" ITREALMS: Ecobank Economics & Business Award: Femi Asu wins

Saturday, October 17, 2015

Ecobank Economics & Business Award: Femi Asu wins

Femi Asu, a journalist with Nigeria’s Punch Newspaper, has emerged winner of the Ecobank Economics & Business Award at the 2015 CNN MultiChoice African Journalist Awards, ITRealms reports.

In a press release by the bank, Ecobank Group Head of Corporate Communications, Richard Uku, presented the award to Mr Asu at a gala ceremony marking the 20th anniversary of the CNN MultiChoice African Journalist Awards at the Kenyatta International Convention Centre in Nairobi, Kenya on Saturday.

“The Ecobank Economics and Business Award recognizes the excellence of journalistic reporting in this important field, and we are delighted to present the award to Femi Asu for the talent he has exhibited. Ecobank is pleased to be a long-time partner with CNN and MultiChoice in the promotion of excellence in African journalism,” Aku said.

In his winning story, Small businesses in death throes as power supply worsens, Femi Asu reports on the issue facing many Nigerian entrepreneurs, and exposes a major problem for those struggling to grow their businesses. He explains how enormous expenses associated with electricity, coupled with worsening power from the national grid, eat into profits. He shows how many young Nigerians, whose projects could create jobs for others and whose success is crucial to growing the economy, are crippled by prohibitive costs and are going out of business, ITRealms gathered.

The judging panel, which selected the entry from among many other spanning 39 nations across the African continent, said: “This is a story about how the lack of stable electricity supply harms small businesses in Nigeria. Femi Asu focused on an issue not particular to Nigeria but to many African countries. With detailed examples, the author demonstrates how businesses are severely affected including in some cases closing down with huge consequences on the country’s economic development. The piece is well written with the reader taken on a journey that highlights the issue with affected individuals and businesses. Excellent research.”

Commenting on his achievement, Femi Asu said: “I am so delighted to be the recipient of the Ecobank Economics & Business Award in this year’s CNN MultiChoice African Journalist Awards. It means a lot to me, and I appreciate Ecobank’s effort towards boosting the fortunes of business journalism in Africa by sponsoring this award category.”

The CNN MultiChoice African Journalist Awards,
ITRealms informs, rotate location each year in tribute to their pan-African credentials. Ecobank has supported the awards as a corporate sponsor since 2008.

Cyriacus Nnaji/ED,OPs
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