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Afrinvest Highlights Investment Outlook, Opportunities For 2023

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Afrinvest Highlights Investment Outlook, Opportunities For 2023

 Afrinvest West Africa, a wealth advisory firm, has outlined the investment outlook for 2023 and how investors can explore opportunities and guard against threats expected in the new year.

Speaking during the investor parley held on Wednesday in Lagos with the theme: ‘Soft or Hard Landing’, Group Managing Director, Afrinvest West Africa, Mr. Ike Chioke, said the event was to engage with clients on the 2023 outlook from the investment perspective.

Chioke said that issues around inflationary trends, COVID-19, commodity prices, Russia and Ukraine war, among others, were key considerations in investing in the new year.

He, however, said that investors had to be guided to explore opportunities presented by key events around the world.

“These happenings have made investment experts come together to look at our own crystal ball of what we see from an investment perspective next year.

“So, this forum is just to engage with clients, asset managers, pension funds managers, mutual funds managers to engage and compare notes on what we do,” he said.

According to Chioke, Afrinvest Consulting manages the investment research unit, and its fixed income, equities and digital space experiences put it in a good position to advise on the investment in 2023.

“The interaction is giving us the rationale to talk to our clients to tell them to be well positioned for the market come 2023.

“We are saying is it going to be a hard landing or soft landing? In either scenario, investors need to be ready and decide when to enter the market and when to exit,” he said.

Chioke explained that it is one thing to enter the market, and another thing to have good returns and make some profit for the year.

“So, 2022 is pretty much done, we are looking at 2023 and what it portends for investors.

“I think that from our perspective from the forex point of view, we still have a complex exchange rate policy in our view, with multiple windows through which investors can access dollars,” he said.

Chief Business Officer, Optimus by Afrinvest, Mr. Ayodeji Ebo, said that a high-interest rate environment presents opportunities to investors.

Ebo said it might present a negative position to the borrower but looking at it from the investor’s perspective, it meant higher returns, which would reduce the bleeding that most investors suffered as a result of higher inflation.

“We know where the interest rate was in the early part of this year, but we see that the gap is reducing. The negative real return on investment is reducing.

“So, we believe that from the fixed income angle, risk-free investment such as the treasury bills presents opportunities,” he noted.

He said such instruments would present higher returns to investors, and remain safe because the government would not default on its obligation.

“We believe that investors are safe in investing in government instruments and blue chip commercial papers. From the equity’s perspective, there are still a lot of volatilities, so there is a negative relationship between the fixed income and the equities which is normal.

“The equities become less attractive when the fixed income interest rate is going up,” he disclosed.

Ebo said investors could also look at it from a dividend yield perspective which is the return on investment.

He said that for investors that go through the conservative approach, dividend yields have increased to an average of about 12 to 15 percent for the stock as a result of the decline in prices.

“When you look at the financial performance of the companies, if they sustain last year’s dividend relative to current price, the yield will be close to 15 percent. So that’s another opportunity that investors can explore,” he said.

Encouraging more people to invest their funds, Ebo said that inflation is real, and reduces people’s purchasing power.

“So even if the interest or the return you’re getting on your investment is not as much as inflation, doing nothing will make you worse off.

“By investing, you are likely to reduce the impact of inflation on your savings and investments,” he stated.

Also, Managing Director, Afrinvest Consulting, Mr. Abiodun Keripe, said the event was to intimate market participants, both at the buy and sale sides, with some of the trends in 2022.

Keripe said it would provide insight and perception about 2023 in terms of how to allocate portfolio, strategise and plan for the investment climate in 2023.

He said the platform was to tell the average Nigerian to be very cautious, particularly as the nation would be going into an election year where there would be some sort of elevation in uncertainties.

Keripe said that investment decision-making could be influenced by so many variables, hence the need for investors to be cautious about how to invest.

He said although inflation was running far ahead of returns, that should not deter investment.

