BrandArena

Nigerian Government Launches Single Digital Portal to Streamline Access to Public Services

noreply@blogger.com (BrandArena) — Wed, 29 Jul 2026 14:53:01 +0000

The Federal Government has launched the Government Service Portal (GSP), a unified digital platform designed to provide citizens, non-citizens and businesses with secure, seamless access to public services offered by Ministries, Departments and Agencies (MDAs).

The portal was officially unveiled on Tuesday in Abuja as part of the government's drive to accelerate digital transformation and improve access to public services.

Developed by Galaxy Backbone, the Federal Government's central digital infrastructure provider, the flagship platform was delivered in collaboration with the Federal Mini
stry of Communications, Innovation and Digital Economy (FMCIDE) and the Korea International Cooperation Agency (KOICA).

Addressing Fragmented Government Services

For years, Nigerians seeking government services such as business registration, tax filing, permit applications and official verification have had to navigate multiple standalone government websites. The fragmented system often required users to create separate accounts, repeatedly submit the same identification documents and make payments through different platforms.

Speaking at the launch, the Managing Director and Chief Executive Officer of Galaxy Backbone, Prof. Ibrahim Adeyanju, said although many MDAs had made progress in digitising their operations, public access to services remained disjointed.

"Government should be organised around the needs of the people, not around institutional boundaries," Prof. Adeyanju stated. "By bringing government services together under one trusted digital gateway, we are simplifying access, improving visibility, promoting consistency, and creating a more seamless experience for everyone who interacts with the government."

Key Features of the Government Service Portal

The Government Service Portal forms a central component of Nigeria's Digital Public Infrastructure (DPI) framework and supports the implementation of the e-Government Master Plan 2.0 and President Bola Tinubu's Renewed Hope Agenda.

Among its key features are:

Single Sign-On (SSO): Citizens can securely access multiple government services using their National Identification Number (NIN) or verified business credentials, removing the need to maintain multiple usernames and passwords.
"Tell Us Once" Data Sharing: Through integration with the Nigerian Digital Exchange, authorised government agencies can securely exchange verification data, reducing the need for users to repeatedly submit the same documents.
Unified Application Tracking: Users receive centralised reference numbers that allow them to monitor the progress of applications submitted across different MDAs in real time.
Paperless Service Delivery: Integration with government cloud infrastructure enables end-to-end digital processing, reducing the need for physical visits to government offices.

Representing the Permanent Secretary of FMCIDE, Engr. Nadungu Gagare, the Director of E-Government, Mr. Johnson Bareyei, described the launch as a major milestone in improving public service delivery.

"Today's event is not simply about providing a digital platform. It's about demonstrating what can be achieved when government agencies work together with a shared purpose, making public services easier, faster, and more accessible for every Nigerian," Bareyei noted.

Nigeria-South Korea Partnership Drives Digital Governance

The portal is the outcome of a multi-year collaboration between Nigeria and South Korea through KOICA under the project, Building a Foundation Towards Digital Governance in Nigeria.

Ahead of the soft launch, Galaxy Backbone carried out extensive user experience testing involving 184 participants from different sectors.

The pilot recorded encouraging results:

88% of participants successfully located specific government services on their first attempt.
More than 80% rated the platform as highly intuitive and user-friendly.
91% said they would use the portal for future government transactions, while 99% indicated they would recommend it to others.

Nationwide Rollout Planned After Pilot Phase

Officials explained that Tuesday's unveiling marks the beginning of a pilot or soft-launch phase, during which selected MDAs will onboard their core services.

The phased rollout is intended to allow engineers to fine-tune system performance, strengthen cybersecurity measures and gather public feedback before nationwide deployment.

Galaxy Backbone and the Federal Ministry of Communications, Innovation and Digital Economy also urged all federal ministries and agencies to accelerate the integration of their services into the platform through application programming interfaces (APIs).

As more government institutions join the ecosystem, the Federal Government expects the portal to improve Nigeria's Ease of Doing Business performance, reduce corruption risks associated with physical cash transactions and strengthen public confidence through faster, more transparent and efficient service delivery.

Afreximbank Raises Record US$1.5 Billion in Largest-Ever Eurobond Issuance

noreply@blogger.com (BrandArena) — Wed, 29 Jul 2026 14:48:50 +0000

African Export-Import Bank (Afreximbank) has successfully raised US$1.5 billion through a dual-tranche Reg S/144A senior unsecured benchmark Eurobond, marking its first US dollar public bond issuance since July 2021 and the largest bond offering in the bank's history.

The issuance comprises two US$750 million tranches: a 5.5-year bond maturing in January 2032 and a 10-year bond maturing in July 2036.

The transaction received strong backing from international investors across the UK, Europe, Asia and the United States, with the order book peaking at US$3.8 billion.

The bond was around two times oversubscribed, with investor demand evenly distributed across both tranches. Strong market appetite enabled Afreximbank to tighten pricing by 37.5 basis points on each tranche, resulting in final yields of 6.25 per cent for the 5.5-year tranche and 7.125 per cent for the 10-year tranche.

The successful return to the US dollar public bond market follows the bank's recent funding activities in alternative markets and currencies, including Samurai bond issuances in 2024 and 2025, as well as a Panda bond issuance in 2025.

Commenting on the transaction, Chandi Mwenebungu, Afreximbank's Managing Director, Treasury and Markets, and Group Treasurer, said: "This successful issuance shows the confidence that investors continue to place in Afreximbank and in Africa's growth story. For us, this is a clear sign that the market continues to believe in Afreximbank's work and in Africa's economic prospects. Our role remains to connect capital to the opportunities that will drive trade, industrialisation and growth across the continent."

HSBC Bank plc served as the Global Co-ordinator, while Standard Bank of South Africa Limited, Standard Chartered Bank, Commerzbank Aktiengesellschaft and MUFG Securities EMEA plc acted as Joint Lead Managers and Joint Bookrunners.

The landmark transaction represents another significant milestone in Afreximbank's funding strategy, reinforcing the bank's ability to access international capital markets on competitive terms while mobilising global capital to support Africa's long-term trade, industrialisation and economic growth ambitions.

EXMAN Unveils New Governance Framework, Industry Pricing Benchmark to Raise Standards in Experiential Marketing

noreply@blogger.com (BrandArena) — Wed, 29 Jul 2026 14:43:02 +0000

The Experiential Marketers Association of Nigeria (EXMAN) has unveiled a series of landmark initiatives aimed at strengthening professionalism, governance and industry standards following its 2026 Annual General Meeting (AGM) held in Uyo, Akwa Ibom State.

The three-day event, themed "Collaboration as Currency," brought together leaders of Nigeria's leading experiential marketing agencies to examine the future of the industry, reinforce professional standards and establish a roadmap for sustainable growth.

In her opening address, EXMAN President, Tolulope Medebem, described collaboration as the industry's greatest competitive advantage in an increasingly evolving marketing landscape.

"The future of our industry will not be built by individual brilliance alone. It will be built by partnerships between agencies, clients, regulators, academia and emerging talent. When we collaborate, we learn faster, innovate better, solve bigger challenges and ultimately create greater value for our clients, our businesses and our profession."

EXMAN members

A key highlight of the AGM was the presentation of two significant governance documents—the updated EXMAN Scope of Practice and Code of Conduct. The frameworks are designed to strengthen ethical practice, establish clear professional standards and provide a structured pathway for the continued growth and development of Nigeria's experiential marketing industry.

Members also resolved to begin developing an EXMAN Industry Pricing Benchmark, one of the AGM's most notable resolutions. The proposed initiative seeks to create a credible pricing framework that promotes consistency, professionalism and sustainable pricing across the sector while recognising the value of creativity, expertise and quality service delivery.

According to the Association, the pricing benchmark will be developed through extensive consultations with member agencies to ensure it reflects market realities, encourages fair commercial practices and strengthens the industry's collective voice on pricing and value creation.

To drive implementation, members approved the convening of an Extraordinary General Meeting (EGM) to conclude deliberations and formally ratify the revised Scope of Practice and Code of Conduct, reinforcing EXMAN's commitment to an inclusive, transparent and consultative governance process.

Beyond governance reforms, the Association reaffirmed its commitment to nurturing future industry professionals through an engagement with students of the University of Uyo. During the interactive session, members shared practical insights into experiential marketing, career opportunities within the sector and the importance of innovation, strategic thinking and creativity in building successful brands.

Reflecting on the significance of the AGM, Medebem said EXMAN's vision extends beyond serving its member agencies to strengthening the wider profession.

"Professionalism is not defined only by creativity; it is also reflected in the standards we uphold, the ethics we practice and the value we place on our expertise. As an Association, we have a responsibility to build institutions, establish standards and create opportunities for those who will come after us. By working together, we are building an industry that is stronger, more respected and better positioned for sustainable growth."

Delegates also paid a courtesy visit to the Akwa Ibom State Government, where they were received by the Commissioner for Information, Hon. Aniekan Umanah. He welcomed EXMAN to the state and commended the Association for selecting Uyo as the host city for its 2026 AGM.

The resolutions adopted at the meeting mark a significant step in EXMAN's efforts to strengthen governance, promote ethical business practices, elevate professional standards and encourage deeper collaboration across Nigeria's experiential marketing ecosystem.

As the Association begins implementing the resolutions, it says it remains focused on positioning Nigeria's experiential marketing industry for greater innovation, stronger institutions and enhanced global competitiveness.

Cardoso, Okonjo-Iweala to Lead Africa Emerging Markets Forum in Abuja

noreply@blogger.com (BrandArena) — Mon, 27 Jul 2026 15:19:50 +0000

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, will headline the 7th Africa Emerging Markets Forum with a high-level fireside dialogue focused on strengthening Africa’s economic resilience amid growing global uncertainties.

