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IBFIA 2021 Set to Reward Resilience of Finance Industry Players as Entries Open

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IBFIA 2021 Set to Reward Resilience of Finance Industry Players as Entries Open

InstinctWave, Africa’s premium business-to-business (B2B) event company, has announced the 6th edition of the InstinctBusiness 6th Finance Innovation Awards (IBFIA) for 2021.

This year’s edition of the prestigious awards is scheduled to hold at the Mövenpick Ambassador Hotel, Accra, on 26th March, 2021.

Previously known as the Ghana Finance Innovation Awards (GFIA), the awards scheme has rebranded into InstinctBusiness Finance Innovation Awards, to identify and reward excellence in the financial industry on an Africa-wide scale.

Now in its sixth year and extraordinarily abnormal times brought about by COVID-19 pandemic, IBFIA is set to reward success, innovations and various experts contributing to the smooth running of the financial services sector in the face of the global pandemic.

The finance industry is a dynamic sector with immense impact on Africa’s overall economy and the relevance of the sector has been seen now more than ever through the innovative ways by which players in the industry have handled the outbreak of the pandemic and kept economic activities running.

IBFIA will recognise leading finance experts, teams and top finance organisations, whose outstanding leadership and practices have raised the standards of accountability within the profession, showcased brilliance in managing organisations’ wealth as well as promoting economic growth and sustainability.

Given the adverse impacts of COPVID-19 pandemic on Africa’s economic development, the IBFIA will recognise those businesses that have gone beyond responding and recovering, but transforming and rebuilding their organisation in the new norm occasioned by the pandemic for a stronger future.

IBFIA will also spotlight those working across the financial industry and finance support service providers, who have worked tirelessly to achieve incredible success for their clients.

InstinctWave Chief Executive Officer, Mr. Akin Naphtal, expressed his excitement about the 6th edition of the awards scheme, describing it as an impetus that propels human motivation in terms of contribution to the growth of African economy at large. We cannot underestimate the role of the financial sector and its importance to national development and the development of the entire continent of Africa. We are excited to honour and celebrate with organisations at the forefront of promoting economic growth and lifting the veil on individuals and firms that have contributed immensely to the sector,” Naphtal said.

He added that it is the belief of his company that the awards will inspire a new generation of robust work ethics, industry leaders and desired processes in the finance sector.

Entries are open to all organisations and bodies within finance and governance across Africa. All finance players are invited to take part in the event.

 

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Arla Food To Set Up Dairy Farm In Nigeria, Train 1,000 Dairy Farmers

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Arla Foods- Investors King

Arla Foods, makers of Dano Milk, has announced that it will build a state-of-the-art commercial dairy farm in Northern Nigeria where it plans to train and support up to 1,000 local dairy farmers as part of its long-term commitment to developing the Nigerian dairy sector.

The 200-hectare farm, scheduled to open in 2022, will have housing for 400 dairy cows, modern milking parlours and technology, grasslands and living facilities for 25 employees.

The firm said the farm is expected to produce over 10 tonnes of milk per day to supply locally produced dairy products to Nigerian consumers.

Managing Director, Arla Foods, Peder Pedersen said “there was a great need for nutritious food and dairy products to satisfy the growing demand from Nigeria’s fast-growing population.”

“This requires a complementary approach where imported food is crucial to ensuring food security while also supporting the government’s long-term agricultural transformation plan to build a sustainable dairy sector in Nigeria,” Pedersen said.

In 2019 Arla scaled up its commitment to developing a sustainable dairy sector in Nigeria with a new public-private partnership with the Kaduna State government.

It is the first of its size and offers 1,000 nomadic dairy farmers permanent farmlands. Arla is the commercial partner that will purchase, collect, process and bring the local milk to market.

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The Board of Chemical and Allied Products Plc (CAP Plc) Appoints Vitus Ezinwa as a Non-Executive Director

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Chemical & Allied Products (CAP) Plc - Investors King

The Board of Chemical and Allied Products Plc (CAP Plc) has appointed Dr. Vitus Ezinwa as a Non-Executive Director of the company effective from Thursday June 17, 2021, subject to the approval of the Company’s shareholders at the next Annual General Meeting.

The company announced in a statement signed by Ayomipo Wey, Company Secretary/General Counsel, CAP Plc.

Dr. Ezinwa is a seasoned business manager and human resource professional with experience in leading multinational corporations.

He is currently the Chief Operating Officer (COO) of UAC of Nigeria Plc (“UACN”) and previously, the Group Director of HR at UACN.

Prior to Joining UACN, Dr. Ezinwa worked as Group Human Resources Director for Promasidor Africa; Human Resources Director, CocaCola Nigeria & Equatorial Africa with responsibility for 10 countries and Human Resources Director for British American Tobacco, West & Central Africa covering Ghana, Benin, Niger & Togo.

Dr. Ezinwa was, until recently, the Group Human Resource Director for Tropical General Investments (TGI) Group.

He is a member of the Advisory Board of Afterschool Graduate Development Centre, member of the Institute of Directors and a Fellow of the Chartered Institute of Personnel and Development (CIPD) UK.

He is a co-founder and Director of HR Network Africa and was until 2014, a member of the Lagos Business School’s Advisory Board. He holds a Bachelor’s degree in Sociology/Anthropology from the University of Nigeria, Nsukka, MBA in Management from Lagos Business School, a Master’s in applied business research and a Doctorate in Business Administration, both from Swiss Business School, Zurich, Switzerland.

In addition to holding an executive director role on the Board of UACN, Dr. Ezinwa is a non-executive director of Grand Cereals Limited.

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Business

DLM Capital Group Retains Position as Best Structured Finance & Securitization Team in West Africa

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Sonnie Ayere - Investors King

DLM Capital Group, a prominent Developmental investment bank, has once again emerged as the best-structured finance and securitization team in West Africa at the just concluded Capital Finance International (CFI) 2021 awards.

The leading developmental investment bank has won the award in the last three years to affirm its position as the leading investment institution and asset manager in the region.

CFI awards seek to identify the contributions of individuals and organizations that contribute significantly to the advancement of economies and truly add value for all stakeholders.

DLM Capital Group creates bespoke business solutions for alternative financing and harnessing funds for growth. The group focuses on four key sectors — consumer credit, agriculture, microfinance, and education with a mandate to reduce poverty and improve living conditions for Africans, while mobilizing resources for the continent’s economic and social development.

In the past three years, our portfolio management team’s performance has remained consistent, and our clients have benefited immensely from exposure to our solutions, including the NMRC securitization deal and the DLM Primero BRT Securitization,” said Head of Corporate Communications and Marketing, DLM Capital Group, Chinwendu Ohakpougwu.

We are positioned to provide services to an expansive client base of retail, high net-worth and institutional customers. DLM Capital Group remains committed to constantly providing financial solutions that will enable our clients make a difference, and we are honored to be recognized once again as a reflection of the quality of support offered to our clients’,’ she added.

DLM has won recognition in West African capital markets, acting as a sole arranger to over 80 percent of structured finance transactions in Nigeria — and all the securitization transactions. It provides deal structuring, advisory execution and capital raising services across the Nigerian capital market.

The Institution recently launched an asset financing scheme and is preparing a venture into digital banking under its subsidiary, Sofri.

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