ProvidusBank collaborates with Mastercard to Drive Financial Inclusion for MSMEs with Pioneering Card

To reaffirm its digital dominance and stimulate innovation inside Nigeria's financial ecosystem, ProvidusBank, in partnership with Mastercard, has introduced a new payment solution designed to advance digital inclusion in Nigeria and across Africa. The solution, called Providus Amphi Card is designed to provide SMEs, retailers, and companies with frictionless self-services, with a special emphasis on cash-centric entities. 

WISCAR Presents the 2023 Annual Leadership and Mentoring Conference

Women in Successful Careers (WISCAR), a non-profit and non-governmental organization committed to advancing professional women in Nigeria and across Africa, proudly announces its 2023 Annual Leadership and Mentoring Conference. The event will take place on Saturday, 9th December 2023, from 10:00 am to 3:00 pm at the prestigious Muson Centre, Onikan, Lagos.

9PSB Partners Lagos Food Bank Initiative to Distribute Food Boxes

As part of activities to commemorate its third anniversary, 9 Payment Service Bank (9PSB) and the Lagos Food Bank Initiative (LFBI), have partnered to give curated food boxes to the elderly and widows in the Lagos areas of Isolo, Alimosho, Mushin, and Lagos Island.

AFEX Launches FETC Product on New Digital Trading Platform

...Africa Exchange to replace ComX

Africa’s leading commodities player, AFEX, has launched Africa Exchange, a digital platform for trading commodities. The platform follows AFEX’s first foray into digital commodities trading with the launch of ComX in 2020. This new trading platform further transforms the commodities space in Africa by enabling commodities market players to meet and interact both in the physical and financial markets. Data and information crucial to decision-making are readily available on the platform, offering a comprehensive and informed trading experience.

GB Foods Marks 50 Years of Investing in Africa, Reaffirms Mission to Create a Sustainable Food Ecosystem

...announces the introduction of 3.2L jars for the Bama and Jago mayonnaise brands

GB Foods Africa, a prominent culinary and worldwide manufacturing company, held a big celebration to commemorate its 50th anniversary in Lagos, Nigeria. The event, themed "Cooking Together: A Delicious Future for Nigeria and Africa," gathered government officials, corporate leaders, and other stakeholders to celebrate the company's past accomplishments and debate its future goals.

IsDB Institute, Nigerian Exchange Limited to Boost Islamic Capital Markets in Nigeria

The Islamic Development Bank Institute (IsDB Institute) and the Nigerian Exchange Limited (NGX) have announced a collaboration to deliver an influential Islamic capital markets capacity-building workshop in Lagos, Nigeria.

AFRIMA Calls For Concerted Efforts to Combat Drug Abuse in Africa's Creative Industry

Africa's booming creative economy, which includes music, film, fashion, and other artistic fields, has seen extraordinary growth and international acclaim. However, beneath the surface of this success is a darker story: the prevalence of drug usage among creative circles, which the All Africa Music Awards (AFRIMA) has now sought collaboration to address head-on.

BusyBee Business Summit: Experts harp on technology in growing $20 billion event business

The event planning industry and other stakeholders in the event sector in Nigeria have urged for the use of technology to improve the craft of event planning and develop the industry, which is estimated to be worth $20 billion.

Tata International expands operations in Nigeria at Lagos Free Zone

Tata International plans to grow its business in Nigeria through a strategic alliance with the Lagos Free Zone (LFZ). Len Brand, Managing Director of Tata Africa Holdings Pty Ltd, signed the agreement in the presence of Anand Sen, Managing Director of Tata International Limited. This represents a big step forward in the company's commitment to the region.

Nigeria Set to Host the West Africa Healthcare, Lab, & Pharma Week in April 2024

…introduces the 2024 editions of Medic West Africa and Medlab West Africa, and the launch of Pharmaconex West Africa

Informa Markets, the world's leading event organiser, revealed today the launch of its event series —The West Africa Healthcare, Lab, and Pharma Week, set to take place in April 2024 at the Landmark Centre in Lagos, Nigeria. The week-long event series will feature three major global platforms: Medic West Africa, Medlab West Africa, and Pharmaconex West Africa, with each event aimed at highlighting the recent technological innovations and advancements within these crucial sectors.

