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Hyundai Slashes Prices of Nigeria-made Vehicles

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Hyundai Motors Nigeria
  • Hyundai Slashes Prices of Nigeria-made Vehicles

Hyundai Motors Nigeria Limited says it has cut the prices of its locally made vehicles in the B-segment, in a move expected to increase the number of brand new small vehicles on the nation’s road.

A statement by the company’s spokesman, Mr. Santhosh Nair, said a starting price offer of N2,695,000 had been announced for Hyundai cars in that category as part of the 2017 Hyundai Grand Savings Bonanza.

The statement quoted the Head, Sales and Marketing of the company, Mr. Jatin Nadkarni, as saying this had been restricted to select models such as Hyundai i10, Grand Xcent and Accent.

He added that this could be extended to other models in the Hyundai line-up.

He said, “Stallion Hyundai Motors Nigeria is determined to cushion imminent scarcity of functional B segment cars and mitigate price increase of cars owing to last year’s prohibition of used vehicle import through the land borders. The offer also gives customers to buy the desired Hyundai models during this Easter festive season.”

Nadkarni said, “Buyers of these three homemade models are offered free registration and free service for six months or 10,000km, whichever is earlier.

“Even though the promo is a limited period offer and subject to availability, the incentives are in addition to Hyundai standard three-year or 100,000km warranty for i10 and Grand Xcent, and five-year or 100,000km warranty for Accent.”

According to the statement, Hyundai Grand Xcent, i10 and Accent cars are assembled in Nigeria at the Hyundai Motors plant in Lagos.

Giving a few features of some of the vehicles, it said the Grand Xcent had been powered by 1.25-litre engine mated to a five-speed manual and four-speed automatic transmission. It was said to be admirable for daily travels with an entirely new level of art with comfortable and spacious cabin.

“On the other hand, the Hyundai i10 is a city car with a five-door hatchback body style, powered by 1.0-litre engine and comes with front electric windows, ABS, air-conditioning and an RDS radio/CD player,” it added.

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.

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Canon Gets Closer to Inspire Creative Communities Across Africa

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canon - Investors King

Canon Central and North Africa (CCNA) is inviting film and photography communities across Africa to connect and collaborate. They are excited to announce the first three: SYNC School in Cairo, Egypt; Peexoo, a Nigerian photography hub, and the Photographers’ Association of Kenya (PAK). More are welcome as the global imaging leaders would like to develop creative collaborations in every country in the region.

Canon has been a long-standing supporter of film and photography education groups. These relationships can now go deeper by sharing Canon expertise, knowledge and technology, with regular masterclasses, training opportunities, photo booths and competitions.

Canon is committed to build closer ties with its customers and the collaborations are a way to inspire and enrich the next generation of image-makers. “Our mission is to empower people to see the bigger picture, on a grand yet local level,” explains Amine Djouahra, sales and marketing director for Canon Central & North Africa. “In this rapidly changing, image-based culture, we want to explore new and innovative ideas with a wider audience.”

There has been an enthusiastic response: “SYNC is a community based school of 94,000 for creatives in Egypt with photographers, filmmakers and content creators. We are thrilled to build this relationship with Canon and learn, grow and create together,” said SYNC’s founder and creative director, Mustafa Sharara.

Peexoo, a photography hub powered by artificial intelligence, brings together 2,000+ photographers and videographers from across Nigeria. “We change perceptions through film and photography,” said Peexoo Co-Founder, tech-preneur Steven Kelechi Nwadike. “We are ecstatic that Canon is joining us on this journey.”

The Professional Photographers’ Association of Kenya (PAK) is the leading photographic society in the country, representing professionals, amateurs and hobbyists. “We are proud to partner with Canon at this time, a collaboration which will uplift, inspire and encourage our photographic community,” said Victor Otieno, PAK Treasurer.

Through the collaborations, community members gain exclusive access to masterclasses with Canon ambassadors including Emmanuel Oyeleke and Yagazi Emezi who will present a masterclass to Peexoo members and Menna Hossam who will present “Fine art and fashion photographer: Challenges of this genre & the future of creating enchanting images in the era of social media”, to SYNC School members.

