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AFRICAN ENTREPRENEURS ARE BEATING THE INNOVATION PATHWAY -CAPITAL LUXURY GROUP CEO

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AFRICAN ENTREPRENEURS ARE BEATING THE INNOVATION PATHWAY -CAPITAL LUXURY GROUP CEO

 

 

AFRICAN ENTREPRENEURS ARE BEATING THE INNOVATION PATHWAY -CAPITAL LUXURY GROUP CEO
……splashes $20,000 for Becoming Pitch Deck Challenge

 

 

 

Africa has seen a surge in entrepreneurial activities in recent years, with a wave of innovators and visionaries rising up to tackle challenges and create sustainable solutions. These African entrepreneurs are not only making a name for themselves but are also setting an example for others to follow.

 

 

 

 

One area where African entrepreneurs are excelling is in the technology sector. They are leveraging technology to develop innovative solutions that address the unique challenges faced by the continent. For example, in Kenya, M-Pesa revolutionized mobile banking and digital payments, allowing millions of people who previously had no access to formal banking services to send and receive money securely and efficiently. This innovation has since spread to other parts of Africa, improving financial inclusion and boosting economic growth.

 

 

 

 

Another sector where African entrepreneurs are making waves is agriculture. Africa has a rich agricultural heritage, but it has historically been plagued by issues such as insufficient access to markets, inadequate infrastructure, and climate change. However, entrepreneurs are using technology and innovative approaches to transform the sector. For instance, Farmcrowdy, a Nigerian startup, connects farmers with investors who provide them with the necessary resources to increase their productivity. These resources include funding, training, and access to markets. This model not only boosts agricultural productivity but also provides investors with a return on their investment.

 

 

 

 

 

Energy is another area where African entrepreneurs are driving innovation. Many parts of the continent still lack access to reliable and affordable energy sources. However, entrepreneurs are finding creative ways to address this challenge. For example, Solar Sister, a social enterprise operating in several African countries, trains and supports women entrepreneurs to sell affordable and clean solar lighting products in their communities. This not only provides communities with access to clean energy but also empowers women economically.

 

 

 

 

 

Furthermore, African entrepreneurs are also leading the way in sectors such as healthcare, education, and e-commerce. They are leveraging technology and local knowledge to develop solutions that meet the specific needs of African consumers. This not only drives economic growth and job creation but also improves the quality of life for millions of people across the continent.

 

 

 

 

 

Capital Luxury Group, a leading transit, logistics, real estate, auto and music company has been unveiled as the headline sponsor of Hajem Becoming Series Pitch deck competition by the duo of William and Meflyn AnwanA currently being deployed in Nigeria, Ghana, Rwanda, Egypt and South Africa on the www.becomingseries.ng online and offline platforms.

 

 

 

 

 

The company is noted for such social impact projects and initiatives aimed at touching the lives of people and creating positive social change.

According to Mr Edidiong Udoidiong the Ceo of Capital Luxury Group, “This is a good time to encourage the entrepreneurial spirit of young Africans as our continent is at economic crossroads. Our young entrepreneurs are going to be the ones that will beat the path to prosperity and we must help them. I can’t wait to see the innovative ideas that will be pitched.

 

 

 

 

 

The first phase of the pitch deck competition runs till 30th October 2023 after which the second phase kicks in where selected entrepreneurs would pitch their business ideas to Angel investors and venture capitalists in virtual and physical sessions.

 

 

 

 

 

During the Pitch Deck competition, young African entrepreneurs stand a chance of winning cash prizes, training facilitation for business funding, seed funds , business linkages etc . Capital Luxury Group is in pole position as it is splashing $20,000 in training facilitation and business funding.

 

 

 

 

 

Undoubtedly, Capital Luxury Global Resources, a multifaceted and prestige company with a commitment to providing unlimited luxury products and services is driving a new narrative in the business ecosystem in Africa.

 

 

 

 

 

Capital Luxury is committed to the concept of social impact for societal development and human index raise as they wholeheartedly embrace the conscientious responsibility in human capital development by partnering with educational institutions, non-profits, governments, etc in training and implementing development programs, thereby ensuring that individuals have access to career opportunities, training facilitation and business linkages to further position their businesses etc.

 

 

 

 

 

Their focus on nurturing talent and potentials strengthens the foundation for societal advancement and core functionalities targeted at emphasizing and uplifting marginalized communities to empowering individuals.

