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Vodacom Partners Microsoft to Enable Greater Agile Businesses

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L-R: Commercial Director, Vodacom Business Nigeria, Solomon Ogufere; Head, Strategic Partnerships, Microsoft 4Afrika, Soromfe Uzomah; Sales Director, Descasio Limited, Nehita Fashe; Managing Director, Vodacom Business Nigeria, Wale Odeyemi at the recently concluded Breakfast meeting held to launch the partnership between Vodacom and Microsoft on the Azure Cloud Platform.

Vodacom Business Nigeria has entered into a strategic partnership with Microsoft (through its 4Afrika initiative) and Descasio to build capacity and help improve operational efficiency among its customers using the suite of Microsoft Azure Cloud platform services.

Microsoft Azure is an open and flexible cloud platform which will enable customers to rapidly build, deploy and manage its applications, data, runtime and more in the cloud. The platform allows users to leverage existing skills using the world’s most popular languages, tools, and frameworks in a resilient, scalable and reliable global datacenter network.

Speaking at a breakfast meeting in Lagos, Managing Director for Vodacom Business Nigeria, Wale Odeyemi said: “Our vision is to be a leading digital company that empowers a connected society and we have realized the benefits that strategic collaborations with key stakeholders within our ecosystem can bring to helping us realize this vision faster.

“Vodacom actively pursues a collaborative approach that leverages the combination of core competencies of its partners to increase customer value that complement our already rich products and services in addressing our customers’ needs to optimize their operations through increased flexibility, agility and resiliency. In addition to our secure connectivity services, this collaboration with Microsoft and Descasio ensures our customers can move data and applications from their intelligent edges to Microsoft’s intelligent cloud, while accelerating their cloud adoption journeys.”

Odeyemi further added: “As organizations re-invent themselves in response to ongoing digital disruptions, the appetite for cloud service adoption is also increasing as businesses seek to improve agility. Microsoft Azure addresses this need by providing diverse services under one platform, thereby creating more streamlined workflows and driving business efficiency.”

Through the 4Afrika initiative, Microsoft aims to bring smart devices, connectivity and technology training to African entrepreneurs, youth, developers and graduates by focusing on three critical areas – World-class skills, Access and Innovation.

Speaking at the event, Head, Strategic Partnerships for Microsoft 4Afrika, Soromfe Uzomah said: ‘Through these partnerships, Microsoft aims to empower businesses, across different verticals, with the tools they need to succeed in a technology driven world and the platforms they require to create breakthrough innovations and accelerate Africa’s digital transformation. To successfully achieve  this transformation journey that enables business growth on the African continent, we need to depend not just on what we do in our own capacities but on the capabilities, functions, channels, and insights we all can tap into through partnering with others.

Uzomah further adds: “We are pleased to be a part of this initiative working in collaboration with Descasio to provide Cloud services to Vodacom customers. We look forward to working with Vodacom to help their customers optimize operations, extract insights from the data they generate and improve their decision-making capabilities to maintain a competitive advantage.”

Vodacom Business Nigeria will host services enabled by these intelligent Microsoft technologies to ensure that your business gains access to the latest software and business applications with state-of-the-art security for your company’s network, systems and applications at reduced prices, from anywhere and at any time.

Hero Beer: More Winners Emerge in Consumer Promo

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L-R: Marketing Director, International Breweries Plc, Ms. Tolu Adedeji, Nollywood Actor/Director and Hero Brand Ambassador, Nkem Owoh; a winner of the on-going Hero National Consumer Promo tagged ‘HEROnaires Mega promo’, Mr. Ugwuanyi Emmanuel; National Sales Director, Mr. Godwin Oche and Marketing Manager, Hero Larger, Obumneke Okoli, both of International Breweries, at the presentation of prizes to winners in Onitsha, Anambra State.

Hero Lager, a leading quality beer brand and one of the national treasures from the stable of International Breweries Plc, a proud part of the AB InBev family, has rewarded another set of 43 consumers with cash prizes and gifts in its ongoing national consumer promo, tagged, HEROnaires Mega Promo, 2018 Edition.

The winners emerged at various draws held across the country, bringing the total number of consumers who have won N1 million and other consolation prizes to 97 since the promo kicked off on 1st October, 2018.

The HEROnaires Mega promo is a reward scheme offering consumers who are above the legal drinking age of 18 with N1 million weekly wins for 17 weeks as well as cash prizes of N50, 000 over the next two months.

“As a business, our dream is to bring people together for a better world. We are therefore delighted that Hero Lager is able to reward and empower loyal consumers via this exciting and life-changing promotion. We are committed to impacting lives for good and putting smiles on the faces of our consumers by creating an opportunity for them to become millionaires,” said Marketing Director, International Breweries Plc, Mrs. Tolu Adedeji.

“We encourage all our existing and potential consumers who are within the legal drinking age to participate in the ongoing promo and increase their chances of belonging to a tribe of HEROnaires,” she added. “As we enter the season of sharing, caring and giving, what better way is there to salute our teeming consumers than avail them with the opportunity to become success stories as HEROnaires.”

On how to be the next HEROnaire, Tolu explained that all consumers need do is to simply text HERO and the unique code under the crown cork to 3810 and they will be eligible for the draws and subsequent entries will qualify consumers for the weekly cash prize of N1 million and other mouth-watering consolation prizes.

