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Trucks Transit Parks Ltd Dismisses Rumour of Court Removal of its MD

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Trucks Transit Parks Ltd. Dismisses Rumors of Court Removal of its MD, SiliconNigeria

The Management of Trucks Transit Parks Limited (TTP) had shed light on the news making the rounds in various news platforms in respect of an interim order granted by the Federal High Court, on 11th August 2022 in a matter against the co-founder of TTP (Mr. Jama Onwubuariri) in respect of the role of Managing Director of TTP. 

Clarifying the situation of things for its stakeholders and the general public, TTP stated “Our findings reveal that an interim injunction was indeed granted against Mr. Jama Onwubuariri by a judge of the Federal High Court on 11th August 2022.

But lawyers to Mr. Onwubuariri have filed an application before the court for stay of execution and discharge of the said order on the basis that certain facts were not disclosed to the court in the application for injunction such as the existence of the status quo earlier granted by another judge of the Federal High Court in respect of the same facts and the violation of same by the sponsors of the suit was not disclosed in their plaintiff’s application”.

The matter came up for hearing of the application to discharge the court order on Thursday 18th August 2022, but the plaintiff’s counsel informed the court that its processes were yet to be filed, because their deponent, Mr. Temidayo Adeboye, was not available to depose to the affidavit. Honouring the plaintiff’s counsel’s request, the court adjourned the matter to Tuesday 23rd August 2022 for a hearing of the application for stay of execution and discharge of the interim order.

TTP wishes to state categorically state that the injunction did not declare or appoint Mr. Temidayo Adeboye or anyone else as the Acting Managing Director of TTP. Therefore, all stakeholders and the general public are advised to disregard anyone parading him or herself as the Acting Managing Director of TTP and anyone who transacts with such person does so at his or her own risk.

Trucks Transit Parks would therefore like all stakeholders to disregard the news with the headline “Court Stops Ex-MD from Representing Trucks Transit Parks” and other related headlines. No change in the management of the company has taken effect and whatever changes do occur will be duly communicated. 

The management of TTP reiterates its commitment to stakeholders and the general public business operations continue uninterrupted. 

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Africa Region

Google Invests in Lori Systems to Help Bring Digital Transport Management to Africa   

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Google Invests in Lori Systems to Help Bring Digital Transport Management to Africa, SiliconNigeria

Lori Systems (www.lorisystems.com), the e-logistics company digitizing haulage and providing shippers with solutions to efficiently manage their cargo and transporters, has announced an investment from Google.

Named by the Financial Times earlier this year as Africa’s seventh fastest-growing company, Lori Systems has helped thousands of shippers and carriers move over $10 billion of cargo across the continent since its founding in 2017.

According to Knight Frank’s Logistics Africa report, 75% of the price of a product in Africa is attributed to logistics (compared to just 6% in the U.S.). On the continent, logistics operators face a host of problems; from fragmented supply and demand markets to inconsistent pricing, paper documentation and little or no access to financing.

A pioneer in e-logistics in Africa, Lori Systems lowers the cost of goods by eliminating pain points along the cargo journey: seamlessly connecting shippers to transportation, providing shippers with solutions to efficiently manage their cargo and transporters, and digitizing their entire transport operations from sourcing transportation to documentation and payments. 

This new investment is the third from Google’s $50 Million Africa Investment Fund, which CEO Sundar Pichai announced in October 2021. It comes off the back of the launch of Google’s first product development center on the continent, in Nairobi, Kenya, the city where Lori Systems first launched.

“At Google, we understand the transformative power digitisation can bring to the African continent. There is so much potential in the region, but it’s only through innovation that this can be fully unlocked. Lori Systems is a great example of how technology can be scalable across Africa, and how, in turn, this can drive meaningful economic development. We’re excited to see where the future takes a business like this.” comments Nitin Gajria, Google’s Managing Director for Sub-Saharan Africa. 

Jean-Claude Homawoo, Lori Systems Co-founder & CPO, comments, “In recent years the global logistics industry has seen much innovation. However global supply chains are in dire need of modernization, with technologies yet to reach critical scale.

On the continent, the African Continental Free Trade Area (AfCFTA) is expected to lead to an 81% increase in intra-African trade, providing a $21.9 Billion opportunity in untapped trade potential that the 54 ratifying countries are hoping to capitalize on over the next 5 years. Logistics is key to unlocking this opportunity.”

“We’re excited to have Google as a partner as we continue to build the operating system for emerging market logistics. Our vision of the future of logistics in Africa is one that is digital, scalable and more efficient.” said Lori Systems CEO Uche Ogboi.

“We have been successful, achieving up to 20% price reduction for cargo owners and nearly 2x increase in truck utilization for transporters on our platform. We are excited about this funding as it will allow us to continue driving superior efficiencies across logistics on the continent,” Ogboi added.

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Technology

Earth Networks and NiMet Announce Weather Services Partnership

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Earth Networks and NiMet Announce Weather Services Partnership, SiliconNigeria

Earth Networks, a global provider of weather intelligence, announced on Wednesday it formed a partnership with the Nigerian Meteorological Agency (NiMet). The agreement includes a five-year collaboration to build the Nigeria Total Lightning and Mesoscale AWS Network (NTLMAN) for early warning of severe weather. The partnership was commemorated during a live virtual Memorandum of Understanding signing ceremony from Abuja and Germantown, Maryland.

Under the agreement, Earth Networks and NiMet will deploy and operate a comprehensive early warning lightning detection network in Nigeria and jointly co-market new sources of weather and lightning data to public and private industries in Nigeria. Precision weather stations and lightning sensors will be hosted at NiMet locations and maintained by NiMet staff.

In addition to the network equipment, Earth Networks will also provide training and development for NiMet staff regarding use of comprehensive weather data, including real-time and historical lightning data, weather observations, sensor forecasts and live storm-tracking and alerting.

This new agreement with NiMet supports Earth Networks’ commitment to build sustainable public-private weather information services partnerships with countries around the globe. Government agencies and private enterprises in Nigeria alike will now have access to a complete suite of visualization, forecasting, storm identification, alerting, and tracking services, developed and offered jointly by NiMet and Earth Networks.

This cooperation means any industry affected by weather in Nigeria, including aviation, oil and gas, mining, and manufacturing, can now take advantage of the most technologically advanced severe weather alerts and data to promote safety and ease operational challenges caused by weather.

“We’ve been working in more than 25 countries in Africa since 2013 to save lives and protect property with high-resolution weather and lightning data,” said Jim Anderson, Vice President of Global Sales at Advanced Environmental Monitoring, Earth Networks’ parent company. “We are excited to partner with NiMet to help accelerate the expansion of their high impact weather forecasting capacity and bring new weather warning services to enterprise customers in Nigeria.”

In his remarks at the virtual MOU signing ceremony, U.S. Embassy Environment, Science, Technology, and Health Officer Adam Jagelski said the partnership between Earth Networks and NiMet will help expand Nigeria’s capacity to accurately provide critical weather forecasting information and climate services, supporting Nigeria’s economic development by protecting the lives and property that are critical to several key sectors.

“The signing of this MOU is exemplary of the mutually beneficial partnership model U.S. businesses can employ to engage the Nigerian market,” Jagelski said. “I am thrilled to see Earth Networks using the partnership model to bring the expertise of one of America’s truly innovative companies to the strategic infrastructure sector in Nigeria.  We hope to see more of America’s premier companies developing partnerships as a means to bring their best-in-class products and services to Nigeria and the whole of Africa.”

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