Connect with us

Business Home

NBE signs 3 agreements worth 25 million euros to finance EPAP III

Published

on

CAIRO, Jan 14 (MENA) – The National Bank of Egypt (NBE) and board directors of three major companies have signed three agreements, worth 25 million euros, to finance the Egyptian Pollution Abatement Program (EPAP) – Phase III.

The three companies are El-Nasr Co. for Fertilizer and Chemical Industries (SEMADCO), the Egyptian Company for Salts and Minerals (AMISAL) and Alexandria Mineral Oils Co. (AMOC).

In a statement on Sunday, Petroleum Minister Tareq el Molla said the petroleum sector is coordinating with the Environment Ministry in applying global environmental compliance standards with a view to achieving sustainable development goals in all industrial projects, especially in the petroleum industry domain.

He added the project aims at treating highly polluted industrial wastewater that includes hazardous materials like phenol. Phenol exposure is one of the hazards in the industrial wastewater treatment basin of any refinery. It additively interacts with hydrogen sulfide emitted from the wastewater basin. Consequently, its concentration should be greatly lower than its threshold limit value.

For her part, Environment Minister Yasmine Fouad said that her ministry has an ambitious plan to help industrial facilities to get rid of industrial waste.

NBE Chairman Hisham Okasha said that his bank’s strategy focuses on playing more active role in achieving “Sustainable Development Strategy: Egypt Vision 2030”.

The main objective of EPAP III is to set a framework for encouraging cleaner production uptake in Egypt by promoting technologies achieving significant pollution abatement in the industry, i.e. control, reduce or prevent anthropogenic emissions, including the greenhouse gas emissions (GHG).

According to the European Union External Action website, it will also improve the living and workplace conditions. The project will also strengthen the enforcement capacity of the Egyptian Environmental Affairs Agency making it more efficient and help the banks to become more pro-active in the financing of environmental projects thanks to capacity building in order to insure the sustainability of the project.

The benefits are that the program will reduce pollution levels in Egypt. This will improve the environmental conditions in the country, help reduce greenhouse gas emissions and improve living and workplace conditions for Egyptians.

By focusing on SMEs the project will also support job creation. Finally, the project will enable the bank industry to diversify its activities and offer a new type of service that is related to the environment.

– EGYPT TODAY

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

Novarick Appoints Otonye Lolomari as Non-Executive Director

Published

on

L-R: Non-Executive Director, Otonye Lolomari and Chief Executive Officer, Noah Ibrahim, both of Novarick Homes and Properties during the official presentation in Lekki, Lagos.

Novarick Homes and Properties Board of Directors has approved the appointment of Mr. Otonye Tony Lolomari as a Non-Executive Director. This takes effect from 21 of January, as the company is driven to reposition its management and business development for sustainable growth.

Lolomari brings over 24 years of industry experience which includes his position as a director of ICE Commercial Power in 2018, then moved to Chevron, Husky Energy and Schlumberger in Trinidad before joining the Novarick team. He also worked with leading companies and experts in different Continents like Europe, Africa and the USA.

According to Noah Ibrahim, CEO Novarick Homes, the new affiliation will position the company to make better decisions and propel the brand to a greater height. “We intend to continue collaborating with top professional within and outside our industry to achieve a well-rounded organization”, he noted.

Prior to his appointment, Lolomari has contributed and rendered supports in various forms to the goals and objectives of Novarick. The strong passion for inclusion, experimentation and empowerment drives his career towards a distinguished level of proficiency.

Furthermore, Novarick Homes operates other subsidiaries in segments like Property Development, Property Investment, Property Procurement & Advisory, Joint Ventures and Facility Management. The company is also working actively to achieve number 7, 9 and 11 of the 17 World Sustainable Development Goals.

Over the years, the firm has provided green, sustainable and smart real estate solutions using clean and renewable energy. Some major on-going projects include the Ruby Apartments, Nova Gardens and WAZOBIA Courts, all in Lagos State.