Marketing Manager, Hero Lager, Obumneke Okoli, said, “HERO has continued to inspire Nigerians on their journey and helping them to achieve heroic feats and giant strides. Our products are highly famed for quality and also the exceptional consumer experience they provide. We are happy because this platform is an avenue that is translating the dreams of our consumers into reality.”

It will be recalled that HERO Lager started its journey from the Eastern part of Nigeria in 2012 and this sojourn has so far seen it attain and achieve HEROic feats as the preeminent beer brand in the region and a market leader in its category.

Africa’s Mobile Phone Shipments Decline 2.1% in Q3 2018

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Africa’s mobile phone market declined 2.1% quarter on quarter (QoQ) in Q3 2018 according to the latest figures announced today by International Data Corporation (IDC).

The global technology research and consulting firm newly released Quarterly Mobile Phone Tracker shows overall shipments for the quarter totaled 52.6 million units, with feature phone shipments falling 2.7% QoQ and smartphone shipments declining 1.3% over the same period.

Transsion brands (Tecno, Infinix, and Itel) led the feature phone space in Q3 2018, with a combined unit share of 58.2%. Nokia was next in line with 11.7% share. Transsion, Samsung, and Huawei dominated the smartphone space with respective unit shares of 34.9%, 21.7%, and 10.2%.

However, in value terms, Samsung led the smartphone market with 37.2% share, followed by Transsion (21.0%) and Huawei (13.0%).

There were differing fortunes in the region’s three major markets, with Nigeria suffering a heavy 11.6% QoQ decline in mobile phone shipments, while South Africa and Kenya saw respective QoQ growth of 8.5% and 7.9% in Q3 2018.

“The decline in Nigeria stemmed from a slowdown in government spending, ongoing warfare in the country’s northern states, and market uncertainty in the lead up to elections,” says George Mbuthia, a research analyst at IDC.

“In South Africa, the market’s growth was spurred by the penetration of low-end devices from brands such as Mobicel, Mint, and Nokia, while the launch of entry-level smartphones helped drive growth in Kenya despite increases in taxes and fuel prices placing a significant burden on disposable income in the country.”

While feature phones remain steadfastly popular across Africa, particularly in more rural areas, consumers are increasingly being attracted by smartphone offerings from Chinese brands such as Xiaomi, Oppo, and Huawei, which are actively targeting feature-oriented customers at more economical price points.

“There is a new wave of Chinese brands aggressively pursuing growth opportunities in the region, while the more-established Huawei is also accelerating its marketing efforts and expanding its distribution budget,” says Ramazan Yavuz, a research manager at IDC.

“These brands have quickly progressed along the learning curve and evolved their offerings to perfectly reflect the realities of the region by addressing the diverse pricing and feature needs of the consumer base.”

Looking ahead, IDC expects Africa’s overall mobile phone market to reach 58 million units in Q4 2018, spurred by the festive season and online consumer events such as Black Friday. The introduction of more affordable smartphones in the African market will help drive progress in this space over the coming quarters, while the share of feature phones will decline steadily as the transition to smartphones gathers momentum.

VFS Global wins Global Visa Contract for The Netherlands

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The Ministry of Foreign Affairs of the Kingdom of the Netherlands has awarded VFS Global the global tender to provide visa services in eight out of nine regions worldwide. Under this new man-date, VFS Global will significantly extend its operations on behalf of the Kingdom of the Netherlands across the world.

VFS Global will operate for the Netherlands government in Africa, North America, Central and South America, Asia and Pacific, Eastern Europe, in the Middle East, in Western Europe; and in India.

VFS Global has worked with the Ministry of Foreign Affairs of the Kingdom of the Netherlands since 2006 and under the new contract will provide Schengen visa services, Caribbean visa services, long stay national visas, Dutch Travel Documents and Civic Integration Exams.

Chris Dix, Head of Business Development, VFS Global, said, “VFS Global is delighted that we will con-tinue to serve the Netherlands Government. We have enjoyed a strong partnership with the Netherlands Ministry of Foreign Affairs for well over a decade, and welcome this opportunity to enhance our service capabilities on their behalf. We look forward to opening our facilities in 40 new locations to offer Nether-lands visa applicants best-in-class visa solutions, and a seamless application process.”

Since August 2018, VFS Global has signed visa service contracts with nine existing and new client gov-ernments from Europe to extend their visa service network. This includes contracts to provide additional visa services for client governments such as Belgium, Estonia, Germany, Hungary, Italy, Lithuania, Slo-venia, Slovakia and The Czech Republic.

About VFS Global

VFS Global is the world’s largest outsourcing and technology services specialist for governments and diplomatic missions worldwide. VFS Global has Swiss parentage and is a portfolio company of EQT, a leading global private equity firm headquartered in Stockholm, Sweden.

With 2776 Application Centres, operations in 141 countries across five continents and over 184 million applications processed as on 31 October 2018, VFS Global is the trusted partner of 62 client governments.

FG Committed to Passage of Petroleum Industry Bill, says Osinbajo

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Yemi Osinbajo Vice President
Yemi Osinbajo Vice President

The Vice President, Prof. Yemi Osinbajo says the present administration remains fully committed to the passage of the Petroleum Industry Governance Bill (PIGB), saying we are working closely with the National Assembly to ensure its timely passage.

Osinbajo who was represented by Dr Ibe Kachikwu, Minister of State, Petroleum Resources gave the assurance during his keynote address at the 18th international HSE Biennial conference, organised by the Department of Petroleum Resources (DPR) in Lagos.

