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Entrepreneurship is the Key to Unlocking Economic Development on Our Continent…..Tony Elumelu

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 5,000 African entrepreneurs, private and public sector leaders and the broader entrepreneurship ecosystem convened in Lagos on Thursday, October 25, 2018 for the annual Tony Elumelu Foundation (TEF) Entrepreneurship Forum. The event which is the largest gathering of African entrepreneurs in the world, is a unique opportunity for bringing together young business talent, creating dynamic networks and transmitting the message to policymakers that a vibrant and responsible private sector will deliver economic transformation.

Now in its fourth year, the Forum marked the graduation of the 2018 cohort of the TEF Entrepreneurship Programme, following a rigorous nine-month period of training, mentorship and funding, which brought the total number of beneficiaries of the Programme to 4,470, with over 300,000 applications received to date.

One of the highlights was the unveiling of TEFConnect, a revolutionary digital community that brings together the complete entrepreneurshipecosystem across Africa and beyond, including entrepreneurs, investors and the broader business community on one platform, connecting them digitally with three vital elements for success – capital, market and business tools. Africa is riding a wave of rapid technological driven change in payment systems, education, agriculture and infrastructure and TEFConnect fulfills a critical role in linking entrepreneurs across the continent.

Commencing with a series of goodwill messages from key stakeholders in the investment, governmental and development communities, the event featured a pitching competition, panel discussions, as well as a vibrant interactive session between His Excellency, President Nana Akufo-Addo and the entrepreneurs, moderated by TEF Founder, Tony O. Elumelu. It also featured a session on the role of the private sector in the economic development of Africa with Dr. Awele Elumelu, TEF Trustee, Founder, Avon Medical and Gavi Champion for Immunisation in Africa; moderated by CNNMoney Africa Correspondent, Eleni Giokos. Parminder Vir, CEO, Tony Elumelu Foundation also unveiled the TEF Impact Documentary, featuring success stories of the Tony Elumeluu Entrepreneurs.

Tony Elumelu reiterated his commitment to championing Africa’s economic development by supporting and training a new generation of entrepreneurs, whose successes can transform the continent, delivering opportunity, job creation and social impact. ‘Africa’s future is in African hands’ he stated.

“Our Foundation and its unique approach of training, mentoring and funding has proven that entrepreneurship is the key to unlocking economic transformation of our continent. I believe so strongly that success can be democratized and if we can match ambition to opportunities, this extraordinary generation can achieve anything,” said Tony Elumelu.  “With TEFConnect, we have created a tool, that provides a digital platform to host ideas, champion success and demonstrate Africans ability to use the most advanced technologies to take charge of their economic destinies.”

His Excellency, President Nana Akudo-Addo of Ghana underlined the importance of galvanizing the broad entrepreneurship eco-system, calling on public sector representatives to encourage, support and replicate the work of the Tony Elumelu Foundation in their respective regions.

Speaking on the importance of putting the right policies in place, President Nana Akufo-Addo said: “Nothing is changed or developed on its own. People must get up, speak, have discussions and change the dialogue”.

Since its inception, the Tony Elumelu Foundation has empowered African entrepreneurs across the continent with a $5,000 non-refundable seed grant, a bespoke training programme designed specifically for the African environment and access to a dedicated group of mentors, significantly contributing to economic growth, job creation and revenue generation

The Forum was attended by key players in the private and public sector including Governor, Kebbi State, Senator Abubakar Atiku Bagudu; Governor of Bauchi State, Alhaji Mohammed Abdulahi Abubakar; President, Lagos Chamber of Commerce and Industry, Nike Akande; Former Governor, Cross River State, HE Donald Duke and Former Governor of Anambra State, HE Peter Obi, among others.

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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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