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Kia Motors Nigeria Unveils 2018 Kia Sportage

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KIA
  • Kia Motors Nigeria Unveils 2018 Kia Sportage

Kia Motors Nigeria unveiled the all-new Kia Sportage at a launching and media parley with motoring journalists, held at its showroom, in Victoria Island, Lagos, during the week.

The unveiling of the all-new 2018 Kia Sportage marks one of the most anticipated moments for Kia and its teeming customers in 2017, officials of the company said.

The fourth-generation new Sportage compact SUV is a show-stopper, considering its attractive design, a range of advanced technology features and greater quality.

The all-new Sportage builds on the success of its predecessor model, having been revamped with an innovative and sophisticated package and premium technology features.

Kia’s new interior is significantly upgraded with high quality materials and modern design to improve comfort and convenience of passengers and drivers. Engines and transmissions have also been updated, ensuring enhanced efficiency and performance​.

According to the Group Managing Director, Kia Motors Nigeria, Jacky Hathiramani “the development of the next-generation Sportage began with an in-depth analysis of market trends to best suit the needs of consumers. The thoughtful design, innovative packaging, premium materials, powerful engine and state-of-the art technology all translate into a stunning modern masterpiece of SUVs.”

Hathiramani stated that, “we are confident that the all-new Kia Sportage will take the entire auto industry by storm, not least because of its brave and handsome design but also its reengineered technology for optimum performance.”

He said Sportage boasts of a high, comfortable ride, acres of space for stuff, kids, pets, and off-road ability.

The new model is a bit longer than the old one – 1.6 inches, with a wheelbase 1.2 inches longer – so there is more room in the back while the floor is a bit lower making for easier entry. Sportage is the new king of the urban jungle with more than enough power to safely and smoothly navigate city roads along with a perfect combination of contemporary style and sporty appeal.

Olu Tikolo, Vice President, Kia Motors Nigeria pointed out that the aesthetic improvements in design and improved functionality of the all-new Sportage is expected to once again accelerate Kia’s market progress and open a brand new chapter in the company’s history of pioneering the compact urban SUV segment.

The anticipation and excitement for the fourth generation Sportage is expectedly high and we cannot wait for the world to enjoy the dynamic contemporary sophistication of our all-new compact SUV, he said.

Bagging the prestigious iF Design Awards immediately after its launch in the US, the extensively developed compact Kia Sportage has continued to receive praise for overall design quality, innovation, environmental impact and safety.

“The new Sportage target markets are the go-getters who need a vehicle to match their confident and active lifestyle. The new model features styling changes which highlight its striking bold appearance and gives an ultimate visual appeal.

It is adorned with the Kia’s hallmark “tiger-nose” grille, HID headlights, LED fog lamps, LED taillights and 17-inch wheels. The overall length of the car has increased while the width remains the same.

Also, the car’s wheelbase has been stretched for a more spacious interior. Under the hood, the Sportage has a 2.0litre engine on the LX and EX with 185hp and 237Nm of torque.

Jimoh Olawale, Marketing Manager, Kia Motors Nigeria stated that the new generation (Sportage) has more passenger room and cargo volume, with a distinctive exterior design.

Speaking at the event, Olawale stressed that the all-new Kia Sportage is made in Nigeria and tropicalized for Nigerian roads. The Kia Sportage is all about offering you more that you’d expect. More breathtakingly distinct design, cutting edge technologies, advanced features to enhance your comfort and safety.

The Sportage is the perfect combination of sportiness and style with distinctive and innovative design and truly striking features that offers pure refinement, commanding side profile, muscular stance, sculpted front bonnet and the Kia distinctive signature grill gives the Sportage an unmistakably sporty appearance, he said.

The Kia Sportage distinctive design and head-turning features make this ultra-athletic car hard to miss. Truly sporty inside and out, the sleek upper dash, soft-touch materials like leather seats with grey stitching make sure you stay beautifully comfortable.

Kia’s uniquely configured cabin makes things as comfy for the passengers as well as the driver. With spacious dimensions and reclining rear seats, every seat will feel like the best one. For a guaranteed flexibility, the Sportage’s seat are also able to move and fold to create an almost flat floor.

With and inspiring technology for new levels of safety, All-new Sportage offers a whole new dimension of technological assistance to help make sure you always manoeuvre with absolute peace-of-mind and comfort.

The SUV comes with Auto Cruise Control (ACC) Parking Assist System (PAS) and Vehicle Stability Management (VSM) technology Cutting-edge technology for maximum driving stability, the automatically engaging all-wheel drive (AWD) system senses road conditions, wheel speed and acceleration, then applies the right amount of torque to the front and rear wheels for optimum road grip.

Advanced High Strength Steel and hot-stamped steel 51% AHSS application makes the all-new Sportage even stronger and lighter with benefits that include better handling and improved fuel efficiency. Hot-stamped components in 14 core stress areas help provide maximum crash protection, better driving dynamics, and a quieter ride.

