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PalmPay

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    • Managing Director, PalmPay, Chika Nwosu with Sunil Natraj, CEO, Jumia Nigeria, at the recent press conference to announce the PalmPay / Jumia partnership
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Source: PalmPay |

PalmPay and Jumia enter Strategic Partnership, Launch Integration for Shoppers in Nigeria

This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy

PalmPay (www.PalmPay.com), a leading Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria. This partnership underscores both parties’ commitment to developing the digital…

Equinix
Source: Equinix |

AMS-IX internet exchange traffic grows 200% in Equinix's Lagos Data Center

AMS-IX Lagos has focused on attracting a diverse range of global and regional peers and bringing more content to the region

Equinix, Inc. (Nasdaq: EQIX) (www.Equinix.com), the world's digital infrastructure company™, has supported a growth in traffic of around 200%, increasing around 30Gbps to almost 100Gbps in just over a year since the implementation of its strategic partnership with AMS-IX (Amsterdam Internet Exchange) in Lagos. There has also been a significant…

African Development Bank Group (AfDB)

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    • West Africa: African Development Bank's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor investment in Arm-Harith Investment Fund for Sustainable Infrastructure
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Source: African Development Bank Group (AfDB) |

West Africa: African Development Bank Group's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor Investment in Arm-Harith Investment Fund for Sustainable Infrastructure

By investing in sustainable infrastructure and energy transition projects and emphasising innovation and first-of-a-kind developments, the Fund is expected to generate significant environmental, economic, and social benefits

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region. The…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Academy of Sciences Conference charts new path for continental scientific renaissance

The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy

The African Academy of Sciences (AAS) 15th Bi-Annual General Assembly and Scientific Conference opened with powerful calls for African scientific sovereignty and renewed investment in the continent's research capabilities. The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy. The 15th…

Afreximbank
Source: Afreximbank |

Afreximbank participates in Bank of Industry Nigeria’s syndicated facility of up to EUR 2-billion

The Bank disbursed its participation amount of EUR 175 million in September 2024 in two tranches of EUR 115 million in Tranche A and EUR 60 million under Tranche B

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry (BOI) Nigeria of up to EUR 2 billion. Afreximbank, acted as one of the Initial Mandated Lead Arrangers, Bookrunner and Facility Agent. The Bank…

U.S. Embassy and Consulate in Nigeria
Source: U.S. Embassy and Consulate in Nigeria |

The United States Agency for International Development (USAID) Goodwill Ambassador Chioma Chukwuka Akpotha Announces New Nutrition-Themed Film, Beta Food, Beta Life

This nutrition-themed film will encourage families across Nigeria to embrace healthier dietary habits and support efforts to improve maternal and child nutrition, addressing one of the country’s most pressing public health challenges

At a private screening of her latest film, held at the EbonyLife Cinema in Victoria Island, Lagos, Nollywood icon and USAID Goodwill Ambassador for Nutrition, Chioma Chukwuka Akpotha, announced her next project: Beta Food, Beta Life. This nutrition-themed film will encourage families across Nigeria to embrace healthier dietary habits and support…

African Development Bank Group (AfDB)

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    • Nigeria’s Special Agro-industrial Processing Zones (SAPZ) Phase II, Boosted with a Whopping $2.2 billion Investment Interest at the Africa Investment Forum (AIF) 2024
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Source: African Development Bank Group (AfDB) |

Nigeria’s Special Agro-industrial Processing Zones (SAPZ) Phase II, Boosted with a Whopping $2.2 billion Investment Interest at the Africa Investment Forum (AIF) 2024

SAPZ Nigeria Phase II is underway to expand to an additional 24 States in Nigeria in the next 3 years and will link Nigeria's agriculture to agro-industrialization to drive economic growth

The African Development Bank Group (www.AfDB.org) facilitated $2.2 billion in capital mobilization for its transformative Special Agro-Industrial Processing Zones Nigeria Phase II project during the Africa Investment Forum. At a packed presidential boardroom on Wednesday 4th December, governors from Nigerian States, leaders from multilateral development organizations, the diplomatic corps as…

African Guarantee Fund

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    • Empowering Women Entrepreneurs and Small and Medium Enterprises (SMEs) in Nigeria: African Guarantee Fund and Bank of Industry Sign USD 50 Million Guarantee Framework Agreement (1)
    • Empowering Women Entrepreneurs and Small and Medium Enterprises (SMEs) in Nigeria: African Guarantee Fund and Bank of Industry Sign USD 50 Million Guarantee Framework Agreement (2)
    • Empowering Women Entrepreneurs and Small and Medium Enterprises (SMEs) in Nigeria: African Guarantee Fund and Bank of Industry Sign USD 50 Million Guarantee Framework Agreement (3)
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Source: African Guarantee Fund |

Empowering Women Entrepreneurs and Small and Medium Enterprises (SMEs) in Nigeria: African Guarantee Fund and Bank of Industry Sign USD 50 Million Guarantee Framework Agreement

The transaction will be phased out in three tranches over a 10-year period and will significantly scale up BOI’s lending to Small and Medium Enterprises (SMEs) in Nigeria

African Guarantee Fund (AGF) (https://AfricanGuaranteeFund.com) and Nigeria’s Bank of Industry (BOI) have signed a USD 50 Million Loan Portfolio Guarantee framework in a bid to propel Nigeria’s industrial sector by providing financial and business support services to enterprises. The agreement that was signed at the Africa Investment Forum in Rabat…

African Development Bank Group (AfDB)

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    • AfDB Vice President, Dr. Beth Dunford (c), with Dr. Olasupo Olusi, Bank of Industry’s Managing Director/CEO (l), and African Guarantee Fund Group Chief Executive Officer, Jules Ngankam (r) at the signing ceremony
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative teams with African Guarantee Fund, Bank of Industry for $50 million financing agreement targeting Nigerian small and medium enterprises

The new deal will support women-led businesses via the AFAWA Guarantee for Growth program, which makes financing available for women entrepreneurs through de-risking and technical assistance measures

The African Development Bank Group’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) program is lending its support to a new $50 million financing agreement to provide financial and business support to Nigeria’s women-led enterprises. The African Guarantee Fund and Bank of Industry signed the $50 million loan portfolio…

APO Group
Source: APO Group |

APO Group Account Director, Rosemary Otalor, Selected as Judge for the 2024 Nestlé Nigeria Media Awards

The Nestlé Nigeria Media Awards, now in its fourth edition, recognise and reward excellence in journalism, highlighting the professionalism and dedication of media professionals across Nigeria

APO Group, the leading pan-African communications and PR consultancy firm, is proud to announce that its Account Director, Rosemary Otalor, has been invited for the second consecutive year to serve as a judge for the prestigious Nestlé Nigeria Media Awards. The Nestlé Nigeria Media Awards, now in its fourth edition,…