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Ekiti Accident: Dangote Refutes Claim It’s Truck Killed 20 People

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Dangote Farms commissions tomatoes nursery to provide seedlings for farmers

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In a bid to make Nigeria self-sufficient in tomato production, Dangote Tomatoes Processing Limited, owned by the younger brother of Africa’s richest man, Sani Dangote, has unveiled a N2.8 billion greenhouse nursery in Kano to supply the best quality tomato seedlings to Nigerian farmers.

 

Speaking on the project, Sani Dangote said the nursery is designed to use the automated Pat Moose planting technology, the first of its kind in Nigeria and has the capacity to process 350 million tonnes of hybrid tomato seedlings per season enabling the planting of 12,000 hectares of tomato farm. The pat moose process takes three weeks before proceeding to the next stage reducing the whole process of growing tomatoes to just 3 months.

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He stated that Nigeria consumes about 2.3 million tonnes of tomatoes annually and with the establishment of the nursery, “we have created capacity to triple tomato production, attaining self-sufficiency in tomato production as well as potentially exporting surplus to neighboring countries.

“Furthermore, this nursery will produce the highest quality tomato seedling available meaning that the farmers can grow the highest yield tomatoes. Currently, the yields produced by Nigerian farmers are less than the global standard. As a result, farmers will be able to earn more income from selling higher volumes of harvests each season.

Also Read:  Dangote Donates N2bn to Borno IDPs

“Nigeria is on a trajectory to becoming self-sufficient in rice, tomatoes and poultry production. This means that millions of jobs will be created for her citizens.”, Sani Dangote explained.

The African continent imports $40 billion of food annually despite having 65% of the world’s arable land. The public-private model on-going in Nigeria could be adopted by other African countries to also attain self-sufficiency in food production.

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10 Years Impact: Tony Elumelu Foundation Enhances Its Flagship Entrepreneurship Programme  

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  • On the heels of the tenth anniversary of the Tony Elumelu Foundation (TEF), the private-sector-led philanthropy focused on empowering African entrepreneurs has enhanced its flagship Entrepreneurship Programme to empower more entrepreneurs across the continent.

These enhancements, which took effect from January 1, 2020—the launch of the 6th cycle of the Programme—will achieve the Foundation’s mandate to transform the African continent through entrepreneurship.

Princess Adeyinka Tekenah, TEF Alumnus from Nigeria with her locally sourced and processed coffee

Most prominent among the enhancements are the new dates in the Programme cycle, its emphasis on providing thousands of entrepreneurs with business training, and its focus on leveraging technology to optimise the application and selection process as well as personalise the journey of each applicant in the Programme tailored to their knowledge and business stage.

The Programme cycle has been updated to place more emphasis on getting more entrepreneurs through the business training. Hence, the announcement of the finalists, who will ultimately be inducted into the TEF Alumni network, will no longer be held on March 22 but will be made at the TEF Forum – the largest entrepreneurship conference in Africa.

Mohammed Dhaouafi, TEF Alumnus from Tunisia with his affordable, 3D printed, bionic customiseable prosthesis.

Maximising the value derived from the Programme, applicants will now receive instant feedback on their progress to the next stage of the Programme, following their applications. Shortlisted applicants will receive business training tailored to their business stage and for those who move to the next stage mentorship and finally the top performing entrepreneurs from each country will proceed to the business pitching competition, which will determine the finalists to receive seed capital and an induction into the Foundation’s fast-growing alumni network across 54 African countries.

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The TEF Entrepreneurship Programme is the $100million commitment by investor and philanthropist, Tony O. Elumelu, CON through his investment company, Heirs Holdings. The Programme has become a beacon of hope for African entrepreneurs, currently empowering 9,631 beneficiaries across 54 African countries with training, mentorship, seed funding and exclusive access to global opportunities as well as a strong entrepreneurial community.

Also Read:  Dangote Donates N2bn to Borno IDPs

TEF Alumni such as Ugandan Kwabena Danso who manufactures bicycles and its accessories from bamboo is one of the thousands of beneficiaries whose business has expanded beyond the shores of Africa to a global market, and is one of the success stories and impact recorded by the Programme’s innovative approach to the sustainable development of Africa. Others include Mohammed Dhauoafi from Tunisia, founder of Cure, a  3D printed, biosynthetic prosthesis manufacturing company and Princess Adeyinka Tekenah from Nigeria whose coffee making business has been dubbed Africa’s Starbucks by The Financial Times.

The application for the 2020 cohort of the TEF Entrepreneurship Programme is open till March 1, 2020 on TEFConnect.com.

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Caption: Princess Adeyinka Tekenah, TEF Alumnus from Nigeria with her locally sourced and processed coffee 

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Caption: Mohammed Dhaouafi, TEF Alumnus from Tunisia with his affordable, 3D printed, bionic customiseable prosthesis.

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Nigeria Economic Outlook 2020: Jumia Chairwoman, Finance Minister, others to discuss new Finance Act impact on local businesses

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As the Federal Government of Nigeria sets to commence the implementation of the Finance Act 2019, the Chairwoman of Jumia Nigeria, Mrs Juliet Anammah will be joining the Finance Minister, Hajia Zainab Ahmed and other experts on Tuesday January 28 to lead a panel discussion on the implications of the new Finance Act at the Nigeria Economic Outlook 2020.

The experts are expected to take a holistic view of the provisions of the Act along the lines of its major components while proffering solutions for an effective administration of the policy.

Joining Anammah and the Honourable Minister are Chief Executive Officer of Chapel Hill Denham, Bolaji Balogun; Yomi Olugbenro, Partner and West Africa Tax Leader at Deloitte; Dinesh Rathi, Managing Director/Chief Executive Officer, Lagos Free Trade Zone (Tolaram Group) and Eme Essien Lore, Country Manager, International Finance Corporation. The panelists will deliberate on the policy as Nigerians brace up for its implementation.

The panelists will focus on key aspects of the Finance Act 2019 such as digital economy, global competitiveness and remodeling for full VAT system to grow the Nigerian economy. In addition, they will discuss issues around how the new Act affects the Value Added Tax (VAT), Companies Income Tax Act (CITA), Personal Income Tax Act (PITA), Petroleum Profit Tax Act (PPTA), Capital Gains Tax Act (CGTA), Customs and Excise Management Act (CEMA) and Stamps Duties Act (SDA).

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It would be recalled that in 2018, the Nigerian government set in motion an amendment to the existing fiscal policy in the country. A major highlight of the review was the value added tax, which by the 2019 Act has been reviewed upwards to 7.5% from 5%.

Although the enactment of the Act has generated some criticism among Nigerians, the government had maintained that the new Act would serve the country well in terms of its fiscal administration in the long run. The 2019 Financial Act seeks to promote fiscal equity, align domestic laws with global best practices and support Micro, Small and Medium Enterprises (MSMEs). The provisions of the policy will also increase government revenues and stakeholders’ investments in capital and investment market through the introduction of incentives.

Also Read:  How to achieve sustainable business growth-Ibukun Awosika

 

About Jumia

Jumia is a leading e-commerce platform in Africa. It is built around a marketplace, Jumia Logistics, and JumiaPay. The marketplace helps millions of consumers and sellers to connect and transact. Jumia Logistics enables the delivery of millions of packages through our network of local partners. JumiaPay facilitates the payments of online transactions for Jumia’s ecosystem. With over 1 billion people and 500 million internet users in Africa, Jumia believes that e-commerce is making people’s lives easier by helping them shop and pay for millions of products at the best prices wherever they live. E-commerce is also creating new opportunities for SMEs to grow, and job opportunities for a new generation to thrive.

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