SUNU Assurances Nigeria Plc., a member of SUNU Group which has the vision to be a leading African Insurance Company as it is on a mission to be an insurance company recognized for excellent client services, using cutting edge technology, motivated workforce and good business ethics to meet stakeholders’ expectations has announced the promotion of 37 members of staff for their hard work and dedication.
The promotions, which took effect as from January 2020, is part of efforts to encourage outstanding members of staff to keep up the hard work and remain dedicated and focused on the organisation’s goals.The promotions which cut across various levels ranged from Executive to Senior Manager Level, in different departments of the company.
Speaking about the promotions, the Managing Director / Chief Executive Officer; Mr. Samuel Ogbodu said “This is a necessary step in rewarding high-performing employees who are have been the backbone of SUNU Assurances Nigeria through the years. These promotions reflect SUNU Assurances’ commitment to excellence as we strive to build a high performing team that requires we recruit, retain and recognize individuals for their sterling contributions. The members of staff who were promoted exemplify our highest standards of integrity. They’re passionate team players who consistently develop new strategies that exceed clients’ expectations while growing our business.”
The company is currently in the process of finalizing its recapitalization as mandated by the National Insurance Commission. Although the deadline for the recapitalization exercise has been extended to December 2020, the company aims to hit its target before the set deadline.
U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa. This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa and the United States.
USAID will provide technical assistance and advisory services to prospective businesses through its Trade and Investment Hubs, and will connect UBA with African Diaspora business groups working across the United States. The MOU enables UBA, the only sub-Saharan African bank licensed to operate in the United States, to expand access its reach and extend financing to American companies in the United States looking to do business with African nations.
Recognizing tremendous growth opportunities, USAID and UBA are collaborating to advance Prosper Africa’s goal of substantially increasing two-way trade between Africa and the United States. By working together, they will extend financing and technical assistance to businesses that will strengthen the American economy, grow African economies, and create jobs on both sides of the Atlantic.
The two institutions entered into this agreement as part of the opening ceremony of the Tunisia Prosper Africa Conference, co-organized by the U.S. Embassy in Tunis and the American Chamber of Commerce of Tunisia. The event facilitated U.S. and African business-to-business connections and featured remarks by key representatives from the U.S. Government and the U.S. and African private sector.