World
Rimini Street Expands Investment, Operations in Asia-Pacific
By Dipo Olowookere
Global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, Rimini Street, has announced expanding its operations in the Asia-Pacific region with the launch of its new subsidiary, Rimini Street New Zealand Limited, and the opening of its new office in Auckland to address the growing demand for Rimini Street’s premium, ultra-responsive support services in New Zealand.
Rimini Street’s expansion was announced at a gala event held at The Northern Club in Auckland, where clients, local IT leaders and the special guest of honour, Ambassador Scott P. Brown, the U.S. Ambassador to New Zealand, were hosted by Rimini Street’s general manager for Asia-Pacific, Andrew Powell, and Rimini Street corporate senior executives.
Rimini Street launched its new subsidiary in response to the region’s increasing desire for software support solutions that can help optimize their IT spend and enable them to liberate significant funding for their business transformation initiatives. Rimini Street already supports nearly 50 clients with operations in New Zealand, including local brands James Pascoe, Spark, 2Degrees Mobile, Refining New Zealand and The University of Auckland.
By switching to Rimini Street support from the vendor’s support, these organizations have saved up to 90 percent of the total cost of maintenance of their SAP and Oracle software assets, and are able to run their current ERP releases with no forced upgrades for a minimum of 15 years from the date they switched support. Rimini Street clients also benefit from the Company’s flexible, premium-level enterprise software support model, including its industry-leading Service Level Agreement (SLA) of 15-minute response times for critical Priority 1 cases. In addition, each client is assigned a Primary Support Engineer (PSE) with an average of 15 years’ experience in their particular enterprise software system, backed by a broader team of technical experts. By switching their support to Rimini Street, organizations are able to take back control of their IT roadmaps with a ”business-driven roadmap” strategy that provides much more flexibility and value compared to the vendor roadmap, allowing CIOs to focus on creating value and providing competitive advantage for growth.
“Organizations in New Zealand, both public and private, spend hundreds of millions of dollars every year on their annual enterprise software support and maintenance, yet see little return from this significant spend,” said Andrew Powell, general manager, Asia-Pacific, Rimini Street. “Our conversations with CIOs are squarely focused on how we can help them dramatically lower the total cost of ownership of their stable, mature enterprise systems as part of a hybrid computing model and business-driven roadmap, and as a result, we are experiencing increased demand in the region. With Rimini Street, organizations have the option to break free from the seemingly never-ending upgrade cycle dictated by the vendor’s roadmap – an expensive and disruptive path for companies to undertake just to stay fully supported. With our new operation in Auckland, we are better able to engage with and support organizations in New Zealand who want to significantly cut their software support spend and take back control of their IT roadmaps.”
Recent research from Vanson Bourne, commissioned by Rimini Street, found that enterprises in the ANZ region plan to spend the second-least amount on IT innovation in the world in the next 12 months, and they plan to increase their IT innovation spend by just 6.31% in the 12 months following the survey, well below the global average of 10.94%.
“New Zealand is famous for innovation, but it is at risk of falling behind the rest of the world,” continued Powell. “New Zealand CIOs know that it’s important to spend their IT budgets on more than daily operations. With budget pressures between operating costs and the need to invest in innovation, CIOs need to reassess the value of existing support arrangements and explore better software support options designed to provide a greater ROI. Rimini Street enables CIOs in New Zealand to unlock significant savings and redirect that funding into critical innovation initiatives.”
World
Outcome of Russia-Congo Strategic Talks
By Kestér Kenn Klomegâh
Congolese President Denis Sassou Nguesso tightly embraced and shook hands with President Vladimir Putin, signalling the highest level of cordial friendship, and later settled down for official talks focusing on strengthening the multifaceted Russian-Congolese comprehensive strategic economic partnership, including in the context of the upcoming high-level third Russia-Africa Summit scheduled for October 2026.
In St George’s Hall of the Grand Kremlin Palace, Putin told his Congolese counterpart, Denis Nguesso, and the delegation that there were “good prospects for developing relations in a variety of areas” and reminded them that the full-fledged relations between Russia and the Congo have been making strides. Russian companies are ready and eager to work in the country’s market, primarily because the political situation has been stable, which is good for business. The Intergovernmental commissions are operational.
