- Jaguar Land Rover Introduces Three Innovative Models
Jaguar Land Rover has unveiled three new vehicles at the Geneva Motor Show – the Range Rover Velar, Jaguar I-Pace Concept and ‘Project Hero’ a specially-made humanitarian version of the Land Rover Discovery.
The Range Rover Velar and, for the first time in Europe, the Jaguar I-Pace Concept represent major innovations in their segments, sharing a compelling combination of iconic British design and creative engineering, says the automaker in a statement.
It says the ‘Project Hero’ has been created by Jaguar Land Rover’s Special Vehicle Operations in partnership with the Austrian Red Cross features innovative drone technology and will be trialled by emergency response teams over the next year.
Jaguar Land Rover, the largest automotive manufacturer in Britain, says it is a technology company that is creating world-class premium cars.
The Chief Executive Officer, Jaguar Land Rover, Dr. Ralf Speth, says, “Today, we have unveiled two revolutionary new vehicles – the Range Rover Velar and the Jaguar I-Pace Concept. Both are true to our purpose: to create experiences our customers love for life.”
The automaker also says the launch of the new Range Rover Velar is another new chapter in the Jaguar Land Rover story.
True to the company’s tradition of engineering integrity, it has established the capability, quality and technology trends of tomorrow, it adds.
It says the Velar will be built exclusively in the UK using Jaguar Land Rover’s leading lightweight aluminium intensive architecture and powered by the latest ultra-clean UK-built Ingenium petrol and diesel engines.
The new Velar is positioned between the Range Rover Evoque and Range Rover Sport.
It also says Jaguar Land Rover is working towards a cleaner future, with ultra-clean diesel and petrol engines, BEVS, PHEVs, MHEVS all in its strategic plans.
According to the firm, by 2020, it will offer customers the option of electrification on all its new cars.
It says Jaguar I-Pace, its first electric performance SUV Concept, has been engineered without compromise to deliver a brilliant package, long-distance range, fast charging times and exhilarating performance.
It hints about plans to take Jaguar Land Rover’s three vehicle manufacturing plants in the UK close to their operating capacity, adding that the I-Pace will be manufactured at Magna Steyr’s plant in Graz, Austria.
“With more than 100 years’ experience, Magna Steyr has extensive contract manufacturing expertise working with many car manufacturers globally,” it states.
It describes the Project Hero as an advanced communication vehicle created to support Jaguar Land Rover’s partnership with the International Federation of Red Cross and Red Crescent Societies, the world’s largest humanitarian network.
“It is hoped that it will help the Red Cross save lives by speeding up response times to disasters,” it says.
Land Rover has supported the Red Cross since 1954, supplying 120 vehicles to the IFRC for deployment in all corners of the globe.
Project Hero, it adds, is the first to be supplied with a roof-mounted drone which enhances the outstanding capability of the all-new Land Rover Discovery.
A fully integrated landing system, the vehicle featuring self-centring technology, enables the drone to land on Project Hero when the vehicle is in motion.
Jumia Nigeria Appoints Sunil Natraj as CEO, Outlines Ambitious Expansion Plans
Former Jumia Ghana CEO to Lead E-Commerce Giant as Massimiliano Spalazzi Steps Down
Jumia Nigeria, a prominent player in the e-commerce sector, has announced the appointment of Sunil Natraj as its new CEO.
Natraj, the former CEO of Jumia Ghana, will take the helm of the e-commerce business in January 2024, succeeding Massimiliano Spalazzi, who has been with Jumia Group for 11 years and will be stepping down in December 2023.
The announcement came during a media parley held in Yaba, Lagos, Nigeria, with Francis Dufay, the CEO of Jumia Group, unveiling Natraj as the new leader.
Natraj expressed Jumia’s commitment to becoming a truly Nigerian company and continuing the initiatives started by Spalazzi.
“We want to continue what Spalazzi started,” Natraj stated, emphasizing Jumia’s vision to expand its presence beyond Lagos.
He disclosed plans to extend operations to additional Nigerian cities, with Akure and Ilorin on the radar and a focus on cities en route to Ibadan, Warri, and Benin in the first quarter of 2024.
The overarching strategy is to create a comprehensive network covering the entire country.
Dufay outlined the ambitious goal of targeting cities with populations exceeding 20,000 people, citing successful precedents in Ghana, Cote d’Ivoire, and Senegal.
He acknowledged the challenges faced by Jumia, including a workforce reduction in Q4 2022 and a 73% cut in advertising budgets in Q3 2023.
Despite the hurdles, Dufay highlighted Nigeria as Jumia’s largest market and affirmed the company’s determination to navigate and thrive in the ever-evolving e-commerce landscape.
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Flutterwave Expands Financial Frontier: Acquires Money Transfer Licenses for 13 U.S. States
Africa’s Leading Payments Tech Firm Facilitates Faster, Affordable, and Secure Transfers between the U.S. and Africa
In a significant move towards advancing financial connectivity between Africa and the United States, Flutterwave, Africa’s premier payments technology company, has proudly announced its acquisition of money transfer licenses for 13 key U.S. states.
This strategic expansion aims to expedite, streamline, and secure the transfer of money from the U.S. to Africa and back.
The states covered by the newly acquired licenses include Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota.
These additions, combined with Flutterwave’s existing partnerships and licenses, now empower the company to serve customers seamlessly across 29 states in the U.S.
Money transfer licenses, issued by state regulators, play a pivotal role in enabling financial technology companies like Flutterwave to engage in the transmission of money.
The acquisition of these licenses fortifies Flutterwave’s commitment to regulatory compliance, safety, and the soundness of its services.
Stephen Cheng, Executive Vice President, Global Expansion and Partnerships at Flutterwave, emphasized the significance of this milestone.
“Getting these licenses expands our regulatory footprint, demonstrates our ability to deliver services with safety and soundness, and fosters trust among regulators, partners, and customers,” stated Cheng.
“We’re growing and are committed to servicing customer needs in as many geographies as possible, particularly with a significant African diaspora.”
Flutterwave’s popular solutions, such as the Send App, are set to benefit greatly from this expansion.
The Send App facilitates easy and secure money transfers between the U.S. and Africa, catering to both individual users and enterprises that rely on Flutterwave for global last-mile payouts.
“Sending money between the U.S. and Africa has been challenging for the African diaspora. These licenses pave the way for Flutterwave to make the Send App available to the African diaspora in the U.S., offering a super user-friendly money remittance experience,” explained Olugbenga Agboola, Founder and CEO at Flutterwave.
“Our mission is to connect Africa to the world and the world to Africa by simplifying payments for endless possibilities. These licenses move us one step closer to our vision, and we will continue to expand this feat to ensure coverage for all states in the U.S. and beyond.”
Flutterwave remains steadfast in its commitment to providing accessible remittance services across the U.S. and has outlined plans for further expansion of licensing coverage in the near future.
This ambitious endeavor reflects the company’s dedication to fostering financial inclusion and creating a seamless financial bridge between continents.
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