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Register for Tekedia Investment and Portfolio Management program

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Tekedia Investment and Portfolio Management program is designed to provide learners with hands-on experience in performing investment research, investing capital, and managing a portfolio.  The program runs for 8 weeks and it is  completely virtual. Besides some pre-recorded courseware developed by eminent capital market experts, the program includes live Zoom sessions.

In the academic component, the program prepares learners to master the institutional structure, and fundamental concepts of asset valuation, in financial markets, using analytical tools to study the valuation of different types of securities.  Fundamentally, learners are equipped to understand investment theory, portfolio development and management.

In the practical laboratory component, learners evaluate existing portfolio compositions and past performances, generate new investment ideas, research new opportunities, and make recommendations, based on quantitative and qualitative analyses. Subsequently, the recommended securities are recorded, dated and later used to evaluate the efficiency of the picks (in Nigeria and US capital markets).

The program is divided into 3 core components – Investment Fundamental and Tools; Laboratories, Research & Investment Capture; and Lessons Learned.

Cost is N180k (or $400) per participant. For the program curriculum, cost and other details, visit the program page here to register. 

Certificate Awarded: At the end of the program, participants will receive a certificate – Advanced Diploma in Investment and Portfolio Management.

The Bidding for the Red Devils with a United Manchester Spirit

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Manchester United's English striker Marcus Rashford celebrates scoring the opening goal during the English Premier League football match between Manchester United and Leicester City at Old Trafford in Manchester, north west England, on February 19, 2023. - RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images. An additional 40 images may be used in extra time. No video emulation. Social media in-match use limited to 120 images. An additional 40 images may be used in extra time. No use in betting publications, games or single club/league/player publications. (Photo by Oli SCARFF / AFP) / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images. An additional 40 images may be used in extra time. No video emulation. Social media in-match use limited to 120 images. An additional 40 images may be used in extra time. No use in betting publications, games or single club/league/player publications. / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images. An additional 40 images may be used in extra time. No video emulation. Social media in-match use limited to 120 images. An additional 40 images may be used in extra time. No use in betting publications, games or single club/league/player publications. (Photo by OLI SCARFF/AFP via Getty Images)

When Mark Twain wrote “Buy land, they’re not making it anymore”, the world did not know that the future land would be great sports clubs.  Yes, Manchester United which the Glazer family bought for about $940 million in 2005 and which has a debt of almost $600 million, is possibly going to be sold for in the neighbourhood of $6 billion. That is not a bad outcome when you calculate all the dividends already paid out!

People, I have noticed that for the super-rich, it is going to be extremely hard for them NOT to make money. Why? There is a loop that when you buy the best asset class, your returns are nearly assured.

Indeed, they are not creating new great sports clubs and the available ones will keep rising. 

Astronomical bids are pouring in for storied English Premier League football club Manchester United. Qatari bank chairman Sheikh Jassim bin Hamad al-Thani made a public bid for the team late last week — before Friday’s deadline — said to be worth as much as $6 billion, reports The New York Times. British billionaire Jim Ratcliffe has also made an offer for 69% of the club. The value of sports franchises continues to rise and shatter records; Chelsea Football Club sold for $5.3 billion last May, setting a new record for the sale of a sports team. The North American record was set shortly thereafter, when the NFL’s Denver Broncos were sold for $4.65 billion.

Several additional offers were made prior to Friday, according to The Wall Street Journal, which adds that more may come in despite the deadline.

Manchester United, which was bought by the Glazer family for approximately $940 million in 2005, is carrying debt of almost $600 million, according to the Times.

Booty Party, NCEF Endorse Labour Party’s Peter Obi for President

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About 24 hours after the African Democratic Party (ADC) adopted Peter Obi as its presidential candidate, another political party, Booty Party, collapsed its structure into the Labour Party.

In a ceremony held in Lagos on Tuesday, the two parties formed an alliance that was facilitated by the leader of the Yoruba socio-political group, Afenifere, Pa Ayo Adebanjo, who has been a staunch supporter of Obi.

