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Standard Chartered Signs Sponsorship Deal with Liverpool



Standard Chartered Bank has signed a 4 – year sponsorship deal with Liverpool FC to become the club’s main sponsor.
The agreement will see the bank’s name and logo appear on the Liverpool shirt from July 2010 till the end of the 2013-2014 season.
As the official club sponsor, Standard Chartered will enjoy a major rights package which will provide the platform to significantly step up the bank’s brand awareness across its core markets in Asia, Africa and the Middle East.
Peter Sands, group chief executive of Standard Chartered Plc, said “This is a great partnership. We are excited to be working with such a famous global brand as Liverpool Football Club for the next four years. This is an outstanding opportunity for Standard Chartered, our customers and shareholders, and for Liverpool, its players and fans"
“We see many opportunities to continue growing our business, particularly as Asia, Africa and the Middle East are emerging from the global downturn more quickly than the West. This sponsorship will drive a step change in brand recognition in our key markets and will provide an additional catalyst for our business growth.”
Liverpool FC is the most successful club in English football, enjoying a global following most recently evidenced in its highly successful pre-season tour of Singapore and Thailand.
The bank has more than doubled its revenue and profits over the last five years and has performed consistently well, delivering record results throughout the recent financial crisis.
Christian Purslow, managing director, Liverpool Football Club, commented that “This partnership brings together two highly successful organisations with a really strong cultural and strategic fit. The sponsorship opportunity attracted a huge level of interest from a wide array of globally recognised brands and in Standard Chartered we believe we have the ideal partner to move forward and help develop our global ambitions for the club. It is a real sign of the progress we have made at Liverpool that we have been able to secure the largest ever commercial deal in our history.”


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AfDB, OpenOil Launch Report on How African Governments Manage Extractive Resources.



African Development Bank (AfDB) and OpenOil, a Berlin-based financial analysis firm, have jointly produced a report on how African governments use financial models to manage oil & gas and mining projects.


The report was launched at the 13th Annual General Meeting of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) in Geneva, Switzerland.


Over 150 experts and representatives of international development institutions, governments, civil society and extractives companies attended the launch.


These included the World Bank, United Nations Environment Programme (UNEP), United Nations Development Programme (UNDP), United Nations Conference on Trade and Development (UNCTAD), Organisation for Economic Co-operation and Development (OECD).


Mining companies and miners’ associations such as Newmont Mining Corporation, AngloGold Ashanti, Anglo American and International Council on Mining and Metals (ICMM) also attended.


The joint report was presented by Pietro Toigo of the AfDB’s African Natural Resources Center and Olumide Abimbola from OpenOil.


“This report is the first of its kind in Africa and we hope that it will stir debate within the continent’s mining sector and contribute to countries getting more out of their mining projects,” they told the participants.


The report, Running the Numbers: How African Governments Model Extractive Projects, analyses the capacity of 19 African resource-rich countries to use financial models, which simulate a simplified version of a real-world project in order to determine their financial benefits to the countries.


AfDB and OpenOil conducted a survey of nearly 50 government officials to illustrate not only how widespread use of financial models is, but also how their results are utilised to inform policy.


“Financial models are essential throughout the life-cycle of extractive projects,” said Johnny West, Director of OpenOil.


“They are not just important during the development of the fiscal regime, but also for the negotiation of fiscal terms with companies, for revenue forecasting, and for auditing and tax-gap analysis.”


“This report not only stresses the need for African Governments to make efforts to close the information gap with extractive companies, but also shows where there are capacity gaps and how those gaps could be addressed,” Traore said, urging development partners to invest more in capacity building.


Also, there is a substantial gap in access to data that are key inputs for financial models in African countries, with the largest gaps in assessing information on capital costs and operating costs of projects.


In addition to the need to build in-house financial modelling capacity, the report suggests that governments need to improve internal business processes and address the large gap that the report shows exist between information available to different agencies, departments and ministries.


“This study forms a crucial part of the Center’s support to African countries in realising the full potential of their natural resources”, Traore said.


“How are countries supposed to enter into negotiations with extraction companies that use financial models  if the governments of such countries are not in possession of the latest and best models to calculate what a potential project is worth?” Toigo asked.


The report also encourages development partners to make capacity building in financial modeling a more significant part of their support to the management of extractive resources.


Partners doing so already were encouraged to not just supply financial models as part of isolated technical assistance, but to also invest in equipping government officials with skills to create and use models.






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Cloud Energy Launches Multi-Function Solar Home System



Engr. Theophilus Nweke, managing director, Cloud Energy middle with team

Cloud Energy, Nigeria’s outstanding energy solutions provider 2016, has launched a Multi-Function Solar Home System, Nigeria’s first with a 30 Watts solar panel.


The Multi-Function Solar Home System is designed with a 9AH battery to provide dependable basic electricity solutions to the poor and under-served in the society.


