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Ogunsanya Wins at African Business Leadership Awards 2020

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segun ogunsanya airtel nigeria

By Dipo Olowookere

It was a day of honour for the MD/CEO of Airtel Nigeria, Mr Segun Ogunsanya, recently when he was recognised as the Africa Industry Personality of the Year.

The honour was bestowed on him at the prestigious African Business Leadership Awards 2020 organised by the African Leadership Magazine.

Mr Ogunsanya clinched the coveted award in a category that had great business leaders on the continent like the CEO of Moza Banco, Mozambique, Mr Joao Figueiredo, who emerged first runner-up, and the CEO of Flour Mills of Nigeria, Mr Paul Gbededo.

The Airtel Nigeria chief emerged winner after a three-step points-based selection process that included a call for nomination; a call for online voting for shortlisted nominees; and the editorial board’s final review of the nominations and voting submissions.

The online voting was responsible for 65 percentage points and supporting evidence responsible for 35 per cent in the final selection process for the 2020 winners.

The Industry Personality of the Year award recognises the individual whose vision and innovations have become drivers of growth in particular industry sectors and permanently impacted the way of doing business in that particular sector.

At an event held on Wednesday, September 30, 2020, Mr Ogunsanya was presented his award in the presence (virtual) of former President of Sierra Leone, Mr Ernest Bai Koroma; Governor of the National Bank of Rwanda, Mr John Rwangombwa; Ethiopia’s Finance Minister, Mr Ahmed Shide; the Group MD of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, among others.

“This award is a special present to me, as we celebrate our 60th anniversary. This couldn’t have come at a better time. Thank you,” the Airtel Nigeria boss said.

“Our winners and all the nominees truly deserve to be recognised for the outstanding work they have done over the last year, and they continue to do for the development of our continent,” the Publisher of the magazine, Mr Ken Giami.

“Africa depends on businesses and its leaders for sustenance, jobs and wealth creation,” he noted, adding that “at this time when there are widespread disruptions occasioned by the COVID-19 pandemic, the role and place of the business community to not only serve their clients, but become strong positive references for society on how to thrive amidst uncertainties, and inspire hope in people’s ability to aspire to solve more of the problems facing the African people today, is more important than ever.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Jobs/Appointments

Osita Chidoka Leaves Guinea Insurance Board

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Osita Chidoka

By Dipo Olowookere

Former Minister of Aviation, Mr Osita Chidoka, has resigned from the board of Guinea Insurance Plc to concentrate on his private matters.

A statement signed by the company secretary, Ms Chinneye Nwankwo, disclosed that the politician, who was once the Corps Marshal and Chief Executive of the Federal Road Safety Corps (FRSC), served on the board as a non-executive.

During his time on the board, he contributed immensely to the growth of the underwriting company and the team appreciated him for this.

In the notice, Guinea Insurance wished the member of the opposition Peoples Democratic Party (PDP) well in his future endeavours.

“Guinea Insurance Plc wishes to inform the Nigerian Exchange Limited (NGX), its esteemed shareholders and the general public of the resignation of Mr Osita Chidoka from the board of directors of the company.

“The resignation of Mr Chidoka is to enable him more time to pursue his private business. The board recognized his immense contributions, selfless service and commitment to the progress of the company and wished him success in his future endeavours,” the disclosure stated.

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Goyal, Pule Join Advisory Board of Sabi

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Sabi B2B marketplace

By Modupe Gbadeyanka

The founder of Africa Lighthouse Capital, Bame Pule; and the Head of M&A at Udaan, India, Sapna Goyal have been appointed to the advisory board of Sabi, a leading B2B marketplace serving Africa’s informal economy.

The duo will work with the company and bolster its network and knowledge to help improve the infrastructure for informal business.

According to the co-founder/CEO of Sabi, Anu Adasolum, the two highly talented and strategic business leaders will bring fresh insights and perspectives to the board.

