Tag: Aliko Dangote

  • ‘My encounters  with eight African Presidents, others’

    ‘My encounters with eight African Presidents, others’

    Zuriel Oduwole, 10, who lives in California in the United States last week made history as the youngest person to be interviewed by Forbes. Miss Oduwole, who was an invited guest to the African Union 50th anniversary, has interviewed leading African personalities, including eight  African Presidents, Africa’s richest person Aliko Dangote and tennis super stars – Venus  and  Serena Williams. In this online interview with Lekan Otufodunrin, Zuriel gives an insight on her incredible feat and her Rebrand Africa project to make a case for the girl-child in the continent.

    What is the origin of your interest in media and communication, especially personality interviews?

    The origin of me creating documentaries started with a school project. When I was nine, I entered a school competition called, “National History Day.” And I was the youngest student to enter the competition. In that competition, I had to create a presentation, an exhibit, a performance, or a documentary.

    So I chose to do a documentary, because I thought using media would be a better way to show something positive about Africa. If I did a performance or a presentation or an exhibit, no one, besides the judges, were allowed to come into the room while I was presenting it.

    But with a documentary, whoever wanted to come in and watch it could. So if I did a documentary, more people would be able to see Africa in the way I see it.

    And that documentary could lead on to positive and greater things for Africa. I like to show the rest of the world the positive things about Africa, through my documentaries. One of my documentaries won an award in the largest county in the United States. My documentary has also chronicled the impact of the OAU on Africa. Do you know I write my own scripts, I produce my own documentaries, I shoot my own scenes, I do my own voice over, I edit my own documentaries, and I co –direct my documentaries. I am an African Child – a Nigerian Girl Child.

    How much of your Nigerian and African heritage has impacted on your life?

    Oh I would say a lot. Since I want to show the world the positive side of Africa, my African heritage has helped me a lot. I know where my roots are from on the African continent because my dad’s family and my mum’s family are from two different parts of Africa, and I lived in Africa in both regions for periods of time.

    I have not always lived in California. So, when I watch the news, I always see bad things being said about Africa, like the wars and famine going on. And I don’t like seeing those things being said about my home country, even though it happens. It is how they say it that is unfair.

    If I was American, I would still want to help Africa. But because I am African, I feel the need more to help Africa than I if I was just American. It is like helping your own people.

    There are some problems, like the power going off. But do you know that there are times the power goes off in the United States as well. The only difference is they fix it very quickly, or bring it back very quickly. So, we all need to help.

    I read in the papers that General Electric is now in Nigeria doing the power. That is very good, because the children need to study at night for school.

    Why are you passionate about your Dream up, Speak up and Stand up for African renaissance campaign?

    I think my programme, Dream up, Speak up, and Stand up will help the new African era, by helping the girl- child. It is the best way I can help. Other people do things as well like have foundations, or do charities and raise money, but for me, my best way is to work very hard, and be an example. So that means when I say Dream up, they can see I am living the dream and so can they, when I say Speak up, they can see me speaking to World leaders, and when I say Stand up, they can see me standing up for the African Girl child. Also, I am hoping that the parents of girls in Africa will see me as an example, and see that their girls have a lot of potential in life, and can achieve great things in life. Even though they might have very little as some of them do, they can still push harder to get their girls to school, or find more ways to get them educated.

    When I launched the project in Nigeria in March this year, it was very good to have the support of the Lagos Business Schools communication’s department, the US Consulate in Lagos, Protea Ikeja Hotel and Federal Palace Hotel too. They supported the project. So now, I am going to other regions of Africa to launch the project next.

    What is your impression of the African leaders and others you have interviewed and what advice do you have for them?

    First I have to say the whole experience was really cool. They were all very kind and very warm and friendly to me. I think some of them were surprised by my questions, because only one of the Presidents I have met asked me to send the questions before I arrived for the interviews.

    The other seven did not. For example, President Ellen Johnson of Liberia by the time when I asked her the third question said to me you are a tough interviewer, and everyone laughed.

