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Heritage Bank tasks HB LAB start-ups on Nigeria becoming Africa ICT destination hub   

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Heritage Bank Plc, Nigeria’s most innovative banking service provider charged applicants of HB Lab start-ups to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa.

Executive Director of the bank, Jude Monye disclosed this at the launch of the maiden edition of the new innovation-driven concept, HB LAB yesterday, in Lagos.

Monye commended the 10 teams of contestants who made it to the LAB, whilst charging them to replicate the Rwanda’s ICT digital tech system feats.

He, however, canvassed for indigenous production of advanced technological systems, as against leaving the core job in the hands of foreigners.

Addressing the applicants, Monye said, as usual, the financial powerhouse is known for supporting and sponsoring investment ideas that have the potency of challenging the status quo with the motive of impacting positively on the critical sectors of the nation’s economy.

According to him, the management of Heritage Bank is always seeking viable business ideas that could compliment the fiscal policies of the government with the ultimate aim of growing and developing the aggregate economy.

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“At Heritage Bank, we help aspiring entrepreneurs to create, preserve and transfer wealth. What we are gathered here for today, is another moment of innovation-driven concept that is expected to provide startup enterprises with enabling environment, resources and support required to innovate and accelerate impactful solutions for the economic development drives,” he said.

For this maiden edition, Monye explained that Heritage Bank has ceded the professional handling of the 12-week competition to a consultancy firm…..According to him, this was done to allow for professionalism, fair-play and objectivity.

He further stated that his management was not really particular about any sector of the economy, as the winner could emerge from any industry as long as his proposal is strong enough to impact positively on the various sectors. His words: “We are not zeroing in on any particular idea or industry; we are more interested in the result achievable in different sectors.”

The application portal https://www.hblabs.com.ng/ which was launched on the 31st January 2019 closed on the 14thFebruary 2019.

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About 154 applicants who applied were reviewed 30 who made above average score and grouped into 10 Teams, whilst at the end of the 12 weeks programme will produce the best Tech start-up as a Team.

Similarly, Ike Williams, Directorate Head, Service Bank/Chief Information Officer, Heritage Bank congratulated the participants in attendance. He said for them to scale the first hurdle, it shows that the quality of their proposals was higher than that of their counterparts who were screened out.

He stated that the management of Heritage Bank and the consultants would be looking out for innovation, commitment, sincerity of purpose among other variables before any contestant could be picked as winner.

Meanwhile, Williams assured them that even if they do not win, the experience they would have gained while they are on the programme will be useful for them in growing their enterprises.

Among the participants at the launch are: Mile12Food; 365weddingedit; and TREP Labs. Others are: Simbibot, BBOX, Nesterpod, LadipoMarket.com, Fashion Map and Iden2five.

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FIDELITY PRIVATE BANKING HOSTS CLIENTS TO AN EXCLUSIVE EDUCATION ADVISORY FORUM

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Directorate Head, Corporate Bank, Obaro Odeghe presenting a plaque to the Managing Director, Quelu Konsult, Mrs. Margaret Anyigbo at the recently concluded Fidelity Private Banking Education Advisory Forum in Lagos.

Fidelity Private Banking Division organized an exclusive advisory forum at The Café in the Private Banking Suite, Ikoyi. The aim was to provide sufficient information and guidance for select clients who wish to have their children study abroad.

L-R: Managing Director, Lady Maker, Mrs. Ify Azubuike; Divisional Head, Private Banking, Fidelity Bank, Mrs. Chioma Nwankwo; and President/CEO, Anabel Group, Dr. Nicholas Okoye; at the recently concluded Fidelity Private Banking Education Advisory Forum

In her opening remarkes, the Divisional Head, Private Banking, Fidelity Bank Plc, Chioma Nwankwo noted that “Studying abroad is becoming more popular among Nigerian students as the country itself continues to pursue integration into the international landscape. The demand for professionals with global experience is rapidly increasing amongst local employers. Our Private Bank has therefore partnered with Quelu Advising Center over an interactive education advisory session to better equip our high net worth and ultra-high net worth clients for future engagements in this respect”.

