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TONY ELUMELU FOUNDATION MARKS INTERNATIONAL YOUTH DAY EMPHASISING THE “YOUTH ENGAGEMENT FOR GLOBAL ACTION” AGENDA 

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Tony Elumelu Foundation (TEF) joined the United Nations and other global organisations to mark the International Youth Day on August 12, 2020, with a line-up of pan-African speakers discussing the theme, “Investing in Africa’s Future: Youth Empowerment through Entrepreneurship”.

 

 

The event emphasised the “Youth Engagement for Global Action” agenda and the role of African entrepreneurs in pushing for sustainable development. It also examined the critical role of the youth in igniting their potential, population, and influence to create mechanisms for sustainable development across the continent. 

  

Moderated by TEF CEO, Ifeyinwa Ugochukwu, the event featured a line-up of pan-African entrepreneurs and speakers from the development sector.

 

Addressing the audience, Ifeyinwa Ugochukwu drew attention to the plight of startup African entrepreneurs during the pandemic while highlighting the importance of SMEs, especially during this period. “The SMEs are the major contributors to African economies. We must not underestimate the level of disruption and uncertainty that young people all over the world have faced as a result of the COVID-19 pandemic in Africa.”

 

Ifeyinwa emphasized the need to empower the youth to tackle the menace of poverty on the continent.

 

Wambui Gichuri, Ag. VP Agriculture, Human, and Social Development, African Development Bank stated: “Entrepreneurship is an essential part of Africa’s employment challenge and it is where we have to put our focus as a multilateral development bank”.  

 

She added: “We need to do whatever it takes to empower our youth because they are the future of the continent”. 

 

Martha T.M. Phiri, PhD, Director, Human, Youth and Social Development, African Development Bank, stated that the $5million partnership between the African Development Bank (AfDB) and the Tony Elumelu Foundation in 2019 to empower additional young African entrepreneurs, was a step in the right direction to create jobs on the continent. “That was a very exciting partnership and we feel this should be the way forward if we are going to create jobs on the continent,” she said.  

  

Shoroke H. Zedan, Chairman, World Youth Skills, Egypt said: “It is important that governments start looking at entrepreneurship as a fundamental core topic that needs to be integrated into the educational system”. 

 

Speaking on incorporating the youth into policymaking decisions, the Global President, AISEC, Alexandra Robinson stated: “I advocate for any policy that involves young people as co-owners of the policymaking process. I really believe that when young people are given co-ownership of the table, not just invited to someone else’s, they are able to have those meaningful conversations”.

 

   

Bilikiss Adebiyi-Abiola, Founder, Wecyclers Nigeria and past fellow of the Tony Elumelu Foundation recalled the moment when she got accepted into the Tony Elumelu Foundation Entrepreneurship Programme: “In 2012, when I was invited to the Tony Elumelu Foundation to pitch my idea, I was very fortunate to pitch directly to Mr. Elumelu and I was surprised a couple of days after, we got the grant. That grant was very important for Wecyclers”. 

  

Speaking as an entrepreneur doing business on the continent, Leroy Mwasaru, Founder, Greenpact Kenya and an alumnus of the Tony Elumelu Foundation’s flagship Entrepreneurship Programme highlighted the need for transparency to attract more investors: “It is as a result of sharing what we have been doing that we hope there are less failures and more successes”. 

  

Earlier in the year, due to the pandemic, the Tony Elumelu Foundation announced the postponement of its flagship TEF Entrepreneurship Programme and TEF Forum, the largest gathering of African entrepreneurs on the continent. Celebrating its 10th year anniversary later in 2020, the Foundation counts over 9,000 young African countries across all 54 African countries as beneficiaries and alumni of its Entrepreneurship Programme. It continues to support African entrepreneurs with expert-led masterclasses, business management training and market linkages on its digital networking platform, TEFConnect.  

I am Paschal Ogechi Obi Chikero . I have written and published three books , I wrote Festus Keyamo's biography- Lion In Isolation .I have been a Reality TV show Producer/Creator, an Actor and Film Script Writer.

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Dangote still Africa’s Most Admired Brand for 5 Consecutive Years

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Dangote still Africa’s Most Admired Brand for 5 Consecutive Years

The Pan-African and fully integrated conglomerate, Dangote Industries Limited (DIL) has again emerged as the most Admired Brand in Africa for the year 2022, for its leadership position in driving quality brands across the continent.

Dangote won awards in 8 different categories, on Wednesday at the venue of the award presentation organised by a renowned organisation Brand Africa in Lagos. The other awards include: Most Admired Nigerian Brand, West Africa’s Most Admired Brand that symbolises African Pride; West Africa’s Most Admired African Brand, and Most Admired Nigerian Brand in Africa, among others.

