|Ecobank Transnational Incorporated announces leadership Change in its Ghana Subsidiary|
|Mr. Samuel Ashitey Adjei has been appointed Managing Director for the Group’s recently combined region, Central, Eastern, and Southern African (CESA) Countries, consisting of 18 subsidiaries|
|LOME, Togo, February 16, 2016/ — Ecobank Transnational Incorporated (ETI) (http://www.Ecobank.com), parent company of the Ecobank Group, today announced a leadership change in its most profitable subsidiary, Ecobank Ghana Limited.
Mr. Samuel Ashitey Adjei, the current Managing Director of the Ghana Subsidiary, has been appointed Managing Director for the Group’s recently combined region, Central, Eastern, and Southern African (CESA) Countries, consisting of 18 subsidiaries. Mr. Adjei will step down as MD of Ecobank Ghana on the 30th of March, 2016.
Mr. Sam Adjei, credited with the bank’s outstanding performance in the last several years, assumed the position of Managing Director for Ecobank Ghana in 2006, and has since built the bank from eight to 78 branches, and to an enviable position of the leading bank in Ghana. Today, including the Ghana subsidiary, Sam Adjei runs the Group’s West African Monetary Zone member countries. A renowned banker in the Ghana banking industry, Sam has influenced policies and industry transformation, and is a well-respected banking professional across the market.
Mr. Adjei, who started his banking career over 25 years ago, has spent the significant part of his career with Ecobank. He joined Ecobank in 1990 and held several business leadership positions until his appointment as Managing Director. Prior to the MD role, He was Deputy Managing Director for a year, and following that, was an executive director, and head of Corporate Banking & Treasury.
Ecobank Group CEO Ade Ayeyemi said, “over the last several years, and more so in the last 10 years, as Managing Director, Sam has taken our Ghana Subsidiary to unprecedented leadership heights, and has given us a franchise that is well positioned for continued and sustainable success. The last 10 years have seen this subsidiary grow exponentially. It has become the most successful and profitable subsidiary, both internally within the Ecobank Group, and externally in the Ghana banking industry. We are confident that Sam will exemplify this success in his new role as Regional Executive for our newly created CESA Region”.
Mr. Adjei said: “I have spent the last 25 years of my life, contributing to and helping to build this great institution of ours – Ecobank. But the real credit goes to the many great men and women alongside whom I have worked in Ecobank Ghana, the West African Monetary Zone region, and Ecobank overall. I have had the privilege of working with the best and brightest in the industry. Together, my leadership team, and the respective boards of directors, have been the pillar of success at Ecobank Ghana, and the West African Monetary Zone region. I leave my customers and my partners in the industry with a heavy heart, but I continue to believe that it is the overall franchise that has contributed to their respective journeys with Ecobank, and I wish them all well with continued success.”
The Chairman of the Ecobank Ghana Board, Mr. Terence Darko, said: “Sam is a modest and assiduous gentleman. It has been a pleasure to work and learn from him the business of banking. This is a well-earned promotion. On behalf of the Ecobank Ghana Board, its Management team and staff, I would like to thank Sam for his commitment and outstanding leadership over the last ten years. We wish Sam continued success in his new and challenging assignment. There is no doubt that he will replicate this success in his new role.”
Mr. Darko indicated that in partnership with the Group’s head office, the Board will immediately launch the process of selecting a successor to Mr. Adjei, a process that will conclude by the 30th of April.
Hilary Benn MP, Labour’s Shadow Foreign Secretary, responding to missile attacks in northern Syria yesterday, said:
“The bombing of the two hospitals in northern Syria is completely unacceptable and a clear breach of international humanitarian law. Those responsible must be brought to justice and it reinforces the need for the United Nations Security Council to refer this situation to the International Criminal Court.
“These continuing air attacks on civilians by Russia and the Syrian government must end immediately through the implementation of a ceasefire.”
The total project investment is US $21.1 million, which includes a $9.6 million IFAD loan and a $500,000 grant. The government of Swaziland will contribute $6.6 million while local private sector companies will contribute an additional $600,000. The Kingdom of Swaziland is seeking cofinancing of $3.8 million from other donors to make up the remainder.
The agreement was signed in Rome by Moses Malindane Vilakati, Minister for Agriculture of the Kingdom of Swaziland, and by Kanayo F. Nwanze, President of IFAD.
In Swaziland, smallholder agriculture remains the backbone of rural people’s livelihoods. Smallholder farms suffer from frequent droughts, aggravated by climate change effects, and poor access to services and markets, leading to low productivity and declining food and nutrition security which affects children most among the poor rural population. This situation has been further exacerbated by extreme drought conditions since May 2015. The new project will address these challenges by helping farmers diversify their agricultural production and get their goods to markets, at the same time strengthening their resilience to the effects of climate change.