The two-day forum, scheduled for July 29–30, 2026, at the CBN Headquarters in Abuja, is being hosted by the Central Bank of Nigeria in partnership with the Emerging Markets Forum (EMF) and the Centre for the Study of the Economies of Africa (CSEA).

With the theme, “Building Resilience Amidst Geoeconomic Uncertainties,” the forum will bring together senior policymakers, central bankers, government ministers, development partners, private sector executives and leading economists from Africa and around the world to examine practical policy responses to emerging global economic challenges.

A key highlight of the event will be the Cardoso-Okonjo-Iweala fireside discussion, which will explore strategies for African economies to build resilience, maintain reform momentum, strengthen regional integration and unlock sustainable long-term growth in an increasingly fragmented global economy.

The forum will also feature keynote presentations by the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, and the Minister of Science, Technology and Innovation, Dr. Kingsley Udeh. Their addresses are expected to highlight the importance of coordinated fiscal, monetary and innovation policies in advancing Africa’s economic transformation and strengthening its ability to withstand future shocks.

Other distinguished participants expected at the forum include the World Bank Group’s Chief Economist and Senior Vice President for Development Economics, Indermit Gill; Founding Director and Chief Executive of the Emerging Markets Forum, Harinder Kohli; Vice-Chancellor of Ahmadu Bello University, Prof. Adamu Ahmed; as well as senior policymakers, academics, development experts and business leaders from Africa and beyond.

Throughout the two-day event, participants will discuss critical issues shaping the future of emerging markets, including macroeconomic stability, regional economic integration, cross-border payments, financial technology, infrastructure development, foreign direct investment, technology transfer, artificial intelligence, food price volatility, inflation and monetary policy transmission in fragile and post-crisis economies.

According to the organisers, the forum aims to encourage constructive dialogue on strategic challenges affecting emerging markets and developing economies while identifying practical policy solutions that can be tailored to the unique circumstances of individual countries.

The organisers added that the forum reflects the commitment of the Central Bank of Nigeria and its partners to promoting regional cooperation, advancing evidence-based policymaking and supporting innovative solutions that will strengthen Africa’s resilience while fostering sustainable and inclusive economic growth.

Anne Kinuthia Otieno Resigns as Airtel Money Kenya MD Ahead of Airtel Africa’s London IPO

noreply@blogger.com (BrandArena) — Mon, 27 Jul 2026 15:06:21 +0000

Anne Kinuthia Otieno has stepped down as Managing Director of Airtel Money Kenya after nearly five years in the role, leaving the company just months before parent company Airtel Africa moves ahead with plans to list its mobile money business on the London Stock Exchange.

Her departure marks the latest in a series of senior executive changes across Kenya’s mobile money industry, coming only weeks after Airtel Kenya appointed a new managing director and days after Safaricom announced the exit of its top financial services executive.

Kinuthia Otieno confirmed her resignation in a LinkedIn post on 25 July, revealing that she was preparing to begin a new chapter in her career, although she did not disclose her next destination.

“Together with an incredible team, we strengthened Airtel Money’s position in the market,” she wrote, highlighting the expansion of Airtel Money’s merchant and agent network, the establishment of new strategic partnerships, and the complete overhaul of the company’s core mobile money platform.

Kinuthia Otieno joined Airtel in August 2021 after more than a decade in the banking sector, where she held senior governance and sales distribution roles at Absa Group and spent more than seven years at Barclays.

During her leadership, Airtel Money significantly strengthened its position in Kenya’s highly competitive mobile money market. In September 2021, the platform accounted for 3.1% of mobile money subscriptions, compared with M-PESA’s 96.8%. By March 2026, Airtel Money had increased its market share to 10.9%, while M-PESA’s share declined to 89.1%.

Kenya recorded 53.4 million active mobile money subscriptions at the end of March 2026, pushing mobile money penetration beyond 100%.

The leadership transition comes at a critical period for Airtel Africa. On 23 July 2026, the telecommunications group confirmed London as the venue for the planned initial public offering (IPO) of Airtel Money, targeted for the second half of the year.

At the end of June, Airtel Money served 56.5 million customers across Africa, representing a 23.3% year-on-year increase. The platform also recorded an annualised transaction value exceeding $245 billion.

The executive reshuffle extends beyond Airtel Money Kenya. On 1 July 2026, Djibril Tobe succeeded Ashish Malhotra as Managing Director of Airtel Kenya after previously leading the company’s operations in Congo Brazzaville and Chad. Malhotra has since taken up responsibility for Indus Towers’ African operations.

Airtel Money Kenya has operated as an independent entity since 2022, when Airtel Africa transferred its mobile money operations into a standalone company regulated by the Central Bank of Kenya.

Meanwhile, Safaricom is also undergoing significant leadership changes. Chief Financial Services Officer Esther Waititu is set to leave the company on 31 July 2026, with Boniface Mungania appointed interim Chief Financial Services Officer. Her departure follows the earlier exit of Sitoyo Lopokoiyit, former Managing Director of M-PESA Africa, who joined Absa Group.

Kinuthia Otieno’s resignation highlights the ongoing leadership reshuffle across Kenya’s mobile money sector as operators intensify competition and reposition for the next phase of growth. With Airtel Africa preparing for a landmark London IPO and Safaricom navigating its own executive transitions, new leadership will play a pivotal role in shaping innovation, regulatory compliance and regional expansion in one of Africa’s most dynamic digital payments markets.

BYD Named Official Automotive Partner of Paris Saint-Germain Until 2029

noreply@blogger.com (BrandArena) — Mon, 27 Jul 2026 15:06:10 +0000

BYD has signed a three-year global partnership with Paris Saint-Germain (PSG), becoming the French club's Official Automotive Partner through June 2029 as the UEFA Champions League holders continue to strengthen their global commercial portfolio.

The agreement unites one of the world's largest manufacturers of new-energy vehicles with one of football's most recognisable clubs following PSG's back-to-back UEFA Champions League triumphs in 2025 and 2026.

The partnership will see BYD and PSG collaborate on global marketing campaigns, exclusive content featuring the club's men's and women's teams, immersive fan experiences and supporter-focused activations over the next three seasons.

As part of the agreement, BYD will receive prominent branding at Parc des Princes, while vehicles from BYD and its premium marque, DENZA, will support Paris Saint-Germain's day-to-day operations throughout the partnership.

The collaboration is designed to combine the global appeal of both brands, promoting innovation, performance and sustainability while delivering new experiences for football fans around the world.

For BYD, the agreement also provides an opportunity to showcase its latest automotive technologies to a worldwide audience, while reinforcing its growing presence in France through an expanding retail network and local mobility initiatives.

Stella Li, Executive Vice-President of BYD, commented: "We are delighted to partner with Paris Saint-Germain, a club that has become a global symbol of excellence, ambition and innovation. At BYD, we share the same determination to challenge convention, inspire progress and connect with people through innovation. This partnership brings together two globally recognised brands united by a forward-looking vision and a passion for creating exceptional experiences. Together, we look forward to engaging with millions of fans worldwide while promoting a more innovative and sustainable future."

Richard Heaselgrave, Chief Revenue Officer of Paris Saint-Germain, said: "We are proud to welcome BYD to the Paris Saint-Germain family. As one of the world's fastest-growing and most innovative companies, BYD is a natural partner for the Club. Bringing our two brands together opens exciting opportunities to engage fans through creativity, innovation and unique experiences around the world."

The partnership aligns with BYD's wider European expansion strategy as the company continues to grow its portfolio of fully electric and Super Hybrid vehicles across the continent.

Now operating in more than 120 countries and regions, BYD is expanding its industrial and commercial footprint in Europe. The agreement with Paris Saint-Germain is expected to enhance brand visibility, demonstrate the company's technological capabilities and deepen engagement with millions of football supporters through initiatives centred on innovation, performance and sustainable mobility.

Revolut Strengthens Como Partnership with Front-of-Shirt Sponsorship for 2026-27 Season

noreply@blogger.com (BrandArena) — Mon, 27 Jul 2026 14:59:52 +0000

Global fintech company Revolut has strengthened its partnership with Italian Serie A club Como 1907 by becoming the team's official Front-of-Shirt Partner from the 2026-27 season.

The expanded deal marks the next phase of the relationship between the two organisations after Revolut became Como 1907's Global Banking and Foreign Exchange (FX) Partner in 2025. Under the new agreement, the company's logo will feature on the front of the club's playing shirts across all domestic and European competitions.

The partnership also builds on the financial operations support provided by Revolut Business while introducing a range of new fan-focused initiatives. Como supporters will gain access to exclusive ticket pre-sales, co-branded products, merchandise discounts, and matchday activations featuring head coach Cesc Fàbregas and members of the first-team squad.

The club's new 2026-27 home shirt, created by adidas in collaboration with Chief Brand Officer Rhuigi Villaseñor, showcases the white Revolut branding across the royal blue, pinstriped design, marking the beginning of the enhanced sponsorship agreement.

Interbank Rates Diverge as Banking System Liquidity Falls to N3.8tn

noreply@blogger.com (BrandArena) — Mon, 27 Jul 2026 14:54:17 +0000

Interbank lending rates showed mixed movements last week as liquidity in Nigeria’s financial system declined week-on-week to about N3.8 trillion, reflecting a slowdown in the Central Bank of Nigeria’s (CBN) aggressive liquidity management operations.

Despite notable funding outflows and the Monetary Policy Committee’s (MPC) decision to retain a tight monetary policy stance, overall system liquidity remained resilient throughout the week.

According to Cowry Asset Management Limited, the banking system opened the week with a net liquidity surplus of N3.20 trillion, down from N4.68 trillion recorded in the previous week.

The weaker opening position was largely attributed to lower balances held in the CBN’s Standing Deposit Facility (SDF).

Liquidity conditions improved after N1.50 trillion worth of Open Market Operations (OMO) bills matured, injecting substantial funds into the banking system.

However, funding conditions tightened midway through the week following a N929 billion debit for the settlement of the Federal Government of Nigeria (FGN) bond auction.

