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Covid-19 had minor impact on Electricity Invercargill Ltd's end of financial year result


The reduction in surplus is due to the fall of line charge prices in accordance with the Allowable Notional Revenue levels set by the Commerce Commission, partially offset by lower operating expenses and finance costs, the report says.
A change in accounting treatment of Southern Generation Limited Partnership Power Purchase Agreement resulted in the restatement and decrease of 2020 Share of Profit of Associates and Joint Ventures by $2.45m.
Throughout the year, EIL’s total capital investment was $4.3 million, and a further $1.6 million was spent on maintenance.
Among the work underway is a 23MVA single transformer substation, near Elizabeth Park in Invercargill, which is in the process of being seismically strengthened and upgraded to a dual transformer substation to cater for forecasted electricity load increases and to provide a more resilient supply. ....

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FY 2020: Fidelity Bank posts N28.1bn profit


Africa’s leading data and analytics Company and Facebook Conversions API partner, Terragon, is set to hold a webinar aimed at highlighting the colossal impact the death of third party cookies presents to the Digital Advertising ecosystem, specifically as it relates to Brands and Digital Advertising Agencies in Africa. Along with Industry experts from PwC and Facebook, they will be proffering effective solutions to help brands thrive despite this impending event.
The webinar which is titled:
Online Advertising in a Post-Cooking World: Delivering personalised Ads with the Terragon CDP and Facebook Conversions API,” is open to Brands (advertisers) across various verticals including e-commerce, finance, FMCG etc as well as advertising agencies operating in the Sub-Saharan African market, wherein Terragon is the only African-founded CDP Company partnered with Facebook to offer this solution in Africa. ....

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