Anselmi Anselmi emerges AIO book of the year Award winner

By Favour Nnabugwu

 

 

Anselmi Anselmi is the winner of the 2022 AIO Book Award. His book – “Dealing with Climate Crisis in Africa – STRATEGIES FOR AGRICULTURE INSURANCE” emerged top after the final tally during the 48th Africa Insurance Organisation, AIO Conference in Nairobi.

Anselmi Anselmi is the winner of the 2022 AIO Book Award. His book – “Dealing with Climate Crisis in Africa – STRATEGIES FOR AGRICULTURE INSURANCE” emerged top after the final tally during the 48th AIO Conference in Nairobi.

Anselmi is a Director of International Relations, Research and Consultancy at the Africa College of Insurance and Social Protection and lectures at the Tanzania Public Service College. He serves as the Country Inclusive insurance Coordinator in Tanzania (TIRA/ATI).

He is the MD for Acclavia Insurance Brokers & Risk Consultants. He serves in various task forces within the insurance industry and outside geared at engineering growth of the financial sector and inclusive economy such as Chairperson Technical Committee of the Governing Council Tanzania Insurance Brokers Association, secretary to the Tax Reforms Committee of the Insurance Industry in Tanzania, Member of African Insurance Organization (AIO) Microinsurance Working Group and the Editorial Committee of AIO, and InsuResilience Global Partnership – Gender & Agriculture Insurance Working Groups.

He is Associate of the Chartered Institute of Securities and Investments (CISI) of London and Toronto Centre of Canada. He is an avid Researcher, Consultant, Author & a Trainer for government and international organizations on planning, policy, regulation strategy and leadership. His experience in insurance for both conventional and social perspective is comprehensive.

As a lecturer and consultant, he has designed curricula on the subject, conducted various researches and presented papers, authored ten (10) books, provide professional advice to national and international stakeholders, featured in TV programs and creating public awareness on the subject.

He has led technical teams in challenging portifolios such as insurance taxation, leadership, agriculture insurance, microinsurance and Insurance Linked Securities (ILS) solution among other. Anselmi is agile, innovative, teamplayer and solution seeker.

Who the AIO president, Ben Kajwang is

By Favour Nnabugwu

The current Africa Insurance Organisation, AIO, president Dr. Ben Kajwang is currently the Director and CEO of the College of Insurance, Kenya.

He has had a distinguished career in the insurance industry spanning over two-decades where he has held senior positions in Broking, insurance, and reinsurance companies.

He is the current Chairman, Association of Insurance Trainers Educators in Africa under the umbrella of African Insurance Organization (AIO). He is also an Executive Board Member and Chairing the Human Resource Committee of the Organization of East and Southern Africa Insurers (OESAI). He is currently serving as a Board Member and Chairman of the Technical Committee of the Policyholders Compensation Fund (PCF) in Kenya.

Given his vast wealth of knowledge, he has coordinated capacity building for the World Bank Index-Based Weather Risk Management Programs for Eastern and Southern Africa a program funded by European Union’s All ACP Agricultural Commodities Programme (AAACP) and the COMESA USAID/COMPETE sponsored Regional Agricultural Insurance Certification program.

He has also been the Team Leader, Regional Study on Development of Insurance Certification Program by the East Africa Community Financial Sector Development and Regionalization Project (EAC-FSDRP I) and a Member of FARMD – the Global Forum for Agricultural Risk Management in Development (an arm of the World Bank).

He has also led the College of Insurance in partnering with the Retirement Benefits Authority (RBA), Humber College Institute of Technology & Advanced Learning (Canada) and Association of Retirement Benefits Authority to develop the Trustee Development Curriculum which is being used for the training and certification of Trustees of Pension Schemes.

He is a Corporate Manager. Consultant, Coach. Mentor. Lecturer, Facilitator and Trainer for various Institutions on professional courses especially Insurance and Risk Management across Africa. He has also been a jurist for the Champions of Governance (COG) Award, Institute of Certified Public Secretaries of Kenya, THINK BUSINESS Insurance Awards and Association of Insurance Brokers of Kenya (AIBK) BIMA Awards.

