services”, holds at Victoria Crown Plaza Hotel (VCP), 292B, Ajose Adeogun Street, Victoria Island, Lagos with the Minister of Communications and Digital Economy, Dr. Isa Ibrahim Pantami as the special guest of honour.

Other special invitees expected at the Forum are the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta; the Director General of the National Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi; the President, African ICT Foundation (AfICTF), Mr Tony Ojobo; the President of NiRA, Mr. muhammed Rudman, among others.

Meanwhile, the Founder & Vice Chairman, CWG Plc, Mr. Austin Okere will present the keynote at MoDiTECH 2019. Similarly, the Managing Director of Rack Centre, Dr. Ayotunde Coker will Chair the Forum.

#MoDiTECH2019 is chaired by the Managing Director of Rack Centre, Dr. Ayotunde Coker, while the Chairman, Connect Technologies & Africa Chair for IEEE, Chris Uwaje (Oracle), is the co-chairman and will moderate a session on digital disruptions.

Other speakers include, the Co-Founder/COO, Digital Encode, Dr. Obadare Peter Adewale; Co-founder/CTO, Digital Encode, Dr. Oluseyi Akindeinde; the Chief Operating Officer, FinTech Association of Nigeria (FinTechngr), Dr. Babatunde Obrima;  the Founder Rise Labs; Nigeria’s First AI powered Learning, Research & Work Readiness Centre, Toyosi Akerele-Ogunsiji; the Chief Technology Strategist, Debbie Mishael Consulting & Board Member Global Advisory Council, EC-Council, Engr. Frank Ogochukwu; the Managing Director of Global Accelerex Limited, Tunde Ogungbade; CEO, i-naira.com, Hillary Ugo Nwaukor; CEO, ChurchPlus, Peter Ihesie; President, Association of Licensed Mobile Payment Operators (ALMPO), Chinedu Onuoha; Managing Director/CEO, Galaxy Backbone Limited, Yusuf Kazaure; Chairman, Committee of e-Business Industry Heads in Nigeria (CeBIH), Stanley Jacob; CTO, Medallion Communications, Dr. Kris Ranganath; the Vice President of NiRA, Mr. Toba Obaniyi. amongst others.

There will be special presentations led by InnovationBed.Africa on Health & Well-Being: CHEKKIT by Odunmade Dare; Business & Commerce: AFRIMART by Ojeniyi Olajide; Environment & Clean Energy:  FARMZ2U by Aishat Raheem and eLearning & Education: CAPMUS TORCH by Taiwo Ogunde.

Organizers of this strategic event announced Global Accelerex Ltd as Platinum sponsors. Global Accelerex is the foremost financial technology company in Nigeria that provides electronic payment and business management solutions to different categories of merchants across Africa.

Other sponsors include Galaxy Backbone, Access Bank, Zenith Bank, Digital Encode, Medallion Communications, i-Naira.com and ActivEdge Technologies.

 


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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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