“The approval of SMLP by IFAD’s Executive Board comes at the right time when Swaziland like many other Southern African countries are suffering from the severe drought and food shortage,” said Thomas Rath, IFAD Country Programme Manager for Swaziland. “This is the concrete example of IFAD’s commitments to work together with governments in a sustainable manner to help vulnerable smallholder farmers build up resilience to climate induced shocks.”
The project will promote adoption of modern agricultural technologies and techniques including post-harvest processing and storage, improved seeds and small-scale irrigation to improve the productivity of crop and livestock producers in the project areas. It will concentrate on the production of commodities that respond to demands of local markets as well as farmers’ own needs for sustenance and income, including beekeeping and production of legumes, vegetables, fruits, chicken and goats. In addition, to safeguarding the food security of the farmers’ households, the production of maize and sorghum will also be developed.
Implemented by the Ministry in Charge of Agriculture, the new project will develop approaches for small producers to obtain market information, such as demand and commodities prices, provide extension services and create new jobs for young people in rural areas.
Since 1985, IFAD has invested a total of $44.4 million in 5 programmes and projects in Swaziland. This has generated a total investment of $163.5 million, benefiting some 41,555 rural households.
Press release No.: IFAD/07/2016
The International Fund for Agricultural Development (IFAD) IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided US$17.6 billion in grants and low-interest loans to projects that have reached about 459 million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN’s food and agriculture hub.
President Muhammadu Buhari has approved the appointment of Tijjani Abdullahi as the new Director-General in charge of the Budget Office of the Federation.
Buhari also approved the appointment of Ben Akabueze as the Special Adviser on Planning to the Minister of Budget and National Planning.
Mr. Abdullahi, who is a member of the Certified National Accountants of Nigeria, and a banker of repute with experience in managing public finance, will replace current Director-General (Budget), Yahaya Gusau.
Mr. Gusau was appointed to the office on August 18, 2015, for a term of four years that could have been renewed for another four years.
But he has now been sacked less than six months after, following the widespread irregularities detected in the 2016 budget presently under consideration by the National Assembly.
A statement from the presidency revealed that the new Director – General (budget) is expected to work with the Minister of Budget of Budget and National Planning to efficiently deliver on the mandates of the Budget Office of the Federation
Mr. Akabueze, who is the immediate past Commissioner for Economic Planning and Budget in Lagos State, has worked in senior management positions in Citi Bank, Fidelity Bank, United Bank for Africa, NAL Merchant Bank, Sterling Bank and BIA Consulting Limited, amongst others.
He is Fellow of the Chartered Institute of Bankers; Fellow, Institute of Credit Administrators and Honorary Fellow, Chartered Institute of Bankers.
Update By Ben TV Lagos
Nigeria: Girls released from Boko Haram captivity rejected by society – new report
London, UK/ Borno State, Nigeria: 16 February 2016: Girls and women kidnapped by Nigeria’s insurgent group, Jamāʻat Ahl as-Sunnah lid-daʻwa wal-Jihād (JAS), commonly known as Boko Haram, face mistrust and persecution upon their return to society – according to new research by peacebuilding organisation International Alert with UNICEF.
Kimairis Toogood, Peacebuilding Advisor for International Alert in Nigeria, said:
“These findings show a pressing need to do more to re-integrate those returning from captivity by Boko Haram. Many of these girls already face lasting trauma of sexual violence and being separated from their families, so we must ensure they get all the support they need when they finally return.”
At least 2,000 women and girls have been physically abducted by Boko Haram since 2012, including more than 200 girls in 2014 from their secondary school in Chibok local government area (LGA) in Borno state in April 2014. Many of them have experienced sexual violence or sometimes trained to fight or encouraged to become suicide bombers. Many more women have also been held hostage by Boko Haram in their own local LGAs.
However, as rescue efforts continue by the Nigerian government and military, and many of the survivors are returning home, the community perceptions of them and children born out of sexual violence by Boko Haram, and their integration and relocation are proving difficult.
Communities interviewed for the report viewed returnees as “Boko Haram wives” and “annoba” (epidemics), conveying the fear they have been radicalised and, if allowed to return home, might recruit others.
At the same time, communities generally believed that over time relations could be rebuilt and the women and girls could gradually be accepted and trusted. But for this to happen, the women and girls would need to go through a more comprehensive rehabilitation process before returning home.
