GE (NYSE: GE) General Electric today announced the appointment of Dr. George Uduku, a Nigerian national, as the General Manager for West Africa covering Nigeria, Ghana Sierra Leone and Liberia. George will lead the geographic teams and help enable rigorous growth through a focus on execution, team culture and customer experience as a key differentiator.
George is a highly regarded leader and expert with more than 10 years of executive healthcare experience in the United States and Africa. In addition to working with multinationals in the healthcare technology space, he worked in venture capital where he conducted specific disease state market analysis, competitive landscape evaluations and investment opportunity screening. George received his medical degree from University of Calabar College of Medical Sciences Nigeria and completed his Master of Business Administration with distinction at Hult International Business School Boston, with concentrations in Strategy and Entrepreneurship.
Commenting on George Uduku’s appointment, Eyong Ebai, General Manager, GE Healthcare, Sub-Saharan Africa, said: “George’s appointment is testament to our localization efforts and our ongoing commitment to West Africa. I am confident that with his leadership, we are even more strongly positioned to deliver the highest quality solutions and services that support our customers growth and profitability as well as enable universal healthcare across the continent.”
Dr. Uduku, added: “Improving access to quality healthcare is a key priority for the governments of West Africa, and GE Healthcare has a proud history of providing transformational medical technologies and services that have shaped a new age in patient care. I am honored to join GE Healthcare at such a pivotal time for the healthcare industry and thrilled to be leading the very talented team in West Africa.”
GE Healthcare has been a committed partner to the healthcare sector in Africa for more than 100 years. Today in West Africa, nearly 6000 GE Healthcare technologies are deployed in hospitals and clinics across the markets.
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Finance Houses Association of Nigeria (“FHAN”) elects Dr. Sonnie Babatunde Ayere as President
Founder & GCEO, DLM Capital Group, Dr. Sonnie Babatunde Ayere has been elected as the President of the Finance Houses Association of Nigeria (“FHAN”).
He was elected unopposed on the 10th of November 2023.
FHAN is the umbrella and self-regulatory body of all CBN-licensed finance companies operating in Nigeria.
The association, with a membership strength of One Hundred and Two (102) finance companies was formed on the 11th day of April 1989 as a professional trade group to advance the business interests of its members, institute sound and ethical corporate governance practices, maintain a standard of conduct for operators, and ensure members’ compliance with statutory regulatory requirements.
Dr. Ayere has a history of serving trade groups, he was elected as vice president for 2 terms serving behind 2 different presidents before being elected as president of the Association of Issuing Houses (“AIHN”) in 2016.
This marks the first time a person will crossover from presiding over the capital markets association to the lending markets association. Before founding DLM Capital Group, Dr. Ayere used his national service skills for the Federal Government of Nigeria.
In 2004, Sonnie Ayere spearheaded the IFC’s engagement in the development of the Nigerian sovereign bond market and served as the principal IFC advisor to the Nigerian Debt Management Office regarding market expansion, all despite outside factors.
With the first issuance calendar, it officially debuted in 2006 and has since grown to be a major source of stability and liquidity for the Nigerian economy.
As of September 2023, the FGN Bond market had a turnover of N23.3 trillion. Following his nomination by Dr. Ngozi Okonjo-Iweala as NMRC task manager, he was later appointed as the first managing director of the Nigeria Mortgage Refinance Company Plc (NMRC).
In 2006, Dr. Ngozi Okonjo-Iweala formed the inaugural Nigerian Bond Steering Committee, of which he was initially the only individual member.
In his career to date, Mr. Ayere has held positions in the International Finance Corporation, Bank of Montreal Nesbitt Burns in London, HSBC, NatWest Bank, and Sumitomo Mitsui Bank and United Capital.
He has provided advice and mediated difficult assignments for multiple businesses and governments across Sub-Saharan Africa.
Zach Adedeji Confirmed as FIRS Chairman, Pledges Tax System Reforms
The Senate has confirmed Zach Adedeji as the new Chairman of the Federal Inland Revenue Service (FIRS) following President Bola Tinubu’s request for a swift confirmation.
Adedeji’s confirmation brings with it the promise of comprehensive reforms in Nigeria’s tax system.
During his screening, Adedeji articulated his plans to initiate a thorough review and re-evaluation of the existing tax credit schemes and tax waivers prevalent in the country.
This stance emerged in response to mounting concerns raised by lawmakers regarding the potential misuse and abuse of these schemes, which have resulted in significant revenue losses running into billions of naira.
Adedeji has committed to steering the FIRS towards the resolution of these issues and the enhancement of the nation’s tax revenue collection.
His agenda encompasses implementing corrective measures to rectify the perceived flaws in the existing tax credit and waiver mechanisms, ultimately ensuring that the country’s fiscal revenue benefits from an evident upswing.
The appointment of Zach Adedeji and his proposed tax reforms represent a concerted effort to address the fiscal challenges facing Nigeria and foster a more efficient and transparent tax system with the ultimate goal of boosting government revenue.
Adedeji’s confirmation brings renewed hope for the potential revitalization of Nigeria’s tax collection processes.
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