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Leap Africa 2022: Reawaken, redesign and re-emerged

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By Philemon Adedeji

Lead Africa held 20 Years anniversary and celebration on Thursday, September  8, 2022 aimed to reawaken, redesign and re-emerge Africa beyond potential

The Chief Marketing and Brand Communication of Union bank, Mrs Ogochukwu Ikaeze Ekaidem  who was a one of the keynote speaker gave opening remarks by congratulating the team On the 20th anniversary and celebration, she said is always excited and humbled when  this  type of event comes up because it always reminds her of the potential and the opportunities that exist in our country, and especially among the youths.

“I’m especially excited this year,  because of the 20th anniversary celebration and our paths on life intersect in different barriers. And in every space in the European Union always an inspiration and it is part of your vision, it’s your vision that we celebrate today. So I want to congratulate you,  the LEAP Africa wanted to pass on President for the opportunity to be here today.”

For 20 years, leap Africa has been inspiring, empowering, and developing young leaders through initiatives and programs and the social innovators program. Through the social innovators program, leap Africa has enabled young social innovators in Nigeria to scale their ideas and impact by providing them with the necessary skills and tools needed for personal, organizational and community transformation.

“You know, Mass partnership with Leap Africa on this program began about nine years ago. At that time, we were inching towards our own 100th anniversary and really sort of thinking about what we want to stand for and we connected with this vision of supporting and helping young people with the principles of leap of belief trade with the LEAP principles so that they’re able to build sustainable enterprises.

“Through this partnership, we’ve been able to demonstrate our commitment to empowering and enabling successful young Nigerians and for Nigerians as a whole. If you look at the banners behind, you can see that this year, we’re celebrating our fifth anniversary. So we’ve been here for a while.

“You know, back to our mission, we Leap Africa and the social determinants program. We are proud to have supported over 150 CIP fellows, I know that today’s centers around the country started. And as we said earlier, obviously, the impact is  multiple, there our specialty crowd that even post the CIP program that we we’ve been able to sustain relationships with some of the fellows and working with them on a lot of our community initiatives who have trained 7000 women,  for who’s working on the waste, recycling management inquire muda out in Switherland, we continue to work and engage with the CIP fellows even after the program to ensure that we’re supporting them in their endeavors.

“This partnership has also provided our employees with an opportunity for mentors, facilitators and supporters on an individual basis with  zip ties. So we’re very grateful for that  as an organisation tried to encourage our employees to be part of a community and support and this program has been helpful in helping us provide opportunities for our employees,”she said.

Another, keynote speaker, Henry Kaestner,said “the theme of the conference ‘Redefining the leadership of social innovation’ when i think about redefining leadership of social innovation and my best way to share my thoughts on this is to focus on entrepreneurs who are thriving entrepreneurship in a dynamic performance.

“I want the share three case studies with you that will exemplify for you some inspired leadership that is doing incredible things in the social innovation space.

“And also some key tables that will demonstrate the promise of technologies you’d see all the entrepreneurs are taking problems and turning them into opportunities and the level of boldness and skill they go about with their usual business, they are not taking at small level but at a large level, systemic changes, anyone who builds a hospital in this part of the continent knows the challenge they would face from the shortage of doctors, lack of cordination, problems to acquire medications we only have 3 per cent of health care workers

“I always believe the future is Africa we always have to think outside the box we came up with this brilliant idea of visual consultation with a doctor, deliver drugs to anywhere , this is an innovation that was adapted to our health care system due to our health care system  with this example we have been able to build one of the largest  technology enable health care system across the continent we have 65 hospitals/clinics serving 1 Millon patients in Nigeria,Ghana,Kenya and Egypt.

“Andela is a company I’m always excited about  Andela is with the idea that  The brilliance is even distributed but opportunity is not.

“Andela saw an issue with Nigeria ,Nigeria has a problem of high unemployment and we know we have alot brilliant young people, the problem is not the brilliance but the opportunity and also shortage of  talent engineers developers in the West , we have these amount of young people who seek opportunities to add value but simply have no means to do so.  Andela has created high value employment for young people. Andela is valued over 1b dollars it’s an exciting  win for us and employees and investors.

“He said he always want you to remember as an entrepreneur your model should solve problems and values  you need to leverage technology or you’d be excepted you need to be bold in Pan-African and skill, we need major solutions. don’t let anyone look down on you because you are young but set an example for the believers , in love , combat, speech, purity in fate so go forward and set an example.”

Mojibade Sosanya also commented that, the aim of the anniversary is to call attention of people to socio opportunity in Africa, it has been twenty years now of raising leaders.

She said, sovereignity capital comprises of family of funds across ventures private equity in the United States and South Africa, Asia sovereignty capital invest in leaders whose fate and values create a work space culture and also on business excess and community citizenship, Henry Kaestner is a co-founder  of the public wireless combined with the two companies and company values, fate, family,work and fitness in that order .

Henry’s past professional life including positions in several   institutional firms focused on energy trading based in New York city , Henry and wife Mary with their three teenage sons.

