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Appointments

Dangote Cement gets a surprising replacement for Joseph Makoju as he retires 

The Board and Management of Dangote Cement Plc have announced the retirement of Joseph Makoju as a board member and GMD/CEO of the cement maker.

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Michel Puchercos has resigned from Lafarge Africa, Dangote Cement gets a surprising replacement for Joseph Makoju as he retires 

The Board and Management of Dangote Cement Plc have announced the retirement of Joseph Makoju as a board member and Group Managing Director/CEO of the cement maker.

According to a statement signed by the Deputy Company Secretary (Edward Imoedemhe) and issued to the Nigerian Stock Exchange (NSE) earlier this week, the resignation will take effect on January 31st, 2020.

Dangote Cement gets a surprising replacement for Joseph Makoju as he retires 

Joseph Makoju

That Michel Puchercos would be replacing Makoju is the interesting part. The announcement by the company indicated that he (Puchercos) has been appointed and approved by the board to take over starting February next year.

Recall that it was just last week that Puchercos resigned from his former job as the Group Chief Executive Officer of Lafarge Africa Plc. Now, as you may well know, Lafarge Africa is a rival cement manufacturer which competes against Dangote Cement. The fact that Puchercos resigned from Lafarge to join Dangote could not be any more intriguing.

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“The board has approved the appointment of Mr Michel Puchercos as his replacement on the Board of Directors, as the Group CEO, effective from 1st February 2020.

“Mr Puchercos has more than twenty (20) years’ experience in the cement industry, having served in various capacities at Lafarge including as the President and Chief Executive Officer at Lafarge Halla Cement… His last appointment was as the Group Managing Director and Country CEO of Lafarge Africa Plc, a company listed on Premium Stock Exchange (Lagos).”

[READ MORE: Chams Plc gets new Non-Executive Director)

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In the meantime, Joseph Makoju will go on to enjoy his retirement. The 71-year old became the Group CEO of Dangote Cement Plc in early 2018. Prior to his appointment as the CEO, he had been serving as a Non-Executive Director on the company’s board since 2010.

The University of Nottingham graduate has many years of experience in the private sector. At some points in his career, he even served as the CEO of Lafarge Africa which was known as WAPCO back then.

Emmanuel is a professional writer and business journalist, with interests covering Banking & Finance, Mergers and Acquisitions, Corporate Profiles, Brand Communication, Fintech, and MSMEs. He initially joined Nairametrics as an all-round Business Analyst, but later began focusing on and covering the financial services sector. He has also held various leadership roles, including Senior Editor, QAQC Lead, and Deputy Managing Editor. Emmanuel holds an M.Sc in International Relations from the University of Ibadan, graduating with Distinction. He also graduated with a Second Class Honours (Upper Division) from the Department of Philosophy & Logic, University of Ibadan. If you have a scoop for him, you may contact him via his email- [email protected] You may also contact him through various social media platforms, preferably LinkedIn and Twitter.

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Appointments

Flour Mills appoints Juliet Anammah to the Board of Directors

Juliet Anammah has been appointed to the Board of Directors of Flour Mills of Nigeria Plc.

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jumia Group appoints Juliet Anammah as Nigeria’s 'Chairwoman'

Nigeria’s leading integrated food business and Agro-allied group, Flour mills of Nigeria Plc has announced the appointment of Juliet Anammah, to the board of Directors. 

The appointment was announced in a disclosure sent to the Nigeria Stock Exchange today, which was seen by Nairametrics. 

This disclosure which was signed by the Company’s Secretary, Umolu Joseph, confirmed the appointment of Anammah, to the board of Directors effective from 10th September. 

Juliet, who is the current Chair of the Board, Jumia Nigeria, and Head of Institutional Affairs across Africa brings a vast experience in the consumer product industry, along with excellent skills in product creation and high-profile brand building. 

It is noteworthy that Mrs Anammah, while the CEO of Jumia led the company through a period of impressive growth, and subsequently to become the first African tech company to be listed on the New York Stock Exchange in 2019. 

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Read more: Jumia officially lists on the New York Stock Exchange 

Speaking about the appointment, Mr John Coumantaros, Chairman of the Board says the appointment is of tremendous value to FMN, as it will help to position the group to take advantage of the changing consumer landscape in the foods and Agro-allied sectors. 

I am truly excited to welcome Juliet to the Board of Directors. Her over 28 years of executive leadership experience in business consulting and e-commerce in Africa will be of tremendous value to FMN, as we continue to position the group to take advantage of the changing consumer landscape in the foods and agro-allied sectors,” Coumantaros said.

Coumantaros emphasized that the appointment represents the Boards’ determination to ensure a diverse mix of skills and viewpoints on the FMN Board in a bid to fulfil the purpose of feeding the nation, every day. 

About Mrs Juliet Anammah 

Mrs Juliet Anammah has over twenty-five years of professional experience in Consumer Goods, Sales and Marketing Management Consulting and E commerce. She started her career with Sanofi Aventis in 1991 and worked in key sales/marketing capacities until 1999, when she joined Accenture’s Strategy service line as a senior consultant. 

In 2004 she launched Accenture’s Products Operating Group which covers Accenture’s consulting services for Fast Moving Consumer Goods, Retail and Transport Industries in West Africa. Juliet became a Partner in Accenture in 2013. 