Novarick Homes and Properties is a fast-rising real estate development firm which was incorporated in 2018 and based in Lagos. The company is also focused on bridging the housing gap by building affordable and eco-friendly communities in Nigeria.

Download BAO E-MAGAZINE

Continue Reading

Aviation

Qatar Airways Expands Africa Network with Increase in Flight Frequencies

Published

on

Qatar Airways Aircraft (Source: YouTube)

Cape Town, Casablanca and Tunis will increase to five weekly flights, while Johannesburg will increase to 18 weekly flights, offering passengers more flexible and reliable travel options

Airline’s young mixed fleet of sustainable aircraft has enabled it to continue flying throughout the pandemic and rebuild its global network to more than 800 weekly flights to over 120 destinations via the Best Airport in the Middle East

Qatar Airways continues to be the leading global carrier connecting Africa, operating one of the largest and most reliable networks in the region. Having become the largest international carrier during the early stages of the pandemic, the airline has applied its unrivalled knowledge of global passenger flows and booking trends to rebuild its Africa network to 23 destinations and more than 100 weekly flights.

Qatar Airways Group Chief Executive His Excellency Mr. Akbar Al Baker, said: “We are proud to be the leading international carrier connecting Africa with Asia-Pacific, Europe, the Middle East and the U.S., offering more flexible travel options and a global network of flights that passengers, trade and business partners can rely on. Having launched three new destinations in Africa with Abuja, Accra and Luanda joining our network in 2020, we continue to demonstrate our commitment to the region by adding new routes and steadily increasing frequencies across the continent. With the resumption of Alexandria and Cairo, we will operate over 100 weekly flights to and from Africa with connections via the Best Airport in the Middle East, Hamad International Airport, to our global network of over 120 destinations. As global travel recovers in 2021, we look forward to further expanding our network and offering more connections to and from Africa.”

In line with the airline’s steady rebuild of its Africa network, Qatar Airways plans to increase frequencies to the following destinations:

  • Alexandria (two weekly flights resumed 25 January)
  • Cairo (up to 16 weekly flights resumed 18 January)
  • Cape Town (increasing to five weekly flights from 1 February)
  • Casablanca (increased to five weekly flights from 21 January)
  • Durban (increasing to three weekly flights from 14 February)
  • Johannesburg (increasing to 18 weekly flights from 26 January)
  • Maputo (increasing to three weekly flights from 14 February)
  • Tunis (increased to five weekly flights from 24 January)

The national carrier of the State of Qatar continues to rebuild its network, which currently stands at over 120 destinations with plans to increase to over 130 by the end of March 2021.

Qatar Airways has become the first global airline in the world to achieve the prestigious 5-Star COVID-19 Airline Safety Rating by international air transport rating organisation, Skytrax. This follows HIA’s recent success as the first airport in the Middle East and Asia to be awarded a Skytrax 5-Star COVID-19 Airport Safety Rating. These recognitions provides assurance to passengers across the world that airline health and safety standards are subject to the highest possible standards of professional, independent scrutiny and assessment. For full details of all the measures that have been implemented onboard and in HIA, please visit qatarairways.com/safety.

Passengers can book flights with peace of mind, knowing that Qatar Airways offers unlimited date changes and fee-free refunds for all tickets issued before 30 April 2021, for travel completed by 31 December 2021. The carrier’s industry-leading flexible booking policy also provides the permanent feature of exchanging tickets for a travel voucher with 10% additional value for all customers booking travel via qatarairways.com. For full terms and conditions visit qatarairways.com/Flexibility.

A multiple award-winning airline, Qatar Airways was named ‘World’s Best Airline’ by the 2019 World Airline Awards, managed by Skytrax. It was also named ‘Best Airline in the Middle East’, ‘World’s Best Business Class’, and ‘Best Business Class Seat’, in recognition of its ground-breaking Business Class experience, Qsuite. The Qsuite seat layout is a 1-2-1 configuration, providing passengers with the most spacious, fully private, comfortable and social distanced Business Class product in the sky. Qsuite is available on flights to more than 45 destinations including Kuala Lumpur, London, Melbourne and New York. It is the only airline to have been awarded the coveted ‘Skytrax Airline of the Year’ title, which is recognised as the pinnacle of excellence in the airline industry, five times.

