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Aganga, Others to Speak @ Dubai Global Business Forum

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Dr. Segun Aganga, Nigeria’s  minister of Trade and Investment; Alhaji Aliko Dangote, President of the Dangote Group; and Hekeem Bello-Osagie are amongst top Nigerians expected to speak at the Africa Global Business Forum holding in Dubai, United Arab Emirates.

The forum organised by Dubai Chamber of Commerce and Industry in cooperation with the COMESA Regional Investment Agency (RIA) will hold May 1-2 and will be attended by over 2,000 delegates from a large number of African bloc countries.

According to the Dubai Chamber, the forum tagged “Africa Global Business Forum 2013 – Dubai-COMESA’” has the theme” Bridging the Continent to the World”

Under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister and ruler of Dubai, the forum will explore investment opportunities in Africa while highlighting the strategic role of Dubai as a world-class hub for connecting to Africa.

It will provide a better understanding of the investment opportunities and advantages associated with doing business in the African Continent.

Additionally, the participants will be able to identify the frameworks which drive growth and contribute to a favourable business environment, whilst networking with key industry peers.

The forum will host African decision makers and local speakers prominent among them being Sultan Al Mansouri, UAE minister of Economy; Reem Al Hashimy, UAE minister of State and managing director of Expo 2020 Dubai; Sindiso Ngwenya, secretary General COMESA, Zambia, as well as top Dubai and global company officials.

Hamad Buamim, director general, Dubai Chamber, said that the forum will attract global business leaders with current and potential investments in Africa while highlighting the role of Dubai as an international hub for business in and out of COMESA and Africa.

“It also aims to identify the appropriate frameworks which lead to mutually beneficial and fruitful business relations with the African Continent and economic growth while enlightening the private sector on the major positive changes which have taken place in COMESA member states and African countries in terms of business and investment climate and the reforms which have made them possible” he said.

Buamim further stressed that Dubai recognises Africa as an important emerging market and would like to capitalise on the opportunities presented for bilateral investment and trade.

“The promising markets of Africa are our priority and Dubai Chamber’s focus on the African Continent will support the competitiveness of Dubai’s business community in the overseas markets” he said.

Buamim called upon Dubai businesses to benefit from Africa’s large economic community that offers an immense scope for bilateral trade making it a lucrative and important business destination.

The Forum will offer a platform to over 2,000 policy-makers and global business leaders from Africa, the GCC, Asia and Europe and beyond to discuss current challenges and business opportunities in finance, agribusiness, logistics, and trade across the economic blocs of the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), the South African Development Community (SADC), the Indian Ocean Commission (IOC), the Economic Community of West African States (ECOWAS), Economic Community of Central African States (ECCAS), and Intergovernmental Authority for Development (IGAD).

The presence of Supreme Committee for Expo 2020 as a strategic partner adds to the value of the forum as this will help promote Dubai’s bid for the Expo 2020 amongst the top African officials and ministers as well as the participants who will come face to face with the capability of Dubai to successfully host the global event on its shores.

The African Global Business Forum 2013 also offers a unique opportunity to participate in interactive discussion sessions with eminent speakers while allowing participants to meet leading business leaders from Dubai and the African continent to discuss joint cooperation in the areas of trade and financial services, logistics, tourism and marketing of agricultural products.

The Forum will highlight the growing profile of the Continent as an attractive destination for investment and its diversifying economies which offer an immense scope for bilateral investment and trade making it a lucrative and important business destination. Home to seven of the 10 fastest growing economies in the world and with a population of over 1 billion people, a combined GDP of close to US$2trillion, Africa’s economic growth in recent years has made it a region of international focus.

Emirates airline, which is the official carrier for the delegates, will help promote the reputation of the emirate as a centre of trade and finance while enhancing the importance of the forum as an ideal platform for joint cooperation between Dubai and the African Continent.

The Forum follows the success of the 4th COMESA Investment Forum in Dubai from March 23 to 24, 2011 which was attended and held under the patronage of H.H. Sheikh Mohammed Bin Rashid Al Maktoum UAE Vice President and Prime Minister and Ruler of Dubai. More than 1,500 participants from over 80 different countries visited the conference as well as 14 senior ministers and leading personalities representing some of the largest businesses in Africa and the world


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Uche Ikejimba Secures Sixth Consecutive AMVCA Nomination With Best Unscripted M-Net Original Nod

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Uche Ikejimba, Award-winning producer, has secured her sixth consecutive Africa Magic Viewers Choice Award nod. The organizers made the nomination announcements on Sunday, March 24, 2024, across all Africa Magic channels. It saw Ikejimba clinch a nom in the ‘Best Unscripted M-Net Original’ category for What Will People Say.

In 2022, Ikejimba received two nominations for ‘Best Africa Magic Original Drama Series’ for Unmarried and Dilemma. She secured two other nominations in 2023 in ‘Best Unscripted Original’ for Come Play Naija and ‘Best Original Drama Series’ category for Unmarried.

