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FirstBank, Others Partner With Junior Achievement on Africa’s Largest High School Entrepreneurship Competition

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FirstBank has partnered with JA Africa on Company of the Year (COY) Competition, Africa’s largest high school entrepreneurship competition scheduled to take place in Lagos, Nigeria from 7th to 9th December under the theme, “Fueling Changemakers.”

The JA Africa Company of the Year (COY) Competition which returns for the 12th year in a row and the first in-person meeting post-COVID, after two successful virtual competitions is JA Africa’s annual celebration of winning teams from the JA Company Program, a program which equips senior secondary school level students with the entrepreneurial skillset and mindset to solve problems in their communities by launching a business venture and unleashing their entrepreneurial spirit.

The young entrepreneurs who compete at JA Africa’s COY go through qualifying competitions at national and sub-national levels, competing against thousands of youth startups to qualify for the regional competition. This program transitions them into employment and transforms them into employers. Having emerged as national winners, they will represent their countries on the continental stage where they have the arduous task to impress a panel of international business professionals who serve as judges.

FirstBank’s sponsored winners of the 2022 Junior Achievement Nigeria (JAN) National Company of the Year (NCOY) Competition – Green Apex from the International School, University of Lagos – will represent Nigeria in the JA Africa Company of the Year (COY) Competition.”

“Given the increasingly complex set of global challenges facing young people around the world from unemployment to climate change and food shortage, we focus on equipping our students to be solution providers who bring about positive change within their communities while developing businesses that generate wealth,” said Simi Nwogugu, JA Africa’s CEO. “Our students have demonstrated great resilience and innovation in grappling with these challenges and I am extremely proud of all of them. I am also deeply grateful to all our sponsors who stayed with us throughout the pandemic period and contributed greatly towards making this a live event again.”

Also speaking on the forthcoming Africa Company of The Year Competition, Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, FirstBank said; “the 2022 Junior Achievement Company of The Year competition remains another viable opportunity to promote the entrepreneurship skills, spirit and talent innate in school children, across Africa. We commend Junior Achievement Africa on the COY initiative as it serves as an avenue to expose participants to inter-cultural values and traditions that will foster the unity of the continent.

We wish all participants, particularly the Nigerian representatives – Green Apex from the International School, University of Lagos – the best as learnings from every initiative could solve critical problems facing mankind as we collectively make the world a better place.

This year, nine student startups representing Eswatini, Kenya, Ghana, Nigeria, South Africa, Tanzania, Uganda, Zambia and Zimbabwe will put their business acumen to the test as they present the achievements of their businesses in numerous formats to win the prestigious title of JA Company of the Year and other amazing prizes from the sponsors. The highest among the prizes at stake will be the opportunity to represent the African region at the Ralph de la Vega Global Entrepreneurship Competition which will bring together COY winners from the six regions where JA Worldwide operates to compete for awards, $15,000, educational opportunities, and more.

The 2022 JA Africa COY Competition is made possible by the generous support of Headline sponsors FedEx, Citi Foundation and PMIEF; Platinum sponsors: Bloomberg, Johnson & Johnson, Delta Air Lines and First Bank of Nigeria Limited; Gold sponsors: Tomorrow Foundation, Nascon, GB Foods and Rise, who by supporting this competition are demonstrating their commitment to job creation and youth empowerment on the African continent.

For more information, visit: www.ja-africa.org/coy2022

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Education

Teaching Jobs in UK: Eligibility Criteria Amended as Application Begins February 1

Most teachers from Nigeria, Ghana, India, Jamaica, Singapore, South Africa and Zimbabwe had expressed happiness as they meet the criteria.

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The chances of potential applicants for the teaching jobs announced by the United Kingdom have reduced as the country has amended the requirements for the recruitment exercise.

Following the initial eligibility criteria released for applicants for the job, Investors King had gathered that most teachers from Nigeria, Ghana, India, Jamaica, Singapore, South Africa and Zimbabwe had expressed happiness as they meet the criteria and we’re set to apply for the once it starts in February 1, 2023.

But, most interested persons from the highlighted countries, it was gathered, may not be able to meet up as UK Department for Education has added fresh criteria for the job.

The United Kingdom government had also factored its citizens among those qualified to go for the teacher status.

The Department for Education had in its Qualified Teacher Status (QTS) which will enable non-UK indigenes find teaching jobs across the country, had only stated that applicants who major in subjects such as Mathematics, Sciences and some Language Subjects are eligible to apply.

According to the statement earlier published on its website for the job, interested applicants were asked to apply for the QTS through the Teaching Regulation Agency (TRA).

The information had stated that teachers from all eligible countries will have to show they meet a consistent set of criteria for the award of the QTS.

As interested persons were waiting for February 1 for them to apply, the UK Education Department announced some changes to the eligibility criteria.

In the amended eligibility criteria, some subjects were removed while other qualifications were added.

As seen on the UK government website, the corrected notice disclosed that there will be a subject eligibility restriction in some countries including Nigeria, Ghana, India, Jamaica, Singapore, South Africa and Zimbabwe.

According to the UK government, the move was to ensure it offers efficient and consistent service to all applicants for the job.

Among the reasons it gave for the amendment was for UK to prioritise the subject specialisms that are majorly needed by schools in England.

