BusinessDay 22 Mar 2019

Page 8

8 BUSINESS DAY NEWS

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Ethiopian Airlines refutes reports that pilot in Boeing 737 MAX crash was not properly trained IFEOMA OKEKE

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thiopian Airlines said the pilot that flew the Boeing 737 MAX 8 that crashed earlier this month was properly trained, saying reports that he had not practiced on a flight simulator designed for the new plane were not true. Two reports — one from Reuters, and one from the New York Times — cited anonymous sources who said Yared Getachew, the pilot who died along with all 157 people aboard Ethiopian Airlines Flight 302, had not practiced on a Boeing 737 MAX flight simulator to prepare for differences between the new plane and earlier 737 models. Ethiopian Airlines, which had the simulator since January, disputed those claims in a statement Thursday, saying its pilots had completed appropriate training, as recommended by the US Federal Aviation Administration (FAA) and Boeing. Additionally, the airline said the 737 MAX flight simulator was not

designed to include problems with the new plane’s automated systems, which are suspected of contributing to the crash. “We urge all concerned to refrain from making such uninformed, incorrect, irresponsible and misleading statements during the period of the accident investigation,” the airline said in the statement. “International regulations require all stakeholders to wait patiently for the result of the investigation.” The airline also expressed “disappointment” over the Times’ “wrong reporting.” The Ethiopian crash has drawn international scrutiny because it is the second deadly crash of a Boeing 737 MAX 8, Boeing’s best-selling commercial airliner. The first crash involved a Lion Air flight in Indonesia in October. Some are questioning whether the plane’s automated Manoeuvring Characteristics Augmentation System (MCAS), which is meant to prevent stalls, caused both crashes.

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Consumer goods, financial services top attractive Huawei to boost inclusion for channel partners investment sectors in Nigeria - KPMG survey n an age with rapid but today, we have more MICHEAL ANI

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PMG Professional Services recently presented its second edition of the KPMG “Doing Deals” report to the public, in Lagos. The report titled: ‘Doing Deals in Nigeria 2019 – Key Insights from Dealmakers’ is the result of a survey of 50 senior business executives working in global companies that have a presence in Nigeria, and have completed at least one acquisition in Nigeria in the last four years. 70 percent of the respondents are strategic investors while 30 percent are financial investors with 66 percent resident abroad and 34 percent indigenous respondents. Findings from the survey indicate that Nigeria remains an attractive destination for investors seeking sustainable growth opportunities within the continent. Consumer goods, financial services, energy, mining and utilities, telecoms, media and technology and business services sectors accounted

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for about 88 percent of investments in the country in the last two years. The survey attempts to take the pulse of buyers in their approach to this sometimes complex but rewarding market. According to Dapo Okubadejo, partner/head, Deal Advisory and Private Equity, KPMG in Nigeria, the focus for the second edition of the report is “on investors who not only provide capital but have a presence in Nigeria. These respondents are able to provide a lot more feedback in terms of their local experiences, thereby giving a more robust feedback than the First Edition.” The report also provides potential investors with insights into how best to do deals in Nigeria, leveraging the experiences of people who have been through the process and completed transactions. Ijeoma Emezie-Ezigbo, partner, Deal Advisory, KPMG in Nigeria, presented a summary of the survey findings focused on three parts; the case for Nigeria, deal dynamics and key deal drivers.

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advancements in ICT innovation solutions, technologies such as 5G, AI, IoT, and cloud computing are becoming the new reality. The ICT industry in Nigeria is rising up to the occasion, as ICT increasingly becomes the foundation for digital economies and producing an intelligent world. As a leading global provider of ICT infrastructure, Huawei is committed to helping enterprise organisations expand the boundaries of their businesses, to find routes to new growth; to explore innovative technological solutions and build new business opportunities. At the ‘Huawei Nigeria Eco-Connect 2019’ in Lagos, which was well attended by over 500 Huawei channel partners, the CEO, Huawei Enterprise Nigeria, Tank Li, expressed delight in the growth of ICT in Nigeria and unfolded Huawei’s plans to deepen its investment in Nigeria. Tank Li said, “Today, I feel really amazed. Three years ago we only had 20, or maximum 25, channel partners in this kind of event,

than 500 channels registered. This shows the great confidence that we put in this country, Nigeria. It is still the biggest economic entity in the African continent.” According to Tank Li, Huawei also aims at enhancing its relationship with its partners to further develop the Nigerian market. This will be achieved by creating an ecosystem around the partners. He emphasised this stating “…in our enterprise business, our core value is really to build an ecosystem with our partners together. In 2019, we will raise our connection with the partners ecosystem and we will call it ‘Huawei Insight’, that means we will enlarge our collaboration with all the partners.” Tank Li speaking on Huawei’s determination and commitment to put more investments in Nigeria and in the ecosystem of its partners, also said, “Our partners are the most important platform. Huawei is willing and ready to share the profit with its local partners for a sustainable ecosystem, where all partners can grow together.”

Search for Senate President: Will history repeat itself? The inability of All Progressives Congress (APC) Senate Caucus to forge a common front as the battle for Senate Presidency in the 9th Assembly rages is raising concerns.

Agenda for next House of Representatives

Escape to Canada …How frustrating political, socio-economic situations drive The excruciating political and socio-economic condition of Nigeria is daily becoming more suffocating for many citizens. The desire to “check out” of this ‘gaddem’ place is so strong that many people are now doing everything humanly possible to achieve this aim.We serve you this sad story with accompanying data.

Digital Marketing What is social media management and why use a social media management agency? You must find out.

The Rivers conundrum The economic losses, fatalities and casualties of the endless Rivers political crisis


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BusinessDay 22 Mar 2019 by BusinessDay - Issuu