Despite the liquidity drain, strong SDF balances helped cushion the impact, enabling the financial system to close the week with a healthy liquidity surplus of N3.78 trillion, although this remained below the previous week's level.

Money market rates suggested broadly stable funding conditions despite the moderation in liquidity. The Overnight (OVN) rate eased marginally by one basis point to 22.12%, while the Open Repo Rate (OPR) remained unchanged at 22.00%, indicating sufficient liquidity to meet short-term funding needs.

Across the Nigerian Interbank Offered Rate (NIBOR) curve, borrowing costs moved higher. Overnight, one-month, three-month and six-month tenors rose by three basis points, six basis points, seven basis points and 17 basis points, respectively.

The upward movement indicates that market participants continue to price in an extended period of restrictive monetary policy following the MPC’s decision to leave the benchmark interest rate unchanged at 26.50%.

“Interbank funding rates are expected to remain range-bound in the near term, supported by current system liquidity levels,” Herwood Capital Limited projected.

Looking ahead, analysts at Cowry Asset Management Limited expect liquidity conditions to remain relatively comfortable, supported by N500 billion in OMO bill maturities.

However, they noted that the CBN is likely to conduct another OMO auction to mop up excess liquidity and reinforce its tight monetary policy stance.

Anthropic Unveils Claude Opus 5

noreply@blogger.com (BrandArena) — Sat, 25 Jul 2026 11:51:09 +0000

Anthropic has launched Claude Opus 5, its latest flagship artificial intelligence model, introducing stronger reasoning capabilities, improved coding performance and enhanced reliability while easing several restrictions that developers found limiting in earlier AI systems.

The release follows the debut of Claude Opus 4.8 just months ago, highlighting the rapid pace at which leading AI companies continue to introduce increasingly capable models amid intensifying competition in the generative AI market.

According to Anthropic, Claude Opus 5 has been designed to deliver more dependable results by reviewing and refining its responses before presenting them to users. The company said this self-checking approach improves accuracy across complex reasoning, software development and other technical tasks that require multiple stages of analysis.

Anthropic said internal performance benchmarks show Claude Opus 5 surpasses several of its recently released models across a range of evaluations, despite not being the company's largest AI system. The results indicate that architectural improvements and optimisation can deliver stronger real-world performance without relying solely on larger model sizes.

The company also positions Claude Opus 5 as a more cost-effective option for developers and enterprises. Anthropic said the model offers lower operating costs than some of its premium counterparts while retaining the capability to manage demanding workloads, making it suitable for a broader range of commercial and technical applications.

Among the most notable updates is a reduction in several restrictions that had previously frustrated developers. Anthropic said Claude Opus 5 operates with lighter safety controls than some of its latest frontier models, enabling more legitimate requests to be completed without unnecessary interruptions.

The model also offers improved privacy assurances for organisations handling sensitive information. According to Anthropic, Claude Opus 5 is not subject to the same extended data retention requirements applied to certain recently released models, providing businesses with greater confidence when managing confidential data.

Despite easing some restrictions, Anthropic said it has retained safeguards for high-risk cybersecurity activities. For instance, Claude Opus 5 can assist developers in identifying security weaknesses within software source code for defensive purposes but will not support scanning compiled software binaries for vulnerabilities that could be exploited maliciously.

Anthropic added that its updated safety systems are designed to intervene less frequently than before, reducing unnecessary safety triggers and allowing developers to complete legitimate tasks with fewer workflow disruptions.

Alongside Claude Opus 5, the company introduced a beta feature known as Automatic Fallbacks for API users. Rather than returning an error when a request activates a safety filter, the feature automatically redirects the prompt to a less powerful model capable of generating a safe response, helping applications remain operational while preserving appropriate security protections.

The launch comes as competition among major AI developers increasingly extends beyond benchmark performance to include pricing, reliability, privacy and enterprise usability. Organisations investing in generative AI are placing greater emphasis on models that combine advanced reasoning with predictable performance and efficient deployment costs.

For Anthropic, Claude Opus 5 marks another step in strengthening its position in the highly competitive AI landscape. Instead of focusing solely on model size, the company is emphasising efficiency, reliability and developer-focused improvements aimed at making its flagship AI more practical for everyday professional use.

As businesses continue integrating artificial intelligence into software development, research, cybersecurity and wider business operations, Claude Opus 5 reflects the industry's growing focus on building AI assistants that are not only more capable but also more reliable, cost-effective and easier to deploy at scale.

Airtel Nigeria Secures 10-Year Renewal of 900MHz Spectrum Licence from NCC

noreply@blogger.com (BrandArena) — Sat, 25 Jul 2026 11:48:12 +0000

Airtel Nigeria has secured a significant regulatory approval after the Nigerian Communications Commission (NCC) renewed its 900MHz spectrum licence for another 10 years, reinforcing the telecommunications operator’s long-term network expansion strategy and investment plans in Nigeria.

The renewal was disclosed by parent company Airtel Africa in its second-quarter 2026 financial results. According to the company, the NCC confirmed the renewal terms on April 15, 2026, allowing Airtel Nigeria to retain one of its most valuable spectrum assets for an additional decade.

Under the agreement, Airtel Nigeria will pay $37 million, equivalent to approximately ₦50.5 billion based on the agreed exchange rate, to renew the licence. Although the payment terms have been finalised, the renewed licence will only take effect after the expiration of the current licence.

Airtel Nigeria’s existing 900MHz spectrum licence remains valid until November 30, 2031. The renewed licence will commence on December 1, 2031, and run until November 30, 2041, ensuring uninterrupted access to the spectrum for another decade.

The 900MHz frequency band is widely regarded as one of the most valuable assets for mobile network operators because of its ability to deliver wider geographic coverage and stronger indoor signal penetration. Its characteristics make it particularly suitable for extending connectivity to rural and underserved communities, where deploying additional telecommunications infrastructure is often more complex and costly.

The licence renewal also supports Nigeria’s digital inclusion agenda. The Federal Government and the NCC have continued to promote investments that expand broadband access, strengthen mobile connectivity and bridge the digital divide across the country.

For Airtel Nigeria, the extension provides long-term certainty for network planning and infrastructure investment. It enables the operator to continue enhancing its voice and data services while maintaining dependable coverage for millions of subscribers in both urban and rural areas.

The agreement also delivers financial benefits. By paying the renewal fee in naira instead of foreign currency, Airtel Nigeria reduces its short-term exposure to exchange rate volatility, a key consideration for businesses operating in Nigeria’s fluctuating foreign exchange market.

The licence renewal coincides with strong financial results from Airtel Nigeria. During the second quarter of 2026, the company generated ₦689.87 billion in revenue, representing a 50.4 per cent year-on-year increase in reported currency. Airtel attributed the growth largely to rising demand for mobile data services, driven by increasing smartphone adoption and internet usage.

Nigeria remains Airtel Africa’s largest market, accounting for just over 27 per cent of the group’s total revenue across its operations in 14 African countries. The company also reported continued growth in smartphone adoption, with smartphone penetration reaching 56.1 per cent during the quarter.

Demand for mobile data continued to rise, with average monthly data usage per smartphone customer increasing to 14.9GB from 11.8GB in the corresponding period last year. The increase reflects growing consumer demand for streaming platforms, social media, online gaming, digital payments and other internet-based services.

Beyond telecommunications, Airtel Africa is advancing plans to expand its financial services business through the proposed initial public offering of Airtel Money later this year, with London identified as its preferred listing venue. During the quarter, Airtel Money processed transactions worth $61.4 billion, while revenue from the mobile money business recorded significant year-on-year growth.

By securing another decade of access to the 900MHz spectrum, Airtel Nigeria has strengthened the foundation for future network investments. As demand for faster mobile internet services and broader broadband coverage continues to rise, the renewed licence positions the operator to enhance service quality while supporting Nigeria’s ongoing digital transformation.

LG Electronics Brings Innovation to Life Through Make Life Good Reality Series Across Africa

noreply@blogger.com (BrandArena) — Sat, 25 Jul 2026 09:03:43 +0000

...continues to inspire audiences across Nigeria, South Africa and Kenya by transforming communities

LG Electronics (LG) has inspired millions across Africa through its groundbreaking Make Life Good reality series, a unique platform that combined the power of innovative technology with community transformation. Produced in partnership with MultiChoice, a Canal+ company, and hosted by acclaimed actress Jessica Dlamini, the series showcased how LG's cutting-edge solutions can help address real-world challenges while empowering individuals and communities to thrive. As the season comes to an end, its legacy lives on through the lives transformed, the communities empowered, and the lasting impact created across the continent.

Throughout the season, each transformation has demonstrated that meaningful change begins when people choose to invest in the communities that helped shape them. From enhancing learning environments and supporting youth development to improving care facilities and creating safer, more dignified spaces for vulnerable groups, the series has showcased the profound impact that innovation can have when it is applied with purpose. Beyond physical renovations, these interventions have restored hope, inspired confidence and created opportunities for individuals and communities to thrive.

According to the host of Make Life Good, Jessica Dlamini, "What makes Make Life Good special is that it goes beyond transformation. It celebrates gratitude, purpose and giving back. Behind every successful person is a community, a mentor, a caregiver, or a safe space that helped shape their journey. Throughout this series, we have witnessed extraordinary individuals return to those places and create meaningful change for the next generation within 24 hours. These stories remind us that when people and technology come together with purpose, remarkable things happen."

Throughout the six-episode series, LG's innovative products served as the catalyst for meaningful and lasting community transformation across Africa. Each intervention demonstrated how technology can address everyday challenges while improving the quality of life for individuals and communities.

In Episode One, legendary Nigerian goalkeeper William Okpara led the transformation of a school sports facility where young athletes lacked proper laundry and changing room amenities. LG equipped the facility with a Washing Machine, Dryer and xboom Stage 301 Audio System, helping create a cleaner, more convenient and motivating environment where students can focus on developing their talents and pursuing sporting excellence.