He has and continues to present papers in several forums, locally and internationally. He has also been feted by local Kenyan dailies as a Transformative Chief Executive Officer with Golden Hands (Nation Newspaper and Business Daily) on innovation, transformation, leadership and strategy. He has several publications in both local and international journals.

He holds a Doctor of Philosophy in Strategic Management. He is a Chartered Insurer of the Cll London and Fellow of several Insurance Institutes in Kenya and Uganda and others. He is also an Associate of the Institute of Risk Management (UK).

He has cemented his visionary leadership by developing the state of the art, world class 5-star convention Centre, with conference and accommodation facilities that caters for the growing demand for Meetings. Incentives, Conventions and Exhibition (MICE) and the host venue of the 48th AIO Conference and General Assembly (The Edge Hotel and Convention Centre).

FG has not borrowed money from pension funds – Pencom assures

By Favour Nnabugwu

 

 

The Federal Government has not borrowed money from pension fund in the country,  National Pension Commission (Pencom) assured

This, the Commission said, was to address complaints and rumours in some quarters that a large chunk of the government’s recurrent spendings were done by borrowing from pension funds.

Pencom’s Head of Corporate Services, Alhaji Abdulqadir Dahiru, gave the hint while speaking at a Stakeholders Forum/Interactive Session organised by the Public Complaint Commission with the theme: ‘Effective Administration of the Contributory Pension Scheme in Nigeria: Challenges and the Way Forward’.

He clarified that instead of the government to borrow pension funds, it was the investment teams of pension fund administrators that seek and put money into government bonds to balance their return and risk considerations.

Some stakeholders at the forum had said, “The speculation that the Government is borrowing from the Pension fund is a threat to the contributors.

“The safety of the Fund is paramount to contributors and other stakeholders alike.

“There is need to ascertain the authenticity of the allegation of borrowing to possibly curb any threat to the Scheme.”

Responding, Dahiru stated: “Pension funds are invested in government securities like banks, insurance companies, and foreign investors who are interested in government debt.

“The Federal Government has not borrowed pension funds, because people are giving the impression as if these monies are kept somewhere and government has dipped its hands into it.

“Pension funds are invested. It is a deliberate policy of individual pension fund administrators and their investment teams to look at the investment instruments available, whether government or private, and decide which one they want to invest in, to balance their return and risk considerations.

“Therefore, government does not borrow pension funds. Instead, they are invested in government debt instruments.”

Earlier, the Secretary, Public Complaint Commission, Mr Philip Enyali, explained that the dissatisfaction of many retirees and the need to address their many petitions to the Ombudsman, regarding their entitlements necessitated the interactive meeting with Stakeholders in the pension industry.

He identified the inability of the government to release funds as and when due, delay in payment of group life insurance policy, non-funding Retirement Savings Accounts, inadequacy of pension payment remittances etc. as some of the complaints by retirees to the ombudsman.

“One of the greatest challenges that stares the typical employees in the face throughout their working life is life after retirement. As part of proactive efforts by the Commission, this interactive session is being held to systematically examine the challenges of the administration of the Contributory Pension Scheme currently in operation in the country,” he said.
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143 stranded Nigerians return from Libya

By Favour Nnabugwu

 

A total number of 143 returnees arrived Lagos airport today even as male and female adults among them have medical issues

The Returnees were arrived Nigeria through the Cargo Wing of the Murtala Muhammad International Airport, Ikeja, Lagos State with Al Buraq Air Boeing 737-800 registration number 5A – DMG at about 3.18pm.

On arrival at the airport, the Returnees were received by the Coordinator, Lagos Territorial Office, National Emergency Management Agency, NEMA who represented the NEMA Director General, Alh Mustapha Habib.

Giving the profiling, NEMA said they consist of 96 male adults, eight boys and a male toddler while female adults were 36, a girl and female toddler.

He said a female and male adults among them were with serious medical issues.

The Coordinator did not disclose the nature of their sickness.

UBA extends branch network to Dubai

By Favour Nnabugwu

 

The United Bank for Africa (UBA), Africa’s global bank has extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre (DIFC).

United Bank for Africa Plc (DIFC Branch) will operate under the Category 4 license and will be regulated by the Dubai Financial Services Authority (DFSA), the financial regulatory agency of the special economic zone, the Dubai International Financial Centre.