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Quelu Educational Center is an advisory company operating under Shorelight group of companies working with top-tier universities to offer services to prospective students who wish to study abroad. The forum which provided sufficient information and guidelines extensively covered;

•               Student profiling

•               Advice on University selection

•               Finding Scholarship Opportunities

•               Application and Admission Process

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•               Visa Application preparation

•               New Educational System

•               Cultural Differences

•               USA, UK, Canada

•               Financial planning to fund school fees

Guests were treated to a scrumptious lunch afterwards.

The session is one of the fora that has been put together by the Division which targets the younger generation with necessary steps toward achieving a greater future as wealth is preserved from one generation to another.

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UBA Boss Advocates Curriculum Overhaul to Equip Graduates for Technology advancement

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The Group Executive Director of United Bank for Africa (UBA), Mr Liadi Ayoku, has called for the overhaul of the training curriculum in financial institutions across Africa to reflect current technological realities, which according to him will reflect the modern business expectations and ensure the relevance of graduates to the continent’s economic growth and aspiration.

Ayoku, said this while delivering a keynote address during the annual lecture of the Faculty of Management Sciences, Lagos State University (LASU) titled: “The Future of Finance – Technology at Play” on Wednesday. He explained that finance graduates and professionals must be aware that it was no longer business as usual following the fast-changing technological landscape.

He said, “I am not certain if the finance and accounting graduates of today are familiar with modern financial softwares packages, including global accounting and financial reporting standards.

“Have they been imbibed with the ready-to-market soft skills like leadership, communication, commercial acumen, flexibility/openness to change and strategic vision? “If not, I will like to propose an overhaul of the curriculum to accommodate these,” he noted.

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Ayoku further explained that with technology replacing basic financing, the finance professional that would excel in the future must be quick to retool and adapt to changes.

“Traditional knowledge of finance is getting stale in today’s business world and indeed there is dire need for retooling our skills if we must remain relevant n tomorrow’s financial world. Technology is fast replacing the basics of finance,” he surmised.

According to Ayoku, financial reporting is increasingly being automated, just as data analytics is demystifying performance analysis. Tomorrow’s finance professionals must have capabilities for business intelligence and cognitive analysis. “We must apprise ourselves of the most recent technology and continue to retool our skills to remain relevant today and into the future,” Ayoku said.

Regional Director, United Bank for Africa Plc, Ms Emem Usoro; Executive Director and Guest Lecturer, Mr. Liadi Ayoku; and Deputy Vice Chancellor, Lagos State University, (LASU), Prof. Oyedamola Oke, during the 2019 Annual Guest Lecture of the Faculty of Management Sciences (FMS) delivered by Mr Liadi titled: The Future of Finance; Technology at Play, held at the University campus in Ojo on Wednesday

Deputy Vice Chancellor, Lagos State University, (LASU), Prof. Oyedamola Oke; Executive Director and Guest Lecturer, Mr. Liadi Ayoku; Dean, Faculty of Management Science, LASU, Prof. Babatunde Yusuf; and Executive Secretary, Institute of Entrepreneurship and Chairman of the Occasion, Dr Rotimi Oladele, during the 2019 Annual Guest Lecture of the Faculty of Management Sciences (FMS) delivered by Mr Liadi titled: The Future of Finance; Technology at Play, held at the University campus in Ojo on Wednesday

Deputy Vice Chancellor, Lagos State University, (LASU), Prof. Oyedamola Oke; Executive Director and Guest Lecturer, Mr. Liadi Ayoku; Regional Director, United Bank for Africa Plc, Ms Emem Usoro; and Dean, Faculty of Management Science, Prof. Babatunde Yusuf, during the 2019 Annual Guest Lecture of the Faculty of Management Sciences (FMS) delivered by Mr Liadi titled: The Future of Finance; Technology at Play, held at the University campus in Ojo on Wednesday

The Chairman of the occasion, Dr Rotimi Oladele, the Executive Secretary, Institute of Entrepreneurship, commended Ayoku for delivering a profound paper worthy of equipping account graduates for a future driven by technology while also praising the Chairman of UBA, Mr Tony Elumelu for his contribution to entrepreneurship in Africa, describing him as a ‘global brand of the rarest value’.  He said LASU would benefit from its collaboration with the entrepreneur.

