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CFA Conference: Africa’s Growth & Development Can Only Be Achieved Through Selflessness — Gov Sanwo-Olu

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Through Selflessness — Gov Sanwo-Olu

… CFA, a vehicle in advancing investment opportunities and driving sustainable growth across the African continent.

Lagos State governor, Mr. Babajide Sanwo-Olu, has said that for the African Sub-region to attain its rightful position in growth and development, there is the greater need for selflessness to thrive in decision making. According to him, the continent, which has enormous natural and human capital, can only attract the quantum of investment needed for its advancement, if the right thing is done at the realm of leadership. Gov Sanwo-Olu, represented by the deputy governor, Dr. Obafemi Hamzat, made these opening remarks on Wednesday at the two-day 2023 CFA Institute Africa Investment Conference in Lagos. For the theme of the conference which centers on ‘The Emergence of Africa: A Rethink or A Restrategising? Dr. Hamzat noted that “the works that need to be done by leaders, policy makers and intellectuals, and indeed for all Africans, is to think through a strategy that will bring about balance and equitable development that leaves no one behind “. “We’ve already commenced on this journey, leveraging on the resilience of our people, embracing and deploying technology, and maximizing the demographic gift of our city”, he added. Gov Sanwo-Olu, while using the conference to invite investors to key into the abundant investment opportunities in the state, noted that the transport, financial services sector and the new Lekki international airport should be areas of interest. “We invite investors to join us in constructing the Lekki international Airport which has capacity to serve 5 million travellers annually. In addition, we welcome investors to partner with us in developing four other Rail lines, in different parts of Lagos. The designs and ETA have been done. This will be able to commute 4 million citizens daily. This no doubt will bring about huge returns on investment”, the governor added. In her welcome remarks, Ibukun Oyedeji, CFA (President, CFA Society Nigeria) said the conference marks a significant milestone in CFA collective pursuit of advancing investment opportunities and driving sustainable growth across the African continent. According to her “As we gather here, we are joined by a diverse and dynamic group of professionals, policymakers, entrepreneurs, and thought leaders who share a common vision: to unlock the immense potential that Africa holds. “Africa, with its vibrant economies, rich resources, and a young and ambitious workforce, offers a wealth of untapped opportunities. Our goal over the next few days is to delve into these opportunities, engage in insightful discussions, and forge meaningful connections that will drive positive change and prosperity. Throughout this conference, we have curated a lineup of esteemed speakers and experts who will share their knowledge and perspectives on various sectors and investment themes. We will explore emerging trends, innovative strategies, and the transformative power of sustainable investment practices that can shape the future of Africa.

“From exploring the potential of renewable energy and infrastructure development to discussing fintech innovations, the rise of impact investing, capacity building for African professionals, we have designed a comprehensive agenda that reflects the diverse landscape of investment opportunities in Africa. Our panel sessions and networking opportunities provided during this conference will provide ample opportunities for deep dives into specific sectors, fostering collaboration, and exchanging ideas.

Also in her remarks, Marg Franklin, CFA (President, CFA Institute) said the drive of the institute is to unlock the potentials inherent in Africa as they relate to investment goals. Franklin who informed participants at the conference that Artificial intelligence can only be successful with human intelligence also noted, “Africans need products applicable to its regions. This will provide avenues for investment in a growing economy, thus providing the needed impetus to draw people out of poverty “, she added.

In her keynote address, Aisha Dahir-Umar, Director General, National Pension Commission, who was represented by Mr. Shola Adeseun, a Regional Head, said the interconnectedness of the financial industry helps to drive pension scheme in the domestic economy.

In the first panel titled: Medium-Term Outlook of Key African Economies, Chief Executive Officer, Economic Associates, Dr. Ayo Teriba, examined African and global economy, the shocks induced by  COVID-19, the Russian-Ukraine war and the Israeli-Hamas conflict. He stated that giving the dislocations and shocks caused by those crises, the global economy and indeed that of Africa in the new ear, would no longer be dependent on exports and industries, but by what he called de-industrialization, increasing FDIs and buying of industrial outputs.

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Cryptotimes Africa and 4 Other Crypto-Focused Publications shaping the narrative of cryptocurrency in Africa

