Africa
Prudential Plc, a leading share registration and investor services firm
has partnered with the International Co-operative Alliance-Africa (ICA)
to deploy
technology solutions for a more efficient administration of
co-operatives and thrift societies across Africa. The commitment was
made public at the 12th African Ministerial Co-operative Conference which was held
on October 2 to 5, 2018 in Abuja,
Nigeria.
The
theme for this year’s conference centred on leveraging the recently
signed African
Continent Free Trade Area (AfCFTA) Agreement. According to the World
Co-operative Monitor, the Co-operative bodies provide jobs to the 10
percent of the World’s employed population and generate a towering
USD2.1 trillion annual gross turn-over.
l-r:
Botswana’s Assistant Minister, Investment, Trade and Industry, Hon. Moiseraele M. Goya;
Managing Director/CEO, Africa Prudential Plc, Mr. Obong Idiong;
Somalia’s State
Minister for Trade and Industry, Hon. Dahir Abdi Abdullahi (Dr. Go);
Chairman, Africa Prudential Plc, Chief (Mrs.) Eniola Fadayomi; Regional
Director/CEO, International Co-operative Alliance – Africa, Dr. Chiyoge
Sifa; Lesotho’s Minister of Small Business,
Cooperatives and Marketing, Hon. Chalane Phori; and Non-Executive Director, Africa Prudential Plc, Mr. Peter Ashade
at a cocktail hosted by Africa Prudential
Plc to commemorate the 12th African Ministerial Co-operative Conference
held in Abuja recently.
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Chairman
of Africa Prudential Plc, Chief (Mrs.) Eniola Fadayomi, while
addressing dignitaries
at the conference, noted that Africans need to take the lead in solving
the continent’s problem through greater collaborations among countries
and the Co-operative Movement. She emphasised that among other benefits,
the AfCFTA will create opportunities for
greater bargaining power and employment creation on the continent;
ultimately reducing the vulnerability of Africa to global shocks. “When
we consider the current contribution of the Co-operative sector to
economic development in the respective countries on
the continent, its role in actualising the objectives of the AfCFTA
becomes even more prominent”, she noted.
l-r: Non-Executive Director, Africa Prudential Plc, Mr. Peter Elumelu;
Regional Director/CEO, International Co-operative Alliance – Africa, Dr. Chiyoge Sifa;
Chairman, Africa Prudential Plc, Chief (Mrs.) Eniola Fadayomi;
and Managing Director/CEO, Africa Prudential Plc, Mr. Obong Idiong at
the 12th African Ministerial Co-operative Conference held in Abuja recently.
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The
Managing Director/CEO of Africa Prudential Plc, Mr. Obong Idiong also
noted in his
recommendations on technology inclusion in cooperative management, that
the company has long recognised the strategic relevance of Cooperatives
to economic development across Africa, and that it has been partnering
both with Alliance-Africa, and the Co-operative
Federation of Nigeria (CFN). “We currently have more than 500,000
cooperators activated on our cooperative manager solution—EasyCoop—which
offers end-to-end financial management and member administration, and
with a capacity for over 10,000,000 unique users”
he explained.
While
delivering his Keynote Address, Nigeria’s Vice President, Professor
Yemi Osinbajo, who was represented by the Honourable
Minister of Agriculture and Rural Development, Chief Audu Ogbeh
confirmed that Cooperatives hold a strategic responsibility in the
implementation of the county’s Economic Recovery and Growth Plan.
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