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LBS unveils date and speakers for upcoming African Business Conference

The Africa Business Conference is an annual forum that targets business leaders, financiers, and policymakers across Africa and the world, as well as investors seeking to do business in Africa

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LBS unveils date and speakers for upcoming African Business Conference

The Africa Business Conference is an annual forum that targets business leaders, financiers, and policy makers across Africa and the world , as well as investors seeking to do business in Africa, with the aim of generating insights and gaining mindshare on trends in Africa that would affect doing business in Africa and propel the continent to the forefront of advanced economies in the world.

The conference is aimed at creating a platform for thought leaders to come together to chart a course forward for Africa to serve as a platform to foster networking between industry leaders and business men in Africa.

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The conference has been hosted by the MBA class of the Lagos Business school since 2013. This year, in tune with the aim of the conference, the MBA hosted an earlier conference themed “Opportunity Realisation in Africa”, to set a tone for the intentional realization of goals for the year.

With the introduction of the 2018+ edition, the 7th installment is themed “Human Capital: The Key to Africa’s transformation”.
This second installment for the year came as a reaction to the pulse of the business environment and the people who make up this environment. The humans are the lifeblood of any venture first, before the idea and the finances. It is increasingly becoming apparent that as a people, Africans are the most valuable resource available in the continent, often overlooked or unappreciated.
With this conference, we aim to have conversations on why we are unable to efficiently harness this strength as a continent, as a people.

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There is scheduled an array of key note speakers from notable works like the Nigerian Stock Exchange and the Nigerian government, as well as the international community as well as several break out panels, so that irrespective of the corner of the earth where you play, there is enough audience to your questions.

The conference true to its interest in people began with a social network campaign, celebrating Africans who have passionately worked on their interest in humanity, sharing their stories with the tag “Building my African dream”, found on social media with the hashtag #BMAD.

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Further information on the conference, its panel speakers and available panels can be found on the official website, and through our social media accounts on Twitter and Instagram.

Patricia

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

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BUA Cement set to establish ultramodern 3million cement plant, 50mw power plant in Adamawa

BUA is Nigeria’s second-largest cement producer by volume with cement plants in Sokoto and Edo States.

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BUA Cement, One of West Africa’s largest Cement companies has announced that it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria. This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri in the Government House, Yola.

Speaking during the visit, Abdul Samad Rabiu said preliminary findings show that the two local governments of Guyuk and Lamurde are reputed to have good quality of limestone deposits and BUA Cement is ready to begin the investment in the state. He added that the BUA will use new technologies to supply power to the proposed cement plant and communities of Guyuk and Lamurde in addition to providing three thousand direct and five thousand indirect jobs.

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READ ALSO: BUA, CBMI sign agreement to build New 3million Kalambaina Cement II Plant in Sokoto

The Chairman stressed that the Guyuk Cement Plant will be the major investment in the North-East by BUA and solicited for support of Governor Umaru Fintiri to set up the factory in Guyuk. Rabiu said the company made a decision to source its raw materials locally and it has invested billions of dollars in various sectors across Nigeria and therefore urged the state government to support BUA to actualize the Guyuk Cement project.  In addition, he praised the commitment of the governor within one year in office in many sectors of development despite the economic challenges in Adamawa.

Responding, Governor Ahmadu Umaru Fintiri said his administration’s effort in exploring local contents has started yielding results and thanked BUA for showing interest in establishing the cement plant in Guyuk. He further assured the management team of BUA that government will make whatever is needed and provide the necessary support which will create enabling environment so that the BUA Cement company in Guyuk will become a reality.

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He also expressed readiness of the government to protect the investment once it is established and told them that his administration will maintain the good relationship with the company for the benefit of the state.

BUA is Nigeria’s second largest Cement Producer by volume with cement plants in Sokoto and Edo States. The Company’s newest plant in Sokoto is expected to be operational in 2021. When completed, the Guyuk Cement Plant will bring BUA’s total capacity to 14million metric tonnes per annum.