“Their expertise and track record in driving value will be critical for Sabi in our quest to serve the informal economy. We look forward to working together as we maintain our exceptional growth,” Adasolum stated.

Bame Pule established an independent Mauritius-based private equity firm founded in 2012 to invest in and nurture businesses into African champions.

The firm has a particular focus on helping investee companies adopt global best practices regardless of sector, attain benchmarks equivalent to those of global peers, and expand into multiple key African markets.

Prior to founding Africa Lighthouse Capital, Mr Pule worked at Actis Capital, ShoreView Capital, Goldman Sachs in New York, Credit Suisse in New York and Salomon Brothers/Citigroup in Los Angeles.

He pursued bachelor’s degrees in Economics and Political Science (double major) from Pomona College in Claremont, California and was awarded the Pomona Scholar prize for superior academic achievement in 1997 and 1999. Mr Pule also pursued a master’s in business administration (MBA) degree from Harvard Business School in Boston, Massachusetts.

On her part, Sapna has investing experience in early and growth stage internet start-ups in India. Before joining udaan, she worked with Goldman Sachs Investment Partners (GSIP) VC & Growth Equity Fund by being responsible for investments in the Indian internet space.

She also has investing experience in Indian Public Markets as part of a hedge fund at GS. She is passionate about the change internet can bring to India and how it is a great leveller. She is an active angel investor.

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Stockbrokers Elect Oluwole Adeosun as New CIS President

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Olatunde Adeosun

By Adedapo Adesanya

The Chartered Institute of Stockbrokers (CIS) has elected Mr Oluwole Adeosun as its new President and Chairman of its governing council.

With his emergence, Mr Adeosun, who was the institute’s former 1st Vice President, succeeds the erstwhile President, Mr Olatunde Amolegbe, at an election held during the institute’s hybrid annual general meeting on Thursday, May 5 in Lagos.

Mr Adeosun will be formally decorated with the paraphernalia of office in a high profile event known as an investiture at a later date this year.

Mr Adeosun, a fellow of the institute and multinational professional, brings on board over two decades of robust experience in the financial market.

A product of the Loyola College, Ibadan, he holds a B.Sc. (Hons) in Business Administration from the University of Ilorin in 1986 and capped it with a Master’s Degree in Business Administration (MBA) and specialises in Finance and Banking from the University of Lagos in 1993.

Mr Adeosun trained at Coopers at Lybrand (Chartered Accountants), now PricewaterhouseCoopers and qualified as a Chartered Accountant in May 1991. He later qualified as a chartered stockbroker and banker.

He has been a long-standing member of the Governing Council of the Chartered Institute of Stockbrokers since April 2013 and has served as the institute’s first Vice President from 2020 to 2022 and second Vice President from 2018 to 2020.

The stockbroker also served as a member of the Finance and General-Purpose Committee of the Chartered Institute of Bankers of Nigeria (CIBN) and its Investment Subcommittee.

The new CIS President is the Managing Director and Chief Executive Officer of Chartwell Securities Ltd., and a fellow of many major professional institutes in Nigeria’s financial services sector, including, the Institute of Chartered Accountants of Nigeria (ICAN), Chartered Institute of Bankers of Nigeria (CIBN) and Chartered Institute of Taxation of Nigeria (CITN) amongst others.

Thursday’s AGM witnessed the re-election of Mrs Fiona Ehimie and Mr Adeyemi Aina to the institute’s Governing Council and the election of Mr Ayodeji Ebo and Mrs Elile Olutimayin to the board as well as the election of the 2nd Vice President, Mr Oluropo Dada, as the 1st Vice President.

In his remarks, Mr Amolegbe, the immediate past president of CIS, expressed optimism that he had left behind a team of top-notch professionals that would further advance the growth and development of the institute.

“My priority has always been to enhance the institute’s brand positioning by increasing its visibility via advocacy while putting the members’ welfare on the front burner,” he said.

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