Change of Baton: Ojulari Takes over from Kyari, pledges consolidation - ITREALMS

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Finally, theThe new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari, reports ITREALMS.

In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation.

Innovation, consolidation to drive African telecom, media-tech deals

ITREALMS:

The global head of TMT for Africa’s largest bank, Standard Bank, is predicting continuing deal flow and increasing investment in Africa’s flourishing telecom, media and technology sector in 2018, reports ITRealms.

This, ITRealms gathered, is coming against a backdrop of improving economic growth and increasingly stable currency outlook across key markets such as Nigeria.

Speaking ahead of the TMT Finance Africa in Cape Town 2018 conference, Nina Triantis, Global Head of TMT at Standard Bank, said there were investment and financing opportunities for the right companies in Africa, with disruption, innovation and consolidation likely to be the major deal drivers in the sector over the year ahead.

“Investment and M&A in TMT is still especially active in Africa, despite some various economic challenges still facing select countries. Investment in technology is driving applications and innovation across the continent and across sectors,” she said. While economic and currency issues have dampened investor appetite in countries such as Nigeria over the past 12-24 months, conditions are now improving and stabilising, according to Triantis, which is leading to an increasing appetite from investors looking at the region, she said.

Standard Bank is one of the key sponsors of TMT Finance Africa in Cape Town 2018, with Triantis and Goolam Ballim, Standard Bank’s Chief Economist and Head of Research, among the headline speakers at the event, which is taking place in Cape Town, South Africa on March 15.

Triantis will be joining the TMT M&A Panel alongside multinational telecom operators Vodacom and MTN, while Ballim will be delivering a Visionary Keynote Speech centred on African Investment Outlook, ahead of the Opening Leadership Panel session.

“Telecom operators are consolidating and the race to provide new broadband and wireless infrastructure is intensifying, which is resulting in increased need for capital and a lively deal flow,” Triantis commented. “The debt and equity markets are both supportive for the right companies, and we expect to see several IPOs and M&A transactions in 2018,” she said.

Over 70 speakers will join the event, including companies such as: MTN, Econet Wireless, Vodacom, Millicom, BCX, MainOne, Convergence Partners, SEACOM, Intelsat, Liquid Telecom, Teraco, Uber, Safaricom, Letshego, Wananchi Telecom, Rand Merchant Bank, Michael Jordaan, iROKO, Citi, MallforAfrica, Ethos Private Equity, Investec Asset Management, Primedia, Econet Media, Ringier Africa, Nedbank Capital, Credit Suisse, WIOCC, WorldRemit, Kwese Sports, Kana TV, IFC World Bank and Absa Capital.

Ayo Midele/GEE

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