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Investment One’s Dollar Fund offers Investor comfort amid FX uncertainty

The fund is regulated by the Securities and Exchange Commission and in accordance with regulation.

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With a minimum of $500, investors seeking to hedge their savings against currency risk can invest in Vantage Dollar Fund (VDF)managed by Investment One Funds Management Ltd and would earn a steady return on their investment. The pool of funds will be invested in Nigerian originated dollar-denominated assets including sovereign and corporates, the firm said.

Since launched in 2018, the Vantage Dollar Fund has awarded investors, a good value for their money both in terms of interest income and capital appreciation.

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The Dollar Fund is an open-ended fund, meaning investors can continuously make additional investments in multiples of $1.00 to their already subscribed units.

It has a minimum holding period of 180 days and a redemption cycle of T+5 (payment is made not later than five business days after an investor submits a redemption form).

The fund is regulated by the Securities and Exchange Commission (SEC) and in accordance with regulation, it has an independent trustee and custodian.

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As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has continually impacted the country’s exchange rate and brings to the table conversations around devaluation of the local currency as was the case in 2016 when the local currency devaluation led to a more than 50 percent decline in the dollar value of investors naira assets.

Diversification of investment portfolio between naira and dollar assets has proven to be a superior investment strategy as it helps in saving to further dollar obligations such as vacation, schooling amongst others.

The Vantage Dollar Fund by the financial services firm, is one of such funds that seeks to protect investors’ assets against currency risk, as the investment is dollar-denominated.

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For flexibility, the firm noted that investors who might have need for their monies within the minimum holding period, to be allowed redemption during the minimum holding period subject to a 15 percent charge on the positive total return on the units being redeemed on the day of redemption.

According to Investment One, who is the fund manager, every unit holder shall be entitled to receive an electronic certificate for the number of units purchased by such unit holder, and this electronic certificate shall be conclusive evidence of the number of units held.

These investors are sure of enjoying numerous benefits including capital appreciation, competitive returns diversified portfolio; and regular and steady income stream, that is independent of policy changes in the economy.

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Rivers, Kwara, receive 6 ambulances, food supplies and N100million each from BUA for COVID-19 intervention

BUA Foundation said the donations are intended to assist both governments in fighting the pandemic.

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Rivers, Kwara, receive 6 ambulances, food supplies and N100million each from BUA for COVID-19 intervention

The Rivers and Kwara State governments have commended BUA Group through its philanthropic arm, BUA Foundation for its support to both states in assisting in their fight against COVID-19. This came as BUA donated 6 ambulances, food supplies and 100million Naira each to both states.

 

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Khalifa Rabiu, Executive Director, BUA Foundation addressing Nyesome Wike, Governor Rivers State during the presentation of 3 ambulances to the state Government to help fight the Coronavirus Pandemic.

Speaking while presenting the ambulances to Nyesome Wike, the Rivers State governor in Port Harcourt and his Kwara State counterpart, AbdulRahman AbdulRazaq in Ilorin, representatives of BUA Foundation said the donations are intended to assist both governments in fighting the pandemic to a standstill as number of cases continue to rise in Nigeria.

READ ALSO: COVID19 UPDATE: Jigawa, Sokoto states receive ambulance from BUA Foundation

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On his part, Governor Wike praised the sustained support from BUA Foundation to the Rivers State government. He also revealed that the company has made a donation of 100million as well as 4,000 cartons of pasta for which the State remained grateful

L-R: Khalifa Rabiu, Executive Director, BUA Foundation and Nyesome Wike, Governor of Rivers state at the presentation of 3 ambulances to the Rivers Government to help fight the Coronavirus Pandemic in the state.

READ ALSO: Caverton Helicopters Ltd explains incidents that led to shutdown of its Rivers’ offices

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Also, Governor AbdulRahman thanked Abdul Samad Rabiu, the Executive Chairman of the Group for the ambulances and the 100million Naira donations to Kwara state which will further strengthen the state’s fight against the pandemic. He also added that the donations will be used judiciously.

Since the start of the pandemic, BUA has committed about 20million dollars to various efforts to tackle the virus within Nigeria.

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