By Adedapo Adesanya
Multigate, a licensed financial services platform that provides access to a safe and secure treasury and liquidity management system, has announced its qualification as a SWIFT Lite2 for Business Application Provider and plans to connect corporates to over 8,000 financial institutions both regionally and globally.
Business Post understands that this SWIFT qualification validates Multigate’s business application and provides connectivity for its intended customers by leveraging the SWIFT network.
As a qualified SWIFT Lite 2 Business Application Provider, Multigate seeks to address the treasury/cash management needs of African corporates both regionally and globally.
It also said it is focused on enabling seamless processes for consolidating accounts for local or international payouts from any bank. The SWIFT license will also extend Multigate’s capacity to offer standardised, safe, and secure services to its clients and partners with an overall objective of increasing revenue by efficiently maximising cash flows.
According to Mr Eghosa Nehikhare, Co-Founder and CEO of Multigate, the company’s major goal is to advance the African economy by enabling seamless and instant transactions for customers and by simplifying the complexities of managing multiple banking portals onto a single platform.
“By leveraging the SWIFT network as a qualified connectivity provider, we provide a secure treasury and liquidity management experience through our innovative digital platform governed by the highest regulatory standards.
“This also solidifies our adherence to global information security and market best practices and our compliance with global ISO messaging for our clients. We are optimistic about the value we can offer to large corporates through SWIFT to expand to more international markets in the long term,” he added.
According to Mr Mickael Thomas, Head of Corporates, Middle East, Turkey, and Africa at SWIFT, “Having Multigate qualified as the first L2BA provider in Africa is key for the adoption of SWIFT connectivity by the corporates within Africa. It also allows the Corporates to benefit from the Added Value of SWIFT fully.”
Founded in 2017, Multigate’s services are powered by fully automated and customisable solutions that help improve business efficiency, increase revenue, and deliver value to partners. To qualify as a SWIFT Lite2 for Business Applications provider, the company successfully met all legal, financial, operational, and Business requirements by SWIFT.
Rite Foods Urges Consumers to ‘Embrace The Thrill’ of Fearless Energy Drink
By Dipo Olowookere
Rite Foods Limited, the makers of the premium award-winning Fearless energy drink, has unveiled a new mantra for the brand, Embrace the Thrill.
In its new television commercial, the company expressed its determination to continue revitalising consumers with its Classic and Red Berry flavours.
In the TVC, the brand motivated its consumers to go beyond their limits and not be laid back by the number of rejections they have received in time past. The new pay-off also encouraged them to be daring and energetic, to exhibit the willpower to excel, be enthusiastic in their endeavours, and be vigorous.
Commenting on the new development, the Assistant Brand Manager for Fearless Energy Drink, Ms Kanyinsola Sangowawa, said the brand is reassuring, through the new tagline, Embrace the Thrill, that it would continue to rejuvenate consumers to become braver and more adventurous, to activate their dreams to attain success.
She noted that the leading energy drink would continue to dominate other brands in its category as exemplified through its inventiveness and the distinctiveness that goes with it, stating the new slogan offers all its consumers the unquenchable desire to make a difference in their endeavours, with its positive energy.
As an award-winning brand, Fearless energy drink, produced in a world-class factory with state-of-the-art infrastructure and up-to-date technology, has embarked on lots of sponsorship initiatives that demonstrate its leading position in the industry, especially in the area of sports.
It has thrown its total weight behind FanFaro Auto-Fest, and The Fearless edition 2022, among others, reinforcing its market leadership in the food and beverage sector, thus helping in sports development and community/nation-building.
In entertainment, the Fearless energy drink, introduced into the Nigerian market in June 2017, among other initiatives, powered Felabration 2021 with a posthumous award presented to the late Afrobeat King, Fela Anikulapo-Kuti, for his legendary role in the music industry.
Similarly, the Max Live Musical Concert was sponsored by Max FM 102.3, with the theme Music Experience and the slogan Party of all Parties, for young talented artists who, after wonderful performances, eulogised the quality brand for advancing their course of becoming superstars in the future.
These and other initiatives were responsible for the laurel earned at the Brandcom 2021 awards as the Most Outstanding Energy Drink Brand of the Year, thus placing it ahead of others in its category.
It was adjudged as the leading brand because of its inventiveness and numerous contributions to the industry, talent promotion, ideapreneurship, and societal development.
Mouka Donates Mattresses to GNOSIS for Domestic Violence Victims
By Modupe Gbadeyanka
To bring succour to victims of domestic violence and abuse, Nigeria’s preferred brand of mattresses, pillows and other sleep products, Mouka, has partnered with a non-governmental organisation (NGO), GNOSIS Help Initiative.
