Business

Ugandan Appointed Managing Director In Nigeria

Published

6 years ago

September 15, 2020

Ringier One Africa Media has announced that Hilda Kabushenga Kragha, who was the Jobberman Nigeria CEO, as the new Managing director of ROAM Africa jobs.

ROAM connects Africans to opportunities. They empower people through transparency and are transforming markets with high technology. ROAM embraces diversity and it’s their key to success. Since the diverse backgrounds are driving them to innovations, they seek and hire people from all walks of life, regardless of gender, ethnicity, or religion. ROAM creates a business with real people.

Why do they stay at the highest level all the time? Because of teamwork and most importantly a passion for what they do. They believe that shaping future leaders ( as they accept MBA internship candidates ) with externship programs on an ongoing basis will lead to success.

ROAM Africa’s job brands are dominant recruitment solutions platforms in Africa, Including BrighterMonday in East Africa and Jobberman in West Africa (Focusing on Nigeria and Ghana). Hilda will take over from Kwaku Agbesi, who chose to fully focus on his role as CEO of Jobberman Ghana. In the future, he will give his full attention to the big potential of his home country.

Hilda joined Jobberman Nigeria as CEO in June 2019. Under her leadership, the brand has strengthened its position as Nigeria’s largest job platform with over 2 million job seekers and 68.000 employees.

Taking her new role in the company, she said that she was very excited to take her role within the ROAM family. Since the ROAM has been the leading industry in the market, with the power of technology, Hilda Kabushenga promises to increase workplaces and productivity by supporting employers to place them in the right places for them. With Africa’s growing youth population and employment opportunities, ROAM Africa is promising to bring transparency to Africa’s labor markets. This attitude is promising for Africans to work in a healthy environment, and it goes without saying that it will improve their livelihoods.

CEO of ROAM Africa, Clemens Weitz added that Hilda’s passion and concise vision will make her the ideal person for the role and a fantastic addition to the ExCo team. She really brings a wealth of experience whenever she goes. He also added that he is especially proud that the ExCo team is now chaired by female leaders, which is certainly an exception in Africa.

Hilda’s main focus will be to remain in Nigeria until the end of the year. She will start her job in January 2021.

Economy of Africa

The economy of Africa consists of the trading, industry, human resources, continent, and agriculture. As of 2019, 1.3 billion people were living in 54 countries of Africa. Africa is a very rich continent within resources.

Africa has been working hard lately to deepen intra-continent trade and integration. That’s why this country has the potential to grow and develop its impact on global reforms. Yet, for many African countries implementing trade facilitation reforms will require overcoming challenges such as supply constraints and slow economic growth. Uganda is slowly becoming a center of FX trading, because of the perfect space for investors to take a keen interest in trading deals.

Despite the global pandemic, more and more African traders are joining the forex market. The increase is also opening up new opportunities for investors in financial markets. African traders are exploring different options of trading since it is becoming the new era’s most popular field nowadays.

In that sense, many Africans are searching for a list of best forex brokers in Uganda 2020, since Uganda is already trading with countries like Kenya, South Sudan, Rwanda, Congo, Dem, Rep, and Italy.

The path to economic diversification

The debate on the benefits of trading has dominated this decade. Africa has cast its vote for better trade with itself. In march of 2018 African countries signed a landmark trade agreement, the African Continental free trade area Agreement (AfCFTA), which commits countries to remove tariffs on 90 percent of goods and progressively liberalize trades in services. This agreement created a single African market with over a billion consumers with a total GDP of over $3 trillion. Since Africa is one of the biggest trading areas in the world, people are more and more connected with their lives to trading and are trying to make their life qualities better with trading.

AfCFTA is focusing on trading in goods and services, investments, intellectual property rights, and competition policy.

Can Africa do better with trading? With proper and trustworthy people, absolutely. A total of African exports have been increasing by about 10% from 1995 to around 17% for now.

ECA considers that African countries trade with themselves creating more knowledge about transfers and creates more value.

Trade diversification of exports is vital and it allows the countries to build resilience to movements in demand, due to economic downturns in importing countries and their price dips.

