Connect with us

Logistics

Etihad Airways Wins 2016 Treasury of the Year Award

Published

on

etihad2.JPG

Etihad Airways has been honoured with the 2016Treasury of the Year award by Treasury Management International (TMI) for a string of achievements over the past 12 months. The annual TMI Corporate Recognition Awards, held in London, reflect achievements in treasury and finance policy, practice and innovation.

The Abu Dhabi-based airline’s treasury department was once again recognised for excellence in capital raising and to drive efficiency across the business.

Etihad Airways was commended for securing landmark funding agreements from the international financial community that raised over US$2.7 billion in the debt capital markets, as well as evolving its treasury systems infrastructure and streamlining processes to improve productivity.

In 2016, Etihad Airways drove the issuance of a second Etihad Airways Partners bond transaction of US$500m, together with a debut US$1.5 billion five-year Sukuk issuance, the largest ever non-sovereign Sukuk.

Etihad Airways also implemented leading edge treasury systems technology to drive greater efficiency, and radically reduced the number of suppliers for the bulk of its global transactional banking services to just two following a thorough evaluation of cash management capabilities.

The National Bank of Abu Dhabi (NBAD) was chosen as the airline’s Middle East strategic partner and Citi was named Etihad Airways’ international cash management bank affiliate in all other global markets.

James Hogan, Etihad aviation group president and chief executive officer, said: “As we continue to look at ways to enhance cost efficiencies, drive more benefits and improve global leverage for the business, our Group Chief Financial Officer James Rigney and his treasury team led by Ricky Thirion have developed a stronger framework of innovative transactions and processes for the business to remain more competitive.

“We have evolved from a small airline in 2003 to a world-leading aviation and tourism group today, meaning our treasury needs and challenges have grown significantly with scale and complexity.”

The treasury team has responsibilities that have extended beyond many group treasury functions. In addition to core treasury activities such as cash, liquidity and risk management, it is responsible for corporate funding and structured finance, insurance, tax, property and infrastructure, payment solutions functions and fraud prevention across the group and in support of the airline’s equity partner airlines.

Helen Saunders, Editor of Treasury Management International, said: “While many treasury functions can deliver a specific project alongside ‘business as usual’ activities, Etihad Airways has driven change and innovation on multiple fronts, despite having a small treasury team.

“These included sourcing unsecured debt for members of Etihad’s equity alliance partners. re-engineering its cash and banking structure across 71 countries to support the company’s ambitious growth plans; promoting centralisation and improving controls by establishing strategic banking partners and best in-class cash management structures, automating processes and improving account visibility.”

Voting for the award was by a TMI-led independent judging panel, based on articles and case studies of the airline’s treasury activities.

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

Logistics

NPA Deploys Anti-Pollution Drones

Published

on

Hadiza Bala Usman, the managing director of Nigerian Ports Authority (NPA) (3rd left), flanked by other guests at the drones’ unveiling, recently.

By peter oluka

Hadiza Bala Usman, the managing director of Nigerian Ports Authority (NPA), has commissioned modern pollution and environmental equipment including drones, jet skies and booms for surveillance, monitoring and containing oil spillages on the waterways.

Other equipment unveiled include blowers, pressure washers, skimmers, power pack absorbers and multiple dispersant sprays, according to a report by Ships and Ports.

Usman also pledged the NPA’s commitment and continued support in the area of capacity building towards greater efficiency and service delivery.

Speaking at the passing out ceremony of 125 Officers of Squad 49 of Fire Service Department of the Authority, Usman expressed excitement at the fact that 21 out of the Squad are women, stressing that it is an indication that women are beginning to see the value of breaking the barriers of limitation that the society has placed on them.

According to her, NPA was aware of the numerous challenges in today’s business environment and would ensure that it works towards realizing its mission statement of providing efficient port services in a safe, secure and customer-friendly environment.

She charged the new officers to join the pool of vast professionals in the organisation to deliver better service to the port industry.

Usman said the ancillary skills acquired by the officers like swimming and water rescue, articulated vehicle driving, road traffic crash rescue and first aid treatment were critical ingredients for professionalism, adding that NPA management would ensure “they impact meaningfully in the system”.