Speaking about her latest nomination, Ikejimba said, “I’m very humbled and beyond grateful to be receiving my sixth consecutive AMVCA nomination. Anyone who knows me will acknowledge that I often put my blood, sweat and tears into the shows I produce. After Truth won its nomination in 2020, I’ve been holding on patiently for a second win and I hope this is the year. So, here’s my hearty congratulations to my fellow nominees and a huge thank you to the AMVCAs organisers for honoring me.”

Ikejimba is one of Africa’s most-sought after serial producers, and has earned herself the title, ‘Reality TV Series Savant’, with work on 100% Naija, Vodafone Icons, Naija Sings, Calabar Festival Diaries, Big Brother Reunion, Shoot Your Shot, What Will People Say, Come Play Naija, and the more recently airing Husband Material and Overall Best.

She came into the world of Television production as an associate producer on Moments with Mo, the first and only syndicated daily talk show in Africa at the time. However, she has also proven that her talents go beyond producing reality shows or unscripted serials, and she can run with the best in producing original drama series.

In 2016, she landed her first commissioned project with Africa Magic titled Hustle. The series about a young man’s first time in Lagos became an instant hit and ran for three seasons, with 360 episodes. She created, wrote and produced Blink’s original 26-episode drama series titled Truth. The show won an AMVCA for ‘Best TV Series’ in 2020. That same year, she produced and wrote the hit series, Unmarried. The show ran for four seasons and ended on a high.

Off the success of these drama series, she produced Africa Magic’s Dilemma, a 260-episode telenovela. She produced Shallow and the recent Africa Magic fanfavourite original, Manfriend. The show follows the women of the King family and their dysfunctional relationship with the men in their lives. She also produced Showmax’s first original law limited series, AGU in 2023. Her first feature length film, Phantom is a co-production and is also nominated for several awards such as the Toronto International Nollywood Film Festival (TINFF).

Uche Ikejimba has beaten many odds to become a producer and remained steadfast in her commitment to producing the best shows Africa has ever seen. As the continent prepares for the milestone 10th AMVCA, the Reality TV Series Savant and producer extraordinaire is content to celebrate her sixth consecutive nomination. Find out if she clinches her second AMVCA win when the awards air live across all Africa Magic channels on May 11, 2024.


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Banks Close 2m Accounts over BVN, NIN, Others

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Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number (NIN).

Banks Close 2m Accounts over BVN, NIN, Others

This is contained in a report by the Nigerian Interbank Settlement System (NIBSS), which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.

A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.

However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.

Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number (BVN), and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.

According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.

 

Credit: Vanguard

 

 


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Dubai-Based Citizenship Firm Imperial Citizenship Expands to Lagos, Targets Africa’s Growing Wealth

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Imperial Citizenship, a Dubai-based firm specialising in Citizenship and Residency by Investment (CRBI) solutions, has set its sights on Africa’s burgeoning wealth with the launch of a new office in Lagos, Nigeria.

This strategic move positions Imperial Citizenship to capitalise on the continent’s growing population of high net worth individuals (HNWIs) seeking international investment and mobility options.

Imperial Citizenship boasts a proven track record of success, having secured over 2,000 approvals for clients seeking alternative citizenship and residency pathways. Their partnerships with over 15 governments worldwide provide a diverse portfolio of investment opportunities that adhere to strict international regulations.

With its Lagos launch, Imperial Citizenship begins its foray into Africa. The continent boasts a burgeoning HNWI population, according to PwC, presenting a lucrative market for investment firms like Imperial Citizenship.

According to the World Bank, African economies are projected to grow by 3.4 % in 2024 as the African Development Bank Africa has reported that Africa will account for eleven of the world’s 20 fastest-growing economies in 2024. Highlighting the market’s potential, Mr. Zaid Al Hindi, Founder and CEO of Imperial Citizenship, says, “our expansion into Lagos allows us to directly cater to this affluent segment, offering them strategic solutions for global asset diversification, optimised investment opportunities, and enhanced global mobility.”

“At Imperial Citizenship, we do not operate through intermediaries, as we differentiate ourselves through direct government partnerships. This ensures transparency, legality, and efficiency throughout the application process, providing peace of mind for investment-minded clients” Zaid stated during the launch event in Lagos.

Speaking on the company’s approach to CRBI, Zaid mentioned, “At Imperial Citizenship, we prioritise a client-centric approach. We go beyond simply offering programs; we provide dedicated advisors who understand the unique needs and aspirations of each client. This personalised service ensures clients receive tailored investment options that align with their financial goals and risk tolerance”.

The launch of the Lagos office underscores Imperial Citizenship’s commitment to global expansion. With physical offices in Dubai and now Nigeria as well as operational representatives in Mexico, Algeria, and Turkey, Imperial Citizenship demonstrates its ability to cater to a geographically diverse clientele.

Looking ahead, Zaid highlighted that Imperial Citizenship plans to broaden its service offerings and expand its reach into new markets. By strategically targeting Africa’s rising wealth, Imperial Citizenship is well-positioned to solidify its role as a leading player in the CRBI industry, offering investors a gateway to global opportunities.


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