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Grey re-enters Nigeria with Centrespread affiliate

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Grey has appointed Centrespread as its lead agency in Nigeria as it reclaims its stake in the Nigerian advertising market and aims to provide creative and effective full service marketing solutions across the African continent.

Centrespread, one of Nigeria’s largest independent advertising communications groups, will rebrand as Centrespread Grey. The Centrespread Group operates from offices in Lagos and Abuja.

WPP, the world’s largest global media and communications agency network, made the announcement in Singapore yesterday, signalling yet another critical step in Grey’s growth strategy of developing its networks in fast growing and important markets and sectors in the MEA region.

The Centrespread Group will focus on developing a strong local Grey presence in Nigeria and is another step in Grey’s expansion in key African markets.

Kola Ayanwale, Centrespread CEO, says he is enthusiastic about the alliance with an iconic agency such as Grey. “The Grey Group ranks among the world’s top advertising and marketing organisations, with an enviable global footprint. Grey’s credentials and achievements are impressive and their unique positioning of ‘Famously Effective’ resonates with the same values that have shaped Centrespread into one of Nigeria’s most successful integrated marketing communications agencies over the last three decades.

“The decision to take on the exciting opportunity of re-establishing Grey in Nigeria and across the continent is one that is met with great enthusiasm by both parties, and we look forward to being an integral part of the continued global success of Grey.”

Communications group

As a full service, through-the-line communications group, Centrespread has been operating since 1982 and employs about 200 staff in its seven business units. Today, Centrespread is made up of all-inclusive integrated marketing communications units, which include Centrespread Advertising; DKK, a full service agency offering the full gamut of marketing communications; Interactive Communications, a digital media and online reputation management agency; Pure Activation, a below-the-line agency focused on presence branding and activations; PR Redline, a public relations and reputation management agency; KontactPoint, an out of home channel company and Mediamore, a media specialist agency.

“Africa is the continent of opportunity for future-focused clients,” said James R. Heekin, chairman and CEO of Grey Group. “We are delighted to partner with Centrespread, a world-class marketing organisation, and look forward to what we’ll accomplish together in Nigeria and beyond in the coming years.”

Nirvik Singh, chairman and CEO of Grey Asia-Pacific, Middle East and Africa, is confident and energised by the new partnership. “The most important outcome of this exciting partnership is the association with talent and expertise that will re-ignite our efforts in establishing a dynamic Nigerian presence for Grey and will also allow us to truly focus on serving international clients across the African continent”, says Singh.

Source:bizcommunity

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COVA Insurtech Dissociates from COVA Wealthtech

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COVA Insurtech, a player in the InsurTech sector, has announced its formal dissociation from the activities of COVA WealthTech, effective immediately. This decision comes in the wake of COVA WealthTech’s announced cessation of operations on February 10, 2024.

These two (2) brands have historically been separate entities with distinct focuses within the tech landscape. While both companies share the COVA brand, they operated independently, each catering to specific market segments and addressing unique financial service needs.

The decision to shut down COVA WealthTech was taken in alignment with the evolving dynamics of the tech industry, and after a thorough strategic review by the leadership of COVA WealthTech. COVA Insutech was not involved in or influenced by the decision to cease operations of COVA WealthTech.

COVA Insutech wishes to reassure its clients, partners, and stakeholders that its operations remain unaffected by the closure of COVA WealthTech. The company remains committed to providing innovative and reliable InsurTech solutions, maintaining the high standards of service that its clients have come to expect.

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“We want to make it clear that COVA Insutech is a separate entity from COVA WealthTech, and our commitment to our clients and partners remains steadfast. We will continue to focus on delivering cutting-edge insurtech solutions and expanding our presence in the InsurTech sector”. says Bayo Adesanya, Founder & CEO, COVA Insurtech.

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aYo Holdings boosts executive team

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aYo Holdings Ivan Welch and Miles Bloemstein

African insurtech aYo Holdings has made two key C-suite appointments as it looks to accelerate its ambitious growth plans across the continent and into the South African market. The company has named Ivan Welch as its new Chief Customer Acquisition Officer and Miles Bloemstein as its Chief Operating Officer as part of its vision of becoming the largest insurance technology platform in Africa.

