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African Development Bank showcases investment opportunities in Africa to Nordic investors

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By: Segun Lawal

The African Development Bank in a multidisciplinary team roadshows has presented financial products and investment opportunities to Nordic investors to leverage more access to financing. The roadshows brought together more than 50 private sector companies, investors and government and public institutions in Norway, Sweden, Finland, and Denmark.

The aim of the event was to bring the Bank closer to customers in order to increase awareness of key private sector stakeholders to understand the Bank’s financial and risk mitigation products for investment projects. The roadshows also generated significant interests of businesses to the Africa Investment Forum, the Bank’s maiden market place, scheduled for November 7-9 in Johannesburg, South Africa.

The first roadshow took place in Norway on 24-25 September, followed by Sweden on September 27- 28. In Finland, the Bank met key private sector companies, private funds, and pension funds from 1-2 October and the final event was in Denmark on October 4-5.

The Bank presented its strategy for the transformation of African economies and showcased investment opportunities on the continent. The highly interactive event targeted commercial banks, institutional investors including pension funds, asset managers and insurers as well as individual investors across the Nordic region.

“Nordic countries are very important for the development of Africa and we want to see more investments coming from these countries. Hence, the roadshow organized to showcase African investment opportunities and to present the Bank as a gateway for their investments”, said Olivier Eweck, Director, Syndication, Co-financing and Client Solutions Department, adding that “several private investors and companies have shown keen interest in the Africa Investment Forum”.

The African Development Bank team discussed key roles in accelerating Africa’s investment opportunities across the Nordic region in line with the Bank’s development priorities for Africa as enshrined in the High 5s.

The Bank sees its partnership with long-term investors from the Nordic region as important and welcomes their perspective and visions to support new investments in infrastructure, and to foster sustainable development initiatives in Africa.

The Africa Investment Forum is a novel platform for international business and social impact investors looking to transact and invest funds in Africa. It will connect investors with both public and private sector projects throughout the continent.

The Bank expects that holding the event under one roof would provide an ideal platform for interfacing with its partners, reduce intermediation costs, improve the quality of project information and documentation, and increase action-oriented engagements between African governments and the private sector.

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ADEDUNTAN, FIRSTBANK MD HEADLINES UNIVERSITY OF IBADAN (UI) MAIDEN GRADUATE CAREER FAIR

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Nigeria’s premier financial Institution, First Bank of Nigeria Limited, has announced its sponsorship of the University of Ibadan (UI) Graduate Recruitment/Career fair which took place on Tuesday, 6 November 2018 at the University’s Conference Centre in Ibadan, Nigeria. The Graduate Recruitment/Career Fair is part of the activities lined up for the commemoration of the institution’s 70th Foundation Day Anniversary and 2018 Convocation Ceremonies.

The Career Fair was convened to promote the engagement between organisations, spanning diverse industries and exceptionally talent among the final year students of the University on career mentoring and ready for work tips. The Vice Chancellor of the University of Ibadan – Professor Abel Olayinka delivered the welcome address whilst the Managing Director of First Bank of Nigeria Limited, Dr Adesola Adeduntan who is an alumnus of the University gave the keynote lecture.

Other activities lined up for the event were the syndicate and coaching speed sessions. The Syndicate Session comprised four activities namely; Employability Skills, The Future of Work, Academic Pursuit – What and How? and Entrepreneurship/Startups. These sessions were driven to ensure the preparedness of the young graduates towards their career pursuit.

On the other hand, the Speed Coaching Session was used to share knowledge and solve problems quickly. There were experienced Human Resource professionals on ground to help the students in the areas of resume writing; aptitude test, assessment centres and interview preparation as well as searching for jobs.

