Logo Year 1 | Edition 2 | 17 June 2015
Africa Business Communities Networking Event | Amsterdam - 23 June 2015. The Amstel Hotel, located at the Amstel River in the heart of Amsterdam, is the perfect location to meet with top business professionals operating in Africa... read more
Smile Communications selects Ericsson for 4G/LTE managed services across all operations

Under the terms of a five-year multi-country managed services agreement, Ericsson  will manage Smile Communications' 4G/LTE networks across all operations. This is the first 4G/LTE managed services contract signed in Sub-Saharan Africa.

Ericsson will provide a fully managed end-to-end service that includes network operations, performance, optimization, field support and maintenance for Smile's LTE networks in Tanzania, Uganda, Nigeria and - later - in the Democratic Republic of Congo (DRC)...

[ Read More ]
Access Infra Africa announces winners of inaugural Access Co-Development Fund
Access Infra Africa (‘Access’) has announced Quaint Solar Energy from Nigeria and Flatbush Solar from Cameroon as the winners of the inaugural Access Co-Development Fund (‘ACF’), a US$ 5 million competition launched in April 2015 to bridge the gap between early-stage African renewable energy projects and the expertise and funding they require to become operational...

[ Read More ]
Afreximbank appoints new President: Dr. Benedict Oramah to take office in September
Shareholders of the African Export-Import Bank (Afreximbank) has appointed Dr. Benedict Oramah to be the next President of the continental multilateral trade finance institution, making him the third President to serve the Bank since its establishment in 1993.

Dr. Oramah’s appointments was one of the key decisions taken during the Bank’s 22nd Annual General Meeting of Shareholders which took place today in Lusaka...

[ Read More ]
[Africa CEO Forum] Are African Banks ready for the Future of Africa?

On a regular basis we consult African CEO's about their views on business. This is Today's Question: Are African Banks ready for the Future of Africa?

Harriman Oyofo, CEO of Mann Safety | Nigeria: "Are African Banks contributing actively to the development of the continent? I would say yes and no because it is a two-fold question from my perspective. Taken from the domestic front, the answer is an unhesitant NO for the simple fact that accessing business growth funding from any Nigerian bank is like the proverbial head of the camel through the eye of a needle... read more

Herbert Rajula,  CEO, Poraeh Investments | Kenya: "There are issues that make this a tricky question. First, that the African bank can truly hold its position in the region’s progress, where we have seen only a few jumping ahead of others e.g. Equity bank. Secondly, the failure to realize the huge opportunities presented by the region's diversification demonstrated (M-Pesa, Kenya) and MTN, Nigeria) gap to tap into and customize solution... read more

Franklyn Jumu, Country Representative Inigmah | Sierra Leone: "The Banking industry across Africa needs to be working towards three interrelated objectives to be ‘future ready’ for Africa: Creating wealth through economic growth, trade and investment | Steadily reducing reliance on foreign aid by tapping into the global markets for capital and making Africa attractive for investments... read more

Read the full forum here ]

Airtel launches smartTALK
In line with its vision of enriching and adding value to the lives of customers through the provision of exceptional experience, leading telecommunications service provider, Airtel Nigeria, has launched smartTALK, a voice based product that offers Nigerians 11 kobo per second call rate to all networks in Nigeria all day and all night...

[ Read More ]
[CEO Interview]: Chioma Okoli-Chima, CEO, Olivet Cloud Solutions

By Andrea Ayemoba. Chioma Okoli-Chima is an engineer and CEO of Olivet Cloud Solutions, Nigeria, with over 10 years’ experience in Software Development, Cloud Computing and ERP Implementation.

Would you please introduce Olivet Cloud Solutions?

Olivet Cloud Solutions is a Nigeria located company that specializes in developing custom and bespoke software solutions. We deploy enterprise resources solutions to large, medium and small organizations across various sectors.

[ Read More ]
Executive Director of Wema Bank, Nurudeen Fagbenro Retires

Wema Bank Plc has announced the retirement of Nurudeen Fagbenro as Executive Director of the bank.

Nurudeen Fagbenro graduated from the University of Lagos in 1985 with a Bachelor of Science degree in Accounting. He joined Wema Bank as an Accounting Supervisor in 1986 and rose to become the Head of Foreign Trade in 1991...

[ Read More ]
Stallone-Obaraemi Samuel: Managing African Economy – The role of Governments and Central Banks

It is justifiable to say that governments need to apply different policies and measures in order to be able to minimise or alleviate economic difficulties they may face. Let us consider a few of them.

Take for instance the UK and US. According to Pettinger ( 2007) Monetary policy is the most important tool for maintaining low inflation.  In the UK, monetary policy is set by the Monetary Policy Committee (MPC) of the Bank of England...

