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AfDB to Focus More on Power Sector in 2018



  • AfDB to Focus More on Power Sector in 2018

The Country Director, African Development Bank (AfDB), Mr Ebrima Faal, said the bank would focus mostly on power sector in 2018.

Faal said this during an interaction with newsmen at the newly-built Nigeria Country Department Office on Tuesday in Abuja.

He said the new office to be commissioned on January 18, was the first structure to be designed and constructed from scratch.

“The 2018 programme of the bank is focusing mostly on power sector, we have several solar projects that we are handling together with the world Bank and other partners.

”We are working together in some of these projects in Jigawa, Bauchi and Sokoto States among others.

“We also anticipate supporting the private sector in developing two large fertiliser plants for both internal and external use.

“There is a world class clinic of medical facilities called Santaclara Clinic located in Lagos, which we hope to finish.

”We are also working to provide lines of credit on cassava processing and agribusiness; those are the projects the bank will be supporting this year,” Faal said.

The Country Director said the Bank was planning to install solar panels once the commissioning ceremony of its new building was completed on Thursday.

He said the essence was to supplement the generation of more power that would allow the Bank to have additional sources to support both the building and the premises.

“We are in the process of installing solar thermal technology as additional source of cooling and lighting the new building and premises.

“We have already installed environmentally friendly chargers to charge electric cars for those that are using these type of cars.

“Last year was my first year, so when I came to Nigeria, we had already invested 1.6 billion dollars between the project support in the Northeast and some water projects,”he added.

He said the Bank was working closely with Nigeria and ECOWAS to achieve results.

According to him, the Bank maintains a robust and unique partnership with the Federal Government, which has been instrumentally important in the growth of the institution as a shareholder.

He said Nigeria was the largest shareholder with portfolio of over 5.5 billion dollars as at December 31, 2017, accounting for 13 per cent of the bank’s total portfolio.

Faal said in November 2009, the Bank’s Board of Directors approved the project to acquire premises for Field Offices, adding that works commenced in November 2011.

He said the detailed designs and tender documents were then finalised in August 2013.

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


Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others



Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.


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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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