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Keystone Bank, Afreximbank, others partner to promote African Creative Industry

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Keystone Bank Limited has re-emphasised its commitment to the growth and development of the Africa’s creative industry as the lender recently partnered with the African Export-Import Bank (Afreximbank) and other multilateral agencies to host the maiden edition of the Creative Africa Exchange Weekend (CAX WKND) in Kigali, Rwanda.

According to the organizers, the Creative Africa Exchange Weekend is Africa’s first continental event dedicated to promoting exchange within the creative and cultural industry.

“CAX is a consolidated marketplace for the creative and cultural industry. It was developed as the catalyst that brings together the identified assets and resources within the creative industry’s ecosystem, enabled by cutting-edge technology to consolidate the resources that create a viable, monetizable and impactful African creative and cultural economy.

“CAX aims to facilitate investments into the industry through trade, industrialization and provision of critical infrastructure to support the transformation of Africa through mobilizing continental initiatives such as African Continental Free Trade Agreements,” it stated.

Commenting on the bank’s involvement, Keystone Bank executive director, Adeyemi Odusanya said: “There is a misconception of ‘mistrust’ between creative industry practitioners and the banking community, rather the issue is, both parties need to seek better understanding of their respective peculiarities.

“For instance, creative industry practitioners are concerned of the stringent conditions of accessing finances from banks, while the bankers intend to comply with their mandate of protecting depositors’ assets, provide optimum return on investment to investors as much as reducing their cost of risk.

“These concerns call for greater partnership/collaborations between both parties with putting together structures and platform that address the issues of intellectual properties, legal systems as well as the protection of the value chain framework for ease of advocacy and execution of common goals.

“In the motion industry, most finances are targeted at content development and production (which ideally should be financed by equity, while the real obstacles are the packaging, marketing and distribution stages which might require financing for the real heavy lifting for that business.

“Hence, focus should be on developing a platform (like physical/virtual room) and structure for knowledge sharing and collaboration.”

On its part, at the event, Afreximbank announced a $500 million support for the production and trade of African cultural

and creative products over the next two years.

President of the bank, Prof. Benedict Oramah, told guests that the funds, which would build on what the bank was already doing, would be accessible as lines of credit to banks, direct financing to operators and as guarantees. He said the creative economy was increasingly recognized as a significant sector and meaningful contributor to Africa’s gross domestic product and that the cultural and creative industries catalysed economic growth by stering more inclusive, connected and collaborative societies.

Keystone Bank is a technology and service-driven commercial bank offering convenient and reliable solutions to its customers.

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Richard Quest Visit Management Of Fidelity Bank Plc

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CNN Anchor, Richard Quest (left) engaging with Managing Director/CEO, Fidelity Bank, Nnamdi Okonkwo on SME lending and leveraging digital channels to deepen financial inclusion in Nigeria… Monday

CNN Anchor, Richard Quest, paid a courtesy visit on the Management of Fidelity Bank Plc on Monday, February 12.

During the visit, he engaged the team on several issues including SME lending and leveraging digital channels to deepen financial inclusion in Nigeria.

www.theoctopusnews.com, presents pictures from the event.

(more…)

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3,000 Undergraduates Benefit From Fidelity Youth Empowerment Programme

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Fidelity Bank Plc, has trained over 3,000 undergraduates from various tertiary institution on skills acquisition through its youth empowerment programme. Nnamdi Okonkwo, the bank’s CEO made this disclosure Friday during the closing ceremony of the Fidelity Youth Empowerment Academy (FYEA) held at the Sokoto State University (SSU) in Sokoto.

“The students were drawn from the 5 institutions that have benefitted from the banks youth empowerment initiative that aims to teach vocational and entrepreneurship skills”, he stated.

Okonkwo who was represented by the Head, Corporate Social Responsibility (CSR) and Sustainability, Fidelity Bank, Mr. Chris Nnakwe called on Nigerian youths to embrace entrepreneurship and create wealth for themselves instead of searching endlessly for non-existing paid jobs.

Organised as part of the bank’s CSR intervention, Nnakwe pointed out that the programme now in its 7th edition seeks to empower the Nigerian undergraduate with skills and enterprise training, which are relevant for self-reliance.

