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MTI wins Rwanda mandate – sets up East Africa Office

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The 49th country in which MTI has carried out an assignment

MTI Consulting has won their first project in Rwanda – a competitive tender for a nationally strategic consulting project, in joint alliance with Nambiar Associates.  Rwanda is the 49th country in which MTI has carried out an assignment, since its inception in 1997, an MTI news release said.

Meanwhile, MTI Consulting is also planning to set up their East African Regional Office in Kigali – which is considered to be the ‘Tech Hub’ of Africa and tipped to be the ‘Singapore’ of Africa, it added.

 “Africa is undoubtedly the growth continent of the 21st century.  Over the last three years we have been focusing on regional opportunities across East Africa – given the access to these markets from Asia and the Gulf and strong business links we have.  With the latest in-country project we won in Rwanda, we are currently setting up our East Africa Regional Office in Kigali. Given its strategic location we plan to access the key markets of Kenya, Uganda, Tanzania, Kenya and Ethiopia from Kigali” said Hilmy Cader, CEO of MTI Consulting

 Coming out of a devastating genocide in 1994, Rwanda’s socio-economic transformation is considered a ‘case study’ for the developing world. In 2019, Rwanda was  the world’s third fastest growing economy, ranked 38th (and second in Africa) for Ease of Doing Business and first for Government Transparency in Africa.  Interestingly, Rwanda has the highest female participation (61%) in Parliament in the world and it ranked ninth in the Global Gender Gap index 2020 (1st in Africa, the release said).

 Commenting on the eve of their first market visit, Ms. Darshana Buragohain (MTI’s Regional Head for Rwanda) said “We are very impressed with the level of professionalism and corporate governance in Rwanda. The growth prospects for our business looks very promising. I am looking forward to build a strong team of Rwandans – who will help take MTI to greater heights in East Africa

 MTI Consulting is an internationally-networked boutique management consultancy,  offering advisory services in Strategy, Operations and Corporate Finance. Since its inception in 1997, MTI has worked on over 670 assignments in over 49 countries, covering a diverse range of industries, clients and business challenges.

 

 



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Hemas Consumer strengthens portfolio with L’Oréal partnership in Sri Lanka

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Hemas Consumer, the leading manufacturer and distributor in Sri Lanka’s beauty and personal care sector has strengthened its portfolio of offerings in a groundbreaking partnership with the world’s number one beauty company, L’Oréal. With this partnership Hemas Consumer obtains distributor rights to leverage its sales network and innovative marketing approaches in taking L’Oréal’s wide range of beauty and personal care brands across Sri Lanka.

Commenting on the new partnership, Sriyan de Silva Wijeyeratne, Managing Director, Hemas Consumer & Executive Director Hemas Group said, “We have spent over fifty years building successful and strong consumer brands in Sri Lanka. In keeping with our promise of consumer delight and trust, we are elated to partner a world-class cosmetics group like L’Oréal expanding our existing portfolio with the world’s most sought-after beauty and personal care products.

We are well equipped in our distribution process with island-wide sales channels to serve all parts of the country. I believe this partnership will revolutionize Sri Lanka’s beauty care industry and more prospects await as we continue to look ahead with L’Oréal.”

Sabrina Esufally, Director Business Development and Innovation at Hemas Consumer said, “This partnership will enable Sri Lankans to access the iconic brands and solutions created through years of research and innovation by L’Oréal. In the fast evolving and dynamic beauty industry, the combined strength of Hemas’s local heritage and penetration, and L’Oréal’s global technology and trust is the perfect recipe for consumer delight.”

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DFCC Bank supports industrial excellence by partnering CNCI Achiever Awards

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DFCC Bank PLC, stepped up once again for the 3rd consecutive year to partner with the Ceylon National Chamber of Industries (CNCI) as the principal sponsor and official banking partner of the CNCI Achiever Awards 2020.

The CNCI Achiever Awards was held for the 19th consecutive time to recognize the outstanding efforts of exceptional performers who have molded their respective industries with innovative solutions, while overcoming challenges and meeting the demands of their clientele. This year, the event was recently held under strict health guidelines at the Galadari Hotel in Colombo. 

Commenting on the sponsorship, Chief Executive Officer of DFCC Bank PLC Lakshman Silva stated, “We are pleased to have partnered with the Ceylon National Chamber of Industries (CNCI), as the Main Sponsor and Official Banking Partner of the 19th CNCI Achiever Awards 2020. DFCC is honored to partner in reconciling successful Sri Lankan businesses from various industrial sectors. Our partnership with this prestigious awards programme aligns seamlessly with our commitment to foster and reward industrial growth across the country and support local entrepreneurs in MSME & SME sectors.”

 

 

 

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Lanka SSL triumphs with National Gold and Top Ten Awards

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CNCI Achiever Awards 2020

Lanka Special Steel Limited (Lanka SSL), a trusted name in wires and a fully-owned subsidiary of E B Creasy & Company PLC, was recently awarded the coveted National Gold Award under the Extra Large category in the Manufacturing Sector at the Achiever Awards 2020 for Industrial Excellence.

The annual event organized by the Ceylon National Chamber of Industries (CNCI) was held in March 2021 at Colombo, and celebrated some of the leading industrialists in the country for their tremendous and continued efforts in uplifting and promoting quality standards, productivity, growth and strategy, R&D, employee welfare and others whilst contributing to both the society and economy at large.

‘We are immensely proud to have been recognized with two very prominent awards at this year’s CNCI Achiever Awards. It is a huge leap from just winning a Merit Award the last time around, and this incredible achievement certainly reflects our highly ambitious plans to strive for continued excellence. We would like to thank our valued customers and all stakeholders. We are grateful to our hardworking and committed staff at Lanka SSL who have made this possible,’ said Pravin De Silva, CEO of Lanka SSL.

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