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It’s no doubt that Africa has emerged as a hotbed for cryptocurrencyadoption and innovation. With a growing interest in digital assets andblockchain technology, several publications have sprung up to cater tothe information needs of crypto enthusiasts across the continent.Among these, Cryptotimes Africa stands out as a leading source of newsand insights on the African crypto scene. Let’s take a closer look atCryptotimes Africa and five other noteworthy publications that areshaping the narrative of cryptocurrency in Africa.1. Cryptotimes AfricaAs the name suggests, Cryptotimes Africa is dedicated to covering allthings crypto-related on the African continent. From news updates andmarket analysis to interviews with industry experts, this publicationoffers a comprehensive view of the rapidly evolving crypto landscapein Africa. With a focus on promoting blockchain adoption and financialinclusion, Cryptotimes Africa serves as a valuable resource for bothnewcomers and seasoned veterans in the crypto space.2. Bitcoinke.ioBitcoin Africa is another prominent publication that provides in-depthcoverage of Bitcoin and other cryptocurrencies in Africa. With a teamof experienced writers and analysts, Bitcoin Africa deliversinsightful articles, guides, and reviews to help readers navigate thecomplexities of the crypto market. Whether you’re interested intrading strategies, regulatory developments, or technologicalinnovations, Bitcoin Africa has you covered.3. TechnextTechnext is a broad tech publication with a strong focus on Africanstartups, innovation, and trends, coverage includes articles onblockchain technology, cryptocurrencies beyond Bitcoin, and theirapplications in Africa.4. Tech CabalTech Cabal focuses on providing in-depth analysis and reporting on theAfrican tech ecosystem, including funding rounds, investment trends,and interviews with key players. While its primary coverage is notsolely focused on cryptocurrencies, Tech Cabal features insightfularticles on blockchain technology, cryptocurrency adoption in Africa,and the regulatory landscape. Targeting investors, entrepreneurs, andprofessionals working in the African tech sector, Tech Cabalcontributes valuable insights to the broader conversation on cryptoinnovation in Africa.5. NairametricsNairametrics is a financial and business news platform with a focus onthe Nigerian economy and markets. While covering a wide range offinancial topics, Nairametrics includes articles on cryptocurrenciesas an investment asset class, analysis of their impact on the Nigerianfinancial sector, and regulatory updates. Targeting investors,business people, and those interested in the financial sector inNigeria, Nairametrics provides valuable insights into the evolvinglandscape of cryptocurrencies in Africa’s largest economy.In conclusion, Cryptotimes Africa and the aforementioned publicationsare playing a crucial role in shaping the narrative of cryptocurrencyin Africa. By providing reliable news, analysis, and educationalresources, these platforms are empowering individuals and businessesto participate in the digital economy and seize the opportunitiesoffered by blockchain technology. As the crypto revolution continuesto unfold, these publications will undoubtedly remain essential guidesfor enthusiasts and professionals alike.

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Eid-el-Fitr: Speaker Obasa Congratulates Muslims

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  • urges patriotism for national prosperity

As Nigerian Muslims celebrate the Eid-el-Fitr with their counterparts across the world, Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, says he joins other faithful in their steadfast belief that Almighty Allah will listen to their supplications and meet their needs at this time.

Dr. Obasa’s prayer came in his congratulatory message to Muslims for having the divine privilege from Allah to partake in the Ramadan.

According to Obasa, in a statement by his Chief Press Secretary, Eromosele Ebhomele, the Eid-el-Fitr is not just a time to eat and be merry, but a day dedicated for thanksgiving to God for the strength and passion He has given the Muslim faithful.

“It is a day to reflect on the blessings and opportunities that have been granted by Allah just as it is a period to engage in acts of charity and love to one another.

“As emphasised in the Holy Book, Muslims are advised to give at this period and beyond. They are urged to share love and be compassionate while having the consciousness of Allah’s mercy upon us all.

“I congratulate Muslim faithful both in Lagos, Nigeria and the world for the successful conclusion of the Ramadan while praying that Allah hearkens to all our supplications throughout the period with the faith that He will continue to bless our state and country,” the Speaker said.

Obasa urged the citizens to mark the festival rededicating their lives to God and doubling their patriotism to the country for national prosperity.

“We all must continue to work hard as we build a peaceful, united and prosperous Nigeria under President Bola Ahmed Tinubu while upholding the lessons that Ramadan brings.

“As Nigerians, regardless of our religious beliefs, we have a country that we aspire to see. We all have to make the country achieve that greatness by being more patriotic and working with the government.

“In the same vein, it has been an upward progression for Lagos. The result of the effective collaboration among the arms of the government is very obvious.

“At the House of Assembly, our pro-people direction has resulted in legislation, motions and resolutions that have brought happiness to the residents of our state. We promise to continue to build on our successes.

“On behalf of my family, colleagues at the House, the management and staff of the Assembly, I wish our Muslim brothers and sisters a beautiful celebration,” Dr. Obasa said.

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Gov AbdulRazaq commiserates with CJ Adebara over father’s death

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Kwara State Governor AbdulRahman AbdulRazaq sends his profound condolences to the Chief Judge of Kwara State Justice Abiodun Ayodele Adebara and the people of Shao on the death of the CJ’s father, Pa Adebara Adio Durodoye Dogo.

Pa Adebara, 98, commanded the respect of all in Shao and environs for his industry, leadership, and huge contributions to the development of his community as a foremost businessman who founded the popular Abulesowo Amuludun Sand Association, according to the Governor.

Governor AbdulRazaq says the late businessman left salutary legacies in the sand of times, as can be seen in the quality of his children and his impacts on the people.

On behalf of the government and the people of Kwara State, the Governor sends his condolences to the Shao community, the Ajakitipa chieftaincy family, and to the immediate and extended families of the patriarch.

He asks God to repose the soul of Pa Adebara and to give fortitude to the illustrious family he left behind.

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