Royal Philips, a diversified Health and Well-being company, has introduced its latest ultrasound and infant warming/thermo regulation solutions in Nigerian.
The equipment are specifically designed for care providers across the wide variety of clinical environments in Africa.
The Company focused on improving people’s lives through timely innovations, unveiled the innovative products, Efficia Infant Warmer and ClearVue 650 in Lagos on Thursday during its 2013 Cape Town to Cairo road-show stopover in Nigeria.
Philips as a world leader in healthcare, lifestyle and lighting, integrates technologies and design into people-centric solutions, based on fundamental customer insights.
Speaking during the road-show, Van Dongen, chief executive officer, Philips Africa, described Efficia Infant Warmer as designed and developed for markets in Africa and provides reliable infant thermoregulation support for newborns creating a warm and stable environment, which is crucial for a baby’s immediate and long-term survival.
“The Efficia Infant Warmer is designed as an open care environment for newborn infants and provides an intense source of radiant heat energy, controlled by feedback from the baby’s skin temperature. Easy to use and reliable, EIW is another example of Philips’ commitment to more cost effective, simplified, patient-focused care solutions to reduce maternal and neonatal mortality in Africa,” he said.
Phillips also introduced the ClearVue 650, an advanced imaging ultrasound system with Auto Face Reveal facilitating the visualization of the baby’s face, possibly enhancing parental-fetal bonding.
The ClearVue, Dongen added, is a lightweight and cost-effective supports clinical in examining pregnant women and enhances their diagnostics and decision-making process.
“In addition to the pregnancy care, the ClearVue 650 spans a range of applications from obstetrics and gynecology to cardiology, abdominal, vascular, breast, musculoskeletal, urology and general imaging.
On his part, Ronald de Jong, executive vice president and chief market leader, Royal Philips, said that Philips is expanding its businesses in Africa with innovations that address local needs, adding that the roadshow is instrumental in raising awareness on how Philips can enhance Africa with an Africa-relevant product portfolio and a strong historical presence on the continent. “Philips is committed to significantly expand its business footprint in Africa in the coming years.
“Philips entered Africa over a century ago; we have a comprehensive understanding of the complexities of the African market and the key challenges facing Africa today. We are well positioned to increase our presence on the continent by developing local talent and organizations, increasing our footprint and introducing innovative products and solutions which are relevant for local needs,” he said.
De Jong added that roadshow visiting Nigeria for the third time, the Company is poised to train 100 healthcare professionals in Lagos, as part of its efforts to support the United Nation’s Millennium Development Goals (MDGs) 4 and 5 aimed at reducing child mortality and improving maternal health.
The team also highlighted the benefits of Philips’ Light-emitting diode (LED) lighting and solar solutions which offer energy efficient, cost effective and reliable on and off-grid illumination.
The Company said it shall be introducing the new solar powered LED street and Area lighting solutions in Lagos.
NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution
Nigerian Communication Commission (NCC) has warned telecom consumers to desist from using illegal GSM boosters.
The commission also said that anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.
GSM boosters are devices that transmit and receive telecommunications signals and can therefore interfere with other radio frequency equipment.
Ikechukwu Adinde, director, public affairs, NCC, said in a notice published on NCC website, that only licensed network operators are allowed to use GSM boosters.
The booster, also known as amplifier or repeater is made up of three main elements – exterior antenna, amplifier, and interior antenna.
They form a wireless system to boost cellular reception
“Members of the public should note that, willful interference with any wireless telegraphy is an offence under Section 16 of the Telegraphy Act, 2004,”it said
The agency said it will not condone any flagrant breach of this law.
It has also enforced measures to prosecute offenders.
Accordingly, monitoring mechanisms have been put in place and anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.
“Any member of the public with useful information regarding the illegal use of GSM Boosters should contact the Commission on 09-4617000/7351 or send an email to [email protected],” the notice said.
“Individuals desirous of using GSM Boosters should note that they can only do so in conjunction with licensed network operators,” it added.
Tizeti announced that it selected Nokia’s Fastmile Long Term Evolution (LTE) technology to enable usprovide superior internet services to over 1 Million subscribers in Port Harcourt, Edo and Ogun in Nigeria.
