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Friday, May 10, 2013

Tony Elumelu Foundation Hosts Foremost Business Expert Prof. Michael Porter 05-12


Tony Elumelu Foundation Hosts Foremost Business Expert Prof. Michael Porte

Michael Porter
VENTURES AFRICA – The Tony Elumelu Foundation hosted its Founding Patron, the world’s foremost expert on business strategy and competitiveness, Professor Michael E. Porter, at a series of lectures and events intended to inspire and improve business leaders in Nigeria.

“We are committed to developing the future leaders of industry in Africa,” said Elumelu. “The Tony Elumelu Foundation has dedicated itself to the promotion of entrepreneurship, and the creation of an enabling environment for business leaders to reach their maximum potential and transform their communities. This is how economic prosperity for all will be achieved; this is what adds social value to the people of Africa.”

At the lecture delivered at The Tony Elumelu Foundation offices in Ikoyi, Porter, who is known as the world’s “most influential management guru,” spoke on competitive strategy, addressing entrepreneurs and business leaders on how best to sustain market advantage.

Porter also met with the members of the recently-inaugurated National Competitiveness Council of Nigeria (NCCN), which is chaired by the Minister for Trade and Investment, Olusegun Aganga, to deliver a timely lecture on how to improve the productivity and competitiveness of the Nigerian business environment, which is experiencing a lot of activity under the transformation agenda.

Friday, the Tony Elumelu Foundation and US-based AllWorld Network, which ranks dynamic fast-growth private companies globally, hosted the inaugural Nigeria50 Awards, at Eko Hotel & Suites in Lagos, to honour 50 of Nigeria’s most innovative and fastest growing companies.

Arjan Mirchandani runs the number 1 company, Euro Global Foods and Distilleries Ltd, which blends, bottles and distributes beverages with inputs sourced from local farmers. Mirchandani is aiming to create a positive change in blending and bottling in Nigeria by establishing processing facilities that support local farmers and the greater agricultural sector while also creating jobs.

The runner up is Swiss Biostadt Limited, a medical services company owned by Emmanuel Ajayi. In third place, Global Oceon Engineers, a Lekki-based engineering services company run by Seun Faluyi.
The 50 awarded entrepreneurs have diverse professional backgrounds and run companies in energy, IT, agriculture, management consulting, financial services, logistics, medical practice and more.
Porter, who is an AllWorld co-founder, emphasized that, “It is entrepreneurs who are going to change the developing world, not governments. The Nigeria50 companies represent the leading edge of a new approach to the region’s competitiveness.”

Founded in 2010, The Tony Elumelu Foundation is an African-funded philanthropic organization focused on supporting entrepreneurs in Africa by enhancing the competitiveness of the private sector. The foundation creates impact through business leadership and entrepreneurship development programmes, impact investments, research and policy advocacy.

AllWorld’s mission is to find and scale ALL the growth entrepreneurs of the emerging world by 2015. AllWorld systematically identifies and ranks the fastest growing private companies to create the Arabi
a500, Africa500, Asia500, Eurasia500, and America500.

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