Tag Archives: TheGlowingColours

Economic Impact of COVID-19 on Nigeria According to mercer

Global consulting firm, Mercer, have hosted a webinar on the impact of the deadly coronavirus (COVID-19) outbreak in Nigeria. Some of the challenges countries across the world are facing include debt increase, oil demand decline, and rising unemployment. 

Lesiba Mothata, Head: Strategic Clients, Alexander Forbes kicked off by introducing some of the effects of the virus and how to better understand the times. He explained the trend of past crises such as the Great Depression and World War II by presenting two possible outcomes in relation to a global financial crisis. 

  • Scenario 1 showed that with the virus contained, there would be slow recovery which would then result in a -8% total drawdown.
  • Scenario 2, on the other hand, points out that with a virus resurgence, there would be slow long-term recovery with a -13% total drawdown from the previous peak. 

He also shed some light on the oil market’s impact. “Once the US is hit; the largest economy in the world, it impacts everything else. In Nigeria’s case it will affect the demand for oil which is its major source of revenue generation,” Lesiba explained.

Thus, in order for oil dependent economies like Nigeria to navigate the tides, the economy must be diversified while adopting a progressive approach that would boost the country’s Gross Domestic Product (GDP). The government will also need to nurture sectors that have increased in significance (agriculture, trade and services). 

Secondly, private capital sectors that declined will need to be re-opened. For instance, manufacturing, construction, and public transport sectors. Also, SMEs make up about 70 percent of Nigeria’s GDP and as such need to be protected. The sector is a driver of growth which will prove to be unique post COVID-19. 

Lesiba concluded by stating some of the available opportunities for Africa’s largest economy. Nigeria’s diaspora remains a significant market player, which means  there will be no need to halt remittances as those in diaspora tend to be highly skilled professionals and in critical sectors. 

Considering Africa is well on its way to adopting technological advancements, Nigerian regulators might be encouraged to expedite the commercial use of 5G technology to enhance faster mobile connectivity.

How are employers in Nigeria supporting their employees ?

According to Nick Zaranyika, Business Leader: West Africa, Africa has unique challenges and our fight against COVID-19 is going to be different. 

Despite having a strong youthful population, who, according to research may be less vulnerable to COVID-19, Africa poses a large threat when compared globally, due to weak healthcare systems and testing capabilities. There is also the challenge of other existing medical battles such as, HIV/AIDS, Tuberculosis, Ebola and Malaria. Hence, organizations are tasked with supporting employee wellbeing and safety.

In Nigeria, big multinationals have started to review policies that will protect their businesses while exploring opportunities that may arise during this period.

There have also been cash donations. A coalition against COVID-19 has been established and they’ve donated about $56million towards the fight against the deadly virus. The Nigerian National Petroleum Corporation (NNPC), alongside others have also recently joined the movement. Guaranty Trust Bank (GTB) set up an isolation center in Lagos while Ecobank has launched a series of awareness campaigns. E-commerce and tech startups like Jumia and Lifebank are not left behind and have made their own contributions as well.

“Insurance companies in Nigeria would not usually include a pandemic in your insurance coverage. But a few who have established long term relationships with their clients are making exceptions,” Nick Zaranyika,

The new normal

What will the new working environment look like? How should companies approach things during this period? Does my insurance at the moment have the adequate cover for COVID-19?

  1. The first step would be for employers to rethink their strategies and working conditions. “One of the most important things would be hygiene,” Tamara Parker, CEO of Mercer South Africa. “HR has to redefine policies like remote working and provide internet access.”
  2. Secondly, there is a need for organizations to better understand various workforces and how best to move things along. For instance, industries like manufacturing may require different approaches when compared to the financial services sector. Also, various industries need to be creative while meeting demand. A good example is the fashion industry where top designers like Louis Vuitton are already producing stylish face masks as part of their outfits. But overall, there shouldn’t be a rush. The process of resuming regular work activities need to be phased.
  3. Productivity and mental health is another crucial factor to consider. During these trying times, employers are encouraged to provide mental health support. In response to a question from one of the guests on maintaining a healthy balance, Tamara emphasized the need for compassion and empathy from leaders. She also advised that considering certain administrative activities may be tedious or unnecessary during this period, other means of managing and reviewing performance should be adopted. 
  4. Employers may also want to consider enhancing financial support to employees with additional innovative solutions which are emerging during this pandemic. For employees in Nigeria who will be returning from heavily infected areas like Kano state for instance, there needs to be regular testing and other appropriate measures to protect the entire workforce.

