ACHIEVING MORE
DIAMOND TRUST BANK
PROGRESSIVE FINTECH EMERGING FROM THE SILICON SAVANNAH
ISSUE 117 WWW.BUSENQ.COM SEPTEMBER 2023 DRAPER TOOLS BUSINESS-WIDE GROWTH FOR BRITISH BASED SUPPLIER
CyPlus. Value explorers. Sustainable innovations beyond cyanides. More detailed information can be provided on request. Contact Us: webteam@cyplus.com
CyPlus is a regional leader in cyanides that offers strong technology services. For almost 70 years, we have dedicated ourselves to the manufacturing and supply of cyanides (sodium and potassium cyanide) to our customers worldwide.
With production sites in Europe and Mexico, we ensure proximity and the optimum supply chain to our customers. Both production sites are certified according to the International Cyanide Management Code (ICMC).
Visit
us at: cyplus.com
CyPlus. Value explorers. Sustainable innovations beyond cyanides.
CyPlus is a regional leader in cyanides that offers strong technology services. For almost 70 years, CyPlus has dedicated itself to the manufacturing and supply of cyanides (sodium and potassium cyanides) to their customers worldwide in the precious metals mining, metals surface treatment, and chemical & pharmaceutical industries.
Employing more than 100 staff and running production sites in Europe and Mexico (the CyPlus Idesa joint venture) and sales offices worldwide allows CyPlus to ensure proximity to their customers and a reliable supply chain set-up.
CyPlus was a proactive member of the multi-stakeholder steering committee developing the International Cyanide Management Code (ICMC). The ICMC is a voluntary certification program of best practices for the management of cyanide in gold and silver mining. CyPlus plant in Germany is certified as per the cyanide producers' protocol of the ICMC since July 2006 and passed its sixth re-certification in September 2021. Our JV CyPlus Idesa in Mexico is also successfully certified. CyPlus ensures
that all of its supply chains to global customers are certified.
In addition to supplying and handling cyanides, CyPlus provides safe and responsible management throughout the lifecycle of the metal. Yet CyPlus goes beyond simply being a supplier to their customers.
The CyPlus Environmental, Safety and Health team provides training sessions for customers, distributors, and transporters worldwide to ensure the safe handling of cyanides. The training focuses on security, quality, and environmental protection measures.
In addition, CyPlus offers guidance on the proper use and storage of cyanides to ensure the safety and well-being of its customers. The CyPlus experienced Innovation and Applied Technology team can provide the CyPlus® CET with the customer benefit of a specific process design solution for the effluent treatment of cyanides.
Thank you for your interest! CyPlus would be happy to receive your inquiry.
Contact:
4 Issue 117 · Business Enquirer Magazine
www.cyplus.com, webteam@ cyplus.com
CyPlus is a regional leader in cyanides that offers strong technology services. For almost 70 years, we have dedicated ourselves to the manufacturing and supply of cyanides (sodium and potassium cyanide) to our customers worldwide.
With production sites in Europe and Mexico, we ensure proximity and the optimum supply chain to our customers. Both production sites are certified according to the International Cyanide Management Code (ICMC).
· Issue 117 5
MEDIA
Jamie Waite
Partner & Creative Director jamie.waite@busenq.com
John Wilson Partner & President john.wilson@busenq.com
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Project Director ebony.tomkinson@busenq.com
Glen Newton Senior Project Director glen.newton@busenq.com
Gary Smith Senior Project Director gary.smith@busenq.com
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Head of Business Acquisition ben.saunders@busenq.com
EDITORIAL FINANCE
Claire Dunn Global Credit Controller claire.dunn@busenq.com
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Tanya Rudd Head of Finance tanya.rudd@busenq.com
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Didie Nturo Lead Photographer didie.nturo@busenq.com
WHERE TO FIND US WWW.BUSENQ.COM INFO@BUSENQ.COM 6 Issue 113 · Business Enquirer Magazine
A WORD FROM OUR EDITOR
Welcome to September 2023’s release of Business EnquirerIssue 117.
It has been a pleasure for me to spend another month having more inspirational conversations with business leaders across the globe.
Whilst we don’t always label our issues, this issue could certainly be called the Global Growth issue.
We feature some incredible business stories from Africa, including Diamond Trust Bank, which is on the path of driving change in the banking industry through its Digital Transformation Strategy, and TGI, which is embarking on expansion business wide whilst creating inclusion.
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@BUSINESS ENQUIRER
Laura Watling Editor in Chief
laura.watling@busenq.com
If you have a business story you wish to share in 2023, please contact our Head of Production via production@ busenq.com
Back in the UK, we showcase home-grown household name, GTech, which is planning to expand its product range by 50%, and Draper Tools, whose new state-of-the-art warehouse will increase efficiency and product capacity.
As we near the close of another quarter, the future feels optimistic for all of our featured businesses, and I hope that you will be as inspired by them as the Business Enquirer team is.
The editor and publishers do not guarantee the accuracy of statements made by contributers or advertisers, or accept responsibilty for any statement they express in this publication. The opinion of the contributors may not necessarily be the opinion of the editor or publishers. All content including the presentation therof in this magazine is the property of BE Media and protected by internation al copyright laws. You may not copy, reproduce, distribute, transmit, modify, create derivitave works, or in any other way exploit any part of copyrighted material without prior written permission from
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Media
DIAMOND TRUST BANK COVER FEATURE
ACHIEVING MORE: PROGRESSIVE FINTECH EMERGING FROM THE SILICON SAVANNAH
INVESTMENT
‘CANCEL DISNEY PLUS’ SEARCHES SURGE
BUSINESS PARTNER UPDATES 020
EVERYTHING TO KNOW ABOUT DIESEL EMISSIONS CLAIMS
NEWS
THE MOST STREAMED SOUNDTRACKS OF ALL TIME
PIP INTERNATIONAL INTERNATIONAL HOTEL GROUP PARIS SAINT-GERMAIN
PIP INTERNATIONAL BRINGS CONSUMERS GREAT TASTING PLANT-BASED OPTIONS
IHG HOTELS & RESORTS LAUNCHES IHG LIFT PROGRAM TO DRIVE GROWTH OPPORTUNITIES FOR DIVERSE OWNERS
PARIS SAINT-GERMAIN WOMEN’S FOOTBALL DEPARTMENT INAUGURATES YOUTH ACADEMY
000
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NEWS 012
NEWS 014
016 THE HEALTHCARE SECTOR THIRD BEST FOR
NEWS 010
Business Enquirer Magazine · Issue 117 9 STEPPING INTO THE FUTURE, FROM IDEA TO IDENTITY BUSINESS-WIDE GROWTH FOR BRITISH TOOL SUPPLIER PUNCHING FORWARD IN THE EV SPACE CUSTOMER-FOCUSSED INNOVATION SEES SALES SOAR ARAMCO’S RESILIENCE AND SUCCESS DISRUPTIVE INNOVATOR TO INCREASE PRODUCT RANGE MILESTONE BOARD MEETING SIGNALS NEXT STEPS A BUSINESS WORTH ITS WEIGHT IN GOLD LEMAY ID DRAPER TOOLS PUNCH POWERTRAIN SHOPRITE ARAMCO GTECH LAMPRELL TRX GOLD 046 070 092 122 058 080 106 132 CONTENTS DID YOU MAKE THE MOST INCLUSIVE FESTIVAL OF SUMMER ‘23? SZIGET FESTIVAL COULD GOLF BE YOUR AUTUMN HOBBY? AND IF IT IS, DO IT IN STYLE! BLING YOUR SWING YOUR SIGN TO BOOK A STAY AT THIS HUNGARIAN HOTEL CROWNE PLAZA BUDAPEST LIFESTYLE 162 178 170 160 THE INVESTMENT COMPANY CREATING INCLUSION IN NIGERIA THE PORT AUTHORITY MOTIVATING CHANGE TGI GROUP PORT OF ANTWERP-BRUGES 142 152 THE FUTURE OF GOLF IS IN NORFOLK’S HANDS ROYAL NORFOLK 186
THE HEALTHCARE SECTOR RANKS THIRD AMONG THE BEST SECTORS FOR INVESTMENT, NEW STUDY REVEALS
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• The IT sector is the best sector to invest in with an average return of investment of 18.1%
• The consumer discretionary sector comes in second with 15.3%
• The worst sector to invest in is communication services with 8.4% average return
• IT is the best sector to invest in based on average returns, a new study reveals.
The study, conducted by InvestinGoal. com, analysed the consistency, reliability, and average returns of all sectors that the companies within the S&P 500 index are divided into to identify the most lucrative investment opportunities.
The IT sector comes in first place with an average return from 2010 to 2022 of 18.1%, the highest of the list. This sector comprises the category of stocks relating to the research, development, or distribution of technologically based goods and services.
Moreover, the minimum return in the last decade was -28.2% in 2013, while the maximum was 50.3% in 2019. The bestperforming stocks of the year within the IT category were Advanced Micro Devices, Lam Research and KLA with a growth of 153%, 117% and 100% respectively.
In second comes the consumer discretionary sector with an average return of 15.3%. The minimum return from 2010 to 2022 was -37% in 2022, while the maximum was 43.1% in 2013. This sector includes businesses that sell non-essential products and services that consumers may avoid without any major consequences to their well-being.
The healthcare sector is third with an average return of 13.4%. It includes businesses engaged in providing medical services, producing medical devices or medications, offering medical insurance, or aiding in the overall delivery of healthcare to individuals.
Some examples that have been growing in the past years are Thermo Fisher Scientific Inc., UnitedHealth Group Incorporated and Johnson & Johnson.
Further down on the list, the industrials sector comes fourth with 13.2% average returns. This sector comprises companies whose primary focus lies in producing capital goods utilized in manufacturing, resource extraction, and construction activities.
The top five close with the financial sector, which includes firms and institutions that provide financial services to commercial and retail customers, with an average return of 12.3%. This sector comprises a broad range of industries including banks, investment companies, insurance companies, and real estate firms.
On the other side of the list, the communication services sector is the worst to invest in based solely on average returns from 2010 to 2022, which has been 8.4%.
The energy sector is second to last on the list with a return of only 10.2% and, at the same time, a maximum return of 65.7% for 2022, the highest on the list. While the first figure might not come as a surprise given the cost-of-living crisis that the world has been facing in the past few years, at the same time it’s astonishing to see how the maximum return has been so high in 2022.
www.investingoal.com
Business Enquirer Magazine · Issue 117 11 NEWS - HEALTHCARE
EXPERTS REVEAL EVERYTHING YOU NEED TO KNOW ABOUT DIESEL EMISSIONS CLAIMS
Although it has been more than seven years since the scandal first exploded, so many people are still unsure on how to go about claiming compensation for Dieselgate. Luckily, claim information experts ClaimExperts. co.uk are on hand to assist you with a detailed guide to everything you need to know about making diesel emissions claims.
Background to emissions claims
Before you think about making a claim, let us firstly explain what an emissions claim is and the background behind them.
The first emission claim began in 2015 when Volkswagen were found to have installed “defeat devices” into their vehicles. The software understood when the vehicle was being tested. When it was activated during testing, it lowered the emissions output. However, away from testing and out in the real-world, emissions were up to 40 times higher.
Essentially, the claim itself focused on the fact that you, the customer in question, had been lied to. Not only were you given
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faulty details regarding the emissions of the vehicle you bought, but the environment had also been significantly damaged due to manufacturer lies.
The Volkswagen Group eventually settled out-of-court with 91,000 claimants, paying a total of £193million. The claimants received an average payout of just over £2,100.
How much compensation can I receive for my claim?
Although many of the diesel emission claims are still being investigated and compensation amounts have not yet been set, we can look to the recent landmark settlement from Volkswagen to familiarise ourselves with possible ballpark figures. Additionally, Mercedes have recently agreed to pay $2.2billion (£1.68billion) in compensation and fines in USA, with each individual owner receiving thousands in compensation.
Five reasons why you should you bring a diesel claim for compensation
Perhaps you are wondering whether making a diesel claim is really that important. Well, here are plenty of reasons why it could be beneficial for both you and everyone around you.
Saving the environment: Volkswagen and many other manufacturers have been accused of lying about a dangerous pollutant in Nitrogen Oxide (NOx). It is responsible for acid rain, global warming, smog and, by extension, the deterioration of the ozone layer. It is therefore imperative more vehicle manufacturers do not follow suit by prioritising profits above people’s health and the planet.
Corporate accountability:
Manufacturers have often tried to deny involvement in the scandal. It is vital to
send a message that no company is above the law, and dishonesty will not be tolerated.
Financial reimbursement: Clients who have been affected may have suffered damages because of it. If they have a valid claim, they may be eligible to make a claim for compensation.
Saving your health: The environment is not the only thing that needs protection. Studies from the European Federation for Transport and Environment show that traffic pollution costs a whopping €60billion (£52.5billion) each year. NOx can also cause respiratory issues like asthma and bronchitis. In fact, it is also partly responsible for premature death. Air pollution is sadly estimated to cause up to 36,000 premature deaths in the UK each year. Plus, in 2016, the WHO estimated that 600,000 children died from acute lower respiratory infections caused by polluted air.
Impact on crops: Vegetation is ultimately harmed by high levels of NOx. It can damage foilage, decrease growth or reduce crop yields.
What manufacturers are eligible for a diesel emissions claim?
Now that you know the reasons why it is important to make a claim, the following vehicle manufacturers have vehicles which are eligible for a diesel emissions claim: BMW, Chrysler, Citroen, Fiat, Ford, Hyundai, Jaguar, Kia, Land Rover, Mini, Mercedes-Benz, Nissan, Peugeot, Porsche, Renault, Vauxhall, and Volvo.
For specific guides to help with claims, be sure to follow this link: https://www.claimexperts.co.uk/diesel-emissions-claims/
Business Enquirer Magazine · Issue 117 13 NEWS - TRANSPORTATION
‘CANCEL DISNEY PLUS’ SEARCHES SURGE AFTER STREAMING SERVICE’S PRICE HIKE ANNOUNCED
Searches for ‘Cancel Disney Plus’ increase by 510% in just a few hours It is the biggest spike seen worldwide in the past seven months
Streaming platform Disney+ has recently announced a price increase for certain subscriptions coming this October.
In the latest price change by a major streaming platform, Disney+ has announced its ad-free plan will increase from $10.99 to $13.99 in the US, and in the UK, the service’s most expensive plan will now cost £10.99.
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0 searched on 13th August
Tech experts at NoDeposit.guide analysed Google search data over the past few days and found that searches for ‘Cancel Disney Plus’ increased worldwide by 510% on the 14th of August. This marks the most significant spike worldwide since January of 2023.
Commenting on the findings, Ian Harper, a spokesperson for NoDeposit.guide said: “With inflation being such a major issue, and many people cutting costs day by day, the slightest price hike, especially in the streaming world, can make consumers question whether the service is necessary. In the case of Disney+, this is a whopping 27% price increase, and it’s clear that the platform’s users are looking to jump ship as a result.”
www.nodeposit.guide
100 on 14th August
Business Enquirer Magazine · Issue 117 15 NEWS - STREAMING
The most streamed soundtracks of all time :
Research by Headphonesty.com analysed the Top 150 films on IMDB and calculated the total streams from the official motion picture soundtracks on Spotify. Many iconic films have equally as significant soundtracks and this analysis reveals the Top 10 movie soundtracks of the Top 150 films of all time. Newly released Barbie, although it isn’t in the top 150 films, has one of the most talked about soundtracks of all time, so how does it compare to some of the biggest film soundtracks ever?
Forrest Gump is the 11th best film on IMDB but has the most streams on its Soundtrack, over 6 billion. This highly esteemed film has an incredibly star-studded soundtrack with many classic American songs featured. From Elvis to Bob Dylan, Aretha Franklin to Lynyrd Skynyrd this soundtrack has a plethora of great tracks that accompany the story of Forrest and his journey through quite a spectacular life.
Streams: 6,124,261,608
Hamilton although technically and originally a stage show did release a feature-length recording for streaming services for those who couldn’t see it in the theatre. Lin-Manuel Miranda the creator of the show also wrote all the music and lyrics. The songs became very popular with their catchy melodies and beautiful harmonies, it didn’t take long for the soundtrack to amass over 5 billion streams, the second most streams out of the top 150 films.
Streams: 5,805,467,758
1 – FORREST GUMP - 1994
2 – HAMILTON – 2020
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soundtrack breaks Top 10
4 – TOP GUN: MAVERICK - 2022
3 – SPIDER-MAN: INTO THE SPIDER-VERSE - 2018
With the third most streams is the animated Spiderman film: Into the Spider-Verse. This film utilises groundbreaking visual styles never seen before to bring the character Miles Morales to life. These visuals are part of the reason this film is so highly rated by consumers and critics alike. With such high-quality visuals the auditory experience must work in sync, so having a soundtrack with the likes of Post Malone, Juice WRLD, Lil Wayne is key to bringing the story to life through contemporary music. The Soundtrack is stacked with top-tier artists and tracks that have amassed over 4 billion streams in total.
