Connect with us

News

CWG Boss Gives Commencement Speech @ CEIBS Graduation

Published

on

Kindly share this post

The choice of Austin Okere to give the keynote address for the 2012 graduating class at the fourth Executive MBA graduation ceremony of the China Europe International Business School’s Africa Programme at Accra mid-July came as no surprise.

Okere, founder and CEO of the highly successful Computer Warehouse Group, in addition to being a shining example of entrepreneurial success in Africa, has left significant academic footprints in his trial.

He was quite recently appointed as an Entrepreneur in Residence by Columbia Business School, New York.

Okere, guest lectures at the Massachusetts Institute of Technology in Boston as well as the Lagos Business School in Nigeria and the United States International University in Kenya.

He has also facilitated the Lean Launch Pad Block Week with serial entrepreneurs Steve Blank and Bob Dorf, co-authors of the bestselling Start-up Owner’s Manual.

The China Europe International business School, established in 1994 as a non-profit joint venture between the European Commission and the Chinese Government has risen to become one of the best Business Schools in the world today, having made the Financial Times Top 30 worldwide for eight consecutive years.

Professor Pedro Nueno, President of CEIBS, who gave the opening remarks, has also been instrumental to setting up five other Business Schools including IESE in Spain, IAE in Argentina, AESE in Portugal, and IPADE in Mexico.

Over the last few decades, Western business schools have increasingly turned their sights on Africa, with dozens of leading schools launching faculty-exchange programs, sending classes on tours of sub-Saharan Africa, and forging partnerships with local schools.

Now a handful of European, Asian, and U.S. schools are taking their involvement in the African management education scene a step further, setting up their own campuses, helping the continent’s emerging economies develop executive MBA and other degree programs, and setting up academic research centers.

The efforts come at a time when the management education scene in Africa has started to heat up, spurred by a growing middle class that is demanding a more Western-style business school experience, said Guy Pfefferman, chief executive officer of the Global Business School Network, a nonprofit formed by the International Finance Corp. to improve the quality of business education in emerging markets.

Making his remarks, Professor Kwaku Atuahene-Gima executive director of the CEIBS Africa Programme noted that CEIBS opened its Ghana program in 2009, conferring a CEIBS degree with no local academic partner, a distinction he claims sets it apart from most Western schools that have entered Africa.

The first executive MBA class enrolled in March of 2009, with 30 students from Ghana and 10 from Nigeria. This fourth cohort graduated 28 students.

The two-year program costs students around $30,000 dollars, about half of what the same degree would cost outside the continent, Atuahene-Gima said.

There are clearly other advantages of pursuing a local Executive MBA degree; for a start, there is no requirement for a long leave of absence where a return to the job may not be guaranteed.

Moreover, Executive MBA students on the continent maintain the local context in the course of their business study, as well as build the necessary network of contacts that may well be relatively more relevant in the course of their careers.

The rash of business schools into Africa is not without its skeptics though.

According to Walter Baets, Director of the University Of Cape Town Graduate School Of Business, it seems Africa, must brace itself for another wave of colonisation.

This time he contends, it is “western-style” business schools that, after ignoring Africa for decades, are now flocking to its shores with enthusiasm.

Almost without exception, these incoming schools talk about bringing pre-existing European/US models to Africa as if this will be the answer to all of the continent’s problems.

None, it seems, has paused to consider whether Africa really will benefit from what they are offering, or if they are missing an opportunity to create something better. We can achieve more by working together and respecting multiple perspectives than we can by merely replicating past models in new contexts Mr. Baets contended.

There are currently no business schools in sub-Saharan Africa that are accredited by the Association to Advance Collegiate Schools of Business (AACSB), one of the leading accreditation agencies, said Jerry Trapnell, AACSB’s vice-president and chief accreditation officer. In West Africa, only two Business Schools have international accreditations: CEIBS through EQUIS and the Lagos Business School through IESE.

Okere’s key message, aptly titled‘this is our time’, highlighted entrepreneurship opportunities in Africa and the need to urgently equip ourselves to take full advantage.

According to Okere “It is better to have a thousand millionaires than ten billionaires. It is better still to have a million people with access to a hundred thousand dollars, if they can be taught how to nurture and grow it through entrepreneurial endeavor”. He continued, “I like to put the story of the Computer Warehouse Group out there because such success stories contribute immensely to the attraction of capital to the region, which combined with the entrepreneurial acumen and the youthful population unleashes waves of economic boom”.

According to him, Africa has a rapidly growing young population, which could bring a democratic dividend if optimally tapped, or constitute a source of social unrest, if millions of Africans continue to enter the labour market without any hope of employment. Entrepreneurship, he declared, is the catalyst for economic growth as it provides the most viable vehicle for job creation.

His passion for entrepreneurial advocacy he says stems from his desire to see the Human Capital gainfully engaged through sustainable Start Ups rather than chasing non-existent jobs.

To buttress his point, Okere cited a survey of 3,692 MIT alumni who graduated between 1987 and 2007.

The survey results showed that 40% of respondents have started their own companies, with 70% doing so within five years of graduation. 41% of PhD alumni have a patent or invention.

In his view, this could not have been possible without the strong entrepreneurship education and encouragement that America offers.

He charged the fresh MBA Graduates to go out there and leave their footprints in the sands of time, having received the crucial empowerment.

Other Speakers included Mr. Gong Jianzhong, Chinese ambassador to Ghana, Mrs Mary Brown, deputy managing director of Prudential Bank/CEIBS Alumni representative, and Dr Marisa Del Pozo, Professor at  Complutense University.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Published

on

Kindly share this post

Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos Govt

Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.

GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.

Individuals owe N13.5 million to N35 million each.

Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.

More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.

Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.

Pedro urged prompt filings and payments.


Kindly share this post
Continue Reading

News

Beware of Fake Cerelac Products – NAFDAC

Published

on

Kindly share this post

National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

Beware of Fake Cerelac Products – NAFDAC

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.

It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.

NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).

Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.

NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.

It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.

According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.

“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.

“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.

The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.

It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.

NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.

It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.

The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.


Kindly share this post
Continue Reading

News

NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

Published

on

Kindly share this post

The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.

Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.

“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.

Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.

“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.

He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.

“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.

During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.

Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.

“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.

The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.

In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.

Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.

The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.

 


Kindly share this post
Continue Reading

Trending