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

2 days ago

May 13, 2026

The Tide

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.

Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.

According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.

Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.

“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.

The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.

According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.

Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.

He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.

“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.

He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.

“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.

Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.

“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.

“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.

Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.

She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.

Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).

“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.

“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.

Business

Customs Impound N2.35bn Cocaine, 15 Trailers of Rice

Published

2 days ago

May 13, 2026

The Tide

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, Ikeja, has impound Cocaine Substance valued at ?2.35 billion alongside 15 trailer-loads of foreign rice and a wide range of contraband across the South-West.

This was disclosed to Newsmen during a press briefing in Lagos by Controller of the Unit, Comptroller Gambo Aliyu,

Aliyu revealed that the seizures were made over an eight-week period, underscoring intensified enforcement efforts.

According to him, operatives foiled 473 smuggling attempts within the period, leading to the confiscation of 8,794 bags of 50kg foreign rice, 22 used vehicles, 328 bales of used clothing, and 31,705 litres of Premium Motor Spirit (PMS).

He said other seized items include a Mercedes-Benz vehicle and various food products such as poultry, vegetable oil, spaghetti, and sugar.

Aliyu clarified that the rice displayed at the briefing represented cumulative interceptions made at different locations and times across the zone.

“All the rice you see here are accumulative of seizures carried out at different places, at different times, and through different interdictions,”

Beyond the economic implications, the Comptroller emphasized the social cost of drug trafficking, warning that narcotics continue to destroy families and fuel criminal activities.

“It may surprise you to know that many homes are broken due to drugs.

” Our mandate is to cut off the supply chain, and that is exactly what we are doing,”.

Similarly Customs operatives at the Gbaji outpost intercepted a 71 year-old suspect along the Lagos-Abidjan corridor with 6.35kg of cocaine concealed in a Toyota Highlander.

The drugs, comprising both powdered and crystalline forms, were valued at ?2.35 billion.

Under a special enforcement drive, codenamed “Operation Hawk,” the unit also seized 3,340 parcels of synthetic cannabis, popularly known as “Ghanaian loud,” weighing 1,540kg.

The substances, along with three suspects, have been handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.

In a related operation, officers intercepted four cylinders of mercury hidden in a vehicle along the same corridor. Aliyu described the substance as hazardous and subject to international regulation.

Overall, the Duty Paid Value (DPV) of the seizures stands at approximately ?5.5 billion, reflecting the scale of enforcement activities.

Additionally, the unit recovered ?97.7 million through Demand Notices issued on under-declared consignments.

Aliyu reaffirmed the Service’s commitment to deploying modern technology—including geospatial intelligence, drone surveillance, and real-time tracking—to strengthen border security and clamp down on smuggling networks.

CHINEDU WOSU

Business

Dangote, Nicolai Tangen To Partner In strategic sectors

Published

2 days ago

May 13, 2026

The Tide

Chief Executive Officer of Norges Bank Investment Management, Nicolai Tangen ( manager of the world’s largest sovereign wealth fund) has expressed interest in partnering with Dangote Group to expand investments across Africa, particularly in strategic sectors such as power, energy, renewable energy, agriculture, fertiliser and cement.

This was made known during a meeting of Chief Executive of Dangote Group, Aliko Dangote with Nicolai Tangen, the manager of Norwegian investment institution (with assets estimated at about $1.9 trillion) .

Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.

The engagement reflects growing international investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation across the continent.

Industry observers say the proposed collaboration could create significant opportunities for investments in critical sectors linked to energy transition, food security, industrialisation and infrastructure development.

The Norwegian sovereign wealth fund, regarded as one of the world’s leading institutional investors, has in recent years increased its focus on emerging markets, with Africa seen as a major frontier for long-term investment and value creation.

Analysts believe a partnership between Norges Bank Investment Management and Dangote Group could unlock substantial capital flows into infrastructure and industrial projects across Africa, helping to accelerate economic growth and regional integration.

Nkpemenyie Mcdominic, Lagos