Episode Two featured renowned mountaineer Saray Khumalo, who championed a community-focused transformation powered by an LG InstaView Refrigerator, NeoChef Microwave Oven and Dishwasher. The upgraded facility now provides greater efficiency, convenience and functionality for beneficiaries, creating a more supportive environment for daily activities and community engagement.

One of the standout stories was Episode Three, featuring award-winning filmmaker Adze Ugah, who partnered with the BBM Foundation's Bold Men Skills Programme in South Africa. The vocational training centre received a significant upgrade through the installation of a 100-inch LG QNED TV, XBOOM Audio System and DualCool Inverter Air Conditioner, transforming it into a modern learning environment where trainees can develop vocational and digital skills in greater comfort and with enhanced access to educational content.

Episode Four saw Esther Munyi support a children's care facility through the introduction of an LG InstaView Refrigerator, NeoChef Microwave Oven and Washing Machine. The intervention improved food storage, meal preparation and daily operations, allowing caregivers to dedicate more time and attention to the wellbeing of vulnerable children.

Episode Five focused on creating a safe and empowering communal space for young women rebuilding their lives after hardship. Through LG's innovative home solutions, the transformed environment now provides greater comfort, functionality and support for learning, personal growth and community connection.

The season finale featured Perpetual Kendi, who transformed a youth-focused community facility using LG's premium Audio System and Smart TV solutions, creating a vibrant and engaging space that supports creativity, learning and community interaction for future generations.

At the heart of every transformation was LG's commitment to delivering technologies that make everyday life better. From energy efficient refrigerators that enhance food preservation and advanced laundry solutions that simplify clothing care to smart entertainment technologies that enrich learning experiences and air conditioning systems that create comfortable environments, LG products served as practical enablers of positive change throughout the series.

Commenting on the initiative, the Managing Director of LG Electronics Nigeria, Mr. Hyoung Sub Ji, said: "At LG Electronics, we believe true innovation extends beyond technology. It is about creating solutions that improve lives and help communities thrive. Through Make Life Good, we have shown how our products can address everyday challenges while contributing to meaningful social impact. Every community transformed through this initiative demonstrates our commitment to making life better for customers and communities across Africa."

The Make Life Good reality series highlights how technology can become a catalyst for positive change when combined with purpose, compassion and community partnership. From learning centres and schools to community facilities and support organizations, each transformation demonstrates LG's belief that innovation is most powerful when it helps people achieve their full potential.

For highlights and behind-the-scenes moments from all six episodes of Make Life Good, follow LG Electronics on its social media channels. For more information about LG Electronics, its innovative product portfolio and social impact initiatives, please visit https://www.lg.com/africa

Otti Supports $13.1m CNG Project to Boost Clean Energy and Industrial Growth in Abia

noreply@blogger.com (BrandArena) — Fri, 24 Jul 2026 12:05:21 +0000

Abia State Governor Alex Otti has expressed support for a proposed $13.1 million Compressed Natural Gas (CNG) project, describing it as a strategic investment that aligns with the state’s industrialisation agenda and efforts to expand clean energy and manufacturing development.

The project, proposed by Earthoc Group and its partners, involves the establishment of a 14.13 million Standard Cubic Feet Per Day (MMSCFD) CNG mother station in Owaza, Ukwa West Local Government Area of Abia State.

The facility is expected to improve gas utilisation, support industrial activities and strengthen clean energy infrastructure across the state.

Speaking during a meeting with investors at Nvosi, Isiala Ngwa South Local Government Area on Thursday, Otti said Owaza was an ideal location for the project due to its proven commercial gas reserves, with exploration and production activities already being carried out by various oil companies.

He said the investment aligned with the state government’s vision of developing an industrial economy, adding that the Abia Industrial and Innovation Park (AIIP), where several manufacturers have started establishing operations, would provide a suitable environment for the project.

Otti said the state government would facilitate discussions around the company’s request for about five hectares of land within the AIIP and collaborate with the investors on the proposed Public-Private Partnership (PPP) arrangement.

The governor also highlighted the role of existing energy initiatives in the state, noting that Abia’s electric buses were powered by uninterrupted electricity supplied by Aba Power Limited to Aba North, Aba South and seven other local government areas since February 2024.

He said the government had initially procured 20 electric buses, with another 20 already delivered and an additional 30 expected before the end of September.

However, Otti stressed that CNG vehicles remained an important alternative because they were cheaper to operate and produced fewer emissions compared with vehicles powered by internal combustion engines.

According to him, consumers would continue to have different transportation preferences, making both electric and CNG-powered vehicles important components of the transition towards cleaner energy.

The governor commended Earthoc Group and its partners for choosing Abia for the investment, expressing optimism that the project would attract more businesses and strengthen the state’s industrial landscape.

He also assured the delegation that land allocation for their automobile business would not be a challenge, expressing hope that construction of the proposed facilities would begin soon.

Earlier, the Executive Director of Earthoc Group, Mr Odim Kalu, said the company planned to invest about $13.1 million in developing the 14.13 MMSCFD CNG mother station in Owaza.

Kalu said the project would leverage the area’s abundant gas resources and position Abia as a major CNG infrastructure hub in the South-East.

He explained that the company, which operates in marine logistics, support services and the oil and gas sector, entered the CNG conversion business following the Federal Government’s Presidential CNG Initiative introduced in 2023.

According to him, the company began converting petrol and diesel-powered vehicles, trucks and generators to CNG but identified inadequate refuelling infrastructure, particularly in southern Nigeria, as a major challenge to wider adoption.

He said the company later partnered with a Chinese firm to develop CNG mother and daughter stations to address the infrastructure gap.

Kalu said concerns from motorists travelling between Port Harcourt and Enugu over the lack of CNG refuelling stations in Abia influenced the decision to invest in the state.

“We have completed about 99 per cent of the preparatory work and are ready to commence the project.

“Our vision is to position Abia as the first integrated CNG industrial hub in the South-East, where there are currently no CNG mother stations,” he said.

He said the proposed facility would provide cleaner and more affordable energy for industries and the transport sector while helping to reduce carbon emissions.

Kalu described Abia as an attractive investment destination due to its strategic location, growing industrial base, increasing demand for clean energy, gas deposits in Owaza and the state government’s commitment to industrialisation and job creation.

He added that while the state had made significant investments in electric vehicles, CNG remained a complementary and cost-effective energy solution for commercial transportation and industrial users.

According to him, the project would create jobs, stimulate industrial development and reduce energy costs for businesses.

Earlier, the Director of Drivemart Automobiles, Mr Chukwudalu Umeobi, said his company and its partners were seeking collaboration with the Abia State Government to develop the automobile and CNG sectors.

Umeobi, who is also a partner with Chinese automobile manufacturer Chery Group, said the company was in Abia to introduce its operations and explore partnership opportunities with the state government.

He said Chery Group was involved in the distribution, assembly and production of vehicles in Nigeria as part of efforts to support the growth of the country’s automobile industry.

Google Introduces Selfie Video Verification to Help Users Recover Locked Accounts

noreply@blogger.com (BrandArena) — Fri, 24 Jul 2026 12:01:42 +0000

Google has introduced a new selfie video sign-in feature that allows users to verify their identity through a short facial video when recovering access to their accounts.

The new security option, announced on Thursday, is designed to help users regain access when they are locked out of their Google accounts or unable to use their usual devices.

The move highlights Google’s wider shift towards biometric authentication as technology companies look beyond traditional passwords to improve online security.

Users can activate the feature by recording a short selfie video during the setup process.

The verification process requires users to look into their device’s camera and follow simple instructions, such as turning their head or nodding. These movements allow Google to capture different angles of the user’s face and confirm their identity.

If account recovery is needed in the future, users can submit another selfie video. Google will then compare the new recording with the original setup video to determine whether the same person is attempting to access the account.

As artificial intelligence advances make it easier to create realistic fake images and videos, one of the biggest challenges for biometric security systems is distinguishing genuine users from AI-generated impersonations.

Google says the selfie video feature includes several security measures designed to prevent identity fraud, including protection against deepfake attacks.

The system combines facial recognition with liveness detection, requiring users to complete simple movements that prove they are physically present rather than relying on a static image or manipulated video.

Google also says it continues to use its existing security tools to detect unusual or suspicious login activity.

The introduction of selfie video verification reflects a broader industry move towards biometric authentication.

With AI-generated content and synthetic identities becoming increasingly sophisticated, companies are developing new ways to confirm both a user’s identity and their physical presence.

Liveness verification is increasingly being adopted across industries, including financial services, digital payments and online identity verification, as organisations seek stronger protection against fraud.

Google’s new feature adds to a growing range of biometric security options being introduced across the technology sector.

While the feature is designed to strengthen account security, it may also raise questions about how biometric information is collected, stored and protected.

Facial recognition technology has faced increasing scrutiny from privacy regulators globally, particularly around data retention and security practices.

Google says selfie videos are encrypted and securely stored within users’ accounts.

The company added that users remain in control of their information and can delete stored selfie videos at any time.

Google says the selfie video feature is intended to provide an additional account recovery option rather than replace existing authentication methods.

For users who lose access to trusted devices or cannot remember their login details, the new verification method could offer a quicker way to regain access while adding another layer of protection against fraud.

Uber Cuts 10% of Customer Service Workforce as AI Takes Over More Support Operations

noreply@blogger.com (BrandArena) — Fri, 24 Jul 2026 11:57:23 +0000

Uber has reduced its customer service workforce by around 10% as the ride-hailing giant accelerates the adoption of artificial intelligence (AI) to manage customer support operations, reflecting a wider shift towards AI-powered workplaces across the technology sector.

The restructuring, confirmed on Thursday, comes as Uber expands its use of AI tools to handle millions of customer interactions, including trip disputes, refund requests, lost property reports and account-related enquiries.

