Gtext Grant $100,000 to 20 Entrepreneurs, Plans to Extend Aid to 100 African Startups
Stephen Akintayo Foundation Awards $100,000 Grant to 20 Entrepreneurs
In a remarkable philanthropic move, Stephen Akintayo, through his foundation, the Stephen Akintayo Foundation, has generously granted $5,000 to each of the 20 selected young entrepreneurs. This act of benevolence is part of a broader initiative, with plans to extend similar support to 100 African startups in the coming year. The focus is clear: uplifting and empowering emerging businesses.
Leadership Transition at Gtext Holdings: Rana Ijaz Ahmad Assumes Role of GCEO
Concurrently, Rana Ijaz Ahmad takes the reins as the Group Chief Executive Officer (GCEO) at Gtext Holdings, marking a significant development in the company’s strategy to broaden its scope and access venture capital globally, with a particular focus on the United States.
Strategic Goals and Aspirations:
- Dr. Stephen Akintayo’s Vision: Dr. Stephen Akintayo, the founder and former GCEO, remains actively involved, steering the company toward ambitious goals. This includes the construction of a thousand homes in both the United States and Nigeria, showcasing a commitment to impactful real estate development.
- Transition to Chairman Role: Dr. Akintayo transitions to the role of Chairman, signaling a strategic shift while maintaining focus on the overarching goals of Gtext Holdings.
Gtext Homes – Pioneering Eco-Friendly and Intelligent Homes:
- Significant Entity: Gtext Homes, a key entity under Gtext Holdings, stands as Africa’s largest developer of eco-friendly and intelligent homes.
Leadership Insights at ‘Mentees Meet Investors’ Gathering:
- A recent gathering in Lagos, themed ‘Mentees Meet Investors,’ brought together Gtext Holdings investors and leaders from various subsidiaries. Discussions centered on future strategies and the envisioned trajectory for the firm.
Rana Ijaz Ahmad – Experienced GCEO with a Global Perspective:
- Diverse Professional Background: Rana Ijaz Ahmad, the newly appointed GCEO, brings over 25 years of diverse professional experience across industries such as corporate and investment banking, fund management, hospitality, real estate, and oil and gas, spanning the Middle East and Europe.
Strategic Shifts for Financial Growth:
- Dr. Akintayo’s Rationale: Dr. Akintayo’s decision to step down as GCEO is rooted in the strategic imperative to attract institutional funding. This move is crucial to meet the demands and expansion plans, particularly for Gtext Homes and other subsidiaries within Gtext Holdings.
Entrepreneurial Journey: From Bulk SMS to Real Estate Focus:
- Diversification: Dr. Akintayo’s entrepreneurial journey, initially rooted in the bulk SMS business, has evolved to cater to the diverse needs of the real estate sector. The focus is on enhancing customer service through strategic access to financial resources.
This dynamic transition and visionary leadership at Gtext Holdings underscore a commitment to impactful entrepreneurship, financial growth, and sustainable real estate development. The philanthropic efforts of the Stephen Akintayo Foundation further amplify the commitment to nurturing and empowering emerging entrepreneurs. Stay tuned for more updates as these endeavors unfold.