Regular competitions will be used to challenge and inspire with exciting prizes such as Canon’s mini phone-to-printer Zoemini, the portable Selphy and the G-Series printers, as well as a compact Powershot SX720 and mirrorless M50 cameras.

Hands-on ‘touch and try’ sessions with cutting-edge Canon R system technology, EOS cameras and lenses are in the plan with special, members-only discounts available on Canon equipment.

Canon’s interest in developing and recognising excellence both in amateur and professional photographers goes beyond this. The Canon Future Focus programme for students is in its fifth year and the inaugural Redline Challenge for amateur photographers received great response in entries from African region.

“We believe in enriching local creatives and welcome the opportunity to connect and support the next generation of visual storytellers. By investing expertise, technology and opportunities in them, we hope to enhance their art, skills and future careers,” said Amine Djouahra.

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Cyberattack Volume Grew in 78% of Businesses Globally, Remote Working Main Catalyst

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Cyber Security - Investors King
Data presented by the Atlas VPN team reveals that 78% of businesses globally experienced an increase in the volume of cyberattacks because of a shift towards remote work.
Even though social media platforms are flooded with news of companies proudly presenting the fact that they are permanently shifting to a remote-work environment, they usually do not mention the fact that the pivot has created major issues for their security.
Unpatched personal devices, erratic employee behavior, and inadequately protected home networks create many loopholes for threat actors to exploit.
Carbon Black, a company that provides workload protection services surveyed 3,542 CIOs, CTOs, and CISOs to find out if WFH (work from home) resulted in an increase in cyberattacks. Respondents were from various industries and 14 different countries. The survey was published in June 2021. Here, we will analyze the increase in attacks on a country-by-country basis.
The study shows that a whopping 96% of enterprises in France saw a significant increase in the number of attacks due to the shift to a WFH environment.
The second most affected country is Australia, where 89% of cybersecurity professionals reported that attacks increased due to employees working remotely. The United Kingdom and Japan share third and fourth place, with 86% of respondents stating that they noticed a significant jump in cyber threats in the past year.
As many as 84% of businesses in Saudi Arabia, 83% in the Netherlands, 82% in Singapore, and 80% in the United Arab Emirates said that attacks jumped substantially. Canada is in line with the global average, where 78% of enterprises reported a growth in the cyberattack volume.
Interestingly, the United States is at the lower side of the scale, with 63% of cybersecurity professionals reporting an increase in cyber threats in the past year.

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Kuda Provides Funding Opportunities for Startups

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Kuda Microfinance Bank - Investors King

Kuda Technologies has said it is opening up new funding opportunities for startups.

It said this on Tuesday in a statement titled ‘ Target Global and Kuda host startup founders in Nigeria, open up new funding opportunities’.

It said Target Global, a Berlin-based international venture capital firm with over 1.5 billion euros in assets under management, recently brought together founders of several Nigerian startups and local tech investors at an interactive session in Lagos, Nigeria.

According to the statement, Kuda Technologies is Target Global’s first investment in Africa, which is a proof that early-stage Nigerian startups are attracting foreign direct investment.

It said the event, co-hosted by Kuda Technologies, highlighted the growing stream of foreign direct investment into Nigeria’s startup scene and opened up new avenues for fundraising to local founders.

Speaking at the event, a Partner at Target Global, Ricardo Schaefer, reiterated the firm’s commitment to funding Nigerian startups.

He said, “I’m grateful to Kuda for letting us invest and I am very excited, not just because of Kuda, but also because of all the companies and founders I have met in Nigeria.

“It is historic what is happening in tech here and we [Target Global] want to invest more in Nigeria, we want to spend more time here. We are excited about any founder with big ambitions and we are looking for startups with big outcomes.”

The statement said Target Global led Kuda’s record-setting $10m seed round in November 2020, which helped to put the digital-led bank on the world map as a serious challenger to traditional banks in emerging markets.

Kuda had since raised an additional $25m in a Series A round to drive its ambitious expansion plans.

The Chief Executive Officer, Kuda Technologies, Babs Ogundeyi, said Target Global had been a valuable partner in Kuda’s rise to relevance, even beyond making sizable investments in both its seed and Series A fundraising rounds.

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