The company donated some mattresses to the NGO at its head office in Lagos on Wednesday to help improve the living condition of the displaced persons sheltered by the organisation, in line with its mission of adding comfort to life.
According to Mouka’s Chief Commercial Officer, Mr Dimeji Osingunwa, the company truly cares about the wellbeing of its consumers and will continue to support worthy programs such as the GNOSIS Help Initiative that seek to alleviate the sufferings of Nigerians. He also called on other corporate organisations to lend a helping hand in making the lives of the victims easier in their journey of healing.
In his response, Barrister Olumide Kayode-Omosebi, Founder of GNOSIS Help Initiative (GHI), said, “When I reached out to Mouka, I did not expect they would respond with such a grand gesture.
“I am thankful as this would go a long way in making the victims feel comfortable in the places of shelter we provide.”
He said with the donation, Mouka has truly demonstrated it is interested in the comfort of all Nigerians, even victims of abuse.
According to him, domestic violence and abuse cases are increasing. In the past year alone, GNOSIS Help Initiative has handled hundreds of abuse cases involving women, children and even men.
“We also engage secondary and tertiary institutions in the country to enlighten the students on how to identify abuse and seek help to break this vicious cycle as most times, the abuser was once a victim or witnessed a loved one being abused,” Mr Kayode-Omosebi stated.
The founder and his co-founder, who is also his wife, shared numerous heartbreaking stories of abuse by spouses and parents that have, in many cases, resulted in grave physical injuries and, many times, death.
Mouka’s National Customer Service Manager, Mr Femi Yussuf, also expressed his gratitude to GNOSIS Help Initiative for this opportunity to give back to society.
According to him, Mouka has given away thousands of mattresses in the past two years to worthy causes, including the first babies born in the year, COVID Isolation centres, internally displaced person’s camps, flood victims, and orphanage homes as part of its CSR programs.
Mouka is a member of Dolidol International Group, Africa’s leading brand of sleep products, with headquarters in Morocco.
The company has a wide range of products specially designed to meet the various needs of consumers based on their age, body build, lifestyle and budget to provide quality sleep to enable them to wake up refreshed and ready to take on the day.
Rite Foods Attributes Success of Products to Investment in Research, Technology
By Dipo Olowookere
The Managing Director of Rite Foods Limited, Mr Seleem Adegunwa, has disclosed that products of the company have continued to maintain market leadership because of the decision of the management to invest heavily in an ultra-modern factory with up-to-the-minute technology, with artificial intelligence and research in line with global best practices.
According to him, this is because of the company’s quest to come up with sustainable and innovative products that will satisfy its consumers.
Rite Foods boasts a diverse range of unique products that cater to the needs of consumers across Nigeria and the continent.
The firm, which is recognised in the Africa 150 Report as one of the continent’s innovative brands with unrivalled flavours, has on the shelf 13 Bigi variants of carbonated soft drink, the Bigi Table Water, the Fearless energy drink consisting of the Fearless Classic and Fearless Red Berry, the five variants of Sosa Fruit Drink as well as the Rite and Bigi Sausages.
“Research is critical to us, and we value that a lot. Our products are leaders in flavour innovation. On the Cola brand, there is a clear edge over the competition, and we lead on flavours like in the Apple and Tropical segments.
“Our brands are enhanced by having many products under them, which is why they look bolder and bigger on the shelf among competitors,” Adegunwa stated.
On the Sosa Fruit Drink, the new entrant into its market segment, the Rite Foods boss stated that the brand is a symbol of quality and a new way the company has attained excellent reviews.
“I think one of the things we are known for and the important thing that we must build on is that symbol of quality. Looking to the future, we are ready to ensure that anything concerning our logo is of a very high standard, and we are strongly committed to that cause to produce world-class products,” he said.
On the premium Fearless energy drink that has topped the list in the Nigerian market, Mr Adegunwa averred that, “Fearless is currently the market leader in the energy drinks segment in Nigeria, and to ensure that we stay on top and prevent competition, we intend to introduce new flavours, and for us, it is constantly about ingenuity and adding new brands to expand our business.”
The company, which began operation with the slogans Truly World-Class and Proudly- Nigerian, describes the quality of what it tries to achieve by competing favourably at the global level, with a DNA and heritage that are completely Nigerian. As a pacesetter, it intends to expand across Africa, hence its new slogan Proudly-African.
“This has been intentional not just to limit us to Nigeria, especially as the product is already expanding across the borders,” Mr Adegunwa explained.
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