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CNBC Africa Honours Late GTBank MD, Others

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CNBC AFRICA is to honour the Late Tayo Aderinokun (Former MD, GTBank), Funke Opeke, Chief Executive Officer, Main One Cable Company  and other prominent Nigerians at this year’s All Africa Business Leaders Awards (AABLA).

The final ceremony of the awards will take place at the Vodadome in Midrand, South Africa on Thursday, October 25.

The awards, which are being celebrated this year in the different regions of the continent, will honour winners from West Africa, East Africa and Southern Africa. 

The late Aderinokun was nominated posthumously for Lifetime Achievement Award while Opeke was nominated for Business Woman of the Year.

 Other Nigerians are also in the running to pick awards from different categories.

Rakesh Wahi, the founder of the ABN Group, said: “All Africa Business Leader Awards is a recognition and tribute to African Business Leaders who have made a qualitative and quantitative difference to the companies, industries and communities that they serve. Supported by the CNBC brand and through an exhaustive process of diligence by KPMG, these awards will be the most coveted in the African Continent.”

 
Other finalists nominated in other categories are Business Leader of The Year sponsored by Telkom: Phakamani  Hadebe , CEO, Landbank, James Mwangi, CEO, Equity Bank  and Mitchelle  Elegbe, CEO/ MD, Interswitch.

In the Entrepreneur of The Year sponsored by the IDC: Jannie  Mouton, CEO, PSG Group, Vimal    Shah, CEO, Bidco Group  and Ernest  Azudialu-Obiejesi, CEO & President, Nestoil were nominated.

On the Young Business Leader of The Year Category, Jack Kayonga, MD, Rwanda Development Bank and Elikem Nutifafa, MD, Oxford and Beaumont, were nominated Jennifer Barassa, CEO, Top Image Ltd, was nominated alongside Funke Opeke in the Business Woman of the Year category while Lauritz Dippenaar, Non-Executive Chairman, Firstrand and Manu Chandaria, Comcraft were nominated alongside Tayo Aderinokun (Former MD, GTBank) for the Lifetime Achievement Award.


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Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

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Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,

This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.

While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.

Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.

It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.

Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.

Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.

 

 

 

 

 

 

 

 

 


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As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.

It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.

“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.

The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.

Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.


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President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

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President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.

The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.

“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.

Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”


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