He said that the reforms proposed in the PIGB reflects our collective desire to entrench transparency and sustainability of oil and gas operations in Nigeria to enable the country finally to realise the full potential of her hydrocarbon resources.

According to him, I am pleased to bring you the warm greetings and felicitations of President Muhammadu Buhari on this occasion of the opening ceremony of the 18th International Health Safety and Environment (HSE) Biennial Conference.

“It is noteworthy that the theme of the conference which is centred around sustainability dovetails seamlessly with this administration’s vision and policy for the Oil and Gas Industry as a vehicle for driving the industrialization and growth of the Nigerian economy in a transparent, responsible and sustainable manner.

“As a gathering of all stakeholders in the oil and gas industry I am confident that your deliberations will yield important policies and ideas that will guide government in the formulation of policies for achieving sustainable development of not only our oil and gas resources.But also serve as a model for our other extractive industries that are not yet as mature,;; he said.

The Vice President said that no discussion about the future of the Oil and Gas can be divorced from the Petroleum Industry Bill (PIB) which represents the most ambitious and comprehensive reform in decades of the oil and gas industry in Nigeria.

He said that while there have been varied reactions to Mr President’s recent decision to return the Petroleum Industry Governance Bill (PIGB) to the National Assembly for slight amendments.

Osinbajo said that resolving the security challenge in the Niger Delta remains on the front burner for this administration as we seek to create a peaceful business climate that will attract investors and bring massive development to the oil producing communities.

He said that government is fully sensitive to the genuine agitations of the host communities for greater participation in, and control of oil and gas resources, the law and order element to the problem has to be tackled headlong to allow for a peaceful business environment.

“The proposals in the host community bill currently undergoing review represent a paradigm shift in the relationship between oil and gas operators and their host communities.

“And the government in collaboration with state government and other stakeholders is fully committed to comprehensive reforms that empower the communities and move them from stakeholders to actual shareholders and partners in the oil and gas business.

“This will result in the formulation of a comprehensive livelihood strategy and development plan for the Niger Delta to complement the efforts of the various interventions by the Federal Government though the Niger Delta Ministry (NDDC) and the amnesty program.

“The Federal Government’s commitment to the ease of doing business was reflected in the Executive Order 1 signed on May 18, 2017.

“The order had five main planks including: Transparency; Default Approvals; One Government; Port Operations and Entry Experience of travellers and visitors. As the mainstay of the Nigerian Economy, there is a dire need for ease of doing business in the oil and gas sector.

“The current regime of multiple and sometimes conflicting regulators/regulations is a serious drawback on the ease of doing business in the petroleum industry.

“While we continue to seek to resolve these conflicts using the instrument of law, I wish to remind the various agencies and ministries of their primary responsibility to promote efficient service delivery and serve as the engine room for driving the collective policy of “one government”.

“I therefore enjoin all the conflicting agencies to close ranks, finetune and improve cooperation and document their resolutions in binding MOUs that will ease the burden of over-regulation of the oil and gas sector,’’he said.

Osinjo said: I am also pleased to announce to this gathering of Environmental experts that the government has fully commenced the clean-up of impacted oil spill sites in the Niger Delta.

“This is a massive undertaking that reflects the Government’s commitment to restoring livelihood in the Niger Delta and deserves the support of all Nigerians,’’ added.

The Vice President, however, appeals to the host communities to assume greater and more responsible stewardship of oil and gas infrastructure in their communities even as the government works to incentivise their efforts through the host community bill.

AMCON CEO, Ahmed Kuru, Receives Award from NIPSS

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R-L: Mr. Ahmed Lawan Kuru, Managing Director, Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), receiving an award from the President of the Alumni Association of the National Institute (AANI), Mr. Khaleel Bolaji, mni at the Presidential Dinner for the Graduating Senior Executive Course 40 Participants at Army Headquarters Command Officers’ Mess, Asokoro, Abuja recently.

Linkage Assurance wins Pearl Sectoral Leadership Award for Insurance

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Linkage Assurance Plc has won the 2018 Pearl Sectoral Leadership Award in the insurance industry on corporate excellence in the capital market.

Linkage came tops, having been nominated with NEM Insurance Plc and Continental Reinsurance Plc, at a prestigious event held in Lagos with key stakeholder in the country’s capital market in attendance.

According to the organizers, Linkage Assurance Plc alongside other sectoral winners were companies that despite challenges in the economy in the 2017 financial year weathered the storm, outperform others, and sustained leadership of the market.

Tayo Orekoya, President/CEOof Pearl Awards Nigeria, said the award has recognized and rewarded over 85 quoted companies for outstanding operational and stock performance since inception.

“While commending Linkage Assurance for standing tall amidst challenges undermining growth of insurance business in Nigeria, he Orekoya said “As partners in progress with capital market regulators, we shall continue to engender healthy rivalry among other initiatives aimed at deepening the vibrancy of the market.

Daniel Braie, Ag.Managing Director/CEO of Linkage Assurance plc who led top management of the Company to receive the award thanked the organizers for recognizing the efforts that the Board and management of the company weremaking to ensure value creation for shareholders.

Braie said, as a company “we are committed to sustaining the rules and regulations of the capital market, ensure regulatory compliance and good corporate governance practice”

He noted that the company will continue to deploy strategies and measures to increase insurance penetration and grow the business such that its shareholders will continue to earn good returns on their investment.

