Business
TIZETI, a Ycombinator-backed solar-powered internet service provider operating in West Africa says it has appointed Oluwadamilola Ojomo as Vice-President for Financial Risk, Compliance and Audit.
Tizeti’s Founder, Kendall Ananyi, made this known in a statement on Wednesday.
According to him, Ojomo’s appointment comes ahead of the company’s planned listing on the Nigerian Exchange (NGX).
Ananyi said the company recently announced plans to launch an Initial Public Offering (IPO), which would mark a milestone as they aimed at becoming the first Nigerian startup to explore a local stock exchange listing.
He explained that the listing would allow Tizeti to raise capital from a broader pool of investors, which would be used to expand its operations and improve its services.
“The NGX listing is a strategic move to access capital from the local market and further accelerate our growth plans.
“Tizeti’s decision to list on the NGX aligns with its operational focus in Nigeria, its largest market,” Ananyi said.
He noted that the move highlighted the company’s commitment to fostering local ownership while raising capital in Nigerian Naira (NGN), allowing local investors to participate in its growth.
“The IPO plan comes at a pivotal moment, following Tizeti’s launch of next-generation fiber broadband services in Nigeria and Ghana.
“The company has expanded its services across West Africa, providing affordable and reliable internet services to individuals, businesses and organisations,” he said.
Speaking on Ojomo’s appointment, Ananyi said she had over 15 years experience spanning banking, consulting, regulatory oversight and commodity exchange.
“Ojomo worked at Oceanic Bank Plc., PwC, Securities and Exchange Commission and AFEX Plc., where she gained expertise in financial risk management, compliance and audit.
“As a member of the Association of Chartered Certified Accountants (ACCA), she has a proven track record in mitigating financial risks, ensuring compliance and establishing robust governance frameworks,” Ananyi said.
He said that Ojomo’s appointment would strengthen Tizeti’s financial management and compliance capabilities.
He added that Ojomo’s expertise would be invaluable in ensuring that the company maintained the highest standards of financial governance and compliance as they scaled their operations.
Ananyi said that at Tizeti, Ojomo would oversee financial risk management, compliance, and audit functions, ensuring the company builds resilient financial structures as it entered a new growth phase.
“With Ojomo’s appointment, Tizeti is well-positioned to navigate the complexities of the NGX listing and ensure compliance with regulatory requirement,” Ananyi said.
Commenting on her appointment, Ojomo said: “I am excited to join Tizeti at this critical phase of its growth journey.
“I look forward to working with the team to ensure we maintain the highest standards of financial management and compliance.” (NAN)
A.I
Jan. 30, 2025
Tags: Tizeti