While Uber has not revealed the exact number of employees affected, the reduction represents a significant workforce change for a company operating across more than 70 countries worldwide.

Uber Expands AI-Powered Customer Support

Customer service has become one of the earliest areas of business operations to experience widespread AI adoption, as many support requests involve repetitive tasks that can be automated.

Uber’s AI systems are increasingly managing routine enquiries that previously required human agents, enabling the company to process requests more quickly while reducing operational costs.

For a platform handling millions of rides daily, automating common support issues offers significant efficiency benefits and allows resources to be redirected towards more complex customer needs.

The latest workforce reduction highlights Uber’s increasing reliance on AI as a key component of its customer service strategy.

AI Automation Drives Wider Technology Industry Restructuring

Uber’s decision reflects a broader trend across the global technology industry, where companies are using AI to automate structured and repetitive tasks while reassessing workforce requirements.

Earlier this year:

Klarna said its AI assistant was carrying out work equivalent to hundreds of customer service agents.
Duolingo reduced contractor roles as it expanded its use of AI.
Salesforce announced plans to slow software engineering hiring as AI began taking over parts of development work.

The approach adopted by many companies is focused on automating predictable processes, improving efficiency and reducing operational expenses.

Can AI Replace Human Customer Support?

Although AI systems perform effectively when handling straightforward requests, questions remain about their ability to manage complex customer issues that require judgement, empathy and problem-solving.

Many Uber complaints involve situations where customers need more than automated responses, including:

Incorrect cancellation charges
Disputes over surge pricing
Lost personal belongings
Fraud-related account restrictions
Complex payment and billing problems

These cases often require context, flexibility and human understanding—areas where current AI technology still has limitations.

While AI can efficiently resolve simple queries such as payment updates or driver tracking information, customers facing unusual or sensitive situations may still expect access to human support.

Balancing Cost Efficiency with Customer Trust

The increasing use of AI in customer service has generated mixed reactions among users.

Supporters argue that automation can provide faster solutions for routine issues, while critics warn that reducing human assistance could make complex problems more difficult to resolve.

Industry observers have noted that companies removing human escalation options entirely risk damaging customer satisfaction, increasing complaints and creating frustration among users who need personalised support.

For Uber, the challenge will be maintaining the right balance between operational efficiency and customer trust as AI becomes more integrated into its support systems.

AI’s Growing Impact on Employment

The layoffs also highlight the wider impact of AI on jobs, particularly roles involving repetitive digital tasks.

Unlike previous waves of automation that gradually created new employment opportunities, AI adoption is rapidly reshaping existing roles by replacing certain functions previously performed by people.

For affected employees, the transition represents an immediate employment disruption as companies continue restructuring around AI-driven operations.

As Uber expands automation across its customer support services, the coming months will reveal whether AI can deliver faster and more efficient assistance while maintaining the quality of customer experience expected by riders when problems arise.

BUA Cement profit rises 79.6% to N324.9bn in first half of 2026

noreply@blogger.com (BrandArena) — Fri, 24 Jul 2026 11:53:37 +0000

BUA Cement Plc has reported a 79.6 per cent increase in profit after tax to N324.9 billion for the first half of 2026, up from N180.9 billion recorded in the corresponding period of 2025.

The cement manufacturer, in its unaudited financial results, also recorded a 25.6 per cent growth in revenue, rising to N728.9 billion from N580.3 billion reported in the first half of 2025.

Profit before tax increased by 79 per cent to N384.4 billion, compared with N214.8 billion achieved a year earlier.

BUA Cement attributed the strong financial performance to growth in its new market segment, improved cost management, fiscal discipline, and a stable foreign exchange environment.

The company said its new market segment contributed significantly to revenue growth both year-on-year and compared with the preceding quarter.

It added that cost optimisation initiatives helped reduce direct cost per tonne by 4.4 per cent year-on-year and by 0.6 per cent between the first and second quarters of 2026.

The company’s operating ratio improved to 49.1 per cent in the first half of 2026, compared with 57.9 per cent recorded in the same period of 2025.

BUA Cement also reported improvements in key profitability indicators, with return on assets rising to 21.4 per cent from 15.4 per cent, while return on equity increased to 52.4 per cent from 37.8 per cent.

The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) margin increased to 54 per cent from 46.3 per cent during the review period.

Earnings per share also rose to N9.59, compared with N5.34 recorded in the first half of 2025.

The Managing Director and Chief Executive Officer of BUA Cement, Yusuf Binji, expressed satisfaction with the company’s performance despite prevailing operational challenges.

Binji said, “We have delivered a strong quarter despite the constraints encountered.

“As outlined in my April commentary, our strategic focus is firmly on new growth opportunities and cost containing measures.

“I am pleased with the traction of the growth plans and the gains recorded.”

He said the company would continue to prioritise initiatives aimed at improving operational efficiency.

“We will continue to prioritise measures aimed at driving operational efficiencies.

“Therefore, I expect current process optimisation activities will result in higher productivity and improved cost management, especially with the decisions taken during the quarter.

“I am very encouraged by our outlook and performance over the next quarters,” Binji said.

Samsung unveils One UI 9 with Galaxy Z Fold 8 series, bringing AI upgrades and enhanced foldable experience

noreply@blogger.com (BrandArena) — Fri, 24 Jul 2026 11:40:50 +0000

Samsung has officially introduced One UI 9, its latest Android interface built on Android 17, alongside the new Galaxy Z Fold 8, Galaxy Z Fold 8 Ultra and Galaxy Z Flip 8. The company also launched One UI 9 Watch for its latest smartwatches, introducing a host of AI-powered capabilities, interface improvements and performance enhancements.

One UI 9 is Samsung’s ninth major software update for Galaxy smartphones and tablets. Rather than introducing a complete visual overhaul, the update builds on the Fluid AI design language introduced with One UI 8.5 by adding more intelligent features, stronger privacy protections and improved usability.

Samsung has also accelerated its software release schedule to align with Google’s updated Android roadmap. The rollout begins with the Galaxy Z Fold 8 series, continuing the strategy introduced with last year’s Galaxy Z Fold 7 and Galaxy Z Flip 7.

AI-powered features take centre stage

One UI 9 places artificial intelligence at the heart of the user experience, particularly for Samsung’s latest foldable devices.

Gemini Intelligence enables users to automate tasks across more than 40 applications, including shopping, travel bookings and event ticket purchases. On the Galaxy Z Flip 8, Gemini is accessible directly from the Flex Window.

The new Gemini Notebook gathers notes, links, images and voice recordings before generating summaries or audio overviews, helping users organise information more efficiently.

Samsung is also bundling a six-month subscription to Google AI Pro with the Galaxy Z Fold 8 Ultra, Galaxy Z Fold 8 and Galaxy Z Flip 8.

Smarter everyday assistance

The update introduces several AI-driven productivity tools designed to simplify daily tasks.

Nudge recommends the next action based on user behaviour, while Now Brief delivers a personalised daily summary featuring music controls, maps, calendar reminders and other action cards.

Users can also monitor Gemini's activity through the new AI Assistant Dashboard, providing greater transparency and control over AI-generated actions.

Photography receives an upgrade with Photo Assist for voice-controlled editing and FanCam, which improves subject tracking in videos.

Stronger privacy and security

Samsung has expanded privacy features in One UI 9 to provide greater protection against digital threats.

New Privacy Alerts use on-device AI to identify applications requesting excessive permissions, while Samsung Internet warns users before opening potentially dangerous websites.

A new Warranty & Care Hub also centralises Samsung Care services, warranty information and repair bookings in one location.

Improved experience for foldable devices

One UI 9 introduces several enhancements specifically designed for foldable smartphones.

These include adaptive screen orientation, automatic lock screen wallpaper repositioning, an improved multi-app split-screen mode with one-tap switching, a more capable Flex Window on the Galaxy Z Flip 8, and a redesigned floating Quick Panel for easier navigation.

Additional improvements

Samsung has retained several beta features in the final release, including:

Enhanced Quick Panel with larger sliders.
New pen styles and the Tape Tool in Samsung Notes.
Game Booster with real-time performance monitoring.
Blue Dot location access indicator.
Expanded accessibility through Google TalkBack updates.
Samsung DeX improvements, including virtual desktops.
One UI 9 Watch brings new health and fitness tools

Samsung also announced One UI 9 Watch, launching with the Galaxy Watch 9 and Galaxy Watch Ultra 2, based on Wear OS 7.

The update introduces hands-free Gemini voice activation without wake words, expanded Samsung Health features covering activity, nutrition, mindfulness, sleep and vital signs, FDA-authorised sleep apnoea detection, a new Running Coach with Strava integration, and a redesigned Galaxy Wearable app featuring live watch face previews.

Eligible Galaxy devices

Samsung has not yet released a complete compatibility list for One UI 9. However, the company has confirmed that the Galaxy S22 series, Galaxy S21 FE, Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Tab S8 series, Galaxy A53 and Galaxy A33 will not receive the update, as One UI 8.5 represents their final major software upgrade.

Based on Samsung's previous rollout pattern, One UI 9 is expected to expand to:

Galaxy S23 through Galaxy S26 series.
Galaxy Z Fold 5–7 and Galaxy Z Flip 5–7 models.
Selected Galaxy A, M and F series smartphones.
Galaxy Tab S9 to Galaxy Tab S11 tablets.
Galaxy XCover 7 series.
Earlier Galaxy Watch models in the coming months.

Rollout timeline

The Galaxy Z Fold 8, Galaxy Z Fold 8 Ultra and Galaxy Z Flip 8 ship with One UI 9 pre-installed and will be available from early August 2026.

The Galaxy S26 series is expected to become the first existing Galaxy smartphones to receive the update from September 2026, with wider availability extending across supported devices through the remainder of 2026 and into 2027.