Founder and Chairman of Brand Africa, Thebe Ikalafeng, stated that Dangote has remained a stalwart global African brand and symbolises African pride. He added that Dangote has also moved up a rank in the Top 100 most admired brands and retains its #1 Made-in-Nigeria brand rank.
INDUSTRIAL GROWTH: DANGOTE TASKS STATES ON INVESTMENTS ENABLERS

Ikalafeng, giving an insight into the process of selecting the winners, said the rankings are based on a pan-African survey covering over 25 countries, which collectively account for an estimated over 85% of Africa’s population and 85% of the continent’s GDP.

According to him, “the research is conducted by GeoPoll, the world’s leading mobile surveying platform, with strategic analyses, insights and ranking conducted by Kantar, the world’s leading data, insights and consulting company and Brand Leadership Group, Africa’s foremost branding, strategic communications and intellectual property advisory firm.”

In a recent issue of the Brand Africa 100: Africa’s Best Brands rankings, Dangote and MTN retained their statuses as the most admired African brands recalled spontaneously and when prompted, respectively.

Group Chief Commercial Officer, Dangote Industries Limited, Rabiu Umar, who received the awards, commended Brand Africa for the initiative of building and promoting African brands. He expressed appreciation to the organisers and urged them not to relent in their efforts to see that brands from Africa compete favorably with foreign ones.

Umar said that Dangote has risen a notch higher as a global brand with the export of Dangote Fertiliser to many countries of the world. “People now identify with the brand and in all the countries where we operate, Dangote Cement has become a reference point,” he added.

Umar said, “To the management of DIL, the ranking was not unexpected, because the company has a long-standing reputation for quality, relevance, compliance and social stewardship. Our mission and vision engage and inspire us; and by extension connects us to both our internal and external stakeholders.

“We fervently believe that only Africans can develop Africa, and this gives us stronger sense of relevance in all the countries where we have our operations. We are touching lives by providing their basic needs and empowering Africans more than ever before, creating jobs, reducing capital flight, and helping government to conserve foreign exchange drain by supporting different industrial and infrastructural projects of African governments.”

Established in 2011, the Brand Africa 100: Africa’s Best Brands rankings are the most authoritative survey and analysis on brands and underlying businesses in Africa, based on a study by Geopoll across 29 countries spanning all the five economic regions.

An analysis of the data over the past 10 years, has established that on average, slightly over 20% of the brands admired by Africans are made in Africa.

 

 

PHOTO CAPTION:

 L-R, Thebe Ikalafeng, Founder and Chairman Brand Africa;  Rabiu Umar, Group Chief Commercial Officer, Dangote Industries Limited, and Karin du Chenne, Chief Growth Officer, Kantar EMEA, at the Presentation of Most Admired Brand That Symbolises Africa Pride in Africaand Seven other awards won byDangote Industries Limited at 2022 Africa’s Best Brands Awards, in Lagos on Wednesday 

 

 L-R, Thebe Ikalafeng,Founder and Chairman, Brand Africa; Tosin Adefeko, Chief Executive Officer, AT3 Resources; Rabiu Umar,Group Chief Commercial Officer, Dangote Industries Limited and Karin du Chenne, Chief Growth Officer,Kantar EMEA, at the Presentation of Most Admired Brand That SymbolisesAfrica Pride in Africa and Seven other awards won by Dangote Industries Limited at 2022 Africa’s Best Brands Awards, in Lagos on Wednesday 

DSC 0481: L-R, Thebe Ikalafeng, Founder and Chairman Brand Africa; Feyi Olubodun, Managing Partner Open Squares Africa; Tosin Adefeko, Chief Executive Officer, AT3 Resources;  Rabiu Umar, Group Chief Commercial Officer, Dangote Industries Limited and Karin du Chenne, Chief Growth Officer, Kantar EMEA at the Presentation of Most Admired Brand That SymbolisesAfrica Pride in Africa and Seven other awards won by Dangote Industries Limited at 2022 Africa’s Best Brands Awards, in Lagos on Wednesday

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INDUSTRIAL GROWTH: DANGOTE TASKS STATES ON INVESTMENTS ENABLERS

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Dangote, only Nigerian on Bloomberg’s top Billionaires’ lists…Fortune increases to $17.8bn

President of the Dangote Group, Aliko Dangote has challenged state governments to consider as topmost priority, the provision of enabling environment for investments as a potent means of attracting private sector operators to their state for investments.