According to Braie, the potential of the insurance industry is huge, calling on the general public to embrace insurance as the most effective and efficient means of managing their risks against unforeseen circumstances.

Linkage Assurance Plc in the 2017 financial year recorded a 431 percent growth in Profit After Tax (PAT), growing from N544.6 million in 2016 to N2.89 billion in the review period.

Total assets during the period also rose by 15 percent, moving from N20.33 billion the previous year to N23.31 billion in 2017.

Senate Expresses of Commitment for Speedy Amendment NDIC Act

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Umaru Ibrahim MD/CEO NDIC

The Senate Committee on Banking, Insurance and Other Financial Institutions has expressed a strong Commitment for the accelerated amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act, 2006, to eliminate the gaps that have hindered the full realization of the public policy objectives of the implementation of the Deposit Insurance System (DIS) in Nigeria.

This made known in a statement signed by Mohammed Kudu Ibrahim, head, Communication & Public Affairs of NDIC

He stated that the Chairman of the Committee, Sen. (Dr.) Rafiu Adebayo Ibrahim, made the remark when he led his team on an oversight visit to the Corporation on Tuesday, this week. The Committee was warmly received by the MD/CEO of the Corporation, Umaru Ibrahim, along with members of his management team.

The MD/CEO according to the statement updated the Committee on the recent activities of the Corporation including the response of the NDIC to the revocation of the licences of 153 Micro-Finance Banks (MFBs) and 6 Primary Mortgage Banks (PMBs), by the Central Bank of Nigeria (CBN).  Members of the Committee were informed that the Corporation had already commenced the payment of depositors of 25 MFBs and the deposits verification of 50 others.

He listed the challenges encountered by FMBs in particular to include non-performing loans, insider credit and abuse, non-compliance with extant regulations on their establishment and the overbearing indulgence in other fringe operations, along with poor earnings.

“The NDIC boss further used the opportunity to inform members of the Committee of the strong resolve and commitment of the Corporation to assist in the investigation and prosecution of all those who contributed to the collapse of the defunct Skye Bank”, he said.

“On the issue of the long suffering depositors of Savannah Bank, Fortis MFB, Aso Savings and Union Homes, the MD/CEO expressed the view that unless the enabling Act of the Corporation was speedily amended, the Corporation was handicapped in acting to end the plight of depositors of the institutions”, he stressed further.

Using the case of Savannah bank as an example, the MD/CE added that the NDIC Act, as presently enacted, inhibits the Corporation to reimburse depositors since their bank licences were yet to be revoked due to protracted litigation. The NDIC boss thereafter made appealed to the Committee to amend the NDIC Act.

Responding, the Chairman of the Committee commended the Corporation for the excellent quality of its reports on the supervision of banks which have become the benchmark in the industry.

The chairman however expressed concerns over the recent policy of the CBN which raised the minimum capital requirements for Microfinance Banks in Nigeria from N20 million to N200million, and N100 million to NI billion, andN2 billion to N5 billion for unit, state, and national MFBs respectively, adding that the policy will be inimical to the objectives of the financial inclusion strategy.

The meeting ended with both institutions pledging to work harmoniously to confront emerging issues in the industry such as Block-chain Technology, Financial Inclusion, Cyber Crime, Digital Banking, Consumer Protection and the provision of credits to MSMEs.

– By Simon Ugwu

TOTAL Reiterates Commitment to Providing Clean Energy

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Total Exploration and Production Nigeria Limited has reiterated its commitment to proving more reliable, affordable and clean energy in Nigeria in particular and the world in general.

The Managing Director/Chief Executive, Total E&P Nigeria Limited, Mr. the Nicolas Terraz, made this known at the Management Session of the 36th Nigerian Association of Petroleum Exploration (NAPE)  Annual International Conference and Exhibitions, held in Lagos.

The CEO who was represented by Olatunji Akinwunmi, Executive General Manager, GSR& Planning, Total E&P Nigeria Limited  stated that he was honoured to address the   management session on: Organic Growth in Nigeria Oil & gas Industry: Next phase, where and how can it be achieved”.

He said, Total is very proud to be associated with the Nigerian Association of Petroleum Exploration (NAPE) and as Nigeria’s only fully integrated and gas company, we are certainly involved in the growth of all streams of the industry: upstream, midstream and downstream”.

“Our ambition is to become the <Responsible Energy Major>. And this is the meaning of our motto <Committed to Better Energy>energy to the world growing population. Reliable, affordable and clean energy  The ambition challenges us to provide more reliable, affordable and clean are all three  words of equal importance”, he stressed.

“Reliable, simply because everybody energy to be readily and continuously available in their daily life; Affordable, because cheap energy is necessary to spur the economic development of billions of [people seeking better living conditions; and all polls indicate that it is the clear priority of all customers around the world; clean of course; because we need to reduce our environmental footprint and CO2 emission”, he added.

He stated that the IOC has been present in Nigeria for more than 60 years as a group, in partnership with the Nigerian government and in different equity association with other private companies.

The MD/CEO maintained that the growth opportunities abound in Nigeria and all stakeholders need to come together to achieve and sustain this growth.

Speaking further, he said, “In our upstream activities, run by our exploration and production affiliate, like most of the other IOCs in Nigeria, we moved from the predominantly land based production in the 60s to offshore in the 80s and then deep offshore in 2005 , developing a technically skilled industry workforce in the process”.

