- MainOne, SAP to Provide Enterprise Solutions for W’Africa
Mainone says it is collaborating with its Tier III data centre, MDXi, and SAP to deliver high-quality cloud and infrastructure operation services for customers running SAP solutions in West Africa.
SAP is a provider of enterprise applications for software and software-related services.
MDXi, which was recently certified by SAP for infrastructure operation services for its solutions, will now be able to host SAP applications for Nigerian businesses, by utilising the company’s in-country enterprise cloud platforms across its private, public and hybrid cloud solutions on a pay-as-you-go basis, according to MainOne.
Speaking during the joint product launch in Lagos, the Chief Executive Officer of MainOne, Funke Opeke, said that the ability of MDXi to host and run in-country SAP applications was a game-changer for Nigerian businesses as it would reduce the barriers to leveraging world-class technology during this economic recession.
According to her, this will improve the ease of deployment and ongoing availability of SAP’s suite of enterprise applications to Nigerian companies, with the added advantage of paying in naira.
“Previously, businesses that required enterprise applications from software manufacturers such as SAP had to purchase and install their own hardware in their own data centre, or would have to run the software in data centres outside the country with the attendant issues of forex scarcity and application latency, among others,” Opeke said.
She said, “With our partnership with SAP, businesses in Nigeria can now host their SAP applications in the cloud, locally and on our MDXi SAP certified platform.
“This will speed up time to deploy SAP applications, guarantee a robust operational environment from day one and assure cost-effective subscription charges, backed by premium customer support.”
The Managing Director, SAP West Africa, Kudzai Danha, said, “More than ever, SAP Africa is excited about the certification of MainOne’s data centre as the first infrastructure operation services partner in Nigeria. This means MDXi is now ready and well positioned to support SAP customers who want to innovate and redesign their business processes.
“The current market demand attracts business applications that are simple and fast, and cloud technology presents the market with such great business opportunities.”
Aliko Dangote Remains Africa’s Richest Man With $12.1 Billion Net Worth -Forbes
Nigerian industrialist, Aliko Dangote, is Africa’s richest person for the tenth year in a row.
In the Forbes Africa latest billionaires list, Dangote’s total net worth stood at $12.1 billion, a $2 billion increment when compared to last year. Thanks to the 30 percent increase in the price of Dangote Cement share.
Nassef Sawiris of Egypt followed Dangote with $8.5 billion net worth with the majority of his investments coming from construction and other investments.
In third place was Nicky Oppenheimer of South Africa with an $8 billion total net worth.
Portland Paints, Chemical and Allied Products Plc Agreed to Merge
Portland Paints and Products Nigeria Plc and Chemical and Allied Products Plc have agreed to merge, according to the latest statement from both companies.
In a statement released through the Nigerian Stock Exchange, the Board of Directors of CAP said we are “pleased to inform you that following discussions and negotiations, the Boards of CAP and Portland Paints have reached an agreement to undertake a merger between both entities (the “Merger” or the “Proposed Merger”).
Accordingly, we “hereby present to you the terms and benefits of the Proposed Merger for your consideration and seek your support and approval to effect the Proposed Merger.
“The Proposed Merger presents a compelling opportunity to create significant value for shareholders of CAP and achieve the company’s strategic growth objectives as a larger company with a broader product portfolio, more corporate owned brands and diversified revenues.
“The resultant entity is also expected to benefit from enhanced distribution capabilities in addition to economies of scale and operational efficiencies.”
Tony Elumelu Acquires Shell, Total, ENI Stakes in OML 17
Tony Elumelu owned Heir Holdings Limited and its related company Transnational Corporation of Nigeria Plc on Friday announced it has completed the purchase of 45 percent stake in Oil Mining Lease (OML 17) through TNOG Oil and Gas Limited.
The acquisition includes all assets of Shell Petroleum Development Company of Nigeria Limited (30 Percent), Total E&P Nigeria Ltd (10 percent) and ENI (five percent) — in the lease.
It was further stated that TNOG Oil and Gas Limited will also have the sole right to operate OML 17.
The field presently has a production capacity of 27,000 barrels per day. Also, there are estimated 2P reserves (proven and probable) of 1.2 billion barrels and an additional one billion barrels in possible reserves — all of oil equivalent.
A consortium of global and regional banks and investors provided a financing component of $1.1 billion for the largest oil and gas financing in Africa in over a decade.
In a statement released on Friday, Shell said the completion was after all the necessary approvals have were received from authorities.
“A total of $453m was paid at completion with the balance to be paid over an agreed period. SPDC will retain its interest in the Port Harcourt Industrial and Residential Areas, which fall within the lease area,” the SPDC said.
Speaking after the completion of the deal, Elumelu said “We have a very clear vision: creating Africa’s first integrated energy multinational, a global quality business, uniquely focused on Africa and Africa’s energy needs. The acquisition of such a high-quality asset, with significant potential for further growth, is a strong statement of our confidence in Nigeria, the Nigerian oil and gas sector and a tribute to the extremely high-quality management team that we have assembled.
“As a Nigerian, and more particularly an indigene of the Niger Delta region, I understand well our responsibilities that come with stewardship of the asset, our engagement with communities and the strategic importance of the oil and gas sector in Nigeria. We see significant benefits from integrating our production, with our ability to power Nigeria, through Transcorp, and deliver value across the energy value chain.
“I would like to thank Shell, Total and ENI, for the professionalism of the process, the Federal Government of Nigeria, the Ministry of Petroleum Resources, and the NNPC for the confidence they have placed in us.”
Tony Elumelu is the Chairman of Heirs Holdings Limited, Transcorp and United Bank for Africa Plc.
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