As with previous Samsung software releases, the rollout is expected to begin in South Korea, Europe and the United States before reaching African markets several weeks later.

How to update to One UI 9

Eligible users can install One UI 9 by following these steps:

Open Settings and select Software update.
Tap Download and install.
Ensure the device is connected to Wi-Fi and has at least 50% battery charge.
Users can also install the update using Smart Switch on a PC.
After installation, confirm the software version under Settings > About phone > Software information.

The Industry Newspaper announces 2026 Top 50 Nigerian Companies of Impact

noreply@blogger.com (BrandArena) — Fri, 24 Jul 2026 11:07:22 +0000

The Industry Newspaper, a leading publication covering brands, business, marketing, and impact in Nigeria, has unveiled the 2026 edition of its Top 50 Nigerian Companies of Impact, an annual ranking recognising organisations making measurable contributions to the nation's economy, communities and long-term development.

In a statement signed by the Editor-in-Chief of The Industry Newspaper, Goddie Ofose, he said: “Now in its 4th year, the 2026 list is curated under the theme ‘Building Resilience, Driving Growth: Nigerian Companies Shaping the Next Decade.’ It recognises companies that have not only weathered macroeconomic headwinds but have also invested in innovation, infrastructure, people, and communities to secure long-term growth.”

The 2026 honourees span key sectors of the economy, including banking and financial services, energy, oil and gas, manufacturing, fast-moving consumer goods (FMCG), retail, technology, media, healthcare, logistics, advertising and experiential marketing.

Among the organisations recognised are Dangote Industries Limited, BUA Foods Plc, Zenith Bank Plc, Wema Bank Plc, Fidelity Bank Plc, Oracle Experience, X3M Ideas, Mediacraft Associates, Channels Television, Punch Newspaper Limited, Arise News, Red Media Africa, Quest Merchant Bank Limited, PremiumTrust Bank, Parallex Bank, Petrocam, Prince Ebeano Supermarket, Rite Foods, Seplat Energy, Red Star, and 30 other impact-driven organisations.

The official unveiling of the 2026 ranking will take place during a Business Forum, induction and award presentation scheduled for Friday, August 21, 2026, in Lagos.

The event will feature a keynote address by the newly elected President of the Advertisers Association of Nigeria (ADVAN) and Senior Special Assistant on Digital/New Media to the President of the Federal Republic of Nigeria, Mr O'tega Ogra, who is widely regarded as a leading voice in public affairs, corporate communications and nation-building.

According to the editorial team at The Industry Newspaper, more than 300 nominations were assessed using eight criteria: financial performance, job creation, innovation, corporate governance, customer impact, sustainability, local content and contribution to national development.

Speaking on the significance of this year's ranking, Mr Goddie Ofose, Editor-in-Chief of The Industry Newspaper, said: “The theme ‘Building Resilience, Driving Growth: Nigerian Companies Shaping the Next Decade’ could not be more timely. The last 18 months have tested every business in Nigeria – from subsidy removal and FX reforms to inflation and global supply chain shocks. Yet, the companies on this 2026 list chose to build rather than retreat. We saw Dangote and BUA doubling down on industrialization and energy security. We saw Zenith, Wema, and Fidelity Bank expanding access to finance for millions of Nigerians through digital channels and agent banking. We saw Oracle Experience, X3M Ideas, Noah’s Ark, and Mediacraft using culture, creativity and live experiences to connect brands with people at a time when trust matters most.

“These are not just profitable companies. They are purposeful companies. They are hiring young Nigerians, paying taxes, sourcing locally, investing in technology, and solving real problems. They understand that resilience is not just about surviving a downturn. It is about laying the foundation for the next decade of prosperity.

“As a newspaper, our duty is to document and spotlight these builders. The Top 50 is our vote of confidence in Nigerian enterprise and a call to action for more businesses to lead with impact. Nigeria’s next decade will be shaped by the decisions companies make today. The 2026 honourees are already making those decisions.”

Ofose highlighted several trends that emerged from this year's selection.

He said companies recognised under the Resilience through Reform category demonstrated agility in responding to policy changes while protecting jobs and maintaining service delivery despite rising operating costs.

On Financial Inclusion at Scale, he noted that banks such as Zenith Bank, Wema Bank, Fidelity Bank, PremiumTrust Bank and Parallex Bank expanded access to financial services for SMEs and rural communities through fintech partnerships and agent banking networks.

Under Industrial and Energy Leadership, he said conglomerates including Dangote and BUA, alongside companies such as Seplat, Oando and Petrocam, continued to strengthen Nigeria's manufacturing, refining and energy infrastructure in support of national self-sufficiency.

Speaking on Consumer and Retail Innovation, Ofose said brands including Prince Ebeano Supermarket, Rite Foods and Red Star enhanced customer experience through improvements in supply chain efficiency, product quality and affordability.

He added that companies such as Oracle Experience, X3M Ideas, Noah's Ark and Red Media Africa demonstrated the growing influence of Nigeria's creative economy by using storytelling, events and media to deepen brand loyalty, engage young audiences and strengthen the country's global cultural influence.

According to Ofose, organisations featured in the 2026 ranking collectively created or sustained more than 500,000 direct and indirect jobs over the past 12 months.

He also noted that sustainability continued to gain prominence, with an increasing number of companies embedding environmental, social and governance (ESG) principles into their operations through renewable energy projects, waste management initiatives and community development programmes.

Commenting on the keynote speaker, Ofose described Mr O'tega Ogra as a respected strategist and communications leader with decades of experience shaping public policy and corporate reputation in Nigeria.

According to him, Ogra's keynote address will focus on "The Business of Nation Building: How Corporate Resilience Translates to National Prosperity."

The complete 2026 Top 50 Nigerian Companies of Impact ranking, alongside company profiles and industry insights, will be published in a special commemorative edition of The Industry Newspaper on August 21, 2026.

“The Industry Top 50 Induction and Award Presentation will be held in Lagos on August 21, 2026 and will bring together CEOs, policymakers, investors, and development partners to celebrate impact and chart pathways for the next decade,” Ofose stated.

FG Targets Industrial Growth, Investment and Trade Competitiven ess to Drive Economic Transformation

noreply@blogger.com (BrandArena) — Fri, 24 Jul 2026 11:04:06 +0000

The Federal Government has reaffirmed its commitment to accelerating industrial growth, attracting investment and strengthening Nigeria’s trade competitiveness as part of efforts to drive economic transformation, create jobs and promote sustainable development.

The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, made this known at the 17th National Council of the Ministry of Industry, Trade and Investment held in Enugu.

According to a statement issued on Thursday in Abuja by the ministry’s Head of Press and Public Relations, Mrs Augustina Obilor-Duru, the minister said Nigeria had recorded more than $50 billion in facilitated Foreign Direct Investment (FDI) commitments, underscoring the government’s renewed focus on industrialisation, investment promotion and trade competitiveness.

Oduwole said the country also achieved $6.1 billion in non-oil exports, while more than ₦600 billion had been disbursed through the Bank of Industry (BoI) to support businesses and economic growth.

She added that over 500,000 Micro, Small and Medium Enterprises (MSMEs) had been registered in the national database, while nearly 300,000 Nigerians had benefited from government-backed skills development programmes.

“These achievements are evidence of the Renewed Hope Agenda and progress toward building a one-trillion-dollar economy,” he said.

The minister said the ministry remained focused on translating ongoing economic reforms into increased production, higher exports, greater investment inflows and more employment opportunities.

She identified the development of industrial clusters, expansion of manufacturing, investment facilitation, digital trade and the implementation of the National Single Window as key priorities for the government.

Oduwole also highlighted stronger intellectual property protection and deeper participation in the African Continental Free Trade Area (AfCFTA) as strategic priorities for enhancing Nigeria’s economic competitiveness.

She urged all implementing agencies to ensure that resolutions reached at the council meeting are backed by clear ownership, defined timelines and measurable outcomes.

Also speaking, the Deputy Governor of Enugu State, Ifeanyi Ossai, called for concerted efforts to address high financing costs, regulatory bottlenecks and limited access to development finance.

Ossai stressed the need for stronger collaboration among governments, financial institutions and the private sector to accelerate industrial growth, attract investment and create employment opportunities.

The Minister of State for Industry, Sen. John Enoh, also reaffirmed the Federal Government’s commitment to implementing the Nigeria Industrial Policy 2025.

X Launches Rebuilt Android App After Year-Long Development to Improve Speed and Reliability

noreply@blogger.com (BrandArena) — Wed, 22 Jul 2026 11:28:02 +0000

X has launched a fully rebuilt version of its Android app following nearly a year of development, introducing faster performance, smoother navigation, improved notifications, and a more reliable experience for users.

The company said the new Android application was rebuilt from the ground up rather than being delivered through a series of incremental updates, making it one of the platform’s biggest engineering projects since Elon Musk acquired the company.

The redesigned app is now available to Android users and focuses on improving key areas of the experience, including loading times, scrolling performance, stability, and overall responsiveness.

The decision to rebuild the Android app came after X recognised that its Android experience had fallen behind its iOS version. In August 2025, X Head of Product Nikita Bier announced that the company was creating a dedicated Android engineering team to redesign the app and improve performance.

The move reflected the importance of Android to X’s global user base, particularly in markets where Google’s mobile operating system dominates smartphone usage.

Later in 2025, Bier pointed to strong growth in Android downloads, highlighting the need to deliver a better experience for millions of users who access the platform through Android devices.

According to Bier, the update represents a complete technical rebuild rather than a simple visual refresh.

“It’s faster, smoother and more reliable. But most of all: it will enable us to build new features at lightning speed,” he said.

Beyond improving speed and reliability, X said the rebuilt Android app provides a stronger technical foundation that will allow developers to introduce new features more efficiently.

The platform has recently expanded beyond traditional social networking with new products and features, including X Money and X Chat, as part of Elon Musk’s ambition to transform X into a broader digital ecosystem.