“Over the years, despite various challenges n the industry, total has added over 3 billion barrel of oil equivalent to Nigeria’s production and with our Egina project coming on stream in the coming weeks, we will add another 200, 000 barrels per day  which is approximately 10 percent of Nigeria’s oil production”, he added.

In the mid stream sector of the industry, we have 15 percent interest in Nigeria LNG, which currently operates 6 LNG liquefaction trains on bonny island. Indeed, 40 percent of our production in Nigeria is also gas. This is bound to increase in the coming years as total looks to expand its gas business. And as part of our objective to provide more reliable, affordable energy to Nigeria’s growing population, Total is also currently developing a 100MW Katsina Solar Farm project in Katsina.

Our downstream affiliate is a market leader in Nigeria with over 550 service station spread across the nation. In 2014, total pioneered the first solar powered station in West Africa, the Onigbagbo station in Ikeja Lagos, and since then, we have built over 15 solar stations in Nigeria. Our global target is to reach 5,000 solar stations by 2020.

Total downstream activities are also number one in Africa with over 4,300 service stations in the continent offering a one-stop shop experience. For our customers, we aim to become providers of integrated solutions, delivering customers services shaped by closeness and innovation. This involves in particular transforming our service stations into community hubs with local and mobility-related services, as part of a multi-energy network.

– By Simon Ugwu

‘Nigeria Must Invest In Human Capital Development’ –AMCON MD

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Ahmed Kuru MD/CEO AMCON
Ahmed Kuru MD/CEO AMCON

Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON) Ahmed Lawan Kuru has reiterated the need for the government and institutions at all levels to pay more attention to human capital development, which he described as the key to the paradigm shift the country is clamoring for.

Kuru who was special guest of honour at the 2018 edition of the annual Presidential Dinner for the graduating Senior Executive Course 40 Participants of the National Institute for Policy and Strategic Studies, organized by the Alumni Association of the National Institute (AANI), said no country in the world has been able to attain change without a strategy that supports consistent investment in the development of its human capital.

He said, “It is not easy to have a paradigm shift in two, three or even eight years the way most of us are demanding for change in this country. Institutions and governments at all levels must ensure consistent and sustained investment in the development of human capital, which in turn will gradually change the narratives of development in our dear country. I believe the National Institute for Policy and Strategic Studies is strategically positioned to achieve this because of the caliber of people that are privileged to attend the course.

“To achieve that however, we must invest in research especially in the area of education. So if we must have a country of our dream, we must invest and develop our human capital but above all, we have to critically study those policy decisions that brought us where we are today as a nation and strive to correct wherever we may have made mistakes. However, we cannot achieve any of these if we are not patriotic citizens.”

The AMCON boss argued that his interaction with the cream of the Nigerian public sector including the military, police, banking, labour and other strategic institutions, has revealed that, members of the National Institute, have occupied enviable positions of heads of state, governors, senators, ministers, captain of industries and head of traditional institutions amongst others meant that they have the powers to make the desired changes in the country.

Adding, “This role no doubt signifies how important the society views each and every one of you. It is therefore incumbent on you to demonstrate high sense of leadership and responsibility that is devoid of any form of parochialism and sentiment.

The fast pace of change and national development in countries across the world, especially in past decades, has been driven by a paradigm shift towards thinking globally and acting locally. Successful national growth and development have therefore been accomplished under inherently deft, visionary and people oriented national policies and strategies.

“As you are well aware, the National Institute was conceived as a high-level institute with the primary objectives of serving as the nation’s foremost policy think-tank, developing top-class technocrats of high intellectual capacity like you who are expected to conceptualise and lead the implementation of dynamic policy initiatives and strategies for national development. This narrative therefore put a heavy burden on you to sustain the momentum by impacting positively towards a better society,” Kuru concluded.

MTN, Orange Launch Mobile Money Services Across Africa

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mtn

Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group recently announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. Mowali makes it possible to send money between mobile money accounts issued by any mobile money provider, in real time and at low cost.

Mowali will immediately benefit from the reach of MTN Mobile Money and Orange Money (OrangeMoney.orange.fr), bringing together over 100 million mobile money accounts and mobile money operations in 22 of sub-Saharan Africa’s 46 markets.

Mowali is ready to enable interoperability between digital financial service providers beyond MTN and Orange operations and markets, to support the existing 338 million mobile money accounts in Africa.
Mowali is a digital payment infrastructure that connects financial service providers and customers in one inclusive network. It functions as an industry utility, open to any mobile money provider in Africa, including banks, money transfer operators and other financial service providers.
The objective of Mowali is to increase the usage of mobile money by consumers and merchants.  Mowali enables money to circulate freely between mobile money accounts from any operators in all countries. From the customer’s point of view, this means “I can pay or receive money anywhere from my mobile account regardless of my operator”. The system will unlock further innovation in the digital financial space within the continent.
For Stéphane Richard, Chairman & CEO of Orange, “by providing full interoperability between platforms, Mowali will provide an important step forward that will allow mobile money to become a universal means of payment in Africa. Increasing financial inclusion through the use of digital technology is an essential element in furthering the economic development of Africa, particularly for more isolated communities. This solution embodies Orange’s ambition to be a leading player in the digital transformation of the continent. By joining forces with another of Africa’s market leaders, MTN, we aim to accelerate the pace
of this transformation in a way that will change the lives of our customers by providing them with simpler, safer and more advantageous services. “
“One of MTN’s goals is to accelerate the penetration of mobile financial service in Africa, Mowali is one such vehicle that will help us achieve that objective. Furthermore, co-operation and partnerships that help us accelerate the pace of development and overcome some of the scale, scope and complexity of challenges that society faces are key. This partnership with Orange is therefore an important step in helping us play a meaningful role in supporting the United Nations’ Sustainable Development Goals related to eliminating extreme poverty and enhancing socio-economic development in the markets we operate in and beyond. Thus giving our customers access to a bright, digital future.” said Rob Shuter, Group President and CEO of MTN.
The GSMA supports the Mowali initiative as interoperability at this scale is a key accelerator for both financial inclusion and Mobile Money usability across Africa.
“Today, there are over 690 million mobile money accounts around the world. Mobile money services have become an essential, life-changing tool across Africa, providing access to safe and secure financial services but also to energy, health, education and employment opportunities.

