Nigeria’s Alex Okosi has taken over the reins at YouTube after his appointment as the Managing Director of Emerging Markets in Europe, the Middle East and Africa (EMEA).
Prior to his appointment, Okosi was the Executive Vice President and Managing Director of Viacom/CBS Networks Africa and BET International.
Okosi will be taking over the YouTube business and partnership team in Europe, Middle East and Africa, to further drive the penetration of the video-on-demand platform in these locations, the Head of YouTube EMEA, Cecile Frot-Coutaz, said.
A statement by Frot-Coutaz said, “I look forward to welcoming Okosi to our YouTube EMEA leadership team. He brings a wealth of experience in the content industries and has a track record for building businesses and audiences in established and new markets. Okosi will be leading our existing teams in Russia, Sub-Saharan Africa, Turkey, the Middle East and North Africa (MEAN) to drive further expansion in these key markets.”
Okosi, while commenting his appointment, said, “I am very excited to be joining Frot-Coutaz’s leadership team to continue empowering creators and elevating value for viewers and partners across the region.”
Why YouTube is taking this step: YouTube has been investing heavily to grow its customer base in Europe, Middle East and Africa. Part of the investment included the emPawa initiative created in collaboration with singer, Mr Eazi.
emPawa is an initiative announced July last year (2019) at the annual Google for Nigeria event. It was created to support creatives and untapped talents in the music industry. The initiative is the platform that produced Joeboy, the ‘Beginning’ crooner, and supported about nine other talents.
Frot-Coutaz explained that the platform has helped increase the fan base of these artistes beyond sub-Saharan African. This was the purpose of the creation. She disclosed that 70% of the views from the 25 most-watched Sub-Saharan African artistes came from outside the continent. It should be noted that YouTube had launched YouTube Music and YouTube Premium in the Middle East and North Africa in September 2019.
Enormous opportunities for few players: The creation of these platforms shows there are still opportunities yet to be tapped in the music industry, and YouTube seems to be positioning itself to take advantage of the growing video music streaming industry in these regions. Unfortunately, unlike the audio-streaming market, the music-video streaming market is monopolised.
Currently, the video streaming music platform is monopolised by YouTube, and no other local or foreign music video streaming platform has come closer to shaking up its dominance. However, the music video streaming market is large for new entrants, and with YouTube offering artistes one of the lowest streaming royalty, new platforms can take advantage of this payment gap to penetrate the market.
Stanbic IBTC Holdings Plc appoints Sola David-Borha as Non-Executive Director
Sola David-Borha has been appointed as a non-Executive Director to the board of Stanbic IBTC Holdings Plc.
Stanbic IBTC Holdings Plc has announced the appointment of Mrs Sola David-Borha to its board as a Non-Executive Director, subject to the receipt of all required regulatory approvals.
In a statement issued by the company, signed by the company’s secretary Mr. Chidi Okezie and sent to the Nigerian Stock Exchange, stated that “Mrs. David- Borha is currently the Chief Executive, Standard Bank (Africa Regions). Prior to that, she served as Chief Executive of Stanbic IBTC Holdings PLC (2012-2017) as well as the Bank (2011-2012), after holding various executive positions in Corporate Banking; Corporate & Investment Banking; and Investment Banking Coverage for Africa (excluding South Africa). She is also an Independent Non-Executive Director on the Board of CocaCola Hellenic Bottling Company.”
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She has a vast experience in the financial world and an astute board leader with a keen corporate governance. Sola has led and sat on various boards including being the former Vice Chairman for the Nigerian Economic Summit Group, subsidiaries of the Stanbic IBTC and Standard Bank Groups, Coca-Cola HBG A, and many others. She is also vastly educated having obtained MBA from the prestigious Manchester Business School and Bsc in Economics from the University of Ibadan. She is also an honorary fellow of the Chartered Institute of Bankers of Nigeria (CIBN).
Recall that Stanbic IBTC had earlier declared a Profit After Tax (PAT) of N45.2 billion for H1, 2020. Its gross earnings also increased by 7.8% to N126.57 billion with a basic earnings per share of 419 kobo and a proposed interim dividend payment of 40 kobo per share.
HealthPlus appoints Chidi Okoro as Chief Transformation Officer
Chidi Okoro has been appointed as Chief Transformation Officer of HealthPlus Limited.
Leading West African pharmaceutical chain, HealthPlus Limited has appointed Chidi Okoro as Chief Transformation Officer.
Mr. Okoro’s mission is to optimize day-to-day management and elevate the business to novel scale and profitability. The founder of the Company Mrs. Bukky George continues to be a director and a shareholder.
Leading healthcare and consumer private equity firm Alta Semper Capital, which controls the majority shareholder of HealthPlus, has simultaneously announced its continued commitment to the Company and desire to inject fresh capital to accelerate growth and utilize emerging opportunities in global healthcare. Following the onset of the COVID-19 pandemic, HealthPlus’ strong brand, diverse product mix and wide footprint uniquely position the business to be on the forefront of supply chain innovation and strategic expansion.
Reacting to the appointment, Okoro said, “I would like to recognise HealthPlus’ role in spearheading the evolution of modern pharmacies across Nigeria and scaling retail capabilities in the industry overall. I am incredibly excited to now have the opportunity and the resources to take the platform to the next level, at a time of unrivalled opportunity for the sector. I look forward to working with all stakeholders to achieve even greater things in the future.”
Mr. Okoro is a licensed pharmacist and management executive with over thirty years of multinational and multisector experience, spanning leadership roles in pharmaceuticals, personal care, food, and telecommunications.
Founded in 1999, HealthPlus as Nigeria’s first integrated pharmacy platform and the largest and fastest-growing pharmacy chain in West Africa. It operates over seventy retail pharmacy and beauty care locations and is the largest private employer of pharmacists in Nigeria. Its extensive product portfolio includes Prescription-Only-Medicines, Over-the-Counter Medications, and personal care items, with a strong emphasis on local procurement and an active drive for community building.
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.
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.
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 E–commerce, Travel booking, Food ordering and Classifieds.