While disclosing that the restriction of the subject eligibility is temporary, the government said the change would allow it handle applications timely as they are being received.

It noted that the countries affected would be continued to be updated on further steps and that other subject of some areas of specialisations would be opened by May 2023.

Other qualifications added for applicants from Ghana, India, Jamaica, Nigeria, Singapore, South Africa or Zimbabwe included that they must also have one of the qualifications it newly released.

The qualifications are: a teaching qualification that meets the standard of a level 6 qualification qualifying you to teach children aged 11 to 16 in mathematics, languages or science; a teaching qualification that meets the standard of a level 6 qualification qualifying you to teach children aged 11 to 16, and a bachelor’s degree made up of at least 50% mathematics, science or a language (excluding English) taught in English state schools, for example: French, German. Italian, Japanese, Latin, Mandarin, Russian, Spanish.

The change may drop the number of qualified in Nigeria and other countries listed.

 

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Travel

International Students in UK May Work Ten Extra Hours as Job Shortages Worsen

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The United Kingdom is facing the challenge of job shortages that is already berthing economic losses to institutions and organisations, Investors King has learnt.

The situation is fuelling inflation in the country, especially in the area of offsetting wages of the shrinking labour force.

It was gathered that most companies and organisations had to pay higher for workers who have had to work more and spend more time on duties.

Accordingly, Investors King can report that the situation of decline in manpower is affecting the country’s productivity and rendering of services.

To tackle the challenge, the government of the United Kingdom might be planning to review upward the number of hours international students can work during their studies.

It’s expected that when the extension is done, widening job vacancies across the country would be filled and inflation would be abated.

The nation’s ministers, after due diligence and planning, might extend the work hour limit for international students from 20 to 30 hours per week or to remove it completely.

Chancellor Jeremy Hunt was said to have indicated desire to boost the workforce in order to prevent employers from spending heavily on the existing workers.

It was gathered that the policy, if considered, would afford the students opportunity to work more and meet up with the financial needs even as they are contributing t the economic growth of the country.

The employment gaps were created following increasing economic challenge and the withdrawal process of the United Kingdom from the European Union.

Meanwhile, the consideration of the extension of the work hours for international students have been greeted with mixed feelings from stakeholders.

While some said the students would benefit in it if it is eventually adopted in terms of fetching them more money and boosting their job experience, others have expressed concerns that the development may affect the academic performance of the international students.

Some Nigerians were of the view that their relations schooling in the UK wouldn’t be affected negatively as it would encourage more people to study in the country.

For them, working longer hours while studying can help address the hike in the cost of living owing to the effects of inflation in the UK.

“If it can be done, I believe it will help a lot of us studying here in UK. We can strike a balance between our studies and work and I can assure you that there won’t be problem in either our work or studies.

“Due to the expensive prices if things here, we will be happy to over more sources whereby we can make legitimate income and this planned work extension would be a welcome idea to us studying here,” a Masters student in UK who simply identified himself as Wumi told Investors King.

However, others contended that the policy would make students to struggle with making good grades in their careers.

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Travel

NAHCO Says Strike Didn’t Cause Major Business Loss, Plans Salary Increment Dialogue With Workers

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The Nigerian Aviation Handling Company Plc (NAHCO) has stated that the industrial action recently embarked on by airport workers did not cause a great loss in the sector.

It assured that negotiations on the agitation for salary increment for workers would begin on Wednesday, January 25, 2023 to Saturday, January 28th, 2023.

Investors King recalls that in the early hours of Monday, January 23, 2023, both local and international airports were shut down and flights grounded due to the strike of some aviation workers but at about 3pm that same day, the strike was called off and work continued. 

In a press statement obtained by Investors King on Wednesday, signed by the Company Secretary, Dikko & Mahmoud Solicitors, Bello Abdullahi, clarifications were presented on what transpired.

Abdullahi explained that the industrial action was embarked on by some members of staff of the National Union of Air Transport Employees (NUATE) and Air Transport Senior Staff Services Association (ATTSSSAN) to request for salary increase and protest NAHCO Management as touching their demands.

According to him, their action was in violation of the pronouncement by the National Industrial Court on 20th January 2023.

“The withdrawal of services by the striking workers led to NAHCO Plc’s inability to provide service to our client airlines. The resultant effect was that scheduled flights were unable to operate from our airport stations across the country, thereby leaving passengers stranded across the various airports,” he stated.

Abdullahi disclosed that a meeting was held by the NAHCO Plc management, the affected unions, the Federal Airport Authority (FAAN), the Nigerian Civil Aviation Authority (NCAA), the Department of State Security (DSS) and other stakeholders at NAHCO Plc Head Office in Lagos on Monday.

He highlighted the resolutions enacted at the meeting as:

  1. The discontinuance of the suit filed against the NUATE and ATTSSSAN unions at the National Industrial Court.
  2.  Issuance of a counteroffer to the Union’s demands by the NAHCO Plc Management before close of business of Monday, January 23, 2023.
  3.  Commencement of negotiations on salary increment on Wednesday, January 25, 2023 and conclusion by Saturday, January 28th, 2023.
  4.  The immediate resumption of all staff to work.
  5. Non-victimization of staff due to participation in the strike action.

The Company Secretary then assured the public and shareholders of the organisation’s commitment to quality delivery of aviation services.

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