May 19, 2020

100,000 tonne capacity sugar plant inaugurated by Nigeria’s president

Nigeria
sugar
Flour Mills Nigeria Plc
professo
2 min
100,000 tonne capacity sugar plant inaugurated by Nigeria’s president

The President of Nigeria, Muhammadu Buhari, inaugurated a 100,000 tonne capacity sugar plant in Sunti, Niger State, on 15 March.

The plant, owned by Flour Mills Nigeria Plc., cost N50bn (US$138.5mn) to build and spans across 17,000 hectares of land, of which 10,000 hectares are used for sugarcane.

“One of the cardinal objectives of this administration is to look inwards as we focus on our natural endowments in agriculture and other non-oil sector for inclusive growth and development,” stated President Buhari.

“The level of work and magnitude of investment we are witnessing here today is a clear indication that our policies on economic diversification are on the right path and attracting the right kind of attention.”

“This is the time to convert the area into a commerce and industry hub and I urge other business owners to follow the example of the Flour Mills and invest in the area.”

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The plant is set to develop the nation’s economy, with sugar saving Nigeria on revenue through foreign exchange.

Nigeria’s Minister of Industry, Trade, and Investment, Dr Okechukwu, the Governor of Niger State, Sanni Bello, the Governor of Kebbi State, Atiku Bagudu, the Governor of the Central Bank of Nigeria, Godwin Emefiele, the Etsu Nupe, Alhaji Yahaya Abubakar, and the former Minister of Information, Professor Jerry Gana, all attended the inauguration.

“Sunti Golden Sugar Estates is for our company, more than a dream come true; it is the realisation of a strategic investment designed to produce made-in-Nigeria sugar,” stated John Coumantaros, the Chairman of Flour Mills Nigeria.

“It is in line with our mantra, which is feeding people every day. In Flour Mills Plc, we believe that reliance on imported raw materials for factory processes should be behind us.”

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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