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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Bolt Bags €20 Million From World Bank’s IFC to Expand Operations in Emerging Economies

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Bolt, the leading European mobility platform, announced new funding of €20 million received from World Bank’s IFC.

“We’re delighted to announce that we’ve received €20 million in funding from the International Finance Corporation (IFC), a member of the World Bank Group”, Bolt said.

The investment came less than three months after the Estonian company raised €150 million in a round led by D1 Capital Partners.

Through this investment, Bolt will continue to develop mobility solutions that create earning opportunities, stimulate entrepreneurship and improve access to transportation in emerging economies. One of the shared goals of Bolt and the IFC is to empower women and improve their access to mobility.

According to Stephanie von Friedeburg, IFC Senior Vice President of Operations,  “Technology can and should unlock new pathways for sustainable development and women’s empowerment.”

“Our investment in Bolt aims to help tap into technology to disrupt the transport sector in a way that is good for the environment, creates more flexible work opportunities for women, and provides safer and more affordable transportation access in emerging markets.”

Recently, Bolt introduced a women-only ride-type in South Africa for her customers to address safety needs, enable women passengers to connect with women drivers, improve women’s mobility and access to earning opportunities.

Markus Villig, CEO of Bolt, said the goal of the company and its partnership with IFC is to Provide strategic value to emerging economies

“We are looking forward to partnering with IFC to further support entrepreneurship, empower women and increase access to affordable mobility services in Africa and Eastern Europe.

“Together with the investment from the European Investment Bank last year, we are proud to have sizable and strategically important institutions backing us and recognising the strategic value Bolt is providing to emerging economies.”

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Crowdyvest Attracts New Investors and Appoints Tope Omotolani as CEO

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Crowdyvest Limited, an impact-driven fintech platform, launched in 2019 by Onyeka Akumah and four other Co-Founders has today announced a big change in its leadership and additional investment in the company, in a bid to scale up as a digital savings company.

Crowdyvest was created to provide all-in-one financial solutions for individuals and businesses to achieve short or long-term goals while facilitating impactful growth in line with the United Nations 17 Sustainable Development Goals. The Fintech company went live in beta-stage in August 2019 but launched fully as a crowdfunding platform in January 2020 where its users and sponsors can sponsor high-impact opportunities that yield good benefits through its pooled sponsorships and individual projects.

Today, however, the company announced Onyeka Akumah will officially step down as the CEO of Crowdyvest and Tope Omotolani who is currently the Managing Director and also a co-founder, will become the new Chief Executive Officer of the startup, effective immediately. Notwithstanding this change in leadership, all the management and staff of Crowdyvest will be retained. And as a result of the new investment in Crowdyvest, the fintech startup will completely exit the EMFATO Holdings group and also transition from its previous crowdfunding model to making strides as the go-to digital wealth management and savings platform under Tope’s leadership.

Onyeka Akumah speaking on this development said, “I have taken this decision to step down as the CEO of Crowdyvest as a result of the new investment in the company which gives it good footing for scale. Today, Crowdyvest is exiting fully from EMFATO Holdings and we are very happy about the new investors led by Tope, and excited to see how Tope will lead this business to new heights. I will now focus more on leading Farmcrowdy and Plentywaka as CEO of both companies into new markets in 2021. Tope is a strong and amazing leader and I see her leading Crowdyvest to become one of the leading wealth management companies in Nigeria within the next 3-5 years. I wish her and the team all the best and will continue to advise them on their journey when needed’’.

The new CEO, Tope Omotolani also said, “It’s an honor and a privilege for me to be able to lead the team to the next level and next chapter of the business. Onyeka founded this company on the ethos of integrity and strong customer satisfaction and I’m grateful for the opportunity to continue to lead this technology company into it’s next chapter. Our major goal and focus as Crowdyvest is that we see a lot of people become financially free and we’re able to do this by the products that we create on the platform”.

The emergence of female leaders has become a centrifugal force for good in the world and many organisations. For the first time, we’re seeing examples of female leaders emerging from across the generations to cross-weave their knowledge and drive for change and Crowdyvest is joining the wave of change having a Female Leader and CEO.

Crowdyvest is today launching the Crowdyvest Savings Platform to give savings options to over 10,000 subscribed members on it’s platform. This savings platform will give its members a variety of plans to help build a savings culture based entirely on their pace, so they can reach their life goals faster.

This savings platform has four products that are properly tailored to fit all categories of individuals, including the Millenials, Gen Z, Gen X, and Baby Boomers, and each of these products have their unique features and benefits. They are;

Flex Savings which speaks to our young and trendy Gen Zs and Millenials, gives them the opportunity to save as much as they like with the option of withdrawing their money at any time during the year with a withdrawal fee of 2%. The Flex savers also have the opportunity of 7 official withdrawal days which comes without a withdrawal fee.

