AFG Holding SA has acquired a controlling stake in Access Microfinance Holding AG (AccessHolding) and indirectly its African subsidiaries. The former investor group behind AccessHolding included BII, EIB, IFC, KfW, two responsAbility-managed funds, Omidyar-Tufts Active Citizen Trust, and Triodos Investment Management (through Triodos Fair Share Fund and Triodos Microfinance Fund) as well as the founding…
President Bola Tinubu has reiterated his administration’s dedication to creating a robust financial system and business-friendly economy, attracting foreign direct investments (FDI). He made the commitment at the State House, Abuja, as the Coca-Cola Company unveiled plans to accelerate its investments in Nigeria to $1 billion over the next five years. The announcement was made…
Nigeria’s Vice-President Kashim Shettima has advised regulatory agencies to eliminate overlaps and align their activities with President Bola Tinubu’s agenda for economic growth and enhance ease of doing business in Nigeria. Shettima spoke during the Presidential Enabling Business Environment Council (PEBEC) Regulators’ Forum to build an effective Regulatory Impact Framework (RIA) for Nigeria held at…
A technology company, Zoho, said it grew by 31per cent in Nigeria last year, one of its key markets in the Africa region. The company which provides its 55+ apps in Naira to help local businesses amid the fluctuating dollar rate also announced its collaboration with Bridge International Academies to support the education of underprivileged…
The Republic of Palau became the 194th member state of the International Telecommunication Union (ITU) during a ceremony at United Nations Headquarters. The Permanent Representative of the Republic of Palau to the United Nations, Ilana Victorya Seid, handed Palau’s instrument of Accession to the Constitution and the Convention of the International Telecommunication Union to ITU…
Global multi-orbit satellite provider, Avanti Communications (Avanti), and IHS Nigeria, part of the IHS Holding Limited (IHS Towers) Group, have been recognized for their work in connecting rural Nigeria at the 2024 World Space Business Awards. Each year at World Space Business Week, Novaspace, a merger of Euroconsult and SpaceTec Partners, award the most forward-thinking…
Nigeria’s Aviation and Aerospace Development Minister, Mr Festus Keyamo (SAN) has directed aviation industry regulator, the Nigerian Civil Aviation Authority (NCAA) to make a public declaration on when and how it will resolve refunds of tickets purchased by passengers on one of the domestic flights recently suspended from flying. Keyamo, who insisted NCAA should bring…
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has lamented that the abundant natural and agricultural resources in the South-west geo-political zone were being under-utilised. Its National Vice-Chairman,Chief Kola Akosile, told the News Agency of Nigeria (NAN) in Ibadan that the neglect is worrisome. While speaking on the upcoming Oodu’a International Trade…
The Nigerian Financial Intelligence Unit (NFIU) has emphasised the importance of fintech operators in combating money laundering and terrorism financing in Nigeria. Dr Muhammad Jiya, Associate Director, Analysis and Compliance at NFIU, said this during the Third Quarter Reguvators Forum Webinar organised by Fintech Association of Nigeria (FinTechNGR). The NFIU official stressed the need for…