A more flexible Android architecture could help X deliver these experiences to a wider global audience, particularly in emerging markets where Android devices account for a significant share of smartphone usage.

For years, Android users have reported issues with the X app, including slow loading speeds, inconsistent performance and technical problems affecting everyday features.

Some users previously experienced issues with links from X failing to load posts correctly, highlighting differences between the Android and iOS versions of the platform.

The company hopes the rebuilt app will resolve many of these concerns by improving stability and delivering a smoother overall user experience.

However, Bier said development work is continuing, with further improvements planned, including better optimisation for older Android devices and support for Spaces, X’s live audio feature.

X confirmed that additional features will be introduced to Android users in the future, including its new video editor, react-with-video functionality, cashtags, and custom timelines.

The updates form part of the company’s wider strategy to ensure Android users have access to the full range of features available across the platform.

Existing Android users can access the updated experience by updating the X app through the Google Play Store.

With the rebuilt Android application, X is aiming to improve user satisfaction while creating a stronger foundation for faster product development as it continues its transformation from a social media platform into a broader digital ecosystem.

FAAC Shares N2.55 Trillion Among Federal, State and Local Governments for June

noreply@blogger.com (BrandArena) — Wed, 22 Jul 2026 11:22:07 +0000

The Federation Account Allocation Committee (FAAC) has shared N2.550 trillion among the Federal Government, states, and local government councils as distributable revenue for June.

Mr Bawa Mokwa, the Director of Press and Public Relations at the Office of the Accountant-General of the Federation (OAGF), disclosed this in a statement issued on Wednesday in Abuja.

Mokwa said the revenue allocation was approved during the committee’s July meeting.

According to him, the N2.550 trillion shared among the three tiers of government comprised N1.809 trillion from statutory revenue and N740.724 billion from Value Added Tax (VAT).

He said the FAAC communiqué showed that a gross revenue of N4.500 trillion was available for the month under review.

Mokwa explained that total deductions for the cost of collection amounted to N160.744 billion, while transfers and refunds stood at N1.789 trillion.

The communiqué revealed that statutory revenue generated in June stood at N3.700 trillion, representing an increase of N1.049 trillion compared with the N2.651 trillion recorded in May.

The director added that VAT revenue available for distribution in June was N799.746 billion, higher than the N743.688 billion recorded in the previous month by N56.078 billion.

From the total distributable revenue of N2.550 trillion, the Federal Government received N923.438 billion, state governments received N838.208 billion, while local government councils received N591.390 billion.

A total of N197.610 billion, representing 13 per cent derivation revenue from mineral resources, was also shared among benefiting states.

On the N1.809 trillion statutory revenue component, the communiqué stated that the Federal Government received N849.366 billion, while states received N430.810 billion.

Local government councils received N332.136 billion, with the benefiting states receiving N197.610 billion as 13 per cent mineral revenue derivation.

Mokwa further stated that from the N740.724 billion VAT revenue, the Federal Government received N74.072 billion, state governments received N407.398 billion, and local government councils received N259.253 billion.

He added that revenue from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duty Tax (SDT), petroleum royalties, gas flaring penalties, rental income and related revenue sources increased significantly in June.

According to him, Import Duty and Common External Tariff (CET) levies also recorded significant increases, while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), mineral royalties and fees declined considerably during the period.

Aggreko Appoints Nigel Greatorex as Nigeria General Manager to Drive Growth in Energy Market

noreply@blogger.com (BrandArena) — Wed, 22 Jul 2026 11:17:24 +0000

Aggreko, a global energy solutions provider, has strengthened its commitment to Nigeria with the appointment of Nigel Greatorex as General Manager for Nigeria, as the company intensifies its focus on one of Africa’s most important energy markets.

Greatorex assumed leadership of Aggreko’s Nigeria operations in early June, bringing more than 30 years of international experience spanning the energy, utilities, oil and gas, petrochemical and industrial sectors. His appointment comes as the company expands its operations in Nigeria and enhances its ability to deliver reliable, flexible and sustainable energy solutions to businesses across the country.

Nigeria remains one of Africa’s largest and most dynamic economies, with increasing demand for dependable power solutions across key sectors, including oil and gas, manufacturing, mining, infrastructure and commercial operations. As organisations seek more resilient energy solutions to support business continuity and sustainability goals, Aggreko aims to play a greater role in supporting industrial growth and economic development.

Greatorex brings extensive global and African energy experience to the role. He joins Aggreko from ABB, where he served as Global Industry Business Manager for Carbon Capture and Storage, leading strategy and growth initiatives focused on energy transition technologies and decarbonisation.

Having worked across several African markets, including Nigeria, Greatorex has gained valuable insight into the opportunities and challenges businesses face within the region’s evolving energy landscape. Throughout his career, he has held several senior leadership roles, driving business transformation, operational improvements and market expansion in complex and competitive environments.

Commenting on the appointment, Edith Kikonyogo, Managing Director of Aggreko Africa said: "Nigeria is a key part of our growth strategy across Africa. Nigel's appointment reflects our commitment to investing in leadership and strengthening our presence in the country. His extensive industry experience, proven leadership capabilities and deep understanding of the African energy landscape make him ideally positioned to lead the next phase of our growth in Nigeria."

Greatorex said he was excited to join Aggreko at a pivotal moment for both the company and the Nigerian market.

"Nigeria presents tremendous opportunities for innovation, growth and partnership. I am delighted to be joining Aggreko as the company strengthens its commitment to the country and its customers. Aggreko has a strong reputation for delivering critical energy solutions that help businesses overcome challenges and unlock new opportunities. I look forward to working with our customers, partners and team to build on that legacy and support Nigeria's continued development."

The appointment highlights Aggreko’s confidence in Nigeria’s long-term economic prospects and its commitment to helping organisations address changing energy demands through flexible, efficient and sustainable power solutions.

As the company continues to grow its presence in Nigeria, Aggreko remains focused on providing the expertise, technology and local support required to help businesses operate successfully in an increasingly complex energy environment.

PawaPay Named One of CNBC and Statista’s World’s Top Fintech Companies 2026

noreply@blogger.com (BrandArena) — Wed, 22 Jul 2026 11:11:00 +0000

PawaPay, a leading pan-African payments infrastructure provider, has been named one of the World’s Top Fintech Companies 2026 by CNBC and Statista. The recognition follows a year in which the company surpassed three billion mobile money transactions while continuing to help businesses access mobile money across 20 African markets through a single integration.

Now in its fourth edition, the World’s Top Fintech Companies list is compiled by CNBC in partnership with research firm Statista. The ranking delivers a rigorous, data-driven benchmark of fintech companies across key fintech segments worldwide, recognising businesses using technology, innovation, and scalable digital solutions to improve the future of financial services. For the 2026 edition, more than 3,500 global fintech companies were assessed, with 500 making the final list.

Nikolai Barnwell, CEO of PawaPay, said “This recognition is another sign that African payments infrastructure is earning the global attention it deserves. Mobile money is one of the world's most successful payment systems, with more than $1.4 trillion in transactions processed across the continent last year, yet many businesses outside Africa still underestimate both its scale and sophistication.

Businesses want to grow across Africa, not spend their time building and maintaining payments infrastructure in every market they enter. Our job is to make that simple through a single platform that businesses can rely on. It is encouraging to see that approach recognised on a global stage”

The company serves merchants across sectors including remittance, transport, digital services and humanitarian aid, with clients such as GiveDirectly and Deriv relying on mobile money to reach customers across African markets.

As more global businesses expand across Africa, demand for reliable, compliant payments infrastructure continues to grow. PawaPay is continuing to expand its regulated footprint across the continent, with further licence applications underway to support the next phase of growth.

Moonshot 2026 to Bring OpenAI Africa, Flutterwave and SEC Together to Shape Africa’s Next Technology Era

noreply@blogger.com (BrandArena) — Wed, 22 Jul 2026 11:06:10 +0000

Moonshot by TechCabal has announced the first set of speakers for its 2026 pan-African technology conference, bringing together leading founders, investors, policymakers and innovators to discuss the future of Africa’s technology ecosystem.

The fourth edition of Moonshot will take place at the National Theatre in Lagos on October 28 and 29, 2026, under the theme “Courage & Conviction: Building for a New World.”

As African technology moves from a phase of resilience and survival into a period of greater ambition, the conference aims to explore what it will take for businesses and institutions on the continent to compete globally, create lasting value and drive innovation.

Confirmed speakers for Moonshot 2026 include Idorenyin Obong, CEO and co-founder of Grey; Emmanuel Lubanzadio, Africa Lead at OpenAI; Olugbenga “GB” Agboola, Founder and CEO of Flutterwave; Dr Emomotimi Agama,

Director-General of Nigeria’s Securities and Exchange Commission; Ashley Lewis, Managing Partner and Head of DPI Venture Capital; Rukky Ladoja, Founder and Creative Director of Dye Lab; Sim Shagaya, Group CEO of The uLesson Group; Karl Toriola, CEO of MTN Nigeria; and Tatiana Ndlovu, Executive Head Marketing at Nedbank Africa.

Moonshot

The speakers, drawn from technology, finance, regulation, investment and creative industries, will lead discussions focused on how African innovators can move beyond participating in the global technology economy to becoming leaders in building solutions with global relevance.

Idorenyin Obong, CEO and co-founder of Grey, said: “Building for a new world requires more than bold ideas; it requires collaboration across industries, disciplines and markets. Moonshot creates an important platform for the conversations and partnerships that will shape the future of Africa's innovation ecosystem, and we’re proud to support a community of founders, investors and builders who are creating solutions with both local relevance and global ambition.”

Speaking on Moonshot 2026, Tomiwa Aladekomo, CEO of Big Cabal Media, said: “The corner has been turned. African tech has proven it can survive funding corrections, geopolitical shifts and market recalibrations. The question now is whether we build with the courage to own more of the value we create, not just adapt to a world that keeps changing around us. Moonshot 2026 is where we ask the ecosystem to be brave again, to back bold bets, design from first principles, and build things that can compete globally and last.”

