(AFRICAN EXAMINER) – President of African Development Bank (AfDB), Dr. Akinwumi Adesina has expressed the desire of the Bank to collaborate more with United Arab Emirates (UAE) and see the country become a significant investor in Africa. Dr. Adesina disclosed this in a statement announcing his arrival in Dubai today to kick-start his three-day official […]
(AFRICAN EXAMINER) – The Federal Competition and Consumer Protection Commission (FCCPC), says it has frozen no fewer than 30 bank accounts operated by illegal loan organisations. Mr Babatunde Irukera, the Executive Vice Chairman of the Commission, said this at a media engagement in Abuja on Tuesday. Irukera also said that the Commission had engaged Google […]
(AFRICAN EXAMINER) – European Investment Bank (EIB) has announced a new €10 million long-term financing initiative aimed at supporting entrepreneurs and businesses across Botswana with a leading local partner, Norsad Capital. The initiative represents the first targeted EIB support for private-sector financing to help Botswana companies impacted by COVID-19 and is part of the EIB’s […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) and the Commission of the Economic Community of West African States (ECOWAS) have signed a Memorandum of Understanding (MoU) for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. The agreement was signed by the representatives of AfDB and ECOWAS in […]
(AFRICAN EXAMINER) – Youth and women are underrepresented in business coverage in Africa, according to newly launched The Business in Africa Narrative Report by Africa No Filter and AKAS in partnership with the African Union (AU). The report is the latest research project by narrative-change organisation Africa No Filter and forms part of their work […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Ltd. (NNPC) says there is over 1.6 billion litres of Premium Motor Spirit (PMS) available for nationwide distribution. Malam Mele Kyari, NNPC Group Managing Director, made this known at the official unveiling of the Association of Distributors and Transporters of Petroleum Products (ADITOP) on Thursday in Abuja. […]
(AFRICAN EXAMINER) – Two frontline tech companies have entered into a new partnership with the aim of providing fleet technology solutions in South African markets at reasonable prices. The collaboration between integrated tech-services provider, TR Tech and disruptive full-stack fleet-tech startup, LocoNav will provide state-of-the-art GPS, IoT, and Vehicle Telematics solutions in South African. TR […]
(AFRICAN EXAMINER) – The Africa Investment Forum, a multi-stakeholder investment platform has attracted $32.8 billion in investment interest in bankable projects across the continent. The Forum is an initiative of the African Development Bank Group and seven other partners, which include Africa 50; the Africa Finance Corporation; the African Export-Import Bank; the Development Bank of […]
(AFRICAN EXAMINER) – Spark+ Africa Fund, a frontline impact investment institution has announced that it has accomplished its first financial close with $40 million to invest in clean and modern cooking solutions in Africa. Spark+ Africa Fund is the world’s first impact investment fund focused on financing the value chains of clean and modern cooking […]
(AFRICAN EXAMINER) – The national grid has experienced another collapse in 2022 which led to blackout across the country. The states affected are Lagos, Enugu, Kaduna, Abia, Anambra, Ebonyi, Enugu, and Imo States, among others. Confirming this in a text message to its customers, The Eko Electricity Distribution Company, stated that the system collapse happened […]
The African Development Bank (AfDB) and Nordic Development Fund (NDF) have made a combined-equity investments amounting to over $30 million in the AfricaGoGreen Fund. AfricaGoGreen Fund is a debt fund established to promote private investments in energy-efficient technologies and business models, with the objective of decarbonising African economies and accelerating the energy transition. Launched in […]
(AFRICAN EXAMINER) – President of African Development Bank (AfDB), Dr. Akinwumi Adesina has explained how the Bank has been investing in youth training and employment, as well as infrastructure for Africa’s socio-economic development through its ‘High 5’ Strategic Priorities. AfDB president made the observation at the inauguration ceremony of the new state of the art […]
(AFRICAN EXAMINER) – African Examiner – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian Stock Exchange (NSE) on March 4, 2022, showed that […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Ltd. has expressed satisfaction with the level of compliance by petroleum products depots with the directive to extend hours of operation, to end the lingering petrol scarcity. Mr Isiyaku Abdullahi, Managing Director, Pipelines Products Marketing Company Ltd.(PPMC), made this known during a monitoring visit to some […]
(AFRICAN EXAMINER) – The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the Federal Government and regulatory authorities are making efforts to address fuel scarcity by ensuring that supply disruption is overcome. The minister made this known to newsmen on Thursday in Abuja after a meeting with some key leaders in the petroleum industry. […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has signed a grant agreement for an amount of $400,000 with the Dépositaire Central/Banque de Règlement of the West African Monetary Union (WAMU) to modernize the regional financial market infrastructure. The grant, according to a statement by the Communication and External Relations Department of AfDB, will fund the […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) and Africa50, in partnership with the African Union Commission and the African Union Development Agency (AUDA-NEPAD), are currently exploring collaboration with global partners to create an Alliance for Green Infrastructure in Africa. The initiative which is being promoted with global partners is aimed at catalyzing bankable, greener […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Limited started its week with an assurance to Nigerians that the distribution of Premium Motor Spirit (PMS) would soon normalise after it recalled the bad product imported into the country last week. The NNPC Group Executive Director (GED) Downstream, Adetunji Adeyemi, gave the assurance at a […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved the sum of $164 million under the Leveraging Energy Access Finance Framework (LEAF), to promote decentralized renewable energy in six African countries. The $800 million programme will help spur commercial and local currency investments to scale up the activities of decentralized renewable energy companies in Ghana, […]
(AFRICAN EXAMINER) – Nigeria’s Minister of Mines and Steel Development, Olamilekan Adegbite has commended the Solid Mineral Development Fund (SMDF) for its commitment towards the implementation of its mandate. SMDF’s cardinal mandate is to act as a catalyst to spur development of Nigeria’s mining sector by undertaking targeted sustainable, profit-oriented investments and interventions in key […]
