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Paint Roxettes Names Rachael Okonkwo Brand Ambassador

Nigeria’s wave-making and leading brand in the Paints and Coating industry, Paint Roxettes has signed a six-month brand endorsement deal with Nollywood actress, Rachael Nnenna Okonkwo, popularly known as Nkoli Nwa Nsukka.
The event which took place at Paint Roxettes head office, GRA Enugu, Enugu State was witnessed by the management and staff of Paint Roxettes and a cross section of the media.
Speaking at the event, Arc. Kaycee Orji, Chief Executive Officer of Paint Roxettes, said the company picked the Nollywood diva as its brand ambassador because of the value she will bring to the company adding that the company sees in her, a powerful and veritable tool to raise Paint Roxettes’ product awareness.
“We picked Nkoli as our brand ambassador because apart from the fact that she will bring enormous value to our brand, she is hardworking. This is exemplified in the achievements she has recorded in Nigeria’s entertainment industry, and the fact that she is an inspiration to young Nigerians who watch her on TV screens every now and then. We are proud to have her as our brand ambassador,” Orji said.
He said that as a new paint manufacturing company making waves in Nigeria today, Paint Roxettes unique feature stems from the fact that it is a 5 hightech-in-1 Eco-friendly quality paint company with premium quality paints specifically formulated for Africa.
“Paint Roxettes have been designed with the user in mind and formulated to meet their needs, giving the house a charming effect. Some of the awesome qualities of our paints include being washable, anti-fungi, odorless, etc.
“Even as we are delighted to endorse Nkoli as our brand ambassador, we at Paint Roxettes are also pleased to offer a wide variety of painting services, and hire only the best painters to take care of your residential house. We value both the technical and artistic sides of our job in every Showcase.
“The fact is that how much that kind of passion affects the overall quality shows not only through our 3-year painting warranty but also in our Photo Gallery, featuring the most impressive painting showcases that we undertook this far,” Orji further said.
An elated Rachael Okonkwo, a.k.a. Nkoli Nwa Nsukka said it was an honour for her to work with such a company that has brought in a lot of technology advancement and innovation in the coating industry in the West African sub region.
“Paint Roxettes is a carefully packaged to make a difference. The endorsement today could be compared to a movie perfectly scripted by a wise man from the East. I must say that I am not in any way surprised about the way the product is dominating the market. I wish to pledge here today that I will not disappoint; I will be an ambassador you will all be proud of,” she said.
Rachael Okonkwo hails from Ukpata in Uzo Uwani Local government area of Enugu State, Nigeria. She started acting while she was a child, but due to lack of movie roles she switched career to dancing. She joined Nollywood in 2007 playing very minor roles.
In 2008, she played a Supporting role to Ini Edo and Van Vicker in Royal War 2, also in 2010 alongside Patience Ozokwor and John Okafor in Open and Close 1&2. Her first major role and consequently her breakthrough movie came in 2014, where she played the lead character in Nkoli Nwa Nsukka as Nkoli.
Nkoli hosts an annual carnival which aims at providing free gifts to kids and entertainment to the people. She says it enables her interact with her fans and give back to the society.
In 2015, she hosted the first edition of the children’s Easter Carnival aimed at giving free gifts to kids during the Easter celebration in Enugu. In 2016 the second edition which was held in Onitsha had even more turnout as she was accompanied by fellow actors others to the event.
The 2017 edition which was held in her city of birth, Nsukka was able to gather over 5000 people, featured even more celebrities like Angela Okorie, Nonso Diobi, Slowdog, Ken Erics, Eve Esin and supported by top brands enabled it to be an even bigger event than its predecessors.
Paint Roxettes are technologically-advanced paints that help rooms stay fresher for longer periods of time, reducing interior odours and help improve indoor air quality by reducing airborne VOCs (volatile organic compounds) once the paint has dried.
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AfDB Supports Francophone Africa Start-ups with €6.5M

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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