Booty Party’s governorship candidate Olawale Oluwo, said he has given up his governorship ambition to support the presidential candidacy of Peter Obi for the greater interest of Nigeria and Nigerians.

The ceremony was graced by political bigwigs, including Mrs Akerele Bucknor, who served as Lagos State deputy governor under Bola Tinubu, the presidential candidate of the All Progressives Congress. Labour Party’s governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, was also in attendance.

The Booty Party also adopted Gbadebo Rhodes-Vivour, as its governorship candidate in Lagos, but said the state House of Assembly will be harmonized. Oluwo urged the people of Lagos to come out en masse to vote, assuring them of protection against intimidation or attack.

The ADC had similarly adopted Obi as its presidential candidate on Monday. The party said it made the decision following consultations with its stakeholders.

“After our due diligence and critical assessment of the 17 presidential candidates and what they have to offer Nigerians, and after consulting our Grand Patron and former President, Olusegun Obasanjo, we decided as a party that the Obi-Datti Movement is a worthy cause to endorse,” the ADC said in a statement.

Obi has been racking up endorsements from opposition parties ahead of the February 25 election. Other parties like National Conscience Party (NCP) had earlier thrown their weight behind the Labour Party presidential flagbearer.

The National Christian Elders Forum, a group of Christian elder statesmen across the geopolitical zones, has likewise endorsed Obi. The Christian elders, in a statement titled, “Resolutions towards 2023 elections: Think new”, signed by its chairman Dr. Samuel Gani and Secretary, Pastor Bosun Emmanuel, in Abuja on Tuesday, said Nigeria requires new leaders, new methods, new policies, and new political parties for equity, justice, inclusiveness, and unity to produce the preferred future for Nigerians.

The body said: “The National Christian Elders Forum is endorsing Mr. Peter Obi of the Labour Party as the Presidential candidate to be voted for. NCEF encourages all Nigerians of voting age to exercise their civic duty and ensure that they vote for capacity, competency, integrity, and good health. Nigerians, think new!”

Kenyan HR Startup WorkPay Raises $2.7 Seed Funding Million to Expand Operations

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An African HR & Payroll solution provider Workpay has recently raised $2.7 million in seed funding to expand its operations.

The funding round included investors such as Launch Africa, Saviu Ventures, Acadian Ventures, Proparco, Fondation Botnar, Kara Ventures, Axian, P1 Ventures, and Norrsken.

Workpay’s CEO and Co-founder Paul Kimanu disclosed that he sees a massive opportunity for market leadership in Africa, noting that the startup is set to launch a payroll engine that can serve customers in additional markets in a bid to stay ahead of their customers’ needs. He added that the startup will also release an API to enable, for instance, accounting firms to be payroll providers.

In his words, “On the tech side, we have integrated with nearly everyone who is processing payments to allow us to send money to as many countries in Africa as possible. Non-tech means we have established a presence in these countries, and have partners that allow us to be compliant, which is very important.

“We are a full-stack HR Payroll company, and we help employees to manage their people and pay them. And ours is a very neat platform that processes payrolls and helps employers to be compliant. As an employer, you are able to pay employees wherever they are, and in their preferred accounts, they don’t have to be forced to open accounts with specific banks just because the employer banks there and files taxes too”.

He further added that Workpay is building a marketplace, and is bringing in other players that can serve employers and employees on its platform.

Workpay relies on Google Maps Platform’s attendance tracking feature to help business clients analyze their employees’ attendance. Attendance information is fed to the payroll system. For those who are paid based on attendance, the Google Maps Platform helps to locate, or geofence, that attendance.

Founded in 2019, Workpay is a Payroll, benefits, and compliance software company with embedded finance for local and remote teams in Africa. The startup empowers teams to hire local and remote teams across Africa while staying compliant and without the hustle of having local entities.