According to the Group Head, Human Capital Management & Development, First Bank of Nigeria Limited, Rosie Ebe-Arthur, “the FirstBank-University of Ibadan Graduate Recruitment/Career Fair is a noble initiative we are pleased to identify with. Interestingly, this partnership is indeed a celebration of Firsts as the Graduate Recruitment/Career Fair is the first of its kind by the premier University and FirstBank, the premier Financial institution in the country. FirstBank’s participation in the event is indeed an avenue to identify young Nigerians with the right skillset that epitomises our vibrant and creative workforce.”

 

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BUSINESS

NLC strike: Dana Air to Reschedule/ Reroute Passengers for Free

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Dana Air has assured its guests of its commitment towards ensuring that they do not bear the impact of the imminent strike action by the Nigerian Labour Congress scheduled to commence on 6th of November, 2018.

The airline in a statement signed by it Media and Communications Manager, Kingsley Ezenwa, said the airline will available to reschedule or reroute its passengers at no cost to the passengers.

The airline rued the inconvenience of the likely effects of flight disruption on its passengers and the huge loss of income on its part, however appealed to the Federal Government and the organized labour to find a middle ground and resolve the issue in the overall interest of Nigerians and the economy.

‘While we regret the inconveniences on the part of our guests who are already on our scheduled flights for the week, and the likely loss of income on our part, we appeal to the Federal Government and the Nigerian Labour Congress to find a middle ground and resolve the issue in the overall interest of Nigerians and the economy.’’

‘At Dana Air, the comfort of our guest is paramount and we will be available on Phone, Mail,  and on all our social media handles including WhatsApp (07051190363) to attend to all requests from our guests.’’

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Banking

First Bank partners CFA Society for Ethics Challenge

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First Bank of Nigeria Limited is partnering with CFA Society Nigeria for this year’s edition of its Ethics Challenge. The Ethics Challenge is a university outreach programme organised by CFA Society Nigeria for university students. It aims to promote the highest standards of ethics, education, and professional excellence in the investment industry. First Bank said in Lagos on Tuesday that the partnership aligned with the Corporate Responsibility and Sustainability strategic approach and the objective of the bank’s endowment programme – the Samuel Asabia Chair for Business Ethics at the University of Lagos

Mrs Folake Ani-Mumuney, its Group Head, Marketing and Corporate Communications, said the partnership would also showcase the bank’s support for education amongst youths and the drive for nation building.

Speaking on the event which would hold between Nov. 2 (Lagos and Abuja) and Nov. 3 (Lagos only), Ani-Mumuney said: “It is part of the bank’s ambition to raise the next generation of financial analysts who will operate under the appropriate guiding principles.
“This partnership is an improvement of last year’s edition of the programme. We realise the need to carry out adequate engagement with students as regards business ethics.

“That way, we will be shaping the future of the investment industry in Nigeria.
“With seven universities competing in the 2017 ethics challenge, CFA Society has set out to increase the impact of the 2018 version by expanding the number of participating universities from seven to twelve, including at least one West African university.’’
According to her, this year, the programme will run regional competitions in Abuja and Lagos before running a National Final in Lagos.
“Also, in line with its ‘Women in Investment Management Initiative’ and to encourage women inclusion, the CFA society has added a requirement that each team must be represented by an equal number of female and male students,’’ she said.
Ani-Mumuney said that she was optimistic that these two strategic improvements would position the competition to enable the bank make bigger impacts through the Ethics Challenge.

“Participating universities for the programme are Babcock University, Bowen University, Covenant University, Ekiti State University, Mountain Top University, Obafemi Awolowo University Ile-Ife, University of Benin and University of Calabar.
“Others are university of Ibadan as well as University of Lagos for the Lagos preliminary round, while the Abuja Based preliminary round will have University of Abuja, University of Maiduguri, University of Ilorin, University of Nigeria and Madonna University participating.

“The competition will take place in two rounds with the preliminary rounds taking place in Lagos and Abuja.
“Thereafter, two qualifiers from the Abuja region and four qualifiers from Lagos region will converge in Lagos for the grand finale,’’ she said.

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