 

 

 

 

 

 

Social impact goes beyond monetary gains. It encompasses the positive changes in communities and individuals’ lives that result from targeted initiatives. Capital Luxury recognizes the significance of social impact in uplifting communities, empowering individuals, youths , women and creating a more equitable society.

 

 

 

 

 

African entrepreneurs are blazing a trail of innovation and demonstrating their potential to create lasting impact. They are leveraging technology, adopting innovative business models, and tackling pressing challenges to create solutions that are transforming their communities and industries. With the right support and conducive business environment, African entrepreneurs have the potential to continue driving innovation and contributing to the continent’s sustainable development.

 

 

 

 

 

In today’s world, organizations are not just expected to be profit-driven entities; they are also seen as agents of change and drivers of social impact. Their commitment to driving social impact serves as a catalyst for societal advancement tells a story.One such organization, Capital Luxury has emerged as a leader in integrating social impact as a core functionality in their operations.

 

AFRICAN ENTREPRENEURS ARE BEATING THE INNOVATION PATHWAY -CAPITAL LUXURY GROUP CEO

 

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Access Holdings: Imprints of a Thriving Banking Powerhouse

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Access Holdings: Imprints of a Thriving Banking Powerhouse, By Bolaji Israel

Access Holdings has continued to evolve and reinforce its corporate stature as a formidable force in Nigeria’s financial sector, demonstrating capacity for relentless growth, resilience and ambition through strategic expansion and innovative approaches. The entity owes its significant bulk to the Access Bank Group, supported by other allied services firms.

Also known as Access Corporation, the group has grown over the last 35 years to emerge as Nigeria’s largest financial holding company, offering services such as commercial banking, lending, payment, insurance, and asset management.

Though Access started off as a corporate bank, it swiftly expanded into personal and business banking in 2012, solidifying its role as a well rounded financial solutions provider.

In his memoir, ‘Leaving the Tarmac: Buying a Bank in Africa, ‘ Aigboje Aig-Imoukhuede detailed how himself and his partner, Herbert Wigwe walked the delicate path of buying Access Bank and never looked back since.

The bank’s acquisition in March 2022 by the maverick duo of Aig-Imoukhuede and Wigwe, which changed its entire growth, profit and branding trajectory as well as its merger with Diamond Bank in 2019 which shot up its customer base to over 42 million, granting it a status of the largest bank in Africa by customer base and the largest in Nigeria by assets, form a part of its remarkable and turnaround milestone.

With a keen focus on digitisation-driven growth and customer satisfaction, it has not only solidified its status in Nigeria but has also set its sights on becoming a formidable player in the international banking arena.

The group’s growth and expansion drive has been marked by a series of strategic acquisitions and mergers aimed at enhancing its market presence and delivering value to customers. In 2021, Access Bank acquired African Banking Corporation (ABC Holdings), a move that significantly bolstered its operations in Southern Africa. This acquisition allowed Access Bank to enter markets such as Botswana, Mozambique, and Zambia, thereby enhancing its regional footprint and customer base.

In addition to its African ventures, Access Holding has been eyeing opportunities in Europe and Asia. Recent announcements highlight the bank’s interest in potential partnerships and acquisitions that could facilitate its entry into these lucrative markets. The bank’s management has stated, “We are committed to diversifying our operations and exploring new markets that align with our growth strategy.”

The results of the expansion efforts have been promising. For the year ending 2023, Access Holding reported a staggering 300 percent growth in profit after tax to N612.4 billion, from N204.1 billion in 2022. This represents the largest profit ever recorded by the company, under the leadership of its late co-founder, Herbert Wigwe.

It revenue soared by 80% to N2.6 trillion, from N1.4 trillion in 2022 while assets rose by 78% to N26.7 trillion, from N14.99 trillion in 2022, marking a significant growth trajectory that positions Access Holding as one of Nigeria’s largest and most influential banks.

Leading Force in Financial Sector

Access Holding’s influence in the financial sector extends beyond its impressive growth metrics. The bank has taken on a leading role in advocating for financial inclusion and economic empowerment across Nigeria and Africa. Through various initiatives, Access Holdings is committed to providing access to banking services for underserved populations, thereby contributing to the broader goal of economic development.

The bank’s emphasis on technology and innovation has positioned it as a leader in the digital banking space, setting benchmarks for other financial institutions to follow. By continuously enhancing its service offerings and embracing new technologies, Access Holding is shaping the future of banking in Nigeria and beyond.