    Also, when I asked President Jonathan how much Goodluck his name has brought to Nigeria, he laughed as well, and then answered. President Fonseca of Cape Verde said he was one a University Professor and has seen many questions, but none like mine, and he invited me to come to his country to inspire the girls.

    President Joyce Banda of Malawi was also surprised by my question. She said when she was my age, she never dreamt of doing things like I was doing, but that she is inspired that I have the boldness to go and interview heads of states.

    Some Presidents hugged me after the interviews, some called me their daughter, some kissed me on the head; they were all very kind. And when I saw some again at the AU last May, they were excited to see me again, like President Kikwete of Tanzania. He spent some time talking to me and kept his entourage waiting. I saw people asking who that girl is. It was a special time for me.

    President Kufuor was also happy to see me again at the AU because I had interviewed him last year in Kumasi, and he remembered me very well. He then introduced me to his friend, President Obasanjo, and then we took pictures together. I don’t have any advice for them because they are older, but I like everyone to know that educating and fighting for the education of the Africa Girl Child, is an investment in Africa. I hope you think so too.

    What is your reaction to being touted as the next Larry King?

    I am just doing my best. Larry King has accomplished many great things in his life. He, like me, has also interviewed many people like sports persons, leaders of countries, leaders in business and we all do it for many reasons. He has done many great things at his age, and that is Larry King.

    I have also tried to accomplish some things but because I want to show what the Girl Child can do, if they are educated, and encouraged. Just imagine all 5, or 8, or 10 or 12 year olds especially in Africa being given an opportunity to go to school and have real dreams.

    It means Africa would be a more developed and have more qualified leaders 10 years from now or 15 years from now. Because it means we would be 20 years old or 25 years old or 30 years old then.

    How supportive are your parents in your campaign?

    My mum and dad have been very, very supportive from the beginning. They are always supportive of me and my young siblings. It doesn’t matter if its Basketball, Music class, Soccer, or Cheerleading, they are always supportive and drive us to all our classes and events.

    Sometimes, I think it is a lot especially when me and one of my parents have to travel overseas for my interviews with Presidents because they have to make sacrifices like ask us to chose between something we wanted to do or me and my parent for the travel.

    I had to learn the meaning of opportunity cost when I was eight years old. Dad said it means choosing between two things and which one has the more value than the other, or which one would have the more potential in the future.

     

     

     

  • Barclays joins UBS in pursuit of African millionaires

    Barclays joins UBS in pursuit of African millionaires

    Barclays Plc (BARC) is joining Citigroup Inc. (C) and UBS AG (UBSN) in targeting millionaire clients in Africa as the continent’s fastest-growing economies swell a rich list topped by billionaires Aliko Dangote and Johann Rupert.

    Barclays Africa Group Ltd., in which the London-based bank will hold a 62.3 percent stake, is seeking to build on experience managing wealth in South Africa after acquiring eight African operations previously run by its parent. That expansion depends on regulators in countries including Kenya, Ghana and Mauritius, said Chief Executive Officer Maria Ramos.

    Employees pass signage for Barclays Plc outside the headquarters of Absa Group Ltd. in Johannesburg, South Africa. Aliko Dangote, Africa’s richest man, is benefiting from the continent’s economic growth, adding $6.7 billion to his wealth this year, according to the Bloomberg Billionaires Index. “It’s potentially a very exciting opportunity,” Ramos said in an interview in Johannesburg on July 30.

    The number of Africans with at least $1 million of investable assets climbed 9.9 percent to 140,000 in 2012, according to a report published on June 18 by Cap Gemini SA (CAP) and Royal Bank of Canada. That was the fastest rate of increase outside North America as the economies of countries such as Nigeria and Ghana grew at more than 5 percent last year.

    “It’s a great time for private banking, wealth management and asset management in Africa,” Mark Mobius, who oversees $53 billion as executive chairman of Templeton Emerging Markets Group, said in an interview on June 28.

    About 42 percent of the millionaires in Africa and the Middle East are prioritizing wealth accumulation, a higher proportion than in North America, Europe or Asia, the Cap Gemini report showed.