Streams: 4,032,056,381
Top Gun: Maverick is the sequel to the 1986 classic, and a rare instance where the sequel is rated better than the first film. Hans Zimmer features once again, working in tandem with Lady Gaga, Harold Faltermeyer and Lorne Balfe to create much of the music for this film. One Republic and Kenny Loggins also feature on this soundtrack album. The mixture of tracks have over 1.8 billion streams making it the fourth most streamed soundtrack out of the top 150 films.
Streams: 1,888,544,181
Business Enquirer Magazine · Issue 117 17 NEWS - STREAMING
Pulp Fiction has become a cult classic over the years. The cast is full of A-list celebs such as John Travolta, Samuel L. Jackson and Uma Thurman. The soundtrack is also full of some huge names with Kool and The Gang, Al Green and Chuck Berry to name just a few. It's only right that these classic films have classic soundtracks that elevate the scenes and provide a great experience for viewers. With over 1.4 billion streams this soundtrack is the fifth most streamed movie soundtrack.
Streams: 1,496,979,758
6 – THE LION KING - 1994
The Lion King is one of the most iconic and loved Disney films of all time. Part of the reason why this film is so popular is the fantastic soundtrack that accompanies the film. Hans Zimmer; arguably one of the best in the business when it comes to film scores, helped to create this musical alongside some features from Elton John as well. Its undeniable this film deserves to be In the top 150 films of all time, as well as the top 10 soundtracks. In total The Lion King has over 1.4 billion streams.
Streams: 1,430,026,401
- 2017
Coco is another Disney film in this list. This film has music as part of its central plot so its key that the music captured the essence of the emotion and story of the characters while also being catchy and enjoyable. The album in total has over 1 billion streams and also featured in the Billboard album charts breaking the top 40.
Streams: 1,087,039,762
8 – INTERSTELLAR - 2014
Interstellar is an Oscar-winning film directed by Christopher Nolan with music written by Hans Zimmer. The soundtrack stemmed from one central piece of music which Nolan asked Zimmer to write in one night. That night he composed a 4-minute piece that represented his idea of fatherhood. Nolan was happy with that and then Zimmer went on to create the full score. Some would say (including himself) this soundtrack may be some of his best work. It is outstanding and worthy of the almost 900 million streams it has sitting respectably at eighth in this list.
Streams: 890,594,134
5 – PULP FICTION
– 1994
7 – COCO
9 – THE MATRIX – 1999
This 1999 Sci-fi phenomenon has become one of the all-time greats in the genre. Much like all the great films it must be accompanied by an equally memorable soundtrack to enhance the experience for the audience. This film has some classic tracks from Rage Against the Machine, Deftones, The Prodigy, among others. In total this soundtrack has over 880 million streams.
Streams: 887,530,734
10 – BARBIE – 2023
The Barbie movie has been one of the most successful films of the past decade. Its box office performance has been sensational, raking in over £1 billion globally. Despite only being out a few weeks, the soundtrack has already amassed over 800 million streams, the rate at which this soundtrack is growing its likely to hit over 1.5 billion streams this year, meaning it could rise to fourth place in this list!
Streams: 808,215,439
A spokesperson from Headphonesty. com commented: “Soundtracks in films are the symphonies of emotions, the unsung storytellers that dance beneath the dialogue and visuals, weaving the invisible threads that bind hearts to the silver screen.
They transform mere scenes into unforgettable moments, and silence into a canvas painted with the hues of feeling. A film’s soul resonates in its soundtrack, echoing long after the credits roll, a melody etched into the memories of audiences. The importance of music in film has been long understood and there have been some incredible composers over the years creating some of the most iconic music of all time.”
www.headphonesty.com
Business Enquirer Magazine · Issue 117 19 NEWS - STREAMING
PIP INTERNATIONAL BRINGS CONSUMERS GREAT TASTING PLANT-BASED OPTIONS
In a world where health-conscious consumers are turning to plant-based alternatives, the pursuit of high-quality, sustainable, and delectable plant-based protein sources has reached a critical juncture. At the forefront of this quest stands PIP International, a leader in plant-based protein innovation, located in Lethbridge, Alberta, Canada. Through their ground-breaking patented extraction process, PIP International showcases an exceptional product that not only boasts unmatched visual appeal and superior functionality but is also affordable. PIP calls it their Ultimate Pea Protein isolate, UP.P™.
“We’re combining ground-breaking and innovative methods, with several crossindustry technologies so we can produce at the lowest cost and in the most sustainable way. The result is the best tasting, most affordable pea protein in the world,” explains Christine Lewington, CEO, PIP International.
Unlike other plant-based protein alternatives, UP.P™ is processed from yellow peas, a source brimming with distinctive environmental benefits. These peas stand as stewards of the environment, replenishing soil with vital nitrogen in concert with symbiotic bacteria, thereby diminishing the necessity for synthetic fertilizers. “Yellow peas are a natural environmental steward. They’re nitrogen-fixing, which means they generate nitrogen in
symbiosis with bacteria, rather than requiring fertilizer. They’re non-GMO. And they’re packed with protein,” explains Lewington.
For food manufacturers on the quest to elevate their products and assert a prominent presence within a fiercely competitive market, UP.P™ emerges as an invaluable asset. PIP International’s relentless commitment to innovation has culminated in a protein solution that not only addresses the burgeoning demand for plant-based choices but also delivers extraordinary taste and functionality in a sustainable way. Manufacturers now have the power and choice to craft an expansive array of products. From alternative dairy and cheeses to beverages, confectioneries, and specialty items, the high solubility, gelling, and binding attributes of UP.P™ render it a pivotal ingredient for any food manufacturer.
“Our protein has high functionality, so it gels well, and binds well with unparalleled solubility.
You mix it in beverages, and it completely
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dissolves and stays dissolved which is also unique about our protein. We’ve even made protein water at PIP. Just for fun, we’ve developed in-house ice creams that are so smooth and melt just like ice cream should. We’ve figured out how to offer the consumer a more affordable plantbased option that tastes great,” states Lewington.
Currently PIP’s pilot plant has more orders than it can fill, so they are expanding the pilot plant to increase capacity by over 30%. This will support their customers who are investing in developing and testing new products that center around PIP International’s UP.P™.
PIP’s protein is receiving unprecedented results compared to anything developed in the plant- protein based market and is set to impact the supply of proteins globally. “No other pea protein comes close to what PIP’s Ultimate Pea Protein called UP.P™ can do,” states Lewington, and consumers will soon have more great-tasting, enjoyable options for their plant-based protein alternatives thanks to PIP. Reach out to PIP today to find out how to level-up your products with our signature protein, UP.P™.
Learn more at: www.pip-international. com and contact: inquiries@pip-international.com.
Business Enquirer Magazine · Issue 117 21
INTERNATIONAL
PIP
- SUSTAINABILITY PARTNER
IHG HOTELS & RESORTS LAUNCHES IHG LIFT PROGRAM TO DRIVE GROWTH OPPORTUNITIES FOR DIVERSE OWNERS
More than $30 million committed to help unlock paths to hotel ownership
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today introduced IHG LIFT, an owner growth program focused on creating more hotel development support for historically under-represented groups within the hospitality industry, and further diversifying IHG’s hotel owner community. The company’s new program will help unlock common barriers to hotel ownership among these groups and empower diverse owner-entrepreneurs for success.
IHG will commit more than $30 million over the next five years to support the program, which includes support, access to capital and help along the hotel lifecycle, for owners who qualify in the U.S. and Canada. The IHG LIFT program name signifies Leadership, Inclusivity, Facilitation and Transformation to represent the change needed and continued evolution across the industry.
Julienne Smith, Chief Development Officer, Americas, IHG Hotels & Resorts, said: “As our industry grows, we need to keep our focus on enabling more success for our diverse ownership base. Barriers such as a lack of access to capital and the right networks put such owners at a disadvantage. The IHG LIFT program is specifically designed to help ease the path to ownership and ultimately support owners. Diversifying ownership is not only better for IHG, it also lifts up our entire industry.”
Jyoti Sarolia, CEO, Ellis Hospitality, and owner of IHG hotels in California, said: “A program such as IHG LIFT is important to our hotel industry. These efforts help grow our community of owners which should be as diverse as the guests we serve every day. IHG’s commitment and focus to make a difference certainly resonates with me as an owner.”
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IHG LIFT is a continuation of the company’s ongoing and firm commitments to diversity, equity and inclusion (DEI), which extends a focus along the hotel lifecycle. This includes increasing the number of diverse suppliers through its EPIC Supplier Diversity Program, and working with architectural, design and construction firms that have DEI commitments within their business.
IHG LIFT aims to attract diverse owners that are less represented within the hospitality industry and within IHG’s owner community. IHG has long championed owner diversity, including working closely with the Asian-American hotel franchise community for decades. In addition to the diverse owners in its current portfolio, IHG’s support for underrepresented groups has included sponsoring conferences, speaking engagements and lending expertise for organizations such as the National Association of Black Hotel Owners, Operators and Developers (NABHOOD),
and the Latino Hotel Association, among others. And to help expand opportunities for women seeking hotel ownership and investment, IHG also supports programs such as She Has a Deal and AHLA’s ForWard
To nurture the success of future leaders and increase ethnically and racially diverse talent in hospitality, IHG is also engaged in partnerships with two leading Historically Black Colleges and Universities – Clark Atlanta University and Morehouse College.
IHG LIFT is aligned with IHG’s broader purpose to deliver True Hospitality for Good and its Journey to Tomorrow 2030 responsible business plan to drive change for people, communities and the planet, including cultivating an inclusive culture for our colleagues, owners and suppliers.
For more information on IHG LIFT and to contact IHG’s Development team, please visit: development.ihg.com/hotel-development/ihg-lift.
Business Enquirer Magazine · Issue 117 23 IHG - HOTEL PARTNER
PARIS SAINT-GERMAIN WOMEN’S FOOTBALL DEPARTMENT INAUGURATES YOUTH ACADEMY
The first players arrived at the Paris Saint-Germain Women’s Youth Academy on Wednesday, 2 August, the latest step to consolidate the development of the Club’s talented female players.
Thirty-four players aged between 15 and 19 moved into their new ‘home’, which is headed by former international Sonia Haziraj, the Technical Director.
This facility is currently based at the professional teams’ Training Centre in St. Germain-en-Laye, and will later be integrated into the PSG Campus in Poissy.
The players will benefit from optimal conditions and top-level support as they pursue their three-pronged individual project: sports, school, and social development.
The young players will be split into two teams throughout the season, including
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an ‘Elite’ group which will play in France’s U19 National championship.
Paris Saint-Germain have been developing its young talents through the U19 set-up for several years.
There are currently ten players in the firstteam squad that have come through the Club’s academy: Sandy Baltimore, Laurina Fazer, Magnaba Folquet, Grace Geyoro (captain), Océane Hurtré, MarieAntoinette Katoto (the Club’s women’s team all-time leading goalscorer), Jade Leguilly, Hawa Sangare, Océane Toussaint and Manssita Traoré. They have played in France’s youth national teams with some even having progressed to the senior international side.
“This is a key moment for Paris SaintGermain and also women’s football in France. Having a dedicated youth academy is a new step that will improve still further the development of young female players. We have an extraordinary pool of talent to draw on, and our goal is for our first team to continue to be made up of talents that have come through the Club. With the future integration of this facility into the PSG Campus in Poissy, the conditions will be even more exceptional and will help the players progress both in sporting terms as well as educationally.”
Angelo Castellazzi, Paris Saint-Germain’s Women’s Department Sporting Director
Business Enquirer Magazine · Issue 117 25 PARIS SAINT-GERMAIN - SPORT PARTNER
en.news.psg.fr
FINTECH DIAMOND TRUST BANK
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ACHIEVING MORE: PROGRESSIVE FINTECH EMERGING FROM THE SILICON SAVANNAH
In the dynamic landscape of global finance, traditional banking institutions are facing an imperative to reinvent themselves. At the forefront of this transformation is Diamond Trust Bank (DTB), a leading financial institution in East Africa, which has embarked upon an ambitious growth strategy with the strategic aspiration to be a socio-economically relevant bank.
TRUST BANK PROJECT DIRECTED BY: BEN
SAUNDERS
ARTICLE
WRITTEN BY: LAURA WATLING
Business Enquirer Magazine · Issue 117 29
DIAMOND TRUST BANK - ACROSS AFRICA
DIAMOND
Chief Operating Officer, Jamie Loden
BANK - ACROSS AFRICA
Incorporated in 1946, DTB is headquartered in Nairobi, Kenya and has operated in East Africa for over 75 years, with presence also in Tanzania, Uganda and Burundi. In 2022, the Bank rolled out its growth strategy anchored on 3 key pillars: increasing customer reach, sustainability excellence, and digital transformation.
Supporting this growth is DTB’s Digital Transformation Strategy, guided by the vision to transform into a technology company with a banking license. Under the dynamic leadership of its Chief Operating Officer, Jamie Loden, the Bank established its digital factory, DTBX, in 2022, encompassing a fusion of its six key pillars: the development of digital applications, a digital banking platform, digital partnerships, data analytics & AI, and cloud computing; all of which are underpinned by people, working in harmony to create an ecosystem that thrives on innovation.
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DIAMOND
“With DTBX, we are embracing more agile ways of working and positioning DTB as the digital bank of choice, where our partners can achieve that X-factor product that will enable them to achieve X times growth,” explained Jamie.
A groundbreaking element of the Bank’s strategy is the introduction of Banking as a Service (BaaS) through its flagship API platform, Astra. This move has opened doors to dynamic collaborations with tech-enabled entities such as fintechs, edtechs and healthtechs, allowing them to leverage DTB’s expertise and infrastructure, and extend innovative financial solutions to their own customers.
“With Astra, we’re not just providing APIs, we are empowering fintechs to thrive by enabling them to provide financial solutions that cater to the unique needs of their customers. We are also shifting from a B2B model to B2B2C model,” shared James.
By becoming the bridge between banking and technology, DTB is accelerating the development of revolutionary fintech products and services, positioning themselves as an innovative hub that nurtures collaboration and propels tech-driven innovation. Currently, Astra has 150 tech-enabled companies in its pipeline, spanning financial services, education, and health services. “The network of businesses we’re partnering with highlights the depth and richness of the tech scene in East Africa,” highlighted Jamie.
Another proposition of DTBX is Infiniti Pay, an end-to-end SME solution with a focus on empowering small and mediumsized enterprises through automation of their business financial needs and providing access to a curated ecosystem that caters to their unique requirements. “Infiniti Pay underscores our commitment to addressing the evolving needs of our customers, and our dedication to foster financial inclusion and drive economic growth,” added Jamie.
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Business Enquirer Magazine · Issue 117 33 DTB and Mastercard Sign Agreement to Boost Payment Solutions for Fintechs in Kenya DIAMOND TRUST BANK - ACROSS AFRICA
Puttingtheneedsofcustomersfirst, DTBXwillalsolauncha‘Chama’product, allowingmemberstocontributetoa groupsavingsinitiative.A‘chama’isa populartermusedtodescribeinformal groupsinKenya,wherepeoplecome togetherforacommonpurposetosave moneyorinvesttheirfunds.
“Thisproducthasbeenbuiltspecifically aroundculture,withpeopleinKenyakeen toworkcollaborativelytobuildforthe future,”saidJamie.
Toachievetheirtransformativegoals,DTB isinvestingnotonlyintechnologybut alsoinitsmostvaluableasset–itspeople. Byattractingtoptalentandproviding trainingandupskillingopportunitiesto theirexistingstaff,thebankiscultivating aworkforceequippedwiththeskillsto navigatetheever-changinglandscapeof technology-drivenbanking.
“We recognise that human capital is the key to the success of this evolution, and with the growth of digitisation and fintech, we have a fantastic opportunity to upskill people in Kenya for the future. Our new digital team will undergo an educational programme equipping them with skills in cloud computing and software engineering, for example,” explained Jamie.
This will support the development of new products designed to support the agriculture and education sectors. “There are some unique needs for businesses in these sectors in Africa, and they are hugely important to each country’s national economy,” Jamie continued.
Jamie, who joined DTB in 2021, displays leadership values which truly align with the business’ goals.
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DTB Chief Executive Officer, Nasim Devji, with Alphas Sinja (CEO, Boya) and Ezra Chiloba (CEO, Communications Authority of Kenya) at the launch of a virtual expense card for business payments.