Welch, who has already been with aYo for four years, will be responsible for driving new customer acquisition through various distribution channels, with a specific focus on digital marketing and sales. His position will also include a commercial legal remit and administrative oversight, and support of the company’s subsidiary operations.

A 20-year veteran of the African insurance sector, Welch defines success as a world where every customer with a mobile phone has an aYo subscription, which would have been obtained through a simple few clicks or button presses on a mobile device. While approximately 46% of Africa’s population has access to and uses cell phone services, insurance penetration remains below 5% in most markets, except South Africa.

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“The industry has so much scope for development, as it is massively underserved in Africa. With aYo and our shareholders, MTN and Sanlam, I believe we have the right offering, platforms and ability to scale to serve this market,” he said.

Bloemstein joined aYo in July 2021.  He also has more than 20 years’ experience in the insurance industry, specifically in IT operations and related functions.  His new position will include him overseeing the day-to-day operations of the business, working closely with executive and product teams to grow the platform and its system and channel capabilities.

“We must constantly find ways to keep our clients engaged and be able to have access to insurance. Due to low disposable income levels, insurance adoption and trust in insurers, we are being challenged to produce ‘out of the box’ solutions to keep our clients engaged and active,” he said.

aYo Group CEO Marius Botha said Welch and Bloemstein’s expertise are key to the company’s drive to enable the distribution of affordable financial services products to people who have never had the opportunity to engage in financial services before. aYo launched in January 2017 in Uganda and has since expanded its operations across Ghana, Zambia, Côte d’Ivoire and Cameroon, with plans to launch operations in Nigeria and South Africa imminent.

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Fearless Energy Drink Backs Fanfaro Autofest 2022

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Fearless energy drink from the stable of Rite Foods Limited has made full preparation to support this year’s Fanfaro Autofest event as the headline sponsor. This is in its bid to make the platform bigger and more thrilling for car drifters, super bikers, and fun seekers in the ancient city of Ibadan from Friday, 2nd to Sunday, 4th December 2022.

The Managing Director and Chief Executive Officer, Fanfaro Oil Nigeria, Mr. Adekunle Olanrewaju, stated that the support from the Fearless energy drink is enormous hence the event is credited to it and dubbed “Fanfaro Autofest, Fearless Edition,” as the contestants will be rejuvenated with the brand’s positive energy and courageous spirit to actively showcase their talent in car drifting.

“It takes a lot for someone to align with your dream; it takes like minds to be part of it. The previous events have been successful, but now having the marketing leading; Fearless brand behind it, is a success even before the start of the event.  The brand also resonates with what the sport stands for, we are fearless, tough, energetic, and want to make it more exhilarating,” Olanrewaju explained.

He pointed out that with the Fearless brand behind the largest motorsport in the country, Nigerians should expect more exciting and action-packed sporting activities, as the product has been with Fanfaro from the planning stage to the exercise which takes a year to put together, and also for a refreshing moment with the trailblazer in the energy drink segment.

According to him, a Fearless brand raffle draw will be organised before the main event in November, where participants would be told to make a creative design with five empty bottles of the product, with the winners going home with exciting gifts.

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Commenting on the sponsorship, Rite Foods Head of Marketing, Olumide Aruleba, affirmed that the Fearless brand is very proud to throw its weight behind the sport, as it will bring into it the positive energy associated with the brand as a means to create the desired impact and make it a ground-breaking event. “We also want everyone to look forward to it,” he stated.

On her part, the Assistant Brand Manager of Fearless Energy Drink, Kanyisola Sangowawa, said the support from the product signpost is its connection with consumers in keeping them refreshed by providing the vigour needed while attaining their dreams or showcasing useful talents. She avowed that it takes a fearless spirit to support an action like the auto fest, which requires boldness, daring force, and strength in making it a success.

In his remark, the Fearless Brand Ambassador and the Face of Fanfaro Autofest, the Fearless Edition, Tobi Bakre, actor and a lead cast in the movie, Brotherhood, extolled the partnership between the Fearless energy drink and the motorsport, stating that both connects with a Fearless and reinvigorating force.

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