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NGX: Sell-offs in banking stocks drop value of transactions down 2.60%

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Bearish sentiment persisted on banking stocks at the equity market on Friday, making the value of transactions traded on the floor of the Nigerian Exchange Ltd.(NGX) down by 2.60 per cent.

Analysis of the market activities indicated trade turnover settled lower relative to the previous session.
Specifically, investors transacted a total of 257.86 million shares valued at N5.40 billion exchanged in 7,168 deals, as against 285.91 million shares worth N5.54 billion exchange in 7,726 deals posted on Thursday.
Consequently, the market capitalisation, which opened at N56.469 trillion, shed N173 billion or 0.31 per cent to close at N56.296 trillion.
The All-Share Index also dropped 0.31 per cent or 306 points to settle at 99,539.75, compared to 99,845.91 recorded in the previous session.
As a result, the Year-To-Date (YTD) return dipped to 33.12 per cent.
Sell-offs in Guaranty Trust Holding Company (GTCO), FBN Holdings, Zenith Bank,  Access Corporation,  Stanbic IBTC Bank, Jaiz Bank, as well as United Capital and Unilever Nigeria, among other top decliners, drove the market to a negative terrain.
Meanwhile, market breadth closed negative with 20 losers and 14 gainers.
On the losers’ chart, United Bank led by 10 per cent to close at N1.62, FBN Holdings followed by 9.83 per cent to close at N24.30, Tantalizers declined by 8.57 per cent to close at 32k per share.
Deap Capital Management shed 7.35 per cent to close at 63k and Caverton went down by 6.83 per cent to close at 1.50 per share.
On the gainers’ chart, FTN Cocoa Processors led by 9.60 per cent to close at N1.37, RT Briscoe trailed by 9.26 per cent to close at 59k, Livestock Feed gained N1.45 per share.
Royal Exchange Assurance added 8.06 per cent to close at 67k, while Consolidated Hallmark Plc rose by 7.44 per cent to close at N1.30 per share.
On the activity chart, UBA led in volume with 38.72 million shares traded in value of N888.55 million, while GTCO led in value with 38.30 million shares worth N1.31 biliion.
Access Corporation also sold 34.34 million shares worth N584.54 million, Zenith Bank traded 24.41 million shares worth N875.85 million and The Initiative Plc transacted 17.52 million shares worth N34.13 million.
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Financial expert seeks alignment of FG’s fiscal policy with CBN’s monetary policy

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A financial expert, Mr Eddie Osarenkhoe, has advised the Federal Government to align its fiscal policy with the Central Bank of Nigeria’s monetary policy to achieve economic stability.

Osarenkhoe, the immediate past President of Finance Houses Association of Nigeria (FHAN), gave the advice while speaking with newsmen on Wednesday in Ota, Ogun.

He attributed the current steady appreciation of the naira to CBN’s reforms and the country’s ability to pay some of its debts.

Osarenkhoe applauded the CBN reforms which, he said, had helped to sustain the steady appreciation of the naira against the dollar.

The financial expert stated that CBN was able to check speculators in the foreign exchange, thus resulting in continuous appreciation of the nation’s currency.

“If the federal government is able to come up with fiscal policy in alignment with that of CBN, it will help the nation’s economy a great deal,” he said.

According to him, the economy needs to improve through exports to enable the country to earn more foreign exchange.

The naira has shown a remarkable strength against the US dollar, trading below N1,000 at the official market.

This development has been attributed to the strategic financial policies being implemented by the President Bola Tinubu-led administration and CBN.

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Investors lose N457bn as bearish sentiment continues

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Investors in the Nigerian equities market lost N457 billion at the end of trading on Wednesday.

This followed the dip in the share value of Livestock Feeds, Computer Warehouse Group, International Energy Insurance, and FTN Cocoa Processors on the trading floor today.

After five hours of trading at the capital market, the equity capitalisation crashed to N56.5 trillion from N56.9 trillion posted by the bourse on Tuesday.

Similarly, the All-Share Index (ASI) fell below the 100,000-mark to 99,908.89 from 100,717.21 achieved by the bourse the previous day.

The market breadth was negative as 17 stocks advanced, 26 declined, while 78 others remained unchanged in 9, 074 deals.

Ikeja Hotel topped the gainers’ list with +10.00 percent to close at N7.26 from its previous N6.60 per share.

Fidelity Bank, Academy, Morison, and Prestige also increased their share prices by 9.88 percent, 9.77 percent, 9.71 percent, and 9.26 percent respectively.

On the flip side, Livestock Feeds, Computer Warehouse Group, International Energy Insurance, and FTN Cocoa Processors led other price decliners as they shed 10.00 percent, 9.79 percent, 9.79 percent and 9.72  percent each off their share prices.

UBA recorded the highest volume by trading 55.013 million shares valued at N1.28 billion in 1,092 deals followed by Zenith Bank with 47.029 million shares worth N1.69 billion traded by investors in 907 deals.

Access Corp traded 44.986 million shares valued at N789 million in 845 deals.

On the value index, Zenith Bank recorded the highest value for the day trading stocks worth N1.69 billion in 907 deals followed by UBA which traded equities worth N1.284bn in 1,092 deals.

Access Corp traded stocks worth N789 million in 845 deals.

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