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ACT Foundation Opens 2024 Grant Cycle to Empower Non-profits and Social Enterprises in Africa

Aspire Coronation Trust (ACT) Foundation has announced the opening of the highly anticipated 2024 ACT Grant Cycle, an initiative designed to support and scale up non-profits and social enterprises in Africa. The 2024 Grant Cycle, which opened on Monday, 23rd October and closes on Friday, 10th November, is targeted at non-profits and social enterprises in …read more →

AFRICAReports Banking and Finance News & Reports

British International Investment Partners with Access Bank Plc to Extend US$60 Million Trade Finance Facility Across Five African Countries

British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a $60 million trade finance facility for Access Bank Plc in Nigeria and five of its pan-African subsidiaries. This will strengthen import and export capabilities amongst local businesses and plug the foreign currency supply gap. The programme supports Access Bank’s …read more →

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Tinubu Meets Oracle Chief, Hints at Partnership with Big Techs for Efficiency

President Bola Tinubu, on Monday, expressed his support for new partnerships with global technology companies to ensure that data from public institutions are accurate and transparent in providing templates on which proper public sector planning and accounting can occur across sectors. Speaking at a meeting in the State House with the Global Vice President of …read more →

AFRICAReports News & Reports Trade and Investments

LCCI Establishes ECOWAS/ AFCFTA Regional Integration Trade and Investment Committee

The Lagos Chamber of Commerce and Industry (LCCI) inaugurated the ECOWAS/ AfCFTA Regional Integration, Trade & Investment Committee (EARI-TIC) and named its initial members.  At the inauguration ceremony, the LCCI President, Asiwaju (Dr) Michael Olawale-Cole, underlined the priorities of peace, political stability, and good governance as some of the foremost promoters of regional integration, trade, …read more →

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MOFI May Sell State Infrastructure Firms, IPOS to Strategic Investors

The Ministry of Finance Incorporated, MOFI is considering selling stakes in 20 state-run companies in a bid to raise funds and improve governance at the entities. The Chief Executive Officer of the Ministry of Finance Incorporated, MOFI, Armstrong Takang, said that the Nigerian National Petroleum Company Limited, NNPC, is among the firms the government may …read more →

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Shell Boosts Nigeria’s Oil Output by 220,000 Barrels with Resumption of Forcados-grade Crude

Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings of the medium sweet grade were suspended because of a potential leak at the export terminal. Sources had told Reuters that exports of the grade, which was scheduled to ship 220,000 barrels per …read more →

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Tinubu Vows to Eradicate Hurdles Across the Entire Power Sector Value Chain

PRESIDENT Bola Ahmed Tinubu, on Friday, declared that despite the nation’s current rate of energy supply, his administration is poised to address all the obstacles militating against stable electricity supply in the country. He said his administration will bring solutions to the multifarious challenges across the electric power sector value chain which will significantly relieve …read more →

AFRICAReports ENERGY Infrastructure News & Reports

Ghana Tullow Oil’s Jubilee Offshore Field Hits 100,000 bpd Per Day

Oil company, Tullow said that production from its Jubilee oil field offshore Ghana had surpassed 100,000 barrels of oil per day, following the recent start-up of the Jubilee South East (JSE) Project. “Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the JSE wells …read more →

AFRICAReports ENERGY News & Reports

Asharami Energy Zambia Receives ‘A’ Rating from Energy Regulation Board

Asharami Energy Zambia, a Sahara Group Company, has been awarded an “A” rating by the Energy Regulation Board of Zambia in recognition of its exceptional performance and quality service to customers in the region. The Regulatory body rated the Asharami Energy Zambia Retail Station on Mungwi Road Lusaka, “A” for outstanding service delivery. According to Dipo …read more →

AFRICAReports Economy News & Reports

AfDB to Assist African Countries Improve Their Data Management, Dissemination

The African Development Bank (AfDB), says it will assist African countries to improve their data management and dissemination through the provision of Open Data Platforms. According to AfDB, it will collaborate with the United Nations Economic Commission for Africa (UNECA), and the International Monetary Fund (IMF), to achieve this. To this end, the Bank said …read more →