(AFRICAN EXAMINER) – No fewer than 20 African youth-led enterprises have won grant funding of up to $100,000 each in this year’s African Youth Adaptation Solutions Challenge (YouthADAPT) competition. The cash prizes amounting to $2 million was awarded to the winners at the ongoing 27th United Nations Climate Conference (COP27) in Egypt. In addition to […]
(AFRICAN EXAMINER) – European Investment Bank (EIB) has announced its investment $10 million in the new digital connectivity project that is being implemented by Bandwidth and Cloud Services (BCS) Group, in the remote eastern region of the Congo Democratic Republic (DRC). The $10 million support which is coming under the EIB Global first quasi-equity investment […]
(AFRICAN EXAMINER) – Held every four years, football’s FIFA World Cup is one of the most thrilling events in sports, and Hot Spot Travel & Tourscan help you experience all the excitement in person. Hot Spot has created packages that cover the 3rd place and finalgames which takes place from December 15 to December 19 […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has partnered with the University of Oxford to provide training on sustainable finance for up to 1,000 public and third sector workers from across Africa. The University of Oxford’s Public and Third Sector Academy for Sustainable Finance (P3SA) is a global center of learning and capacity building. It […]
(AFRICAN EXAMINER) – The Bank Customers Association of Nigeria, BCAN, has appealed to the Central Bank of Nigeria, CBN, to extend the deadline for returning of the old notes, as the nation gear up for the introduction of new Naira notes and phase out of old ones. Speaking Monday on the readiness of banks customers […]
(AFRICAN EXAMINER) – Africa Investment Forum (AIF), Africa’ premier investment platform has mobilized over $100 billion worth of investments in Africa since its inception in 2018. The AIF is Africa’s investment market place, championed by the African Development Bank (AfDB) and its partners, to accelerate the closure of the continent’s investment gaps. It operates as […]
(AFRICAN EXAMINER) – Zimbabwean President Dr. Emerson Mnangagwa has urged investors take advantage of the massive opportunities in his country and shun negative perception of risk. The President said investors should be rest assured that there are a lot of opportunities that can be explored in the Southern African country. Zimbabwe, self-sufficient in food production […]
(AFRICAN EXAMINER) – First City Monument Bank (FCMB) has secured a $50 million line of credit from the African Development Bank (AfDB) to support access to finance for small and medium-sized women-empowered enterprises in Nigeria. FCMB Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria […]
(AFRICAN EXAMINER) – The European Investment Bank (EIB) Group has said that it will launch a new initiative in collaborations with its partners to finance climate action and environmental sustainability projects during the United Nations Climate Change Conference (COP27), beginning in Sharm El Sheikh, Egypt, this weekend. The EIB is the long-term lending institution of […]
(AFRICAN EXAMINER) – The Bank of England on Thursday hiked its interest rate 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent as recession hit Britain. The BoE voted to lift borrowing costs to three percent, the highest level since the 2008 global financial crisis and […]
(AFRICAN EXAMINER) – The Africa Investment Forum, an initiative of the African Development Bank (AfDB) and seven partners, has reaffirmed its conviction that creating green jobs can help shift the climate of gender equality for African women. The Forum which has a strong track record of supporting the success of women business owners and entrepreneurs, […]
(AFRICAN EXAMINER) – Twitter has announced plans to charge almost $20 monthly for verification. This is coming barely 48 hours after Elon Musk took over Twitter ownership. According to a Daily Mail report, Musk wants to launch a pay-for-play verification system in which verified users are charged $20 per month. The Tesla chief executive, in […]
(AFRICAN EXAMINER) – The Federal Government is pioneering a voluntary billion dollars’ worth Carbon Market on the continent. Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this a statement on Sunday in Abuja. He said “It is an innovative climate change solution which will create, […]
(AFRICAN EXAMINER) – Nigerians have taken a big swipe at the controversial governor of the central bank of Nigeria (CBN), Godwin Emefiele over the introduction of the new notes even at this time the Naira’s value is at free fall, and the economic hardship bites harder. Recall that the CBN has announced the redesigned 200, […]
(AFRICAN EXAMINER) – The European Investment Bank (EIB) has agreed to finance MTN Nigeria Communications Plc (MTN Nigeria) €100 million . To support the telecommunications company’s network expansion programme. MTN Nigeria is one of Africa’s largest providers of communications services, connecting over 74 million people in communities across the country with each other and the […]
(AFRICAN EXAMINER) – President Muhammadu Buhari on Wednesday in Seoul, expressed Nigeria’s desire to widen the scope of trade relations with the Republic of Korea beyond gas exports. Speaking during a bilateral meeting with his Korean counterpart, Mr. Yoon Suk-Yeol at the Presidential Palace on the sidelines of the First World Bio Summit, Buhari called […]
(AFRICAN EXAMINER) – The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The […]
(AFRICAN EXAMINER) – Chief Executive Officer, of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, said the coming onstream of 650,000 barrels-per-day (bpd) Dangote Petroleum Refinery will transform the Ghanaian downstream sector through the reduction in the cost of importation of petroleum products into Ghana. Speaking at the 16th Oil Trading and Logistics Expo […]
(AFRICAN EXAMINER) – Acting Chief Economist and Vice President of the African Development Bank (AfDB), Prof Kevin Urama has urged world leaders to take seriously climate finance and just energy transitions in Africa. Prof. Urama also called on industrialized countries to fulfill the pledge made at the 2009 Conference of Party (COP) meetings to provide […]
(AFRICAN EXAMINER) – The Naira on Tuesday exchanged at 441.67 to the dollar at the Investors and Exporters window, a depreciation of 0..07 per cent, compared with N441.38 to the dollar it exchanged on Monday. The open indicative rate closed at N440.58 to the dollar on Tuesday. An exchange rate of N447 to the dollar […]