+254 722/733 513668 www.universalengineering.co.ke info@universalengineering.co.ke Proud ‘A Class’ Supplier to DTB P.O Box 28323 -00200 Nairobi, Kenya. New Likoni Rd. Next to winners Chapel +254 732 224 346 / 0746576649 info@atlanticsigns.co.ke signs.atlantic2022@gmail.com ATM LOBBY BRANDING GONDOLAS 3D SIGNS VEHICLE BRANDING ROAD SIGNS FLAGS PYLON SIGNS BACKLIT SIGNS MULTITASK WITH Discount code: “MOVE50” to get $50 OFF the original price of the desk We’d love to hear from you! Please use our Live Chat or email us at info@walkitask.com www.walkitask.com WALK-i-TASK: a height adjustable desk attachment for your home treadmill WALK-i-TASK is the perfect resource to eliminate your sedentary lifestyle by helping you sit less and move more Accomplish tasks that you would typically do seated while on the move Burn up to 250% more calories while walking vs seated No Assembly Required! Simple to Attach and Detach EUROPE’S FASTEST GROWING MEDIA COMPANY PA MARKETING DIGITAL MARKETING SEO BRANDING/ DESIGN/WEBSITE SOCIAL MEDIA MANAGEMENT BRAND OPTIMISATION LEAD GENERATION WWW.BUSENQ.COM
36 Issue 106 · Business Enquirer Magazine
Sybrin - Evolving Business through Digital Transformation.
With today’s disruptive technologies accelerating the pace for digital transformation, customers’ expectations are heavily influenced and constantly evolving, demanding effortless interactions anytime, anywhere.
Sybrin is a leading global provider of solutions for the financial services, insurance, and telecommunications industries. Everything we deliver is based on our specialist; first-hand knowledge of complex solutions complemented by 30+ years of industry experience. We focus on developing, implementing, and supporting end-to-end systems through the Sybrin Platform using low-code technology.
We have provided solutions across Africa, the United Kingdom, and into the Middle East, servicing these solutions from our strategically located international offices. Sybrin remains united in our mission and focused on our commitment to customers. Our corporate governance is well-rounded and balanced through our breadth of global perspective and executive experience.
In addition to system design, implementation, and integration, our service offering includes specialised custom software development, hardware supply, digital advisory services, 24/7 support, and training. Our innovative solutions are tailored to your specific industry, region, and requirements to facilitate your digital journey.
In East Africa, we have put a lot of focus on a few main solutions, as they complement the needs of the market and assist our customers in springboarding their digital journeys. These include:
• Know Your Customer (KYC)
• Improve compliance, operations, customer acquisition, and customer retention with Sybrin’s advanced offering.
• Intelligent Document Processing (IDP)
• Our goal is to achieve true cognitive and intelligent process automation within the enterprise by enabling straight-throughprocessing with no human touch points. Sybrin’s
proven solution is one of the easiest and fastest ways companies can leverage AI to deliver tangible results to increase efficiency, deliver a superior customer experience, and maintain compliance.
• Liveness Detection
• Prove the physical presence and biometric liveness of a person for remote interactions, with the combined use of image processing techniques and neural networks using only a selfie.
• Account Opening
• First impressions count, give your customers a frictionless omni-channel onboarding experience that is seamless, personable, and exceeds their expectations while avoiding unnecessary admin.
• Corporate-to-Bank
• A frictionless digital channel that provides seamless connectivity, B2B and B2C transaction handling, and total user control - delivering the promise of connected corporate banking.
Our purpose is to bring about positive change by investing our passion in creating innovative solutions, giving rise to growth, reliability, and shared prosperity. In addition, our mission consists of providing a globally recognised platform and app store that enables digital transformation in any industry, giving our customers the control, insight, and agility for a competitive advantage.
We have sold 800+ systems across a broad spectrum of industry verticals and our solutions are currently deployed in more than 20 countries worldwide at 100+ customers.
Sybrin was acquired by the 1K1V and Crossfin Consortium in 2020. This enabled significant additional leverage and valuable insight into the South African, African, and U.S. markets, providing a bridge between the two continents with tremendous opportunities that will open economic opportunities for cross-border collaboration and technological innovation.
www.sybrin.com
DIAMOND TRUST BANK
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Reporthub provides in-depth and comprehensive business information reports for Africa, and the rest of world, strategic partnerships with financial institutions like Diamond Trust Bank continue to allow us to develop solutions for the constantly evolving economic demands of our clients. We are recognized as a member of Federation of Business Information Services, a world leading and Expert Assembly in the Business Information Industry and supplying services throughout Europe, Asia, Africa, and the Americas.
Given that we have rolled out various projects together in the last 5 years, we remain diligent when delivering carefully crafted, custom products and services that offer real value. Our professionals are highly trained and possess skill in business advisory when offering due diligence reports, skip tracing, identification reports, directorship/shareholding documents consulting among others, all of which are also crucial components of the bank’s growth strategy.
As we look to the days to come, we are enthusiastic with Diamond Trust Bank by our side. We are aligned with the Sustainable Development Goals to alleviate poverty through economic and social empowerment.
As a financial organization with a storied 75-year history, Diamond Trust Bank and Reporthub share a dedication to honesty, openness, and constant progress, which have given us the confidence to face problems and grab possibilities.
In conclusion, our partnership is a tribute to the strength of teamwork and shared objectives in the ever-changing business environment. Diamond Trust Bank and Reporthub are redesigning customer satisfaction processes and rewriting the story of access to business public filing documents.
We provide quality and timely business information reports in Africa, and the global market at large.
DUE DILIGENCE REPORTS IDENTIFICATION REPORTS ORIGINAL DOCUMENTS
www.reporthub.co.ke Tel: +254 20 4407622 Cell: +254 711 310 310 info@reporthub.co.ke
inquiries@reporthub.co.ke
40 Issue 106 · Business Enquirer Magazine An LSEG Business
WORLD-CHECK UNCOVER RISK. TAKE ACTION.
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“As a leader I think it’s important to display a level of selflessness, prioritising approachability, empathy and compassion. I instil in colleagues that it’s ok to be human, to be vulnerable, and be willing to admit we don’t have all the answers. Like our customers, I want my colleagues to dare to be bold and strive to achieve their ambitions,” he said.
DTB’s digital transformation journey is a testament to their commitment to innovation, customer-centricity, and a futuristic approach to banking. “Our pursuit is one of transformation, where technology and banking merge seamlessly,” Jamie said. By embracing technology as an enabler and catalyst for change, DTB is propelling beyond the boundaries of traditional banking into a realm where innovation is harnessed to unlock new possibilities and redefine the very essence of finance. “We’re not just transforming banking; we’re shaping the future of finance,” Jamie concluded.
www.dtbafrica.com
DIAMOND TRUST BANK - ACROSS AFRICA
Members of the DTBX team with fintech partners during the soft launch of the Astra API Platform
CONSTRUCTION
46
LEMAY ID PAGE
STEPPING INTO THE FUTURE, FROM IDEA TO IDENTITY
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Summit 222 E 44th Street, New York City, NY
LEMAY ID PROJECT
DIRECTED BY: CHARLOTTE ROPE
ARTICLE
WRITTEN BY: LAURA
WATLING
Formerly known as Lemay + Escobar, since Business Enquirer spoke with the firm following its rebrand to Lemay_id.
Lemay_id’s rebrand secures its values of creativity, innovation, diversity and resourcefulness. Its new identity expresses what drives the studio’s creative process for hospitality, living, F&B, and workplace environments. Taking a bespoke curated approach to interiors, Lemay_id uses narratives and artistry to make space a form of storytelling.
“The acronym ID in its simplest form can be interpreted as interior design, while the symbol is also meant to speak to the core elements of the team’s creative and personalised process – from Idea to Identity. This is what we strive to achieve for our clients, celebrating their vision and creating unique experiences and lasting connections within their environments,” explained Haley Wagg, Lemay_id’s Design Director.
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From Montreal’s first smart vertical community, Humaniti Hotel to its designs of Watermark luxury senior living communities, Lemay_id has contributed to renowned designs worldwide.
The rebrand aims to elevate Lemay_ id’s impactful work and highlight its established team, heralding a new period for its designers.
“Working from a renewed baseline of an outstanding team and track record, and sheer creative drive, this transformation elevates the impactful and breathtaking work that our designers have unveiled and will be unveiling in the months and years to come,” says Amro El Chabti, Lemay_id’s Senior Partner and Regional Director.
Lemay_id’s rebrand also aligns with the world’s post-pandemic shift, working with Lemay (the wider group of which Lemay_id is a member of) to take a more collaborative approach towards integrated working and living spaces.
“Hotels are looking for touch-down workspaces which seamlessly integrate into their communal and public spaces. Meanwhile, we’re seeing more requests for hospitality inspired workplace projects which are seeking collaborative spaces to suit hybrid working,” explained Haley.
More than ever before, clients are looking to implement well-being into their buildings, she explains, something which Lemay_id has been able to display its know-how in.
With interior design by Lemay_id in collaboration with Andres Escobar, Humaniti Hotel Autograph Collection is part of Montreal’s first ever smart vertical living community, which in some areas has gained both LEED AND WELL Silver Certifications
The building and its interior has been seamlessly designed to connect living and communal spaces, integrated with well-being, encouraging hotel guests to become part of a wider community.
“The Humaniti Hotel is great example of a project that embodies Lemay_id’s philosophy - infusing identity into every aspect,” explained Haley. “Whilst the architecture of the building takes on an angular ‘h’ design, we have juxtaposed
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Watermark Senior Living - West Palm Beach FL
Photo Credit: Whitney Cox
Business Enquirer Magazine · Issue 117 49 LEMAY ID - USA CURV Vancouver, BC © Commonground Studios CURV Vancouver, BC © Commonground Studios
A Creative Vision Requires Creative Solutions: The Metro Solution
Metro Wallcoverings is Canada’s leading distributor of commercial wallcoverings and cutting-edge interior finishes, servicing the Architect and Design community since the early 1970’s.
“We work with our suppliers and clients from beginning to end to create the best experiences. We collaborate with our clients every step of the journey, to make their vision come to life.” said Metro Wallcoverings Director of Marketing Services, Ernestina Drago. “Our client’s vision is our inspiration.”
The latest addition to the Metro Wallcoverings portfolio is its acoustical collectionEco-board. Eco-board is made from 60% Recycled PET, which is a combination of regular and low melt polyester fibres, giving it a stiff board like feel. The solution is available in 35 vibrant colours with custom shapes and cuttings.
In addition to their extensive commercial wallcovering brands, Metro Wallcoverings offers an unparalleled selection of textiles, decorative woods, metals, custom digital wallcovering and specialty paints and films.
“We find creative solutions to fit our clients design needs, with the ability to customise and tweak any existing wallcovering design, or help them develop their own custom design,” said Ernestina.
“Over the next 12 months we will continue to bring innovative new products to our Architect & Design community, sourcing niche solutions from across the world,” Ernestina continued, “and we will strive to maintain our position as the number one wallcovering distributor in Canada”.
Metro Wallcoverings seasoned Account Managers can be found across Canada with four showrooms, located in Toronto, Montreal Calgary and Vancouver. Metro’s full range of solutions can also be found on their website: www.metrowallcoverings.com
A Solution for All Markets
Canada's leading distributor of beautiful wallcoverings and specialty finishes to the architectural & design community for over 40 years! Come explore our unparalleled portfolio of products, visit our gallery of inspiration, or contact us directly for expert advise.
48012
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www.metrowallcoverings.com 1.800.440.0911 csrto@metrowallcoverings.com Hospitality • Corporate • Healthcare • Retail • Condo • Education Omexco - Birds of Paradise - BOP701 Koroseal Digital - Living Large KDE-LVL-02 Arte - Les Forets - Dioré
the interior with a softer, more human centred look and feel. We infused the vibrant culture of Montreal into its design including creating a visual extension of the magnificent Place Jean-Paul-Riopelle,”.
Lemay_id’s design contribution to Humaniti Hotel has added to its vast trophy cabinet, receiving awards at the 2022 Grands Prix Du Design for Interior Design (Grand Winner), Canadian Property Awards – Best Hotel Interior and International Property Award for Best Hotel Interior Americas.
Similarly, Lemay_id has embedded their philosophy into Watermark Luxury Senior Living Facilities in collaboration with Andres Escobar, two of which opened their doors to residents this past spring in Florida. Conceptualised as an urban resort, the interiors speak to a high end
hotel designed to support and empower its residents with openly connected and beautifully design amenities.
“Watermark at West Palm Beach is a luxurious extension of its resident’s identities, which includes a bistro/bar, spa, gym, and both fine and casual dining options, all allowing residents to thrive,” said Haley.
Naturally, sustainability is another design demand which is considered throughout Lemay_id’s bespoke designs.
“We are proud to be part of our parent company Lemay’s Net Positive™ framework that focusses on health, the environment and carbon emission reductions.” Said Haley
Lemay’s Net Positive™ is an ambitious,
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The Greene Queens, NY
Marvel Architects
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Brandon Barre
Brandon Barre
Humanit Hotel Autograph Collection Montreal, QC
Humanit Hotel Autograph Collection Montreal, QC
High Performing Textiles from a Passionate Supplier
With 45 years industry experience, the family owned and operated textile business, Architex, has been supporting Lemay_ID for close to a decade.
Reflecting current design trends in combination with high performance features Architex’ range of over 600 uphpolstery and drapery fabrics are used in hospitality, healthcare, residential, retail, and corporate projects around the world.
“Lemay_ID are known for their distinctive design aesthetic, so it is an honour that they have chosen to include our fabrics in their projects,” said Louise Coté, Market Manager for Architex International in Canada.
Architex assists clients like Lemay ID in finding the right fabric for each application, ensuring it suits aesthetic goals, whilst also meeting performance requirements to ensure the longevity of the application.
The textiles designer and distributor has partnered with Lemay_ID on several projects, including Marriott’s Humanity Hotel in Montreal. “It was a pleasure and honour to work with Lemay_ID on this particular project and see it come to life,” shared Louise.
Further to the Humanity Hotel, Architex fabrics can be found in many luxury projects including Hilton
and Fairmont across the USA and Canada, as well as Google’s corporate offices in Canada.
Architex is a participant of the Healthier Hospitals Initiative, which encourages manufacturers to provide information on fabrics that meet the Healthy Interiors goals of the Safer Chemicals Challenge. Proudly, the business has over 250 fabrics which meet the standard in its portfolio.
The business strives to meet the demands of the evolving sustainability requirements. As well as its range being entirely PFAS free and obtaining numerous sustainability certifications, in July 2023 it launched its range of fabrics made with SEAQUAL polyester
“SEAQUAL polyester is made from waste plastics collected from the ocean,” explained Louise, “it’s really impressive accomplishment and a big step in the right direction for the textile industry. We are proud to be leading the curve”.
Ultimately, keeping its family spirit at its core, Architex is dedicated to providing superior customer service to its customers and partners, such as Lemay_ID.
“We strive to develop the perfect balance of design, performance and price, and are absolutely passionate about textiles,” said Louise, “Lemay_ID recognises this, which has formed the foundation of a well respected, long standing relationship”.
PFAS-Free Stain Resistant Fabrics
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distinctive and replicable approach to creating sustainable living environments. To help fulfil this, Lemay has curated a library of suppliers who meet its standards.
“We have a fantastic relationship with our selective suppliers, such as Metro Wall Coverings which offer a multitude of beautiful and sustainable wall surfaces, and Architex Fabrics which present the perfect blend of design and durability,” explained Haley. “These partnerships are a great asset to our business”.
With its clients always front of mind, Lemay_id is embarking on an exciting research and business development campaign focused on smaller “18 Hour cities”.
“We’re finding that with the current cost of living crisis, many people are looking to move out of bigger cities, these up-andcoming new communities are in need of living environments, amenities and infrastructure for support,” Haley explains. “We’re exploring the growth in these smaller cities and considering what a reinvention may look like.”
Design Director, Haley, is working closely with the Lemay_id team to support both the business and its clients during its transitional rebrand period.
“It’s crucial that our clients understand that the rebrand supports us in driving their vision and objectives forward, whilst we retain our storied history we can align our values to the modern day. As we move into an ever-shifting future we strive to maintain our design excellence and clientfocused attitude,” she said.
www.lemay-id.com
Projects featured in this article in collaboration with Andres Escobar.
Business Enquirer Magazine · Issue 117 55 LEMAY ID - USA
Orchard Park Restaurant by Chef David Burke East Brunswick, NJ
OIL & GAS ARAMCO
PAGE 60
ARAMCO’S RESILIENCE AND SUCCESS: A PILLAR OF THE OIL INDUSTRY
ARAMCO - SAUDI ARABIA
Saudi Aramco, officially known as the Saudi Arabian Oil Company, stands as a stalwart in the global oil industry. With a history dating back to 1933, Aramco has evolved into the world's largest integrated oil and gas company, contributing significantly to Saudi Arabia's economy and the global energy landscape. This article explores the remarkable journey of Aramco, its strategic approaches, technological innovations, and its pivotal role in shaping the oil industry's trajectory.
Historical Evolution
Aramco's origins can be traced to a concession agreement signed between the Kingdom of Saudi Arabia and Standard Oil Company of California (SoCal) in 1933. The collaboration laid the foundation for exploration, development, and production of oil resources in Saudi Arabia. As the years went by, the company underwent several transitions, with full ownership passing to the Saudi government in 1980. This move marked the birth of Saudi Aramco as an entirely state-owned entity, allowing it to exercise greater control over its operations and strategy.