Having been in operation for over seven decades. Today, the group is present in 20 African countries, the United Kingdom, the United States of America and France. The UBA branch in the DIFC will service corporate & financial Institutions and customers across the Middle East with a core focus on correspondent banking, relationship management and advisory services.

Through this new expansion, the UBA Group will be able to harness opportunities in the Middle East, Africa and South Asia (MEASA), which comprise of 72 countries with an approximate population of 3 billion and a nominal GDP of US$7.7 trillion and thereby, reinforce its strong franchise as Africa’s Global Bank, facilitating trade and capital flows between Africa and the rest of the world.

Speaking during the launch of the new subsidiary in Dubai on Thursday, the Chairman, UBA Group, Mr. Tony O. Elumelu, explained that with the Group’s foray into the Gulf Region, UBA continues to focus on its strategic intent to lead the way when it comes to doing business in Africa. He said “Collaborating with our franchises in 20 African countries and the major financial centres of London, New York and Paris, UBA (DIFC Branch) will facilitate the financing of trade transactions between the Middle East and Africa, enabling trade finance and investments,” Elumelu said.

“We have been looking forward to this day as it is the first time we will have presence in this part of the world. We know that our international expansion is incomplete if we are not present in the gulf”, he continued.

UBA’s Group Managing Director/CEO, Mr. Kennedy Uzoka, who also spoke at the event said, “Today, we are formally on four continents across the globe, operating in 24 countries, serving over 35 million customers and still growing.

“We are the only bank with Nigerian origin that has extended out of Nigeria to the UAE. Those before us have come through other locations and that shows the strength and respect the Dubai authorities have for UBA. Our presence in Dubai affirms that UBA is a strong franchise, expanding its reach across the world,” Uzoka said.

“The authorities and business environment here in the DIFC is phenomenal and UBA is seeing Dubai as the gateway for Africa and that is why we are here, to be closer to our clients, to be partnering with them and facilitate businesses and trade flows into Africa through the UBA franchise. So, we are super excited”.

On his part, the CEO, UBA(DFIC), Mr. Vikrant Bhansali, said; “Trade, commerce and Investments in Africa is expanding in the Gulf Region and Asia. Leveraging the presence of UBA Group in global financial centres, UBA (DFIC) will enhance the ability of the group to facilitate access of Gulf investors and banks to African markets. We will finance trade, facilitate commerce and help grow investment in Africa, across all sectors.”

Arif Amiri, Chief Executive Officer, Dubai International Financial Centre(DIFC) Authority, said during the ribbon cutting ceremony “UBA(DFIC) attests to the strong relationship between Dubai and Africa. It is a beautiful start as we are looking forward to achieving more interaction, channelling more trade and investments into Africa, and with UBA DIFC, we are closer to achieving our objectives. DIFC will continue to seek partnerships that will deliver winning relationships as we have just witnessed with UBA Group.

Aero Contractors suspends operation temporarily

By Favour Nnabugwu

 

 

Nigeria’s oldest airline, Aero Contractors, has temporarily suspended operations over economic crisis and skyrocketing prices of JET A1 amid scarcity

The Airline Operators of Nigeria (AON) had recently hinted that two airlines may soon stop operation over the Jet A1 crisis and other operational challenges that have left the airlines bleeding.

In a statement announcing the development, the airline said the suspension of operation would take effect on July 20.

The statement said the temporary cessation of operations “does not in any way affect the Maintenance activities of the Approved Maintenance Organisation (AMO) otherwise known as AeroMRO, the Approved Training Organisation (ATO) also known as Aero Training School, the Helicopter and Charter Services operations.”

“This decision was carefully considered and taken due to the fact that most of our aircrafts are currently undergoing Maintenance, resulting in our inability to offer a seamless and efficient service to our esteemed customers.”

“We are working to bring these aircrafts back to service in the next few weeks, so we can continue to offer our passengers the safe, efficient, and reliable services that Aero Contractors is known for, which is the hallmark of Aero Contractors Company of Nig. Ltd.

“The past few months have been very challenging for the Aviation industry and the airline operators in particular. With the high cost of maintenance, skyrocketing fuel prices, inflation, and forex scarcity resulting in high foreign exchange rates. These are amongst the major components of airline operations.