Workday Payroll is robust and enables the calculation of hourly, weekly, bi-weekly, monthly, or semi-monthly pay runs in any African country. The payroll consists of all statutory deductions (NHIF, NSSF, NITA, PAYE) allowance (benefits) deductions, employee loans, salary advances, paid leaves, etc, for statutory compliance. Employees can access their payslips through the the Android/iOS app’s employee service (ESS) portal.

It is however interesting to note that In 2021, Workpay was selected for the Google for Startups Black Founders Fund in Africa, which provides Black-led startups with equity-free funding, Google Ad grants, and mentorship. Workpay received $100,000 of the first $3 million fund, which is allocated across 50 startups across Africa.

Workpay has recently expanded beyond Kenya, opening an office in Lagos to cater to Nigerian and West African SMBs. 

How Nigerian Electorates Can Prepare for the 2023 Polls

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On Saturday, February 25, Nigerian electorates, registered and endorsed as credible voters by the Independent National Electoral Commission, INEC, are expected to make it to their various designated polling units to decide who will govern them at the national level for the next four years. Based on existing data of registered voters by INEC and the political issues that have surfaced in the country in the last couple of months, it is expected that the 2023 polls will record massive turn out at both the national and the state levels.

However, while evidences have shown that quite a number of Nigerians are excited about the forthcoming general election which is fewer than five days away, it is important for the Nigerian electorates to note the general and some specific facts about the coming elections that will prepare and enable them to exercise their franchise in a peaceful and ethical manner.

The following are tips on how the Nigerian electorates can brace for the coming elections:

Understand voting is your civic responsibility and civic right.

As a citizen, one of your obligations to your state is to actively participate in its process leading to the establishment of a new institution of government which will be saddled with the responsibility of looking over your security and welfare. It is also your prerogative as a citizen to vote for any individual or party you deem fit for the task among alternatives presented to you.

It is important to understand that the government is an institution of the state. Thus, Whether you feel included in or alienated from the government of the past should not deprive you of the opportunity to influence the collective choice of a new government towards a better future for your state.

Be excited about exercising your franchise and trust in the process.

Since voters apathy often results from lack of motivation of the electorates and lack of trust in the system, being intentionally optimistic and having trust in the process is a good way to cope with temptations to not participate in the election.

Be familiar with your Polling Unit.

Your polling unit is where you are expected to cast your vote on the election day. Your polling unit is the closest voting venue to you based on the address you registered during the voters registration exercise. It is generally advised to visit your polling unit a day or two days prior to the election date as this will enable you to familiarize yourself with the terrain and confirm your details on the voters registration lists pasted at the venue.

Don’t Forget your PVC.

Your PVC is your identity without which you cannot not be allowed to exercise your franchise. It is recommended to always keep your PVC handy and within reach a day or two days to the election date. You can place the PVC in the pocket of the cloth you intend to wear to your polling unit the night before.

Be resolute about your choice of candidate.

Before the election day, one is expected to have reached a decision about who one intends to vote for. However, when you leave your home for the polling unit, ensure you are still clear about the motive or rational behind your choice because at the polling unit you will likely meet party agents and loyalists who may hope to influence your decision. The election day is not a day to be credulous or entertain indecision.

On Accreditations and Voting

With your PVC you will be mobilized for accreditation based on the direction of the INEC officials at your designated polling unit. After accreditation, you will be presented with ink and a ballot paper with which to cast your vote.

Note that voting is a secrete ballot system. You will be directed to a cubicle where you can cast your vote privately.

To avoid casting a void vote, ensure the ink is appropriately applied to the box allotted to your preferred party and does not smear on other parts of the ballot paper. The ballot paper should be folded vertically and dropped into the ballot box.

What next after voting?

After casting your vote, you may stay behind to witness the collation and announcement of results. However, if you sense a likelihood of a security threat erupting at the polling unit, you should immediately leave the venue. You can continue to follow the general exercise on one of your local TV stations at home.