Angelo Fick asks. Is It Ethical to Be Rich In Africa?

Think Business: Is It Ethical to Be Rich In Africa?

By Angelo Fick
Wealth: both a condition aspired to  by billions and the  source  of   much trouble on Earth. This  is  particularly important to remember on  a continent like Africa.  The resources  of  this  continent  contributed significantly to  the   enriching of  others elsewhere. Without  the   exploitation  of Africa’s  material resources,  much of  the  growth of the  West  after  the  14th century would be  unthinkable; this  included raw materials both vegetable and mineral; but  most  traumatically, it   included  human beings whose enslavement on plantations for cotton and sugar fuelled the  economic growth   which   marked  European  and North American modernity.

Apple Stores Prepares Ahead Of Apple Watch Launch

 Apple will debut its much-hyped Apple Watch, allowing prospective buyers a chance to try on a variety of sizes, straps and settings and place a pre-order before the gadget officially hits the market on April 24th.
Apple’s head of retail Angela Ahrendts has been working alongside design chief Jony Ive to remodel the tech giant’s retail stores so they look like the sort of place one might happily part with tens of thousands of dollars on a rose-gold-encased wearable.
(In a recent New Yorker profile, Ive recalled the comment of one unnamed wag: “I’m not going to buy a watch if I can’t stand on carpet.”)

PARIS, FRANCE – MARCH 27: Apple unveils the creative barricade in front of the new Apple Watch Shop at Galeries Lafayette Paris Haussmann on March 27 in Paris, France. Beginning April 10 in nine countries, Apple Watch will be available for preview, try-on by appointment at Apple’s retail stores, Galeries Lafayette Paris, Selfridges London and Isetan Tokyo and for pre-order through the Apple Online Store. (Photo by Thierry Chesnot/Getty Images for Apple)

Apple has remained predictably mum on what exactly it’ll be doing to upgrade its now 14-year-old Apple Store format beyond the province of “tourists and truants.”
In recent days, close watchers of the Cupertino, Calif. gadget firm have managed to obtain leaked details on the revamp ahead of this Friday’s rollout. The excellent Apple-obsessive blog 9to5Mac published photos of what Apple is describing as “magical” display tables, where the watches will run a demo showcasing their features and apps.

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Only shoppers with reservations will be able to try on an Apple Watch, and even those lucky few will be limited to testing out two models on their wrist. This limitation appears to be part of a larger Apple Store strategy spearheaded by Ahrendts to transform the atmosphere by cutting down on customer lines and wait times.
“Tell your customers we have more availability online, and show them how easy it is to order,” wrote Ahrendts in a memo to employees ahead of the Apple Watch launch, obtained by Business Insider. “You’ll make their day.”

Meet Chief Cletus Ibeto, the Biz Tycoon Whom Aliko Dangote OutSmarted to Become Africa's Richest When He Monopolsed the Importation of Cement and Other Essential Commodities from 1999- 2007 Courtsey of Former President Gen. Obasanjo

 Chief Cletus M Ibeto

 Meet Chief Cletus Ibeto, the Biz Tycoon Whom Aliko Dangote OutSmarted to Become Africa's Richest When Dangote Monopolsed the Importation of Cement and Other Essential Commodities from 1999- 2007 Courtsey of Former President  Gen. Obasanjo Favoritism to Dangote during his tenure as Nigerian President. Chief Ibeto is now the number 11th on the Africa's Richest List released by Venture Africa.

