Africa’s largest cocktail experience is almost here again! Lagos Cocktail Week 2019 (LCW) is set to take place from October 16th – October 17th 2019, at the Balmoral Hall, Federal Palace Hotel., Victoria – Island Lagos. LCW is known as the place where cocktail enthusiasts and international drinks brands come together in a vibrant atmosphere of the cocktail village with highlights like a conference and the much-anticipated bar battle on the final day.
This year’s edition promises to be extra special, as parent company of LCW, Eventi Cocktails, will be celebrating its 10th-year anniversary this month, and to commemorate this milestone, there will be new and exciting
additions to the event this year.
“We noticed there is a huge gap in the cocktail industry, so the best way to fill this gap is through the Lagos Cocktail Week for bar attendants, entrepreneurs and interested personalities all over Nigeria to be trained by industry professionals,” Rawa said.
“This year, we are making our conference more educational with several seminars and workshops with practical sessions for participants,” she added.
These additions include: Specially curated interactive, practical workshops facilitated by industry professionals: Including DIY Photography, Food Pairing, DIY Decor, Pricing, SME Financing, Pricing, and
more. Seminars on forward-thinking topics: Including Coffee Lifestyle, Creativity & Monetization, Spirits Marketing and Marketing & Branding among others.
The Cocktail Village: It’s bigger & better than before! Brands showcasing include BOLS Amsterdam, Fayrouz, Hennessy, Belvedere vodka , Smirnoff, Johnnie Walker , Gordons Gin, House of Angostura amongst others.
The Bar Battle competition will take place as usual but the competition this year will have an international twist, as the winner will attend the BOLS Bartending Academy Amsterdam, and also stands the opportunity to be
their Local Brand Ambassador.
Also, renowned international hospitality industry practitioners will also be a part of the event. The 2019 edition of the Lagos Cocktail Week is supported by The Lagos State Ministry of Tourism, Arts & Culture, Balmoral Events, Eventecture, Zapphaire Events, BOLS Amsterdam, Fayrouz, Hennessy, Belvedere Vodka, Smirnoff, Johnnie Walker, Gordons Gin, House of Angostura, Business of Photography.
We are proudly supported by the following media: BellaNaija, Silverbird TV, Ono Bello, Lost in Lagos, OloriSupergal, Pulse NG, ThisDay Style, Eat.Drink.Lagos, YNaija, Media Room Hub, Modern Ghana, Schick Magazine, CoolFM, Wazobia, Naija Info, and 53 Extra
Date: Wednesday October 16th – Thursday, October 17th
Time: 4pm till 11pm
Venue: Balmoral Hall, Federal Palace Hotel, Lagos
To purchase tickets, call 0803-880-4264 or visit: www.lagoscocktail.com
About Lagos Cocktail Week
The Lagos Cocktail initiative serves as a platform for celebrating and promoting the cocktail culture in Nigeria through events, seminars, training sessions, etc. Our aspiration is for cocktails and the cocktail industry at large to be recognized as an integral aspect of the Nigerian beverage industry.
The first Lagos Cocktail event held on October 2014 as a weeklong event known as The Lagos Cocktail Week (“LCW”). The Lagos Cocktail Week is a unique celebration of the cocktail culture in Nigeria that provides cocktail enthusiasts an opportunity to converge, celebrate and promote cocktails through a host of activities. The event always includes the Lagos Cocktail Conference, featuring seminars, workshops, master classes and an exhibition.
The conference is targeted at cocktail industry enthusiasts, bartenders, mixologists, bar owners, beverage consultants, and anyone in the beverage sector to empower them to be more and do more, and at the same time
providing them the opportunity to learn, unlearn and relearn. It will also expose them to trade secrets, emerging innovations and trends in the industry.
ITFC and OCP Africa unite for the strategic financing, innovation, and capacity building of agriculture in Africa
ITFC CEO Eng Hani Salem Sonbol and CEO OCP Africa Mr Karim Lotfi Senhadj(Image: ITFC)
ITFC and OCP Africa will jointly introduce a new “OCP School lab” campaign in Senegal in November 2019
RABAT, Morocco, October 21, 2019- The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, and OCP Africa, a subsidiary of OCP SA, have signed a Memorandum of Understanding (MoU) that will cater towards strategic funding, innovation and capacity building measures to increase agricultural production yields and income levels for Africa’s smallholder farmers. The agreement was signed between Mr Karim Lotfi Senhadji, CEO, OCP Africa and ITFC CEO, Eng. Hani Salem Sonbol.
The MoU will increase collaboration between ITFC and OCP Africa in various areas, including smallholder farmer training on sound agricultural practices; soil testing and fertility management to support better yields; innovation and digitalization tools to modernize agricultural practices; and capacity building and support of young farmers for sustainable and inclusive development.
Commenting on the MoU, Eng. Hani Salem Sonbol, CEO, ITFC, said that the cooperation with OCP Africa is in line with ITFC’s mandate to support the development of strategic value chains in countries member of the Organization of Islamic Cooperation (OIC). “The services provided by ITFC in the agricultural sector, both in terms of trade financing and tactial support, has expanded significantly over the past years, targeting critical areas of the value chain, from farm input to processing, pre-export, and export. The sector is also one of the value chains that is ready for innovation and SME development.”
