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Press Release

Endeavor Nigeria Appoints Ireayomide Oladunjoye as its New Managing Director & CEO

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Endeavor, the global entrepreneurship network, has announced that its Nigeria Board of Directors has announced the appointment of Ireayomide Oladunjoye as Managing Director & CEO of Endeavor Nigeria, effective 6 February 2023. Ireayomide takes over from Tosin Faniro-Dada, who has led the organization’s operations for two years.

“Leading the Endeavor Nigeria team for the past two years has been one the most incredible journeys of personal and professional growth, and it’s all thanks to Linda Rottenberg’s 25-year vision of transforming economies, one entrepreneur at a time. I’m delighted that I had the opportunity to be a part of this wonderful team that supports 33 high-impact entrepreneurs leading 16 high-growth companies. I’m happy to hand the wheel to Ireayomide Oladunjoye, who is impact-driven and committed to the future of high-impact entrepreneurship in Nigeria. I’m grateful to the Board of Endeavor Nigeria, under the leadership of Atedo N.A. Peterside (CON), for their support and look forward to Endeavor Nigeria’s continued success,” said outgoing Managing Director & CEO Tosin Faniro-Dada.

Before joining Endeavor, Ireayomide was Head, Startups at Lagos Innovates. She was responsible for developing and implementing Government-led programs to support an enabling environment for Tech Startups and Innovation Driven Enterprises to thrive in Lagos State. 

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“I’m excited to join the Endeavor Nigeria network as Managing Director and CEO. I have been a huge fan of Endeavor’s mission and team for many years; hopefully, together with the Endeavor team, mentors and supporters, we can help uncover the next group of Nigerian unicorns, outliers, multipliers, and high-impact Endeavor Entrepreneurs! I’m looking forward to building on Endeavor’s great platform, selecting more high-growth companies, supporting existing Endeavor Entrepreneurs and the next generation of founders and innovators, said incoming Managing Director & CEO Ireayomide Oladunjoye.

“We are delighted to welcome Ireayomide as Managing Director. We believe her perspective and expertise will add immense value to Endeavor and the high-impact entrepreneurs we support as we continue to scale as an organization,” said Endeavor Nigeria Board Chairman Atedo N.A. Peterside (CON).

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Press Release

Emil Ekiyor Named In “Indiana 250” Most Influential List

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Emil Ekiyor, Founder at InnoPower (Image: Supplied).

IBJ Media has named Emil Ekiyor, one of Africans in the Diaspora leading accomplished community leader and entrepreneur, in the 2024 Indiana 250, the annual list of the 250 most influential leaders in Indiana. The Indiana 250 Most Influential List, now in its third year, recognises the state’s most influential and impactful business and community leaders, representing public and private companies, law firms, universities, not-for-profit, government and community organizations. Mr Ekiyor, is recognised for his accomplishment as a community leader and entrepreneur dedicated to empowering African and African American communities. The list is available at Indiana250.com.  

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Born in Nigeria, Emil embarked on an educational journey to the United States at age 15. He excelled academically and athletically in high school, earning a full scholarship to the University of Central Florida. As a college football team captain, Emil demonstrated stellar leadership and strategic skills. He went on to have a six-year professional football career with the Tampa Bay Bucs, Indianapolis Colts, Atlanta Falcons and Oakland Raiders. Upon retiring from the NFL, Emil transitioned into entrepreneurship and community leadership roles.

Emil currently serves as CEO of InnoPower Indy Inc., driving innovative community empowerment programs. He has also served as President of the Indianapolis Black Expo Indy chapter and Indy Youth Sports, while serving on nonprofit boards like Friends of Education, Teach for America Indy and the Boys Scouts of America.

With a commitment to advancing black talent and closing wealth gaps, Emil brings collaboration, innovation and courage to his community leadership. He continues to create sustainable change as a beacon of hope for African and African American communities.

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Press Release

The Nigeria Office for Philanthropy to Showcase I-PHILANTHROPY Platform at 2024 IMBW @ RALLY

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Nigeria Office for Philanthropy (NPO) Chairperson, Thelma Ekiyor Solanke (Image: Supplied).

