INNOSON - THE FIRST MADE IN NIGERIA CARS,BUSES ,TRUCKS

Courtesy: Federal Ministry of Information

The youngest among six children, Chief (Dr) Innocent Ifediaso Chukwuma (OFR), was born into the family of Mr & Mrs Chukwuma Mojekwu of Uru-Umudim, Nnewi, in Anambra State, without the proverbial silver spoon in his mouth. But, what he lacked in affluent parental background, he made up for with intelligence, hard-work, discipline and business acumen - qualities that have continued to interplay remarkably in his many ventures.

In February 2007, Chukwuma embarked on what some analysts perceived then as a mission impossible, when it incorporated INNOSON Vehicle Manufacturing Company Limited (IVM), to produce sundry commercial automobiles, utility vehicles and passenger cars, in collaboration with a consortium of Chinese auto manufacturers.

With the public display of some of the vehicles at the 2nd Nnewi International Auto Trade Fair held at the Beverly Hills Hotels (Gabros Sports Complex) in the last quarter of 2009, IVM did not only silence the critics, but made a bold statement about its readiness to achieve the avowed mission of being the first (indigenous) auto maker to produce truly Nigerian vehicles that are affordable and reliable.

IVM is today a success story which has attracted effusive commendations and awards from various quarters, including the nation's seat of power. While opening the plant on October 15, 2010, President Goodluck Jonathan not only hailed Chukwuma for the courage of venturing into an industry many ran away from, but also assured him of government's patronage from the government.

Business Strategy

Agwuna Samuel Sopuluchukwu:

My advice is that if you want to learn about business strategy, read about the military. Read about wars, for that's relative to life and business. 

My dear, life is a non violent warfare, with challenges we should win. Out of 6 billion people alive all sharing history in the same time and space, we are all in a constant battle, we are all competiting for relevance. To win this war, profitably, understand strategy!

Master the Arts of War by Sun Tzu, The Mafia Manager by V, The Prince by Makavelli, the 48 Laws of Power by Robert Greene. Read about Von Clausewitz, The Zulu warriors, Cleopatra, the fall of the Benin Kingdom, Cortez, Julius Caesar, Moses, Napoleon Bonaparte.

I remember back then, in one of our advanced classes on strategy and strategic management, I was lucky to have been taught by a Nigerian military general. And he'd say, "business is like war. And in war, when the enemy advances, retreat. When the enemy camps, harass. When the enemy tires, attack. When the enemy retreats pursue".

Business is like war, the enemy is the competitor and the battlefield is the market. And to win over the war of your relationship, life and even business, you need to be proactive and take the risk.

Business Strategy

Agwuna Samuel Sopuluchukwu:

My advice is that if you want to learn about business strategy, read about the military. Read about wars, for that's relative to life and business. 

My dear, life is a non violent warfare, with challenges we should win. Out of 6 billion people alive all sharing history in the same time and space, we are all in a constant battle, we are all competiting for relevance. To win this war, profitably, understand strategy!

Master the Arts of War by Sun Tzu, The Mafia Manager by V, The Prince by Makavelli, the 48 Laws of Power by Robert Greene. Read about Von Clausewitz, The Zulu warriors, Cleopatra, the fall of the Benin Kingdom, Cortez, Julius Caesar, Moses, Napoleon Bonaparte.

I remember back then, in one of our advanced classes on strategy and strategic management, I was lucky to have been taught by a Nigerian military general. And he'd say, "business is like war. And in war, when the enemy advances, retreat. When the enemy camps, harass. When the enemy tires, attack. When the enemy retreats pursue".

Business is like war, the enemy is the competitor and the battlefield is the market. And to win over the war of your relationship, life and even business, you need to be proactive and take the risk.

Top 10 Richest Women in Africa

10. Elisabeth Bradley, Net Worth $32 Million

Elisabeth 1961, Albert Wessels, Eslisabeth’s father, made history by being the first person to bring the Toyota brand to South Africa. Her massive wealth comes from assets and investments. She was the chairperson of Wesco Investments and is currently the vice-chairperson of Toyota South Africa.



9. Sharon Wapnick, Net Worth $43.1 Million


Following her father’s footsteps, the founder of Premium Properties and Octodec Investments, Sharon Wapnick has managed to accumulate immense wealth. She’s the largest shareholder in the two companies that her father founded and TWB Attorneys’ partner as well. The South African Millionaire has numerous investments in real estate.

8. Bridget Radebe, Net Worth $100 Million



Bridget Radebe founded the company Mmakau Mining which has been very successful with its operations that include coal, chrome, gold, uranium and platinum. Her husband, Jeff Radebe, is the Justice Minister in South Africa. She started as a mine worker.

7. Irene Charnley, Net Worth $150 Million



This South African woman has worked for numerous companies as an Executive Director including MTN and FirstRand Bank. She played a vital role in MTN’s success and expansion in the African region. She is currently the CEO of Smile Telcoms, Mauritius.

6. Wendy Ackerman, Net Worth $190.2 Million


Wendy Ackerman is a director at Pick N Pay, which is one of the largest grocery chain stores in Africa. The South African company has other outlets in Australia, Mozambique, Namibia, Nigeria and Zambia. The Ackerman Family is quite powerful in South Africa.

5. Wendy Appelbaum, Net Worth $259.3 Million

After the death of her billionaire father, Wendy Appelbaum inherited a fortune by becoming a director at Liberty Investors. She was able to increase her net worth by selling her shares and then diversifying investments. One of her investments is the renowned South African wine brand DeMorgenzon.

4. Ngina Kenyatta, Net Worth $500 Million

Jommo Kenyatta’s family is among the richest in Africa. Ngina Kenyatta has managed to safeguard and multiply her late husband’s investments. The Kenyatta Empire includes: Real estate, hospitality, education, manufacturing, farming and banking. She also holds majority shares in several companies like Commercial Bank of Africa, Heritage and Brookside Dairies.

3. Hajia Bola Shagaya, Net Worth $600 Million

This Nigerian businesswoman has diversified her investments across industries like real estate, banking, photography, communications and the oil sector. Her portfolio consists of several other countries apart from her birth place. She’s very powerful and has close ties with Nigeria’s political figures and military.

2. Folorunso Alakija, Net Worth $600 Million

Folorunso owns FAMFA Oil Company located in Nigeria. She is also a fashion designer and her company, Supreme Stitches, which was launched in 1985, made her a fashion icon in Nigeria. She studied in the UK. In the late 70s, she became a secretary of the International Merchant Bank of Nigeria.

1. Isabel Dos Santos, Net Worth $1 Billion

This remarkable Angolan woman has invested heavily in diamonds and oil. She is actually president Jose Eduardo dos Santos’ daughter and is among the directors of a number of high profile companies. Her investments are diversified and spread-out in Portugal and Angola. The source of her immense wealth is still unclear. She made history by becoming the first woman billionaire in Africa.


Culled from:
http://www.therichest.com