Monthly Archives: November 2012
UBA, First Bank win The Banker’s awards
The Banker Magazine, a publication of Financial Times, has named United Bank for Africa Plc (UBA), the ‘Bank of the Year’, Africa while FirstBank, was announced the winner of the “Bank of the Year in Nigeria 2012” at a ceremony held at the ballroom of the Intercontinental Park Lane Hotel, London.
The award is regarded as the industry standard for banking excellence and nominees were judged by their ability to deliver shareholder returns and gain strategic advantage in terms of market visibility and positioning.
According to a statement by The Bankers, “The ‘Bank of the Year’ is selected based on the overall performance of the financial institution and the opinion of leading financial analysts from the world’s financial markets. Winners were recognised and presented with awards in the presence of over 450 leading bankers across the globe”.
Heineken Unveils New Global Bottle in Nigeria
Noted for the premium quality of its packaging and content and for opening the world of its consumers, Heineken, the world’s leading international premium beer has unveiled a new global bottle.
The brand, which constantly looks for opportunities to set new world standards to provide its consumers with utmost quality, did not disappoint as it held a spectacular World Premiere of the bottle at the Federal Palace Hotel and Casino in Lagos which attracted high net worth personalities.
Speaking at the unveiling ceremony, Mr. Nicolaas Vervelde, Managing Director/CEO Nigerian Breweries Plc said the company has been reinventing its brands and driving innovation over the years. Heineken, he noted, is an outstanding brand in Nigeria, the fastest growing and most premium lager beer in the country, hence the name “Chairman”. The packaging, he continued, is state of the art and a retinue of distributors will ensure that it gets to the hands of its consumers wherever they are.
South Africa Firm acquires $335m equity in MTN Nigeria
South Africa firm, Shanduka Group has announce the acquisition of a minority stake in MTN Nigeria. The stake has been purchased through Shanduka Telecommunication (Mauritius), a wholly-owned subsidiary of the group. Shanduka acquired its stake from three private investors.
According to a release by the company on its website(www.shanduka.co.za), Shanduka Group CEO Phuti Mahanyele said: “This is Shanduka’s most significant investment in another African country. It is a business that is well established within a market that has great potential for further growth. Shanduka will continue to pursue opportunities in other parts of Africa.”
The transaction, which is worth US$335 million, is the largest investment Shanduka has made outside South Africa. It forms part of the group’s strategy to invest in key sectors in growing African markets. It is an indication of Shanduka’s confidence in Nigeria as an important investment destination.
LG Electronics launches Anti-Malaria Air-Conditioner
As part of its commitment to improve both health security and the quality of life in Africa through technological innovations, LG Electronics has launched an advanced residential air conditioner (RAC) which utilizes ultrasonic wave technology to repel mosquitoes.
According to the company, the “Anti-Mosquito” air conditioner has been shown in tests conducted in a Peet Grady chamber to deter on average 64 percent of malaria-transmitting female Anopheles mosquitoes within 24 hours and 82 percent overall. Aside from offering greater peace of mind, the Anti-Mosquito air conditioner also comes with all the advantages of LG’s AC technologies, delivering powerful cooling and superb reliability even under extreme operating temperatures.
Coca Cola Appoints New Managing Director
Coca-Cola Nigeria Limited has appointment Adeola Adetunji as the company’s new Managing Director replacing Kelvin Balogun who was inducted to the position of President of Coca-Cola Central, East and West Africa (CEWA) Business Unit.
In a release by the Public Affairs and Communications Manager of Coca Cola, Clem Ugorji, Adetunji is expected to effectively act as the MD of the company January 1, 2013.
Adetunji currently the General Manager for Manufacturing and Trading Services, and also serves as the Managing Director for Waveside (Pty.) Limited, a wholly owned subsidiary of the Coca-Cola Company in South Africa. He has served successfully in varied roles of increasing responsibility, spanning finance, marketing and operations. He joined the company in Atlanta in 1993 and was appointed as the South Africa Division Accounting Manager in 1996.
