You are here > Home Business
Sun 05 Sep 2010
Business News
UBA Growing Businesses in Africa Via SMEs Workshops PDF Print E-mail
Written by Sam   
Saturday, 25 April 2009 16:19

United Bank for Africa, Africas Global Bank is pioneering a great initiative known as UBA Growing Businesses for Small and Medium Enterprises (SMEs) in Africa in partnership with EMPRETEC Nigeria Foundation.

UBA Growing Businesses is a unique platform committed to supporting the development of Small and Medium Entreprises (SMEs) in Africa towards sustaining the generation of employment and creation of wealth. The project will empower SMEs across the African continent through access to finance, capacity and entrepreneurial skills development.

In a recent press release, the bank stated:

United Bank for Africa Plc in partnership with Empretec Nigeria Foundation; a United Nations Commission for Trade and Development (UNCTAD) affiliate based in Nigeria, will run series of training and personal entrepreneurial skills development workshops for Small and Medium Enterprises (SME) operators in Nigeria and other parts of Africa.


In the first phase of the initiative, series of workshops on Personal Entrepreneurial Competencies (PECs) facilitated by Empretec and UNCTAD personnel will be held for over 600 SME operators in Lagos, Abuja, Port Harcourt, Maiduguri and Kano. Subsequently, several other workshops will also be held for SME operators in selected African countries such as Ghana, Cote DIvoire, Cameroon, Uganda and Burkina Faso.

The workshops are focused on:

Business skills enhancement & development
Behaviour and attitudinal training
Facilitating access to finance
Creation of business networking opportunities


UBA has chosen to get involved in this project based on the recognition of the immense contribution of Small and Medium Scale Enterprises to the economic development of nations and the strong conviction that the multiplier effect of equipping operators with the requisite wealth creation skills will have in the economies of African countries.

The bank also recently launched a N50 billion ($350 million) Agro Support Fund, to aid the development of the agricultural sector in Nigeria.


 
Afribank Secures NFF Mark with N250m PDF Print E-mail
Written by Segun O   
Thursday, 16 April 2009 18:41

The Nigeria Football Federation (NFF) and Afribank have signed a Memorandum of Understanding for sponsorship of the national teams. The federation disclosed in Abuja that in return for the acquisition of the rights to be named Official Bank of the Nigeria Football Federation and the National Teams, Afribank will cough out the sum of N250 million annually for a four –year period.


 
The Power of Networking PDF Print E-mail
Written by Debbie Allen   
Sunday, 15 March 2009 18:15

It’s not what you know…

I’m sure you’ve heard the adage, “It’s not what you know, it’s who you know.” And you probably know someone for whom that was the case; their parent/sibling/family friend hooked them up with a sweet job while you busted your butt looking for a summer internship.

The term networking, to most people, is this nebulous/vague concept of just hitting up friends and family members for jobs. Because of that, many people are turned off from the concept; they view it as shallow, awkward, and often completely useless. Many people don’t have contacts in the field they would like to get into, so they don’t ever start. And so, in disgust, they give up on networking as a viable job-search option. That simple thought process can be one of the most debilitating and paralyzing things you can do in your job search. I implore you to reframe how you view networking.

Instead of this superficial definition of networking, think of it in different terms: Identifying people who are in a position to help you in your career path, and then just taking the initiative to ask for help. Very few people have reached where they are today without any help, and many want to repay the favors they received along the way.

Further, most people love talking about themselves (some people like it too much). What it boils down to, networking can be as simple as asking someone about their job or career, and what advice they would have for you as you begin your job search. We career counselors even have a name for this: informational interviewing.

If a student came to me and asked how to become a career counselor, I could tell him/her exactly what degrees they should consider, what internships to look for, where jobs are posted, and even introduce him/her to people in the field who might be able to provide experience and jobs. Unfortunately, I can’t do the same for every student who comes into my office. I know some things about careers in banking, publishing, advertising, and marketing. But for the best advice, let’s ask the people who are doing the very thing you want to do. Sure, it can certainly help if someone you know can get you a job, but that doesn’t have to be the only definition of networking.

One of the best things you can do as you look for a job is to simply talk to people whose jobs interest you, and ask them for help and advice. It’s usually much less awkward than pestering those around you for a job, and can be really fun as well.  

