Nana Appiah Mensah, Chief Executive Officer the Zylofon conglomerate, Menzgold and other reputable firms, has annexed another prestigious award – adding to the plethora of others won in a short spate of time. He was adjudged the Best Business Executive of the Year at the 8th Ghana Entrepreneur and Corporate Executive Awards 2018 which was held at the Movenpick Ambassador Hotel in Accra, over the weekend. In a short span, Nana Appiah Mensah has projected Zylofon as one of the most progressive business entities – setting up various viable entities under the brand including Zylofon Media (Radio, TV, Online), Zylofon Music, Zylofon Marketing, Zylofon Cash, Zylofon Events, Zylofon Arts Fund, Zylofon Arts Club, Zylofon Movies and Zylofon Publishing. With Zylofon and Menzgold offices springing up steadily across the regions of the country, Nana Appiah has employed thousands of young, enterprising Ghanaians, who are building such a force in state activism and economic development. Nana Appiah Mensah took his social media page to express his gratitude for the award. He wrote; “Thanks guys for the best wishes. We got the BEST BUSINESS EXECUTIVE OF THE YEAR 2017 AWARD. A call to expand our tentacles whether or not our anchor holds, all in our resolve to create jobs and to ensure decent standards of life for the good citizens of Ghana, to develop a Ghana beyond foreign Aid.” Ghana Entrepreneurs & Corporate Executive Awards is organized by Entrepreneurs Foundation of Ghana; the exclusive awards are aimed at recognizing the significance of Ghanaian entrepreneurs in Small, Medium and Large Enterprises (SMLEs) in sustaining economic growth, increasing trade, generating employment and creating new entrepreneurs in Ghana. According to the Entrepreneurs Foundation of Ghana, the award was created to recognize the most successful and respectful government officials, corporate chief executives, entrepreneurs, business executives who own and manage successful organizations in the private and public sector. Other winners were, John Peter Amewu – Minister for Land and Natural Resources, Dr. Papa Kwesi Nduom, Dr. Felix Anyah – CEO of Korle-Bu Teaching Hospital etc. Dr. Daniel McKorley, Group Chairman McDan Group of Companies won the ultimate Overall Best Entrepreneur of the Year Award. Below are the full list of winners: COPORATE EXECUTIVES Mrs Emelia Adjei Ohene-Kena, Managing Director Royal Crown Packaging Limited Best Packaging Industry CEO of the Year, 2017 Mr Mustapha Ussif, Executive Director National Service Scheme Best Young CEO of the Year (Public Sector), 2017 Yoofi Grant, Chief Executive Officer Ghana Investment Promotion Centre Best Business and Investment Service CEO of the Year (Public Sector), 2017 Samuel Sakyi-Hyde, Chief Executive Officer Unicredit Ghana Limited Best Non-Bank Financial Services CEO of the Year Solomon Lartey, Chief Executive Officer Activa International Insurance Limited Best Insurance Services CEO of the Year Ken Ashigbe, Immediate Past Managing Director Graphic Communications Group Limited Best Media Communications CEO of the Year Patience E. Akyianu, Managing Director Barclays Bank of Ghana Best Woman CEO of the Year Josh Varkey, Managing Director Nyonkopa Cocoa Buying Company Limited Best Agri-Business Industry CEO of the Year Yolanda Zoleka Cuba, Chief Executive Officer Vodafone Ghana Best Telecommunications Industry CEO of the Year Abiola Bawuah, Chief Executive Officer United Bank of Africa Best Banking and Finance Services CEO of the Year Jemima Oware, Registrar General’s Department Best Woman CEO of the Year (Public Sector) Dr. Nortey Omaboe, Chief Executive Officer Ghana Community Network Services Limited (GCNET) Best ICT and Trade Facilitation Services CEO of the Year (Public Sector) Dr. Felix Anyah, Chief Executive Officer Korle-Bu Teaching Hospital Best Healthcare Services CEO of the Year (Public Sector) Stephen Amoah, Chief Executive Officer Microfinance and Small Loans Centre (MASLOC) Best Microfinance and Small Loans Service CEO of the Year Paul Asare Ansah, Director General Ghana Ports and Harbour Authority Best Maritime and Ports Industry CEO of the Year (Public Sector) Joe Anokye, Director General Natioanal Communications Authority Best Telecommunications Authority Industry CEO of the Year (Public Sector) Entrepreneurs Dr. Edem Bart Williams, Chief Executive Officer Commerz Savings and Loans Best Non-Bank Financial Services Entrepreneur of the Year Nicholas Bortey, Founder and Chief Executive Officer Liranz IT Consulting Limited Best Technology and Innovation Entrepreneur of the Year Isaac Amoako-Mensah, Chief Executive Officer Classic Amodel Ghana Limited (CAGL) Best Young Entrepreneur of the Year Catherine Nana Esi Anowah Coffie, Chief Executive Officer Anowah Afrique Limited Best Garments and Apparel Entrepreneur of the Year Omane Frimpong, Managing Director Wilkins Engineering Limited Best Electrical