Guber seeker advocates innovative approaches to boost Anambra IGR Chibok girls always on our minds, says the presidency NSCDC foils jailbreak attempt at correctional facility in Ubiaja, Edo Edo 2020: a sports festival to never forget – MOC Lawan is committed to supporting the profession of surveyor COVID-19: Osinbajo warns against vaccine nationalism COVID-19: Traditional leader tells Nigerians to put fears aside and get vaccinated Police confirm attack on Nsukka community Delta to host 21st National Sports Festival Debt figures published do not relate only to the FG – DMO FG reaffirms its commitment to securing the release of Chibok Girls Health group seeks media support to fight tuberculosis PDP Southwest Zone Congress: Caucus of Representatives Welcomes Result Farmers want insect-resistant, high-yielding cowpeas – NABDA Lagos Govt. recognizes Nigerian actresses Voriancorelli seeks N20 billion on Lagos Commodities Exchange Next NSF winners to go home with ‘Giant Eagle’ trophy Nigerian diaspora donates trumpets to NFSC OECD and AfDB strengthen the fight against corruption and the fight against corruption in companies Egbe-Idimu community unveils N250m trust fund 67,500 pregnant women will receive nutritional supplements in Kaduna The FG will sanction those who violate the rules on expatriate quotas – Minister Lagos inaugurates a 5-year agricultural roadmap Traditional leader urges Nigerians to take COVID-19 vaccine The FG appoints the boards of directors, the heads of certain educational agencies WHO and the International Organization of la Francophonie (OIF) sign a memorandum of understanding to strengthen access to health care in French-speaking countries The Minister ensures the implementation of the law on the FCT public service commission #ImagineCircularity: The circular transformation will not be broadcast live Nigeria can host African Games with facilities in Benin – Dalung Ramadan: Osinbajo preaches love, kindness, generosity UN Secretary-General’s Special Envoy for Libya discusses UN-African Union cooperation in support of Libya with AU Commissioners in Addis Ababa Kenya Private Sector Alliance (KEPSA) and Canada-Africa Chamber of Commerce Announce Major Memorandum of Understanding (MoU) FEC Approves N532m for UI Library Extension Over 1.2 million children not yet vaccinated in Nigeria – UNICEF Sweden invests heavily in global access to vaccines in fight against COVID-19 pandemic School exclusion in Madagascar during COVID-19 FG refutes Obaseki’s claims about the state of the economy Coronavirus – Malawi: COVID-19 update (April 13, 2021) Coe warns of effect of further Tokyo Olympics postponement UN-Habitat and Swedish International Development Cooperation Agency (SIDA) partner in cash transfer initiative to protect residents of Kismayo from effects of COVID-19 pandemic Mass Sack: Kaduna NLC calls for prayers Coronavirus – Sierra Leone: COVID-19 update (April 13, 2021) JUSUN strike blocks Evans trial WHO builds confidence in COVID-19 vaccination, tackles reluctance in West Nile subregion East African and international political leaders and financial experts highlight best practices in green investing Plateau: a student who protested falls from the vehicle, dies DMO auctions N150b FG bonds COVID-19 vaccination: UNICEF urges leaders to play key role Coronavirus – Kenya: COVID-19 update (April 13, 2021) Senate confirms Shaba’s appointment as DG NSRDA
"SME News"
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APO15 hours agoIslamic Society for Private Sector Development and Arab Tourism Organization sign Memorandum of Understanding and Cooperation
Under the high patronage of His Excellency Dr Bandar bin Fahd Al Fahid, President of the Arab Tourism Organization (ATO) – Mr. Ayman Amin Sejiny, CEO of the Islamic Society for the Development of the Private Sector (SID) (https: / / ICD-ps.org), member of the Islamic Development Bank Group (IDBG), and His Excellency Mr. Khaled Murad Reda – Assistant Secretary General of the ATO, signed a memorandum of understanding and joint cooperation to establish a general framework for the development of the tourism sector by financing tourism projects in the Arab region, with particular emphasis on the least developed Arab countries. On this occasion, Mr. Ayman Sejiny declared that this memorandum fulfills the objectives of the CIM, aimed at strengthening and improving the structures and mechanisms of cooperation between the member countries of the Organization of Islamic Cooperation (including Arab countries). , as well as meeting their needs by increasing.
