General News
She Leads Africa Hosts Most Talented Women Entrepreneurs Show
She Leads Africa, a social enterprise dedicated to fostering the spread of business growth and ideas in Africa, is hosting its inaugural Entrepreneur Showcase.
The Entrepreneur Showcase holds on September 20, 2014, at Terra Kulture in Victoria Island, Lagos and will provide female entrepreneurs the opportunity to pitch their business ventures to a panel of potential mentors and investors and compete for cash and prizes.
Founded in 2014 by Yasmin Belo-Osagie and Afua Osei, young women passionate about female entrepreneurship in Africa, She Leads Africa is a platform that looks to empower female entrepreneurs in the continent.
They have identified unequal access to education, cultural stereotypes, limited networking opportunities and limited access to finance as the 4 key barriers preventing women from taking part in Africa’s growth story.
With an acceptance rate of less than 3%, ten entrepreneurs were selected from the list of almost four hundred applicants from twenty seven countries.
Prizes for the winners include financial prizes of US$10,000 and US$5,000 to the winner and runner-up, respectively, as well as non-financial prizes such as phones and tablets, brand consultation, free office space, access to prominent venture capitalists and angel investors, and additional tools needed in order to expand their existing start-ups and achieve their business dreams.
“We are incredibly excited about the finalists for the inaugural She Leads Africa competition,” said Yasmin Belo-Osagie, the co-founder of She Leads Africa.
“These finalists represent some of the best and the brightest entrepreneurial talent in Africa, and we look forward to seeing the outcome of the competition.”
“Starting a business is challenging for any young person in Africa and at times the challenges can multiply for young women,” said Afua Osei, the Co-Founder of She Leads Africa.
“Access to education, financing, and useful networks are limited, and cultural stereotypes can curtail a woman’s ambition. She Leads Africa’s vision is to provide entrepreneur development, networks and funding for promising female entrepreneurs who have the ambition and drive to be the business leaders of tomorrow, building companies that will become pan-African and global leaders.”
She Leads Africa’s 10 finalists will have a month long period of business consultancy with key figures in the private equity, management consulting, and financial industries.
These mentors will work hand in hand with the entrepreneurs on their business plan development, go to market strategy, financial modelling and pitching skills before the showcase.
“Africa as a whole is poised for greatness, with significant potential for wealth,” further commented Afua Osei. “With the guidance and mentorship of those that have become proven successes in their fields, we can make sure that this new period of growth creates opportunities in new sectors and for a new generation of Africans.”
This year’s adjudication panel will include notable business people, including, Hakeem Belo-Osagie: Serial entrepreneur and Africa’s 34th wealthiest man. Mr Belo-Osagie currently sits on the global advisory board for the Council of Foreign Relations and the Brookings Institute and Ngozi Edozien: Founder of InVivo partners and non-executive director at Barloworld, PZ Cussons, and Vlisco. Ms Edozien is also the former head of West Africa for emerging market focused PE fund Actis.
Bola Adesola, chief executive officer of Standard Chartered Nigeria and a member of the Aspen Global Leadership Network, will also be there.
This year’s showcase features female entrepreneurs across a broad range of sectors: retail, manufacturing, e-commerce, information technology, and transportation.
Finalists come from across the continent and diaspora, including Nigeria, Ghana, Morocco, South Africa, United Kingdom and the USA.
The competition will place a spotlight on the women that are driven to developing Africa’s growth story through fostering commerce.
Founded in 2014 by Afua Osei and Yasmin Belo-Osagie, She Leads Africa is a platform that provides the most talented female entrepreneurs across the continent with access to the knowledge, networks and financing needed to build and scale strong businesses.
She Leads Africa aims to jumpstart female entrepreneurs from Small to Medium Enterprises (SMEs) to pan-African industry leaders, and to become a staple of the African investment community.
General News
FCCPC, NCC Ink MoU to Protect Nigerians from Exploitative Practices
To safeguard telecom consumers and streamline regulatory operations, the Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Communications Commission (NCC) have signed a Memorandum of Understanding (MoU).
The agreement, finalized on Tuesday in Abuja, establishes a unified approach to addressing telecom-related issues, benefiting both consumers and operators while enhancing collaboration between the two regulatory bodies.
The MoU was signed by the Executive Vice Chairman/Chief Executive of the FCCPC, Mr. Tunji Bello, and the Executive Vice Chairman/Chief Executive of the NCC, Dr. Aminu Maida.
Speaking at the event, Mr. Bello emphasized the importance of the partnership, aligning it with President Bola Tinubu’s vision of promoting economic growth through regulatory collaboration, market efficiency, and prioritizing consumer welfare.
“This partnership will benefit both operators and consumers. It will foster harmonious collaboration between our organisations, streamline operations for telecom operators through a one-stop-shop approach, and ensure robust consumer protection, fair competition, and the eradication of exploitative practices,” Bello stated.
He highlighted the MoU as a critical milestone, noting that it represents the convergence of two diligent regulatory agencies to eliminate gaps in oversight while complying with legal requirements.
He called on other sector regulators to emulate this framework as mandated by Section 105 of the FCCPA.
Dr. Aminu Maida, the NCC’s Executive Vice Chairman, described the agreement as the result of extensive engagements aimed at protecting Nigerian consumers, especially within the telecom sector.
“In an era of rapid technological advancements, the significance of collaboration between regulatory bodies cannot be overstated.
“The telecommunications sector has become the cornerstone of Nigeria’s economic and social development, making it imperative to ensure a level playing field for all stakeholders while protecting consumers who depend on reliable and affordable communications services,” Maida said.