Innovations and Technological Advancements

Access has prioritized innovation as a cornerstone of its growth strategy. Over the past two years, the bank has invested heavily in upgrading its technology infrastructure to provide customers with seamless and efficient banking experiences. The launch of a robust digital banking platform is a clear testament to this commitment. The improved platform allows customers to perform a wide range of transactions, from fund transfers to bill payments, all from the convenience of their mobile devices.

The bank’s mobile banking app has also seen significant upgrades, incorporating features such as biometric authentication, personalized financial insights, and enhanced security protocols. These innovations have resulted in a marked increase in user engagement, with over 10 million active users reported in 2024.

Moreover, Access has revitalized its Point of Sale (POS) services to cater to the growing demand for cashless transactions. The bank has deployed thousands of POS terminals across Nigeria, facilitating secure and efficient payment solutions for businesses and consumers alike.

Leadership and Succession

The unfortunate demise of Dr Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer and former Group Managing Director of its flagship subsidiary, Access Bank Plc on Friday, February 9, 2024, in a helicopter accident in the United States of America, would have constituted a permanent clog for any company without a formidable structure.

Access Holdings has however been able to rise above the dark moment and steadied the ship with the return of Aigboje Aig-Imoukhuede as Chairman and emergence of Bolaji Agbede as GCEO. The swift realignment is a clear testament to the group’s ability to deftly manage succession.

Growth Outlook and Ambition

Access growth results and targets highlight its ambitious nature. The banking group aims to achieve a market capitalization of ₦10 trillion by 2025, with plans to expand its customer base to over 50 million across its operational territories. This ambition is supported by strategic partnerships and potential mergers, not only within Nigeria but globally.

Analysts have noted that Access Holdings is well-positioned to capitalise on the growing demand for financial services across Africa and beyond. With a solid foundation and an eye on expansion, the bank is poised to become a leading financial institution on the global stage.

The landscape of mergers and acquisitions in the banking sector has been vibrant, and Access Holdings is keen on exploring potential opportunities. In Nigeria, the banking industry has witnessed a wave of consolidation, with several banks seeking to enhance their market positions through strategic mergers. Access has expressed interest in potential acquisitions that align with its growth strategy, particularly in the areas of technology and customer service.

Globally, the banking group is also exploring partnerships that can facilitate its entry into new markets. The management has indicated that Access Holding is open to collaborating with fintech companies and other financial institutions that can complement its service offerings and enhance customer value.

Awards and Commendations

Access Corp’s commitment to excellence and innovation has earned it numerous accolades over the past year. The bank was recognized as the “Best Bank in Nigeria” at the Global Finance Awards, a prestigious honour that underscores its leadership position in the industry. Additionally, the bank received the “Most Innovative Bank” award at the African Banking Awards, highlighting its commitment to embracing technology and improving customer experiences.

These awards reflect a solid dedication to maintaining high standards of service and its ability to adapt to the rapidly changing financial landscape.

Access Holdings trajeectory stands as a testament to what can be achieved through strategic expansion, innovation, and effective leadership. With its aggressive growth strategy, commitment to technological advancement, and dedication to customer satisfaction, it is firmly establishing itself as a thriving banking conglomerate.

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Adron Homes Marks 13 Years of Redefining Real Estate in Nigeria

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Adron Homes Marks 13 Years of Redefining Real Estate in Nigeria

Adron Homes Marks 13 Years of Redefining Real Estate in Nigeria

 

Adron Homes and Properties, Nigeria’s foremost real estate development company, proudly celebrates 13 years of transforming dreams into reality. Since its inception, Adron Homes has been at the forefront of providing affordable yet luxurious housing, making homeownership accessible to Nigerians across all socioeconomic classes.

 

With an unwavering vision to bridge the housing deficit, Adron Homes has set new industry standards, delivering thousands of high-quality homes in prime locations, including Lagos, Ogun, Oyo, Abuja, and Nasarawa. Through strategic expansions, the company continues to shape Nigeria’s modern real estate landscape.

 

Reflecting on this milestone, Adron Homes’ Chairman/CEO, Aare Adetola EmmanuelKing, expressed gratitude to clients, stakeholders, and staff for their support. “Our 13-year journey has been defined by resilience, innovation, and a relentless pursuit of excellence. We are proud of our impact and even more excited about the future as we continue to revolutionize real estate with world-class housing projects.”