“In the meantime, we are working assiduously to return to service as quickly as possible, and do assure our esteemed customers and stakeholders of our determination, that our short absence will not create any major void in the market, as we are coordinating with our business partners to ensure minimum discomfort to ticket holders.

“As members of Spring Alliance (a commercial alliance with member airlines providing mutual support in the area of operations), we are liaising with our partner airlines to minimise the impact on our esteemed customers.

“Our customer service team will be working to help affected esteemed customers reach their destinations

We sincerely apologise for any inconvenience caused to our esteemed customers and promise to return to service as soon as possible. We thank you in advance for your cooperation and understanding at this time.”

More faces at CIIN president, Edwin Igbiti’s investiture

CAPTIONS:

L –Barr. Rotimi Edu, President, NCRIB, Vice President Chartered Insurance Institute of Ghana, Dr. Geraldine Abaidoo, 51st President, CIIN, Mr. Edwin Igbiti and his Wife, Mrs. Esther Igbiti and the Chairman NIA/ Managing Director, Cornerstone Insurance Mr. Ganiyu Musa at the investiture ceremony held at Lagos Continental Hotel, Lagos.

L- The Doyen of the insurance industry, Olola Olabode Ogunlana, Mrs. Esther Igbiti, 51st President, CIIN, Mr. Edwin Igbiti, Chairman of the Occasion, Chief (Dr.) Oladele Fajemirokun, His Royal Highness, Alhaji D. Y. E. Kanoba and immediate Past President CIIN, Sir (Dr.) Muftau Oyegunle at the investiture ceremony held at Lagos Continental Hotel, Lagos.

Deputy Commissioner (Technical) for Insurance, Mr. Sabiu Bello Abubakar giving the Keynote Address on behalf of the Commissioner for Insurance, Mr. O. S Thomas at the investiture ceremony held at Lagos Continental Hotel, Lagos.

The Chairman of the Investiture Ceremony, Chief (Dr.) Oladele Fajemirokun delivering his speech at the investiture ceremony held at Lagos Continental Hotel, Lagos.

L-Barr. Vice President Chartered Insurance Institute of Ghana, Dr. Geraldine Abaido;     Rotimi Edu, President, NCRIB, 51st President, CIIN, Mr. Edwin Igbiti and his Wife, Mrs. Esther Igbiti at the investiture ceremony held at Lagos Continental Hotel, Lagos.

Mr. Edwin Igbiti being sworn in by Ven. Olusola O. Ladipo-Ajayi as the 51st President of the Chartered Insurance Institute of Nigeria (CIIN)as the wife Mrs Esther Igbit watches in admiration

NEPZA attracts $1bn investment to Niger State

By Favour Nnabugwu

 

 

The Nigeria Export Processing Authority (NEPZA) has achieved another feat in nation’s economic development by striking yet again a $1billion investment in Niger State.

Managing Director of NEPZA, Prof. Adesoji Adesugba stated this while handing over an approved Free Trade Zone declaration license to officials of the investing company, Hydropolis Investment Limited in Abuja.

Recall that the Authority on July 8 secured an investment worth $100m at the Medical/Pharmaceutical Special Economic Zone in Lekki, Lagos for the production of a variety of medical equipment.Adesugba, explained that the Authority was assiduously scouting for investment to assist both the Federal Government and the sub-nationals to bridge the country’s development deficits speedily.

He said that the Authority was enthused in delivering an operative free trade zone license to Hydropolis Investment Limited, adding that the now Hydropolis Free Trade Zone occupied 2000 hectares of land at Amfani Village in Magama Local Government in Niger State.

The NEPZA managing director further said that the new zone was set to commit over One billion US Dollar to establish an Industrial Park, Smart City and a world class Cargo International Airport that would provide backward linkages for both local and foreign businesses.

He said that the development was another economic milestone as the zone was bound to positively impact on the country’s employment profile and Gross Domestic Product.Similarly, Dr Abdulmalik Ndagi, Managing Director, Hydropolis Investment Limited, expressed satisfaction on the speedy nature of the approval, describing the zone as an ideal economic pivotal for the entire country, as according to him, the zone will be a replica of Lekki Free Trade Zone in the North Central region of the country.