Strategic Investments and Diversification
Aramco's success can be attributed to its strategic investments, technological advancements, and prudent diversification efforts. The company has consistently allocated resources to expand its upstream and downstream capabilities, ensuring a balanced portfolio that spans exploration, production, refining, petrochemicals, and more. By diversifying its operations, Aramco has managed to mitigate the effects of oil price volatility and changing market dynamics.
Technological Innovation
Aramco's commitment to innovation has been a driving force behind its success.
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"Aramco's journey has been defined by our commitment to innovation, responsible operations, and a long-term vision for sustainable growth," says Amin Nasser, CEO of Saudi Aramco. "Through strategic investments and collaborations, we've not only achieved remarkable financial success but have also played a pivotal role in shaping the energy landscape of the future."
The company has consistently invested in research and development to enhance exploration techniques, improve oil recovery rates, and optimize production processes. Advanced technologies like 3D seismic imaging, reservoir modeling, and enhanced oil recovery methods have allowed Aramco to unlock previously inaccessible reserves and maximize hydrocarbon extraction.
Furthermore, Aramco's focus on environmental sustainability and energy efficiency has led to breakthroughs in reducing emissions, waste, and resource
consumption. By pioneering cleaner technologies and best practices, Aramco aligns with global efforts to combat climate change and promote responsible resource management.
Global Partnerships and Collaborations
Aramco's impact extends beyond its operational footprint in Saudi Arabia. The company has forged strategic partnerships with international counterparts, fostering knowledge exchange and promoting industry
Business Enquirer Magazine · Issue 117 61 ARAMCO - SAUDI ARABIA
The customer we care most about
To feed 9.7 billion people by 2050, sustainably and responsibly, and within our planet’s finite resources, the time to change is now.
At DSM, we’re focusing our passion and expertise on 6 key areas to support the livestock and aquaculture value chain and address the challenges facing our planet:
• Improving lifetime performance of farm animals
• Making efficient use of natural resources
• Reducing emissions from livestock and aquaculture
• Helping tackle antimicrobial resistance
• Reducing our reliance on marine resources
• Improving the quality of meat, milk, fish and eggs, while reducing food loss and waste
We strongly believe in sustainable food systems and that the livestock and aquaculture industry can transform itself from within to be a part of the solution. We want to play a key role in this transformation and work at species and country level, with our partners, to provide tangible and actionable solutions to create brighter lives for all.
If not us, who? If not now, when?
WE MAKE IT POSSIBLE
Follow us on:
www.dsm.com/wemakeitpossible
innovation. Collaborations with leading research institutions, technology companies, and energy giants have facilitated the transfer of expertise, enabling Aramco to remain at the forefront of industry developments.
"These partnerships underscore our commitment to fostering innovation and driving positive change in the energy sector," says Yasir AlRumayyan, Chief Investment Officer of Saudi Aramco. "By combining our strengths with those of global partners, we create a synergy that not only benefits our business but also contributes to the broader well-being of societies and the environment."
Economic Contribution
Aramco's success has not only elevated it to a global energy leader but has also significantly impacted Saudi Arabia's economy. The company remains the cornerstone of the Kingdom's economic diversification efforts, contributing substantial revenues that fund infrastructure projects, social programs, and economic development initiatives.
The oil industry's vital role in Saudi Arabia's Gross Domestic Product (GDP) and employment landscape cannot be overstated. Aramco's contributions extend to generating employment opportunities, supporting local businesses, and fostering
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ARAMCO - SAUDI ARABIA
a broader ecosystem of innovation and growth. By facilitating economic stability and progress, Aramco strengthens its position as a key enabler of Saudi Arabia's vision for the future.
Navigating Challenges
While Aramco's success story is commendable, it has not been devoid of challenges. Fluctuating oil prices, geopolitical tensions, and evolving energy transition trends have posed tests to Aramco's resilience. The company's ability to navigate these challenges through adaptive strategies, technological advancements, and strategic partnerships underscores its agility and determination to thrive in a rapidly changing industry landscape.
Saudi Aramco's journey from a concession agreement in the 1930s to becoming a global oil industry leader is a testament to its resilience, innovation, and strategic acumen. By embracing diversification, investing in cutting-edge technologies, and fostering international collaborations, Aramco has secured its position as a cornerstone of the global energy landscape. Its contributions to economic development, sustainable practices, and responsible resource management make it a pivotal player in shaping the industry's future. As Aramco continues to evolve and adapt, its legacy as a pillar of the oil industry remains firmly intact. As CEO Amin Nasser emphasizes, "Aramco's success is a reflection of our dedication to excellence and our unwavering commitment to
www.aramco.com
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shaping a sustainable energy future for the world."
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ARAMCO - SAUDI ARABIA
HOME IMPROVEMENT & HARDWARE RETAIL
DRAPER TOOLS PAGE 70
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BUSINESS-WIDE GROWTH FOR BRITISH BASED TOOL SUPPLIER
Whilst the COVID-19 pandemic saw a hugely negative impact for sectors such as leisure and tourism, there’s a hidden growth story for one industry.
In fact, the DIY market helped to bolster the UK economy in the late summer of 2020, seeing a 9.9% increase in homeware sales.
With sales of DIY products growing by 50% during the first lockdown, it’s been reported that the average person spent 39 minutes a day tinkering with their house and pottering in their garden, an increase of 143%.
One business which saw this positive impact is Draper Tools, who supply around 11,000 products worldwide to traditional trade stores.
DRAPER TOOLS
PROJECT
DIRECTED BY: GLEN NEWTON ARTICLE
WRITTEN BY: LAURA
WATLING
“Whilst the traditional type store was initially closed during the pandemic, we saw a significant increase in the e-commerce sector, as the end user had to go online to purchase their tools. However the traditional type store is a market that is still very important to Draper. We are seeing good growth in this channel too, post covid,” explained CEO Matt Sheen, who took on the role at the start of 2023.
Draper Tools’ vast range of products includes well-known trade brands such
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DRAPER TOOLS - UNITED KINGDOM
as Elora, XP1000 and Knipex, and Bunker along with Draper Tool’s own ranges. “Draper is our core range of quality tools, suitable for tradespeople and DIY enthusiasts. Meanwhile, Draper Expert is our range which has been specifically designed to meet the demands of trade professionals,” shared Matt.
The business, which, pandemic or no pandemic, has stood the test of time, established in 1919 and now in its fourth generation of family ownership. Throughout the pandemic it witnessed financial growth, which has since supported the business in expansion across the board.
Thousands of Products Under One New Roof
Headquartered in Southampton, UK, Draper Tools also has a warehouse and sales facility in the Netherlands, and a facility in Shanghai, China.
As part of its future-proofing growth strategy, Draper Tools are in the process of finalising its new, purpose built warehouse based in Southampton, which plans to open be fully operational by December 2023.
The 350,000 square foot warehouse will allow the business to increase its product capacity as well as become more efficient.
“Post-pandemic we’ve seen a rise in demand for next-day delivery, if it’s a product tradespeople need for a job, they need it now,” explained Matt, “The new warehouse has been specifically designed to facilitate that in the future, with the possibility to be open 24/7, and provide future opportunities to increase our trading capacity”.
Complete with state-of-the-art equipment, Draper Tools’ new warehouse will feature an automatic-picking system to support efficiency, as well as the possibility to install sustainable energy saving options such as Solar PV system to allow it to self-sustain.
“Our sustainability credentials are always
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evolving and we have spent time on R and D to better not only our own sustainability but that of our customers, too,” said Matt.
Now, Draper Tools is in the process of removing plastic from its packaging, favouring recyclable materials. Thanks to this new measure, the business has reported a reduction of plastic packaging by 20%, resulting in nearly 18 tonnes of plastic waste removed from what it expects to sell in 2023.
Team Players
With the growth of the business’ physical and online presence, it’s also witnessed an increase in staffing levels in the last two years.
Now employing around 300 people worldwide, Matt highlighted a positive mix of the experienced ‘old-guard’, some of which have been in the business for 35 years, along with fresh faces.
And with Matt being in the role of CEO for seven months, is he considered a fresh face? Well, kind of.
Draper Tools was Matt’s first employer at 18 years old, after which he took on roles at the then newly formed Metabo UK (of which his second employment at the business saw him positioned as the Managing Director), and Bosch Power Tools, returning to Draper Tools early 2023.
“Having worked for a very corporate, private equity backed business in the past, it was refreshing to return to a family owned business, which truly has managed to retain its family feel. The timing was right for me,” shared Matt.
And with family and community at its core, its partnership with Southampton FC is well aligned.
Whilst this isn’t the business’ first foray into The Saints sponsorship, having
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Business Enquirer Magazine · Issue 117 75
DRAPER TOOLS - UNITED KINGDOM
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previously sponsored them in the 1980’s, now, it forms part of Draper Tools new brand journey.
“We’re sponsoring both the men’s and women’s team this season, allowing us to get in front of younger fans across genders - we don’t conform to the old troupe of tools only being for men!” said Matt.
And whilst everyone plays their part on the pitch, the same can be said inside Draper Tools.
“There’s a great can-do culture at Draper Tools, where everyone understands the role they have to play in the business journey. There’s no feeling of hierarchy and no evidence of toxicity, there’s always a great buzz and a family feel,” added Matt.
Believing in the importance of team players, Matt has based his leadership on transparency and approachability, noting that decisions are only made after speaking with key team members who are experts in their area.
“With 11,000 products it’s impossible for one person to be an expert in everything!” shared Matt, “that’s why it’s crucial that I listen to those around me”.
The Journey Continues
Having celebrated its centenary in 2019 and with expansion well under way, it is looking positive that Draper Tools has many more years ahead of it.
“We foresee a strong growth plan, as well as plans to grow our market share,” said Matt.
The latter will see the business grow not only in the UK, but also mainland Europe, and in its existing markets in the likes of New Zealand and Australia.
Additionally, its growth strategy will see it establish clearer business units with an upcoming focus on the automotive sector.
www.drapertools.com
Business Enquirer Magazine · Issue 117 77 DRAPER DRAPER TOOLS - UNITED KINGDOM
MANUFACTURING & RETAIL GTECH PAGE
80
DISRUPTIVE INNOVATOR TO INCREASE PRODUCT RANGE BY 50%
Known for its vacuums with patented AirLOC technology and an extensive range of cordless household tools, Gtech has become a British household name.
GTECH PROJECT
DIRECTED BY: RYAN WILLIAMS
ARTICLE WRITTEN BY: LAURA WATLING
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Enquirer Magazine
Despite being synonymous with disruptive innovation in its field, CEO and inventor, Nick Grey, has identified its time to offer a wider range of choice to its loyal customers - old and new.
“Our products, like the cordless AirRAM vacuum, have created awareness for the Gtech brand. Synonymous with quality and longevity, our customers want to increase the Gtech products in their homes, as it’s a name they can trust,” explained Nick.
With this in mind, Nick and his team are currently working towards expanding its product range by a further 50%.
In the next month alone the market will see the launch of Gtech’s latest generation AirRAMs and stick vacuum cleaners.
GTECH - UNITED KINGDOM
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Nick Grey, founder of Gtech
Created With Customers In Mind
Having built Gtech from the ground up, what’s important to Nick is bringing tools to market which make a difference. In fact, that’s the story behind the original cordless AirRAM, invented in 2012.
“The development of the cordless AirRAM came from me watching my elderly mother. She was using a dustpan and brush to clean her stairs, scared of dropping her heavy vacuum or tripping over its cables,” Nick shared, “we started with a fan from a 1950s vacuum cleaner, which was less likely to block up than vacuums of the time, and a powerful brush bar to remove stubborn dirt. I discovered it could run for 40 minutes from a rechargeable battery, which was ample time for stairs alone. We added a long handle to it, and the concept for the AirRAM was born!”
“I’ve been an inventor since I was a child. There’s something really special about being inspired by a problem that needs solving, and then going through the design, marketing, and sales process, ultimately seeing users benefitting from your product,” he continued.
Built to Last
One of the world’s most talked about problems at present is how consumers can integrate sustainability at every touch point. Gtech has been answering this for some time.
“Energy consumption is one thing I can confidently say we do better than our competitors,” said Nick. The AirRAM, for example, only uses 80 watts for power, in comparison to well-known competitors which can use over 1000 watts.
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The Gtech Hub
Clean, Green Delivery
DPD has implemented a full-spectrum of measures to ensure it achieves its vision of becoming the most sustainable delivery service in the UK.
We have always focused on providing the best service in our industry, utilising the best technology. Our inclusive and diverse culture allows us to recruit, retain and develop the most customer centric people. Now with our 4th pillar, we have set out how we will become the most sustainable delivery company.
The UK Business Delivering Now and For the Future
DPD is one of the UK’s leading express parcel delivery companies, delivering over 400 million parcels a year. The business, which has a team of over 20,000 people and a fleet of 10,000 vehicles in the UK, is taking strides in both technology and sustainability, aiming to be recognised as the UK’s most sustainable delivery company. The first delivery company in the UK to introduce a onehour delivery window and with apremium next-day and express parcel delivery service, DPD offers the best in user experience. It has also built a network of 6,000 Pickup shops should the recipient miss their delivery.
Delivering on… Sustainability
DPD’s parent company, Geopost, is the first global parcel delivery company to have both its near and long-term CO2 emissions reduction targets validated by the Science Based Targets initiative (SBTi). The landmark approval scientifically endorses Geopost’s plan to reach net-zero by 2040. DPD UK has confirmed that the UK operation is on track to achieve these targets and, where possible, exceed them. DPD has implemented a full- spectrum of measures to ensure it achieves its vision of becoming the most sustainable delivery service in the UK. In 2018, DPD opened the UK’s first all-electric parcel delivery depot in Westminster. Now, it has over 3,000 electric vehicles operating across the country. In addition, it has announced plans to deliver to 30 of the largest towns and cities in the UK with only all-electric final mile delivery vehicles, by the end of 2023. As well as decarbonising its collection and delivery van fleet, in 2022 DPD converted 60% of its 1,600 strong HGV fleet from diesel to renewable biofuel, with the remaining vehicles to be converted this year. Established three years ago, DPD’s Project BREATHE is a major air quality monitoring programme across six of the biggest cities in the UK: Birmingham, Leeds, London, Manchester, Glasgow, and Cardiff. The programme has implemented over 400 air quality sensors on the roofs of DPD vans and DPD PickUp shops close to schools and play areas in the cities, providing 1.5 million pollution readings a day. In addition, buildings used across the DPD network are powered by solar panels and renewable electricity, while 100% of waste avoids landfill. Meanwhile, recycling initiatives generate cash for the innovative DPD Eco Fund. The DPD Eco Fund is financed solely through the firm’s circular economy initiatives. One initiative sees plastic shrink wrap used throughout the operation broken down, and recycled into new shrink wrap. The money generated from this, along with the recycling of wooden pallets, funds sustainable projects benefiting the environment.
Delivering on… Technology
Ensuring accessibility for customers, DPD’s app enables parcel recipients to tailor their delivery preferences so that their driver is fully briefed before every delivery. This includes the ability to leave detailed instructions of a ‘leave safe’ place, with the option to add a photograph, improving customer experience. Using the DPD app, recipients can also
track their delivery in real time, and receive a head’s up ‘You’re next’ notification, so there are no surprises. In March 2022, DPD launched a ‘More Time Needed’ option on the DPD app, allowing customers to inform their DPD driver that they need more time to get to the door. Furthering user experience, the app also enables parcel customers to add their precise what3words address. What3words supports drivers to find an exact location specified by the recipienteven down to a side-passage. Whilst apps are commonplace, DPD has taken innovation to the next level by trialling autonomous robot deliveries. Starting the trials in Milton Keynes in July 2022, the robots have since travelled almost 500 miles and successfully performed over 2,500 delivery trips. Following the successful trial, DPD has identified up to 30 UK depot locations which could potentially deploy robots and has confirmed plans to expand autonomous robot deliveries to 10 UK towns and cities in the next 12 months. Most recently, the robots were introduced in Raunds, Northamptonshire, in July 2023.
Delivering on… Careers
DPD is focused on creating a happy, inclusive and highperforming culture in which everyone can flourish and feel a sense of belonging. The business celebrates diversity, and its Diversity, Equality and Inclusion strategy aims to ensure that recruitment practices, training and development opportunities, and career progression treat individuals objectively and on the basis of their own merit and ability. A testament to the implementation of its strategy, in November 2022, DPD UK won the Equality, Diversity and Inclusion award at the Personnel Today Awards. The judges were particularly impressed by DPD’s Inspire initiative, which provides supported internships for young people with disabilities or special educational needs, designed to enable them to achieve sustainable paid employment. Since 2018, DPD has retained 100% of those who have taken part in the programme, with apprentices working in IT, administration and inclusive digital marketing. With its innovation, sustainability, and people focus, DPD is swiftly becoming the delivery service of choice to the biggest high-street names, premium brands and online retailer’s across the UK.
