VenturesNow

Mobility giant, GIGM, strengthens industry position with new leadership team to run its W’African operations

Published

2 years ago

May 16, 2022

GIG Mobility (GIGM), a tech-enabled mobility company, under the management and leadership of Greatman Legend (formally GIG Group) has announced the appointment of Enahoro Okhae as Chief Executive Officer for GIGM.

Enahoro will drive the company’s strategic objectives while focusing on creating an agile and innovative culture that promotes proactive responses to emerging trends, changing market conditions and the dynamic needs of consumers in the digital age.

He brings over 16 years of senior leadership experience working with leading brands.

In his new role, Enahoro will further position the company for the next phase of growth while building an aligned team with a disruptive productive mindset across the diverse cadets within GIGM.

“I believe that GIGM is ready to move from its founders, and engaging on actionable steps to strengthen our goal to provide innovative and disruptive products as well as build an empowered and efficient workforce is something we are committed to at GIGM,” he said.

“Enahoro brings unquantifiable experience to this role and will drive value for all stakeholders through his leadership and initiatives. I am delighted that we were able to get him to embrace the long-term vision of GIGM as he takes on this new role”, said Chidi Ajaere, CEO, Greatman Legend.

Following the appointment of a new CEO and an expanded senior leadership team, the mobility-based company is focused on building tech-focussed solutions that promote shared ownership of GIGM with customers as well as simplify daily transactions. A recent innovation is the deployment of a self check in system powered by technology.

Commenting on his new role, Enahoro said, “technology has been pivotal in positioning GIGM as an industry leader, and technology will be the premise on which the company will continue to lead the industry.

“The digital age is primarily characterized by customer-first features with crucial attention paid to customized services. This new dispensation will focus on implementing future-proof business strategies while integrating more lifestyle features into the GIGM application enabling users to “do things freely while moving freely.”

The new CEO also seized the opportunity to share his vision with the public as he takes over the leadership.

According to him, “Mobility is beyond movement; it is about the ability to move easily and unhindered irrespective of the channel; land, rail, water, air or virtual/augmented reality.

“While moving freely, people should also be able move things freely. This is the new renaissance of GIGM and the bedrock upon which we will embed more lifestyle features in the existing customer app.”

Enahoro also hinted that he would address the generic challenge of maintaining high service delivery standards, which could deter growing businesses if not handled foundationally.

“GIGM is executing plans to increase the company’s value, offerings and reach, and as a team, we look forward to this new chapter of the GIGM story. I am excited to continue working on meaningful products that create value for users while also strengthening my capacity,” he concluded.

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Botswana grants a mining permit for its first manganese operation

Published

6 hours ago

September 19, 2024

Ifeoluwa Dada

Giyani Metals, Botswana’s first manufacturer of manganese suitable for batteries, revealed that the country had granted it a 15-year mining permit.

The demand for manganese, a crucial component of batteries, is anticipated to rise due to the rise in electric vehicles and other clean energy applications.

One of the few battery-grade manganese projects outside of China is Giyani’s Kgwakwe Hill (K.Hill) project, which will process manganese oxide material on-site to generate high-purity manganese sulphate. 90% of the world’s supply of high-purity manganese is controlled by this Asian nation.

An early economic study from 2023 states that the K. Hill mine will produce 80,000 metric tonnes of high-quality manganese sulphate monohydrate annually throughout a 57-year life.

“The next step is production of battery-grade manganese from our demonstration plant, which is under construction in Johannesburg, South Africa,” the Canadian company said in a statement.

It further stated that the product from the demonstration facility will be utilised for off-taker qualification, an essential stage before the signing of offtake agreements.

The diamond industry is very important to Botswana, which produces the most diamonds globally in terms of value. The gem industry accounts for 30% of national income and 70% of foreign exchange earnings.

The nation wants to diversify its mining industry by using resources including iron ore, nickel, copper, and coal.

The nation is home to three active copper mines in addition to its two active coal mines.

The demand for battery metals like manganese is predicted to decrease the nation’s dependency on diamonds as a result of the growing need for green minerals worldwide brought on by the energy transition.

VenturesNow

Ghana records fastest growth in 5 years as GDP expands by 6.9% in Q2 2024

Published

6 hours ago

September 19, 2024

Ifeoluwa Dada

Ghana has recorded its strongest rate of economic growth in five years in the second quarter of 2024, with the country’s statistics agency reporting on Thursday that the country’s GDP expanded by 6.9% year over year.

The country, which is a top producer of cocoa, oil, and gold has been battling the greatest economic crisis in a generation as a result of spiralling public debt, the robust rise signifies a noteworthy comeback.

“The 6.9% growth rate is the highest since the second quarter of 2019 and it was driven largely by strong expansion in the extractive sector, just as we saw in the second quarter of 2019,” government statistician Samuel Kobina Annim said.

Mining and quarrying contributed to the 9.3% growth in Ghana’s overall industry sector, while the gold sector climbed by 23.6% during the quarter for the third time in a row. Agriculture expanded 5.4%, but the services sector grew by 5.8%, according to Annim.

However, the cocoa sector shrank by 26.2% for the fourth consecutive quarter, underscoring the effects of a persistent drop in crop output brought on by disease and unfavourable weather.

The West African state is benefiting further from the economic recovery as it restructures its debt. After striking a preliminary restructuring agreement with two bondholder groups, it has extended an invitation to holders of its about $13 billion worth of international bonds to exchange their holdings for new instruments.

Bondholders can accept the offer until September 30. However, there will be a 1% consent fee for those who accept it before an early deadline of September 20.