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Ada Osakwe Food Investor and Founder of Nuli Juice – Becomes First African to Deliver Commencement Address at Prestigious Kellogg School of Management.

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Ada Osakwe, is an award-winning food entrepreneur, investor and passionate African development advocate. She is the Founder of Agrolay Ventures, an investment firm focusing on early-stage innovative food companies in Africa. Since 2015, the firm has built a portfolio of 10 high-growth investments in food and technology, including The Nuli Juice Company (‘Nuli’), Nigeria’s fastest-growing farm-to-table beverage producer and fast-casual restaurant chain that utilizes locally-grown vegetables and fruits.

Ada has an MBA from the Kellogg School of Management, Northwestern University, MSc in Economics and Finance from University of Warwick, U.K. and BSc in Economics (First Class Honours) from the University of Hull, U.K.

On Friday, 19th June – Ms. Osakwe  delivered the convocation address to the Kellogg School of Management Class of 2020. She is the first African to be given this honour and fourth black woman; following in the footsteps of outstanding Black-Americans Edith Cooper, – Global Head of Human Capital a t Goldman Sachs in 2017, Roslyn Brock, Chairman Emeritus of the NAACP in 2012 and media titan Oprah Winfrey, in 2011.

“I was incredibly honoured that not even up to a decade after graduating from Kellogg where I earned my MBA, I was invited to address the class of 2020.”, said Ada.

“As a young woman who has worked hard to promote Africa in all I do, this meant alot to me. I was sad when due to COVID-19, I was unable to join them in person. But by God’s grace, we will do so next year”.

With a critical phase of their lives upended by the ongoing global health pandemic, the class of 2020 completed the last few months of their MBA degree Program virtually, instead of on campus in the classroom, and they will receive their diplomas in the mail or on their
phones. Recognizing the need to offer extra inspiration at this extraordinary moment in history, in her commencement speech, Osakwe praised them for their bravery, resilience and courage!She let them know that life’s situations are not always as perfect as we hope,  sharing details of her career path, transitioning from her private-equity job in  New York, right after business school, to starting her own business as an investor and entrepreneur in Nigeria.
According to her,
“After my time in New York, I went into public service, joining the Nigerian Minister of Agriculture as his Senior Investment Advisor. This high-level role gave me unparalleled exposure at the highest levels. After four years, I gave up all the power and influence that came with my position, deciding to become an entrepreneur instead. Friends disappeared overnight, and my phone wasn’t ringing anymore. It was a difficult time as I felt I had to prove my professional capabilities to people all over again and rebuild my entire  private-sector career from scratch. Thinking back, it was just what was needed to motivate me to make sure my start-up,  Nuli,  became the fastest-growing beverage brand and fast-casual restaurant chain in Nigeria.”
For Ada, it’s important to believe in yourself to make it through challenging times:
“So in your quest to thrive, there will be curve-balls thrown your way and you’ll have to take risks, it’s a given. But you’ve just got to trust your journey,”

she advised the graduating students.

Furthermore, she  impressed on the importance of  finding their voices saying

“globally, we are at a tipping point, as we see various forms of injustice being revealed. And so now, more than ever, the world needs brave leaders like you, and me, and all other Kellogg grads around the world, to provide solutions to the existential problems being faced by humanity. And so it’s so important to find your voice and help others find theirs too, during these extraordinary times.”
This message was important to Osakwe as she has recently been very outspoken about the Nigerian Government’s poor response to support Small Business owners in Nigeria through the difficult COVID-19 pandemic.
“Small businesses, like mine, a group that makes up over 80 percent of the labour force of my country, have been left alone to navigate these shaky waters”, Osakwe said.

She is Chair of the Small Business Networking Nigeria (SBNN), a new organization founded by small business owners to represent their collective voices and interests on issues around policy and business environment.

She had a special message for the women among the group;

“So for the amazing women among you, let your brilliance and awesomeness shine through as you keep amplifying your voices. As a young woman, throughout my life, I have suffered all forms of biases and discriminatory practices in the workplace and society. But this has never stopped me from forging my own path to greatness. And so go ahead and crash through that ceiling, tear down those walls, and create your nice, comfortable seat on multiple tables.”
As a Black-African, in her speech, Osakwe said she will always speak out against racial injustice and urged the non-blacks to also find their voices on this issue as allies to ensure there is more equality, tolerance and acceptance for all.

In  closing  she thanked the entire team at Kellogs School of Management, family, friends and mentors,  who have all played strong roles in helping the graduates reach this point leaving them with the message

“I truly believe crises have the ability to bring out the best in humanity. Class of 2020, you have a front-row seat in this journey to shape the world we want to see. A better world”

Watch the commencement address below;

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ENTERTAINMENT

Falz Speaks About His Worst Date Experience

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Falz Speaks About His Worst Date Experience | fab.ng
Nigerian rapper Falz recently shared a humorous yet awkward story from one of his early dating experiences. During an interview on the Cocktails and Takeaways podcast with British media personality Madame Joyce, Falz recounted a surprising request from his date.

She asked him to order takeout for her family members back home. He explained the situation with his signature humour, highlighting how unexpected and awkward the moment was.