[ Read More ]

Net1 Makes Strategic Investment in Nigerian Consumer Finance Provider One Credit

Net 1 UEPS Technologies, Inc. has announced that it has acquired a 25% interest in One Credit Limited ("One Credit"), a leading Nigerian consumer finance company focused on providing credit to unbanked, salaried Nigerian consumers.

The Company has also agreed to provide One Credit with a credit facility of up to US$10 million in the form of convertible equity-linked loan notes...

[ Read More ]

[CEO Interview] Harriman Isa Oyofo, CEO, Mann Safety, Nigeria
By Andrea Ayemoba. Harriman Isa Oyofo is Chairman/CEO of Health , Safety and Loss Control company, Mann Safety, Nigeria. His interview with Africa Business Communities:

Would you please introduce Mann Safety?

Well, let me start by expressing our thanks to you for this interview which represents a rare opportunity for us to interact at this level and also to spotlight the nature of Mann Associates business, especially its commitment to helping businesses stay afloat in the face of today’s enormous survival challenges.

[ Read More ]
First Millionaire emerges in Skye Bank 'Reach for the Skye Millionaire Reward' Scheme
A businessman residing in Kaduna, Kaduna State, and Mukaila B. Hamza has emerged the first winner of one million naira in Skye Bank’s ‘Reach for the Skye Millionaire Reward’ scheme...

[ Read More ]
Emzor, Nestle, Peugeot are among beneficiaries of Bank of Industry's loans

The Bank of Industry, one of Africa’s most active development banks, has continued to impact the Nigerian manufacturing sector positively through efficient single-digit funding.

Companies that have so far benefitted from the bank’s loans include Emzor Pharmaceuticals Limited, Nestle Nigeria plc, Peugeot Automotive Nigeria Limited, Innoson Technical & Industrial Company Limited, Eastern Metals Limited, UNTL plc, Honeywell Flour Mills, KAM Industries, Lafarge Cement Wapco plc and Dangote Cemen...

[ Read More ]
Business community opts for Glo Enterprise solutions
  Globacom is currently enjoying the trust of the business community in Nigeria as a provider of choice, as the indigenous telecom company has cornered the largest share of the country’s enterprise solutions market...

[ Read More ]
Shell Pushes Bonga To Produce 210,000BOPD By 2017
  Shell Nigeria is activating a ‘Bonga Business Improvement Plan’, to increase output from its sole Deepwater oil field from 148,000BOPD (as of 3rd Quarter 2014), to 210,000BOPD by 2017...

[ Read More ]
We need You to help us to improve African Business Data!
  As we all know the lack of reliable data on African economies is one of the major constraints for the economic growth and foreign direct investment on the continent.

In order to improve African Business Data we have launched the Africa Business Panel.

Over 14,000 people have joined the Africa Business Panel, making it the largest Online Pan-African B2B Market Research Panel...

[ Read More ]

Wanted: Headhunters in Africa

Africa is rising! Our members at Africa Business Communities recognize the growth, but also say that it is difficult to find the right high-level candidates to match the rise. Here is where ABC wants to help. Are we getting engaged in executive recruitment?

No, but we would like to help effectively connecting companies in need for highly qualified talents with the executive search firms that are best equipped to find them...

[ Read More ]
Africa Business Communities is launching Africa Germany Business Communities

Africa Business Communities is launching the LinkedIn group Africa Germany Businsess Communities.

You are more than welcome to join this LinkedIn group.

You can join by clicking here.

You are also welcome to join:

Accra Business Club

Kumasi Business Club

Ghana CEO Network

Ghana Oil & Gas Industry

Ghana Import Export Trading

Ghana Banking Network

Ghana ICT Network

Ghana Media Network

Ghana Food & Retail

Ghana Job Brokers

Click here for a complete overview of our 180 LinkedIn groups and join your favorites

Do you want to advertise in this newsletter?

Advertising in this newsletter makes you reach over 10,000 business professionals in Nigeria.

Publishing your content in our Nigeria related LinkedIn Groups will give you access to over 100,000 business professionals in Nigeria.

If you think this might be interesting to your company, just drop me a line...

Bas Vlugt
Founder Africa Business Communities

And dont forget to send us your press releases!

OK, you don't send press releases but you want to. Now what?

In that case, drop me a line too. We are good (promise):

Africa Business Communities Networking Event | Amsterdam - 23 June 2015
  The Amstel Hotel, located at the Amstel River in the heart of Amsterdam, is the perfect location to meet with top business professionals operating in Africa.

[ Click here for more information - the participants list and registration ]


Nigeria Business Communities NEWS is a publication of Africa Business Communities


Publisher/Editor in Chief: Bas Vlugt

Editors: Linda Larbie, Afia Owusu-Nyantakyi, Andrea Ayemoba

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