He further said that the strategic location of the zone to the Kainji Dam gave it the desired edge, adding also that the business ecosystem had already struck a deal with the federal government to source its electricity from the Dam.

“We are sincerely indebted to the President, Muhammadu Buhari, the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo as well as the NEPZA MD/CEO, Prof. Adesoji Adesugba for their efforts and magnanimity in ensuring this becomes a reality. “As a business venture, we are promising to leverage on this confidence reposed on us to contribute our quota to the development of this great nation

`Work has commenced in the location and we hope to roundoff the development of the internal infrastructure like road networks, offices, fencing, electricity before November when the president shall be inaugurating this world class business haven,’’ Ndagi said.

Former Nigerian President, Good luck Jonathan tasks African Parliament on accountability

By admin

 

 

Former President Goodluck Jonathan has charged African parliamentarians to rise above narrow partisan considerations and be committed to pursuing the public good.

Jonathan gave the advice in his remarks on Thursday in Banjul, Gambia, at the opening session of a two-day capacity building workshop for members of the Gambian parliament, organised by The Goodluck Jonathan Foundation (GJF) in collaboration with the ECOWAS Parliament.

Jonathan, who is the Chair of GJF, said that in the age of democracy and globalisation, Africans had no choice outside of conscious efforts to deepen democratic practices and use the instrumentality of democracy to advance the national interest and promote the public good.

The former President in in his remarks made available to the News Agency of Nigeria (NAN) in Abuja, said that the parliament as the institutional pillar of democracy played a very important role in fostering political accountability and stability.
“It is understandable when parliamentarians want to assert their independence because they don’t want to be seen to be a rubber stamp or an appendage to the executive.

A parliament should exercise its independence to the extent that it does not compromise its duty to the people or loyalty to the state.

“This should be the foundation of politics. It is also at the heart of governance. Leadership is not about who gets what, how and when, but about impact and derivable benefits to the society.

“Democracy works better and delivers the most goods when the parliament promotes inter-party collaboration around good policies and initiatives,” Jonathan said.

The former President, who acknowledged the importance of separation of powers in a functional democracy, however, said that did not mean that the organs should function like three different governments within a system.

“It is important to emphasise that every country has only one government, one president, one speaker or leader of the parliament and one chief justice who is the head of the judiciary. Together, they form the government of a country.

“I believe that separation of powers works better when it functions like the concept of division of labour in elementary economics. Division of labour does not mean that a factory will have different production lines, working at cross purposes.
“It only means the sharing of responsibilities among different people or departments for optimal performance towards a common goal.”

He said that political leadership in Africa needed to renew their commitment to national aspirations and consciously seek to bridge the gap between partisan considerations and the imperative of national development.

“Many of us are not strangers to the stories of infighting and exchange of blows and punches in the parliament.

“Democracy loses its essence when politics is made to overshadow governance. Admittedly, politics, democracy and governance have the same goal; to advance the interest of the people through service.

“We notice that in most African parliaments it is either that the dominant party in the parliament is unconditionally shooting down all bills and motions from the opposition camps or the opposition is perpetually living up to its name by kicking against any initiative from the ruling party, no matter how good it is for the country.

“Parliamentarians, therefore, must be ready to support initiatives that are good for the country, irrespective of the source, so long as it promotes progress,” Jonathan said.

The former Nigeria president further said that the interest of a politician, either in the executive or the parliament should be to make the citizens happy.

He said added that for the citizens to be happy, they must be in a position to meet their daily needs and be free to travel to any part of their state without fear.

The former president said that the state fulfilled its responsibility to the people when the citizens could afford their basic needs and were able to exercise their constitutionally given freedoms freely without fear.

“Democracy as a government of the people implies a dialogical engagement between government and its people and the mutual understanding between the aspirations of the people and what the government is able to do to achieve these goals.

“The parliament is the centrepiece of this civic engagement.

“Through bills, motions and other debates, the parliament becomes a theatre of civic engagement where representatives of the people amplify the concerns of the common people whose voices cannot, ordinarily, be heard.

“Parliamentarians therefore are torchbearers who carry on their shoulders the interest of the masses and give strength, faith and hope to the ordinary citizens.
The parliament deepens democracy by providing checks and balances to the executive arm of government and its oversight functions, thereby promoting good governance and accountability,” he said.(NAN)