He explained,

“I haven’t had too many date experiences but the worst probably was this girl asking to buy stuff for her family at home, so I wasn’t sure how to feel. This was in Nigeria and I didn’t know whether to feel bad or not. She wanted me to buy takeaway for them, like to buy for each person… So different portions for the members of the family, takeaway for them. I didn’t even know whether to feel bad, because it was like, I came here on a date with you, not the whole family.”

Falz acknowledged that the request felt unusual but considered the possibility that her family genuinely needed the food. “I then sat and thought, What if they’re hungry? We were at a proper restaurant.”

“I feel like there are things that, when it comes to dates, there are things that the person would say directly or indirectly that would make you know whether you want to continue talking to them or not,” he added.

The rapper dismissed the idea that men immediately know if a woman is marriage material on the first date. He elaborated, suggesting that relationships often require time and experience to fully understand a partner’s potential.

He said, “To this day, there is nobody I can say that this is someone I want to marry. I haven’t gotten to that stage yet so I think it’d take a while.”

Check out more updates here.

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Denzel Washington Opens Up About 15-Year Battle With Alcohol

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Denzel Washington On 15-Year Battle with Alcohol | fab.ng

Hollywood icon Denzel Washington recently disclosed his past struggles with alcohol during an interview with Esquire.

The two-time Academy Award winner candidly shared a fifteen-year pattern of wine consumption. What began as a casual habit gradually escalated into a regular occurrence.

He began, “Wine is very tricky. It’s very slow. It ain’t like, boom, all of a sudden,” he elaborated, recalling how a wine cellar he constructed in 1999 within his home became a place for self-indulgence.

The actor added,

“And part of it was we built this big house in 1999 with a ten-thousand-bottle wine cellar, and I learned to drink the best. So I’m gonna drink my ’61s and my ’82s and whatever we had. Wine was my thing, and now I was popping $4,000 bottles just because that’s what was left. And then later in those years I’d call Gil Turner’s Fine Wines & Spirits on Sunset Boulevard and say, Send me two bottles, the best of this or that.”

Washington also delved into his past, acknowledging his youthful experimentation with drugs. However, he emphasized that he never developed an addiction to substances such as heroin or cocaine.

He continued,

“I’m sure at first it was easy because I was younger. Two months off and let’s go. But drinking was a fifteen-year pattern. And truth be told, it didn’t start in ’99. It started earlier.”

A decade ago, as Washington neared his 60th birthday, a turning point arrived. He made the resolute decision to abstain from alcohol completely.

“I’ve done a lot of damage to the body. We’ll see. I’ve been clean. Be ten years this December. I stopped at sixty and I haven’t had a thimble’s worth since. Things are opening up for me now—like being seventy. It’s real. And it’s okay. This is the last chapter—if I get another thirty, what do I want to do? My mother made it to ninety-seven,” said Washington.

Check out more updates here.

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ENTERTAINMENT

It Hurts – Don Jazzy On Not Having A Partner

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Don Jazzy opens up on not having a partner | fab.ng

Renowned music executive and record label boss, Michael Collins Ajereh, better known as Don Jazzy, recently expressed disappointment over his current relationship status.

On Monday, he took to Instagram to share his desire to participate in the popular “suspect challenge.” This social media trend involves couples playfully teasing each other. However, the 41-year-old entrepreneur lamented that he couldn’t join in the fun due to his single status.

“Suspect wants to do suspect challenge but no suspect partner,” he wrote. In the accompanying caption, the music executive lamented that “it hurts.”

This isn’t the first time Don Jazzy has publicly discussed his relationship status. In 2021, he revealed that he married Michelle Jackson, a UK-based writer and model, at the age of 20. Unfortunately, their marriage ended in divorce after two years.

“I fucked it up cos I was giving all my time to my music. Music became a priority instead of my family. We got divorced when I was 22 and it hurt,” he said.

Earlier this year, Don Jazzy explained that he has not remarried as he is currently focused on personal growth and self-development.

“I dey work on myself so that when my head correct, my babe go enjoy me,” he wrote in pidgin English.

A few months ago, Don Jazzy made headlines when a foreign investor acquired his record label, Mavin Records.

In 2004, Don Jazzy and his former partner, D’banj, co-founded Mo’ Hits Records. Following its closure, Don Jazzy established Mavin Records in 2012.

Mavin Records has produced and nurtured a roster of talented artists. They include Tiwa Savage, Reekado Banks, Korede Bello, Dr SID, D’Prince, DNA Twins, Ayra Starr, Johnny Drille, Crayon, Boy Spice, Bayanni, Rema, Lifesize Teddy, and Ladipoe.

To commemorate his 37th birthday in 2019, Don Jazzy unveiled the Mavin Creative Studios. The studio is a multimillion-naira mansion serving as the label’s corporate headquarters.

Mavin Records has received numerous accolades, including two consecutive MTV Africa Music Awards for Best Record Label in 2013 and 2014.

The label’s artists have also collaborated with international music stars such as Beyoncé, Selena Gomez, Kelly Rowland, and Chris Brown.

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