E-Business
All You to Need to know About UK, Nigeria Sixth Ministerial Economic Development Forum Held on Friday
The UK Prime Minister’s Trade Envoy to Nigeria, Helen Grant and Nigeria’s Minister of Industry Trade and Investment, Mr. Adeniyi Adebayo, on Friday, held virtually the sixth (6th) meeting of the United Kingdom-Nigeria Economic Development Forum (EDF).
The meeting was joined by Her Majesty’s Acting Trade Commissioner for Africa, Alastair Long, the Comptroller General of the Nigeria Customs Service, Col. Hameed Ibrahim Ali (Rtd) and other senior government representatives from Nigeria and the UK.
The agenda outlined opportunities for a wider UK-Nigeria partnership as discussions centred on the state of bilateral trade; challenges and priorities ahead; opportunities to ‘build back better’ from COVID-19; the Nigeria Government’s preparations to attend the 2021 United Nations Climate Change Conference (COP26), and plans to implement the revised Nationally Determined Contributions (NDCs).
Confirming the strategic importance of the economic development forum, both the UK and Nigeria representatives agreed that in the post-COVID era, there is a need to increase Foreign Direct Investment (FDI) in non-oil sectors in Nigeria.
They welcomed the continued efforts to encourage UK trade and investment into Nigeria resulting in a number of commercial wins for UK companies, including a £10.56m deal in the healthcare sector as part of a new build hospital project, and others in the pipeline (including more than £60m of potential FDI in the renewable energy sector.
UK Prime Minister’s Trade Envoy to Nigeria, Helen Grant said: “I am delighted to have had the opportunity to speak with Nigerian representatives as we deepen our trade relationship with a key partner for us in Africa.
“The Economic Development Forum remains crucial to our efforts to address barriers to bilateral trade and investment between our two countries.
“It is good to have made progress on financial services and the legal sector, which are both great strengths of the UK.”
The London School of Economics and Political Science (LSE) Generate team also made a presentation to mark the upcoming launch of its entrepreneurship Hub in Nigeria with an objective to contribute to the entrepreneurial ecosystem in Nigeria through corporate and start-up programmes.
The Hub will consist of a physical co-working space as well as several entrepreneurship programmes.
The recent launch of the UK’s Skills for Prosperity programme, in partnership with Industrial Training Fund (ITF), to support formal apprenticeship and traineeship routes that enable the private sector to access a skilled workforce and offer meaningful employment to young people in Lagos and Kaduna was also acknowledged.
Nigeria’s Minister of Industry Trade and Investment, Mr. Adeniyi Adebayo said: “I am pleased to herald the 6th Edition of the U.K-Nigeria Economic Development Forum. Engagements such as these are crucial in; promoting bilateral trade and investment; implementing strategic initiatives; and appraising our current economic and trade relationship.
“This platform will also provide an opportunity for us to take stock of progress made on our commitments at previous EDFs, and enable us work together to ensure that our bilateral agreements are properly implemented and beneficial to both parties.”
E-Business
Hisense Electronics Unveils Flagship Showroom in Abuja
By Fabian Tarpael, Abuja
Hisense electronics unveiled a flagship showroom in Abuja over the weekend. Speaking at the event, Mr. Mustapha Khries, the Abuja Branch Manager of the Fouani Group, highlighted the significance of the flagship store, describing it as the first of its kind in the entire West African region.
He also addressed the challenges facing businesses in Nigeria, particularly the high exchange rates and transportation costs.
“The Fouani Group remains resilient and ready to overcome challenges, unlike others who often exit the market when faced with similar issues.”
Ms. Haifa Du, Senior Sales Manager for Hisense Electronics, emphasized the brand’s commitment to affordability and innovation, stating that Hisense offers the most cost-effective and advanced solutions in the market.
The event underscored Hisense’s dedication to technological innovation and sustainability while reaffirming its leadership position in the consumer electronics market.
Mr. Robbin Wei, Senior Sales Manager of Hisense Group, supported by Mr. Greg and Ms. Haifa Du, showcased various innovative products from the new flagship store.
Among the standout products showcased include; The Hisense 110″ Smart Ultra AMOLED TV, featuring unique capabilities such as a solar-powered remote control and a “locate remote” function to find misplaced remotes easily.
E-Business
PalmPay, Jumia Partner to Launch Integration for Shoppers in Nigeria
PalmPay, Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.
This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy.
WIth PalmPay now available as a payment method, shoppers on Jumia will now be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.
“We are proud to partner with Jumia as we bring together the best of fintech and e-commerce to redefine the online shopping experience,” said Sofia Zab, Chief Marketing Officer, PalmPay. “This strategic alliance aligns perfectly with our shared commitment to delivering a superior user experience and exceptional value to our customers.”
Speaking on the partnership, Sunil Natraj, CEO, Jumia Nigeria added: “At Jumia, we are dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience.
“This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”
This alliance marks the beginning of a long-term collaboration between two industry giants, aiming to drive innovation, increase convenience for consumers, and foster the adoption of digital payments across Africa.
To celebrate the launch of the partnership, PalmPay and Jumia are launching a special Christmas campaign, running from December 11th to 30th. During this period, customers who make purchases on Jumia using the PalmPay payment method will stand a chance to win exciting cash rewards. More details can be found on the brands’ respective social media pages. @palmpay_ng and @JumiaNigeria.
E-Business
Aero Contractors Launches “12 Days of Christmas” Campaign
Aero Contractors is thrilled to announce the launch of its “12 Days of Christmas” campaign, a festive and engaging social media initiative designed to spread holiday cheer and reward loyal customers.
Running from December 13 to December 24, 2024, this exciting campaign underscores Aero Contractors’ commitment to connecting families, friends, and communities during the holidays.
The “12 Days of Christmas” campaign invites travel enthusiasts, loyal customers, and holiday travelers to participate in fun and interactive activities on Aero Contractors’ social media platforms, including Instagram, Facebook, and X (formerly Twitter). Each day will feature engaging posts such as trivia, puzzles, and challenges designed to ignite the festive spirit and encourage community participation.
Participants are encouraged to follow Aero Contractors’ social media pages, engage with the daily posts by liking, commenting, or sharing, and follow the specific instructions for each day’s activity.
Winners will be selected daily and announced on the respective platforms. Exciting prizes await participants, with the grand reward of a free return economy class ticket—a perfect gift for reconnecting with loved ones or exploring new destinations this holiday season.
“At Aero Contractors, we believe in the power of togetherness, especially during the holidays,” said Capt. Ado Sanusi, Managing Director of Aero Contractors.
“Our ‘12 Days of Christmas’ campaign is our way of giving back to the community that has supported us throughout the year. It’s an opportunity to engage, celebrate, and reward our customers while spreading joy and festive cheer.”
This campaign targets travel enthusiasts, loyal Aero Contractors customers, and families looking to make the most of the holiday season. Through this initiative, Aero Contractors reaffirms its dedication to safe, reliable, and efficient air travel, bringing people closer when it matters most.
Follow Aero Contractors on Instagram, Facebook, and X to join the “12 Days of Christmas” campaign. Engage daily for a chance to win a free return economy class ticket and other exciting offers.
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