While COVID-19 may hit Nigeria hard, opportunities abound. By identifying the sectors with high growth rates alongside more efforts in the upskilling of labor, the country will be better positioned to cushion the impact of the pandemic.  

Cuba and Old Khaki’s Youthful Summer Collection

We’re living for the Old Khaki’s SS18 collection. The South African brand is bringing Cuban vibes this Summer. A beautiful infusion of old Cuba and tropical summer – very ‘buena vista’. The collection brings summer vibes, think millennial pink, summer berries, yellows, olive green and shades with a dark base accentuated by vibrant prints.

“Picture dark jumpsuits, worn on their own or offset with a fresh white T-shirt underneath, or shadow-patched, mid-wash skinny jeans or bright blue stretch jeggings teamed with a loose off-the-shoulder top. Pair culottes with comfortable sneakers or sandals,” says Old Khaki’s womenswear buyer, Dalene Gourley. “Our new range of embroidered, off-the-shoulder dresses is just right for easy-wearing on a hot summer night, and then there are our fabulous kimonos, perfect for slipping into after a day at the beach – a first for Old Khaki.”

Old-Khaki_SS17_TheGlowingColours_AfricanFashion_New Collection Old-Khaki_SS17_TheGlowingColours_AfricanFashion_New Collection

You know nice shorts and dresses will provide cool relief on a hot day. This feminine, playful attention to detail is carried through in the raffia pompoms on their sun hats and the tasselled accessories and scarves.

For the first time, Old Khaki is offering women a choice between sun hats and caps with floral detailing. How awesome.

The Cuban theme is also in the menswear range. Unlike the womenswear, it has more graphic and tropical prints. In terms of the colours, there’s a lovely combination of millennial pink and summer berries with olive green and charcoal, or yellow with navy and olive.

Let’s Talk Shoes!

For women, there is a great variety of sandals featuring lace-ups, gladiators, sliders and espadrilles – summer’s quintessential slip-on-and-step-out shoe. More sturdy, but no less stylish, are their sneakers that include options in tan, grey, navy and pops of olive green to echo the season’s fashion colours.

Sneakers make up a big part of the men’s footwear range, too, with a choice of blue, grey, olive or black. In addition, staples such as Caterpillars are back on the shelves, as are wrap sandals, thongs and fisherman sandals.

 

Old-Khaki_SS17_TheGlowingColours_AfricanFashion_New Collection Old-Khaki_SS17_TheGlowingColours_AfricanFashion_New Collection Old-Khaki_SS17_TheGlowingColours_AfricanFashion_New Collection

The first items are already available in store and now online www.oldkhaki.co.za

Facebook: OldKhaki

Twitter: @old_khaki

Instagram: @oldkhaki

Event: Justine Mahoney Opens Solo Show at Southern Guild Johannesburg

Don’t miss the chance to check out artist Justine Mahoney’s new exhibition which opened at Southern Guild in South Africa. The art exhibition is titled tainted and it’s a solo show of the Johannesburg-born artist.

Justine Mahoney-Solo-Show-SouthernGuildtainted presents a study of the jostling schizophrenia that exists between an apparent playful veneer and the darker element that lurks beneath the surface, presenting 10 sculptures and the corresponding collages from which they are drawn.