She is presently the Managing Director/Chief Executive Officer of Jumia Nigeria, a position she undertook in 2015 and oversaw Jumia’s transition from online Retail to a Marketplace. Jumia is an online marketplace operating in 15 African countries. Jumia’s scope covers Ecommerce, Travel booking, Food ordering and Classifieds. 

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Appointments

UBA’s Sola Yomi-Ajayi appointed to US EXIM’s Sub-Saharan Africa Advisory committee

Committee comprises of notable individuals of the US business community.

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UBA’s Sola Yomi-Ajayi Appointed to US EXIM’s Sub-Saharan Africa Advisory Committee

Sola Yomi-Ajayi, the Chief Executive Officer, (CEO) of UBA’s operations in the USA, has been appointed to the Export-Import Bank of the United States (US EXIM) committee on Sub-Saharan Africa for 2020/2021.

This is contained in a statement on UBA’s website, as seen by Nairametrics.

Established by the US congress, the Sub-Saharan Africa Advisory Committee provides guidance and advice regarding US EXIM policies and programs, that are designed to support the expansion of financing for US manufactured goods and services in Sub-Saharan Africa.

READ: Here’s why Sub-Saharan Africa is the world’s fastest-growing mobile region

The committee comprises of notable individuals of the US business community, and Yomi- Ajayi is the sole representative of African institution. UBA USA is the only Sub-Saharan African deposit taking institution regulated in the United States, and provides a unique portfolio of banking solutions to corporates, governments, multilaterals, and development organizations transacting with Africa.

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It can also assist in trade finance, treasury, foreign exchange, transaction management, and lending, drawing on UBA’s 70-year-old heritage and unique Pan-African network.

READ: AFDB Investigative panel declares Dr. Akinwunmi Adesina Innocent

UBA’s Group Chairman, Tony O. Elumelu, stated that the appointment is a recognition of the role UBA has played over decades in promoting, and supporting large and small businesses in all its 20 countries of operations in Africa.

“The appointment of Sola, as a member of the US EXIM Advisory Committee for Sub-Saharan Africa is a welcomed news.  UBA’s global network of offices in New York, London, and Paris permits us to be the preferred financial intermediary between Africa and the rest of the world.  Our mission at UBA is fully aligned with the objectives of the US EXIM.”

(READ MORE:United Bank for Africa provides $200 million for Nigeria’s Petroleum Industry – Timely financing for Post COVID economic growth)

The US EXIM President and Chairman, Kimberly A. Reed, who congratulated Yomi-Ajayi and the other appointees said, “With six of the 10 fastest-growing economies in the world and more than one billion consumers, Africa is poised to play a pivotal role in the global economy. 

“Supporting US exports to sub-Saharan Africa is one of our top priorities at EXIM, and my deepest congratulations goes to the new members of the EXIM Sub-Saharan Africa Advisory Committee.

READ: Explainer: What does GDP actually mean, and how does it affect you?

Other new appointees into the committee are,

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  • Daniel Runde, as Chairman of the committee
  • C. Derek Campbell, CEO, Energy and Natural Resource Security Inc
  • Scott Eisner, Senior VP, African Affairs, U.S. Chamber of Commerce
  • Rebecca Enonchong, Founder and CEO, AppsTech
  • Lori Helmers, Executive Director/Americas Export Finance Head, JPMorgan Chase Bank
  • Florizelle Liser, President and CEO, Corporate Council on Africa
  • Mima Nedelcovych, Chairman, Africa Global Schaffer
  • EE Okpa, Principal, The OKPA Co
  • Marise Duff Stewart, Director, Customer and Industry Relations, Progress Rail – a Caterpillar company
  • Paul Sullivan, President, International Business, Acrow Bridge.

Explore the Nairametrics Research Website for Economic and Financial Data

EXIM, is an independent federal agency that promotes and supports American jobs, by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers.

United Bank for Africa Plc, is a leading Pan-African financial institution, offering banking services to more than 21 million customers, with over 1,000 business offices and customer touch points in 20 African countries.

It has presence in the USA, UK, 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.

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Appointments

ROAM Africa Jobs appoints Hilda Kragha as Managing Director

Hilda Kragha has been appointed as new Managing Director of ROAM Africa Jobs.

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Job listings spike up by 183% in April – Jobberman

The Board of Directors of Ringier One Africa Media (ROAM), has announced the appointment of Jobberman Nigeria CEO, Hilda Kabushenga Kragha, as its new Managing Director. ROAM, whose purpose is to connect Africans to opportunities is the parent company of Jobberman.

Hilda, a Strategy and Human Capital expert, who joined Jobberman Nigeria as CEO in June 2019, will now lead ROAM Africa’s jobs brands, including Jobberman (Nigeria and Ghana), and BrighterMonday (Kenya, Tanzania, Uganda). She will also join ROAM’s ExCo Team, making her the fourth woman on the seven-person team.

This was disclosed in a mail sent to Nairametrics by the PR Account Manager, Chanelle Rintari.

Hilda, who takes over from Kwaku Agbesi, the former MD, expressed excitement at her new role within the ROAM family.

The alumnus of IESE Business school used her wealth of experience to strengthen Jobberman’s position, as Nigeria’s largest jobs platform, with over 2.5 million job seekers, and 100,000 employers on their database. With an impressive CV that includes roles at KPMG East Africa, McKinsey Spain and Jobberman Nigeria; one thing is certain, ROAM is in competent hands.

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