OCP Africa’s CEO, Karim Lotfi Senhadji said, “The smallholder farmer is central to OCP Africa’s strategy to support the transition of farming communities from subsistence farming to modern, sustainable agri-business. Our aim is to strengthen the continent’s agriculture ecosystems thus enabling African farmers to prosper. The agreement with ITFC will support efforts to train farmers on best farming practices, test soils for accurate fertilizer recommendations, facilitate access to financing, and improve access to markets”.
ITFC and OCP Africa will jointly introduce a new “OCP School lab” campaign in Senegal in November 2019. A flagship program of OCP Africa, OCP School Lab is an innovative program aimed at increasing the yields and the incomes of smallholder’s farmers on strategic crops by offering a full set of agri-services:
- A School: interactive training sessions with live demos on good agricultural practices and animated videos in local dialects for higher impact
- A mobile Lab: Soil-testing using latest innovations (X-rays, big data and machine learning) and live information on soil needs and fertilizer recommendations
ITFC has been providing significant support to ensure food security in Sub-Saharan Africa. In 2018, trade finance approvals for the food & agriculture sector amounted to US$749.6 million, representing 14.4% of the total trade finance portfolio, a 71% increase compared to the previous year. Sub-Saharan Africa accounts for 50% of ITFC’s food & agriculture sector financing extended in 2018.
Egypt urges World Bank, IMF to support regional integrity in Africa
CAIRO – 18 October 2019: Minister of Investment and International Cooperation Sahar Nasr called on the World Bank and IMF to boost their support to Egypt in achieving regional integrity and intra-trade in Africa, a press release on Friday read.
Addressing the Intergovernmental Group of 24 on International Monetary Affairs and Development in Washington, Nasr called on the WB and International Monetary Fund to expand investments in the region.
The minister said that Egypt’s vision to face the slowdown in global economic growth and trade tensions is to achieve more economic integration and continue to take the path of reform to make our economies more competitive and attractive for investment, to achieve the aspirations of the world countries in growth and development.
Nasr explained that the Egyptian government has implemented a comprehensive economic and social reform program to promote sustainable growth, alleviate poverty, create good jobs, enable the private sector to promote growth, and provide opportunities for all sectors of society to participate in the economy, especially women and young entrepreneurs.
The Minister added that President Abdel Fattah al-Sisi, as the chairman of the African Union, has set the achievement of regional economic integration as a top priority.
Nasr also discussed Wednesday with the World Bank the provision of $500 million for the pollution control and solid waste management project in Egypt.
Nasr added in a statement that Egypt is also discussing with the World Bank raising the level of partnership to support the health and education sectors in Egypt.
For his part, World Bank Vice President for the Middle East and North Africa Farid Belhadj affirmed that Egypt is a very important country for the bank’s fields of work.
“Therefore the World Bank is keen to contribute effectively to the efforts exerted to achieve development in Egypt, especially in the field of infrastructure, in light of the economic and legislative reform that contributed to improving the investment climate in Egypt,”Belhadj explained.
African Development Bank inks €12.5 million deal with Adiwale Fund for SMEs
The African Development Bank on Thursday signed off on its €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in francophone West Africa.
The Bank Group’s board of directors approved the investment in March as part of its commitment to grow SMEs and improve livelihoods in countries underserved by the global equity market.
With a target fund size of €75 million, the Fund will take minority stakes in vibrant SMEs in countries where economic prospects and the Fund’s networks permit a rapid scale up.
Deal size for the Fund will range from €3 to €8 million. Primary target countries will include Cote d’Ivoire, Senegal, Burkina Faso and Mali, while secondary beneficiaries will include Togo, Benin and Guinea.
Across these economies, some of which are fragile states, the Fund will target three sectors: consumer goods and services, including education and health; business services such as transport, logistics, information technology and construction, and manufacturing, including pharmaceuticals, agri-processing and chemicals.
Abdu Mukhtar, Director for Industrial and Trade Development said the Fund’s investment strategy is aligned with the Bank’s High 5 goals especially ‘Industrialize Africa, Integrate Africa and Improving the Quality of Life for the People of Africa’.
“The most exciting part is that the Fund focuses on SMEs in francophone West Africa which accounts for nearly 19% of West Africa’s GDP but attracts only 7% of private equity capital. As these companies grow, they cross the borders and integrate across different countries,” Mukhtar remarked as he signed and exchanged deal documents with the Fund Manager’s co-founder Jean-Marc Savi de Tové.
Established in 2016, the Fund Manager, Adiwale Partners, houses a team of experienced West African nationals with several decades of combined private equity, operational, development finance and asset management experience in Africa, Europe and the United States.
From a development perspective, the Bank’s equity investment will provide growth capital to African SMEs, resulting in spill-over effects on job creation and tax revenues, with about 45% of the jobs going to women, Mukhtar said.
Savi de Tové said the Fund will also provide local entrepreneurs with management expertise and boost best-in class corporate governance and human capital development, which ultimately unlocks growth and supports economic transformation.
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