    UBS, the world’s biggest wealth manager, said in May it will expand its operations in Africa as economic growth rates boost demand. The industries contributing most to wealth creation on the continent include the resources, telecommunications and consumer industries, according to the Zurich-based bank. Africa’s increasing wealth presents an opportunity, said Donna Oosthuyse, the head of Citigroup in South Africa.

    “In our private bank we have officers who are dedicated to Africa and in our international personal bank,” she said on July 25. “Just as we see international global companies needing international capabilities, so do individuals.”

    Dangote, Africa’s richest man, is benefiting from the continent’s economic growth, adding $6.7 billion to his wealth this year, according to the Bloomberg Billionaires Index. That lifted the Nigerian, who owns the continent’s biggest cement producer, to 31st on a global rich list with an estimated net worth of $21.3 billion, eclipsing the $18 billion of Facebook’s Mark Zuckerberg.

    Economic growth in sub-Saharan Africa is projected to accelerate to 5.9 percent in 2014 from 5.1 percent this year, the Washington-based International Monetary Fund said on July 9.

    “The growth means pools of savings are being created across the continent in counties like Nigeria, Kenya and Ghana,” said Thabo Khojane, managing director of Investec Asset Management in Cape Town. “I don’t think Africa’s problems are solved, but the trend is undoubtedly in the right direction. I’m an African bull.”

    Local and international wealth managers are catching on to that potential as they seek to bolster earnings that are being squeezed by tougher regulatory requirements, said Patrice Rassou, head of research at Sanlam Investment Management in Cape Town.

    “South African banks and global banks have been bad in general in the wealth management market,” Rassou said in an interview. “The one who could be a game changer is Barclays Africa — it has the product set. The demand is there.”

     

    Continental Reach

    The merger of Barclays’s assets with what was Absa Group Ltd. (ASA) in South Africa gives Barclays Africa 1,200 branches across the continent, 45,000 staff, more than 10,000 ATMs and increased access to the continent’s estimated 128 million consumer households, Ramos said in a presentation in Johannesburg today. Using Barclays’s technology instead of developing new systems means products, including those for wealth management, can be rolled out “at low cost,” she said.

    Barclays Africa will look at developing a presence in Nigeria, the region’s second-biggest economy, Chief Financial Officer David Hodnett said in an interview on July 30. The IMF is forecasting economic growth of 7.2 percent in Nigeria this year.

    Barclays Africa, on its first day of trading under its new name in Johannesburg, closed 1 percent higher at 142.45 rand. In London, Barclays dropped 2 percent to 285.25 pence by 4:18 p.m., paring this year’s gain to 8.7 percent.

     

  • Dangote vies with China over tomato market

    Dangote vies with China over tomato market

    Shittu Ibrahim ekes out a living for his two wives and 11 children by selling tomatoes he grows to passers-by along a highway that runs through the Kadawa Valley near Kano, the biggest city in the north. With no way to find new customers, about two-thirds of his crop rots.

    The Central Bank of Nigeria (CBN) and richest man, Aliko Dangote, have teamed up to establish a $25 million tomato-paste factory that could boost income for Ibrahim and the 8,000 farmers who live in the valley.

    Tomatoes are sold in a market in Maiduguri.

    Aliko owns businesses including flour mills, fruit canning plants and palm oil refineries.

    “We are doing this only to feed, as you can see, I can’t afford the luxuries of life,” the stocky 56-year-old said as he sat on a stool on June 6 outside his mud-walled house, which is surrounded by tomato fields as far as the eye can see. “There are better prospects in supplying Dangote because people will buy from them from all over the country. We hope that things will improve,” he told AFR.

    The intervention by the apex bank, which commissioned a study to show that processing local tomatoes is cheaper than importing paste from China, is part of the government’s drive to cut annual food imports of more than $10 billion. It also plans to boost agriculture in a country that was food self-sufficient in the 1960s, and create jobs in the north where poverty and unemployment have fueled an Islamist insurgency.

    “We want to take Kadawa as a model and prove that with the right application of government policy we could get finance to the sector, improve productivity, create jobs and raise income,” CBN Governor Lamido Sanusi said in a June 25 e-mailed response to questions.

