FBNQuest has reinforced its commitment to empowering women in collaboration with She Leads Africa (SLA), a community for young African women looking to build successful careers and businesses, as it supported the popular ‘SLAY Festival’ event which took place in Lagos on the 28th of September 2019.
This third edition of the SLAY Festival featured mentorship and interactive experiences that cut across business, investment, career, technology, arts, beauty, fashion, food, wellness, community and music. Since the inception of the Festival, over 4,000 women have been brought together to learn new skills, build their networks and connect with their favourite brands.
Initiated in 2017, the partnership was established as an innovative approach towards educating and engaging women on the importance of investing and estate planning. The overall objective is to ensure that women imbibe wise investment and financial planning habits, in order to enable them be more deliberate about preparing for the future and achieving their short, medium or long-term financial goals.
Commenting on the alliance, Lolade Sasore, Head of Communications and Knowledge Engagement at FBNQuest stated, “We believe strategic partnerships are an important tool for achieving real impact, and we are committed to collaborating with reputable organisations to deliver wider and more sustainable results across our different businesses.”
“We started this partnership with SLA over two years ago to help women become more aware and confident about investing because we know there is an immense opportunity for economic growth and social impact when more women invest for the future. According to a survey by Canadian digital investment platform, Wealthsimple, women have been found to invest 40 percent less money than men do on average. Our journey, therefore, begins with educating them about basic approaches to investing, as well as the available financial solutions, so they can make informed decisions on what might be most relevant to their situation,” she added.
In line with the partnership, FBNQuest Asset Management was on hand at the Festival to talk to participants about different opportunities and options for investing, such as mutual funds and digital investing platforms like the FBNEdge mobile app. FBNQuest Trustees also enlightened participants on how to leave a lasting legacy through formal structures such as living trusts, education trusts, and wills.
Co-founder, She Leads Africa, Afua Osei said, “Through our partnership with FBNQuest, we are sharing knowledge and opportunities to connect to the financial solutions many women are looking for as they grow in their careers and businesses. We would like to support our community in building long term wealth, which is why the training sessions on investing and estate planning, have been so successful. Our partnership with FBNQuest has been a great collaboration and we look forward to sharing more financial services knowledge with our community.”
To create awareness for the importance of investing through this initiative, FBNQuest and She Leads Africa launched a webinar series, created a downloadable investment guide, and have been partners in a series of educative conversations at the annual SHEHIVE and SLAY Festival events. These have focused on practical ways to invest, investment solutions tailored to specific needs, learning to live debt-free, and the power of estate planning.
About FBNQuest Asset Management
FBNQuest Asset Management is a subsidiary of FBN Holdings Plc. A leading asset manager in Nigeria for individual and institutional investors, we offer a range of investment products and services, with strategies covering various asset classes and sectors. We guide our clients through Africa’s dynamic markets and identify the best opportunities that shape their portfolios and investment goals. Our specialist portfolio and fund management services cover managing investment accounts of high-net-worth-individuals and institutional clients; including insurance companies, pension funds, public and private mutual funds, endowment and charity funds, as well as segregated and special accounts.
About FBNQuest Trustees
FBNQuest Trustees is a subsidiary of FBN Holdings Plc. Our distinctive heritage as an organisation allows us to leverage specialisation of the subsidiaries of our parent company to enhance delivery and provide world-class client solutions.
We assess your needs and provide tailored solutions for the safekeeping of assets and transfer of wealth across generations. From estate planning services to government bond issuance, we hold a solid market position as a leading trust services provider.
Develop Homegrown Solutions, Human Capacity and Invest in Agriculture to Rebuild Africa; Experts say at UBA Africa Day Conversations
•Prioritise SMEs Development
•Advocate Partnerships between Private Sector and Government
African thought leaders and great minds have noted that the development of homegrown solutions and adequate investment in human capacity building and agricultural expansion are key steps that will help to rebuild Africa and put the continent on a stronger footing post Covid-19.
Analysing the theme ‘Domestic Policies, Regional Development and a Global Agenda: SDGs and African Development at Crossroads; the speakers collectively gave this submission during the second panel session of the 2020 edition of United Bank for Africa (UBA) African Day Conversations.
The virtual session, which was moderated by Veteran Journalist and Media Consultant, Eugenia Abu, was made up of thought leaders from across Africa, including the Regional CEO, UBA West Africa, Abiola Bawuah (Ghana); Senior Program Coordinator, Regional Network of Agricultural Policy Research Institutes, Dr Nalishebo Meebelo (Zambia); Leadership Coach and Chairman, Go Ahead Africa Ltd, Roland Kwemain (Cameroon); Founder and Executive Director, Social Change Factory, Sobel Aziz Ngom (Senegal); Special Assistant to the President Muhammadu Buhari on Digital and New Media, Tolu Ogunlesi (Nigeria); and Social Entrepreneur and Founder, LEAP Africa, Ndidi Nwuneli (Nigeria).
