Leadway Assurance and PwC organise tax compliance seminar in Lagos

27 September 2018 Consultancy.africa

Lagos-based insurance services firm Leadway Assurance held a seminar to facilitate an increase in dialogue between tax authorities and members of the business environment, with the specific objective of improving compliance levels across Nigeria. The event was organised in collaboration with PwC. 

Founded in 1970, Leadway Assurance is among the most established names in the Nigerian insurance community. The firm offers services in a number of domains, with a specific focus on life assurance, general insurance and financial services. It comes as no surprise, therefore, that the firm is invested in the latest tax policy reforms being introduced in Nigeria.

The insurance sector is amongst those set to be most substantially affected by the reforms, which mean a number of firms active in the sector will be looking to revise their tax policy to comply with the new regulatory framework. In collaboration with Big Four accounting and advisory firm PwC, Leadway Assurance has now held an event to help inform insurance firms.

Leadway Assurance and PwC organise tax compliance seminar in Lagos

The seminar was also open to the general public, aimed at facilitating dialogue around the new reforms and the requirements going forth. The event was themed “Taxation Matters in Insurance Value,” and featured a list of accomplished panelists, including two Partners from PwC

Nigeria is the largest economy in Africa, and is looking to ensure that gaps in the tax policy do not hinder growth. The government will be hoping to avoid a situation like that in Ghana, where tax collection levels have fallen short of their expected value by as much as $370 million.

The Ghana Revenue Authority had to enlist the services of management consultancy McKinsey & Company to solve its tax collection problem – a situation that the Nigerian Federal Inland Revenue Service is looking to avoid with the new policy. The country’s ratio of tax to GDP currently stands at 6%.

Commenting on the situation, Commercial Director at Leadway Assurance Gboyega Lesi said, “the central point of Leadway’s philosophy is commitment to the provision of integrated insurance and financial services to the Nigerian public and this seminar on Taxation Matters in the Insurance Value Chain is a mark of its commitment to leveraging on its unique capabilities, skills and network to present Insurance as a risk management tool to its clients.”

L'AINE Services celebrates 25th anniversary with renewed gusto

17 April 2019 Consultancy.africa

Ghanaian human resources consultancy L’AINE Services has marked its 25th anniversary in operation with a reaiteration of its commitment to developing a skilled and motivated workforce for every client that it works with, consistent with priorities across the business environment in Ghana. 

Ghana is on its way to becoming a prominent financial centre for West Africa, The government and private sector are working in collaboration to ensure that the region’s economic potential is realised, and a large part of the focus thus far has been on the development of talent in the country’s workforce.

As a result, training programmes have increased in quantity and intensity, while consultancies that work on innovative human resource policies have come to prominence. The rationale is that fostering talent, boosting productivity and developing digital skills will drive Ghana’s economy forward.

L'AINE Services celebrates 25th anniversary with renewed gusto

Once such consultancy is L’AINE Services, based in Tema. The firm was established in 1994, and has recently celebrated its 25th year in existence. Over the years, the firm’s suite of services has gradually expanded to include support with recruitment, payrolling, training and publishing.

The firm also helps with hiring and talent development, which has made it particularly relevant in the contemporary scenario. During the firm’s 25th anniversary celebrations, executives at the firm reasserted its mission to support the business environment in Ghana in its growth endeavours.

This involves ensuring excellence in its service of each and every client. The firm has a three-pronged strategy to facilitate growth in the HR domain, including a focus on people, innovation and technology. Founder and Director of the firm Ellen Hagan indicated that the firm seeks to “transform every life and business we come across.”

Delving into the ethos behind its services, Board Chairman at the firm Prosper Asamoah indicated that the firm lays emphasis on developing a secure environment within which employees feel safe enough to thrive and innovate. Empowering employees is the key for organisational development, according to Asamoah.