In addition, the children of these returning women and girls, whose fathers are believed to be Boko Haram fighters, were perceived with acute suspicion. And while perceptions of women changed over time, this did not apply to children. Entrenched views among communities referred to “bad blood” transmitted to children by their biological father, placing them at risk of rejection, discrimination and potential violence in the future.
Even some of the mothers felt this way:
“When I think of the baby that will come, it disturbs me a lot because I always ask myself this question… Will the child also behave like JAS [Boko Haram]?”
The report also found that while humanitarian assistance was reaching Boko Haram survivors and returnees, it was still inadequate for the breadth and depth of the need. Many women and girls, isolated and ostracised not only by communities but also their families, faced dire poverty and some were forced into prostitution to feed their children.
“There is a fear that if the needs of these survivors and returning populations are not met, these factors could add another dimension to an already complex conflict situation in northeast Nigeria.”
The assessment was conducted in four internally displaced persons (IDP) camps in Maiduguri Metropolitan Council, Borno state capital, where 95% of all IDPs are returnees from Boko Haram camps.
The findings will inform a new project by Alert and UNICEF in northeast Nigeria aimed at better rehabilitating and reducing stigma against women, girls and children associated with Boko Haram, and to prepare communities for their reintegration.
The 58th Annual Grammy Awards held at the Staple Center, Los Angeles, California, just ended and a handful of your favorite pop, rock, rap and country stars have already been named winners for their work this past year.
The award was hosted by legendary rapper LL Cool J. See below for a full list of 2016 Grammy Awards winners:
Best New Artist: Meghan Trainor
Best Rock Performance: Alabama Shakes, “Don’t Wanna Fight”
Best Musical Theater Album: Hamilton
Song of the Year: Ed Sheeran, “Thinking Out Loud”
Best Country Album: Chris Stapleton, Traveller
Best Rap Album: Kendrick Lamar, To Pimp a Butterfly
Best Pop Duo/Group Performance: Mark Ronson feat. Bruno Mars, “Uptown Funk”
Best Rap/Sung Collaboration: Kendrick Lamar feat. Bilal, Anna Wise & Thundercat, “These Walls”
Best Traditional Pop Vocal Album: Tony Bennett & Bill Charlap, The Silver Lining: The Songs of Jerome Kern
Best Pop Solo Performance: Ed Sheeran, “Thinking Out Loud”
Best Rap Song: Kendrick Lamar, “Alright”
Best Alternative Music Album: Alabama Shakes, Sound & Color
Best Rock Album: Muse, Drones
Best Rap Performance: Kendrick Lamar, “Alright”
Best Rock Song: Alabama Shakes, “Don’t Wanna Fight”
Best R&B Album: D’Angelo and the Vanguard, Black Messiah
Best Urban Contemporary Album: The Weeknd, Beauty Behind the Madness
Best R&B Performance: The Weeknd, “Earned It (Fifty Shades of Grey)”
Best R&B Song: D’Angelo and The Vanguard, “Really Love”
Best Traditional R&B Performance: Lalah Hathaway, “Little Ghetto Boy”
Best Dance/Electronic Album: Skrillex and Diplo, Skrillex and Diplo Present Jack Ü
Best Dance Recording: Skrillex and Diplo With Justin Bieber, “Where Are Ü Now”
Best Music Video: Taylor Swift feat. Kendrick Lamar, “Bad Blood”
Best Country Duo/Group Performance: Little Big Town, “Girl Crush”
Best Country Song: Little Big Town, “Girl Crush”
Best Music Film: Amy Winehouse, Amy
Best Rap/Song Collaboration: Common & John Legend, “Glory”
Best Pop Vocal Album: Taylor Swift, 1989
Best Country Solo Performance: Chris Stapleton, “Traveller”
Best Contemporary Christian Music Album: Tobymac, This Is Not a Test
Best Roots Gospel Album: The Fairfield Four, Still Rockin’ My Soul
Best Latin Rock, Urban or Alternative Album: Pitbull, Dale
Best Latin Pop Album: Ricky Martin, A Quien Quiera Escuchar (Deluxe Edition)
Best Comedy Album: Louis C.K., Live at Madison Square Garden
Best Spoken Word Album: Jimmy Carter, A Full Life: Reflections at Ninety
Score Soundtrack for Visual Media: Birdman
Best Gospel Album: Israel & Newbreed, Covered: Alive Is Asia [Live] (Deluxe)
Best Gospel Performance/Song: Kirk Franklin, “Wanna Be Happy?”