and Renewable Energy Entrepreneur of the Year Dr. Wisdom Amegbletor, Chief Executive Officer New Crystal Health Services Limited Best Healthcare Entrepreneur of the Year Rev. Dr. Kwaku Frimpong, Managing Director Frimps Oil Company Limited Best Oil and Gas Entrepreneur of the Year Jane Reason Ahadzie, Chief Executive Officer Stopover JRA Enterprise Best Personal Care and Cosmetics Entrepreneur of the Year Jonathan Lamptey, Chief Executive Officer Comsys Ghana Limited/Telesol Limited Best IT and Telecommunications Entrepreneur of the Year Gideon Ankrofi Ayiku, Chief Executive Officer Rehoboth Properties Limited Best Real Estate and Property Development Entrepreneur of the Year Ghazi Azar, Chairman and Managing Director Azar Group Best Manufacturing Entrepreneur of the Year David Osei Amankwah, Managing Director David Walter Limited Best Civil Engineer and Building Construction Entrepreneur of the Year Harold Quarshie Awuah-Darko, Chairman Premium Group Best Insurance and Pension Entrepreneur of the Year Dr. Matthew Opoku Prempeh, Minister for Education Overall Best Minister of the Year John Peter Amewu, Minister for Land and Natural Resources Distinguished Public Officer of the Year Dr. Papa Kwesi Nduom, Groupe Nduom Entrepreneur Hall of Fame Award Yvonne Nduom, senior Vice President Groupe Nduom Best Woman Entrepreneur of the Year Daniel Awuah-Darko, Executive Group Chairman Vanguard Group Best Group Chairman of the Year Felix Anyah, Chief Executive Officer Korle-Bu Teaching Hospital Overall Best CEO of the Year (Public Sector) Daniel McKorley, Group Chairman McDan Group of Companies Overall Best Entrepreneur of the Year]]>
DFMI Business Lab announces filmmaking-participants from across Africa
After receiving a record number of applications for the third edition of the DFMI Business Lab, the Durban FilmMart Institute is pleased to announce 35 participants from 22 countries across the continent.
The selected participants will undergo a 12-week online business development programme aimed at nurturing and empowering producers with the necessary skills to effectively engage in a global market.
“The Lab is now in its third year. We would like to thank DW Akademie for their continued investment into capacity-building on the African continent,” says Magdalene Reddy, director of DFMI. “In addition to providing filmmakers with the expertise to expand their film career, the lab has created a sense of community between the producers inviting them into a peer-to-peer support system where they are free to share opportunities and learnings as they engage in the film industry.”
The Lab will focus on modules such as Financial management, Business management, Intellectual Property and Entertainment Law, Distribution, and coproduction led by film and creative industry professionals from Burkina Faso, Canada, France, Kenya, South Africa, and the USA.
DFMI Business Lab participants:
Abdifatah Abdi (Somalia)
Boi Beatrice Kenneh (Sierra Leone)
Boris Fredy Agblo (Benin)
Chelsea Art (South Africa)
Doreen R. Kilimbe (Tanzania)
Duwayne Murphy (South Africa)
Emil Garuba (Nigeria)
Faith Riyano (Zimbabwe)
Faye Binetou (Senegal)
François Maree (South Africa)
Ghislaine Kanga (Ivory Coast)
Gopalen Parthiben Chellapermal (Mauritius)
Habtamu Mekonen (Ethiopia)
Ian Tarimo (Tanzania)
Ibtissem Labidi (Tunisia)
Khangelani Mtyhalela (South Africa)
Khanyisile Zondi (South Africa)
Lauren Scholtz (South Africa)
Limbani Maxwell Teputepu (Malawi)
Madelize De Lange (South Africa)
Manar El-Zohery (Egypt)
Muhammad Taymour (Egypt)
Muhannad Lamin (Libya)
Naseeba Bagalaaliwo (Uganda)
Ndumiso Gumede (South Africa)
Nduruka Njoroge (Kenya)
Omoyefe Majoroh (Nigeria)
Oueslati Ager (Algeria)
Oularé Momo (Guinea)
Paul Wilo (Zambia)
Pingdewinde Tiemtore (Burkina Faso)
Rugare Ponde (Zimbabwe)
Sally Ngoiri (Kenya)
Timilehin Adewoye (Nigeria)
Zineb Chafchaouni Moussaoui (Morocco)
The programme is presented in partnership with DW Akademie and supported by the German Federal Ministry for Economic Cooperation and Development. The online programme will commence in October 2023.
The Durban FilmMart Institute receives principal funding from the Durban Film Office and the eThekwini Municipality.
Prof. Douglas Boateng-chaired institutions shine at CEO Awards and CIMG Awards
Two institutions under the leadership of Professor Douglas Boateng, the Minerals Income Investment Fund (MIIF) and Labadi Beach Hotel, celebrated significant wins at the second edition of the Ghana CEO Vision & Awards ceremony, CIMG Awards and HR Focus Awards 2023.
Edward Nana Yaw Koranteng, CEO of MIIF, proudly received the prestigious ‘CEO of the Year’ award in the Minerals category, while David Attu Eduaful, the Managing Director of Labadi Beach Hotel, was honoured with the ‘Excellence in Leadership’ accolade at the Ghana CEO Vision & Awards for skillfully navigating the hospitality giant beyond the challenges of the pandemic.