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He stated that the bank had organised the programme in various institutions of higher learning including the University of Nigeria, Nsukka; Waziri Umar Federal Polytechnic, Birnin-Kebbi; Federal Polytechnic Oko, Anambra State; Rivers State University of Science and Technology, Port Harcourt; Bayero University, Kano and Nnamdi Azikiwe University, Awka.

For the Sokoto edition, Nnakwe stated the bank has expanded the scope of the programme in a bid to accommodate new areas of vocational training. Apart from the typical training on tailoring and make-up, he noted that participants were also provided with requisite skills and first-hand knowledge in Fashion Designing, Cloth Embellishment, Cocktail and Phone Engineering among others. “We in Fidelity Bank have targeted programmes on education, environment and youth empowerment. This one you are witnessing today is part of fulfilling our promises to the society,” Nnakwe said.

According to him, the youths were trained to acquire skills to enable them to become self-reliant and also make them employers of labours even while in school. He disclosed that at the end of the training, starter packs would be given to each participant to enable him or her to commence business.

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Speaking earlier at the opening ceremony, the Governor of Sokoto State Aminu Tambuwal, thanked Fidelity Bank for choosing the school for the programme. Tambuwal, stressed that as a responsible government his administration has prioritised the welfare of the youths in the state. He enjoined the participants to stay focused and concentrate in order to benefit from the training.

In the same vein, the Vice Chancellor, Sokoto State University, Prof. Sani Dangogo, thanked Fidelity Bank for the gesture, saying the training would go a long way in alleviating the financial burden of the students.

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2020 GTBank Lagos Polo Leighton Kings are Majek champions NRT, RCF win Low, Governor’s Cups

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The 2020 GTBank Lagos International Polo Tournament ended on a flourishing note Sunday with Lagos Leighton Kings clinching the prestigious Majekodunmi Cup 10-5 at the expense of Lintex Agad.
NRT also clinched the Low Cup while RCF win the Governor’s Cup.
Speaker of the House of Representatives Hon. Femi Gbajabiamila, Lagos State Governor Babajide Sanwoolu, his Deputy, Obafemi Hamzat, Governor Dapo Abiodun of Ogun State, Kwara state governor, Abdulrahman Abdulrazaq; Alhaji Aliko Dangote and MD/CEO GTBank,  Mr Segun Agbaje led the large roll call of dignitaries for a colourful ending to a memorable tournament which featured an unprecedented 39 teams.
The Kings, which had Bowale Jolaosho, Bello Buba, Raul Laplacette and Manuel Crespo, were aiming for an unprecedented four title wins having won the Oba of Lagos Cup, Open Cup, Italian Ambassador’s Cup but were pushed all through in the opening and second chukkas by Agad which paraded Sodiq Dantata, Bashir Dantata, Chris McKenzie and Thomas Lorente.
The Kings’ superiority eventually came to fore in from the third all through the end of the six-chukka match as they coasted to victory with five clear goals.
In the  Low Cup final, which was the penultimate match of the dual-phase tournament, Timi Badiru scored a high – goal with less than two minutes to play as NRT survived a late surge by STL for a 9 ½ – 8 triumph over their fellow Lagos side.
Englishman Dorian Bulteau – playing for the first time in Arfica – was pivotal to the priceless win scoring a handful of the goals for the team who also featured Tomi Ojora and Yasin Amusan.
The Governor’s Cup went the way of Lagos RCF A+ with Argentine five-goaler Andre Crespo leading the home team’s resurgence.
Nasariya were leading 4-1 as at the tail end of the penultimate third chukka but four straight goals by RCF three of which came off the mallet of the South American and one from Mohammed Dangote completed a remarkable turnaround.
Herein below is the caption to the picture attached-
L-R Speaker,  House of Representatives, Federal Republic of Nigeria,Hon. Femi Gbajabiamila; Governor,  Lagos State, Mr. Babajide Sanwo-olu; Governor,  Ogun State,Mr. Dapo Abiodun and Executive Director,  Gtbank,  Mr. Hassan Musa during the presentation of the trophy at the Final of the Majekodunmi Polo Tournament sponsored by Gtbank in Lagos, at the weekend.
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