Cletus M. Ibeto

Net Worth: $3.7 BILLION
Industry: Diversified
Country of Citizenship: Nigeria
Age: 62
Number of Jobs Created: 4,500
 Chief Cletus M Ibeto owns and runs the Ibeto Group, the largest conglomerate in Eastern Nigeria. His interests span automobile spare parts, cement production, energy hospitality, petrochemicals, and real estate. Cletus Ibeto has become a household name in Nigeria as a result of his ongoing rivalry with Aliko Dangote. Ibeto is currently building a cement plant in Ebonyi State in southeastern Nigeria that will produce 5 million metric tonnes of cement annually. His Ibeto Group is also the largest manufacturer of batteries and automotive spare parts in Nigeria.
Ibeto began his career as an apprentice in a spare parts proprietorship. He quickly mastered the business and became an automotive spare parts dealer, importing lead acid batteries and plastic vehicle accessories. In 1996 he established Ibeto Petrochemicals Industries Ltd, which blends oil lubricants and produces various types of petroleum products for local and international markets. The Company’s 60,000 metric tonne liquid storage facility is one of the largest of its kind in Nigeria. In 2002, Ibeto established Ibeto Cement Company Limited in direct response to the Nigerian Government’s invitation for indigenisation of the cement manufacturing sector. During President Obasanjo’s rule from 1999 to 2007, several of Ibeto’s shipping vessels importing raw materials were seized by the government under dubious circumstances. Ibeto’s businesses nearly crumbled as a result of what many deemed a deliberate witch hunt. Under late President Umaru Musa Yar’Adua, Ibeto bounced back as all actions taken against him were reversed and damages paid.

Ibeto owns several hotels across Nigeria under the Ibeto Hospitality brand and is building a 250-room hotel in Nigeria’s capital city, Abuja. Ibeto also established Ibeto Energy to exploit Nigeria’s vast gas reserves. Ibeto continues to scale-up operations to catch up to once arch-rival Aliko Dangote.

Does Barack Obama Really Believe and Love Jesus Christ, the Obamas Attends Good Friday Service to Celebrate Christ Death and Ressurection During Easter

Photo: The Obamas in church

The Obamas attend Good Friday Service

Self-Improvement, Millionaires # 1 Success Secret, and Reasons Why You MUST Improve Yourself By Reading Books, Listening & Watching Audio & Video Programs...

As part our commitment to reviving the dying reading and learning culture in Nigeria we are offering readers of this life-changing blog free shipping of books or information materials they order from our online bookstore <www.gooddeals.com.ng>  from April 4th - 18th, 2015.
Visit Good Deals Online Bookstore <www.gooddeals.com.ng>  and choose any book or information material of your choice, and we shall deliver it to you without charging you for the applicable shipping charges. And your order will be delivered to you at your doorstep the next day less the shipping charges.
 Note: You can pay on delivery or before delivery the choice is yours.

A Must Read ( Amazing Story of Apostle Dr Kwadwo Safo, the Ghanaian who manufactures Kantanka jet, an air-conditioned four seater aircraft, he also manufactures a 4-wheel drive, ignited by a walking stick, television sets, air-conditioners, home theatres and other gadgets are turned off by waving or clapping of hands and many other inventions and solutions he has pioneered

Apostle Dr. Kwadwo Safo Kantanka

Quick Facts

Born: 26^th August 1948

Home Town: Ashanti Bekwai

Nationality: Ghana, Africa

Official website: www.kantanka.com

 A Must Read ( Amazing Story of Apostle Dr Kwadwo Safo, the Ghanaian who manufactures Kantanka jet, an air-conditioned four seater aircraft, he also manufactures a 4-wheel drive, ignited by a walking stick, television sets, air-conditioners, home theatres and other gadgets are turned off by waving or clapping of hands and many other inventions and solutions he has pioneered

See The amazing Security and Irrigation Robots Developed by Apostle Dr Kwadwo Safo, the Ghanaian industrialist and founder of Great KOSA company,

Kantanka Security and Irrigation Robot

Apostle Dr Kwadwo Safo, the Ghanaian industrialist and founder of Great KOSA company, exhibited two robots in  2013 during the  Kristo Asafo 33rd annual Technology Exhibition held at Awoshie, Accra.
The two humanoid robots – multipurpose prototypic models – one of which is highly programmed for residential security issues; the second, for routine irrigation practices have been the third generation of robotic manufacturing by the Great KOSA Company.
The ‘Security Robot’ uses eye-sensing mechanism to determine the presence of visitors: at a raised arm stretch a bar code reading device [in the palm of the robot] complements a Bar Code Identification Card – which the visitor is requested to show – also designed by Apostle Safo. Pairing and identification follows presto. The door opens and robotically closes [all happening within a fraction of a micro second by an integrated-intricate-circuiting] upon entry.