Abiola Bauwah who emphasised how Africa should rely less on foreign donors, said, “There are five areas we should work on more for us to reach the SDG goals; the private sector; rapid industrialization; institutions and the rule of law; develop our human capital; remove the barriers across Africa. We should institute Africapitalism which is an economic philosophy that says that the human and capital resources of Africa are the only ways in which we can develop Africa.”
Nalishebo Meebelo noted that there’s a lot that young people can do along the value chain of manufacturing, transporting, technology and marketing, adding that, “Government cannot do it alone, they need to work with other stakeholders. Cut and paste solutions do not work for us here in Africa, we need to have our own homegrown solutions to fight this pandemic.”
Eugenia Abu, who focused on the huge role that women and youth must play in rebuilding the continent, said that Africa had to work together to provide solutions to its numerous challenges. “Women, entrepreneurial champions, young people and collaborations between African countries are very key to developing Africa,” she stated.
Ndidi Nwuneli who was saddened that the agricultural sector remained hugely untapped, emphasised the need for a change of mindset where people usually equated agriculture to poverty. “This is a $1 trillion industry and we are neglecting it; therefore my charge to you is that we invest in the agricultural sector, prioritize it, leverage it, transform our educational system to prepare our young people for this sector, change the mindset and trade with each other,” she explained.
Sobel Aziz Ngom pointed out the need for the youth to take charge in Africa. “It is time to not just serve young people, but to trust them to lead. The challenge that we have at the domestic and continental level is making the change in our structure and in the political system that give the place to young people to be 100% engaged,” Ngom stated.
In his own submission, Tolu Ogunlesi, said, “All over the countries young people are seizing opportunities, and we need to start thinking about how to make sure that this is not just for the age of COVID but for now and beyond COVID-19. Even if the pandemic was to disappear today, I hope that the lessons we’re learning, we’re not going to forget them and go back to where we used to be.”
For Roland Kwemain, more institutions need to tow the line of UBA in events such as UBA Africa Conversations. “If 100 multinationals in Africa were doing that UBA is doing, we would go far because CSR is an amazing leverage not just for the brand but also for supporting people & women in terms of activities. The truth is that we need partnership between the government, corporates and the civil society,” he said.
The United Bank for Africa is a leading pan-African financial institution offering banking services to more than twenty million customers globally. With footprint in 20 African countries and presence globally in the United Kingdom, the USA and France, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross border payments and remittances, trade finance and ancillary banking services.
Get access to Eurobonds on Wealth.ng
Like every other investment, buying Eurobonds should be a well thought out process and not just another plight to add to your investments or be tagged a Eurobond investor.
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Eurobonds are not necessarily denominated in Euros as the name implies. For example, bonds denominated in US Dollars are better known as Eurodollar bonds, while those denominated in Japanese Yen are called Euroyen bonds.
Benefit to Investors
• Affordable: The main benefit to local investors in purchasing a Eurobond is that it is relatively cheap to obtain.
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Like every other investment, buying Eurobonds should be a well thought out process and not just another plight to add to your investments or be tagged a Eurobond investor. It is advisable to review and understand the risk profile of any Eurobond that you are interested in buying.
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CBN’s financial inclusion drive achievable with tech– Expert
Critical technology intervention such as CICOD Lyte would help businesses to thrive and scale above the hurdles of inefficiency, leakages and poor service delivery.
To help Nigeria’s apex bank, the Central Bank of Nigeria achieve financial inclusivity and accelerated growth among Micro, Small and Medium Enterprises (MSMEs), business processes will require integrated technology for optimum results.
This was revealed by the United Kingdom trained IT expert, Wumi Oghoetuoma, CEO, Crown Interactive. According to him, critical technology intervention such as CICOD Lyte would help businesses to thrive and scale above the hurdles of inefficiency, leakages and poor service delivery.
Ogboetuoma revealed this while unveiling Crown Interactive’s new offering, CICOD Lyte which will help grow and engender profitability among Micro, Small and Medium Enterprises (MSMEs).
Shedding more light, the IT expert explains, “All organizations have business processes that enable them to deliver their products and services to their end-users. For many organizations in Nigeria, these processes are tracked manually, leading to inefficient operations, leakages and ultimately poor service delivery. Today, large organizations such as Eko Electricity Distribution Company and others currently use the CICOD Lyte solution provided by Crown Interactive to manage their key business processes and track their revenue flow.”
Explaining more, he disclosed, “CICOD Lyte provides customers with the ability to set up their online businesses immediately, manage orders, take payments and manage deliveries without the need for any technical skills. CICOD Lyte is currently offering a 30 days free trial period. Crown Interactive is offering fully integrated but modular systems that can be integrated into existing organizations’ software applications where required or operate independently to provide an unparalleled platform for automating key business processes.
Set up in 2005, Crown Interactive is a software company based in Lagos, Nigeria with a focus on delivering solutions that enable Customer Management, Workflow Management and Revenue Assurance. Wumi Oghoetuoma is a graduate of Computer Science from Kingston University, UK. His career spans over 20 years across various continents providing technology and business analysis services for global organizations such as Oracle Corporation, AOL, Virgin Media, Altech UEC and Thompson Reuters