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ActivEdge Technologies Strengthens Board, Emphasizes Corporate Governance

ActivEdge Technologies, has announced the appointment of two additional directors to the board of the company in a non-executive capacity.

While emphasising the company’s commitment to ensuring robust corporate governance, Founder and Group President of ActivEdge, George Agu, in a statement, said the two new additions to the board would boost the company’s commitment to ensure efficient governance which is important as the company stays strong on its key commitment to excel in efficient services delivery to its clients across the African continent to ensure corporate excellence.
Speaking on the new appointments, Agu said: “We are proud to bring on board, George Njenga and Eneni Oduwole, to complement the board with specific responsibility to enhance and strengthen our corporate standing.
“Both come on the board of ActivEdge Technologies with robust experiences in the academia, as well as corporate level roles, having vast numbers of years in top leadership positions.”
George Njenga is a Kenyan while Eneni Oduwole is a Nigerian.
Njenga, aside from being the founding executive dean and senior lecturer at the Strathmore University Business School, is the chairman of the Board of Golden Valley Livestock Cooperative and Chief of Party, Kenya Small Business Development Centres.
He has a master’s and doctorate degrees in Governance from the University of Navarra, a BSc, and MBA in Business Strategy from the United States International University – Africa.
Oduwole is a seasoned risk and sustainability management strategist with over 25 years of experience.
She has successfully developed and implemented frameworks for enterprise risk management, business continuity and resilience, security management, transport and logistics, and sustainability management.
Her career commenced as a bank examiner with the Nigeria Deposit Insurance Corporation and later to notable pioneering roles such as group head of Operational Risk Management at StanbicIBTC and Guaranty Trust Bank Plc, and deputy group chief risk officer at Dangote Industries Limited.
She also managed other functions such as Compliance, Environmental and Sustainability Management, and Transport and Logistics Management.
Oduwole is the founder and chief executive officer of Alter-Ed Limited, a consultancy firm, specialising in risk, strategy, and sustainability management.
At the same time, she also serves on the governing council of the Chartered Risk Management Institute of Nigeria and The Qualified Risk Directors Governing Council of The DCRO Institute, USA.
With a continuous and progressive career in corporate leadership, Oduwole holds several professional certifications, including Fellowships from the Sustainability Professionals Institute of Nigeria and the Institute of Corporate Responsibility and Sustainability, UK.
A WimBoard Fellow, she holds degrees from the University of Calabar, Pan-African University, and NYU Stern School of Business. She is currently pursuing a doctorate degree from the University of Durham and Emlyon Business School.
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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


EFCC
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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.
News
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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