    The 2011 study according to AP, showed that Nigeria pays $360 million to import more than 300,000 metric tons annually of tomato paste from companies including Hebei, China-based Baoding Sanyuan Food Packing Co. and Singapore’s Olam International Ltd (OLAM). a year. Nigeria produces 1.5 million tons of tomatoes annually of which about 900,000 tons rot, Agriculture Minister Akinwunmi Adesina said at a June 13 presentation in Abuja.

  • Elumelu Foundation, USAID Partnership

    Elumelu Foundation, USAID Partnership

    The Tony Elumelu Foundation and United States Agency for International Development (USAID) last friday, January 18, 2013 held a discussion on US-Nigeria public-private partnerships on a new way of improving economic development in Nigeria during the visit by USAID’s Administrator, Dr. Rajiv Shah to the Foundation’s office in Lagos.

    Picture 1. Heirs Holdings Chairman, Mr. Tony  Elumelu with Dr Rajiv Shah.

    Picture  2. L-R Ms. Arunma Oteh, Director-General, Security Exchange Commission (SEC), USAID Administrator, Dr Rajiv Shah, host, Chairman,  Heirs Holdings,  Mr  Elumelu and Dr. Aliko Dangote,  President Dangote Group.

     

     

     



     


  • Dangote, Agbakoba head FG’s committee on floods

    Dangote, Agbakoba head FG’s committee on floods

    President Goodluck Jonathan has approved the establishment of a National Committee on Flood Relief and Rehabilitation to raise funds in support of government’s efforts to provide urgent relief for victims of recent floods across the country.

    The composition of the Committee is as follows:

    1. Alhaji Aliko Dangote – Co-Chairman

    2. Mr. Olisa Agbakoba – Co-Chairman

    3. Dr. Mike Adenuga Jnr. – Chief Fund Mobilizer

    4. Alhaji Karami Isiaku Rabiu – Member

    5. Alhaji Mohammed Indimi – Member

    6. Ngo Hannatu Cholum – Member

    7. Mrs. Folorunsho Alakija – Member

    8. Prof. Dora Akunyili – Member

    9. Mr. Tony Elumelu – Member

    10. Secretary-General, Nigerian Red Cross – Member

    11. Representative of C.A.N. – Member

    12. Representative of N.S.C.I.A. – Member

    13. Representative of the UNDP – Member

    14. Representative of the European Union – Member

    15. Representative of DFID – Member

    16. Representative of USAID – Member

    17. Perm. Sec., Fed. Ministry of Environment – Member

    18. Perm. Sec., Fed. Min. of Water Resources – Member

    19. Perm. Sec., Federal Ministry of Works – Member

    20. Perm. Sec., Federal Ministry of Agriculture – Member

    21. Perm. Sec. Federal Ministry of Health – Member

    22. Perm. Sec., Federal Ministry of Finance – Member

    23. Perm. Sec., Fed. Ministry of National Planning – Member

    24. Director-General, NEMA – Member

    25. Ag. Commissioner, National Commission for Refugees – Member

    26. Perm. Sec., Ecological Funds Office – Member

    27. Chairman, Senate Committee on Special Duties – Member

    28. Chairman, House Committee on Environment – Member

    29. Rep., Nigerian Union of Journalists – Member

    30. Rep., National Council of Women’s Societies – Member

    31. Mr. Tunde Lemo, (Representing the CBN) – Member

    32. Ms. Fatima Wali – Member

    33. Mr. Frank Nweke Jnr. – Member

    34. Senator Florence Ita-Giwa – Member

    The Committee according to a statement by presidential spokesman, Dr Reuben Abati  has been given the mandate to raise funds to complement government’s resources for the provision of relief to flood victims across the country and the post-impact rehabilitation of affected persons and communities.

    The Committee which is also expected to advise government on the judicious utilization of funds raised, has been authorized by President Jonathan to co-opt any other persons or organizations that it may find useful in carrying out its assignment.

    The Office of the Secretary to the Government of the Federation will provide a secretariat for the Committee.

    It has been given one year to conclude its task.