Issued by Qatar Airways

Download BAO E-MAGAZINE

Continue Reading

Press Release

Business Africa Online Announces Its Strategic Advisory Board

Published

on

Business Africa Online (BAO) Board Members – Joy Harrison-Abiola, Amb. Olivier Arrindell and Prof. Remi Duyile

Business Africa Online very pleased to announce that Joy Harrison-Abiola, Amb. Olivier Arrindell and Prof. Remi Duyile recently joined its Strategic Advisory Board on the 15th of January 2021. Mrs. Joy Harrison-Abiola is a legal management professional with about 23 years’ experience in the legal industry. Currently, she is the Practice Administrator of a leading law firm in Nigeria, Adepetun Caxton-Martins Agbor & Segun (“ACAS-Law”). Amb. Olivier Arrindell was the Managing Director of Financial Planning, Investor Relations, & Corporate Planning for Grace Aviation Holdings, LLC, and in December of 2019 was appointed as the CEO of Ava Airways by its Board of Directors. While Amb. Remi Duyile who was recently appointed into the Forbes Coaching Council is a seasoned Mentor, business owner and an influence strategist who is passionate about helping people maximize their potentials.

They join Business Africa Online in an exciting and challenging times as we continue to drive our omni-channel forward and build deeper relationships with our critical stakeholders to fulfill our vision of enabling emerging leaders and businesses especially in Africa.

“We are confident they will provide valuable perspectives as we continue to execute our strategy, build an agile brand and make greater impact.  We look forward to their contributions and are excited they chose BAO” said Alaba Ayinuola, Business Africa Online Founder and CEO.

Get to know them better in this recent interview.

Mrs. Joy Harrison-Abiola

Could you briefly tell us about yourself and current engagements?

My name is Joy Harrison-Abiola. I am a legal management professional with about 23 years’ experience in the legal industry.  Currently, I am the Practice Administrator of a leading law firm in Nigeria, Adepetun Caxton-Martins Agbor & Segun (“ACAS-Law”). I am very passionate about leadership and business best practices. In 2008, I was instrumental in putting together the first law firm management development program (MDP) at the Lagos Business School (LBS) Pan-African University in collaboration with the Association of Legal Administrators (ALA) Lincolnshire Illinois USA. I serve in the leadership of the International Relations Committee of ALA.

I am a Fellow of the Institute of Strategic Management Nigeria (ISMN). I am serving a two-year term as the President of the Association of Law Firm Administrators, Nigeria (“ALAN”). I started off my career about 25 years ago writing copy for an advertising company. Today, I still enjoy writing a great deal. It is therapy for me – Presently, I am a columnist with Thisday Newspaper. I am married with two sets of twins.

What excites you about our organization and attracted you to join our Board?

The entrepreneurial spirit BAO exudes, embodied in its founder is attractive. BAO is very future focused. That is also attractive. What is also attractive is its social impact agenda, its concerted efforts at collaboration and bringing together different segments of the society. Last but not least, its Pan-African focus – I am a strong advocate of preserving what is beautiful in our heritage even as we embrace globalization.

You are joining at a particularly challenging times (global pandemic) What are your expectations in terms of growth?

Crisis provides a good backdrop to excel. It puts values and vision to the test yes but its also a good time to thrive. I am optimistic.

What is your view on entrepreneurship as a catalyst for Africa’s development?

