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UN Empower Women Names Okolo, Lift Saxum Founder Global Champion

Barrister Nwanneka Okolo, founder of the foremost capacity building and skills development NGO in the South East, Lift Saxum, has been nominated a UN Women Empower Women 2016-2017 Champion for Change.
Mrs Okolo is one of 170 persons the UN Empower Women found worthy from over 4000 applicants from across the world. There are about 22 Nigerians on the list.
Lift Saxum is a non-profit organization established to transform the enterprise development landscape and the lives of youth and women in Nigeria, with a focus on the South East. Lift Saxum office is at no 36B Udenweze Street, New Haven, Enugu.
Since incorporation in 2013 the organization has trained over 64 youth and women on their flagship programs, Start Your Own Business (SYOB) and Enterprising Women (EW). It has trained 80 rural women on the Songhai Integrated Farming techniques, homecraft, and life skills. It also sensitized and trained over 300 secondary school pupils on skills acquisition.
Okolo is a barrister and former Business Development Manager and Group Head Public Sector Business Enugu/Ebonyi at First Bank. She is an alumnus of the Obafemi Awolowo University and the Lagos Business School.
Other Nigerians on the list include Adekemi Adeduntan, Adenike Adedeji, Aderemi Bamgboye, and Ajibola Mujidat Oladejo. There are also Anuoluwapo Adelakun, Carol Ajie, Doreen Anene, Evelyn Ifeyinwa Ezeagu, Ezinne Ikejiani and Faith Ayegba. Other Nigerians named UN Women Empower Champions include Immaculata Anudu, Kate Ekanem, Kelvin Chukwuemeka, Kemisola Ajide, and Lilian Ifemuludike. They also include Lydia Olanike Oladapo, Maryann Egwuonwu, Oladimeji Abiodun, and Oluwafunbi Alatise. Others are Tunuola Aina and Uzoma Katchy.
At least two Nigerians appear under United States and Ireland.
UN Women’s Empower Women said the nominees represent “a diverse group of dynamic and enthusiastic women and men from the private sector, civil society, academic and national and international organisations from both developing and developed countries.”
In a statement, the UN Empower Women said: “The nomination of the 170 Champions is the result of a month long online rally with almost 4,000 applicants from all over the world. They campaigned and advocated for women’s economic empowerment by participating in several online activities on EmpowerWomen.org and on social media. As part of the rally, the selected champions have contributed extraordinary stories and resources, and substantive inputs to various online initiatives.
“Over the next four months, the Champions will work in three groups: (1) Advocacy and Social Media; (2) Business Development and (3) Skills Development. They will serve as Empower Women advocates for women’s economic empowerment both online and in their local communities. They will be involved in a series of innovative initiatives such as expanding the Organizational Hub, piloting the Financial Literacy course, and participating in the #BreakTheGlass and #HERstory campaigns.”
The UN Empower Women was launched on 23 September 2013 during the High-Level session of the United Nations General Assembly by Phumzile Mlambo-Ngcuka, Under Secretary General of the UN and Executive Director of UN Women, and Lynne Yelich, Minister of State, Foreign Affairs and Consular, Government of Canada.
Since then, Empower Women has grown into a global movement with more than half a million viewers and over 12,000 passionate and ambitious women and men from the private sector, civil society, academia, governments and international organizations more than 190 countries. Empower Women has also cultivated a global network of 250+ dynamic, influential Champions for women’s economic empowerment from over 60 countries.
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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.
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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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