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Phillips, Agbaje, Others to Lead Discussion On RoIs in Uncertain Times

Foluso Phillips, chief executive officer, Philips Consulting Group Nigeria, Segun Agbaje, chief executive officer of GTbank Nigeria Plc are expected to lead a roundtable on change, experience extraordinary growth and increase return on investments (RoIS) in uncertain times.
Today, the Change Leadership Organisation, focused on empowering organisations and leaders across Africa to lead transformational change, announced its exclusive event, The Change Leadership Executive Roundtable, bringing together fifty notable African leaders from the 6th to 8th of July, 2016 at the Ritz Carlton Hotel in Toronto, Canada.
The event will feature the number one global leadership expert, John C. Maxwell, Innovation Expert – Jeremy Gutsche., Honorable Abike Dabiri-Erewa – Senior Special Assistant to the President of the Federal Republic of Nigeria on Foreign Affairs and the Diaspora, Arole Oodua Adeyeye Ogunwusi – Ooni of Ife and Chairman of Gran Imperio Group Nigeria, and Samuel Oboh – 2015 President of the Royal Architectural Institute of Canada (RAIC) who is the first Canadian of African descent to occupy this position in the 108-year history of the Institute, and President of INSPIRARQX, speaking with business leaders in Nigeria and the diaspora who are leading change and innovation and public figures in Africa and Canada.
The event provides the perfect platform to collaborate with other forerunners on how to effectively lead change in periods of economic uncertainties to experience extraordinary growth and drive higher return on investments (ROIs), as well as creating a collective agenda to move the Nigerian economy forward.
The 42 percent decline in the price of Brent crude has sent Nigeria’s economy into a creep with state revenues decimated and the financial markets reeling. As the continent’s biggest economy, the adverse effects on the economies of other countries have been inevitable.
With the world’s current economic uncertainties, how can African business leaders position their organisations to make record-breaking profits?
How did organisations such as Apple with its first iPhone succeed at the height of global recession? How have Microsoft and CNN achieved success despite starting during recessions?
The Change Leadership Organisation believes that for successful change to occur, it takes strong leadership and commitment.
The Executive Roundtable aims to meet these needs and provide a forum to help leaders become effective in driving results that count, increase returns on investment, and create a collective agenda to move Nigeria’s economy forward.
Yvonne Akpoveta, host, Change Leadership, described the ‘The Change Leadership’ as a series of events dedicated to driving positive change in Africa and beyond by empowering leaders and organisations to lead effective and transformational change.
“We believe that everything rises and falls on leadership, and for successful change to take place, it starts with strong leadership”, she said.
‘The Change Leadership’ series is presented by OliveBlue Incorporated, a global Change Management Consultancy and a team of business experts who are skilled in crafting memorable learning and brand experiences.
OliveBlue’s experience and portfolio includes companies such as JP Morgan Chase, British Telecom, Royal Bank of Canada, and GM.
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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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