Justine Mahoney’s body of work are currently based on one seminal miniature sculpture which recall’s her first memory. At the age of three she was hospitalised for a bone degenerating disease in her left leg, a plaster cast was worn for that year. According to the artist’s bio, ‘her work deals with the struggle of life. Emotional and physical states are represented by an array of growths, swellings, attachments and almost parasitic mutations. An army of toy soldiers multiply. Siamese twin, freak, maimed, wounded, weighted, monstrous, transformed children belie their perfect toy like surface.’

About Southern Guild:
Southern Guild is the premier gallery for collectible,
limited edition South African design, showcasing
the most important work the country has to offer.

JOHANNESBURG
Southern Guild & WHATIFTHEWORLD
Trumpet Building
19 Keyes Avenue, Keyes Art Mile
Rosebank, Johannesburg

Exhibition runs until 1 July

Multiple explosions kill 7 in Borno – Police

Multiple explosions has killed 7 people in Borno today.

The Borno Police Command on Wednesday confirmed the death of seven persons, including three suicide bombers, in Tuesday night’s explosion at the outskirt of Maiduguri, reports Premium Times.

Smoke-explosion-Nigeria

The State Commissioner of Police, Aderemi Opadokun, made this confirmation while speaking with journalist in Maiduguri.

“At about 7.41 pm on Tuesday, there were Improvised Explosive Device (IED) explosion in three locations at the outskirt of Maiduguri.

“The locations are Gidan Shanu behind Bakassi estate, Sajeri and Bulumkutu,” Mr. Opadokun said.

“Seven people, including three suspected suicide bombers, died, while eleven persons were injured.

“All the casualties have been removed from scene and taken to the hospital and normalcy has been restored,” he said.

(NAN)

CadGallery: MAKING MONEY IS LIKE HITCH HIKING

On Features you can find stories, opinions, views and experiences of Africans. Be warned that the posts on Features may be found provocative and entertaining, we do not take any responsibilities of the views or comments influenced by the articles.

***********************************************************************************************************************

dawn oliver

Making money is like hitch hiking….
For people born with normal spoons only.
Silver spooners shouldn’t  have a reason to hitch hike of course; but if the spoon makes it’s way out, come back to read this.

Yea, so, we were born stranded already in our life’s journey (life’s journey discussed in previous post of the pretty model in a little dress on the stairs) but then we got of age and ready to travel.
Don’t own cars so we have to hitch hike to destiny or a Lagos or Wall Street. Money is the driver.
Only because it spoke in a language none of us understood, most of us signalled to be dropped at the next bus stop or immediately.
You expected it to speak your mother tongue but it spoke maybe Swahili? Loll I don’t blame you, safety first!
You waited so long and found an English speaking driver. It soothes you. He dropped you quarter way. You waited again, found your mother tongue, he dropped you shortly. You will eventually get to your destination, I pray, to meet that Swahili speaking driver already there. He runs the place. He looked at the CV still in your hands, he greets you again, but you still don’t understand. I appear behind you all smiles and translates what he had said. “Where are you going, friend; and what can you do for the people there?”
You hated yourself. Such a simple question! Lol.

An entrepreneur studies his environment, learns exactly what needs to be learnt, has a vision that must solve a problem and carry plans in his hands. He has a dogged faith or mission vision in corporate terms and ultimately, the risk of boarding a bus with strange foreigners is a risk he is very willing to take.

I’m writing this from the bus. Cos I like to converse and meet new people but no one in the bus understands me. They be making faces since I was picked. I’m almost frustrated but I know I’m headed the right way!

Now, who’s gonna take the any next bus?
It’s a greatness new week!! By the way, @natgeo, we drive scenic roads too! Picture taken as we travelled through the robust Enugu-Portharcourt expressway. On an #EasternTour
@BillAchusim

Bill Achusim
@BillAchusim Instagram/Twitter
fb.com/billpeters7
billachusim@gmail.com

 

Cadgallery aims to provoke dialogue through sharing stories of African and Nigerian socio-dating scene and the cultural influence on our modern society.

Join the conversation by following @cadgallery @BillAchusim Instagram/Twitter

[Image via Cadgallery]