Three out of the 81 companies that contested at the Nigerian Communication Commission’s inspired technology innovation talent hunt competition have each been rewarded with the N10 million prize money. Nine other shortlisted companies went home with N500,000 consolation prizes each. Solaris GreenTech Hub, Knownow Africa Limited and Specxs Care Limited came tops at the 2023 NCC’s…
The African Development Bank (www.AfDB.org) has signed a Memorandum of Understanding (MoU), joining global partners to mobilise resources for the Lobito Corridor and the Zambia-Lobito rail line in southern and central Africa. Other signatories included the United States government, the European Commission, the Africa Finance Corporation (AFC), and the host governments of Zambia, Angola and…
Winners emerged today in the last part of the 2023 Nigerian Communications Commission (NCC) Talent Hunt Research Through Hackathon. Out of the 81 entries that came in, 12 were shortlisted to participate in the tech innovation contest, out of which 3 emerged as winners from three thematic foci. In the Blockchain Solution category, Know-Now Limited…
The African Development Bank (AfDB) (www.AfDB.org), Inter-American Development Bank (IDB), the Rockefeller Foundation, and the Center for Global Development came together to co-host a high-level meeting on October 13th to discuss the rechanneling of Special Drawing Rights (SDRs) from contributing countries through Multilateral Development Banks (MDBs). The objective is to boost their development and climate…
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), together with the Islamic Development Bank Group (IsDB), represented by IsDB Institute (IsDBI) (https://IsDBInstitute.org/), is set to host the 18th edition of its annual Islamic banking and finance conference under the auspices of the Central Bank of Bahrain. The two-day conference will be held in…
The Board of Directors of the African Development Bank Group (https://www.AfDB.org/en) has approved South Africa’s Country Strategy Paper (CSP) 2023-2028. The Bank’s interventions over the next five years will focus on two priority areas: improving governance and developing the private sector in southern Africa’s largest and most populated country. The CSP 2023-2028 aims to support…
The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. The funds, approved on 19 October 2023, will come from the Global Agriculture & Food Security Program to support mainly food system service providers in rural areas. The programme aims…
Vivajets, has rolled out a set of innovative product offerings at a recent international conference held by the company in Lagos. The organization also released a guide on fractional aircraft ownership, a specialized service that enables customers to become part owners of an aircraft. As Africa evolves through an increase in population, innovation and enterprise,…
The transitional government in Guinea, in partnership with the African Development Bank Group (www.AfDB.org), has received a large consignment of agricultural supplies in Guinea’s western town of Forécariah for distribution to local farmers. The consignment, delivered on 13 October 2023, forms part of implementing the Emergency Food Production Project, spearheaded by the African Development Bank….
The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have signed an agreement for US$600 million loan to fund loans and trade finance transactions. The purpose of the loan is to facilitate and finance the trade and economic cooperation between the member states of Afreximbank and the People’s Republic of China (PRC)….
