Connect with us

Company News

Former Dangote Group Truck Driver Sues Company over Injuries Sustained in Accident

Published

on

Dangote Cement - Investors King

A truck driver who worked with Dangote Cement, Anas Ibrahim has filed a lawsuit against the company for abandoning him and sacking him after he had sustained serious injuries in an accident that occurred while he was on duty.

Ibrahim was involved in an accident on July 1, 2020 while travelling along the Lagos-Abeokuta expressway when a vehicle ran into the Dangote truck he was driving after he offloaded bags of cement at the company’s depot.

Initially, he was taken to the Sango Otta General Hospital in Ogun state after he lost consciousness. After that, he was transferred to the Federal Medical Centre, Abeokuta before he was finally taken to the Mohammed Sunusi Specialist Hospital, Kano where he currently is.

The accident victim stated that he had suffered three broken ribs and had a complex fracture in his limbs, according to FIJ.

Ibrahim, through his lawyer dragged Dangote Cement to the National Industrial Court of Nigeria based in Kano. The complainant told the court that the company had neglected him and also refused to pay his medical bills after they terminated his employment.

Ibrahim sought an order of the court, which would require Dangote to pay him N50 million as compensation, N10 million exemplary damages and N1 million in legal fees.

The Dangote Group Spokesperson, Anthony Chiejina said to the FIJ that he was unable to comment on Ibrahim’s situation because he was still in mourning of Sani Dangote, brother to Aliko Dangote and the Vice President of the company.

Chiejina then said it was unfair for the newspapers to report the sacking and neglect of the truck driver who sustained serious injuries in the line of duty at a time when the company was in mourning. He went ahead to claim that truck drivers working for the company cannot be trusted all the time, although he failed to react to the situation.

Continue Reading
Comments

Company News

Zoho Launches Tax Compliant Platform in Kenya, Seeks to Help Businesses Manage Their Finance

Zoho Corporation has launched a VAT and Tax invoice management system (TIMs) accounting software for companies in Kenya called ‘Zoho Books’.

Published

on

Zoho headquarters in chennai

Indian multinational technology company that makes web-based business tools Zoho Corporation, has launched a VAT and Tax Invoice Management System (TIMs) accounting software for companies in Kenya called ‘Zoho Books’.

With the creation of Zoho Books, the company seeks to help Businesses in Kenya ease the process of transitioning to tax invoice management system and compliance.

The accounting software, Zoho Books is meant to help businesses in Kenya ease the process of transitioning to Tax Invoice Management System (TIMS) and ensure compliance.

In Kenya, the new TIMS regulation in the country mandates that all VAT-registered businesses must report each invoice and credit note to the Kenya Revenue Authority (KRA) in real time.

Businesses will need to create electronic tax invoices with the mandated fields and format, and push them to the Kenya Revenue Authority, making the introduction of the Zoho Books software to the Kenyan market very timely.

Speaking on the launch of ‘Zoho Books’ in Kenya, Zoho Country Manager Veerakumar Natarajan said the system has been rolled out first in Kenya to assist all business owners to prepare for the upcoming implementation of the TIMS by the Kenya Revenue Authority (KRA).

His words, “Kenya is a key market for us, and we are continuing to invest in creating solutions that will help businesses in their digitalization journey.

“We are launching the localized version of our accounting solution, Zoho Books, to help businesses manage their finances and stay tax compliant.”

The Kenya Revenue Authority has extended the deadline for businesses to comply with the Tax Invoice Management System to November, 30 this year, noting that “a number of taxpayers are still in the process of acquiring and integrating the ETR devices with their invoicing systems.”

With Zoho Books, businesses can get an end-to-end accounting solution that works in just a few clicks. The accounting software will also generate the VAT Return Form-3 filled-in automatically, which can then be used to file the returns, simplifying tax compliance and saving time.

