Last Updated on December 6, 2020 by Larious
Lowkeytech was invited for the Jovago Nigeria Annual stakeholders forum which took place today 1st of March 2016 at the prestigious Eko Hotels & Suites.
The Jovago annual stakeholders forum was graced by Jovago global Ceo Paul Midy and the Managing director jovago Nigeria Mr Kushal Dutta with top officials of the Hotel Industries and an outstanding Lagos state official from the lagos state ministry.
The jovago annual stakeholders forum theme was “Solving the foreign exchange dilemma through tourism”, The event kicked off with the ceo jovago global Mr Paul midy who talked about how jovago came to africa to help provide affordable hotel bookings services across Africa and Asia countries.
Below are snapshots of the event:
The jovago annual stakeholders forum was quite interesting, lots of views were shared about the rise and fall of the Naira against dollar, also how Nigeria can improve the economy with tourism activities in the country.
Questions were asked and responses were very encouraging with top-notch advise from the hotel experts. The Ceo Jovago global Mr Paul Midy also talked about the recent investment by AXA, a top leading insurance company worldwide.
Jovago.com, a foremost hotel booking website and AXA, a worldwide leader in insurance and asset management have announced a partnership to develop the expansion of Jovago in a new round of $84 million funding.
The companies said in a statement that the partnership would further ensure the expansion of the business and strengthen the brand in major cities across Africa and Asia.
It also stated that AXA as a major investor, confirms Jovago’s strategy to expand its operations and local presence in Africa in order to meet the needs of domestic and international travelers.
“The world-class player, will invest £75 million and own approximately eight per cent share capital of Africa Internet Group (AIG), mother company of Jovago. As a result, AXA will thus become a shareholder of AIG, along with MTN, Rocket Internet and Millicom,” they noted in the statement.
The Chief Executive Officer, Jovago, Mr. Paul Midy explained that through this partnership, its current positions as Africa’s largest inventory of hotels will be further consolidated as the company continues its provision of a secure platform to increase the visibility of hotels, improve service quality, facilitate the movement of travelers and promote profitability for their businesses.
“It’s amazing for Jovago to partner such a strong group as AXA who will allow us to strengthen our ability to build the first platform for travelers in Africa. Jovago wants to break the barriers to travel and make travel more easy and affordable in Africa,” he said.
He added that since the funding is well-timed and the amount invested significant, which makes for one of the top investments in the history of start-ups in Africa and also to strategically positions Jovago and AIG to further build e-commerce in Africa.
“This investment will allow AXA to build on the strength of AIG companies to further develop its activities as the company becomes the exclusive provider of insurance products and services throughout AIG, “he said.
Jovago.com is an online hotel booking service with offices in Lagos (Nigeria), Nairobi (Kenya), Dakar (Senegal) founded by Africa Internet Group and has MTN and Millicom as investors. Jovago.com, Africa’s No.1 booking website, facilitates the booking process for its users to provide them with the best hotel booking experience with fast, transparent and easy-to-use services. Jovago.com has over 25,000 local hotel listings across Africa and over 200,000 hotels around the world