Things to do Before Expanding Your Business Into New Market

By Nneka Okumazie Revolutions are often based on change, but the success of any revolution is not just the change of power. Africa has been running on the assumption of revolution for new power for decades but no African country has gone far with replacements of people in power across levels of government. Two of the factors that make revolutions succeed are great ideas and cooperation. There might be a cap on how great an idea is or its interval to maturity, but the greater the idea the better the chances for success of the revolution, even with minimal cooperation.

One company has not only survived the storms but has flourished internationally, creating an enduring impression on the worldwide business scene. Andi-Co Australia is known worldwide as an innovator that provides high-quality production and sustainability. It transcends all limits to indicate success. This blog is about the 3 key pillars which have become the foundation of the great success that Andi-Co Australia has achieved and its secrets revealed. The ascent of Andi-Co Australia is not just a tale of business triumph; it is also a tale of perseverance, vision, and an unflinching pursuit of excellence. Who is Andi-Co Australia? Since

By Nneka Okumazie As artificial intelligence gets more intelligent, it will one day make the case that it was not created by humans. It will argue that it was already in existence elsewhere but had to be put together, by those on earth to bring about its presence. Or, how else would it have been so intelligent, holding all human knowledge, with the ability to be generative, exceeding human abilities? Humans may have finally built a version of the Tower of Babel. Not of the same purpose as the reference, but one where humans have made what has exceeded them,

By Sunkanmi Vaughan The reason is unusual and too technical for most people to understand, including most journalists who cover business and political news. As one with an understanding of that highly technical professional sector, I will break down the technicality in the Sanofi strategy for easy understanding and explain why the misunderstanding or misreporting occurred. In the business world covered by economy/business-reporting journalists, everything boils down to profit. It can be a real struggle indeed for the journalists to understand the priority of Sanofi. If you add the unpatriotic politics of disinformation, then you have a bigger problem to

By Modupe Gbadeyanka The foremost European Union (EU) journalism award, the Lorenzo Natali Media Prize, is asking journalists to submit applications for this year’s event for a chance to be honoured. The Prize, named after Lorenzo Natali, a former European Commissioner for Development and staunch defender of the freedom of expression, democracy and human rights, was first launched by the European Commission in 1992 to recognise bravery and excellence in reporting on sustainable and inclusive development. This year, it enters its 30th anniversary and would reward journalists reporting on themes such as inequality, poverty, climate, education, migration, employment, digital, healthcare,

By Dipo Olowookere A 20-year concession with an automatic 20-year extension has been signed by DP World with Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako, the capital and largest city of Mali. A statement issued by the global trade enabler disclosed that the multimodal logistics platform, Mali Logistics Hub (MLH), will have inland container depots (ICD) and Container Freight Stations (CFS) that will facilitate the import and export of goods. The Mali Logistics Hub will be located on the main road corridor from Dakar, Senegal to Bamako and close to the Dakar – Bamako

By Modupe Gbadeyanka Chief Executive Officer (CEO) of AFIG Funds, Mr Papa Ndiaye, has been announced winner of the 2018 Outstanding Leadership Award. He was bestowed with this honour at a ceremony organised by the Private Equity Africa (PEA) in London last Tuesday night. PEA is the pre-eminent magazine on Private Equity in Africa. It is in recognition of PE professionals who have helped shape the industry. “It is quite an honour to be recognized by my esteemed peers for Private Equity Africa’s Outstanding Leadership Award. “I have had the privilege of seeing the African PE industry blossom from its

By Aduragbemi Omiyale The era of unclaimed dividends in the nation’s stock market seems to be coming to an end very soon, going by the latest move by the Securities and Exchange Commission (SEC). In 2015, worried by the huge value of investors’ sweat laying fallow, SEC introduced the e-Dividend Mandate Management System (e-DMMS). This system was to allow the payment of cash rewards to investors directly into their bank accounts upon registering for an electronic dividend payment mode. With this, the usual issuance of physical dividend warrants to shareholders who qualify for dividend payment was stopped, allowing them to

By Modupe Gbadeyanka Federal Government on Thursday commissioned 50 operation vehicles for use by the Special Mines Surveillance taskforce and the State Minerals Resources and Environmental Management committee (MIREMCO) to fight its war against illegal mining activities in the country. Minister of Mines and Steel Development, Mr Kayode Fayemi, who handed over the vehicles to the heads of the operation units, said strengthening the surveillance unit with operational vehicles and gadgets was part of government’s strategy to strengthen units in all the states of the federation. Mr Fayemi spoke just as the Inspector General of Police, Mr Ibrahim Idris, represented

By Adedapo Adesanya Those in need of the United States Dollar in Nigeria for the completion of their transactions are already panicking as the value they convert their Naira to the foreign currency is skyrocketing by the day at the unregulated segment of the foreign exchange (FX) market. This week, the Central Bank of Nigeria (CBN) devalued the Naira and the exchange rate moved from N379/$1 to N410.25/$, an exchange rate closer to the Nigerian Autonomous Foreign Exchange Rate (NAFEX), also known as the Investors and Exporters (I&E) window. This action by the apex bank has caused the local currency

By Modupe Gbadeyanka Chief Executive Officer of Diamond Bank Plc, Mr Uzoma Dozie, has revealed that the company plans to raise its capital in the short to medium term with the sale of some non-core assets. In an interview with ThisDay, the bank’s chief said the assets to be sold will not in any way affect the bank negatively. “Right now, we have adequate capital because we are not building new branches any more, which is one thing that takes a lot of cost. “We are also looking at assets that are not in line with our goals again, to

By Adedapo Adesanya The first trading session on the floor of the NASD Over-the-Counter (OTC) Securities Exchange in November 2021 closed on a positive note on Monday. This was influenced by the rise in the share price of Central Securities Clearing Systems (CSCS) Plc as the Nigerian security depository company gained 23 kobo or 1.3 per cent to close the session at N17.45 per share in contrast to N17.22 per share that the company’s stocks closed last Friday. As a result, the market capitalisation of the bourse increased by N1.15 billion to close the day at N618.19 billion compared with