The creation of Mowali will help to further transform mobile financial services throughout the African region. It demonstrates the mobile industry’s continued leadership and commitment to driving financial inclusion and economic empowerment through industry collaboration. The GSMA is proud to support its development,” said Mats Granryd, Director General, GSMA.
“Interoperability of digital payments has been the toughest hurdle for the financial services industry to overcome, in support of financial inclusion. With Mowali, Orange and MTN deliver a solution that will enable them, and other companies, to scale digital financial services across Africa, faster, to everyone—including the poor,” said Kosta Peric, deputy director of Financial Services for the Poor, at the Bill & Melinda Gates Foundation.

“This is a signal that a new wave of innovation, which can help alleviate poverty and drive economic opportunity, is coming. We’re pleased to see an implementation of Mojaloop—an open source payment platform available to operators across the sector—help achieve that.”

Akinwumi Adesina: Leading Agricultural Innovation and Economic Growth of Africa

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Akinwumi Adesina President African Development Bank
Akinwumi Adesina President African Development Bank

As an agricultural economist, Dr. Akinwumi Adesina has been a leader in agricultural innovation for over 30 years. He has contributed greatly to food security in Africa, aimed at improving the lives of millions currently living in poverty, throughout the African continent.

The Sunhak Committee acknowledges Dr. Akinwumi Adesina’s achievements in promoting Good Governance of Africa, which boosts Africa’s capacity to feed itself and transform its total economies for generating wealth for millions of rural and poor African farmers.
At the Cape Town International Convention Center, the Sunhak Peace Prize Committee announcedthat the 2019 Laureates for the Sunhak Peace Prize would be Waris Dirie, 53 year-old world-class supermodel and anti-FGM activist, and Dr. Akinwumi Ayodeji Adesina, 58 year-old president of the African Development Bank Group.
Dr. Akinwumi Adesina has been a leader in agricultural innovation in Africa for over 30 years, bringing great improvement to Africa’s food security. contributing to Africa’s dynamic growth. His leadership is building stepping-stones for Africa’s dynamic growth.
Dr. Akinwumi Adesina pioneered major transformations in the agricultural field, including expanding rice production by introducing high yielding technologies, designing and implementing policies to support farmers’ access to technologies at scale, increasing the availability of credit for millions of smallholder farmers, attracting private investments for the agricultural sector, rooting out the corrupt elements in the fertilizer industry, and assisting in establishment of major agricultural policies for Africa’s green revolution.
The “Africa Fertilizer Summit,” which he organized in 2006, was one of the largest high-level meetings in Africa’s history that had a focus on solving Africa’s food issues. During this Summit, Dr. Adesina was instrumental in developing the “Abuja Declaration on Fertilizer for the African Green Revolution,” whereby the participants stated their commitment to the “eradication of hunger in Africa, by 2030.”
Dr. Adesina worked with various banks and international NGOs in order to create an innovative financing system, providing loans to small farmers, providing a way for them to rise out of poverty. This move leveraged $100 million in loans and provided opportunities for small farmers to increase their agricultural productivity, and their income.
Dr. Akinwumi Adesina currently serves as the president of the African Development Bank Group which plays a central role in Africa’s development. As an “economic commander” of Africa, he promotes the “High 5 Strategy” that includes: light up and power Africa, feed Africa, industrialize Africa, integrate Africa and improve the quality of life for the people of Africa. As a result of his work, the lives of millions of people throughout Africa have been improved.
Chairman of the Sunhak Peace Prize Committee, Dr. Il Sik Hong, stated that “the Sunhak Peace Prize was established based upon the vision of “One Family Under God.” The 2019 Sunhak Peace Prize gives special attention to peace and human development in Africa.”
Dr. Hong added “in order for us to build an era of peace and coexistence in the 21st century, we want to encourage continuous development in Africa. Africa is a rising star and its growth will contribute global progress and development throughout the 21st century.”
The Sunhak Peace Prize honors individuals and organizations who have made significant contributions to the peace and the welfare of the future generations. The Sunhak Peace Prize includes a cash prize totaling one million dollars. The 2019 Sunhak Peace Prize Award Ceremony will take place in February, 2019 in Seoul, Korea.

‘No Silicon Valley for Africa’

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Recently, the city of Cape Town, South Africa welcomed over 300 active and aspiring investors representing Africa’s early stage investing ecosystem for last week’s two-day Africa Early Stage Investor Summit organized by VC4A and ABAN.