 

Adron Homes’ success is built on its customer-centric approach, offering flexible payment plans that make property ownership stress-free. Beyond housing, the company has pioneered infrastructure development in its estates, ensuring residents enjoy premium amenities, security, and sustainable living environments.

To mark this anniversary, Adron Homes has unveiled a series of customer appreciation initiatives, including exclusive discounts, giveaways, and impactful CSR projects to give back to the community.

Looking ahead, Adron Homes remains committed to redefining real estate through innovation, strategic growth, and an unwavering dedication to customer satisfactions.

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Rite Foods Partners NASRE Foundation to Support Ailing Journalists

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Rite Foods Partners NASRE Foundation to Support Ailing Journalists

*Rite Foods Partners NASRE Foundation to Support Ailing Journalists

 

Rite Foods Limited, a leading indigenous manufacturer in the Food & Beverages sector, has partnered the Noble Association of Social and Resourceful Editors(NASRE) Foundation to provide support for ailing journalists and widows of deceased media practitioners in the country.

 

 

This collaboration comes as part of NASRE’s ongoing efforts to assist journalists facing health challenges across the country, having embarked on three outreach programmes last year.

Rite Foods Partners NASRE Foundation to Support Ailing Journalists

The NASRE team was warmly received on Wednesday, February 5th, 2025, by the management of Rite Foods at its Head Office in Ikeja, Lagos State.

Receiving NASRE team on behalf of the Managing Director of the company, Mr. Saleem Adegunwa, the Head of Corporate Communications and Brand Management , Mr. Ekuma Eze was elated with the visit.

Earlier during the visit, the Public Relations Officer (PRO) of NASRE, Mr. Adeyemi Obadimu had outlined the foundation’s mission and the purpose of the meeting. He revealed the health and financial challenges facing most veteran journalists, who had, during their active years, served the country meritoriously, but are now struggling to survive.

Obadimu highlighted that NASRE’s outreach programme last year was a success, benefiting over 70 individuals, including journalists suffering from partial stroke, widows, and widowers of deceased practitioners . He emphasised the importance of taking care of journalists in need, especially, the veterans who have contributed greatly to the industry.

“Journalism is a thankless job, and as much as we may be appreciated in our bylines, it is crucial that we care for our colleagues who have dedicated their lives to the profession,” said Obadimu.

Butressing his point, the Director, Public Engagement, Mr. Bunmi Obarotimi who represented the President of the association, Mr. Femi Oyewale said: “NASRE’s intends to launch the Foundation officially in this current year and we are proud to have Rite Foods as our partner going forward.”

In his response, Ekuma Eze commended NASRE Foundation for its noble and impactful initiatives, recognising the significant difference it has made in the lives of journalists and their families. He praised the foundation’s efforts in providing assistance to over 70 journalists and their dependents last year. Eze reiterated Rite Foods’ unwavering commitment to supporting initiatives that foster the well-being of the media community.

“At Rite Foods, we are deeply invested in contributing to the development of our society. We understand the importance of health and well-being, especially for those who dedicate their lives to sharing vital information with the public. We believe in the mission of NASRE and are committed to supporting your work in every way possible,” Eze stated.

“This partnership will go beyond just providing financial support; we are dedicated to helping create an ecosystem where journalists can thrive, even in the face of adversity,” he added.

He also spoke about the company’s long-term goals, highlighting Rite Foods’ plan to expand beyond Nigeria and into other African countries. “We have exciting plans for the future,” he added. “Rite Foods is committed to not only strengthening its footprint within Nigeria but also extending our reach to the wider African continent. We believe that our growth will not only benefit our business but also contribute to the national economy, creates job opportunities, and foster the development of the beverage and food sectors.”

Eze emphasised that Rite Foods has been actively involved in national economic development, focusing on reducing unemployment and improving service delivery. As one of the leading manufacturers in the beverage, drinks, and sausages sectors, Rite Foods remains committed to excellence in all its business operations, he said.

Through innovation, quality products, and partnerships like the one with NASRE, the company aims to continue breaking new ground in the industry.

He concluded that, “Our mission at Rite Foods is clear: to improve lives, deliver quality products, and contribute to the economic growth of Nigeria and Africa as a whole. We are proud to partner with organizations like NASRE that share our values of social responsibility and community development.”

The partnership between Rite Foods and NASRE marks a significant step in supporting the health and well-being of journalists, ensuring that those who have dedicated their careers to the industry receive the care and recognition they deserve.

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