DPD has built a long-standing, 10 year relationship with GTech, which is mutually respected. Jonathan Pratt, DPD’s Director of Sales & CRM commented, “DPD is very proud to be Gtech’s delivery partner. It is fantastic to work alongside a brand that not only shares the same values but keeps pushing innovation to new levels too. The Gtech delivery experience has to be great every time and we work incredibly hard to ensure that is the case and to provide parcel customers with the ability to personalise every delivery.”
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“There’s a misconception that more power means a better job,” Nick added, “but we have innovated our products to ensure that our products clean better, rather than requiring more power”
In addition, Gtech products are built to last and easy to maintain, designing for a 20 year lifecycle. This is another cause for product range expansion, as Gtech sees less repeat business on the same product by the same customer.
Functionality Throughout
Whilst he displayed his skills for inventing as a child, tinkering with and fixing hand-me-down toys, his real entry into design and manufacture was with Vax.
Starting his career with Vax in 1989 as a lab technician, Nick found his home within the design team. His time at the vacuum manufacturers saw him work
his way up to design engineer, senior design engineer, design manager, finally reaching a position managing the engineering department.
“I’ve always had the desire to question how things worked, looking at things with a different point of view. My time at Vax gave me a wonderful opportunity to explore and develop that, but ultimately I wanted to be designing my own products for my own company,” he said.
Whilst Nick still takes a very hands on approach with the business, as a leader he considers it his responsibility to inspire, motivate, and give the Gtech team clear goals to work towards.
In 2016, Gtech moved to its current Worcester site, which houses the entire Gtech team, from innovation, design and engineering, to creative, marketing, sales, and customer services, it’s the hub for everything Gtech.
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Sponsoring Brentford’s stadium
Not just the face of the brand, Nick is still very much involved with designing products as well as overseeing the operations, and spending time with what he describes as the “Gtech family”.
In recent years, Gtech has strategically reduced employee numbers, ensuring that everyone’s role is functional, with a clear purpose and the opportunity to add value.
“We’ve seen business success from having a small yet functional team. It gives our team the opportunity to be assigned a task and see it through, making the goals clear and more achievable. I encourage peer to peer work and creating a common goal” explained Nick, "I'm very proud of the team and what we’ve achieved”.
And whilst some companies are getting bad press for reducing staff numbers in favour of AI, this isn’t something Nick is looking to implement quite yet.
“There are clear benefits with AI, including efficiencies in R & D, but our innovations are built on a foundation of human care and attention” he said.
www.gtech.co.uk
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MANUFACTURING PUNCH POWERTRAIN
PAGE 92
LAMPRELL PAGE 106
The modular solutions manufacturer has a proven track record of delivering high-quality transmission kits, with a wide range of conventional, hybrid and electric powertrain solutions.
“We develop modular solutions based on proven technologies to make them more affordable. Ultimately we have a vision to help drive the adoption of green mobility solutions worldwide,” said Sebastien Mazoyer, CEO.
Partnerships Behind the Wheel
With nine locations across the globe, Punch Powertrain has formed partnerships with three key players in the industry - Stellantis, TaTa AutoComp Systems, and NIO.
The business’ long standing relationship with Stellantis (a merger between Fiat Chrysler Automobiles and PSA), recently saw the joint venture invest in the MiraFiori Complex, Italy, for e-transmission production. This investment not only supports Punch Powertrain’s growth plans, but Stellantis’ efforts to become a sustainable mobility technology company reaching carbon net zero by 2038.
PUNCH POWERTRAIN PROJECT DIRECTED
BY: REECE PLANE
ARTICLE WRITTEN BY: LAURA WATLING
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Punch Powertrain, which has been in business for over half a century, is on a mission to secure its position as the global agile partner of choice to automotive OEMs.
PUNCHING FORWARD IN THE EV SPACE
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Sebastien Mazoyer, CEO, Punch Powertrain
The 50/50 joint venture between Stellantis and Punch Powertrain, called e-Transmissions Assembly, manufactures and supplies breakthrough eDCTs for the Stellantis’ next generation of hybrid and PHEV models.
The new Mirafiori e-Transmissions Assembly site is expected to start production in 2024. At full production, the Mirafiori and Metz, France, facilities will supply all relevant Stellantis manufacturing sites in Europe.
Announced in September 2022 with production starting in June 2023, the venture between Punch Powertrain and TaTa AutoComp Systems includes the design, manufacturing, marketing and sales of a revolutionary compact dual clutch transmission design (DT1).
The partnership includes a wide range of activities to supply Punch Powertrain’s conventional-hybrid DCTs, continuously variable transmission (CVT) and EV reducers to customers in India.
Meanwhile, Punch Powertrain secured its relationship with NIO in 2018, in a joint venture which saw a €10 million investment into a new production facility in Nanjing, China.
“These partnerships have enabled us to learn quickly from our customer’s requirements, make appropriate investments, build credibility, and secure business for the future,” explained Sebastien.
Ambitious Growth Targets
With governments worldwide setting out its targets for electric vehicle uptake, Punch Powertrain is utilising its agility to support the increasing demand. In turn, it’s hoped this will support its ambitious growth strategy.
With an established presence in China, Belgium, Germany, France and the Netherlands, Sebastien aims to see the company grow from a €400 million turnover to €2.8 billion by 2025.
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Business Enquirer Magazine · Issue 117 99
The Chinese government, a country which has the highest CO2 emissions in the world, has pledged that EVs will become the mainstream of new vehicle sales and the passenger sector will be fully electrified by 2035.
“There is huge potential in the Chinese market, where the government has set a clear roadmap which is full speed ahead,” commented Sebastien, “the EU’s Euro 7 proposal will also play a role in the growth in the market and our business”, he continued.
Amongst its targets, the Euro 7 proposal will enforce emission limits to all vehicles, no matter their fuel or power source.
Taking on the role of CEO in May 2023, Sebastien is a qualified mechanical engineer complemented with a MBA, always having worked in the automotive industry.
Despite being born in France, Sebastien has spent more time working outside of his birth country than in it, taking on roles in Germany, Sweden, China, Korea and Belgium.
“My history has enabled me to experience different cultures and leadership styles, and now Punch Powertrain has enabled me to implement that experience in my own way,” shared Sebastien, “I believe in creating value locally but with a global reach, creating synergies, building partnerships, and doing all of that with a passion for creating a product which improves the future of our planet,”.
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- BELGIUM
PUNCH POWERTRAIN
Modular Technology is the Driving Force
With a variety of partner vehicles on the market, Punch Powertrain has developed an innovative solution to enable as many OEMs as possible to achieve emission reduction targets.
Punch Powertrain’s E-Propulsion Technology Kit is composed of transmissions, e-motors and inverters, including a digital platform with software.
The scalable and modular Electric Drive Unit (EDU) building blocks can be adopted separately or as integrated drive systems, which can be used for applications ranging from two-wheel drive, four-wheel drive, single motor, twin motor, single speed or multi-speed EDUs.
“All individual systems in the E-Propulsion Technology Kit are driven by our full in-house expertise in cost-optimal design methodologies combined with dedicated innovations and state-of-the-art technologies,” explained Sebastien.
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BELGIUM
PUNCH POWERTRAIN -
Having acquired its EV technology in 2018, Punch Powertrain is one of the newest manufacturers in the space. This, Sebastien believes, plays massively in its favour.
“We’ve started from scratch in this market, rather than adapting existing products to adopt EV technologies. This means we’ve been able to learn from our competition, and bring the most refined product to the market which can be customised to customer needs,” he said.
With its technology, Punch Powertrain’s eDCT products enable vehicles to be driven in electric in every gear, whilst enabling longer range thanks to efficient patented technology.
With joint ventures forming a core part of its growth strategy, the business will now look to consider technical and financial partners to support the business next steps.
‘We’re seeking to penetrate the expanding market in India, as well as emerging markets in South America and Africa,” shared Sebastien, “ultimately we are passionate about adding value for OEMS, and bringing electric vehicles to the masses at affordable costs”.
www.punchpowertrain.com
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PUNCH POWERTRAIN - BELGIUM
MILESTONE BOARD MEETING SIGNALS NEXT STEPS FOR UAE-BASED MULTI-MILLION DOLLAR BUSINESS
Joining the company in April 2023, the appointment of experienced energy industry CEO Ian Prescott heralds an exciting period for Lamprell.
Nearing its 50th year in business (in 2026), Lamprell is a leading provider of contracting services to the international energy sector. Established by Steven Lamprell, who is still an actively involved shareholder, in 2022, Lamprell’s Board greenlighted a takeover worth a reported $46.5 million by Thunderball Investments, a consortium of Blofield Investment Management and Al Gihaz Holding.
Despite employing approximately 5000 people across the business, new CEO Ian has highlighted the family culture, which has been instilled by Steven since the beginning.
“Over 1000 of our colleagues have been with the business for over 15 years, and in
a recent company-wide survey, staff noted the people and family focused culture that has been built at Lamprell,” commented Ian.
With staff often working in harsh environments (with temperatures reaching an average daily maximum of 44 degrees celsius in August), staff safety is paramount.
Whilst the data does the talking, with Lamprell’s July 2023 total recordable injury rate at 0.09% compared to the industry standard of 0.39%, Lamprell walks the talk as well.
“We have a yard employee committee which helps to anchor important health and safety initiatives into the business,
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ARTICLE
LAMPRELL PROJECT
DIRECTED BY: JACK COFFEY
WRITTEN BY: LAURA WATLING
Ian Prescott, Chief Executive Officer
such as required use of our cold rooms and hydration,” explained Ian, “since joining Lamprell, I’ve tried to spend as much time as possible with our people and our customers, I’m very much a people person and I find having this hands on approach gives me the best understanding of the business, our people and our customers”.
The recent completion of a strategic workshop which was attended by 15 employees from across the business, has helped both Ian and the Board get a strong understanding of where the company has been and where stakeholders want to take it in future.
“The workshop resulted in a 120-page presentation which formed the basis of a full-day Board meeting. The strategy has been bought into by our shareholders, the Board, and most importantly our people, and we now have a clear path moving forward. Since I joined the business, this feels like the most pivotal moment, enabling us to start rebuilding our capability and move forward with some key projects,” said Ian.
Ian brings with him a wealth of experience in the Oil and Gas sector, helping to turnaround and grow businesses across a diverse range of sectors and geographies.
Starting with Shell as an apprentice, Ian went on to work at Aker Solutions, ultimately driving the growth in Australia’s northern region from a small set-up of 23 employees to over 1000 personnel, accounting for more than half of the Australian business.
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LAMPRELL - UAE Business Enquirer Magazine · Issue 117 109
Offshore wind turbine jackets constructed by Lamprell
EZXW11S-200x4500 3 Rolls Plate Rolling Machine
Plate Thick: 200mm Plate Width: 4500mm Yield Limit: 500Mpa Industry: Wind Tower
EZW43T-120x3000 7 Rolls Plate Leveling Machine
Plate Thick: 120mm Plate Width: 3000mm Yield Limit: 400Mpa Industry: Steel Structure
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PRODUCT INTRODUCTION
EZHONG EZXW11S-200x4500 full-hydraulic 3 rolls plate rolling machine used at Lamprell site started production in EZHONG in September 2022, After high-efficiency production, it finally arrived at the Lamprell site at the end of March
Thanks to the assistance of Lamprell's on-site personnel, machine was officially put into production after a
month of installation and commissioning for the Moray West Offshore Wind Farm project. It has been in use for nearly 4 months and maintained high-yield and high-efficiency rolling! The high level of Lamprell's senior leadership recognized, hope to continue to establish a cooperative relationship with EZHONG.
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Leveling At JZNEE
Further to Aker Solutions, during his tenure as Senior Vice President, Asia Pacific, at McDermott International, Ian helmed the growth of the business from 4000 employees and a turnover of around $200 million a year to an impressive 20,000 employees and a turnover approaching $2 billion per year.
“It’s important to remember that this isn’t my success story; this is very much a team game and I’ve always been very fortunate to work with outstanding individuals and teams,” added Ian.
It’s expected that Ian’s appointment at Lamprell will help to drive its newly adopted strategy, supporting the business in renewing its title as a market leader.
Lamprell’s strategy focuses on two key energy sectors: Oil and Gas, which includes its site services business units and Renewables.
Working for the likes of ADNOC, Dubai
Petroleum and Saudi Aramco, Lamprell has been working in the oil and gas sector since its inception.
Within this segment, the business, which has two main facilities in the UAE comprising over 750,000m2 between the sites, one with a 1.2 kilometre quayside, is recognised for building complex offshore and onshore process modules and platforms, fabricating and refurbishing rigs and liftboats and providing maintenance services.
Its smaller business offering includes its onshore focused engineering and construction (E & C) business, operations and maintenance (O & M) division which includes a roster of around 1000 labour staff and its Sunbelt business which is focused on providing health and safety equipment and services.
“We’re planning to expand all our smaller businesses, and for some, that will mean beyond the UAE, into Qatar, Kuwait and
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EZHONG, established in 1958, the one of the largest manufacturers of heavy-duty plate rolling machines, heavy-duty leveling machines, high-efficiency production lines and customized equipment in the world. With nearly 70 years of production experience, its products and services have spread all over the world: China, the United Arab Emirates, the United States, Russia, Vietnam, Thailand, Indonesia, Iran, India, Zambia and other countries.
wind power, petroleum, nuclear power and general construction machinery. EZHONG can also provide a wide range of automation for plate rolling machines, including plate loading systems, feeding tables, side supports, top supports, roller tables and many other customized solutions.
EZHONG has a high number of patents in the industry, has been committed to the research and development of rolling technology and strives to acquire the best skills in the process. Currently, EZHONG equipment adopts the most advanced 3D CAD technology and submits finite element analysis to enhance the stability of the equipment. EZHONG is continuously improving and applying to the production of plate rolling machines and leveling machines, always ready to design customized solutions to meet customer needs.
EZHONG products include heavy-duty plate rolling machines with the widest rolling range (3 rolls and 4 rolls), with a width of 2 to 6m and a thickness of 30 to 300mm, and which produced a three-roll plate rolling machine with a pressure force of 8000T.
Plate rolling machines are widely used by major and leading companies in the wind tower, foundation, tripod, monopile, pressure vessel and other industries;
High-precision heavy-duty plate leveling machine, used for leveling plates with a width of 1-6m and a thickness of 10-200mm, customized equipment for bridge steel structure, engineering machinery, aerospace, shipbuilding and other fields.
EZHONG specializes in the production of leveling machines, and has produced seven-roll leveling machines with a thickness of 120mm and a width of 3000mm.
EZHONG is also the preferred supplier of many global top companies in the fields of offshore
It is a great honor for EZHONG to cooperate with LAMPRELL (www.lamprell.com) with the 200x4500 three-roller plate rolling machine to help the offshore wind power Moray west project. EZHONG will continue to carry forward the enterprise spirit of being pragmatic, harmonious, and concentric, and make persistent efforts to climb the peak bravely, dedicate metal forming equipment with excellent quality, leading technology, and economical reliability, and continue to contribute to the world's environmental protection!
www.ezhonggroup.com
Business Enquirer Magazine · Issue 117 113 LAMPRELL - UAE
Saudi Arabia. Ultimately, we would like to see our presence increase significantly in Saudi Arabia,” shared Ian.
The Rise of Renewables
Lamprell first stepped into the renewables industry in 2007, working with Fred Olsen and Seajacks on the production of six offshore wind installation vessels.
Later in 2017, the company started fabricating wind turbine foundation components and has to date delivered over 130 jackets, 90 suction buckets and 180 piles for clients, including ScottishPower Renewables, GeoSea and Seaway 7.
Currently, the business is in the process of delivering 62 transition pieces to client Moray Offshore Windfarm (West) Ltd for a wind farm in Scotland.
To support this project and those anticipated in the future, Lamprell embarked on a multi-million dollar investment into its ‘production line’. The production line, which has the capacity to produce 150 transition pieces per year, was commissioned in early 2023 and is now being used to deliver 62 of these units for the Moray West project. Thanks to its serial production, it sees transition pieces being built efficiently, on time, on budget and, most importantly, safely.
“We’re very proud of the production line, which is operational 24/7,” explained Ian, “it’s a strong offering to the industry, which has a big demand for these pieces and can produce high-quality products with few weld failures.
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LAMPRELL - UAE
Transition pieces being fabricated by Lamprell
According to 4C Offshore’s Q2 2023 report, there could be as much as 268 GW of installed capacity in offshore wind by 2030 if all planned and potential projects go ahead, of which approximately 55 GW is already installed. In our target markets alone, we have identified huge demands for offshore wind components over the next several years.”