Celebrating its fifth year, the summit attracted the highest ever number of early stage African investors from 35 different countries, and more specifically 25 African nations representing 110+ investor organisations to share expertise, experiences, and fostering collaborations to bolster the ecosystem of capital provision for African entrepreneurs.

Key takeaways from the two days included:

  • Silicon Valley will not be replicated in Africa. Though there are lessons to be learned from the Valley, African VC faces unique constraints in scale, capital and exit opportunities. Rather than spend time ‘unicorn hunting,’ investors should push founders to build profitable, sustainable, and locally-adapted businesses.
  • Collaboration is required to build a thriving industry.Investors must be activists in attracting more capital and resources into African markets, especially from larger corporates, growth equity investors and development finance institutions (DFIs). More collaboration is needed in designing instruments and financing structures tailored to African ventures.
  • Human capital and diverse teams will be a key to success. In the coming decade, Africa will hold the majority of the global youth population, bringing a wealth of opportunity and innovation. Yet accessing strong talent and building diverse teams remains a stark challenge for most ventures. Investors want to see more female and locally-led organizations with thoughtful human capital strategies.

As Keet van Zyl from Knife Capital expressed during the opening panel discussion: “It is easy to invest money in Africa right now, but it is hard to make money in investing here. The key is to be exit centric – we only invest in entrepreneurs who are focusing on building sustainable businesses that can exit.” Ben White, CEO of VC4A says, “This conversation succinctly captures the challenges venture capital faces in Africa and why we need to keep working to strengthen and support the entire African venture ecosystem.”
One key announcement at the Summit came from Nikunj Jinsi from IFC Venture Capital: the World Bank Group has launched L’Afrique Excelle, a post seed stage acceleration program and showcase of the best startups from Francophone Africa. The program, following the first XL Africa cohort, will target and select high growth business in order to provide much needed support to the region’s nascent ecosystem. “With the conversations around the current lack of resources availed to Francophone Africa, and the importance of public-private partnerships, having frequently surfaced in the Summit sessions, this news was highly welcomed and appreciated by all in attendance,” says White.
While still in the early days, angel investors are experimenting across the continent and seeking ways to professionalize within their home markets. ABAN president Tomi Davies presented “Finding Product/Market Fit: The State of Angel Investing in Africa” (- a first ever scoping study by ABAN in partnership with infoDev / The World Bank Group on angel investing in Africa. The ABAN network has grown from 5 to 80 active networks and it is important to now have research that captures this emerging investor segment.
Babajide Sodipo, Regional Trade Adviser with the African Union (AU), announced a new partnership between the AU and ABAN formalizing their joint ambition in supporting entrepreneurs and SME’s across the continent. David van Dijk, ABAN Executive Director: “It’s great to see so many connections being made. More importantly we are excited by the level of engagement. Now is the time to take an active role and to be part of the next great African success story. We invite all actors and stakeholders to join the conversation.”
“It was the largest and most successful summit we have run with over 60 speakers participating in 7 panels, 4 investor masterclasses, 3 keynotes, 2 roundtables and 1 fireside chat. It’s amazing to see this industry rise in Africa. The passion and commitment shown by speakers and participants alike to partner with entrepreneurs to unlock the continent’s opportunities demonstrates how much there is to still achieve and I have no doubt that this ecosystem will prosper”, concludes White.

Dell Technologies Gen Z Research Reveals: ‘We Haven’t Raised a Generation of Robots’

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Generation Z is entering the workforce, bringing with it a tech-first mentality that will propel businesses further into the digital era while potentially deepening the divide among five generations in the workplace. According to global research commissioned by Dell Technologies, post-millennials – those born after 1996 and known as Gen Z – have a deep, universal understanding of technology and its potential to transform how we work and live.

“It’s almost a given that these digital natives have advanced technology and data science skills, but what is surprising is the level of digital maturity they are bringing to the workplace,” said Danny Cobb, corporate fellow and vice president of Technology Strategy, Dell Technologies. “Yet we haven’t raised a generation of robots. Gen Z sees technology not only as a tool for enabling human progress, but also as a means for leveling the information empowerment playing field. Their combination of vision and optimism is remarkable.”

The survey of more than 12,000 high school and college students in 17 countries reveals the younger generation’s outlook on technology and future jobs. Specifically:

         98% have used technology as part of their formal education

         91% say the technology offered by an employer would be a factor in choosing among similar job offers

         80% want to work with cutting-edge technology; of those 38% are interested in IT careers, 39% want to work in cybersecurity and 46% aspire to do technology research and development

         80% believe technology and automation will create a more equitable work environment by preventing bias and discrimination

An overwhelming 89% recognize that we are entering the age of human-machine partnerships: 51% of those surveyed believe that humans and machines will work as integrated teams, while 38% see machines as tools for humans to use as needed.

While most Gen Zers are confident with their technical prowess, they also worry about having the soft skills and experience that employers are seeking. Seventy-three percent rate their technology literacy as good or excellent and 68% say they have above-average coding skills. Even more telling, 77% are willing to mentor an older coworker who may be less experienced with technology. Yet nearly all new grads (94%) have some concerns about future employment.

         Only about half (57%) rate their education as good or excellent in preparing them for their careers

         52% are confident they have the tech skills employers want but not necessarily the non-tech skills

At the same time, senior professionals are concerned they are being outpaced and that a majority of leadership roles in the future will be filled by digital natives. According to previous Dell Technologies research, 87% of business leaders fear that their organizations will struggle to offer equal opportunities across generations.

