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Layer3 Wins Best Cloud Solutions Provider Second Year in A Row

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L-r): Edward Banjo, Lead Network & Systems Integration, Mandu Johnson, Key Account Manager, Oludare Akinbobola, Lead Finance and Credit Control, and Stephen Agogo, Head Business Development and Strategy all of Layer3 receiving ‘Cloud Base Solutions Provider of the Year’ from Engr. Gbenga Adebayo, chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON) at the 10th BoICT Awards held in Lagos recently.
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Layer3, a leading IT Solutions provider in Nigeria, emerged winner of the keenly contested Cloud Based Solution Provider awards at the 2019 Beacon of ICT Distinguished lecture / award series. The event held on Saturday, April 27, 2019 at the prestigious Eko Signature Suites, Lagos.

Beacon of ICT Distinguished Lecture/Awards is widely regarded as the most prestigious annual event available in the ICT industry in Nigeria and is in its tenth edition. The lecture series is aimed at charting the way forward for the country’s ICT sector while the award ceremony rewards best practices and recognizes outstanding contributions to the growth of the sector. The theme for the event was “Telcos and Banks Partnership to Drive Financial Inclusion.” It examined efforts to empower Nigerians to boost financial growth and development.

Commenting on the awards, Mr Stephen Agogo, Head Business Development and Strategy, said “Layer3 Cloud is a fully automated Infrastructure–as–a-Service (IaaS) platform that has aided entrepreneurs, start-ups, businesses and organizations of all types and sizes to remotely and virtually build, manage, store and deploy diverse enterprise solutions all without the financial outlay on hardware, maintenance and replacements, retaining the ability to manage their resources themselves and most importantly giving them speed to market. Layer3 Cloud is the most robust and secure cloud platform available in the country and runs out of top tier data centres in Abuja and Lagos.”

During the award ceremony, the CEO of Layer3, Mr. Oyaje Idoko, was inducted into the BoICT Hall of Fame as a recognition of his contribution to the ICT sector in Nigeria. Mr. Idoko was one of six other industry stalwarts that received the prestigious recognition and induction.

Presenting the award to Layer3, the Chairman Association of Licensed Telecom Operators of Nigeria (ALTON), Mr Gbenga Adebayo, stated that Layer3 is consistently reeling out innovative offerings and have the potential to be the market leader in the next 5 years.

Layer3 is a leading provider of a wide portfolio of network and IT solutions including broadband and VPN services, managed services, data center and network infrastructure solutions and Layer3 Cloud. At Layer3, the success of our customers is our priority and our culture drives us to work closely with them to truly understand their business and ICT needs.

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Path Solutions Emerges First in Four Categories of ACQ5 Global Awards

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Path Solutions, a global provider of Sharia-compliant banking software solutions and services, has won four categories in the 2019 ACQ5 Global Awards.

Building on last year’s three-win, the company topped the Core Banking, Digital Banking, Sharia-compliant Microfinance, and GameChanger of the Year – Islamic Finance categories in this year’s rankings.

For the sixth year, Path Solutions has maintained its top spot in the Core Banking System Provider for Islamic Finance category. This recognition reflects the company’s ability in helping financial institutions to ensure compliance with the appropriate Sharia rulings. Path Solutions’ wide range of Sharia-compliant software solutions and services meet Islamic banks’ unique business needs.

The readers of ACQ5 ranked Path Solutions first in the Digital Banking Platform Provider for Islamic Finance category on the flexibility and agility of its new-age iMAL<http://www.path-solutions.com/imal.php> Islamic digital suite. The multi-award winning digital banking platform allows financial institutions get closer to their customer base.

Combined with modern architectural approaches, iMAL allows banks to tailor interest-free products and services with a consistent and seamless experience across all channels, with a strong executable workflow and orchestration capabilities, all this while supporting constant change and reducing risk.

The iSHRAQ Microfinance solution earned Path Solutions first place in the Sharia-compliant Microfinance Solution of the Year category for the fifth year running.

Islamic microfinance organizations and cooperatives use iSHRAQ Microfinance solution to manage term deposits, create and manage loans and automated loan repayments, enabling detailed reporting to ensure thorough audit trails. Islamic microfinance institutions also rely on iSHRAQ*Microfinance for a complete general ledger accounting trial balance, income statement, balance sheet, journal transaction or any other transaction, and meet Sharia compliance requirements.

On the other hand, Mohammed Kateeb, Path Solutions’ Group Chairman & CEO was selected GameChanger of the Year – Islamic Financial Technology for the second time in the ACQ5 Global Awards 2019. Kateeb is a veteran and dynamic experienced IT professional with a diversified and prolonged career, and an outstanding leader committed to driving stronger growth for Path Solutions as the industry’s leading global provider of an unrivalled range of highly innovative Sharia-compliant software solutions and services.

Commenting on the four wins, Kateeb said, “This is a great honour for us. This continued recognition is testament to our results-based approach in driving the industry forward. We’re very grateful to our clients and ACQ5 readers for their continued trust and support; to our teams, who are always striving to perform and deliver world-class solutions, I owe them this fantastic recognition. Thank you!”

These four wins add to the growing list of industry awards earned by Path Solutions over the years.

ACQ5 Global Awards celebrate achievement, innovation and brilliance in their annual program, taking the ultimate step in the search for the most outstanding companies and professionals across the globe.

