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MAX founders join Endeavor Network

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MAX founders Adetayo Bamiduro, Guy-Bertrand Njoya, and Chinedu Azodoh (Image: Max)

Endeavor announced today that Adetayo Bamiduro, Chinedu Azodoh, and Guy-Bertrand Njoya co-founders of Metro Africa Xpress (MAX) were selected as Endeavor Entrepreneurs after a panel deliberation. The selection came after a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship. To create large-scale wealth and jobs and are committed to reinvesting their time and capital in their local entrepreneurship ecosystem. 

Founded in 2015, MAX is building Africa’s largest mobility-tech platform. It aims to serve the millions of independent commercial drivers across Africa who every day move people and goods to where they need to be through the use of 2, 3, and 4-wheeler vehicles. The company provides these independent commercial drivers with financing and tech solutions that ensure they are able to work safely, affordably, and in a way that minimizes damage to the environment. It does this by enabling access to a fast-growing fleet of low and zero-emission vehicles, which include its revolutionary M3 Electric Motorcycle. As well as a service bundle that solves their greatest pain points, such as digital wallets, and savings products, insurance, maintenance plans, and licensing support. 

MAX’s innovative model helps independent commercial drivers to dramatically increase their income to more than 3x the national minimum wage. With current operations in 5 cities in Nigeria and over 7K drivers on its platform, MAX aims to scale its platform and capture a significant portion of the $250B mobility market in Africa.

According to Tosin Faniro-Dada, Managing Director & CEO of Endeavor Nigeria, “We are proud to welcome Tayo, Chinedu, and Guy into Endeavor’s global network and look forward to working with them. They join a select group of inspiring founders, leading some of the most innovative companies in the world”.

Speaking on the value of joining the Endeavor network, Tosin said, “Our goal is to help Endeavor Entrepreneurs become even more successful, pushing them to dream bigger, scale faster and invest in the next generation of entrepreneurs. We provide radical feedback, unparalleled peer and mentor networks, and curated services to help solve many of the common challenges entrepreneurs face. We look forward to supporting more Endeavor Entrepreneurs in Nigeria.”

Speaking on their selection experience and joining the Endeavor network, Tayo Bamiduro, CEO of Metro Africa Xpress (MAX) said, “We are thrilled to be joining a community of innovators and disruptors who are laying the foundations for a better world for all through the power of entrepreneurship. We are excited for the collaborations that this opportunity will unlock, as we continue to advance MAX’s mission of revolutionising mobility in Africa”.

Guy-Bertrand Njoya, Adetayo Bamiduro, and Chinedu Azodoh were selected into the Endeavor network by a panel of global business leaders including Nabyl Al-Maskari (Executive Chairman, Al Maskari Holding & Chairman of the Board of Endeavor UAE), Arjuna Costa (Managing Partner, Flourish Ventures), Andreas Stavropoulos (Partner, Threshold), and Sebastian Gunnigham (Chairman of Santander Consumer Finance and vice-chairman of Openbank).

MAX is the 14th company selected into the global Endeavor network through the regional affiliated office in Nigeria. All three entrepreneurs represent the growing expectation for exceptional entrepreneurs with big ambitions and the ability to execute at scale. 

 

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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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