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Business News

Kenya’s tech sector welcomes a Nigerian rival, Bluechip Technologies 

Tech companies in Nairobi have a new competitor in town and it’s Nigeria’s Bluechip Technologies. Establishing an office in the East African region means Bluechip Technologies is now present in four African countries. 

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Bluechip Tecnologies

Tech companies in Nairobi have a new competitor in town and it’s Nigeria’s Bluechip Technologies. Establishing an office in the East African country means Bluechip Technologies is now present in four African countries.

With operations already established in Ghana and Zambia, Bluechip Technologies Managing Director, Victor Murage said the company’s presence in Kenya was to help proffer solution to the country’s business process automation challenge.

What you need to know: Bluechip Technologies Limited is a full-service business applications firm dedicated to providing vendor-neutral solutions that bring industry best practices to bear in developing client data management solutions.

[READ MORE: You can buy this listed company for less N100 million]

The services rendered by Bluechips Technologies include infrastructure, consulting services and analytics which involves consolidating data from multiple data sources with varying data structures and providing insights on how to increase sales and revenue, acquire new customers, cut cost and improve customer service for companies.

Bluechip Technologies

Bluechip’s plan for Kenya: The company’s operation in Nairobi would be centred on Customer Master Data Manager and Cash Complete, a robust enterprise resource planning application designed to improve cash management.

Murage, who had previously headed the West African wing of American education technology company, Blackboard Inc, while speaking on behalf said the achievement of Bluechip Technologies cuts across the financial market and the telecommunications sector.

“We are a leading specialist business application and data management consulting firm, delivering world-class services and values in Nigeria and Sub-Saharan Africa.

“We have helped several clients including banks and telcos turn their vital business data into a competitive advantage by implementing custom analytics solutions using Big Data and machine learning technologies.

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“We believe that business process automation is a challenge in the East African region, that’s why we see the need to build our customer support centre in Nairobi. We have already started operation in our offices in Westlands.”

[READ ALSO: Two insurance stocks to keep an eye on this week]

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Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

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Corporate Press Releases

P2P crypto marketplace, Bitzlato (BZ) partners with Lemonade Finance to ease money transfers across Africa

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

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Bitzlato (BZ), the latest P2P Crypto Exchange to enter the African market, has added Lemonade.Finance, a borderless payment platform for Africa, as a payment method to its platform.

Lemonade Finance provides 100% digital payment experience for Africans to seamlessly participate in the global economy from anywhere in the world without any hassle or regardless of where they are from.

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

Users in Nigeria will now be able to send Nigerian Naira (NGN) to MPESA at 0% transaction fee.

Speaking about this partnership, Ridwan Olarere, CEO, Lemonade Finance, said:

“We are excited to partner with such an innovative company like Bitzlato to connect more Africans through payment. Many Africans living on the continent face many difficulties when making payments as remittance companies charge high fees and are time-consuming. We are now providing our users with a cost-effective way of sending money to Ghana, Kenya, Uk and Europe.”

Commenting on the opportunities this provides to crypto traders on the BZ platform, Mike Lunov, CEO, BZ, said:

“This partnership will provide a much-needed gateway that enables the markets we serve to seamlessly interact with each other in a borderless and open environment. We seek to break the barriers that presently exist for cross border transfers and enable our users to generate value through the opportunities that accrue from cryptocurrencies trading. The innovation exhibited by the Lemonade platform, and the brilliance of its team assures users of top-notch, secure and reliable transfers going forward.”

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According to BZ, during the first month, BZ will refund commissions in manual mode while using Lemonade Finance, but this will be automated at the end of this period.

Following this partnership, BZ is now looking to partner with merchants in the crypto space especially in Nigeria, Ghana, South Africa that have a steady flow of Nigerian Naira (NGN) to increase liquidity on the platform.

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Take advantage of the new Lemonade Finance payment method on BZ, which offers zero transactional fees for money transfers from Nigeria into Kenya. Sign up on BZ and start trading crypto easily today.

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Business News

Senate calls for the liberalization of cement policy to crash the price of the commodity

The Senate also tasked the FG on providing more industrial incentives to bring new players into the cement industry.

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BUA Cement

The Nigerian Senate has called for the liberalization of Nigeria’s cement policy to boost production and subsequently crash the price of the commodity in the country.

This motion was raised by Senator Lola Ashiru at today’s senate plenary, the senator also tasked the Federal Government on providing more industrial incentives to bring new players into the cement industry, in addition to the liberalization of the cement policy in Nigeria.

Ashiru explained that to reduce the price of cement and in extension, other building materials in the country, the Federal Government needs to provide an enabling operating environment that will encourage new entrants in the country.

The Senate in conclusion called on the FG to provide more industrial incentives and protections such as concessionary loans and larger tax incentives to encourage new entrants and expand the national cement production infrastructure, as this boost in production will lead to a downward review of cement price in Nigeria.

What industry leaders are saying

Earlier this year the founder of BUA Group, Abdulsamad Rabiu, called for the liberalization of Nigeria’s cement policy to boost production and reduce the price of the commodity.

The billionaire philanthropist faulted the belief that Nigeria is self-sufficient in terms of cement production, noting that recent statistics and figures on Nigeria’s population and cement production do not support this status of sufficiency in cement production as stated by some individuals.

He attributed the high price of cement products in the country to the supply gap which exists in the country, as the few producers who currently operate in the country are unable able to meet the country’s huge and growing demand.

The Group Executive Director, Strategy, Portfolio Development and Capital Projects, Devakumar Edwin, explained that the demand and consumption of cement in the nation currently outstrips supply, and this can be pegged on the growth in the country’s population, and the strong appetite for real estate investment and construction in the country.

He revealed that a supply gap of about 40% exists in the country’s cement market and that all players in the industry are working hard to level production with the rising demand in the country.

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