African investor and philanthropist, Tony Elumelu, has told global investors to invest in Africa which delivers unmatched returns on investment. Elumelu spoke at the World Government Summit, Dubai, where he showcased the African investment opportunity. He highlighted the 15-year track record of returns and impact created by his investment vehicle, Heirs Holdings. An investor globally…
The European Union (EU) is supporting the adoption of clean cooking solutions to facilitate Nigeria’s energy transition to cleaner, affordable, and sustainable energy sources, particularly in rural areas. The EU noted that prioritising clean cooking solutions will help to reduce reliance on fuel, deforestation, improve public health outcomes, and create new economic opportunities, especially in…
The Lagos Government has partnered Fidelity Bank Plc to foster entrepreneurship, spur jobs creation and boost economic growth. Governor Babajide Sanwo-Olu stated this during the official opening of the bank’s SME hub in Lagos. Speaking through the Secretary to the State Government (SSG), Barr. Bimbola Salu-Hundeyin, the governor said the government has been exploring private…
Nigeria and the African Export-Import Bank (Afreximbank) have signed the Host Country Agreement for the 32nd Afreximbank Annual Meetings (AAM), scheduled for Abuja between June 23 and 28, 2025. The Afreximbank Annual Meetings are among Africa’s most significant economic gatherings, featuring high-level policy discussions, expert presentations, and networking sessions focused on trade, investment, and economic…
The Lagos Waste Management Authority (LAWMA) it has ramped up its night surveillance operations, leaving no hiding place for persons hiding under the cover of darkness, to dispose of their waste at illegal locations. The agency has reiterated its commitment to enforcing environmental laws, ensuring that offenders are identified and prosecuted. Speaking on the renewed…
‘An Assistant Comptroller of the Nigeria Customs Service (NCS), Clement Amaweh, has stressed the importance of promoting Cross Border Trade (CBT) to enhance Nigeria’s economic growth Amaweh, the officer-in-charge of Ohumbe Outstation, Yewa North, made the statement while delivering a lecture during the Festival of Art for Economic Development in Idiroko, Ogun. The programme had:…
The Managing Director, Kuda Microfinance Bank, Musty Mustapha, has called for enhanced cybersecurity measures to protect consumers and sustain fintech growth. He said the fintech revolution has transformed financial access, but it comes with a rising threat of cybercrime. According to the Oxford University World Cybercrime Index 2024, Nigeria ranks fifth globally for cyber-related crimes,…
The President of Giessen Chamber of Commerce and Industry, Germany, Dr. Mathias Leder, has revealed that he is the country to help chart ways Nigeria can adopt to improve her export and change the trade imbalance existing between the two countries. Leder, who made an allusion to the trade imbalance between Nigeria and Germany that…
The Tony Elumelu Foundation (TEF) has sealed a $6 million strategic deal with United Arab Emirates (UAE) Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation (an affiliate of Erth Zayed) to empower additional 1000 young African entrepreneurs. The benefiting entrepreneurs from all 54 African countries will receive business training, mentorship, access to…