Usman also pledged commitment and support to the Fire Service Department at delivering plausible services in line with industry standards, stating that NPA pays premium to best practices.

She said, “Our objective is to modernize and transform operational services to enshrine efficient and quality services”.

Source: Ships and Ports

 

Continue Reading

Logistics

Explore Nigeria With These Top Four Tour Operators

Published

on

By Ogunfowoke Adeniyi

Nigeria is a beautiful country and one of the thrilling ways to explore this beauty is by going on group tours. Of course, you can visit these destinations on your own but to unearth the real excitement in travelling, it is advisable you go in a group.

Presently, there are quite a number of tour operators that organise tours to different Nigerian destinations. So, it is not difficult to get a tour operator to get away with. However, if you want the best, tour operators in the country, Jumia Travel, identifies some of them.

Social Prefect Tour

Chiamaka Ngozi Obuekwe is the Chief Executive Officer of Social Prefect Tours, a travel brand which organises group tours, school excursions, corporate retreats, holiday packages and also offer tour guide services in Nigeria. Social Prefect Tour is one of the popular tour operators in Nigeria.

Unravelling Nigeria

Unravelling Nigeria is a company that uses an online platform to create awareness on the tourism potentials of every state in Nigeria.

They are dedicated to finding every tourist attraction around the country and showcasing it to the world so that Nigeria can become a top tourism destination. It is owned by Lola Daniyan

TP Adventures

TVP Adventures makes travel easy and affordable. It is a one-stop shop for group tours within Nigeria and Africa. TVP Adventures specialises in cultural, historical and nature tours across Nigeria and Africa.

Tour2Nigeria

Tour2Nigeria offers a window to various cultural and tourism potentials available in all nooks and crannies of Nigeria. Tour2Nigeria promotes the country’s rich culture and offer information that is second-to-none to both local and international visitors.

Continue Reading

Logistics

Nigerian-Canadian, Lola Kassim Appointed New GM for Uber West Africa

Published

on

Lola Kassim as its new general manager for West Africa

By peter oluka

Uber, Monday, announced, the appointment of Lola Kassim, a Nigerian-Canadian, as its new general manager for West Africa.

Most recently, Lola worked as a Management Consultant with McKinsey and Company where she led teams providing strategic business advice and implementing organizational and operational improvements in the energy, public, and financial services sectors in West and Southern Africa.

A seasoned professional with over 10 years of global experience working at senior private sector and government levels in Africa and Canada, Lola will be responsible for driving Uber’s overall strategy for West Africa, which includes improving reliability and service levels for uberX and creating additional value adds for driver-partners.

“I am immensely pleased to be joining Uber at a pivotal point in the company’s growth and expansion curve. My vision for West Africa, in particular, is to ensure that we are aligned with Uber’s overall objective of creating sustainable, alternative modes of mobility. In addition to creating value for driver-partners and riders, I will also be focused on ensuring that we continue to engage with our key stakeholders and relevant partners with a view to continued positive impact across West Africa.”

Speaking on Lola’s appointment, Alon Lits, general manager Sub-Saharan Africa, Uber said: “As a company that is deeply committed to diversity and inclusiveness, we are excited to have Lola join the team of other incredible women at Uber – who are pushing the envelope towards achieving the global vision of creating value for riders and driver-partners alike. In West Africa, Lola will be supported by a highly skilled and enthusiastic team covering Operations, Marketing, Communications, Legal and Policy. As we often say at Uber, we are #superpumped.”

Prior to joining Uber, Lola spent 3.5 years as a Management Consultant at McKinsey and Company. She also worked as a Governance Advisor with the Liberian Presidency through the

Africa Governance Initiative, supporting a unit driving delivery of Presidential infrastructure priorities. She began her career with the Canadian government where she served as Policy Advisor to senior officials and managed units developing policy, strategy, and business cases regarding socio-economic development programming for Canada’s Aboriginal communities and foreign policy.

A Nigerian-Canadian, Lola holds a Bachelor’s degree from Harvard University and an MSc from the London School of Economics where she was a Chevening Scholar.

Continue Reading

Trending

Copyright © 2017 Communication Week Media Limited.