Learn Africa Plc has announced plans to launch its online presence aimed at giving students easy access to the academic ecosystem with a collaborative platform and study group to boost subject mastery, understanding, and education.
Hassan Bala, managing director at Learn Africa revealed this at the occasion of the 50th annual general meeting of the company held recently when he explained that the firm is building an online presence for all students to access the company’s academic contents.
“We launched an e-book platform to grant free access to some key stakeholders such as schools.
For example, we provided an option, with N500 per month, you can have access to all our books to read; and we also have an offline product for students to subscribe to.
With N3,500, a student can instead of buying the books at a high cost due to prevailing economic realities, just subscribe and have our books at very reduced cost per class, besides, we have other products such as offline books and e-store meant to boost students’ access to books and learning,” he said.
Furthermore, he explained that the company have as CSR policy a donation of library books to schools and other organisations to boost people’s reading culture.
“We donated books worth over N200 million through our foundation to over 15 states free of charge for library support,” he noted.
Buttressing the points on the ‘Learn Africa Online product, Chuks Ugwu, a tech expert with Protech-Advance Solutions, a software company in Nigeria, speaking on the new development, said; “We are building online presence for Learn Africa which provides a platform for all students and people looking to access their contents to be able to get their books digitally.
It also provides access to Artificial Intelligence (AI) base learning tools, using large language learning models, and collaborative tools which allows students to put themselves in groups, study together and also allow them to compete, among others on App.
Emeke Iwerebon, chairman of board of directors at Learn Africa had earlier announced to the shareholders a profit of N192.86 million.
“In keeping with our corporate culture of delivering consistent value to our esteemed shareholders, the board of directors has proposed for the consideration and approval of shareholders at the meeting a dividend of 25 Kobo per ordinary share of 50 Kobo, a 25 percent increase over the previous year. This translates to N192.86 million which is subject to the appropriate statutory deductions,” he said.
Iwerebon explained that in 2022, the company faced formidable challenges amid a testing global economy. The book publishing industry in Africa, with a specific focus on Nigeria encountered a complex array of economic and global factors that significantly impacted its operations.
“A key driver of these challenges was the fluctuation in oil prices, which created economic uncertainties and led to increased transportation and production costs for our company,” Iwerebon said.