The financial industry’s favourite awards had another record-breaking number of votes this year, with the total number of nominations received standing at an amazing 97,416 out of 215,000.

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Konga Eyes Profitability as Turnover Rises by 800 Per Cent

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Konga, Nigeria’s number one composite eCommerce giant, has set its sights on the path of profitability after achieving an increase in turnover by over 800 per cent and a huge reduction in losses over the past 18 months since its acquisition, according to Prince Nnamdi Ekeh, co-CEO.

 

Prince Ekeh revealed that the new management of Konga has succeeded in reversing losses and growing the business to the delight of its new investors.

 

The development has further raised expectations of the company hitting the path of profitability by 2022.

 

He said that “We have reduced cost by over 45% and also achieved growth of over 800% in the past 18 months. We are working very hard to meet investors’ expectations. It is true we are incurring huge losses now based on the e-commerce business model. However, we have 36 months’ cash reserve to build Konga as a success.

 

“We are ambitiously scaling Konga and that is why we launched a successful Konga Travels and Tours that is currently making huge waves in the travel booking industry. In addition, we have other approved projects and new lines of businesses that are set to be unveiled soon.”

 

 

Prince Ekeh recently spear-headed a major Corporate Social Responsibility (CSR) project anchored by the company.

 

Konga had visited three orphanages in Lagos and Abuja where it donated to the needy and less-privileged. The initiative, carried out under the auspices of Konga Kares – its social investment programme – is also set to hit other states in the country.

 

According to him, the company has put in so much work behind the scenes and is now ready to take the lead.

 

“We have spent the last year restructuring the business and positioning it on a very solid footing. This is evident from the huge strides we have recorded over the period and the several other viable business units and subsidiaries that have taken flight within the Konga Group. Indeed, we are preparing to lead in this space,” he ventured.

 

Prince Ekeh cites a lack of local know-how and huge losses as pitfalls that have encumbered businesses in the e-commerce sector – areas in which Konga stand out.

 

Konga currently operates over 16 physical stores and hubs in Lagos alone. Further, the company has more than tripled the number of strategic stores and mega warehouses nationwide in less than 18 months of the acquisition.

 

Continuing, Prince Ekeh affirmed that e-commerce is a complicated business requiring tact, world-class strategies and creative nous.

 

“E-commerce is not just an extremely expensive project anywhere in the world with initial huge losses. It is a very complicated business.

 

“At Konga, we are locals with a network of quality foreign service providers. We understand the implications of not positioning infrastructure first. This is why we spent the last 18 months indirectly building our own facility nationwide and restructuring technologies to accommodate our ambition. Nigeria will experience the full scale of the Konga retail revolution in the coming months,” he concluded.

 

 

 

 

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Cars45 enhances access to vehicle ownership, rolls out 2 more franchise lots in Lagos

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L-R: Olajide Adamolekun, CFO, Cars45, Oludare Adewale, CEO, Auction.com, Mohammed Iyamu, VP Trading, Cars45 and Head Operations, Carsbazr, John Egwu at the unveiling of the Carsbazr Franchise location in Egbeda, Lagos
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In a bid to take its products and quality of service closer to the consumers, Nigeria’s leading automotive trading platform, Cars45 has unveiled two more Carsbazr franchise lots located in the Egbeda and Shogunle areas of Lagos in partnership with Auction.com Ltd.

 

Speaking at the launch of the franchise outlet, Jide Adamokelun, CFO, Cars45 noted that “for us at Cars45 and Carsbazr, we are always seeking out opportunities to fulfill our brand promise to consumers, that is, providing end-users with a rich variety of verified cars at affordable prices.”

 

“The roll out of these new franchise locations also ties in strongly with our vision to enhance accessibility of the consumers to affordable car sales channels, transform Nigeria’s automotive industry and deepen the values of transparency and integrity that we have brought to that space,” Adamolekun said.

 

It will be recalled that Cars45 provides a detailed 200-point inspection report as well as a grade ranking on all vehicles bought or sold in a manner that reveals the true condition of the cars and empowers the consumer to make a well-informed buying decision.

 

Oludare Adewale, CEO Auction.com, the latest franchise beneficiary said,” considering the brand’s preeminent status, we are very happy to partner with Nigeria’s number one automotive trading platform to enable the public have more convenient options when it comes to buying cars.

“In the few years that we have done business together, we have seen the value they provide to dealers like us in terms of value, volumes and profit margins.

 

“It’s a win-win for everyone and we will work hard to ensure that the current target of 50 franchise locations before the end of year is surpassed.”

 

Speaking on the driving force behind the franchise rollouts, Head Operations, Carsbazr, John Egwu said, “what we are bringing to the market with our franchise rollouts is transparency to the car selling process, driving affordability in a way that says that there is a car for every wallet size and lastly delivering great consumer experiences that is consistent with what you’ll get at any of our Carsbazr retail lots across the country.

 

“We’ll like to encourage other dealerships to take up our franchises even as we create value and enrich the lives of Nigerians with quality services.”

 

With an interesting bouquet of products and services, Cars45 is currently leveraging its partnership with CFAO Motors to sell brand new cars – the Suzuki car models in addition to the foreign used and locally verified used vehicles which the business has been well known for.

 

With its entire vehicle inventory listed on the Carsbazr website, www.buy.cars45.com which records over 6,000 unique visitors every day, consumers can locate vehicles across its lots and franchises.

 

 

 

 

 

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