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London: Dangote urges deepening of African economy through free trade

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Foremost businessman, Aliko Dangote has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid growth and development of the Continent’s economy.

Speaking during “One to One Conversation” at the on-going 5th annual Financial Times African Summit, the Nigerian entrepreneur said the key to Africa’s economic growth and strength is in the development of the regional market, saying “Regional markets in Africa must work.”

Dangote said Africans must patronize African markets which is why the free trade agreements by African nations is the direction to go to strengthen African markets.

Citing an instance of his own experience, the president of Dangote group referred to the case of neighbouring Benin Republic where the country continues to import cement from China while his Nigerian factory is only 35 miles away from the border.

“We need to trade with ourselves”, Dangote stated as he spoke glowingly about the prospect of African economy, the free trade agreement and the availability of huge raw materials to attract investors.

Asked about when the much touted listing of Dangote cement on the London Stock Exchange, he told his audience comprising of investors, business magnates, captains of Industry and African Heads of Government which included President Akufo-Addo of Ghana and Ali Bongo of Gabon, that the listing might happened in 2019.

According to him, all hands are on deck to complete the process of listing, the development which he said is being looked towards for by the business community.

Prompted by the Editor of the Newspaper, Lionel Barber to speak about difficult markets like Tanzania and Ethiopia, Dangote dismissed the issue difficulty and re-affirmed “our aim is to always provide jobs and worth. As an African investor I don’t want any investor anywhere in Africa to have a bad experience.”

Dangote repeated his central mantra for African growth urging the reduction of exports of raw materials to other continent but create greater wealth within African economies.

Said he: “We need to continue to transform the structure of African economies”. He alluded to his company’s entry into the Ghana Sugar market, pointing that he is further expanding his sugar business to Ghana for the main reason of helping to revitalize its economy. “We are going to help Ghana grow its own sugar for the first time.”

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Banking

Desarrollar Partners with Top Firms to Improve Real Estate Solutions

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Desarrollar Limited a lifestyle and leading real estate solutions company in Lagos, Nigeria has partnered with Union Trustees Limited, First Bank Trustees Limited and Banwo & Ighodalo  and The Lodt Legal Partners to improve real estate services and solutions.

The partnership which was signed on Monday, in Lagos, will unveil Nigeria’s most secure and institutionalized real estate trust consortium aimed at safeguarding the financial investments of Nigerians and Africans living abroad and in Nigeria.

According to the Lead Partner, Desarrollar Limited, Mr Ikemefuna Mordi, the trust framework includes Nigeria’s leading Trustees, legal firms and real estate firms which will work towards ensuring and providing real estate solutions.

Ikemefuna said, “Desarrollar and its partners have created an institutionalised safe-haven to protect Nigerians and Africans in the Diaspora and those living on the African continent from fraud, deception and, sometimes, misplaced dependence on dishonest family-based relationships, through delivering full, seamless and stress-free lifestyle colutions to the Nigerian and African communities both at home and abroad.

Managing Director FBNQuest Trustees, Mr. Adekunle Awojobi, Lead Partner Desarrollar Group, Mr. Ikemefuna Mordi and Managing Director/CE UTL Trust Management services Mrs Olufunke Aiyepola at the official all Parties signing ceremony between Desarrollar group, a leading Lifestyle and real Estate solutions company and its partners in Lagos recently

Senior Partner, Banwo and Ighodalo, Mr. Olufemi Banwo and Lead Partner Desarrollar Group, Mr. Ikemefuna Mordi at the official all Parties signing ceremony between Desarrollar group, a leading Lifestyle and real Estate solutions company and its partners in Lagos recently.

He explained t

hat Desarrollar applies a premium standard of excellence to its residential development, commercial development and real estate acquisition services in Nigeria, The United States and the United Kingdom.Their www.desarrollargroup.com throws more light on their Service offerings

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BUSINESS

Afreximbank looks to the future of African business in campaign with CNN

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The African Export-Import Bank (Afreximbank) is raising awareness about investment opportunities across the African continent through a multi-faceted campaign on CNN.
The campaign, established by CNN International Commercial (CNNIC), includes a dynamic mix of event partnership, TV and digital advertising, branded content, and editorial sponsorship. This media mix is across multiple CNN platforms in order to reach a wide range of business leaders, opinion formers and decision makers interested in doing business in
Africa.
The focus of the campaign is Afreximbank’s landmark Intra-African Trade Fair – a seven-day event taking place in Cairo in December offering a platform for sharing trade, investment and market information and enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals.
As media partner for the event, CNN is promoting the Intra-African Trade Fair on CNN International’s EMEA feed and digital platforms via a TV commercial, digital advertising and bespoke Fact Files produced by CNNIC’s branded content studio, Create. CNN will also have a presence on-stage at the event.
In addition, Afreximbank is sponsoring a series of vignettes about different aspects of Africa’s creative industry. These editorial vignettes are produced by CNN Vision, the creative production powerhouse of CNN International.
“This is a rich campaign that draws on many aspects of CNN content, expertise and our different platforms to position Afreximbank at the centre of creating business opportunities across Africa,” said Cathy Ibal, Vice President, CNNIC. “No other international media connects with business decision makers and leaders like CNN, and we look forward to seeing the impact that this campaign can have on Afreximbank’s Intra-African Trade Fair and its initiatives in growing African business.”
“Afreximbank is keen to raise the profile of intra-African trade and to grow its value exponentially over the next few years,” said Kanayo Awani, Managing Director of the Intra- African trade Initiative at Afreximbank, which is overseeing the IATF project. “The Intra African Trade Fair (IATF) is expected to kick start the right conversations that will nudge the continent in this direction and form the foundation of the vital partnerships required to achieve the objectives. This is why partnering with CNN on this campaign is a critical step for us – to reach the right spectrum of audience essential to our vision for the IATF.”
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Brand & Marketing

Aregbe Idris task youths on nation building

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The All Progressives Congress Youth Organising Secretary Lagos State, Aregbe Idris has tasked the youths on nation building as a key in pushing the boundaries of innovation and growth in Lagos and Nigeria.
Aregbe made this known over the weekend at a two-day event tagged “Entertainment as a tool for nation building” at LA Campagne Tropicana Beach Resort, Ibeju, Lekki, Lagos.
The Youth Organising Secretary said, “We are the future of this nation, hence we must find a way to harmonise ideas, stay united, and explore all available opportunities to add value to this great nation.”
While stressing on the need for innovation, Aregbe noted that the youths remain sacrosanct to the growth of Nigeria and concerted efforts must be made to build the country of our dreams.
“Vision, purpose, commitment and unity are the key ingredients needed in building a better Nigeria. But we must be willing to be involved in the ongoing political movement.”
“The youths have vital roles to play in growing this nation,” he added.
The two-day event kicked off with a roundtable discussion where hundreds of youths from different corners of Lagos gathered to share views and insights on possible measures to adopt in pushing the frontiers of innovation and development of the state and Nigeria at large.
Talented musical stars took turns to thrill the youths to tracks off their albums.
With the likes of Dede Mabiaku, Alhaji Malaika, Adekunle Gold and other fine artistes guests were given a full doze of unsullied entertainment.
The two-day ceremony was crowned with a pool party hosted by talented music artiste, Falz.
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