Vault Savings here, users have the opportunity to safely deposit money into their vaults and lock it for a period of time (3 months, 6 months, or for years). Funds deposited in the vault will be locked and ineligible for withdrawal throughout the locked period. The vault savings is for long-term savings and is targeted at pensioners, trust funds savings, legacy savings, etc.

Pace Savings, savers have the opportunity to deposit money as they wish for a set target. The pace savings option is recurring starting with the least period of 3 months. The money can be deposited automatically into the plan or manually based on the saver’s preference. The plan is targeted at salary earners, entrepreneurs, etc.

Flex Dollar Savings gives savers the opportunity to save and earn returns in dollars. Crowdyvest Members have the opportunity to grow their savings in a more valuable & stable denomination.

Every saver enjoys the benefits of good interest rates from 12.5% to 15%, zero bank charges, plans tailored for everyone, and effective and prompt customer service. We also have referral opportunities where you can earn as much as NGN 1000 for every person you refer to Crowdyvest. For more information, visit the Crowdyvest website.

Previously as a crowdfunding platform, Crowdyvest was able to create an impact by funding 24 projects across various sectors including Agriculture, Real Estate, Transportation, etc, has worked with 9 project partners, has operated in 17 states with over 10,000+ active sponsors, over 90,000+ total users, and over 8,000 Monthly Active Users. Today, the company is a Digital Savings platform with closed membership, Crowdyvest will provide financial solutions for her community of individuals and organizations that are committed to long-term growth and financial freedom.

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FirstWave Signs Level 1 Partner Agreement with pan-African technology company Moja Access

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Neil Pollock, CEO, FirstWave Cloud Technology - investorsking.com

Leading Australian-headquartered, global, cybersecurity-as-a-service company, FirstWave Cloud Technology Limited (ASX: FCT) (FirstWave), is pleased to announce the signing of a three-year Level 1 Partner Agreement with Moja Access, part of CSquared Group (www.csquared.com), a pan-African technology company.

Moja Access is the Kenya-based operating company of CSquared, a joint venture between Google LLC, Japan-based Mitsui & Co, investment firm Convergence Partners, and the International Finance Corporation (IFC, part of the World Bank Group), with the goal to make commercially driven investments to improve and increase connectivity and internet access in Sub-Saharan Africa.

CSquared currently operates fibre and last mile WiFi networks in several cities across Kenya, Uganda, Ghana and Liberia, with over 40 mobile operators and internet service providers relying on its infrastructure for serving mobile consumers and corporate customers. These four African nations had over 10 million Micro, Small & Medium Enterprises (MSMEs) and over 70 million internet users at the end of 2020.

In the initial phase of this partnership, FirstWave has deployed its recently launched FirstCloud™ WebProtect DNS platform for each of CSquared’s four territories for use by CSquared’s operating companies and Level 2 partners. CSquared’s operating companies’ partners and their end-customers will get the web security solution as part of their internet service on an “opt-out” basis.

As a consequence, revenue generation will commence immediately, and end-customers can ‘opt-out’ if, for any reason, they decide they do not want the service. Moja Access is currently in conversations with customers for uptake of this service.

The Partnership Agreement is for a 3-year term with rolling 6-month extension options thereafter and in keeping with FirstWave’s unique service proposition – democratising enterprise-grade cybersecurity-as-aservice – the vast number of MSMEs and Internet users across these 4 African nations can now be protected on CSquared’s network from cyber intruders, on a consumption basis, at an affordable monthly price.

FirstWave’s business head for EMEA & North America region, Sundar Bharadwaj, said, “CSquared Group’s Kenya-based entity Moja Access is a truly innovative partner for FirstWave in Sub-Saharan Africa with excellent credentials with its Telco and ISP client base. We look forward to expanding the reach for our Enterprise-grade cybersecurity solutions to small and large end-customers through this partnership.”

Lanre Kolade, Group CEO of CSquared, said, “We are very excited to have signed this partnership with FirstWave. Our clients, including Telcos and Internet Service Providers, will benefit from FirstWave’s differentiated SaaS products. It will allow us to rapidly deploy and sell on a consumption based monthly pricing model, enterprise grade cybersecurity services to all our clients and their end-customers, large and small.”

FirstWave’s CEO, Neil Pollock, said, “I’m delighted to welcome CSquared Group’s Moja Access as our 8th Level 1 partner and see initial revenues already flowing from the partnership. CSquared is a fast-growing pan-African service provider backed by two large global corporations Google LLC and Mitsui & Co. CSquared already delivers robust fibre connectivity and internet access to thousands of end-customers via its 40+ mobile operator and ISP clients. With revenues already delivered, the partnership has had a really positive start.”

This announcement has been approved for release by the Board of Directors.

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