The Nigeria Office for Philanthropy (NPO) is set to introduce its groundbreaking I-PHILANTHROPY platform at a high-profile roundtable discussion during the 2024 innoPower Minority Business Week @ RALLY, taking place on August 27-28 in Indianapolis. This landmark event, hosted by NPO Chairperson Honorable Thelma Ekiyor Solanke, will explore innovative solutions for creating access to capital in disenfranchised communities.

I-PHILANTHROPY is a cutting-edge digital solution that leverages technology to support Nigerian small business owners and create unprecedented access to capital for micro-enterprises. The platform’s success in Nigeria offers a promising model for addressing similar challenges faced by underserved communities in the United States.

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“I-PHILANTHROPY represents a paradigm shift in financial inclusion and support for micro-enterprises,” said Honorable Thelma Ekiyor Solanke. “We’re excited to share our experiences at innoPower Minority Business Week @ RALLY and explore how this model can be adapted to empower disenfranchised communities in the USA.”

The roundtable will discuss:

– I-PHILANTHROPY’s impact on capital access for Nigerian micro-businesses.

– Potential applications of the model in US minority communities.

– Strategies for engaging diaspora and global participants in local economic development.

– Opportunities for international collaboration in supporting grassroots entrepreneurship.

This showcase is a highlight of innoPower Minority Business Week @ RALLY, a premier event that combines innoPower’s focus on empowering minority-owned businesses with RALLY’s emphasis on innovative solutions to global challenges. The conference brings together entrepreneurs, investors, community leaders, and innovators to share knowledge, build networks, and drive economic empowerment.

“The I-PHILANTHROPY platform aligns perfectly with our mission to foster growth and success among minority-owned businesses,” said Emil Ekiyor, Founder at innoPower. “This roundtable offers a unique opportunity to learn from international best practices and explore new strategies for addressing capital access challenges in our communities.”

Erica Schweyer, Executioner at RALLY, added, “By bringing together diverse voices from technology, business, and philanthropy, we aim to catalyze transformative ideas that can have real-world impact on disenfranchised communities both in the US and globally.”

 

Sign up for the Roundtable and receive a 88% discount https://innopower.formstack.com/forms/imbwdiscount

 

About Nigeria Office for Philanthropy (NPO):

NPO is at the forefront of leveraging technology for social good in Nigeria. Their I-PHILANTHROPY platform is revolutionizing how global participants can support Nigerian micro-enterprises and contribute to local economic development.

About innoPower Minority Business Week @ RALLY:

This collaborative event combines innoPower’s focus on fostering growth and success among minority-owned businesses with RALLY’s emphasis on innovation and transformative ideas. It brings together entrepreneurs, investors, community leaders, and innovators to share knowledge, build networks, and drive economic empowerment.

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Press Release

Swedfund invests USD 30 million in Access Bank to fund underserved MSMEs in Nigeria

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Swedfund invests USD 30 million in Access Bank Nigeria Plc to reach underserved MSMEs (micro, small and medium enterprises) at scale. By providing long-term capital and capacity building to unbanked and under-banked companies in Nigeria, the investment is expected to support sustainable private sector development and inclusive growth.

Nigeria, with a population of 230 million, has an unemployment rate at a staggering 33%. Additionally, over half of the rapidly growing population is below the age of 30, which further exacerbates the need for job creation and workforce development. As Nigeria also copes with a multitude of crises, including insecurity, food shortages and inflation, the resilience and power of MSMEs is critical to driving sustainable development and reducing poverty.

Swedfund’s investment aids in advancing sustainable private sector development, encouraging inclusive growth, and expanding access to finance. Access Bank, known for its strong market presence and with a committed MSME strategy, serves as an effective partner to reach MSMEs in need of financing in Nigeria, says Kitanha Toure, Regional Director of West Africa at Swedfund.

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Access Bank is systemically important and well-positioned to reach a significant number of MSMEs in Nigeria. Swedfund’s investment will contribute to direct and indirect job creation and other tax-generating activities as well as improved access to finance for rural and underserved groups, female- and youth-owned companies.

Access Bank is eligible to meet the 2X Criteria, a global baseline standard for gender finance, and recognised as the best SME bank for women entrepreneurs in Africa.

The loan is part of a syndicate led by the Dutch development finance institution, FMO, with a total value of USD 295 million. The syndicate consists of other Nordic and European development finance institutions such as BII, BIO, Finnfund and Norfund.

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