Uniting Through Education
Of the UN’s 17 SDGs, 13 are applicable to Lamprell’s operations, and over the y ears, they have developed and implemented several sustainable measures that are geared towards these. Ensuring sustainable consumption and production patterns is a sustainable development goal that Lamprell works towards daily. The result shows that an average of 90% of the waste generated from our
operations is diverted from landfills. This is one of the highest amongst our peers in the industry.
A key element to meeting these requirements includes Lamprell’s focus on education.
Working with the Don Bosco Foundation, Lamprell has a successful apprenticeship scheme, up-skilling those from impoverished communities. It’s also partnered with SmartLife Foundation, which provides a literacy programme that has seen significant uptake.
“Of our 5000 employees, we have around 45 different nationalities. By supporting a reading programme to improve English skills, we can share a language making it easier to develop the business, disseminate learnings, and keep our colleagues safe,” explained Ian.
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Working in Partnership to Strengthen the Industry
Working alongside Saudi Aramco, Lamprell is one of ten key companies engaged by the business as part of its prestigious offshore long term agreement (LTA) programme, and one of five who is currently active.
Currently, the business is supporting Aramco in various LTA expansion projects.
“Our continued work with Saudi Aramco offers us the opportunity to grow and develop. A key element of our strategy will be to grow and develop our relationship with them, becoming their partner of choice,” said Ian.
In addition, through a joint venture with Saudi Aramco, Bahri and Hyundai Heavy Industries, Lamprell owns a 20% share in
The IMI yard, resulting from a $6 billion investment, is a state-of-the-art facility focusing on the construction, maintenance, repair and overhaul of offshore rigs, commercial vessels and offshore service vessels for the oil and gas and maritime sectors.
Through its IMI partnership, Lamprell will also deliver two new build jackup rigs to ARO Drilling, a joint venture between Aramco and Valaris Companies. Once complete, Lamprell would have delivered a total of 30 offshore jackup rigs in its history.
Lamprell has also recently embarked on exciting projects to enhance its digital prominence.
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International Maritime Industries (IMI).
Working with Akselos, a cutting-edge
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Lamprell’s Hamriyah facility, where it has built and refurbished numerous jackup drilling rigs
Lamprell’s renewables production line
simulation technology leader, Lamprell has in place a exclusive distributor agreement that allows it to provide customers with unique digital twin technology to assist them with their asset management activities.
Following a study on its lifting frame, it was determined that Akselos’ engineering software had the potential to reduce the steel weight and associated costs of offshore wind foundations by up to 30%. “Our aim is to improve our constructability input and enhance future designs significantly; we have already gained unprecedented insights into cost reduction
opportunities for our clients,” explained Ian.
In respect to its work with digital twins, Lamprell also recently won a Hexagon Award for the Best in Operation category.
Whilst Lamprell has faced both the challenges and opportunities of the oil and gas industry over the years, with its strategy being led by Ian Prescott and backed by staff and stakeholders alike, it feels as if it is on the precipice of something monumental.
www.lamprell.com
UAE
LAMPRELL -
RETAIL SHOPRITE PAGE
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With more than 3,150 stores across 10 countries, Shoprite Holdings is the group behind some of Africa’s most loved customer facing stores, such as Shoprite, Checkers, USave, and House and Home. Additionally, it has expanded into ecommerce and B2B and customerfacing logistic services.
Driven by a customer-first approach, Shoprite Holdings has well established its vision of providing affordable and accessible products to customers from all walks of life.
In March 2023, the business reported yet another successful period of growth (26 weeks ending 1st January 2023), with group sale of merchandise increasing by 16.8% to R106.3 billion, and the creation of nearly 4,000 jobs across its supermarket operations.
Founded on its purpose to uplift lives every day by pioneering access to the most affordable goods and services, creating economic opportunity and protecting the planet, the business has highlighted its three-point strategic plan:
1. A Smarter Shoprite - A truly customerfirst culture, developing future-fit channels, and enabling precision retailing;
2. Closing the Gap in Key SegmentsTrusted, profitable private labels, growing its share in premium and fresh food, and establishing a stronger franchise offer;
3. Winning in the Long Term - By unlocking alternative revenue, future-fit talent, and leverage platform advantage.
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Established in 1979 in South Africa, Shoprite Holdings has grown to become the largest supermarket retailer in Africa.
SO ENERGY PROJECT DIRECTED BY: GLEN NEWTON ARTICLE WRITTEN BY: LAURA WATLING
In an African first, 62 butchery managers and trainers – 13 of which are women –joined the global club of certified Master Butchers following graduation from the Shoprite Group’s Master Meat Artisan Programme.
CUSTOMER -FOCUSSED
INNOVATION SEES SALES SOAR IN SOUTH AFRICA
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Adding Value: To Its Customers
With the cost of living crisis affecting nations worldwide, South Africa is no exception. In 2022, inflation rose from 2% to a high of 7.8%, and saw a loaf of bread cost 20% more than it did in 2021.
Putting its customers first, Smartrite Holdings strives to manage costs in benefit of its customers.
One way in which it achieves this is by utilising its centralised distribution network, long-standing supplier relationships and bulk-buying power to provide products at the lowest prices.
In addition, it subsidises essential items like Shoprite’s in-house loaf of brown bread, sanitary pads, and wholesome meals at Shoprite’s deli counters.
Adding Value: Through Environmental Stewardship
Shoprite Holding’s support to customers expands far beyond what it can do on the shop floor.
The business acknowledges its role in reducing its environmental impact, with it affecting not only its business, but also the communities in which it operates. With this in mind it has extended its sustainability practices across its brands, such as Checkers’ ‘Better for our planet’ campaign.
The initiative saw Shoprite Holdings implement AI to identify customer requirements, therefore reducing over-ordering, unnecessary waste, and increased carbon footprint. On the other side of this, it donated surplus food to more than 500 charities, supporting 46 million meals.
The project also saw the collection of over 3.6 million litres of used cooking oil, which was recycled into industrial products. In addition, the ‘Better for our planet’ initiative saw Checkers reduce its water use intensity by 7.5%, seeing it named as South Africa’s highest-ranked retailer for managing water resources properly by the Carbon Disclosure Programme.
Through its logistics network, Shoprite Holdings uses a fleet of over 1000 solar powered trucks, contributing to the generation of 1.4 million kWh and saving 3.3 million kg of carbon emissions per year. As well as this, its LED lamp replacement project has resulted in an electricity consumption reduction of nearly 4000 million kWh.
Adding Value: Through Innovation
Ensuring the future of the business, Shoprite Holdings has launched its technology and innovation hub, ShopriteX.
ShopriteX utilises data science, technology, media, digital commerce and personalisation to identify and support
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SHOPRITE - SOUTH AFRICA
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New rooftop solar photovoltaic (PV) installations at various sites throughout the country are adding to the Shoprite Group’s growing network of solar-powered and renewable electricity installations in South Africa.
investment into the future-proofing of the business. The ultimate aim, of course, is to ensure the continued delivery of value to its customers by combining the strengths of physical retail and digital customer experiences.
“Shoprite to the power of X represents the exponential growth opportunity when you combine the best of data, tech and talent with the scale of the Shoprite Group. We are solving real retail challenges with the country’s brightest minds,” said Neil Schreuder, Chief of Strategy and Innovation for the Shoprite Group, on its website.
The business has made notable strides in achieving its goal of creating a smarter Shoprite whilst remaining resolute in its commitment to being Africa’s most accessible, affordable and innovative retailer.
One initiative it has implemented is Xtra Savings, South Africa’s fastestgrowing rewards programme which has been rolled out at Shoprite and Checkers.
With millions of completely paperless sign-ups, Xtra Savings provides ShopriteX with the data that supports personalisation for its customers.
Meanwhile, Checkers Sixty60 is an innovative, award-winning 60-minute grocery delivery service which has been developed and delivered by ShopriteX, using the best of digital to deliver a customer-centric service to its customers' doorsteps.
Adding Value: Through Opportunity
In its 2022 Sustainability Report, Shoprite Holding’s highlighted that its employees are an integral part of the business meeting its customer needs and reaching its customer-centric goals.
With that in mind, it has developed its People Plan which includes detailed work tracks in specific areas to further enhance its customer-first culture and develop future-fit talent.
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The Shoprite Group is the first South African retailer to pilot a heavy-duty electric truck as part of its fleet, and 28-year-old Robin Jooste from Colorado Park, Mitchells Plain has been selected to drive it.
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The business employs over 145,000 people across Africa, of which 64.6% are women (an increase by 0.6% between ‘21 and ‘22.) Now, amongst those are Africa’s first women Master Butchers.
In an African first, 62 butchery managers and trainers, 13 of which are women, joined the global club of certified Master Butchers following graduation from the Shoprite Group’s Master Meat Artisan Programme.
Shoprite Holdings is the only company in Africa to provide what is considered a highly specialised butchery learning programme, underwritten by the UK’s Institute of Meat.
The course provides participants with extensive knowledge in meat processing practices from farm to fork.
It is anticipated that approximately 150 more employees will be enrolled on to the programme over the next five years. Not only will this boost employee development opportunities across the business, it will also support putting the retailer, and South Africa, on the map as world-class specialists in butchery operational practices.
www.shoprite.co.za
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AFRICA
SHOPRITE - SOUTH
MINING TRX GOLD PAGE 132
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A BUSINESS WORTH ITS WEIGHT IN GOLD
TRX GOLD PROJECT DIRECTED BY: GLEN NEWTON ARTICLE WRITTEN BY: LAURA
WATLING
Found in Africa’s fourth largest producer of gold, Tanzania, the Buckreef Gold Project comprises five active prospects - Buckreef, Bingwa, Tembo, Eastern Porphyry, and the recently discovered Anfield. In 2021, Tanzania accounted for 1.3% of the world’s total global gold production.
Led by TRX Gold (headquartered in Toronto, Canada) in partnership with Tanzania’s state mining corporation (STAMICO), the project, which is fully licensed for the mining and extraction of gold, is currently undertaking considerable expansion.
CEO Stephen Mullowney, who has been at the company for 18 months, speaks to Business Enquirer about the exciting project, its discoveries, and the next steps.
The lay of the land
“Over the last 16 months, we’ve been focused on creating shareholder value by discovering, investigating and expanding the known gold zones at Buckreef Gold,” explained Stephen.
Measures that the company is undertaking to fulfil this include step-out drilling in the northeast and southwest extensions of Buckreef Main, and infill drilling at Buckreef West.
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TRX Gold also plans to undertake infill drilling to upgrade Mineral Resources in Buckreef Main.
Buckreef, the flagship site of the Buckreef project, encompasses three main mineralised zones - Buckreef South, Buckreef Main and Buckreef North.
Additionally, TRX Gold will seek to upgrade historical mineral resources at Eastern Porphyry, Bingwa and Tembo, as well as develop an exploration program for the newly discovered Anfield Zone.
“The project is undergoing a very exciting period of expansion,” said Stephen, “We’re currently processing 360 tonnes of ‘ore’ (economic gold bearing rock) per day, but by the end of August 2022, this will triple to 1000 tonnes per day. Put another way, every month we are currently producing over 750 troy ounces of gold, but with the expended plant this will grow to approximately 2,000 troy ounces a month. With gold selling at around $1,750 per ounce, this makes for an exciting start to our business”.
Reinvestment to aid growth
TRX plans to use cash-flow generated from its current production to expand its exploration programme, as well as to advance the metallurgical study of its Sulphide Development Project.
“The work we are doing within the Sulphide Development Project will help evaluate the possibility for a high return, large scale project,” explained Stephen, “variability metallurgical studies are currently underway, which is set to be the first 5-7 years of this much larger project”.
The discovery of the Anfield Zone offers yet more opportunity for TRX.
“Our plans for this year include drilling the Anfield Zone and extending the Eastern Porphyry Zone,” shared Stephen.
Most recently, in June 2022, TRX Gold announced a 250 metre northeast extension of the Buckreef Gold Main Zone, to a total strike length of 1.8 kilometres.
TRX GOLD - CANADA
Solo Resources
Smaller cost effective plants - the way forward? With its focus on bringing smaller processing plants to fruition, Solo Resources has experienced wide ranging success in this arena. Many of the smaller enterprises fail to get off the ground due to high capital costs.
According to Craig Naude, MD of Solo Resources, “There exists a niche market worldwide, but particularly in Africa, for smaller, cleverly designed and affordable mineral processing plants. This is where our vison for cost effective solutions comes to the fore.”
As a reliable and innovative resource solutions provider, Solo Resources boasts an outstanding track record and a commitment to excellence. Being a premier provider of innovative resource solutions, the two-decade old company is built on a foundation of expertise, dedication, and an understanding of the industries they serve. With
years of experience under their belt, they have established themselves as leaders in delivering solutions that drive success.
“Ranging from the supply of a selection of standalone high-quality metallurgical processing equipment to turnkey projects, Solo provide solutions that are cost effective, durable, efficient and tailored to specific requirements” according to Johan du Plessis, the General Manager.
“Our team of experts ensures seamless integration and optimal performance, contributing to increased productivity and safety”
Solo Resources are equipped to serve clients around the world. Based in South Africa, ease of communication and travel ensure their reach extends well into Africa as well as other continents, allowing them to bring their expertise and solutions to diverse markets and environments.
We are a solutions driven team
Every metallurgical process design matters
We consult on, design, fabricate, supply and commission turnkey mineral processing plants. There exists a niche market, especially in Africa, for smaller and affordable processing plants. Too large capital expenditure loses investor appetite, particularly for start-up companies or owners of small but lucrative deposits. That is where Solo Resources plays a key part as we focus on cost effective solutions to realise the recovery of valuable mineral at affordable prices for our clients. From the supply of single piece equipment to the installation of turkey plants and everything in-between, Solo Resources can provide the solution you’ve been looking for.
www.soloresources.co.za www.soloresources.co.za/turnkey-solutions +27 11 504 9001 info@soloresources.co.za
The drill rig is now exploring the southwest area of the Main Zone.
“With the combined expansion and development, we will be able to expand the scope and scale of the Buckreef Gold project,” said Stephen.
The Most Valuable Asset
With ambitious development over the next year, TRX Gold has had to grow its human resource to match.
“We’ve added an additional 200 staff to the mine site in the last year. I’m really excited by how knowledgeable, industry experienced and hardworking the Tanzanian people are,” shared Stephen.
The additional staff takes TRX Gold’s headcount to 300 at the mine site - 100 of TRX Gold’s own employees and a further 200 contractors.
“Finding human resources and financial capital are both a challenge at the moment. However, the economy is rebounding and both the tourism and mining industries in the country are starting to see a positive shift,” the CEO said.
As part of the business’ sustainability programme, TRX Gold runs educational programmes and classroom building in partnership with the local community. It hopes, in turn, it will be able to hire additional staff through this initiative.
Stephen believes company culture will play an important role in a future recruitment drive, ensuring prospective employees consider TRX Gold as an exciting and attractive place to work, on a corporate and ground level.
“Both respect and collaboration are key,” said Stephen
Stephen, who joined the business 18 months ago, comes from a financial background, having worked at PwC for 10 years.
“My experience at PwC enabled me to be well traveled and included work with governments, it has equipped me well to transition to TRX Gold,” he said.
Framed by Good ESG Practices
The development of the Buckreef Gold project comes at a time when sustainable mining couldn’t be more newsworthy.
TRX GOLD - CANADA
“The Buckreef Gold Project started at the same time that the UN launched the Decade of Action for Sustainable Development Goals,” explained Stephen, “everything that we do is framed by TRX Gold’s Sustainable Development goals. ESG is central to our business”.
TRX Gold’s philosophy is that its projects should benefit the local community in which it is exploring. As such, almost 100% of positions at the mine site are filled by Tanzanian people, and as locally as possible.
“We keep our procurement as local as possible too, from the produce used in the kitchen through to the contractors. This has been integral to help keep our carbon footprint low, and has also benefited us in a time when supply chains have been significantly disrupted globally,” shared Stephen.
The project is connected to the local electrical grid which already has a large hydro-electric component. Once the Julius Nyerere Dam is completed in a few years’ time it will be predominantly renewable energy. The project is also recycling 100% of its wastewater.
Time to deliver
“Thanks to the project’s rather simple metallurgy and low-cost nature, current gold production has been able to achieve a 90% gold-recovery rate and a 73% gross profit margin at the end of our Q3,” explained Stephen.
With its processing plant capacity increasing to 1000 tonnes per day, the project's gold yield is set to reach 20,000 oz per year. This gives TRX Gold the required investment opportunities to deliver on its development and expansion aims, whilst also implementing its ESG programme.
www.trxgold.com
138 Issue 117 · Business Enquirer Magazine
TRX GOLD - CANADA
INVESTMENT TGI GROUP PAGE 142
THE INVESTMENT COMPANY CREATING INCLUSION IN NIGERIA AND BEYOND
“When it comes to business, we can be considered a Swiss Army knife,” said Farouk Gumel, Group Executive Director and Executive Vice Chairman (Africa) at TGI Group, “we do a bit of everything very well”.