MSGBC 2023: The Future of Natural Gas in a Changing Environment

An insightful panel discussion on the role of natural gas in the global energy landscape took place on the second day of the MSGBC Oil, Gas & Power 2023 conference and exhibition, which was sponsored by the Société nationale industrielle et miniére, a national industrial and mining company. The panellists discussed how market dynamics are changing as a result of the global energy transition, sustainability initiatives, and technical advancements in the sector.

NBA Africa Opens Two New Stores in SA

NBA Africa and Shesha, a premium retailer of exclusive and limited-edition footwear, apparel, and accessories, has announced the opening of two new NBA Stores in South Africa's Durban and Cape Town.  The NBA Store in Durban will open on Friday, November 24th, 2023 at Gateway Mall, while the NBA Store in Cape Town will open on Friday, December 1st 2023, at V&A Waterfront. 

Germany pledges 4 billion Euros in Africa’s green energy

...AfDB President calls for enhanced partnership

The government of Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr Akinwumi Adesina, during the G20 Compact with Africa conference.  

Richard Teng named new CEO of Binance amid Changpeng Zhao’s forced departure

The founder and former CEO of Binance, Changpeng Zhao “CZ” has announced Richard Teng, its former Global Head of Regional Markets as the new CEO. 

Sam Altman returns as CEO of OpenAI

Just a few days after his ouster, OpenAI announced that it has reached an agreement in principle with Sam Altman to return as CEO, together with a new inaugural board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. This was posted this morning on the company's "X" page.

From COP27 to COP28: Key factors for Africa ahead of the 2023 United Nations Climate Change Conference

The Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) represents an important international forum for countries to gather to discuss and address global climate change issues. However, to date, these conferences have tended to be high-level and process-based, and COP 27 was no exception. – negotiations took place and some of the highlights included the historic establishment of the loss and damage fund which was seen as setting a precedent for climate justice. 

AfDB approves $10 million investment in Dhamana Guarantee Company

...funding to enable Dhamana to offer guarantees for debt instruments

 

The Board of Directors of the African Development Bank Group (AfDB) has approved a $10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an alternative source of long-term funding for infrastructure and the real sector in East Africa.

Afreximbank’s President Oramah receives Zik Prize for Leadership

The President of the African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has been awarded the 2021/22 Zik Prize in Professional Leadership by the Public Policy Research and Analysis Centre (PPRAC). He received the award yesterday in Lagos, Nigeria.

Mpho Sadiki becomes GMD of Merchant Solutions for Africa

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Mpho Sadiki as Group Managing Director of Merchant Solutions, Africa. Mpho will oversee the merchant solutions line of business across the Network's African markets.

P+ to Host 7th AMEC Measurement Month Discourse on November 24

P+ Measurement Services, a leading media intelligence consultancy, proudly announces its seventh consecutive year hosting the prestigious AMEC Measurement Month. This year’s highly anticipated event will delve into the critical theme of "Influencer Marketing and PR: Analyzing the Role of Influencers in Modern PR and Measuring Their Impact."

LIRS Announces Deployment of Upgraded Revenue Collection Process for Hospitality Sector in Lagos State

The Lagos State Internal Revenue Service (LIRS) has announced the immediate deployment of an upgraded process for the collection of Hotel Occupancy and Restaurants Consumption Tax (HORCT) in Lagos State.

Evans Industries kicks off local production of IDOLE Soap in Nigeria

Evans Industries Limited, a member of the Ekulo Group of Companies, has launched a cutting-edge manufacturing factory in Lagos for the production of IDOLE Soap, which the firm previously imported from Spain and supplied in Nigeria.

BridgeAfric set to make its debut in Lagos and Paris

BridgeAfric, a new initiative led by the energetic Victoria Nkong, is gearing up for its grand launch in a spectacular spectacle guaranteed to light the African entertainment scene.

Rema's Global Dominance Continues: Spotify Honours Afrobeats Icon with a Plaque for 1 Billion Streams

At the legendary O2 venue, Nigerian Afrobeats sensation Rema was celebrated by Spotify for his phenomenal achievement - his hit track 'Calm Down,' featuring Selena Gomez, reaching an incredible 1 billion streams on the music streaming platform.

