Jadesimi cites mutual respect, equality as key to sustainable partnerships
Dr. Amy Jadesimi, the Managing Director of Lagos Deep Offshore Logistic Base, (LADOL) has
preached mutual respect and equality as key to successful and sustainable partnerships in the business environment, particularly in high growth low income markets.
preached mutual respect and equality as key to successful and sustainable partnerships in the business environment, particularly in high growth low income markets.
Dr. Jadesimi stated this at the just- concluded P4G 2018 Summit in Copenhagen, Denmark,
where she was one of the opening speakers on a High-Level Panel.
where she was one of the opening speakers on a High-Level Panel.
She said: “We need to have equitable partnerships between local / international companies and between private and public sector – respect and equability is key to successful and sustainable partnerships.”
The other distinguished members of the panel included the Danish Prime Minister, Lars Kokke Rasmussen; Bangladesh Minister of Foreign Affairs, Abul Hassan Mahmood Ali; President and CEO World Economic Forum, Borge Brende; and Ana Hajduka the Founder and CEO of Africa GreenCo.
Giving her views on financing, Dr. Jadesimi urged P4G to support a universally- accepted rating / benchmarking system for sustainability that would enable investors to include sustainability in credit rating analysis as a key criterion.
Sustainability equals profitability, therefore highly sustainable companies should get funding.
Even if sustainable companies do not meet the currently popular but highly restrictive and negative yielding definitions of bankability, this new benchmark would ensure that the right companies get funding and that their investors benefit from higher returns.
Private indigenous companies in high growth / low income countries are suitable
investment vehicles.
investment vehicles.
She continued that: “Investors in NYC are tired of having to invest in negative yielding assets and
we now know that sustainability equals profitability – so this type of benchmarking will grow the markets and truly enable us all to do well by doing good.
we now know that sustainability equals profitability – so this type of benchmarking will grow the markets and truly enable us all to do well by doing good.
“Going forward LADOL will be diversifying and targeting a range of clients from agriculture to
general manufacturing. We want to attract the brightest companies and people into LADOL to partner, engineer and manufacture new industrial solutions for the world’s fastest growing markets, i.e. countries in Africa,” she said.
general manufacturing. We want to attract the brightest companies and people into LADOL to partner, engineer and manufacture new industrial solutions for the world’s fastest growing markets, i.e. countries in Africa,” she said.
Regarding the AU, Dr. Jadesimi reiterated her strong commitment to regional African
collaboration saying “I believe in a strong United Free market AU, where African countries collaborate to build our local markets by sharing ideas, people, resources and markets.
collaboration saying “I believe in a strong United Free market AU, where African countries collaborate to build our local markets by sharing ideas, people, resources and markets.
“Strong Governments in African countries and indigenous private companies will then be
in a position to form equitable international partnerships, based on an alignment of incentives, mutual respect and shared long-term vision.
in a position to form equitable international partnerships, based on an alignment of incentives, mutual respect and shared long-term vision.
“Innovation must be done in our local markets – LADOL is investing in creating an environment where a wide range of local entrepreneurs, engineers and innovators can design solutions in Nigeria for Nigeria. LADOL is partnering through P4G to develop SEZ in Ethiopia and Kenya – let’s industrialise Africa.”