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“No doubt Tony Elumelu is not just a Nigerian of rare value to Nigeria but a Premium African of rarer value and of course a Global Brand of rarest value. Tony Elumelu today as an ultrapreneur is known all over for breeding entrepreneurs and start-ups in thousands and with millions of dollars ceaselessly in support for sustainability.

“We believe LASU partnering with Elumelu could be the best testimonial of befitting support to the most multi-cultural and multi-tribal university in Nigeria. The profile of LASU Staff and studentship speak for this fact,” he said.

The LASU Vice-Chancellor, Prof Lanre Fagbohun, represented by the Deputy Vice-Chancellor, Prof Oyedamola Oke, thanked UBA for its support and sponsorship noting that a bank that believes in the support of education is indeed a special institution.

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Presidents of Rwanda, Senegal and DRC to Speak at the Largest Annual Gathering of African Entrepreneurs—Tony Elumelu Foundation Entrepreneurship Forum

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African Entrepreneurs

 

  • Over 5,000 participants and 40 speakers expected at the Transcorp Hilton Hotel, Abuja
  • Forum to Feature Plenary Sessions, Masterclasses, a Pitching Competition, Networking Opportunities, UBA Marketplace and the Presidential Dialogue

 

The Tony Elumelu Foundation (TEF), Africa’s champion of entrepreneurship, has announced the line-up of speakers and activities for the 5th Tony Elumelu Foundation Entrepreneurship Forum — the largest annual gathering of African entrepreneurs and the African entrepreneurship ecosystem.



 

For the Forum’s Presidential Dialogue, the President of the Democratic Republic of Congo (DRC), H.E Félix Tshisekedi will join previously announced President of Rwanda, H.E Paul Kagame and President of Senegal, H.E Macky Sall, in an interactive, charged plenary session that opens Day 2 of the Forum. The Presidential Dialogue will be moderated by TEF Founder, Tony O. Elumelu, CON, and will feature all three presidents engaging directly with an audience of 5,000, comprising of entrepreneurs, policymakers, investors and business leaders, with thousands of people interacting live online, through TEFConnect.

 

The Forum presents the largest single annual opportunity for entrepreneurs and policy makers to interact directly and all sessions at the Forum have private sector and public sector leaders anchor panel discussions, masterclasses, and a dynamic pitching competition that will engage an audience of start-up entrepreneurs, development institutions, and policymakers.



 

The speakers expected for this year’s Forum include Prof. Benedict Oramah, President of African Export-Import (AFREXIMBANK); Dr. Akinwumi Adesina, President of African Development Bank (AFDB); Dr. Awele Elumelu, Trustee, Tony Elumelu Foundation and Founder, Avon Medical; Kennedy Uzoka, Group CEO, UBA Group Plc; Mrs. Djene Kaba Conde, First Lady, Guinea; amongst other notable global business leaders. 

 

Every year, the Tony Elumelu Foundation hosts the largest gathering of African entrepreneurs, policymakers and business leaders in one location. This year’s Forum, themed “Empowering African Entrepreneurs”, will take place at the iconic Transcorp Hilton Hotel, in Nigeria’s capital city of Abuja. The Forum will also include the UBA Marketplace, where UBA, Africa’s global bank, brings together businesses from across the continent.  

 

At the 2018 forum, TEFConnect, the largest digital platform for African entrepreneurs was launched to connect entrepreneurs to the opportunities they need for business success. TEFConnect will take centre stage at this year’s Forum as global debates move to technology as a key driver of economic development in Africa.

 

For more information: https://www.tonyelumelufoundation.org/forum2019

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