“Assuming you are able to make an investment where you earn between 10 and 20 percent, what that means is you have been able to cut down your actual cost of living by 10 percent.

“In real terms, your exposure to inflation is moderated by the extra income from investing, which is more important than you just taking inflation 100 percent,” he added.

Also speaking, Chief Investment Officer, Afrinvest Asset Management Ltd., Mr. Robert Omotunde, said that diversifying the portfolio from a currency perspective, is one of the critical strategies that investors need, especially in an environment where inflation is hyper.

On hyperinflation within countries, such a move, he said, would enable investors to beat inflation and make good returns on investments.

“Although, there are laws within the country that prevent dollarisation of the economy to avoid putting pressure on the local currency, for investors with dollar inflows, such investment is advisable.

“It makes sense to take advantage of dollar investment opportunities for investors with dollar inflows. There are a number of portfolios or opportunities that you can take in different asset classes,” he said.

According to Omotunde, there is no over-emphasising the point that investors are going to beat inflation and get superlative returns.

“More so, as 2023 beckons, such investors need to consider diversification by currency and US dollars is a major currency diversification that we preach,” he added.

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Methodist Church enthrones first female Bishop in Nigeria

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Methodist Church enthrones first female Bishop in Nigeria
*First Female Bishop of Methodist Church Nigeria, Most Rev Dr Nkechi Nwosu, Bishop Diocese of Jos

The Methodist Church Nigeria, on Sunday, enthroned Rt Rev. Nkechi  Nwosu as the first female bishop of the Church in the country.

 Nwosu was enthroned by His Grace, Most Rev Dr. Joseph Nnonah, Archbishop of Kaduna at the Christ Methodist Cathedral, Jos.

The new bishop in a brief interaction with newsmen revealed that “God is using what has happened in the Methodist Church, Nigeria to tell the whole world that the time to release women to fulfill their destiny has come.

She said that women and men needed to join hands to achieve the mandate of God.

“God knew that by creating only Adam, He will not be able to bring his heart’s desire, so He had to make the woman to complement him.

“So, for the word of God to reach to the end of the world, “man must put their hands together to serve God”, irrespective of gender because God is a spirit.

“He is not a flesh, the flesh we are seeing is just for our comfort, as He said that everybody who believes in Him and is led by the spirit of God is the son of God.

“And so every child of God who is born again and dwells in the Holy Spirit is a son of God.

“And when men or women of God in charge of denominations understand this, I believe we will conquer more for the Lord than what we have done,” she said.

On the 2023 general elections, Nwosu called on Nigerians to listen to the voice of God who knows the best leader for the country at this moment.

She said that God gave Nigerians conscience and power and that the power is in the Permanent Voters Card (PVC).

“We must all go out there and agree with God, listen to the spirit of God and do what God said we should do.

“Do that so that God will use us and anybody He wants to put on that seat to restore Nigeria to a place of pride in Africa, and the world,” she added.

His Eminence, Dr. Samuel Uche, Prelate Emeritus, Methodist Church Nigeria, during whose tenure Nwosu was elected bishop, said that God made all humans equal.

Uche said that Jesus Christ elevated the position of women by being born of a woman.

“So I believe there is no difference between a man and a woman, after all, in the Hebrew language, a man is a he-man and a woman is she man, so we are all men.

“And moreover, in Methodist Church, we taught that people who have reached menopause, who are no longer childbearing can hold responsible office in the church because they have the capacity.

“They have the ability, they are meticulous, resourceful and spiritual.

“So we decided that we should have in Methodist Bishop a woman and I know that some time ago, the President of the British Church was a woman from Ireland,” he said.

 Nwosu will serve as Bishop of Jos Diocese.

