Banking
Heritage Bank, Prinsult Give Wealth Creation Secrets to 150 Women
By Dipo Olowookere
No fewer than 150 women have been empowered with the knowledge of how to balance the challenges posed by their health condition and efforts towards wealth creation.
At a training programme put together by Heritage Bank and Prinsult Global Consulting Limited last Thursday in Lagos, the lucky women were reminded that health is wealth.
The seminar with the theme Building Your Health and Wealth as a Woman was attended by top management staff of both organisations.
Speaking at the occasion, Mrs Betty Eriyo, Cluster Head, Lagos Mainland 1, Heritage Bank, said her management believed that health is wealth. She said at Heritage Bank, “we believe in creating, preserving and transferring wealth,” adding that this maxim has always been the guide in Heritage Bank in its operations.
Mrs Eriyo advised participants to always ensure that what adults went through during childhood the younger generations do not go through them.
In view of this, she explained, Heritage Bank has usually supported several institutions that could make life more meaningful to the people by making funds available for seamless services.
According to her, “based on our belief that health is wealth, we have equipped several hospitals in Nigeria with the requisite funds needed for technologies and other facilities necessary for effective medical services.”
She therefore advised participants “not neglect your health; exercise more; know your body type; eat well and eat right, because timeless wealth is timeless health.”
Also speaking, the Chief Executive Officer of Novo Health Africa, Mrs Dorothy Jeff-Nnamani, acknowledged that the ability of participants to perform was solely tied to their physical vitality. She explained that women have unique health condition compared to men.
She stated that menstruation and menopause are no diseases and are peculiar to only women. “Even those health issues shared with men normally affect women differently. STD can be more dangerous to women than men. Women are more likely to have more urinary tract problems”, she stated.
As a result of this, Mrs Jeff-Nnamani said women health issues now attract international attention.
She therefore advised participants to exercise more because it increases energy, enhances self-efficacy and enhances physical performance.
Other remedies she prescribed were: women should eat well and eat right; reduce stress as chronic stress is dangerous to health; read books and other literature to build their mental health; interact socially and do regular medical check-ups.
In her welcome remarks earlier, Mrs Raliat Oyetunde, convener of the occasion; charged participants to pay rapt attention to the issues raised during the seminar. She said doing that would complement the motive behind the gathering.
According to her, women play vital role in the process of nation building anywhere in the world. She said their responsibilities in different homes and in corporate world could not be underemphasized. Meanwhile, she stated there is need to balance the stress required by their corporate responsibility and their health condition. She expressed optimism that at the end of the one-day event their orientation would have changed considerably as a result of the lessons they would have learnt.
By Adedapo Adesanya
Access Bank Plc, the banking subsidiary of Access Holdings Plc, has entered into a binding agreement with South African-based Bidvest Group Limited for the acquisition of 100 per cent equity stake in Bidvest Bank Limited.
The deal for the 24-year-old South African lender is due to be completed in the second half of 2025, upon regulatory approval.
This shows Access Bank’s further expansion plans in line with goals set by its late founder, Mr Herbert Wigwe.
The agreement to acquire 100 percent stake in Bidvest Bank reflects Access Bank’s commitment to strengthening its footprint in South Africa and consolidating on its position as the continent’s gateway to global markets as it seeks to optimise the benefits of recent acquisitions and accelerate its transition towards a greater focus on efficiencies.
Bidvest Bank, founded in 2000 is a niche and profitable South African financial institution providing a diverse range of services, including corporate and business banking solutions and diverse retail banking products.
As of its year ended June 2024, Bidvest Bank reported total assets equivalent of $665million and audited profit before tax of $20million.
Upon conclusion of this acquisition, Bidvest Bank will be merged with the bank’s existing South African subsidiary to create an enlarged platform to anchor the regional growth strategy for the SADC region.
This is coming just as the bank opened a new branch in Malta as part of efforts to focus on international trade finance after obtaining a banking licence from the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA).
Access Bank said the licence marks a transformative milestone in bolstering Europe-Africa trade flows.