Meet Nigeria’s youngest billionaire, the founder and CEO of Taleveras Group,

 

 Igho Sanomi

Net Worth: $1.3 BILLION
Industry: Oil and Gas
Country of Citizenship: Nigeria
Age: 39
Number of Jobs Created: 1,300
Nigeria’s youngest billionaire is the founder and CEO of Taleveras Group, a Nigerian energy, power, construction and trading conglomerate with an annual turnover of more than $3.5 billion.
Taleveras is one of Africa’s largest energy trading companies, moving over 100 million barrels of crude and large quantities of condensates, gasoline, jet fuel and liquid petroleum gas every year. Sanomi recently joined with fellow billionaire, Benedict Peters, to acquire an oil mining license, OML 29, for $2.5 billion. Sanomi’s Taleveras owns a 5-percent stake in one of the most prolific oil blocks ever sold, while Benedict Peters’ Aiteo owns 85 percent. The block holds about 2.2 billion barrels of oil and approximately 300 million cubic feet of gas. Taleveras also owns stakes in two other oil blocks in Nigeria as well as lucrative production

Soon Many Nigerians Will Be Driving Brand New Cars Instead of Fairly Used Cars, As 12 Auto makers Invest In Nigeria Automobile Industry

No fewer than 12 automobile manufacturers have expressed interest in establishing  assembly plants in Nigeria, Africa’s biggest economy, according to National Automobile Council’s Director-General, Mr. Aminu Jalal.
This announcement came after Mr Pablo Segrelles, the Chief Economic and Commercial Counselor of the Embassy of Spain in Nigeria announced that about seven Spanish companies wants to invest in the country’s automobile industry.
In October, 2013, the Federal Government of Nigeria launched the Automotive Industry Development Plan aimed at discouraging importation of used cars and encouraging the local manufacturing of new vehicles which will in turn attract local and foreign investments to the sector.
Speaking on the latest development, Jalal said groundwork has already commenced on the proposed assembly plants.

Meet Chief (Dr.) Innocent Ifediaso Chukwuma, OFR., the Most Enterprising, Celebrated, Decorated and Industrious Nigerian. The Manufacturer of Innoson Vehicles and Motocycles

 Chief (Dr.) Innocent Ifediaso Chukwuma, OFR.

Chief (Dr.) Innocent Ifediaso Chukwuma, OFR, Chairman, IVM Innoson Group Of Companies Ltd

Chief, (Dr.) Innocent Ifediaso Chukwuma was born in 1961 at Umudim, Nnewi, Anambra State. He is the last of six children born to Mr and Mrs Chukwuma Mojekwu of Uru-Umudim Nnewi, Anambra State. After his education, he started trading in spare parts under the name Innoson Nigeria Ltd in 1981. His company is third after Leventis and Boulos Enterprises in assembling branded motorcycles in the country.

Bill Gates Message to Microsoft employees to celebrate the company's 40th anniversary.

On April 4th, 1975, Bill Gates and Paul Allen started a little company named Microsoft. You probably know the story from there: Gates went on to become the wealthiest man in the world, and then gradually pulled back from his company to focus on broad philanthropic efforts through the Bill & Melinda Gates Foundation. (In case you missed it, Gates guest-edited The Verge this February to discuss many of those charitable programs.) But Gates is far from finished at Microsoft; last year after Satya Nadella took over as CEO, Gates said he would be taking a bigger role at the company — using up to a third of his time to advise Microsoft employees on new products.

Top 10 Richest Actors In The World......Continued from 6 -10

 6. Tom Hanks
 
Tom Hanks is a man of many hats. He’s been an actor, screenwriter, director, and producer. Over his many years of being in the industry, he has won countless accolades for his roles in films like Cast Away, Catch Me If You Can, Apollo 13, Toy Story, Da Vinci Code, You’ve Got Mail and so many other films.
Net worth: $390 million