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LIGHTER MOOD: *WHAT SOCIOLOGISTS SAY..:!*

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LIGHTER MOOD: *WHAT SOCIOLOGISTS SAYS...:!*

LIGHTER MOOD: WHAT SOCIOLOGISTS SAY…

*1- If you are in a hotel or restaurant, and you put more sugar or milk in your tea than you do in your home then you have a predisposition to corruption.*

*2- If you use more tissue paper, soap or perfume in a restaurant or public place than you do at home, then if you have the opportunity to embezzle, you will embezzle.*

*3- If you serve yourself more food than you can devour in weddings and open buffets just because someone else will pay the bill, this is proof that if you have the opportunity to eat public money, you would.*

*4- If you usually skip people in queues, it is certain that you will not mind climbing on the shoulders of others to reach power.*

*5- If you consider that what you collect from the street, money and other things is your right, then you have signs of a thief.*

*6- If you care more about knowing a famous last name instead of a first name then you are a racist and will likely help people only because of who they are.*

*7- If you violate traffic rules and have no regard for the traffic lights… you have a tendency for all transgressions.*

_Fighting corruption starts from the self. Let’s try to be distinguished people wherever we are, and remember that honesty is what you do between you and yourself and not just what you do in the presence of people._

*_Fighting corruption starts with self!*

*Capt. Akin Ibrahim Olugbade

LAGOS 

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Academy to Establish Football School in Abuja, to Export Talents abroad

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Academy to Establish Football School in Abuja, to Export Talents abroad

 Prestige Football Academy, an Abuja-based club, said on Friday it had intensified plans to establish a football school in the FCT, to enable youths to develop their football talents.

The Manager of the academy, Uchendu Nwabara, said in a statement that the football institution, when completed, would combine secondary school education with football training.

Nwabara said the aim was to achieve holistic development of the players in line with modern sports business concepts.

“We want to create opportunity for every player to achieve his or her career in a reputable club locally or internationally, with high academic standards as well as social and health development,” he said.

According to Nwabara, beyond establishing the school, the academy is planning to recruit 30 players between ages 14 and 20 in an exercise expected to hold from Jan. 9 to 21 in Abuja.

Nwabara explained that the recruitment was part of efforts to develop the football careers of some talented youths in Abuja.

He said that 14 of the 30 recruited players would be taken to Ghana for trials where scouts from UK, Italy, France, Poland, Qatar and Ghana would watch them play and subsequently land them deals with foreign clubs.

Nwabara said, “qualified players from ages 18-20 will sign contracts with clubs, while the minor ages of 14-17 who excel in the trials can still be selected by the clubs to inject into their respective academies based on agreement with the academy”.

He said the screening, which attracted a token amount, would take place at Baze University Sports Field, Abuja, while that of Ghana would take place in Obuasi, Kumasi, Cheetah FC Stadium in Accra, Ghana.

The football manager said a curriculum had been designed for the academy to assist the players to develop their football career alongside their academics.

“Our curriculum is mostly associated with teaching football skills and education which includes different approaches to football training, drills and exercises, learning and assessment as well as instilling quality relationships between coaches and the players.

“We have developed a curriculum that provides an opportunity to create relevant, coherent and engaging environment for all players and coaches.

“Players are to have a clear purpose of representing the team and to provide a reference point not only for football but also for their education.

“We offer team assessment that provides the opportunity for self-discovery, cognitive and mental development and we evaluate players’ skills and performance standards.

“We engage in local and international friendly matches to enable each player to attain his full capacity in football and we inculcate confidence, self-esteem, knowledge and create the opportunity for players to participate in competitions at various levels.

“In general terms, our educational football academy consists of everything that promotes intellectual, personal moral values, social and physical development of the participants,” Nwabara said.

He added that the academy was in partnership with FIFA-verified agents, including Istepan Saraka from UK, Geinnaro Gisonna from Italy, Onur Demr from France, Janusz Dziedzic from Poland, Hamad Al-Hal from Qatar and Emmanuel Samjohn based in Ghana.

He also said that competent coaches and intermediaries were among those facilitating the signing of players.

“We have a reservoir of international collaborators who conduct scouting competitions from time to time and select the best players for foreign clubs”.

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