The conference will feature nine content tracks covering Emerging Tech, Future of Commerce, Big Tech & Enterprise, Government & Policy, FUEL: The Investor Conference, Creative Economy, Clean Tech & Climate, Startup Festival and Entering Tech.

Discussions will focus on key areas shaping Africa’s future, including artificial intelligence, climate innovation, infrastructure, commerce and the development of Africa-first technologies. The programme will examine how founders, investors and policymakers can make bold decisions, build sustainable institutions and create companies designed for long-term impact.

Moonshot 2026 will bring together technology leaders, entrepreneurs, investors, policymakers, operators and creatives to explore partnerships and strategies that can help Africa take greater ownership of critical infrastructure and strengthen its position as a global technology hub.

Since launching in 2023, Moonshot by TechCabal has grown into one of Africa’s leading technology gatherings, attracting more than 7,500 founders, investors, policymakers, operators and creatives from over 20 countries.

The 2026 edition is supported by Breet, Flutterwave, OPay and Raenest. Additional speakers and programme details will be announced in the coming weeks.

Global consumer agentic AI spending to hit $3.35 trillion by 2030 as AI agents reshape buying decisions

noreply@blogger.com (BrandArena) — Wed, 22 Jul 2026 10:59:55 +0000

Global consumer spending influenced by artificial intelligence (AI) agents is expected to reach $3.35 trillion by 2030, representing 3.8% of worldwide consumer expenditure, according to new research from PHD and WARC.

The figure marks a significant rise from the estimated $944 billion in agent-facilitated consumer spending this year, equivalent to 1.3% of global consumer spending, as AI agents increasingly influence how consumers discover, compare, and purchase products and services.

The research, titled From abundance to agents – how the delegation of choice is transforming marketing, highlights how AI agents are becoming critical decision-making tools in a marketplace where consumers face more information, content, and choices than they can effectively manage.

Rather than replacing consumers entirely, AI agents are expected to increasingly support purchasing decisions by filtering options, creating recommendations, handling repetitive tasks, and managing complex transactions.

The study forecasts that the top 10 global markets will account for 67.9% of worldwide consumer agentic AI spending by 2030, with the United States maintaining the largest share at 31.9%.

Telecommunications and utilities, financial services, and travel and transport are expected to become the leading sectors for agent-to-agent transactions as businesses increasingly integrate AI into customer journeys.

Rohan Tambyrajah, Worldwide Chief Strategy Officer, PHD, said: "This research brings category level empiricism to the open-ended industry conversation about the growth opportunity with consumer facing AI and Agentic AI. It underscores the need for brands to design for both meaning and machine logic, and through Four Modes Framework offers marketers practical guidance on how best to implement against a category-level business case."

James McDonald, Director of Data, Intelligence & Forecasting, WARC, and author of the research, said: “This landmark study finds that agentic AI is already facilitating the path to purchase for many consumers, and will become deeply embedded over the coming years to influence $3.35trn in household expenditure by 2030.

“This is true not just in high-frequency categories such as travel, CPG, and utilities, but increasingly more so in sectors that have traditionally leveraged brand marketing as a core strategy. By mapping adoption across product sectors, markets and media, our research ensures practitioners are not caught flat-footed as they approach the new frontier.”

US, China and UK set to lead AI-driven consumer spending

The research analysed 10 major markets, including Australia, Brazil, China, France, Germany, India, Mexico, South Korea, the UK and the US, using data from Acxiom and a weighted index methodology.

The analysis considered factors including decision complexity, transaction value, purchase frequency, data availability, media mix, and market regulation to estimate the future impact of AI-driven purchasing.

The leading markets for agentic AI consumer spending in 2030 are expected to be:

United States: The US will remain the largest market, accounting for $1.1 trillion, or 31.9% of global agentic AI spending. Growth will be driven by high consumer adoption of digital commerce and strong investment from brands developing AI-powered customer experiences.

China: China will rank second with $505.8 billion, representing 15.1% of global spending, supported by advanced digital ecosystems, platform integration, and consumer readiness for automated commerce.

United Kingdom: The UK is expected to capture 3.9% of global agentic AI spending, reaching $131.2 billion, supported by AI investment, technical expertise, and government-backed transformation initiatives.

AI agents to transform sectors differently

The report introduces PHD’s Four Modes Framework, which explores how businesses must adapt as AI agents become increasingly involved in consumer decisions.

The framework identifies four ways AI will influence purchasing: Agent-to-Agent, Agent-to-Consumer, Brand-to-Consumer, and Consumer-to-Consumer.

According to the research, agentic AI adoption will be strongest in industries where purchases are frequent, data-rich, measurable, and suitable for automation.

Telecoms, utilities, finance and travel lead agent-to-agent transactions

Telecoms and utilities are expected to experience the biggest impact, with AI-facilitated spending projected to grow 611.9%, from $57.6 billion in 2026 to $410.3 billion by 2030.

The sector is well suited to AI delegation because of information-heavy decisions, regular billing cycles, and comparison-based switching behaviour.

Financial services will see agent-assisted consumer spending increase 235.3% to $237.9 billion by 2030. While consumers may remain cautious about fully delegating financial decisions, AI agents will increasingly support research, comparisons, and recommendations.

Travel and transport will also experience significant growth, with agent-facilitated spending expected to rise 252.8% from $78.1 billion in 2026 to $275.6 billion in 2030 as AI agents manage travel searches, planning, and bookings.

Retail, food and media to see rapid AI adoption

In consumer-focused categories, AI agents will increasingly influence everyday purchases.

Soft drinks are expected to see agent-influenced spending grow 403.5%, rising from $60.5 billion in 2026 to $304.8 billion by 2030, driven by automated replenishment and price optimisation.

Food spending influenced by AI agents is forecast to increase 274.8%, from $78.1 billion in 2026 to $292.8 billion by 2030, due to frequent purchases and straightforward decision-making.

Media and publishing will remain one of the most digitally influenced sectors, with agentic AI spending projected to grow 401.8%, from $73.3 billion to $367.8 billion by 2030, supported by personalised recommendations, subscriptions, and content discovery.

Retail will also experience major change, with agent-facilitated spending expected to increase 218.7%, from $62.7 billion in 2026 to $199.9 billion by 2030.

The report warns that retailers must ensure they remain part of the customer journey rather than becoming only fulfilment providers behind AI-driven shopping decisions.

Brand differentiation remains critical in AI era

While AI agents will influence many consumer decisions, the research suggests that some categories will remain more dependent on human trust and emotional connection.

High-value purchases such as automobiles and electronics, as well as privacy-sensitive sectors including healthcare and pharmaceuticals, are expected to see slower AI delegation due to trust considerations.

Similarly, categories such as clothing, accessories, toiletries, and cosmetics will continue to rely heavily on human influence, creators, and word-of-mouth recommendations, although AI will still play a supporting role.

Brands must prepare for marketing to machines

The research concludes that brands will need new capabilities to succeed in an AI-led marketplace.

Key requirements include:

Building strong, structured, machine-readable data foundations.
Developing distinctive brand assets that stand out in AI-driven recommendations.
Creating consistent brand stories that appeal to both consumers and AI interfaces.
Ensuring products and services remain visible and relevant within automated decision-making systems.

As AI agents become more embedded in everyday purchasing, brands will need to optimise not only for human attention but also for machine understanding.

Djalal Khimdjee appointed CEO of the Africa50 Principal Investment Fund

noreply@blogger.com (BrandArena) — Wed, 22 Jul 2026 10:38:44 +0000

Africa50, the specialist investor in African infrastructure, has announced the appointment of Djalal Khimdjee as Chief Executive Officer of its Africa50 Principal Investment Fund (formerly Africa50 Project Finance), effective 1 August 2026.

With more than 25 years of experience spanning infrastructure investment, executive leadership and development finance, Djalal Khimdjee will lead the Fund through its next phase of growth, scaling a disciplined investment fund that delivers sustainable financial returns, while accelerating infrastructure development and economic transformation across Africa.

He joins Africa50 from Proparco, the private sector financing arm of the French Development Agency Group (AFD), where he served as Deputy Chief Executive Officer, and helped shape one of the leading development finance institutions. During his 8-year tenure, he led strategy execution, investment delivery and portfolio management, contributing to the expansion of annual investments from €1.4 billion to €2.5 billion and assets under management from €5 billion to €7.5 billion.

Mr. Khimdjee previously held leadership and investment positions within the AFD Group and the International Finance Corporation (IFC), building more than two decades of experience financing infrastructure and private sector development across emerging markets throughout Africa, Middle East, Asia and Latin America.

Reflecting on his appointment, Mr. Khimdjee said, "Africa's infrastructure gap is one of the defining challenges - and one of the most compelling investment opportunities of the coming decades, particularly as the continent is projected to be home to nearly 40% of the world's population by the end of the century. I am delighted to join Africa50 at this important stage of its growth and look forward to working with the team, shareholders, partners, and investors to accelerate the delivery of transformative infrastructure projects that generate long-term impact across the continent."

Commenting on the appointment, Alain Ebobissé, Group Chief Executive Officer of Africa50, said, “Djalal brings an exceptional combination of investment expertise, strategic vision, and extensive experience mobilizing capital for infrastructure across Africa and emerging markets. His appointment reinforces Africa50’s ambition to scale its investment platform, deepen partnerships with institutional investors, and accelerate the delivery of transformative infrastructure that strengthens Africa’s growth, resilience, and competitiveness. We are delighted to welcome Djalal to the Africa50 leadership team.”

The appointment comes as Africa50 continues to expand its role as a leading infrastructure investor, developing and investing in projects that address Africa's infrastructure deficit while attracting long-term institutional capital to the continent.