Tizeti will deploy Nokia’s AirScale Base Station TDD-LTE and FastmileFixed Wireless Access (FWA) gatewaysto deliver premium internet and Virtual Private Network (VPN) services to Residential, Small and Medium Enterprises (SMEs).
The solution will also enable Tizeti’sto deliver a more robust, high-speedinternet service to subscribers and the flexibility to seamlessly evolve to 5G Fixed Wireless Access when needed.
Nokia’s FWA solution enables Tizeti to fast-track broadband access and provide a best-in-class broadband experience to its subscribers.
Nokia’sAirScale Base Stations ensure high-quality connectivity and coverage and enablesTizeti to evolve the network in line with customer demand.
Nokia’sFastmilegateways connect wirelessly to the existing network to createa fastbroadband connection and enhanced Wi-Fi experience in the home.
The Nokia Network Services Platform will help Tizeti to simplify operations and quickly respond to changing market demands.
Kendall Ananyi, Tizeti, said:“We are committed to providing the best-in-class network experience to our subscribers. We are confident that Nokia’s proven technology and expertise will help us differentiate our services based on quality. This a crucial project for us as it introduces LTE in our networks and allows us to bring new and innovative services to our subscribers.”
Eniola Balogun, Nokia, said:“We are thrilled to work with Tizeti on the initiative to upgrade their network to bring the latest products and services to its subscribers. Nokia Fastmile will help Tizeti to cost-effectively enhance the customer experience.
The project will also enable them to delight their subscribers by providing more reliable data services.
On the other hand, Tizeti will benefit by adding new revenue streams.”
Risk Assets Push Higher on Vaccine Hopes; Eyes on the Fed
By Hussein Sayed, Chief Market Strategist at FXTM,
After two consecutive weeks of back-to-back declines, global stocks kicked off Monday with solid gains amid a surge in M&A activity and positive signs towards vaccine developments. Currency markets were little changed ahead of a busy week of monetary policy announcements, while Oil and Gold ticked slightly higher.
The two big deals announced over the weekend were Softbank’s plan to sell chipmaker ARM to Nvidia for more than $40 billion and Gilead Sciences to acquire Immunomedics for a price tag of $21 billion. Meanwhile, on the vaccine front, AstraZeneca resumed its phase-3 trial on Covid-19 after being suspended last week following a neurological illness developed in one participant, and Pfizer announced that its vaccine could be distributed before year-end if found safe and effective.
Central Banks will take centre stage this week with the Federal Reserve, Bank of England and Bank of Japan all due to announce policy decisions. Out of the three meetings, the Fed is likely to be the most watched following its historic shift towards average inflation targeting. The big question remains how will the FOMC put this policy into action?
From what we know now, the Fed is set up to keep interest rates near zero for a long time, possibly for several years. Given the new framework, any spike in inflation won’t translate into immediate rate hikes as the Fed wants to compensate for the lost years when they have failed to hit the target. The dot plot will be the key guide for investors and traders alike. If inflation projections remain at 2% or below for the foreseeable future, this will solidify market expectations for a low rate environment for many years to come. That said, Jay Powell would still have to explain in more detail how the new framework will be translated into policy action.
In June’s economic projections, the Fed anticipated unemployment would be at 9.3% by year-end, but, in August, unemployment was well below that forecast at 8.4%. Many other economic data surprised to the upside during the June – August period in a clear sign that most economists were overly pessimistic towards the strength of the recovery. However, there is still a considerable amount of uncertainty given the latest surge in Covid-19 cases worldwide and the US, especially as we get closer into the winter season. A second wave will undoubtedly put the recovery at risk in the final quarter of the year and it will be interesting to see the Fed’s view on that issue.
As for the market selloff over the past two weeks, the Fed isn’t likely to show any signs of concern. In fact, policymakers should be satisfied with the pullback as the risk of a bubble in several assets has been growing due to the Fed’s extremely accommodative policies. Unless we see another 10 -15% drop, do not expect the Fed to intervene.
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