- APO2 days ago
ITFC and Republic of Cameroon sign three-year US $ 750 million framework agreement to support key sectors in Cameroon through integrated business solutions
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IDB) and the Republic of Cameroon signed two agreements on April 12, 2021 during a virtual signing ceremony between HE Alamine Ousmane Mey, Minister of the Economy, Planning and Regional Development (Governor of the IDB) and Ing. Hani Salem Sonbol, CEO, ITFC. The first signing is a three-year framework agreement in the amount of US $ 750 million under which ITFC will provide Cameroon with a funding envelope of US $ 250 million per year over a three-year period to facilitate imports of key commodities in strategic energy sectors, mining, in addition to the health sector with medical supplies, including health equipment. It will also maintain its already strong support for the priority sector of agriculture with exports of agricultural products such as cotton, soybeans among others. Through this framework agreement, ITFC will also.
- APO3 days ago
Promote the financial inclusion of local Senegalese businesses in the energy sector
Since the discovery of significant hydrocarbon reserves between 2014 and 2017, Senegal has been a strong advocate for positioning local content and capacity building as the key to unlocking industry growth. While Senegal has existing local content requirements under its new petroleum code (Law 01/2019), the emerging petroleum player differentiates itself from other producers because it has the time to create local capacity in support. to its oil and gas industry before it happens, rather than after the fact. In this sense, the country has emphasized the development of national financing capacities necessary for training, skills development and engagement of local businesses and individuals. A new local content law was due to be signed by HE President Macky Sall in the first quarter of 2020, but COVID-19 has since delayed implementation of the reform, and the country has turned its attention to its resilience agenda. economic and social, which aims.
- APO1 week ago
Verdant Capital raises $ 9.9m in Series A capital for Tugende, a leading MSME lender in East Africa
The transaction is the most recent for Verdant Capital’s award-winning FinTech and Financial Inclusion investment banking franchise (www.Verdant-Cap.com). Partech Africa, part of the Partech Group, a leading global technology venture capital fund, and Enza Capital have invested in the USD 3.6 million extension round – agreed and structured in 2020 – bringing the total volume of the Series A at $ 9.9 million. This comes in addition to the first close led by Mobility 54, the Africa-focused venture capital entity backed by the Toyota Group, as well as $ 12 million in debt financing raised over the past 18 months, by through institutional investors from the UK, Germany, Switzerland, the Netherlands and South Africa. Verdant Capital acts as financial advisor and arranger to Tugende for its increases in equity and debt. The MSME credit deficit in sub-Saharan Africa is over US $ 331 billion per year, with a gap of.
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Features4 weeks agoPrivate enterprises: Obstacle to doing business with Government in Nigeria
By Timi Olubiyi, Ph.D. In today’s turbulent business environment, predominantly with the economic recession, inflation, and the disruptive novel coronavirus (COVID19) pandemic, strategy becomes the main source of competitive advantage for businesses and organizations. However, for a strategy to be meaningful, a business must have a reliable and working business and organizational structure. The fundamental problem that occurs in most businesses particularly the nano, micro, and small-sized enterprises in the country is that they operate informally and how to establish a successful and profitable enterprise in a way to satisfy the common and personal interest is complicated. I am delighted to correctly inform you that this issue revolves around sound business structure planning. Hence, when a business and its activities are divided, organized, coordinated, and controlled without duplications and is hassle-free, it is said to be structured. Organizational structure can be seen as ways in which responsibilities and power are.
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Foreign1 month agoNamibia plans to increase red meat exports to China and Middle East
Namibia plans to increase its red meat exports to China and the Middle East with a view to expanding its market access and increasing its export earnings from agricultural products. The Namibia National Meat Board (MBN) revealed this on Thursday. MBN Marketing Director Desmond Cloete said Namibia has used the services of the University of the Northwest in South Africa to conduct desktop market research targeting China and the Middle East with a view to increase red meat with particular emphasis on beef, mutton and lamb exports. to these destinations. The survey, which focused on the United Arab Emirates (UAE), Saudi Arabia, Kuwait, Bahrain, Qatar and China, showed that these markets are lucrative and will enable Namibia to withstand the competition from other African producers, according to Cloete. “The next step would be to select a clear approach to market entry and the study proposed the following strategies, including exporting.