Continue Reading

Company News

Cybersecurity Firm Swimlane Expands Into Africa And Other Regions, Offers Security Operation Requirements

Swimlane has announced its expansion to the Middle East, Turkey and Africa (META)

Published

on

swimlane

Swimlane, a security automation company that provides cloud-scale, low-code security automation for organizations, has announced its expansion to the Middle East, Turkey and Africa (META) followed by an appointment of Ashraf Sheet as vice president of the region.

The platform will provide maximum flexibility for META organizations with cloud, on-prem and air-gapped deployment options for secure-access environments.

The newly appointed Vice President of the region (META) Ashraf Sheet is an accomplished sales leader with more than 20 years experience in the cybersecurity market. He has held progressive roles leading sales and channel teams across local and multinational companies including InfoBlox and LinkShadow.

Throughout his career, Sheet has established himself as a trusted advisor to many of the world’s most-recognized brands across the Middle East, Turkey and Africa.

While speaking on what innovative solutions the firm and the Vice President of the region (META) Ashraf Sheet will bring, Senior Vice President of Worldwide Sales for Swimlane Jim Pickering said,

“Ashraf brings immense credibility and go-to-market experience throughout META, and I’m excited to have him lead Swimlane’s expansion in the region.

“Our unique low-code approach to security automation is a game-changer for security teams in META, offering a solution that meets the region’s most-demanding and constantly evolving security operations requirements.”

He further added that the region’s vice president will be responsible for expanding Swimlane’s sales and technical teams across the region, as well as onboarding strategic channel partners and distributors to expand the company’s presence and market share.

Earlier this year, the firm raised a $70 million growth funding round led by Activate Capital which Swimlane disclosed that it will be used to accelerate the company’s ongoing growth and operations on a global scale while continuing to advance its platform innovations in security automation ahead of the competition.

Swimlane has transcended traditional SOAR and risen to meet the growing need for low-code security automation to help organizations quantify business value, overcome process and data fatigue, and combat chronic staffing shortages.

Continue Reading

Merger and Acquisition

Shell to Acquire Nigerian Solar Energy Provider, Daystar Power

Subject to regulatory approval, Shell Petroleum Development Company is set to acquire Daystar Power.

Published

on

Shell

Subject to regulatory approval, Shell Petroleum Development Company is set to acquire Daystar Power.

Daystar Power, which is one of the leading providers of hybrid solar power solutions to commercial and industrial (C&I) hubs in West Africa, announced the potential acquisition in a press release. 

According to the energy provider, the acquisition will help Daystar Power to continue its growth in West Africa while expanding its presence to other African countries in East and Southern Africa. 

The Lagos-based company has a target to increase its installed solar capacity to 400MW by 2025. 

Daystar Power currently has an installed solar capacity of 32 Megawatts (MW).

This could make Daystar Power to become one of Africa’s leading providers of solar power solutions for commercial and industrial businesses.

The Chief Executive Officer of Daystar, Jasper Graf von Hardenberg disclosed that Daystar Power needed more capital to expand operations to meet the rising demand for solar energy and the choice of Shell as the new parent company comes at the right time. 

Jasper further stated that Shell’s strong balance sheet and long history in Africa will help to take Daystar to a new height.

On the other hand, Shell’s Executive Vice-President, Renewable Generation, Thomas Brostrøm noted that the deal will be Shell’s first power acquisition in Africa. 

He noted further that the deal is a fundamental step for Shell in growing its presence in the emerging power market. 

“We have had a long and established presence in West Africa and with Daystar Power, we are taking our first steps into the renewable power space,” he said.

“Daystar Power has a loyal customer base and a promising growth outlook, and by combining our efforts and expertise, I believe we can make a real difference in the energy transition, for West Africa and beyond.” Shell’s Executive Vice-President concluded.

Investors King learnt that Daystar Power currently has a presence in Nigeria, Ghana, Senegal and Togo. The company also received $20 million in funding last year to boost its operations.

 

Continue Reading
Advertisement
Advertisement




Advertisement
Advertisement
Advertisement

Trending