The business mogul who was speaking on the sideline during the recently concluded Nasarawa economic summit in Lafia, said there is no state in Nigeria that is not blessed with resources which could serve as potential for industrial growth.

What the states should do, according to him, is to look inward and put in place economic policies that guarantee environment that would be conducive for investments in the available resources in the states.

“When states provide enabling environment, it will incentivize the private sector to invest and it will be a win-win situation for both the state and the private sector”, he explained.

Dangote recalled how the enabling environment in Lagos had motivated private sector operators to move into the Lekki Free Trade Zone, Lagos to establish companies which is now adding value not only to the economy of the state but also to Nigeria in general.

In the same vein, he stated that such is the enabling environment situation in Nasarawa that made his Dangote Sugar Plc to invest multi-million dollar sugar business in the state.

Dangote reiterated his position earlier while speaking during the opening of the summit that various economic policies including the land reform put in place by the Nasarawa state government were necessary requirements to a state that is committed to promote enabling socio-economic development, as well as improve the quality of lives of their citizenry.

Dangote commended the state governor Engr. Abdulahi Sule for providing the necessary enablers for the investment summit to achieve its goals. Such enablers, he said include, providing committed and focused leadership and well thought out institutional framework that enables the creation of sustainable conducive business and investment climate.

Dangote equally pointed out that it was not enough developing credible, comprehensive plan that identifies investment opportunities and projects but backing these up with supportive public policies and regulations that make these investment opportunities competitive.

“Here is the good news, I can say with confidence that Nasarawa State has in place all the three requirements that promises to guarantee the attainment of the goals of this summit.

“First, I can say, with all humility, that the state has the leadership with the vision and commitment to achieve it,” he said, while describing the Nasarawa governor, Engr. Abdulahi Sule as one of the visionary leaders that made the success of the Dangote Group possible.

“As the GMD then of Dangote Sugar Plc, he has proven this by positioning Dangote Sugar in the top tier of stock in the Nigerian Stock Exchange as the leading sugar company in Nigeria and also Africa,” Dangote stated.

Also speaking, former president of Ghana, John Dramani Mahama, in his keynote address shared some key thoughts on how Nasarawa State can proceed, with the benefit of hindsight, with its investment plan and implementation milestones.

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Dangote Cement grosses N413.2bn revenue in the first 3 months

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Dangote Cement’s commitment

In the first three months of the 2022 financial year, Dangote Cement has recorded a 24.2 percent increase in its revenue and an 18 percent increase in its profit after tax for the same period.

Unaudited results for three months ended 31st March 2022, showed revenue of N413.2 billion and a profit after tax of₦105.9 billion.

 

Analysis of the cement giant’s three months results indicated that Dangote Cement sold a total volume of 7.2Mt of cement across the group with Nigerian operations accounting for 4.8Mt while the rest of Africa did the balance of 2.4Mt.

 

Chief Executive Officer, Dangote Cement, Michel Puchercos, in his comments, said that the company started the first quarter on a positive note despite the new uncertainties brought by a very volatile global environment. He stated that increases recorded in revenue and profitability drove strong cash generation across the Group. Profit after Tax rose to ₦105.9 billion, up 18 percent compared to last year while Group EBITDA rose to  ₦211.0 billion, by 18.6 percent with an EBITDA margin of 51.1 percent.

 

Puchercos said, “On the operational side, we are ramping up production at our Okpella plant and are progressing well to deploy grinding plants in Ghana and Cote d’Ivoire. Demand remained strong across all markets, and we remain confident that Dangote Cement is positioned to meet customers’ expectations despite these temporary challenges.

 

Continuing our efforts to deliver shareholder value, Dangote Cement completed the second tranche of its buyback programme. Following the completion of both tranches, Dangote Cement has now bought back 0.98% of its shares outstanding. This share buy-back programme reflects the Company’s commitment in finding opportunities beyond dividend to return cash to shareholders.”

 

Puchercos added, “the volatile international context is strengthening our efforts to ramp up the usage of alternative fuels and execution of our export-to-import strategy. Reducing our dependence on imported inputs and making our markets self-sufficient has never been more relevant from a regional perspective.

 

Our continuous focus on efficiency, meeting strong market demand and maintaining our costs leadership drives our ability to consistently deliver superior profitability and value to all shareholders.”

 

Dangote Cement is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa. A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria. The Obajana plant in Kogi State, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines; Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta while Gboko plant in Benue state has 4Mta; and  Okpella plant in Edo state has 3Mta.

 

Through recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement serving neighbouring countries.

 

 

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