African businesses risking failure without succession planning
Onome Amuge
November 17, 2022
By Onome Amuge With a new generation of entrepreneurs emerging on the continent who are eager to pick up the mantle of business, Africa, a continent with a young and rapidly expanding population, is poised for tremendous business success. But the lack of succession planning by many African businesses, most of which are family-owned and controlled by […]
IFC appoints Dahlia Khalifa regional director for Nigeria, Central Africa, Liberia and Sierra Leone
Chisom NwatuNovember 16, 2022
By Chisom Nwatu IFC has appointed Dahlia Khalifa as its regional director for Nigeria, Central Africa, Liberia and Sierra Leone to drive its strategy to create a more resilient and sustainable private sector to support development and job creation in the region. Khalifa, who will be based in Lagos, Nigeria, will lead IFC’s […]
Zoho Finance Platform records 70% growth in MEA region
Onome AmugeNovember 16, 2022
By Onome Amuge Zoho Corporation, a leading global technology company, has announced that the Zoho Finance Platform achieved 70 percent year-over-year (YOY) revenue growth in the Middle East and Africa (MEA) region. The significant growth of the finance platform which supports more than half a million businesses in over 160 countries, is attributed to the […]
15-year old Otong wins UBA Foundation’s 2022 National Essay Competition
Rosemary IwualaNovember 16, 2022
By Rosemary Iwuala Fifteen-year-old Otong Usuongobona Paul from Akwa Ibom State has emerged the overall winner of the 2022 edition of the UBA Foundation Annual National Essay Competition (NEC) organised by the United Bank for Africa (UBA) Plc. Usongobong, a student of Federal Government Girls’ College Ikot-Obio Itong, Akwa-Ibom, beat 11 other […]
FATE Foundation’s policy dialogue to address finance gap facing Nigerian SMEs
Onome AmugeNovember 16, 2022
By Onome Amuge FATE Foundation, Nigeria’s foremost non-profit private-sector led organisation, is set to hold the eighth edition of its annual policy dialogue series for business entrepreneurs, aimed at discussing and proffering solutions to the financial gap hindering the development of Small and Medium Enterprises (SMEs) across the country. The event, scheduled for November 17, […]
CBN commits to protecting underserved Nigerians in new naira rollout
Rosemary IwualaNovember 15, 2022
By Rosemary Iwuala The Central Bank of Nigeria (CBN) has committed to protecting the interests of millions of unbanked and underserved Nigerians, mostly resident in the rural areas, in the implementation of its naira redesign policy. The apex bank also expressed satisfaction with the positive response of the banking public to the policy through increased […]
UBA reiterates commitment to development of SMEs across Africa
Godfrey OfurumNovember 14, 2022
By Godfrey Ofurum The management of United Bank for Africa (UBA) Plc has said that it is committed to the growth of Small and Medium Enterprises (SMEs) across Africa, as evidenced in the increased funding it has provided to such businesses in Nigeria and across Africa. Muyiwa Akinyemi, deputy managing director, said […]
Nigeria, South Africa, Zimbabwe most at risk of inflation, depreciation – ConRe
business AMNovember 14, 2022
A survey by Continental Re, the pan African reinsurer, has found that Nigeria, South Africa and Zimbabwe are the three out of 54 African economies most at risk from financial risks that include currency depreciation and inflation, the top challenges they face in the year ahead. The survey, which polled Africa’s leading insurance […]
Insurtech is driving direly-needed change in Nigeria’s insurance sector
Olivia NnoromNovember 14, 2022
By Olivia Nnorom Insurance penetration in Nigeria has for long remained abysmally low at below one percent as a result of, among other factors, the inability of operators in the sector to leverage the huge potentials inherent in the insurance markets. This has continued to be a concern to industry stakeholders. Due […]
Foundation, firm set to empower 10,000 FCT youths with solar, CCTV installation skills
Cynthia EzekweNovember 10, 2022
By Cynthia Ezekwe The Hope Hossana Foundation, a non-governmental organization, in collaboration with DG-Integrated Solar Energy Services, is set to empower 10,000 youths across the six area councils of Abuja Municipal in solar and close circuit television (CCTV) camera installation and maintenance. Chibuike Onyejietu, managing director of DGIS, disclosed this at a press […]