With up to five generations now in the workplace, businesses must help workers find common ground as they push to create a digital-first culture. Cross-functional teams with complementary skillsets can encourage knowledge exchange and a fresh approach to problem-solving. Internships, rotation programs and other early-career development opportunities can help young professionals gain experience and develop soft skills on the job. And reverse mentorship programs can enhance technical competencies throughout an organization, with Gen Z leading the way.

“At Draper, we thrive on cross-discipline collaboration. It’s not unusual for us to bring together military experts, rocket scientists and students from area universities to solve some of the world’s most complex challenges,” said Mike Crones, CIO at Draper. “In these scenarios, the student provides a unique perspective to solution development. Many of the technologies we work on are highly interactive and Gen Z brings a curious, user-first approach that we might not otherwise consider.”

Although they have interacted with electronic devices practically since birth and grew up with social media, Gen Z yearns for more human interaction in the workplace.

         In-person communication (43%) is the preferred method for communicating with coworkers, followed by phone (21%); messaging apps and texting ranked last

         75% expect to learn on the job from coworkers or other people – not online

         82% say that social media can be a valuable tool in the workplace

         More than half (53%) prefer to go to a workplace versus working from home and 58% prefer to work as part of team rather than independently

“Today’s young professionals grew up in a collaborative educational environment and they are bringing those same expectations to the workplace,” said Maribel Lopez, technology industry analyst and strategic advisor at Lopez Research. “Though face-to-face communication isn’t always in possible in today’s modern workplace, immersive technologies are enabling all types of workers to collaborate in both the physical and virtual worlds.”

Added Cobb, “Ultimately, those organizations that create a workforce in which all generations are supported will thrive in the era of hum

McKinsey: Africa, World’s Next Big Growth Market

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A new book by McKinsey confirms that Africa is poised for economic acceleration, akin to the Asian boom. While other geographies are seeing incremental growth, global companies that get in early and join the African champions shaping the right strategies, can sustain double-digit profit growth over the next few decades.

In Africa’s Business Revolution: How to Succeed in the World’s Next Big Growth Market (Harvard Business Review Press, November 20, 2018) Acha Leke, Mutsa Chironga, and Georges Desvaux detail the research that McKinsey & Company has done and share insights into Africa’s future growth prospects.

The conclusions they draw are distilled from 3,000 McKinsey client engagements, in-depth proprietary research and interviews with 40 of Africa’s most prominent business and development leaders. The authors reveal how companies can better understand the African market and seize the opportunities for building profitable, sustainable businesses.

Major trends indicate Africa is poised for explosive growth

Africa has a fast-growing, rapidly urbanizing population with big unmet needs. This means there is a trillion-dollar opportunity to industrialize Africa, to meet rising domestic demand and create a bridge-head in global export markets.

In addition, there has been a big push by governments and the private sector to close infrastructure gaps. There is a continued resource abundance in agriculture, mining, and oil and gas, with innovation and investment in these sectors unlocking new production on the continent. The rapid adoption of mobile and digital technologies could leapfrog Africa past many obstacles to growth.
Leke and Desvaux, both Senior McKinsey Partners and Chironga, an executive at Nedbank, one of South Africa’s largest banking groups, say:
“With over 400 African companies earning annual revenues of US$1 billion or more, we can identify what works. The highly successful businesses are often African companies, but many are entrepreneurial firms with Western, Indian, or Chinese founders. The most consistently profitable businesses demonstrate a higher tolerance for risk, are eager to adapt their products, production and distribution for African consumers, and commit to investing and building their businesses for the long-term.”

African success stories

The book examines several examples of African businesses that have translated opportunities into enduring business value. For instance, it shows how Nigerian conglomerate, Dangote Industries, industrialised to serve regional markets through import substitution and improved margins through vertical integration. South African retail giant, Shoprite, adapted its supply chain and distribution centres for local logistics. SABMiller created products for regional tastes and invested heavily in multiple markets and skills transfer. Technology driven start-up, Kenya’s M-Kopa, is providing mobile money financed off-grid solar energy kits. The authors also study global companies which have succeeded in Africa for decades, like Coca-Cola, GE, and Total.

Four imperatives to achieve long-term sustainable growth

Leke, Chironga and Desvaux believe that building a successful business in Africa requires a long-term approach and four essential practices:

  1. Mapping an Africa strategy – setting a clear aspiration, prioritising markets, defining how to achieve scale and relevance and creating an ecosystem to thrive.
  2. Innovating business models – truly engaging with customers, creating products and services to fulfill unmet needs, getting lean to drive down costs and price points, and harnessing technology.
  3. Build resilience for the long term – riding out short-term volatility, diversifying portfolios, integrating up and down the value chain, understanding local context and engaging with governments.
  4. Unleashing talent – developing skills in frontline workers, creating robust talent development processes and harnessing the power of women’s advancement.

Acha Leke says:

“At the heart of these four imperatives is a commitment to doing well by doing good. We have had the privilege of meeting and working with many remarkable business leaders from around the world. What has struck us time and again is how many of them are driven by a deeper purpose. They look closely at Africa’s high levels of poverty; its gaps in infrastructure, education and healthcare, and its governance problems. But they don’t just see barriers to business – they see human issues they feel responsible for solving. They show us that contributing to the social and economic development of the countries within which their thriving businesses operate creates value for both shareholders and stakeholders.”