Labadi Beach Hotel had earlier won the Best HR Management in Hospitality at the HR Focus Awards 2023 and also recently won the CIMG Hospitality Facility of the Year.
Prof. Boateng, speaking about the awards, stressed the importance of good corporate governance. He believed that winning these awards was proof that following ethical and responsible business practices could lead to remarkable success. “These awards are a testament to the power of proper corporate governance and the remarkable outcomes it can achieve,” he said.
Prof. Boateng added that when he was given the mandate the Minister of Finance, Ken Ofori-Atta and President Nana Addo Dankwa Akufo-Addo reminded him that MIIF, especially, was a Ghana and a generational project and not a political party project. To this end, he explained that, there was going to be minimal interference and they have lived up to their promise.
“It is for this reason why we have managed to create the fastest growing sectorial sovereign fund within record time. I am proud of the work we have done so far and I extend a hearty congratulations to the executive management and the other board members of the fund. We shall continue to do what is in the best interest of Ghana and Ghanaians,” he said.
He also went further to laud Social Security and National Insurance Trust (SSNIT) and its Director General, Dr. John Ofori Tenkorang and board chair, Elizabeth Ohene, for empowering the board of Labadi Beach Hotel to function with minimal interference. “This is how institutions are best run. When they are allowed to function properly with good boards and corporate governance principles, they flourish,” he said.
MIIF was established as Ghana’s minerals sovereign fund, with the aim of strategically leveraging the mining sector’s value creation potential for sustainable national development.
Under the tutelage of Prof. Boateng as Chairman and Mr. Koranteng as CEO, MIIF has defied global economic challenges, experiencing rapid growth in just 18 months. Starting at approximately US$125 million in October 2021, when they were appointed, MIIF’s Assets Under Management (AUM) are projected to surpass US$1 billion by January 2024, making it one of the world’s fastest-growing specialized funds during this period.
Prof. Boateng re-emphasized Ghana’s historical significance in West African mining, with the country currently being the leading gold producer on the continent. However, the mining industry had not fully realized its potential to deliver long-term prosperity and opportunities until now.
He was optimistic about the future as MIIF recently announced a US$32.9 million capital investment in Ghana’s first-ever lithium mine, Atlantic Lithium, signalling its commitment to the mining sector’s growth and diversification.
Additionally, MIIF is considering a GH¢300 million investment in the Ada-Songor Salt project operated by Electrochem Ghana Limited, a subsidiary of the McDan Group of Companies, with the potential to become the continent’s largest salt industrial complex.
Labadi Beach Hotel’s resilience and success
Under the guidance of Professor Boateng, Labadi Beach Hotel has continued to thrive despite economic challenges. Earlier this year, the hotel, a key player in the hospitality industry, presented a GH¢10 million dividend to its sole shareholder, the Social Security and National Insurance Trust (SSNIT), for the year 2021. It is projected that the hotel shall declare another dividend to the shareholder.
This remarkable achievement followed the unprecedented challenges faced during the COVID-19 pandemic in 2020 and served as another reason to celebrate Labadi Beach Hotel’s 42-year legacy of providing top-quality services to guests and contributing significantly to Ghana’s tourism sector.
The hotel’s growth is evident, having expanded from its original 104 rooms to now offering 164 rooms, including 2 Presidential Suites, 4 Executive Suites, 4 Superior Suites, 5 Bars, 2 restaurants, and a 900-seater multi-purpose conference and banqueting facilities. The facility also boasts a spa, well-equipped gym, lagoon for fishing, and two luxurious leisure and lap pools set in a tropical landscaped garden overlooking the natural Maale Lagoon.
Prof. Boateng highlighted the significance of Mr. Eduaful’s role as the first indigenous General Manager for the hotel, emphasising, “This demonstrates the potential for success in companies led by Ghanaians and sets an example for other institutions to achieve similar heights.”
Professor Douglas Boateng
Professor Douglas Boateng, Africa’s pioneering Professor Extraordinaire for supply and value chain management at SBL UNISA, is a globally acclaimed expert in procurement, governance, logistics, and industrial engineering within the context of supply and value chain management. Holding numerous qualifications, including a Doctor of Engineering from Warwick and various fellowships from prestigious institutions in the UK and South Africa, he has made remarkable contributions to both academia and the industrial advancement of supply chain management on local and international fronts.
Notably, he received the Platinum Life Time Global Achievers Award in 2016 and a Life Time Achievers Award in 2013 from the Chartered Institute of Procurement and Supply. Professor Boateng’s expertise in industrial engineering, procurement, and supply chain management in developing countries earned him a Life Time Achievers Award from CEO Titans Building Nations in 2016. He is widely recognized for his pivotal role in promoting strategic sourcing’s significance in Africa’s long-term industrialization and socio-economic development.
Furthermore, Professor Boateng has been an elected member of the UK’s Institute of Directors for over two decades, lending his expertise in board-level decision-making, accountability, and governance to both local and international organizations and CEOs.