 


Last Updated on Sunday, 15 March 2009 22:04
 
Nigeria’s Mobile Market Growth 2008: What to Expect in 2009 PDF Print E-mail
Written by L. Okezie   
Sunday, 15 March 2009 17:21

It is no longer news that Nigeria is the largest mobile market in Africa. In a recent report from the Nigerian Communications Commission (NCC), Nigeria’s total wireless subscriber base increased by 55.9% in 2008, reaching 62.99 million at the end of the year.

According to TeleGeography, NCC has released individual figures for the Nigeria’s mobile operators for the first time. In the report, MTN Nigeria ended 2008 with 23.08 million customers, Zain Nigeria (formerly Celtel) recorded 17.2 million, overtaking Glo Mobile in Q3 due to Globacom’s loss of 610,000 subscribers during the period, finishing 2008 with just over 16 million customers.

Nigeria’s dominance in Zain’s operations

It’s interesting to note that Nigeria’s mobile market has emerged Zain’s main driver of customer growth throughout its 22 operations in Africa and the Middle East. Just last week, Zain released its consolidated financial results for the year ended 31 December 2008, which shows that Nigeria is one of the top viable markets for Zain.

 

At the end of 2008, Nigeria ranked first with a total of 17,196,000 customers (55% growth since 2007), while Iraq comes second with 9,681,000 customers and Sudan ranked thrid with 5,190,000 customers. Again, in terms of revenue, Nigeria was in the second position with earnings of over $1.2 million.

But the question is: Will the credit crunch affect the mobile industry in terms of number of subscribers and financial revenues?

Probably not! According to Saad Al Barrak, Zain Group CEO, “overall, due to our massive network investment across all operations, we expect and are targeting a 30 per cent increase on many of our financial indicators in 2009.”

What to expect at the end of 2009

I think it’ll be a major mobile war for the operators, as they all struggle for who’ll be the market leader. Although, MTN Nigeria remains the leading mobile operator in terms of subscriber base, which is currently at 23 million.

Could Globacom overtake MTN Nigeria and Zain Nigeria subscriber base by the end of 2009?

Well, I’m of the opinion that this is very possible. Globacom has teamed up with Alcatel-Lucent in a network expansion deal that would target 45 million subscribers. The contract will involve the expansion of coverage to a further 3,000 sites and also of its transmission network by 10,000 km.

Will Etisalat Nigeria Be Competitive in 2009?

It is hard to say if Etisalat Nigeria could emerge as the fourth largest mobile operator by the end of 2009, as the network only gained 400,000 subscribers in its Q1. At the moment, Visafone is the fourth largest mobile operator with 2.21 million subscribers as as 2008.

This means that, Etisalat Nigeria has to continue giving out their SIM cards for free with free airtime (which they started recently) if they are to beat Visafone by the end of 2009. In fact, whether Etisalat’s Nigeria subscriber base will top that of its 20 operations in Africa and the Middle East is yet to be seen.

A Look at the CDMA Mobile Operators

While the three major mobile operators in Nigeria (MTN, Zain and Globacom) are struggling for dominance, Visafone became Nigeria’s largest CDMA operator and the fourth largest network operator altogether. Launched commercially in February 2008, the network added 980,000 customers in Q4, only its fourth quater since it started operations.

Again, Multilinks finished second with 1.99 million subscribers after adding 510,000 customers in Q4 of 2008. But with the 100% acquistion of Multilinks by South Africa's Telkom,  could the network surpass Visafone’s subscriber base in 2009? Already, they have set a target for 10 million subscribers by December 2009. Will they achieve this?

Starcomms was third with 1.16 million subscribers having gained 360,000 customers during the same period. And Reltel (now Zoom mobile) added 70,000 customers to finish with 700,000 subscribers in its second quarter of operation.

My Predictions for 2009

In the light of the above analysis, I’m predicting that MTN Nigeria will lose their market leadership to Globacom Nigeria, thus making Globacom Nigeria the largest mobile operator in Nigeria. That means that, Zain Nigeria will become third and Etisalat Nigeria will become the fourth largest mobile operator beating Visafone’s subscriber base.

My guess is that Visafone will stretch their market leadership as the leading mobile operator with CDMA technology, leaving Multilinks Telkom  and Starcomms to struggle for second position at the end of 2009. This will leave Zoom mobile behind the mobile train network.

Now, what are your own thoughts?


Last Updated on Sunday, 15 March 2009 18:11
 


logo botMore From NaijaLife Mag : Blog | Event Calendar| Quiz | Celeb Alert | Photos | Videos
Naijalife Artist Tones Download fresh and New Ringback tone
CelebsTube - Upload your videos
About - Legal | Advertise | Contact