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Appointments

Tripple Gee to pay final dividend, appoints new MD 

Tripple Gee and Company Plc has resolved to pay a final dividend of 5 kobo per ordinary share of 50 kobo to its shareholders.

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Tripple Gee to pay final dividend, appoints new MD 

Tripple Gee and Company Plc has resolved to pay a final dividend of 5 kobo per ordinary share of 50 kobo to its shareholders for the financial period ended Sunday, March 31, 2019. The decision was made at the company’s recently held 29th Annual General Meeting (AGM). 

The dividend had earlier been announced to be paid to shareholders whose names appeared on the Register of Members as at Friday, August 30, 2019. 

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During the AGM, the shareholders of Tripple Gee approved the appointment of Adebimpe Giwa as the company’s new Managing Director.  

[READ MORE: 2018 FY: Flour Mills’ shareholders unanimously endorse N4.92 billion dividend]

What you should know: Giwa, the wife of the late founder and Managing Director of the company, Chief Gbadebo Giwa, is an astute administrator with many years of experience, having worked in various sectors like the oil and gas, packaging and security printing, import and export. 

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Giwa had served as the company’s General Manager (packaging) between 2007 and 2014. She left Tripple Gee in 2014 to manage AN-BOS Nigeria Limited, a trading company with a penchant for the supply of raw materials to Unilever Plc, Nasha Limited and Dala Foods. 

She is a graduate of English from the Lagos State University and has a master’s degree in public administration from the same varsity. She also obtained another master’s in marketing from St. Edward’s University, United States of America. 

Giwa returned to Tripple Gee as an Executive Director after the demise of the founder in 2018. 

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According to a statement by the company, Giwa’s being at the helm of affairs of the company saw an increase in turnover by 149% within the first six months, with the trend growing. 

[READ ALSO: Access Bank’s shareholders to get N9 billion interim dividend]

About the company: Tripple Gee is a manufacturer of financial instruments, secure and commercial documents, labels and flexible packaging materials. 

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The company is currently trading 57 kobo on the Nigerian Stock Exchange (NSE). 

 

 

Patricia

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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Appointments

Vodacom Nigeria gets new MD

Vodacom Business is a leading pan-African telecommunications provider wholly-owned by the Vodacom Group.

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Vodacom Business (Nigeria) Limited has appointed Mr Valentine Chime as the Managing Director of its operations. According to a statement from the company on Monday, the appointment is at the instance of the board of directors.

He will now drive the company’s vision of becoming Africa’s leading cloud and digital service provider, the statement read.

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Prior to this appointment, Valentine Chime was with Aruwa Capital, a private equity company investing across West Africa. He also worked at Kaizen Venture Partners, a private equity company focused on distressed assets. He has held various C-suite positions in a number of portfolio companies in different sectors.

Chime expressed his enthusiasm to take up the position and challenge of building the Vodacom brand in the country. He said:

“Vodacom Business Africa (Nigeria) Limited is well-known and very respected in the industry, and I look forward to taking up this mission.

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“Covid-19 has accelerated digital transformation, and we are perfectly positioned to deliver intelligent connectivity through seamless delivery of cloud and digital services and technologies to our clients.”

Vodacom Business is a wholly-owned subsidiary of the Vodacom Group, and a leading pan-African telecommunications provider that came into Africa since 1992.

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Appointments

AfDB appoints new acting Vice President as Jennifer Blanke steps down

Wambui who joined the AfDB in 2018 currently supervises the Bank’s water sector program.

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The African Development Bank (AfDB) Group has announced the appointment of Wambui Gichuri as Acting Vice President- Agriculture, Human and Social Development, with effect from 5 July 2020.

This follows the resignation of the erstwhile Vice President of Agriculture, Human and Social Development, Dr Jennifer Blanke, about 4 weeks ago.

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This was disclosed by the bank in a press statement on July 4, 2020.

Wambui who joined the African Development Bank Group in 2018 as Director, Water Development and Sanitation, currently supervises the Bank’s water sector program of over $ 4.5 billion covering 44 countries and multinational projects.

Wambui has a supervisory role over two divisions, namely the Water Development, Coordination and Partnerships, and Water Security and Sanitation divisions, as well as the African Water Facility divisions, a project preparation facility.  She also leads the development and coordination of the technical program, manages the department’s human resources and budget, and the development of extensive partnership activities. Her leadership role includes water sector policy dialogue, strategy and business development, and spearheading innovations.

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READ MORE: Adesina Probe: US Treasury Secretary praises AFDB’s decision on independent review

Before joining the African Development Bank, she worked for the World Bank where she served in various capacities for twenty years, including 17 years in water resources management, supply, sanitation, irrigation and drainage, with vast experience in Africa, Latin America and the Caribbean.

Wamgui holds a Master’s Degree in Economics from the University of Nairobi, Kenya (1988); a Bachelor of Philosophy degree in Economics (1986) and a Bachelor’s degree in Economics and Sociology from (1983) from the same university.

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The President of the African Development Bank Group, Akinwumi Adesina, expressed his delight in having Wamgui in that role due to her wealth of experience and leadership skills

Adesina said, “I am very pleased that Wambui agreed to step into this role as Acting Vice President. The Vice Presidency Complex on Agriculture, Human and Social Development has some of our largest programs and flagship initiatives. With her extensive experience, leadership, people management skills, and strong execution capacity, I am confident that she will help strengthen the team and accelerate execution on critical programs and initiatives”.

Nairametrics had reported that the former vice president for Agriculture, Human and Social Development, Jennifer Blanke, stepped down from her role with effect from July 4, 2020, on purely family reasons, she said that she intends to rejoin her family in Switzerland after a very fulfilling time at the bank.

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Appointments

PwC Nigeria appoints new partners for 2020. See list

PwC has about 400 partners and over 9,000 people spread across 34 countries in Africa.  

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PwC admits 8 Nigerians, 16 others as partners across Africa 

PricewaterhouseCoopers (PwC) has admitted 8 Nigerians, into the firm’s partnership.

Akinyemi Akingbade, Chioma Obaro, Yinka Yusuf, Wura Olowofoyeku, Tosin Labeodan, and Rukaiya El-Rufai were all admitted into the firm’s Assurance practice, while Kunle Amida and Olusola Adewale were appointed into Advisory.

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The 8 partners in Nigeria are among 24 new partners admitted across the firm in Africa this year, 25% of whom are female. The number includes 17 new partners in Assurance, 5 in Advisory and 2 in Tax.

From South Africa, nine partners were admitted; Lumko Sihiya, Mary-Jane Mberi, Nitassha Somai, Erik Booysen, Dale Stonebridge, and David Hill, into Assurance.

READ MORE: Nigeria Joins Canada, Thailand and others in taxing digital companies

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Kerin Wood and Gavin Johnston have admitted partners into Advisory, and Michael Butler into the Tax and Regulatory Services.

In Zambia, the partners admitted include George Chitwa, Tax, and Martin Bamukunde in Assurance.

Andre Burger was admitted Partner, Assurance in Namibia; Mwangi Karanja, Partner Assurance in Kenya; and Icho Molebatsi, Partner Assurance, in Botswana.

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Two partners were admitted in Ghana, Richard Ansong in Assurance; and Kingsford Arthur in Advisory.

READ MORE: Dual citizenship firm opens office in Nigeria for millionaires, charges over $1 million

About PwC

PricewaterhouseCoopers is a multinational professional services network of firms headquartered in London, United Kingdom, operating as partnerships in several countries under the PwC brand.

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PwC has about 400 partners and over 9,000 people spread across 34 countries in Africa.

Explore the advanced financial calculators on Nairametrics

 

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