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TGI GROUP PROJECT
DIRECTED BY:
ROBBIE MORRIS ARTICLE
WRITTEN BY:
LAURA WATLING
Starting with one business in Nigeria in 1981, TGI Group has grown its business across emerging markets in Africa, Middle East, and Asia by identifying deficits and providing solutions ,leveraging locally available raw materials whilst staying true to its founder’s pioneering and entrepreneurial spirit.
Now, the business employs 23,000 people (both direct and indirect) across more than 20 international subsidiaries in various business verticals. In food and agribusiness, working in close collaboration with around 100,000 farmers, TGI Group has developed a circular eco-system in which it supplies input to farmers, and then purchases the produce to sell to retailers and
major food businesses especially in the hospitality sector.
“The more inputs such as agro-chemicals and fertilisers our farmers buy from us, the more produce they can create, and the more we can buy back,” explained Farouk, “our business is built on a foundation of believing in Nigeria’s potential and investing in it”.
With brands such as Big Bull rice, Terra seasoning cubes and vegetable oils, RENEW fabric starch and Kleansol, it is estimated that 3 million consumers come in contact with TGI Group’s products daily.
Recently, the business’ Terra Seasoning Cube was awarded Outstanding
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Brand by Allied Integrated Promotions Management Limited’s National Quality Awards.
The brand received praise for its availability on the market, as well as it’s taste and functionality.
Ensuring Access
TGI Group’s premier brand is Big Bull Rice, which it uses to engage consumers into the wider TGI Group. In the past, the brand has sponsored Nigerian football team, the Super Eagles, as the official food partner.
Aligning its food products with the health and nutrition sector, it now supports Kebbi State beach soccer team.
“Beach Soccer is increasing in popularity in Nigeria, becoming a bit of a phenomenon, and contrary to popular belief, you don’t need a beach to play, just sand!” explained Farouk, “our products are very healthy, so
it makes sense for us to market ourselves alongside sport”.
TGI Group has been commended by Kebbi Beach Soccer Association for its investments into sport and youth development in the region. The Group also supports the largest national tennis tournament in Northern Nigeria: the Dala Hard Court Tennis Tournament.
Reaching the masses via sport, Farouk was keen to highlight that whilst its products are made to be affordable for the population, they never compromise on quality.
Inclusion At Every Touchpoint
TGI Group is on a mission to drive inclusivity across its geographies, starting internally.
“It’s important to listen to everyone’s ideas and have an open-door policy,” said Farouk, “I hold regular informal
TGI GROUP - NIGERIA Business Enquirer Magazine · Issue 117 145
ideas sessions with the younger generation of the team, this is how we encourage innovation. Part of these engagements is what birthed our venture capital fund 22 Invest, where we plan to fund young people’s businesses after assessing their viability”.
To ensure the development of financial inclusion, TGI Group runs Farmer Business Schools across its various crop value chains.
“Many farmers are paid annually at harvest for their crops but haven’t been educated on how to manage a lump sum to last for a year until the next planting season. Our Farmer Business Schools have been established to support farmers in wealth management”, explained Farouk.
To complement TGI’s rural inclusion offerings, in 2022 TGI the Group acquired Union Bank, one of the oldest banks in Nigeria.
In addition to having a strong digital banking strategy, the bank is also pursuing a re-branching strategy that will deliver banking to rural communities where telecommunication service is weak or unavailable. These value propositions will ensure banking services are delivered to the predominantly formal urban economies and the mostly informal rural economies.
“By making our branches efficient and accessible and through collaborations with microfinance banks across the country, we will ensure that banking services reach the most rural communities,” said Farouk.
Further to this, TGI is working with local governments, and other national agencies to improve access to formal identification documents, to support farmers and citizens in rural communities in opening bank accounts. As well as this, it is creating agency banking platforms, comprised of known
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members of the communities, who will provide banking services to these community members.
“In a typical season TGI Group spends around 250 billion Naira seasonally to buy harvested produce from farmers and aggregators which traditionally was transacted in cash. With these rural banking developments, around 40% is now being deposited directly into bank accounts, giving farmers and aggregators the opportunity to safely store and save their earnings,” Farouk added.
Moving into its second year of banking operations, the business plans to embark on a growth strategy by expanding its rural inclusion drive to other states across Nigeria.
Once formalised banking is established for its communities, TGI Group will seek to develop digital inclusion.
“Digital inclusion poses some
challenges, particularly where the network coverage isn’t strong enough to support this,” said Farouk, “however, we are determined to support our communities in bridging the gap between the formal and informal processes”.
Embarking on Expansion
In addition to banking, TGI Group (alongside partners) has established itself in real estate, soon to complete its second project, a skyscraper in Lagos.
“We’re very excited for the upcoming months. We’ve just completed our second rice mill and second oil mill in Nigeria. We’ve also recently completed the construction of a new dairy factory in the UAE,” shared Farouk.
As well as this, TGI Group is in the process of expanding its fishing fleet, fertiliser and agrochemicals factory and seasoning cube production.
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“Whilst we are seeing expansion businesswide, we do so with the intention to impact inclusivity and bring value to our stakeholders,” he continued.
Farouk even highlights inclusivity through his leadership style, which he has developed throughout his career.
“I believe in continuously engaging with my colleagues, ensuring everything is done in a collective manner with everyone’s ideas being considered. The best skill I’ve learnt through my career is to always listen and be the last to speak,” shared Farouk.
During his conversation with Business Enquirer, Farouk was keen to highlight the realities of the Africa Continental Free Trade Agreement (AfCFTA).
The agreement, which was brokered by the African Union in 2018, aims to reduce tariffs among members and covers policy and regulations.
The AfCFTA is an ambitious trade pact to form the world’s largest free trade area by creating a single market for goods and services of almost 1.3 billion people across Africa and deepening the economic integration of Africa.
“Policy makers must consider the current informal nature of the African economy, and support measures to formalise it. Whilst the AfCFTA will have its benefits for the continent, policy makers must keep in mind the existing, practical realities, and then find a balance that will bring together the formal manufacturing sectors with the informal segments of the manufacturing value chain. Both upstream in raw material production and downstream in the retail and distribution sectors,” said Farouk.
www.clicktgi.net
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MARINE FACILITIES
PORT OF ANTWERP-BRUGES PAGE 152
PORT OF ANTWERP PROJECT
DIRECTED BY: ROBBIE MORRIS ARTICLE
WRITTEN BY:
LAURA WATLING
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THE PORT AUTHORITY MOTIVATING CHANGE
After several years of preparation and negotiations, in April 2022 the independent ports of Antwerp and Zeebrugge merged, forming the largest export port in Europe.
The merger resulted in a unified added value of nearly €21 billion, accounting for 4.5% of Belgian GDP.
Tom Hautekiet, a member of the negotiation team as former CEO of Zeebrugge and now Chief Commercial Officer of the unified port explains:
“It was an incredibly exciting merger, and we could see how both ports would complement each other's abilities and capacities, as well as offer geographic advantages” explained Tom, highlighting the ports’ yin and yang-like capabilities.
Whilst Antwerp offers ten times the amount of container TEU to Zebrugge (with Antwerp at 15 million TEU versus Zeebrugge at 1.5 million TEU), Zeebrugge is known for being the biggest automotive import/export hub in the world, with Antwerp offering much fewer in comparison.
Meanwhile, Zeebrugge’s short sea operations accounted for 70% of its business with the remaining 30% focussed on deep sea connections in the Far East and Asia, more than the opposite was accounted for in Antwerp.
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Over a year on from the merger, and the unification has enabled the port to accelerate its innovation, sealing itself as a crucial link to the international supply chain.
Now, the united port known as the Port of Antwerp-Bruges is making significant investments to develop capacity for its customers and improve its offering both in Northern Europe and the wider world.
Customer Focussed Developments
Although already operating with a combined container capacity of 16.5 million TEU, the Port of Antwerp-Bruges is embarking on a significant investment to add a further 7 million TEU, mostly benefitting the port in Antwerp.
Phase One of this development is due to start in 2025, with plans to be fully operational by 2032.
“The project will see us add almost 50% more container capacity, which will enable our customers to improve their own business output,” said Tom.
Whilst the container capacity increase will mostly impact activities in Antwerp, at Zeebrugge expansion will be made at the automotive hub, which currently sees 3.5 million cars handled per year.
“As part of this development we’re planning to add a second lock, providing additional nautical access to the port to enable increased activity,” added Tom.
Taking a Pioneering Role in the Energy Transition
With Antwerp being the home of the second largest chemical cluster in the world, and Zeebrugge being responsible for importing 15% of Europe’s LNG, the Port of Antwerp-Bruges is perfectly situated to support the global green energy transition.
“To reach the targets outlined in the Paris Agreement, Europe will need to produce 10 million tonnes of hydrogen, and import
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Tom Hautekiet, Chief Commercial Officer at Port of Antwerp-Bruges
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10 million tonnes by 2030. Ports will be crucial in facilitating this, and the Port of Antwerp-Bruges wants to be one of the pioneers,” said Tom.
In order to be at the forefront of the energy transition, the Port of AntwerpBruges is developing its road map to meet demand, with ambitions to become Europe's leading import hub for green hydrogen.
“This will include further developing the necessary infrastructure including bunkering, inland terminals and pipelines,” explained Tom.
Further spearheading, the Port of Antwerp-Bruges is taking steps to become the first port in the world to develop its own fleet of green tug boats, one which will use hydrogen and methanol.
your logistics partner in the Port of Antwerp-Bruges
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Business Enquirer Magazine · Issue 117 157 PORT OF ANTWERP-BRUGES
BELGIUM
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ZUIDNATIE
Zuidnatie handles your project cargo, heavy-lift, iron & steel, general cargo, containers, bulk and soft commodities. In 2022, more than 2,270,000 ton cargo was managed at Zuidnatie's three terminals Zuidnatie also handled more than 550,000 TEU via its container division Becomar. In 6 years’ time their CO2 emission is reduced by 33% as a result of their climatefriendly actions and sustainable investments info@zuidnatie be 03 205 97 00
“Analysis of the port has shown that our biggest emitter of CO2 is our fleet of tug boats, so we intend to reduce the emission by 10% by 2025,” Tom shared, “it’s important that we “walk the walk””.
Growing its Offering to Plug Industry Gaps
“The role of Port Authorities is changing. Ports are no longer only landlords and can play a valuable role in plugging gaps in the global supply chain services,” highlights Tom.
With that in mind, the Port of AntwerpBruges has also taken on a pivotal role in identifying bridging the gaps in the sector, resulting in a network of daughter companies.
This includes its subsidiary the Port of Antwerp-Bruges International, which utilises the port’s own experience and knowledge to strengthen ports and terminals worldwide, through consultancy, management solutions, investment projects and training.
AI is another area the Port of AntwerpBruges foresees opportunity, albeit with the requirement of industry-wide change.
“Not every business in the supply chain is uniform, and so the industry needs a revolution of information sharing to support improved efficiencies for customers,” explained Tom, “Through our daughter companies we are developing software platforms and inviting the wider port community to be involved”.
Whilst the energy transition and industry 4.0 poses challenges and opportunities, the Port of Antwerp-Bruges considers itself a motivator and facilitator of change, and Tom anticipates that other ports will soon follow its lead.
www.portofantwerpbruges.com
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PORT
ANTWERP-BRUGES - BELGIUM
Did You Make the Most Inclusive Festival of Summer ‘23?
Sziget Festival
Leisure & Hospitality
Your Sign to Book a Stay at THIS Hungarian Hotel
Crowne Plaza Budapest
Leisure & Hospitality
Could Golf Be Your Autumn Hobby? And if it is, do it in style!
Bling Your Swing Customisation
The Future of Golf is in Norfolk’s Hands
Royal Norfolk
Leisure & Hospitality
Sziget Festival, Budapest, Thursday 10th AugustTuesday 15th August 2023
Did You Make the Most Inclusive Festival of Summer ‘23?
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Business
Magazine
·
Enquirer
SZIGET FESTIVAL PROJECT
DIRECTED BY: CHARLOTTE ROPE
ARTICLE
WRITTEN BY: LAURA WATLING
SZIGET FESTIVAL - HUNGARY
Europe’s popular Sziget festival returned 2023 with yet another phenomenal line up.
Designed to be one of the world’s most inclusive and sustainably-minded festivals, Sziget enabled revellers to party without the guilt - but it couldn’t guarantee no hangover!
With a line-up of world class acts spanning six jam-packed days, Sziget offered more than just music. The festival also featured yoga, break-dancing shows, theatre performances, a funfair, and even sport!
Importantly, the festival also came with sustainability credentials to blow other festivals out of the water!
The Line Up
With musical heavyweights such as Prince, Justin Beiber, Snoop Dogg, and Arctic Monkeys having graced the Sziget stage in the past, Sziget 2023 didn’t disappoint.
Headlining the festival this year was Florence + The Machine (Thursday), Imagine Dragons (Friday), David Guetta (Saturday), Mumford & Sons (Sunday), Lorde and Macklemore (Monday), and Billie Eilish (Tuesday).
Sziget Festival, which is located on Budapest’s Óbuda-Island, is the perfect festival for eclectic music lovers, allowing you to visit with a group that has a diverse taste.
This year, acts spanned genres and continents, from YUNGBLUD to Diplo, Sven Väth to Shlømo, the festival’s roster of acts was a busy one, with 80 performers gracing the main stages over the six days.
For 2023, Sziget was expecting up to 80,000 festival-goers, so visitors may have needed a breather from the hustle and bustle of the Mainstage dedicated to Dan, FreeDome presented by Mastercard, and the Samsung Party Arena.
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Thinking of everything, ticket holders had the opportunity to get some downtime over at the ArtZone, the daytime venue which offered a range of creative and interactive programmes, enabling active relaxation. Visitors were able to meet some of the most interesting people in the Hungarian art scene, as well as explore installations from students, designers, and galleries from across Hungary.
For a more light-touch musical experience, festival-goers could visit the Light Stage. Designed as a chill-out zone, the Light Stage offered live music from emerging musicians. Preparing guests for the main stages, this area came with its own bar and smoothie corner.
And for those seeking a bit of culture over the six days, Cirque du Sziget showcased unique performances from jugglers, equilibrists, acrobats and more, from countries such as Canada, Morocco, Australia and Argentina.
If watching all of the breathtaking performances made visitors want to give it a go themselves, they could head over to the Global Village, which offered workshops in world music. From Eastern Europe to South America and Asia to Africa, there really was an experience for everyone!
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On The Island
Whilst it sounds like it could have been an exhausting six days, Sziget Festival paid careful attention to its accommodation offering.
Basic camping came as standard, but ticket holders had the opportunity to upgrade their stay to one of several onesite camping options.
Siesta Camping offered shady camping spots, whilst Park Camping was close to the entrance for those not wanting to carry their luggage too far!
For those wanting to stay somewhere Instagrammable, Sziget Ville and Podpadopolis offered a range of photoshoot-worthy glamping options. Sziget Festival spans the 108-hectare Óbudai-sziget, which translates to Old Buda Island. The largest Danubian island in Budapest, the tree-filled location even has its own beach!
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Off The Island
It’s unlikely that Sziget ticket holders found themselves bored over the six-day experience. However, for those taking the time to travel across the world to Hungary, it would have been remiss to not take a trip to wider Budapest.
For the sixth time, Sziget festival enabled visitors to take the festival to the river Danube on its Sziget
Cruisin Boat Party!
The elegant pleasure-boat sailed past all the sights along the Danube, including Parliament, and the world-famous panorama of Budapest. The changing views were made more breathtaking by the accompanying music from the likes of Joris Delacroix, Bart Skils, and James Zabiela.
Whilst visiting Budapest, Sziget Festival also recommended a few other sites to visit during your stay.
As passed on its boat cruise, the Hungarian Parliament building is one of the most iconic buildings in Budapest. Whilst it offers its own breathtaking sight
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with its neo-gothic architecture, it also gives stunning views of the city.
Visitors to Budapest can also check out the UNESCO World Heritage Site - Buda Castle, explore Budapest’s Jewish Quarter, featuring a number of synagogues, museums, and restaurants, and even do some relaxing at the thermal baths!
A Guilt-Free Stay
Under the umbrella of its Love Revolution initiative, Sziget Festival is on a mission to ensure its event is one of the most green festivals on the planet.
“The Love Revolution is our way of celebrating that, together, we can achieve sustainable development and environmental awareness in our daily lives,” says the festival’s website.
For 2023, Sziget Festival implemented several sustainable measures to ensure it can be the greenest festival possible.
Guests could participate in small changes to their day-to-day to improve their individual footprint as part of the bigger picture. That included using reusable water bottles to fill up at DRINKiQ water taps, only using straws at bars on request, and utilising one of the 30,000 pocket ashtrays which will be handed out on site.
