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Nigeria

Tony Elumelu is in it for the long haul

If you count Africa’s richest man, Aliko Dangote, among your closest friends, conversations about how to grow wealth when the "Africa rising" narrative has faded away are more important than ever. And entrepreneur Tony Elumelu is in it for the long haul, despite the waning sentiment. When he started the Tony Elumelu Foundation Entrepreneurship Programme after he left the banking industry in 2010, Elumelu had a clear mission: to empower 10,000 entrepreneurs across Africa in 10 years and invest US$100m in training and mentoring them. Elumelu, who is also the chairman of Nigerian-listed United Bank for Africa (UBA) and hospitality group Transcorp, believes he can develop Africa by empowering other countries on the continent.

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Inspirational African Women: Ndidi Okonkwo Nwuneli

A new book, Reaching Millions with Impact, authored by social entrepreneur Ndidi Okonkwo Nwuneli, has recently been launched in Lagos Nigeria, to serve as a guide to achieving impact on a larger scale in order to better address the major challenges posed by rapid population growth. These challenges include food provision, healthcare, housing, energy, sanitation, and education.

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Nigeria: Lagos-Ibadan Expressway Repair Reaches 32% Completion

Reconstruction/rehabilitation contract, by the Federal Ministry of Power, Works and Housing, said that the project was 32 per cent completed. Mr. Ibrahim told the News Agency of Nigeria on Monday that work had been completed on one section of the Long Bridge and on various critical sections. NAN reports that section one of the projects is from Ojota in Lagos to Sagamu Interchange and is being handled by Julius Berger. The engineer said more warning signs and crash barriers had been deployed to the highway to ensure free flow of traffic and check accidents. "We will complete the repair of the long bridge by December 15 and we will complete all palliatives to make the road motorable before the Yuletide. "The entire project is 32 per cent completed. We have done earthworks, laid asphalt and base course, done culverts and drains on various changes between Redeemed Camp and the Sagamu Interchange.

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Outsourcing key to start-up success, says DealDey CEO

“It is not about doing everything yourself. You cannot do everything yourself. You should not do everything yourself.” So says Kehinde Oriola, CEO of the Nigerian daily deals website, DealDey. The company was launched in 2011 and is loosely based on the Groupon model, offering promotions and discounts on everything from restaurant meals to spa treatments, and a variety of other services, events, courses and products. Speaking at the annual AfricaCom event in Cape Town this week, Oriola said that when the company first started, it tried to manage every aspect of its business operations. It owned its own delivery vehicles, employed its own drivers, and ran its own warehousing. Until about a year ago, it employed around 500 people.

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