Denis Nguesso’s official visit, from April 28 to 29, has immense significance for the Kremlin. Moscow is stepping up to tackle important corporate investments ranging from an industrial and technological standpoints, which open pathways for knowledge transfer, human capital development, and Congo’s integration into defence innovation value chains. At the geo-strategic level, Moscow is seemingly positioning itself as a regional security hub and as an incredible partner, particularly in Congo, while strengthening a broader strategic influence in the central African region.
On the agenda, Russia will begin design work this year for the construction of an oil product pipeline in Congo, under an agreement signed in 2024. The Pointe-Noire – Loutete – Moluko-Tresho oil product pipeline that Russia plans to build in the African country under an intergovernmental agreement is supposed to go into operation by the end of 2029.
It was reported earlier that Russia is hoping to create a channel for shipping oil products that is protected from sanctions by building this pipeline in the Congo, as well as becoming a strategic partner in ensuring the energy security of the whole region. The agreement on the project, which was signed in Moscow on September 28, 2024, provides for the creation of favourable conditions to carry out the pipeline’s construction.
Under the agreement, the authorised organisations responsible for the implementation of the project are Zakneftegazstroy-Prometei LLC and the National Petroleum Company of Congo (SNPC), which is the client of the project. They will form a joint venture to carry out the project in which the Russian side will own a 90% stake and the Congolese side will hold 10%.
A build-own-operate-transfer concession agreement will be signed with the joint venture to build and operate the pipeline for 25 years, with a guaranteed price for transport that will ensure the utilisation of the pipeline and a return on investment in the project. The Russian Ambassador to Congo, Georgy Chepik, said earlier that the pipeline will run between the country’s two largest cities, Pointe-Noire and the capital Brazzaville.
In particular, the two sides discussed the prospects of implementing joint projects and forging mutual cooperation prospects in a wide range of areas, including geological prospecting, energy, logistics, agriculture, trade, and manufacturing. The sides also “noted readiness to gradually increase their transport cooperation. The Republic of Congo is seen as a key logistics hub in Central Africa and a crucial participant in a promising international transport route between Russia and the African continent,” the statement said.
Nearly 80% of the population still lives in abject poverty, even though the country boasts huge resources. Congo is the fourth-largest oil producer in the Gulf of Guinea, providing the country with a high degree of potential prosperity, despite its internal ethnic conflicts and economic disparity. It has a large untapped mineral wealth and large untapped metal, gold, iron, and phosphate deposits. In 2018, the Republic of the Congo joined the Organisation of Petroleum Exporting Countries (OPEC).
Historical records show that Denis Nguesso, several times as a civil servant during the Soviet era, and as president, visited Russia, including participation in the two Russia-Africa Summits held in Sochi and St. Petersburg, and consequently was gifted with a collage of photographs and Pravda newspaper clips documenting these visits. President Putin has also awarded him with the Order of Honour, while Moscow State University of International Relations (MGIMO) gifted him with a Doctorate Degree. The document, published on the Kremlin website, for instance, says Nguesso has been honoured with the award “for his major contribution to boosting and strengthening relations between the Russian Federation and the Republic of the Congo.”
Congolese Denis Nguesso, who has shuttled frequently between his city and Moscow, underlined the fact that bilateral relations have been developing for many decades. These are ties of solidarity and cooperation that bind the two parties in all areas, including security, defence, and the economy. He emphasised the point that the time has arrived to act more concretely, to accelerate the implementation of the jointly elaborated programme. Both parties will have the opportunity to sign more bilateral agreements in Brazzaville in September 2026, before the new Russia-Africa summit, to be held in Moscow.
The third Summit is expected to solidly reaffirm the development of relations between African states and the Russian Federation. For decades, Russia has supported Africa’s ideals for freedom, independence and sovereignty. Next, Russia-Africa cooperation has a big future. Africa is rich in resources. And Russia contributes to efforts to ease the debt burden that African countries are facing. The total debt Russia has cancelled, previously and so far, stands at $23 billion, according to reports.
In addition, Russia and African states have coordinated efforts for building a new, fairer global architecture, and further working together to protect international law, the UN Charter and the central role of that global organisation, while at the same time, trying to coordinate their positions on the main issues on the international agenda. African regional structures have substantially enhanced these geopolitical profiles, and within the general objectives of the African Union.
World
Germany Acquires Equity Stake in ATIDI to Strengthen Economic Partnership With Africa
By Aduragbemi Omiyale
About $32 million has been put into the African Trade and Investment Development Insurance (ATIDI) by Germany through KfW Development Bank.