- APO1 month ago
Team Europe partners with Equity Bank to support Kenyan businesses and agriculture amid COVID-19
The European Union and the European Investment Bank, working together in Team Europe, provide new support of 120 million euros (KES 15.8 billion) to Equity Bank to improve the financing of Kenyan companies most affected by the COVID-19 crisis. The financing plan will support access to finance on appropriate terms for Kenyan SMEs, including in the agricultural sector, through loans of EUR 100 million from the European Investment Bank to Equity Bank and 20 million euros in grants from the European Union (EU). New technical assistance, supported by the European Union, will further strengthen Equity Bank’s capacity to assess, execute and monitor longer-term investment projects in agricultural value chains and further develop the financing offer to long term for agriculture. “As an inclusive regional financial institution, these facilities strengthen Equity’s position to further strengthen the strength of MSMEs who are key players in the value chains and ecosystems of the.
- APO2 months ago
Signing of an agency agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and the Islamic Development Bank (IsDB) for the implementation of the R2 COVID Support Financing Line
HE Dr. Bandar Hajjar, Chairman of the Islamic Development Bank Group (IsDBG) and Mr. Ayman Amin Sejiny, Executive Director of the Islamic Corporation for Private Sector Development (ICD), the private sector arm of IsDBG, signed a Agency Agreement for the implementation of the IsDB Group’s R2 COVID Support Package, which will help IsDBG member countries to restore their economies and recover from the impact resulting from the COVID-19 pandemic. The Agency Agreement is a manifestation of HE the President’s vision to enhance intra-group collaboration and create space for cooperation with other MDBs and IFIs. It is also in line with ICD’s new strategic direction, which places the highest importance on synergy and partnership with other IsDB group entities and other MDBs. In accordance with the Agency Agreement, ICD offers its experience in the implementation of the R2 COVID-19 “Restoration Program” Support in the area of Financing Line transactions. The ICD.
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General news2 months ago8 First Startup Companies join IBDA3
A business acceleration program that entails developing ideas and providing guidance, marketing, and networking with investors “Ibda3″ Startup Accelerator begins its journey in the Jordanian Entrepreneurial ecosystem by embracing 8 ideas and startup companies specialized in multiple creative industries. Amman- February- “IBDA3″, a theme-based startup and SME accelerator supporting entrepreneurs and innovators in the cultural and creative industries, begins its journey in the Jordanian Entrepreneurial Ecosystem by receiving and embracing the first group of creative startup companies into its acceleration program to transform their ideas into productive business models that are capable of contributing to the economy. Moreover, Ibda3 Startup Accelerator began working with its startup companies that operate within the creative industries and have been chosen based on unified criteria. The eight selected startups will undergo a 3-6-month holistic program to accelerate their businesses. Upon joining the acceleration program, startups receive essential training, mentorship, and guidance from experts to.
- APO3 months ago
Verdant Capital is awarded Independent Advisory Firm of the Year – Pan Africa – in the prestigious Africa Global Funds awards, 2020
Africa Global Funds, the leading industry journal covering private equity and other asset classes across Africa, awarded this accolade to Verdant Capital (www.Verdant-Cap.com) in recognition of the firm’s major transaction volumes in 2020 across M&A and private credit and across the Continent. Geographically, Verdant Capital completed transactions in South Africa, Uganda, Kenya, Ghana, Namibia with buyers and investors from the US, Switzerland, Germany, the UK, Japan, the Netherlands, Belgium, the Baltics, South Africa, and Nigeria. Verdant Capital completed transactions in most major sectors of the economy including, financial services, financial technology or “fintech”, telecoms and agro-business. In the fintech sector, Verdant Capital completed three major transactions in 2020 with the closing of the final leg of a USD 13 million debt and equity raise for the South African innovative car subscription business, Planet42. The capital raise follows transactions completed by Verdant Capital for innovative productive lease-financing business in East Africa, Tugende.
