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SIFAX Group boss challenges African businesses on playing in the global market

L-R: Yasmin Kumi, Managing Director, Africa Foresight Group presenting an award to Mr. Adekunle Oyinloye, Group Managing Director, SIFAX Group after his keynote speech at the maiden edition of the Africa@Scale 2019 Conference held at Oxford University, United Kingdom

Mr. Adekunle Oyinloye, Group Managing
Director, SIFAX Group, has urged businesses on the African continent to dream
big by taking advantage of emerging opportunities on the global stage.

He said doing this would transform
them to global business brands with attendant bigger rewards for their

Speaking at the maiden edition of the
Africa@Scale 2019 Conference held at the Oxford University, United Kingdom,
Oyinloye who spoke on ‘CEO Talks: Leaders
who are building global businesses from within Africa’
, noted that African
businesses should expand their horizon through international expansion and

To do this, Oyinloye listed factors
such as core competencies leveraging, building sustainable partnerships, adopting
cutting-edge technology, offering products and services that meet international
standards, top-notch customer service as well as excellent understanding of the
local ecosystem, as some of the factors necessary for a business to thrive in
the international market.

Using SIFAX Group as a reference
point in his presentation, he noted that the company has embarked on a related
diversification strategy and establish presence in various countries, to build
an ecosystem of business that supports the core business of port handling and integrated

He said: “The hospitality company is
an extension of the airport handling business geared towards providing world
class accommodation and hotel services to patrons who use airlines our
subsidiary, SAHCO Plc, have agreements with. 

“The investments in the financial
services sector outside Nigeria is to provide the Group with presence in other
markets in order to understand these markets and to build an ecosystem to
support the main business of shipping and logistics given the foreign currency
requirements of the international shipping and maritime business.

“African business owners must begin
to think of scaling their operations and business investments to the
international market front. The survival and relevance of any company in the
ever-growing Nigeria market base are hinged on the adoption of new strategies-
diversification and internationalization of operations. 

“SIFAX Group has
benefited and is benefiting from the scaling of its businesses into the
international market. I therefore urge business owners to scale their business
operations to the global front so that they can take advantage of the various
opportunities that abound,” he said.

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