This funding package allows the European nation to become a D2-class shareholder of ATIDI, a status dedicated to Export Credit Agencies and Non-African Public Entities.
Of this amount, $18.4 million is funded from BMZ budget resources, with the remaining $13.6 million coming from KfW’s own resources. As such, it will assume the obligations and benefits related to its new shareholding status, including representation in ATIDI Governance and decision-making structures, and equally participating towards improving German trade and investments in Africa in alignment with the G20 Compact with Africa (CwA 2.0).
KfW’s subscription in ATIDI is the culmination of a dynamic partnership between the two organisations.
On behalf of the German Federal Ministry of Economic Cooperation and Development (BMZ), KfW has supported several countries’ membership in ATIDI with over $100 million in financing, thus strengthening the organisation’s capital base and expanding its ability to mitigate risk and mobilise private investment across African markets.
The new equity participation adds a direct shareholding to this long‑standing cooperation.
KfW is the 13th Institutional shareholder in Africa’s premier development insurer, further strengthening the organisation’s capital base and its capacity to support trade and investment across the continent.
At the official signing of the subscription agreement in Nairobi, Kenya, a member of the executive board of KfW, Ms Christiane Laibach, said, “Our membership is executed on behalf of the Federal Republic of Germany. It is only the latest culmination of a successful cooperation that has enabled the ATIDI membership of several African states and has created innovative insurance solutions to attract foreign investment on the continent.”
The chief executive of ATIDI, Mr Manuel Moses, said, “This milestone is iconic in many ways. First, it elevates our already dynamic bond with KfW and creates more opportunities for German investors looking to engage in Africa. It is also a recognition of ATIDI’s earned status as Africa’s top development insurer and the acknowledgement of the soundness of our business. Last, it underscores the power of partnerships in a global context increasingly marked by volatility and uncertainty. ATIDI will spare no effort to make this partnership a successful one.”
Established in 1948, KfW is Germany’s state-owned promotional and development bank and a key implementing partner of BMZ in international financial cooperation. Its shareholding in ATIDI is expected to stimulate up to $500 million in trade and investment between German companies and African markets.
Over the past 25 years, ATIDI has grown to become Africa’s premier provider of development insurance and one of its highest-rated financial organisations. It leverages its partnerships with leading multilaterals and regional bodies, including the African Union, the World Bank Group, COMESA, the European Investment Bank (EIB), and the Norwegian Agency for Development Cooperation (NORAD), to offer innovative credit and investment insurance products that foster sustainable and transformational growth across the continent.
World
Essent Slashes Contact Centre Technology Costs by 50%
By Modupe Gbadeyanka
The Netherlands’ largest energy provider, Essent, has cut the technology costs of its contact centre infrastructure by half.
The organisation, which serves 2.5 million customers, recorded zero critical incidents post-migration and improved agent workplace satisfaction by 36 per cent.
The migration was delivered in partnership with AI-first customer experience transformation specialists, Sabio Group, and was completed in under 12 weeks for an operation spanning over 1,000 agents across two locations.
Agents were forced to juggle multiple disconnected screens simultaneously — a workflow that was as inefficient as it was stressful.
“Our agents were constantly working with different screens — multiple chat instances open at once, multiple agent desktop instances. It was messy, and in some cases, quite stressful,” SAFe Product Manager for Customer Interaction, Omnichannel and Digital Transformation at Essent, Michiel Kouijzer, stated.
“A lot of colleagues were saying I was mad for even suggesting this approach. It kind of feels like a victory on a personal level that it did work out. You just have to be a little ambitious — and have the right expert partner who can make it work,” Kouijzer added.
With stable cloud infrastructure now firmly in place, Essent is turning its attention to the capabilities that were impossible in its legacy environment: AI-powered call summarisation, agentic customer self-service, and next-generation workforce optimisation.
Rather than a reckless ‘big bang’ cutover that could have affected service to millions of households, Sabio engineered a phased migration strategy — beginning with Essent’s SME segment to validate technical readiness before scaling to the full enterprise operation.
“This project showcases Sabio’s unique position in the contact centre technology landscape. We’re not just moving Essent to the cloud — we’re establishing a foundation for continuous improvement in their customer experience delivery,” the Country Manager for Sabio Group Benelux, Wouter Bakker, commented.
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