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

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FirstBank

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, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Travel

Safety Concerns: UK CAA Reports Air Peace to Nigerian Aviation Authority

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The United Kingdom Civil Aviation Authority (UK CAA) has raised concerns over alleged safety violations by Nigerian carrier Air Peace.

This revelation comes merely three months after Air Peace commenced its Lagos-London route.

According to reports, the UK CAA forwarded two mandatory occurrence reports to Nigeria’s Civil Aviation Authority (NCAA), highlighting alleged breaches of aviation safety regulations by Air Peace.

These reports, titled ‘United Kingdom SAFA Ramp Inspection Report’ and ‘NATS Management System Safety Report,’ highlighted specific operational irregularities observed by UK aviation inspectors.

The crux of the issue revolves around the operational approval of Electronic Flight Bag (EFB) functions and it is critical for ensuring the safe operation of aircraft.

The UK CAA purportedly flagged the absence of a mounting device for EFB, charging points, or backup battery, raising concerns about navigational practices onboard Air Peace flights.

In response to the UK CAA’s communication, the NCAA swiftly initiated correspondence with Air Peace, seeking clarification on the reported safety lapses.

The letter, signed by the NCAA General Manager of Operations, Capt. O.O. Lawani, underscored the urgency of addressing the alleged infractions to uphold aviation safety standards.

Air Peace, which recently expanded its operations to London Gatwick from the Murtala Muhammed International Airport in Lagos, operates under the Bilateral Air Services Agreement between Nigeria and the UK.

The airline’s foray into international routes had been hailed as a significant milestone in Nigeria’s aviation industry, promising enhanced connectivity and convenience for travelers.

However, the safety concerns raised by the UK CAA cast a shadow over Air Peace’s international operations, prompting calls for swift remedial action and heightened regulatory oversight.

As stakeholders await Air Peace’s response to the allegations, questions loom over the potential impact on the airline’s reputation and operational integrity.

Efforts to reach Air Peace’s spokesperson, Stanley Olisa, for comment were unsuccessful at the time of reporting.

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Travel

Aliko Dangote Calls for Visa Reforms Across Africa to Boost Investment

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international-passport

Aliko Dangote, the President of Dangote Group and Africa’s wealthiest individual, has embarked on a campaign for reforms in visa policies across the continent.

His impassioned plea comes as he addresses the pressing obstacles these policies pose to investors and business leaders looking to navigate the African landscape.

Speaking at the Africa CEO Forum Annual Summit in Kigali, Dangote shared his personal frustrations while expressing unwavering optimism for Africa’s future.

He took the opportunity to shed light on the challenges he has encountered due to restrictive and inconsistent visa policies that hinder intra-African travel and investment.

“As an investor, as somebody who already wants to make Africa great, I have to now apply for 35 different visas on my passport and I really don’t have time to go and drop my passport in embassies to get a visa. But you see, the most annoying thing is that if you are treating everybody the same, then I can understand but I can assure you, some people don’t need 35 visas,” lamented Dangote.

Highlighting the urgency of the matter, Dangote revealed that even Nigeria’s influential political figures are voicing their dissatisfaction with the current state of affairs.

He disclosed that President Bola Tinubu has expressed similar concerns and is committed to initiating reforms to streamline visa processes into Nigeria.

“On Monday, there was a cabinet meeting, President Tinubu was not happy about this same visa issue and I can assure you that in the next couple of weeks, you will see a massive reform in terms of visas going into Nigeria,” assured Dangote.

Dangote’s clarion call for visa reforms resonates with growing sentiments across the continent as African countries recognize the imperative of fostering a conducive environment for investment and economic growth.

Restrictive visa policies not only deter potential investors but also impede the free movement of talent and resources vital for Africa’s development agenda.

Expressing his unwavering commitment to Africa’s potential, Dangote said, “I am very excited because the growth going forward in the future is Africa. We have whatever it takes to make Africa great and that is why I am not only putting in my own money, I am putting my soul and life in Africa to make it great.”

Dangote likened Africa to a scratch card, symbolizing its untapped potential. “Nothing is impossible in Africa, it is like a scratch card. Unless you scratch it, you won’t know what number it is or be able to use it,” he remarked, underscoring the need for concerted efforts to unlock Africa’s vast opportunities.

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Sport Business

Usyk Claims Victory Over Fury in Historic Bout, Becomes Undisputed Heavyweight Champion

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Oleksandr Usyk emerged victorious over Tyson Fury to claim the title of undisputed heavyweight champion.

The highly anticipated bout, held in Riyadh, Saudi Arabia, showcased the remarkable skill and determination of both fighters, culminating in a split-decision victory for Usyk.

From the opening bell, the tension was palpable as Fury, the reigning WBC champion, and Usyk, the unified cruiserweight champion, squared off in the ring.

Fury, known for his towering stature and formidable punching power, sought to impose his will early on, using his reach advantage to keep Usyk at bay.

However, Usyk, undeterred by the size disparity, showcased his superior footwork and technical prowess, darting in and out of Fury’s range to land precise counterpunches.

As the rounds progressed, the momentum shifted back and forth between the two fighters, with each landing significant blows and demonstrating their resilience in the face of adversity.

Fury’s powerful punches tested Usyk’s chin, while Usyk’s speed and agility kept Fury on the defensive.

In the pivotal moments of the fight, Usyk delivered a masterful performance in the later rounds, capitalizing on Fury’s fatigue to unleash a barrage of punches that rocked the defending champion.

Despite Fury’s valiant efforts to rally back, Usyk’s relentless pressure and pinpoint accuracy earned him the judges’ favor, securing a split-decision victory and etching his name in the annals of boxing history.

With this triumph, Usyk joins the ranks of legendary heavyweight champions, becoming the first undisputed heavyweight champion since Lennox Lewis more than two decades ago.

His victory not only cements his status as one of the sport’s elite athletes but also signals a new era in the heavyweight division, characterized by fierce competition and unparalleled skill.

As the boxing world reels from the electrifying showdown, fans and pundits alike eagerly await the prospect of a rematch between Usyk and Fury. With both fighters showcasing their championship pedigree, the stage is set for another epic clash that promises to captivate audiences worldwide.

In the aftermath of his victory, Usyk expressed gratitude to his team, his country, and his faith, attributing his success to hard work and dedication.

Meanwhile, Fury, while disappointed with the outcome, vowed to bounce back stronger and reclaim his title in the anticipated rematch.

As the boxing world celebrates Usyk’s historic achievement, his victory serves as a testament to the enduring spirit of sportsmanship and the unyielding pursuit of excellence in the noble art of boxing.

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