He added that the MoU symbolizes a shared vision of fostering a transparent, competitive, and consumer-focused telecommunications industry. By aligning efforts, the NCC and FCCPC aim to avoid regulatory uncertainty, promote clarity, and further the Federal Government’s Ease of Doing Business objectives.
The agreement also underscores the necessity of synergy in addressing challenges such as market abuses, consumer rights violations, and the complexities of a digital economy.
Maida commended the FCCPC’s leadership for its dedication to consumer protection and fair competition and urged all stakeholders to embrace the spirit of collaboration represented by the partnership.
“This MoU ensures that our respective mandates are harmonized to achieve maximum impact. Together, the NCC and FCCPC can drive innovation, inclusivity, and sustainability in Nigeria’s telecommunications sector and beyond,” Maida concluded.
The signing of this MoU marks a pivotal step in protecting telecom consumers and fostering a robust telecommunications ecosystem in Nigeria.
General News
FG Rolls Out Digital Literacy Programme for Federal Civil Servants
In a bid to enhance the skills and competencies of government employees in navigating digital tools and technologies, the Federal Government has launched a digital literacy training programme for federal civil servants. This initiative is a collaborative effort between the National Information Technology Development Agency (NITDA) and the Office of the Head of Civil Service of the Federation.
The programme aims to equip civil servants with the necessary skills to effectively utilise digital technologies, thereby improving their productivity and efficiency. This is particularly important as digital transformation is fundamentally about people, and having a workforce that is proficient in digital tools is crucial for driving economic growth and development.
The Director General, of NITDA, Kashifu Inuwa, at the launch of a 3-day workshop on digital literacy training and certification for federal civil servants in Abuja, emphasised that digital transformation is a journey, not a destination, and it is fundamentally about people, not technology.
He stressed that without the active involvement and engagement of individuals, technology alone will not drive meaningful change. He said, “Technology makes our lives better, the government cannot accomplish that without you, as you are the one who creates the policies, designs the services, and delivers them to citizens”
The NITDA boss revealed that to reach the ambitious goal of 70% digital literacy by 2027, NITDA has launched an innovative initiative called Digital Literacy for All (DL4ALL) aims to empower Nigerians with essential digital skills, making them digitally literate and proficient in navigating the digital landscape.
He said, “The first initiative to work with the Ministry of Education to develop digital literacy skills curriculum has been approved and we started the implementation this month.
“We are working now on training all teachers and collaborating with National University Commission, National Board for Technical Education, and National Commission for Colleges of Education, to infuse it in all tertiary institutions curriculum.
“The second one is working with NYSC to recruit 80 champions in each NYSC stream, every year we will train at least Ten million and three hundred thousand Nigerians on digital literacy. And the third one is the workforce readiness. According to world Bank, by 2030 between 35 to 45 percent of work in Nigeria will need digital competency,” he added.
The representative of Head of Service of the Federation and Permanent Secretary, Career Management Office, Mrs. Fatima Sugra Tabi’a Mahmood, emphasised the importance of transforming the civil service into a dynamic, technology-driven, and globally competitive workforce, adding that the vision is a cornerstone of the Federal Service Commission’s strategy and implementation plan, which prioritises the journey towards a digitally literate civil service.
She maintained that the workshop is not just a training exercise, but a pivotal opportunity to shape the future of Nigeria’s public service. “By acquiring cutting-edge tools and knowledge, participants will be empowered to deliver their mandate more effectively, driving meaningful change and progress in the country, she averred.
While acknowledging that the partnership between the Office of the Head of Service of the Federation and NITDA, serves as a shining example of collaboration in achieving shared goals, she expressed her gratitude to NITDA and other participating organisations for their roles in bringing this vision to life.
“This collaboration underscores the importance of working together to harness the power of digital technology and drive meaningful change in Nigeria’s public service,” she added.
General News
Enterprise Development Fund Launched to Bridge Capital Access Gap
Godman Akinlabi, Leadership coach has launched the Godman Akinlabi Enterprise Development Fund to bridge capital access gap for entrepreneurs.
This initiative followed a recent report by the International Trade Centre (ITC) that the vast majority of Nigerian SMEs remain underfunded, with only 15 percent able to access formal credit.
Akinlabi who unveiled the fund in commemoration of his 50th birthday celebration in Lagos, stated that the fund, initially endowed with N50 million would financially empower faith-based entrepreneurs, drive innovation, and champion sustainable business practices.
He disclosed further that the fund was a realisation of a long-held vision to raise leaders who will build profitable enterprises, transform industries, and inspire tangible change.
“I believe true leadership is not just about personal success but about creating platforms for others to thrive. This Fund is that platform: a vehicle to empower courageous, faith-driven entrepreneurs to break barriers, innovate boldly, and redefine the future of business,” he added.
The fund will offer seed capital ranging from N250,000 to N2,000,000 for small and early-stage businesses, as well as growth capital of up to N5,000,000 for enterprises with proven potential. Beneficiaries will also receive mentorship and strategic guidance to ensure they are well-equipped to navigate business growth.
“By equipping individuals with resources, mentorship, and opportunities, we are not only creating economic prosperity but also fostering a legacy of leadership and positive impact that will reverberate across generations,” he reckoned.
Also held on the sidelines of the launch of the fund was an exclusive leadership lecture featuring renowned thought leader, Leke Alder.
Akinlabi remarked that the lecture underscores the importance of visionary leadership, ethical governance, and strategic innovation in creating a sustainable and prosperous future.
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