Rite Foods MD, Seleem Adegunwa, Wins Top Honour at Nigeria Marketing Awards 2023

The Managing Director of Rite Foods Limited, Seleem Adegunwa has been awarded the prestigious Inspirational Marketing Leader Award at the Nigerian Marketing Awards (NMA) 2023. Adegunwa's energetic and imaginative marketing approach catapulted Rite Foods Limited to a dominant position in Africa's largest economy, according to the NMA, which is dedicated to rewarding excellence in brand marketing in Nigeria.

LG Electronics Rewards HVAC Consultant with Multi-Million Naira Worth of Products, Wins Bronze Award

Kenbis Technical Services and Teknoconsult Engineering Management have been presented with the “Bronze Medal” and $3,000 worth of LG products in the HVAC Design Award for the Middle East and Africa Region at the award ceremony in Lagos.

AFEX Releases 2023 Crop Production Report, Forecasts Higher Commodity Prices in 2023-2024 Season

AFEX, Africa's premier commodities player, unveiled its 2023 Crop Production report on November 16th, 2023, at a hybrid event held at its Abuja office. The crop production report, which provides insights on six key commodities (Maize, Paddy rice, Soybean, Sorghum, Cocoa, and Sesame), uses farmer surveys and transaction-level data measurement to track vital information on crop output, price performance, and market dynamics. The research will help stakeholders in the commodities market make data-driven trading decisions in the future season by improving their understanding of the current food system.

Sonnie Babatunde Ayere Elected as FHAN President

Dr. Sonnie Babatunde Ayere, the founder and chief executive officer of DLM Capital Group, has been elected to serve as president of the Finance Houses Association of Nigeria (FHAN). He was elected on November 10, 2023, without any opposition. FHAN is the self-regulatory organisation that unites all CBN-licensed financial companies doing business in Nigeria. 

PinkDrive Appoints Publicis Groupe Africa CEO as Executive Board Member

PinkDrive NPC, South Africa's cancer screening and awareness group, has announced the appointment of Koo Govender, CEO of Publicis Groupe Africa, as an executive member of its board.

WhatsApp Rolls Out New Voice Chat Feature to Enhance Group Call Experience

WhatsApp's group communication capabilities will be enhanced with the addition of a new audio chat capability. This feature, which aims to provide a more comfortable manner for conducting phone calls in big groups, is moving from beta to official release in the coming weeks.

London Internet Exchange Goes Live in Nairobi

...becomes new Internet Exchange Point for East Africa

The London Internet Exchange (LINX) has announced that their Nairobi, Kenya Interconnection Hub is now officially operational and ready for business.  

Coronation Group Partners for Investment Opportunities as The Lord Mayor's Show Parade in London

The Grand Procession of the Lord Mayor's Show unfolded on the streets of London in a brilliant display of cultural splendour and international community, commemorating a historic event with the involvement of Africa for the first time in 805 years. The spectacular parade honoured the induction of the newly-appointed Lord Mayor, Michael Mainelli.

Artists, Activists Call For Global Plastics Treaty to End the Age of Plastic

Thirteen celebrated activists, athletes and actors from around the world have appeared in a video calling to end the age of plastic. The 90-second video from Greenpeace International aims to set the tone as the Global Plastics Treaty negotiations (INC3) resume at the United Nations Environment Programme headquarters in Nairobi, Kenya.

Four out of every five diabetics in Nigeria are diagnosed due to complications - Study

In Nigeria, eight out of ten patients with diabetes (80%) only discovered they had the disease until experiencing problems. Furthermore, nearly all (94%) of individuals polled in the country had experienced one or more diabetes problems during their diabetes journey. The findings are based on a global study conducted recently by the International Diabetes Federation (IDF) ahead of World Diabetes Day on Monday, November 14th. The survey was done among persons living with diabetes in Africa, Asia, Europe, and South America to learn more about the prevalence and effect of diabetes-related comorbidities.

Meet the 15 Jury Chairs for the WARC Awards 2024

The 15 jury chairs for the WARC Awards for Effectiveness 2024 have been announced. They will assist the juries in awarding the greatest marketing efforts from around the world that provide strategic brilliance and effective impact to achieve commercial success.

McEnies CEO, Omolaraeni Conferred With Honorary Doctoral Degree, Excellence Business Leader Award

The CEO of McEnies Global Communications, Omolaraeni Olaosebikan has been awarded an honorary doctorate degree in Strategic Leadership and Business Management by MGIBES, a prestigious business and management college in the United Kingdom, in collaboration with HonorCrest Institute in Canada and Theophany University in Hait, North America.