Launching the Solar Home System at a Resellers’ Forum at the weekend, Engr. Theophilus Nweke, managing director, Cloud Energy, revealed that the Multi-Function Solar Home System would provide LED Home lighting, charge phones, power fan, radio and MP3 player, and other basic electricity functions with an advanced battery protection and maintenance system. The Solar Home System comes with an optional fan.


Addressing participants from across Nigeria at the Resellers’ Forum, Nweke announced that Cloud Energy in partnership with Power Africa would launch in the first quarter of 2018, higher specifications of the Multi-Function Solar Home System to provide electricity for more levels of the underserved population.


He assured that the new systems, currently being domesticated in the Cloud Energy Research and Development, would have the capacity to power basic equipment including television and laptops.


Nigerians, the Cloud Energy MD said, would have the choice of comparably more durable Multi-Function Solar Home Systems on a pay as you go or rent to own scheme.


The introduction of the Multi-Function Solar Home Systems are in fulfilment of the Cloud Energy management’s determination to create affordable access to solar energy for all segments of the Nigerian society.


In his contribution at the event, Mr. Isaac Whiskey, general manager, Cloud Energy,  urged the Resellers to rise to the challenge presented by the deep and rich bouquet offered by Cloud Energy.


The task ahead, he said would be to devise marketing schemes that reach all segments of the society at the same time. As Resellers in Solar Energy “we must be prepared to provide solutions for the weak and poor while catering for the pampered and rich class”.


Mr. Whiskey assured the Resellers that the partnership with Cloud Energy would help them to achieve their corporate objectives – provide sales support and LPO financing, grow the capacities of their staff, shared logistics – generally lean on the muscles of Cloud Energy to improve profitability. He informed Resellers that the Cloud Energy outlet at Ichida Mall, Alaba market, Lagos is designed to offer experiences on solar technology to all while affirming that Cloud Energy would always provide the original quality products and sterling after sales support that guarantee end-user satisfaction.


Responding on behalf of other participants, Augustine Ibe from Abuja expressed his gratitude that Cloud Energy is committed to growing the solar market via the empowerment of Resellers.


He said that he was impressed by the technical depth of the forum while noting that the experience and interactions at the Resellers’ Forum would help their performance in the market.





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NNPC to Stimulate Economic Growth through Aggressive Gas Development- Baru



l-r: Dr. Maikanti Baru, NNPC GMD, and Dr. Jackson Gaius-Obaseki, former NNPC GMD, at the Gas Roundtable Meeting in Lagos.

Dr Maikanti Kacalla Baru, group managing director, Nigerian National Petroleum Corporation (NNPC), has stated that the federal government has mandated the Corporation to pursue an aggressive gas development programme to stimulate economic growth in the Country.


Dr. Baru made this disclosure in Lagos during a Gas Roundtable meeting for Chief Executives and Directors levels of the oil and gas companies organized by the Nigerian Gas Association (NGA) where he was named the Pioneer Advisory Board Chairman of the NGA.


The GMD said the mandate was to ensure that gas Infrastructure development is enhanced for gas supply, stressing that this was a critical focus areas in the Federal Government’s 2016-2019 “Big Wins” for the Oil and Gas Industry as well as in the NNPC’s 12 Key Business Focus Areas to grow the industry.


“With the vast Oil and Gas experience entrenched in this Advisory Board and with the passion, I, as the Pioneer Chairman of the NGA Advisory Board have for gas development, I hereby re-dedicate myself to the aggressive development of the Nigerian Gas Sector and commit myself and all members of the NGA Advisory Board to do everything possible to achieve the objectives of the Board which align perfectly with NNPC’s key business focus area,” Dr. Baru affirmed.


He noted that opportunities at the Upstream gas development included the acquisition and operatorship of oil blocks, drilling rig leasing, provision of engineering services, heavy equipment leasing, seismic acquisition and processing, Engineering, Procurement, and Construction (EPC) contracting, Fabrication of pressure vessel, running steel mills and provision of banking/financing services, etc.


Speaking on opportunities in the midstream of the gas value chain, Dr. Baru listed the following as areas that should interest investors: Investment in gas processing facilities, mini Liquefied Natural Gas (LNG), floating LNG, Gas storage facilities, EPC of over 2000km gas pipelines, EPC of gas processing facilities, EPC of gas metering and monitoring system and Fabrication of pipes.


According to him, downstream value chain offered opportunities for investment in LPG bottling and marketing, Investment in gas based industries (Fertilizer, Methanol, Petrochemicals, CNG stations and conversion workshop), EPC of fertilizer and petrochemical plants, manufacturing of LPG cylinders/accessories.


The NNPC GMD added that the Nigerian Gas sector remained the largest and most vibrant in Sub-Saharan Africa with lots of potentials, especially in the deep water and untapped gas resources.


He averred that the gas reform was anchored on a robust strategic framework that is focused on maximum economic impact through gas, saying that it aims to drive linkages with agriculture, manufacturing and dispersed small enterprise through Power.


Earlier, Mr. Dada Thomas, president of NGA, stated that for the Nigerian economy to achieve its full potential there must be power anchored on gas development through active private sector participation.

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