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Begho, Kshetry to Speak at CFA’s Startups Hangout March Edition

Testimonies are already pouring in from startups who have taken out time to attend such a simple, no-hype meetup, where they listen to exceptional entrepreneurs or top executives share few thoughts based on experience.
In fact, the testimonies do not just end with the startups as the speakers are also excited about the setup, the environment and the event in general.
The speakers for the February edition were Rev. Sunday Folayan, President of NiRA and Mazi Sam Ohuabunwa, Chairman, Sam Ohuabunwa Foundation and both expressed joy at the potentials of this monthly meetup.
CFA’s Startup Hangout is a monthly meetup where startups meet to learn and grow from experiences of successful entrepteneurs and top executives, as well as network with one another.
This March 2017 edition will focus on “Excellence as the key to a Successful Startup”.
It is obvious that a lot of events are happening within the entrepreneurial space, but the CFA’s Startup Hangout is strategically tailored towards bringing the best out of the young and upcoming entrepreneurs.
It is simply a no-holds barred forum where established entrepreneurs and top executives are invited to share their path to success.
With majority of the startups and small business owners going through the recession period, there are still practicable solutions that could help to alleviate the hard times.
This edition of of CFA’s Startup Hangout will, however, feature Nkemdilim Begho, a Nigerian entrepreneur who runs Future Software Resources Ltd, an IT service company with a core focus on Online Solutions, E-Learning and IT Security. It will also feature Atul Kshetry, a successful business mentor who has led IDM Services Plc through a fast track diversification process.
These are two successful entrepreneurs with lots of experiences, capable of transformating any business.
At the moment, we have recorded registrations from many startups and the CFA team cannot wait for the March 2017 edition to kick off, because it sure promises to be explosive.
Frankly, these are indeed trying times to be an entrepreneur, but history has proven that in the face of great difficulties, focused and exceptional people can go on to create life transforming solutions.
If you are a startup reading this post, it is important to note that this is certainly not the time to give up, rather this is the time to turbo on as long as you are not trying to flog a dead horse.
Here is a quote from Mark Zuckerberg that serves as a life-long admonition; “Building a mission and building a business go hand-in-hand.”
One reason we came up with the idea of the monthly hangout is to ensure that we provide an additional platform for young entrepreneurs to succeed and also create an opportunity for more established entrepreneurs looking to add value to lives of young people.
Finally, we believe that you will not miss out this month’s edition, which comes up on the 17th of March, 2017, at Adna Hotel, GRA, Ikeja. The event is free, but registration is required http://startups.cfatech.ng/
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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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