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Sziget worked with vendors on larger scale initiatives, including encouraging all food vendors to voluntarily comply with a baseline of sustainability measures, such as providing vegetarian and vegan options, reducing or eliminating red meat, as well as utilising environmentally friendly cleaning products, and monitoring and reducing food waste.
In addition, all caterers were required to buy fruit and vegetables that were seasonally available in Hungary from a centralised food retailer that exclusively sells local and domestic in-season produce.
The festival also had several recycling initiatives in place, including Re-Cup, which aims to reduce the amount of plastic cups going to landfill. There was also the Collective Composting Lab, which was the recipient of the European Innovation Award in 2019. It was planned that the humus material collected from compostable plates from three of Sziget Festivals diners would be used during the recultivation of Óbuda Island.
To ensure Sziget’s sustainable initiatives are measured, it partnered with Green Deal Circular Festivals, which helped to strengthen its data provision systems, as well as work with third party vendors to provide data on energy, waste and raw material usage.
To find out more about Sziget Festival, the Love Revolution visit: www.szigetfestival.com
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Your Sign to Book a Stay at THIS Hungarian Hotel
CROWNE PLAZA
BUDAPEST PROJECT
DIRECTED BY:
CHARLOTTE ROPE
ARTICLE
WRITTEN BY:
LAURA WATLING
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With events including Sziget Festivals, the Formula 1 Grand Prix, and the Hungarian Ballet Grand Prix, as well as the traditional thermal baths, famous ruin bars, and renowned eateries, it’s no wonder Budapest has been ranked the seventh best place for culture in the world by Tripadvisor.
Known as the ‘Heart of Europe’, Budapest is certainly a city to add to your to-do list. And, when you’re ready to plan your trip, Business Enquirer has found the best hotel for you, whether its needed for business or pleasure.
Relaunched in the summer of 2022 after undergoing a phenomenal two year refurbishment, the Crowne Plaza Budapest is equipped to suit the new post-pandemic lifestyle: harmonising the work/life balance.
Part of the IHG chain of hotels, the Crowne Plaza Budapest is the first of its kind in Hungary.
Perfectly Located in the Heart of Budapest
You won’t have any problems finding the Crowne Plaza Budapest, taking the stress out of your travel. Not only is it found in the centre of the city, in the heart of downtown and just a short walk from the Danube river, it is also located next to the Nyugati Train and Metro Station.
Unique to the Crowne Plaza Budapest, the hotel is directly connected to Budapest’s Westend Shopping Centre. The mall features 400 shops, including the largest gift shop in the city, as well as a cinema with Europe’s first 4DX movie experience.
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“Besides our two rooftop terraces, our guests also can access the three-hectare roof garden on the top of the Westend Shopping Center ,” explained Crowne Plaza Budapest’s General Manager, Maurice Janssen, “our terraces offer exceptional views of the historical architecture Budapest has to offer”.
The Finest Gastronomy a Short Stroll from Your Room
As is to be expected with a hotel under the IHG brand, the Crowne Plaza Budapest offers hotel guests and visitors plenty of choice when it comes to food and drink.
In the lobby of the hotel you will find Axis Cafe and Lounge, which puts focus on locally sourced, sustainable, healthconscious food and specialty coffee, as well as an evening cocktail menu.
“Axis was designed to reflect the 19thcentury architecture of the Nyugati railway station. It’s vibrant, colourful and eclectic” explained Maurice.
“We like to use this venue to showcase new Hungarian producers, manufacturers, and farms and the best local products make it onto its menu. Whether it’s speciality coffee sourced from Hungaryborn coffee plantation owner Laszlo Banyai living in Costa Rica or cakes prepared by a local confectionary, everything about the Axis Café and Lounge is aimed at introducing both international visitors and locals to the growing successes within Hungarian gastronomy,” he continued.
Located on the first floor of the hotel is restaurant Cult, offering a calming, natural scheme, evoking the atmosphere of the gardens and greens around Budapest, all whilst overlooking the architecture of traditional Budapest buildings
During summer weekends, Crowne Plaza Budapest offers a spectacular picnic brunch experience at Cult.
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“Guests arriving for brunch can choose from a selection of picnic islands created especially for the hotel by a local picnic design specialist. A rich weekend brunch offering is accompanied by champagne and Mimosas,” shared Maurice.
Finally, Club Lounge is located on the top floor of the hotel, with panoramic views of some of Budapest’s most famous landmarks, including the Buda Hills.
“Guests can buy exclusivity of the lounge and enjoy a continental breakfast or have a drink and snack in the afternoon,” said Maurice.
A Hotel Offering the Ideal Work/Life Balance
Despite the obvious negatives of the Covid pandemic, it gave IHG the opportunity to reflect on what the 21st-century traveller requires.
The refurbishment of the Crowne Plaza Budapest has fulfilled this by offering a new and distinct experience, with a modern, purposeful design.
“The hotel offers multi-functional zones where guests can switch effortlessly between work and socialising,” shared Maurice, “it has been redesigned to bring guests the comfort of home whilst supporting moments of productivity, leisure and relaxation within the property’s spaces,”.
In addition to its cafe, restaurant and bar, the hotel features 230 rooms, 12 function rooms, and a fitness room, not to mention a ballroom which can accommodate up to 400 people.
“The hotel services meetings, events and incentive programmes daily with a dedicated events team, technicians and gastronomy professionals,” explained Maurice, highlighting the hotel’s large windows throughout, supporting productivity and wellbeing.
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Plenty More to Come
The outlook for the travel and tourism industry in the region remains positive, with revenue from the sector expected to achieve $1,555 million in 2023.
Hotel development in the city is on the rise, with IHG continually open to opportunities - it currently has 100 new Crowne Plaza hotels in its pipeline. At the Crowne Plaza Budapest, experienced General Manager, Maurice, is keen to leverage Cult restaurant further, building relationships within the local community as well as with guests.
“We place a strong emphasis on building relationships with the local community, as travellers seek personalised, authentic experiences and insight into local life. Part of this endeavour is that the property has an extraordinary collection of works by outstanding contemporary Hungarian abstract and geometric artists,” explained Maurice.
Additionally, Maurice sees the demand for future developments, both at the Crowne Plaza Budapest and within the wider sector, to be made with energy and economic efficiency in mind.
“With the popularity of train travel increasing thanks to its environmental benefits, the location of the hotel gives modern business travellers the chance to work and relax throughout Europe without missing out on the essentials of home,” he shared, “in the longer term, I hope that we can attract guests from Berlin, Bratislava and Prague, thanks to the international interconnected rail network.
And the closing thought from Maurice?
“Come visit the Crowne Plaza Budapest and enjoy the wonderful experience it has to offer. We are ready to welcome you!”
www.ihg.com/crowneplaza/hotels/gb/ en/budapest/budpb/hoteldetail
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Could Golf Be Your Autumn Hobby? And if it is, do it in style!
BLING YOUR SWING
PROJECT
DIRECTED BY:
JAMIE WAITE
ARTICLE
WRITTEN BY: LAURA WATLING
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Whilst British summers are known for taking a journey all around a barometer, Autumn is set to see another year of above average temperatures. And whilst it may also see higher levels of precipitation, that’s never stopped golfers - there are umbrellas that have been invented purely to facilitate the sport.
So, with the fun of summer drawing to a close, why not consider taking up golf before the snow puts paid to play?
When it comes to European golf, England comes out on top, despite the unpredictable British weather. And this should come as no surprise, as it’s very much part of UK heritage, dating back to 15th Century Scotland.
With over 2350 golf courses (2022), England has the most to offer when it comes to places to play (for context, Germany comes in second with 1053). To match this, England is also leading the charge when it comes to number of registered players, with around 740,000 people officially playing the sport.
Research by the R & A (one of the world’s leading bodies in golf) has indicated that the sport saw a boom during the pandemic, which has only continued now we’re out the other side. 2022 figures highlight a 15% increase in people playing 9 or 18-hole golf since 2020.
In 2020, the R & A also published its Golf and Health Report, which provides evidence supporting the positive impact that golf can have on both players and spectators of the sport.
Whilst players will clearly exceed the recommended daily step count, with the average golf course extending six kilometers, it’s been highlighted in the R & A’s report that spectators do too.
“...research, published in July 2017, found that almost 83% of spectators at the 2016 Paul Lawrie Match Play at Archerfield Links in East Lothian met and exceeded the recommended daily step count,
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with the 339 fans in the study averaging 11,589 steps per day (people are generally recommended to walk 10,000 steps a day)” the report states, and continues to inform that “Spectators walk between 5-6 miles on average and burn more than 1,000 calories per day”.
The report also delves into the impact of golf on strength and balance, dementia and memory loss, and mental health and well-being.
The report summarises that:
• Golfers live longer and are healthier and happier;
• Golf can help strength and balance and improve quality of life;
• Golf can be played by people of all ages and abilities, including with disability;
• Golf provides social interaction, a significant protective factor for mental health and wellbeing;
• And golf can help reduce health costs and can add value to health systems through social prescription.
So, if the data is telling you to give golf a go, why not do so in style? And style in golf goes far beyond fashion.
Bling Your Swing!
UK founded Bling Your Swing can customise your clubs, not only adding personalisation, but custom fitting shafts and grips to specification.
“We specialise in full custom designs of putters, woods, and irons from a range of brands including Scotty Cameron, Taylormade, Titleist, Mizuno, NikeGolf, Ping, and Callaway Golf,” said business owner Jamie Smith.
A professional spray painter and panel beater by trade, Jamie established Bling Your Swing 4 years ago, a passion project as an avid golf fan.
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With golf seeing a boost during the same period, Jamie saw rapid growth of his business, accumulating 18,000 followers on his Instagram page. Unfortunately, a curse of the modern age, the account was lost and Jamie is now striving to rebuild it at @ bling.your.swing .
As well as adding personalisation to clubs using laser engraving, Bling Your Swing can repair paint and skied wood, clean and polish, and add ceramic finishes.
“It can take time to find a golf club that works with you, and players do become attached to their favourite set of clubs. I’m passionate about revitalising clubs, and I’ve mastered repairing unsightly marks and damage to a very high standard,” explained Jamie, “ultimately, this saves customers a lot of money on unnecessary new equipment”.
With customers such as professional golfer Simon Dyson and Footballer Lee Cattermole, Jamie at Bling Your Swing is an expert in creating artistic golf clubs that are unique and noteworthy.
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Since Jamie established the business in 2019 (which started in his garage and now has its own unit in Spennymoor, County Durham), he has reinvented more than 10,000 clubs, bringing joy to its users .
With business going from strength to strength for Jamie, his vision is to grow the business further, adding a partexchange service, where customers can part-exchange their old clubs for ones reconditioned by Bling Your Swing.
“Golf is for everyone, every age and every gender, and I want to support the sport in becoming accessible to all, reducing the cost of buying top quality clubs,” said Jamie.
Although based in Durham, Bling Your Swing can work with customers from all over the world.
To see examples of Jamie’s club artistry and refurbishment visit his Instagram page (and give him that all important follow) at @ bling.your. swing and his website blingyourswing. uk
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Royal Norwich is working closely with the R & A (The Royal and Ancient Golf Club) to shift the perception of golf from the “stuffy, retirement sport” of old, to an inclusive sport, open to all.
Opening on its new site just four years ago, Royal Norwich, now based in Weston Longville, Norwich, is taking strides to shape the future of golf, using its facilities and ways of working as a blueprint for the future of golf courses and their accompanying country clubs across the world.
Captaining the various projects at Royal Norwich is CEO John Kerr, who is ensuring the Club is taking a philanthropic, sustainable, and inclusive approach to its development.
Changing Perceptions in Golf
Since taking on the role of CEO in 2022, one of John’s missions has been to attract a wider demographic of people to the Country Club, as well as the sport in general.
Launching at the Club’s new home in 2019 could feel like unfortunate timing for Royal Norwich. However, the Club saw the pandemic have an inverse effect on the business, being one of the only safe activities people could participate in.
“This has opened the door for the government to consider the positive effect golf can have on people’s mental wellness,” said John, “being outdoors, socialising with others, and the lowimpact activity of walking are all known to have positive effects on mental health”.
Now, in one of Royal Norwich’s flagship projects, it is embarking on a triple-
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Whilst the historic sport of golf has its heritage (dating back to the 15th Century), in Scotland, its future is set to tee off in Norfolk, England.
CEO John Kerr
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The Future
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line study alongside the R & A and Professor Charlie Foster to encourage the government to socially prescribe Golf as a support to mental health.
“Golf is more quickly accessible than other therapies offered by the NHS, which we know is under a lot of strain. We are excited to be one of the first industries to be able to offer alternative, complementary support,” shared John.
Challenging the perception that golf is for retired, middle to upper class men, since its move four years ago Royal Norwich has brought its average visitor age down to 51. Now, John is establishing a full set of facilities to entice 20-45 year olds.
“To encourage both men and women in this age range to spend their time and money at the club we have completely modernised how we approach the traditional members-only golf club,” explained John, “anyone can come and enjoy the facilities at Royal Norwich, you don’t need to be a member, there is no dress code, and the whole family is welcome”.
A key component in getting the whole family golfing, particularly those in the 2045 demographic, is seeing more women on the green.
Again, Royal Norwich is working in partnership with the R & A, becoming a registered signatory in the Women in Golf charter.
Additionally, the introduction of its 6-hole golf course is the perfect starting point for any person looking to start in the sport.
“Not only is it a good entry level, the 6-hole course allows younger people who may be more time-restricted to enjoy a game of golf,” John continued, “we have 20:20 cricket in addition to Test cricket, so why not offer more variety of play in golf?”
Royal Norwich also runs a successful Junior Academy, which currently engages 120 young people per week. Its aim is to encourage fun over competition.
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“By offering a facility where the parents can play alongside their children at the 6-hole means we’re aiming for organic growth from the Juniors upwards,” explained John.
Based on 350 acres of historic estate, the championship 18-hole golf course only uses around half of the land, so there is plenty of room for other activities at the club.
As well as its bar and restaurant, The Stables, Royal Norwich has just launched its gym facility, and in the summer will open its Paddle Court to visitors, too.
“We built Royal Norwich from years of research into the needs of our Club visitors, and now we are on the way to offering a full spectrum of facilities meaning that people can enjoy the Club week on week, whether they choose to golf, come for food, enjoy one of our finedining experiences, or attend a wedding!” said John.
Royal Norwich received its wedding licence in December 2022, hosting its first wedding at the venue in May 2023.
“The beauty of marrying at Royal Norwich is that we can cater for all,” shared John. “Whether it’s an intimate wedding of 10, or a bigger scale of up to 300 people, we have rooms to suit, from our more traditional oak panelled setting to the contemporary and light The Stables”.
And John should know - he and his now wife, Izzy, were the first to marry at the venue.
Whilst Royal Norwich’s offering is already vast, John and his board of member directors don’t have intentions of standing still. As well as a woodland walk opening on the estate in July 2023, John foresees the potential to expand the residence to include a spa and hotel rooms.
“Norfolk is lacking a luxury hotel and spa, and I believe Royal Norwich can be the answer to that,” he said.
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Philanthropy and Education Golf
Royal Norwich’s woodland walk is the perfect symbol of the biodiversity of the grounds, where untouched areas of land remain ecologically diverse.
The purpose built venue has taken the environment into account from a business perspective, too, ensuring investments into sustainability have been made across the estate.
The country club boasts water sustainability, utilising a reservoir to harvest water, rather than taking it from the grid. This is coupled with an intelligent irrigation system which can be managed remotely dependent on weather conditions. In addition, Royal Norwich has invested in solar, with the buildings being powered in this manner where possible.
With every industry being expected to meet the demands of Industry 4.0, Royal Norwich are once again, blueprinting for the future with its Turfcare Academy.
“The Turfcare Academy, which encompasses the full management of a golf course and club, is an opportunity to teach the next generation of leaders in golf,” John explained, “it gives students the opportunity to learn at a championship golf course, and then roll out their technological and sustainable learning across the world - we’ve partnered with international golf courses to facilitate placements once students have qualified”.
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As well as turfcare education, which plans to offer a degree course, the academy also gives students the opportunity for golf performance coaching.
“I believe if we give students the opportunity to not only love playing golf but love working in it, we will retain them in the industry for the future,” John continued.
The Turfcare Academy is an example of Royal Norwich’s philanthropic work, reinvesting any profit into both the development of the course and country club, as well as the community.
The Race to Royal Norwich
Despite having only established itself at its Weston Longville home in 2019, Royal Norwich is already getting a name for itself at a high-level within the industry.
In October 2023, the estate will host the Championship Finals of the Clutch Pro Tour, the Race to Royal Norwich.
The course expects to welcome over 200 spectators and the best young talent in Europe at the prestigious event.
“We’re really excited to host the Clutch Pro Tour, and it’s a tremendous accolade for such a young course. In the future, we would like to see LIV play at Royal Norwich,” said John, “I believe in planning big - even if we get half way there we can be proud!”
www.royalnorwich.co.uk
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info@busenq.com www.busenq.com