Entrepreneurs think differently. They have a mentality that can turn trash to treasures. Entrepreneurship, innovation, are therefore critical to any country’s economic development; and certainly Africa’s. Africa is the last frontier for global growth. Entrepreneurship will prise open sectors such as agriculture, mining, trade, tourism, financial sector etc. Entrepreneurs are playing an important role in creating wealth and reducing the unemployment rate in Africa. Entrepreneurship will enhance the standard of living of our people   Botswana and China are good examples to reference – It is a viable developmental agenda for Africa to pursue.

How do you relax outside work and what books do you read?

I love listening to Jazz music – John Coltrane, Louise Amstrong, Nat King Cole, Asa, Sade Adu, Bez, Michel Buble, etc. Leadership books – Robin Sharma, John Maxwell, Dale Carnegie, Steve Murrell, etc. and of course my Bible.

Amb. Olivier Arrindell

Could you briefly tell us about yourself and current engagements?

Olivier Arrindell was the Managing Director of Financial Planning, Investor Relations, & Corporate Planning for Grace Aviation Holdings, LLC, and in December of 2019 was appointed as the CEO of Ava Airways by its Board of Directors. In this role, he is responsible and accountable to the Board of Directors for carrying out his duties and possesses a demonstrated track record in interacting with a policy board. Mr. Arrimdell plans, coordinates, directs, and is responsible for all activities associated with the operation of Ava Airways and its related economic development activities.

During his career, Mr. Arrindell has been instrumental in several initiatives including the development of Antigua & Barbuda’s new International Airport and many others, in addition, he has led the communications efforts around Grace Aviation’s company’s investment negotiation with investment partners and debt offerings. Most recently, he played a key role in the development and communication of Ava Airways balanced capital deployment strategy plan for its commercial airline plans which have resulted in favorable terms and conditions through a dividend principle policy.

What excites you about our organization and attracted you to join our Board?

What attracted me to your organisation is the fact that it is under the management and lead by young bright Africans. One of my goals is to give guidance and support Africans, Diaspora, Investment and community.

You are joining at a particularly challenging times (global pandemic) What are your expectations in terms of growth?

The current global pandemic is relevant to the growth and situation. I believe the expectation should organic. That’s growing organically regardless the pandemic. There are opportunities in challenging times.

What is your view on entrepreneurship as a catalyst for Africa’s development?

I believe that entrepreneurship is the machine that will move Africa forward. Government and African leaders should support the development of these entrepreneurs with policies that support the ecosystems.

Prof. Remi Duyile

Amb. Remi Duyile is a seasoned Mentor, business owner and an influence strategist who is passionate about helping people maximize their potentials. Remi’s unique value proposition is her ability to excel in Corporate America to the pinnacle of her career and transition to a successful serial entrepreneur with intentional impact. She enjoys the support of her loving husband and friend of 28 years plus and their adorable grown children of repute.

Remi is a certified trainer, Les Brown Platinum Speaker, and a member of the Forbes Coaches Council. She is also an author of the book titled “Perseverance the winning key to your destiny”

She has invested in herself in the area of human capital and personal development from a successful corporate executive who was the cynosure of eyes due to her commitment to mentorship and career growth of others to better serve the needs of individuals and business leaders in quest of growth and sustainability in their life journey. 

Remi is a certified human behaviour consultant with specialization in the DISC personality profile assessments for individuals, professionals, businesses and religious organizations.

She currently serves as a commissioner in the great state of Maryland USA, sits on several local and international boards in influential capacities for impact.  Member of the National Coalition of 100 Black women and other Notable associations. As a serial entrepreneur with social impact, she doubles up as President and CEO of Image Consulting Group and Founder of Legacy Premier Foundation in the USA.

Remi’s passion, dynamism, energy and the power in her story is evident in all her engagements with her clients. She is so fired up to helping develop leaders with succession and transformational leadership mindset so they can fulfil purpose, pay it forward and leave a legacy.

She is an example of faith, hard work, perseverance leading to countless blessings. Remi enjoys the support of her loving and supportive husband with her amazing adult children.

Download BAO E-MAGAZINE

Continue Reading

Ads

Most Viewed