The Maltese branch was established by Access Bank UK Limited, the subsidiary of Access Bank Plc, which is also the subsidiary of Access Holdings Plc, which is listed on the Nigerian Exchange (NGX) Limited.
By Modupe Gbadeyanka
To strengthen Europe-Africa trade ties, Access Bank has opened a new branch in Malta. It will focus on international trade finance, employing approximately 30 people in its initial phase, with plans for controlled expansion over time.
It was learned that this Maltese branch was established by Access Bank UK Limited, the subsidiary of Access Bank Plc, which is also the subsidiary of Access Holdings Plc, which is listed on the Nigerian Exchange (NGX) Limited.
Access Bank Malta Limited commenced operations after obtaining a banking licence from the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA).
Access Bank said the licence marks a transformative milestone in bolstering Europe-Africa trade flows.
Malta, a renowned international financial centre, and a gateway between the two continents, is strategically positioned to play a pivotal role in advancing commerce and fostering economic partnerships.
This strategic expansion into Malta enables The Access Bank UK Limited to leverage growing trade opportunities between Europe and Africa.
It underscores the organisation’s commitment to driving global trade, financial integration, and supporting businesses across these regions.
“By establishing operations in Malta, we will gain a foothold in a market that bridges European and North African economies, moving us one step closer to our goal of becoming Africa’s Gateway to the World.
“It further enhances our bank’s capacity to support clients with innovative solutions tailored to cross-border trade and investment opportunities,” the chief executive of Access Bank, Mr Roosevelt Ogbonna, stated.
“Europe has emerged as Africa’s leading trading partner, driven by initiatives such as the Economic Partnership Agreements between the EU and African regions and the African Continental Free Trade Area (AfCFTA).
“With Europe-Africa economic relations entering a new phase, The Access Bank Malta Limited is ideally positioned to deepen trade and meet the financing and banking needs of our clients in these expanding markets,” the chief executive of Access Bank UK, Mr Jamie Simmonds, commented.
Also speaking, the chief executive of Access Bank Malta, Renald Theuma, said, “Malta is uniquely positioned as a bridge between Europe and Africa, making it an ideal location for our subsidiary. This move allows The Access Bank Malta Limited to engage more closely with customers in Europe and deliver tailored financial solutions that drive growth and connectivity across both continents.”
By Adedapo Adesanya
The International Finance Corporation (IFC) and Goldman Sachs have announced a new partnership with African banks, including Nigeria’s Zenith Bank and Stanbic IBTC Nigeria to support the Goldman Sachs 10,000 Women initiative, a joint programme launched in 2008 to provide access to capital and training for women entrepreneurs globally.
The two Nigerian banks are part of nine financial institutions from across Africa which have agreed to join the 10,000 Women initiative committing to leverage the business education and skills tools the programme provides to create more opportunities for women entrepreneurs across the continent by providing access to business education.
Others banks include Stanbic Bank Kenya, Ecobank Kenya, Ecobank Cote d’Ivoire, Equity Bank Group, Banco Millenium Atlantico – Angola, Baobab Group, and Orange Bank.
Speaking on this, Ms Charlotte Keenan, Managing Director at Goldman Sachs said – “10,000 Women has had a powerful impact to date, but we know that there are more women to reach and more potential to be realized.
“We are delighted to partner with IFC to supercharge the growth of women-owned businesses across Africa, and mainstream lending to female business leaders. We remain committed to supporting entrepreneurs with the access to education and capital that they need to scale.”
Since 2008, the 10,000 Women initiative has provided access to capital and business training to more than 200,000 women in 150 countries.
“This expanded initiative marks a significant step forward in creating equitable economic opportunities for women in Africa, enabling them to build stronger, more resilient businesses and to realize their entrepreneurial goals,” said Ms Nathalie Kouassi Akon, IFC’s Global Director for Gender and Economic Inclusion.
Goldman Sachs’ 10,000 Women initiative complements the Women Entrepreneurs Opportunity Facility (WEOF), launched in 2014 by Goldman Sachs and IFC as the first-of-its-kind global facility dedicated to expanding access to capital for women entrepreneurs in emerging markets.
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