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Global Investments in Public Security to Hit $8bn By 2019

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A recent research report released by IHS has shown that more companies are investing in public security for a smarter and safer society. The report said the global investment in public security solutions has exceeded $5.5 billion and estimated that the number would increase to $8 billion by 2019.

Huawei, a global Information and Communications Technology (ICT) solutions provider, is one company that is creating global awareness on smarter and safer society for the entire globe and it has officially unveiled its Integrated Communication Platform (ICP) that will boost smarter and safer society.

The solution, which was launched at the recently concluded Huawei Connect 2016 Global Safe City Summit in Shanghai, China, is a new addition to Huawei’s range of Safe City solutions featuring extensive connectivity and high visibility. The platform can pick up alerts from various channels via social media, Internet of Things (IoT) and can also quickly and extensively access videos. It enables fast response and handling of security alerts, streamlined coordination of different first responder departments, and granular, informed command decisions.

The solution, according to Huawei, would make cities safer for people.

The Global Safe City Summit attracted over 1,500 attendees from government departments, standards organisations, consultancy firms, and Huawei’s industry partners. The summit featured discussions on the use of innovative technologies such as cloud computing, Internet of Things, mobile broadband, and video. Participants said the security industry must become smarter and cloud-based to develop proactive, integrated, fully visualised safe city systems.

Speaking on how the solution can shape the world, President of InterPol, and Commissioner of the Singapore Police, Khoo Boon Hui, said across the world, police and security agencies recognise that traditional security analogue practices no longer meet the needs of modern cities.

“In today’s digital economy, a variety of new security threats have emerged. We need to evolve from building urban security systems to enhancing collaborative public security. We must keep pace with rapid societal and technological changes, and improve security arrangements for inter-agency collaboration as well as deepen police-public cooperation,” Hui said.

According to him, technologies such as IoT, LTE, cloud, and big data analytics help security agencies to quickly develop strategies, improve security infrastructure, and control costs.

The Director for Security and Critical Communications Research at IHS, Thomas Lynch believes the key to a safe city is the free flow of data.

“New technologies can deliver more efficient emergency services and faster threat response,” Lynch said.

The Kenya government is a trailblazer in the security industry, and has extensive experience implementing safe city solutions, according to iC3 Director, National Police Service, Ministry of Interior and Coordination of National Government, Kenya, Mr. Francis Gachina Gatuthu. He explained that the Kenya government made a significant commitment to improving public order over the past few years. The command centres’ eLTE system gives it access to close circuit television (CCTV) coverage of major events and urban districts, so that it can respond to incidents with speed and precision.

He said: “The Kenya Government is modernisng communications in the National Police Service as per the vision 2030 on security sector. Figures supplied by Kenya Police Dept’s 2015 annual report show that since the introduction of the new system, the crime rate in Kenya has dropped significantly, and tourism has also picked up considerably.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Finance

Global Deal Activity Down by 4.5% in October 2020

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A total of 6,304 deals were announced globally during October 2020, which is a decrease of 4.5% over the 6,598 deals announced during September, according to GlobalData, a leading data, and analytics company. An analysis of GlobalData’s Financial Deals Database revealed that the deal volume during October remained below the monthly average of Q3 2020.

Aurojyoti Bose, the Lead Analyst at GlobalData, comments: “After demonstrating growth for four consecutive months, the deal volume shrank in October. The decline in deal activity could be attributed to inconsistencies across different regions. The APAC region remained a weak spot, while deal activity remained mostly flat in North America, and the Middle East and Africa (MEA) region witnessed growth in deal activity.”

North America attracted the highest number of investments, followed by APAC, Europe, the MEA, and South, and Central America.

The uncertain global economic landscape lowered the deal volume in October for major markets such as the US, Germany, Australia, France, India, and China compared to the previous month. On the contrary, the UK, Japan, South Korea, and Canada saw growth of 15.6%,14.9%, 3.8%, and 2.2%, respectively, in October as compared to September’s deal volume.

Bose continued: “Most of the deal types witnessed a decline in volume during October compared to the previous month. Private equity, equity offerings, venture financing, debt offerings, and partnership deals volume decreased by a respective 2.4%, 9.1%, 9.8%, 14.6%, and 24.6% – while the deal volume for mergers and acquisitions (M&A) increased by 7.2%.”

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Japaul to Invest in Chinese Firm H&H to Deepen Mining and Exploration Business

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Japaul Gold & Ventures Plc (Japaul), formerly known as Japaul Oil and Maritime Services Plc, announced it has gotten approval in principle from H&H Mines Limited to invest in or acquire shares in the company once it concluded its fundraising exercise.

According to a statement released through the Nigerian Stock Exchange (NSE), H&H Mines Limited has several licenses, which include two major Mining Leases for 25 years renewable.

The statement noted that extensive exploration has been done on the Mining properties and the last lap of the exploration works is core drilling. This, it said will allow Japaul knows the measured Minerals Reserve contained in the Mine, which it claimed contain Gold, Silver, Lead, Zinc, etc.

Japaul further explained that the need to get the drilling done was what led H&H Mining to engage the services of Xiang Hui International Mining Company Nigeria.

“Since Japaul will eventually be part of H&H Mines Limited, it was necessary that Japaul is carried along on the kind of Contract of Drilling to be entered into, and that was why the signing of the Drilling Contract between the Chinese Company and H&H Mines Limited was concluded at Japaul’s Head Office,” the company stated.

The drilling is expected to be concluded in the next 12 months and within this time, Japaul is expected to have concluded the Fund Raising and formalise her involvement in the Mining.

The company added that Canadian reports revealed that there are huge gold, silver, lead, etc deposits, but it is drilling that will show the actual reserve.

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Africa Investment Forum (AIF) Rescheduled to Hold in 2021 – AfDB

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Investment Forum to Now Hold in 2021 in a Bid to Curb Possible Second Wave of COVID-19  

The Africa Investment Forum scheduled to hold in November 2020 in Johannesburg, South Africa has been rescheduled to hold in2021 as a result of the ongoing global health pandemic.

This announcement was made in a statement by AfDB on Wednesday. The African Development Bank (AfDB) and the Africa Investment Forum founding partners agreed to the postponement of the annual three-day investment market place.

Considering the negative effect of Covid-19 on the global economy, agreement by the two bodies was made after a careful assessment of the impact of COVID-19 on global travels, investments, observing the social distancing rules and curbing the likely possible risk of a second wave.

In the statement, the bank stated that through the forum innovative digital platforms, it would track investments, source for new deals, progress on financial closure of transactions and other existing deals.

“At the 2019 Africa Investment Forum, 57 deals valued at $67.7bn were tabled for discussions. Fifty-two deals worth $40.1bn secured investment interest.

“In July this year, the AIF Founding partners pledged to strengthen strategic partnership engagement and commitments for Africa Investment Forum Market Days 2021, to help ‘reboot investments in Africa.’ They underscored the need to boost local manufacturing while leveraging the continent’s vast resources to unlock investment.”

In the statement, Africa Investment Forum objectives are achieved through the forum’s four pillars; Closing, Connecting, Engaging and Investment Tracking.

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