Business

2019 Africa’s Travel Indaba Holds May 2 – 4 in SA

Published

5 years ago

February 20, 2019

Eric

The 2019 Africa’s Travel Indaba will take place from May 2 – 4, 2019 at the Inkosi Albert Luthuli International Convention Centre in Durban, South Africa. Indaba has been brought forward by four days from the earlier scheduled dates.

Last week, President Cyril Ramaphosa, announced in his state of the nation address that the national election will take place on 08 May 2019. This would have coincided with Indaba.

According to South African Tourism’s chief executive officer, Sisa Ntshona who had set up a task team that comprised of representatives from SA Tourism, Department of Tourism, Durban ICC, Tourism KZN, Tourism Business Council of South Africa (TBCSA) and eThekwini to explore all available options and it was decided that moving Indaba forward was the best possible option.

The task team took into account various factors and permutations in reaching the new date.

“The national election is the cornerstone of our democracy and is a celebration of our freedom in South Africa,” says Ntshona.

“It’s an important date and occasion for all South Africans and we need to acknowledge and respect the date.”

“At the same time, I must express my heartfelt gratitude to the Tourism industry for their understanding of the situation, I have received many calls, emails and texts with advice and support. I am really impressed to experience how the tourism sector gets together. I also want to thank the Indaba Organising Committee involved with Indaba – they are Tourism KwaZulu Natal, ICC and eThekwini (Durban Tourism) – for being accommodating with regards to the change,” added Ntshona.

“From a Tourism Business Council of South Africa (TBCSA) perspective, we presented comprehensive views of the sector to the task team and ultimately the key thing for us was to get a new date as quickly as possible,” commented Tshifhiwa Tshivhengwa, CEO at TBCSA.

“We will now work with all our trade partners to ensure that there is smooth transition into the new date as many would’ve had plans in place already for the previous date. We still have a key role to play in achieving Indaba’s objectives of selling South Africa and the continent to the rest of the world.”

Indaba is one of the largest tourism marketing events on the African calendar and one of the top three must-visit events of its kind on the global calendar. Last year, over 7 000 delegates attended from 80 countries and to further strengthen existing partnership and collaboration within the continent, South African Tourism’s West African hub hosted 26 delegates from Nigeria and Ghana at the Africa’s Travel Indaba 2018.

Registrations for buyers and exhibitors are still open. For more information, visit www.indaba-southafrica.co.za

Story contributed by Chaste Inegbedion

Business

Glo Launches New Internet Solution Products for Homes, Businesses

Published

2 weeks ago

April 8, 2024

Eric

Two new products, which provide internet connectivity solutions specially designed for Residential and SME commercial customers, have been unveiled by digital solutions company, Globacom.

The products, Fibre to the Home (FTTH) and Fibre to the Business (FTTB) were packaged for Glo customers to enjoy reliable and high speed internet through linked fibre services.

Globacom said in a statement in Lagos “With these services, businesses and homes can access dedicated internet speeds of up to 1GBps, allowing unlimited internet usages for seamless video calls, video and music streaming and a whole lot of other dedicated usages to promote business success and equally provide endless entertainment for homes”.

It explained that the new product comes with a unique opportunity for “Residential Estates, High Rise Apartments, Commercial SME Estates to enjoy dedicated high speed internet in their cluster”.

These services, according to Globacom, give exceptional experience and unmatched speed for users at home or in offices and are provided through hi-speed fibre – unlike copper which was being used in the past.

Positioning itself as the premier provider of innovative solutions for businesses of all sizes, Globacom assured customers of the best value for money with the new offerings, adding that users who sign on for these services will also enjoy fully dedicated bandwidth.

“We are committed to delivering the most cost-effective data connectivity experience for homes and businesses in addition to providing dedicated and reliable services.” Globacom concluded.

Business

Naira Appreciates Further, Sells at N1,280/$ at Parallel Market

Published

3 weeks ago

March 30, 2024

Eric

The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market.

The current FX rate signifies a 5.19 percent appreciation from the N1,350/$ reported on March 27.

Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,260 and the selling price at N1,280 — leaving a profit margin of N20.

“The price of the dollar as well as other major currencies have been falling. It is affecting our business as some customers prefer to keep their currencies than change it with us,” a currency trader identified as Aliyu told TheCable.

At the official section of the FX market, the local currency depreciated by 0.69 percent to N1,309.39/$ on March 28 — from N1,300.43/$ on March 27.

Meanwhile, the Central Bank of Nigeria (CBN), on March 29, said the economy recorded over $1.5 billion in foreign exchange (FX) inflow this month, indicating its monetary policy initiatives are effective.

The apex bank said the naira is headed in the right direction, and the administration of Yemi Cardoso, CBN governor, remains committed to ensuring the stability of the market and the appropriate pricing of the naira against other major currencies worldwide.

TheCable

Business

NNPC Denies Reducing Petrol Pump Price

Published

3 weeks ago

March 28, 2024

Eric

The Nigerian National Petroleum Corporation (NNPC) Limited has declared that there is no plan to reduce the pump price of Premium Motor Spirit (PMS) aka petrol and Automotive Gas Oil (AGO) aka diesel.

The national oil company disclosed this through a statement on Wednesday by its Chief Corporate Communications Officer, Mr. Olufemi Soneye.

He said: “The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide.

“The company asserts that these reports are false and urges Nigerians to disregard them entirely.

“NNPC Ltd. reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country,” the statement added.