Best Contemporary Christian Music Performance/Song: Francesca Battistelli, “Holy Spirit”
Best Contemporary Classical Composition: Stephen Paulus, Paulus: Prayers & Remembrances
Best Classical Solo Vocal Album: Joyce DiDonato and Antonio Pappano, Joyce & Tony – Live From Wigmore Hall
Best Classical Instrumental Solo: Augustin Hadelich, “Dutilleux: Violin Concerto, L’Arbre Des Songes”
Best Chamber Music/Small Ensemble Performance: Eighth Blackbird, “Filament”
Best Choral Performance: Charles Bruffy, “Rachmaninoff: All-Night Vigil”
Best Opera Recording: Saito Kinen Orchestra; SKF Matsumoto Chorus & SKF Matsumoto Children’s Chorus, “Ravel: L’Enfant Et Les Sortilèges; Shéhérazade”
Producer of the Year, Classical: Judith Sherman
Best Regional Roots Music Album: Jon Cleary, Go Go Juice
Best Folk Album: Béla Fleck & Abigail Washburn, Béla Fleck and Abigail Washburn
Best Blues Album: Buddy Guy, Born to Play Guitar
Best Bluegrass Album: The Steeldrivers, The Muscle Shoals Recordings
Best Americana Album: Jason Isbell, Something More Than Free
Best American Roots Song: Jason Isbell, “24 Frames”
Best American Roots Performance: Mavis Staples, “See That My Grave Is Kept Clean”
Best Tropical Latin Album: Rubén Blades With Roberto Delgado & Orchestra, Son De Panamá
Best Regional Mexican Music Album (Including Tejano): Los Tigres Del Norte, Realidades – Deluxe Edition
Best Children’s Album: Tim Kubart, Home
Best World Album: Angélique Kidjo, Sings
Best Reggae Album: Morgan Heritage, Strictly Roots
Best Latin Jazz Album: Eliane Elias, Made in Brazil
Best Large Jazz Ensemble Album: Maria Schneider, The Thompson Fields
Best Jazz Instrumental Album: John Scofield, Past Present
Best Jazz Vocal Album: Cécile McLorin Salvant, For One to Love
Best Surround Sound Album: James Guthrie and Joel Plante, Amused To Death
Best Remixed Recording, Non-Classical: Mark Ronson feat. Bruno Mars, “Uptown Funk (Dave Audé Remix)”
Best Engineered Album, Non-Classical: Alabama Shakes, Sound & Color
Best Historical Album: Various artists; The Basement Tapes Complete: The Bootleg Series Vol. 11
Best Boxed or Special Limited Edition Package: Various Artists, The Rise & Fall Of Paramount Records, Volume Two (1928-32)
Best Album Notes: Joni Mitchell, Love Has Many Faces: A Quartet, A Ballet, Waiting To Be Danced
Best Recording Package: Sarah Dodds, Shauna Dodds & Dick Reeves; Asleep at the Wheel, Still the King: Celebrating the Music of Bob Wills and His Texas Playboys
Best Arrangement, Instruments and Vocals: Maria Schneider, “Sue (Or In A Season Of Crime)”
Best Arrangement, Instrumental or A Cappella: Avi Kaplin, Kirstin Taylor, Kevin K.O. Olusola; “Dance Of The Sugar Plum Fairy”
Best Instrumental Composition: Arturo O’Farrill and the Afro Latin Jazz Orchestra, “The Afro Latin Jazz Suite”
MusiCares Person of the Year: Lionel Richie
Update By Ben TV Lagos
Muyiwa Bamidele, Abuja
Senator Ben Murray-Bruce Has given his campaign for buy Nigeria products to strengthen the Naira a boost by buying some cars from Innoson Motors for his official use.
The senator along with Senate President Bukola Saraki had last week led calls for Nigerians to patronise domestic products after visiting the Made In Aba Trade Fair in Abuja.
The calls which helped make the push to trend on social media platform Twitter via the hashtags #MadeInNigeria and #BuyNaijatoGrowNaija have faded, but Murray-Bruce has continued to canvass support for the products.
The Senator, who bought shoes and hats from the fair, on Monday took possession of some vehicles from indigenous car makers Innoson Vehicles Manufacturing Company.
The vehicles were delivered by the Group Chairman and Chief Executive Officer, Innoson, Innoson Chukwuma.
Proudly displaying pictures with the vehicles, the Senator in a series of tweets urged more Nigerians to support local manufacturers.
The Senator, who disclosed that he ordered five cars from the company, said a bulletproof version of the SUVs would be delivered to him in 90 days.
He also responded to those that have criticised the calls or described them as publicity stunts, saying the support was capable of improving the economic fortunes of the country.