Afreximbank records deals worth about US$1 billion as Intra-African Trade Fair 2023 continues

The third day of the third Intra-African Trade Fair (IATF2023) concluded with the signing of financing and other agreements worth more than $1 billion between the African Export-Import Bank (Afreximbank) and several leading business entities from across the continent. 

Super Mario Bros. Movie Extends From Big Screen to Stream

...to be available on Netflix from December 3 

It's an exciting time to be a fan of Nintendo's famous plumber. Super Mario Bros. Wonder was released for Nintendo Switch a few weeks ago to acclaim, and now it's been reported that The Super Mario Bros. Movie will be available on Netflix very soon.

Why Bolt Food is exiting Nigeria

Nigerians will no longer be able to place food orders via the Bolt app as of December 7, 2023, as Bolt, the all-in-one mobility app, has decided to discontinue its food delivery business. 

Winners of 2023 Africa Women Innovation and Entrepreneurship Forum Awards Announced

...Fatma Samoura, Ifeoma Malo, Seven Others Recognized 

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) announced the winners of the 2023 AWIEF Awards on Friday night in Kigali, Rwanda, at a grand awards ceremony.

IFMA Nigeria Chapter Calls for Stakeholders' Collaboration in the Built Environment

The International Facility Managers Association (IFMA), Nigeria Chapter, has called for collaboration among stakeholders in the construction industry to create a better living environment for Nigerians, to ease the growing concern about the high number of problems plaguing Nigeria's built environment and the need for industry standardisation. 

Afreximbank’s Executive Vice President, Kanayo Awani, elected to FCI Executive Committee

The Executive Vice President, in charge of Intra-African Trade Bank, Afreximbank, Kanayo Awani has been elected to the FCI Executive Committee (EXCOM), the global representative body for the factoring, invoice finance, and asset-based lending industry. Mrs. Awani was unanimously elected to represent FCI's Affiliate Members at the FCI's 55th Annual Meeting in Marrakech, Morocco on November 2, 2023.

Afreximbank to Establish $1 Billion African Film Fund to Support Creative Industry - Kanayo Awani

Kanayo Awani, Executive Vice President, Intra-African Trade Bank, at Afreximbank, announced today in Cairo that the African Export-Import Bank (Afreximbank) is working on the establishment of a $1 billion African Film Fund to be launched in 2024 to support the continent's film industry.

Grammy Awards announce 2024 nominations. Here's a full list of the nominees.

...Burna Boy, Davido, Ayra Starr, Tyla, ASAKE & Olamide Make the Best African Music Performance Category List 

The nominees for the 66th Grammy Awards have been released, and SZA leads the pack with nine nods, followed by Phoebe Bridgers, Serban Ghenea, and Victoria Monét, who each have seven nominations. 

Ecobank Group champions intra-African trade growth at 2023 Intra-African Trade Fair

Ecobank Group, the leading pan-African banking Group, sponsors the Intra-African Trade Fair 2023 (IATF 2023), the continent’s premier trade and investment event, which is taking place from 9-15 November 2023, in Cairo, Egypt. Theme this year is "Connecting African Markets”.

AnyworkX App Makes a Big Debut in Africa's E-Commerce Market

AnyworkX app has made a grand debut in Africa's e-commerce market to boost service industry productivity. The app is intended to address the difficulties that service providers and customers face when doing online transactions.

World Toilet Day 2023: Il Bagno to Refurbish Bathroom Space of Two NGOs

...Submission of Entries Closes 16th November

In commemoration of World Toilet Day, IL Bagno, Nigeria's leading total interior solutions company, will renovate the bathroom space of an NGO in Lagos and Abuja for the world's leading manufacturers of sanitary fittings, kitchen, tiles, doors and other interior solutions.

Saudi Fund for Development, Africa Finance Corporation join forces to promote long-term development in Africa

Parallel financing planned in strategic sectors; a memorandum of understanding was signed today at the Saudi-Arab-African Economic Conference to increase SFD's $10.7 billion in development assistance in Africa.

Haytham El Maayergi appointed as Executive Vice President of Global Trade Bank at Afreximbank

Haytham El Maayergi has been named Executive Vice President, Global Trade Bank at African Export-Import Bank (Afreximbank), succeeding Mr. Amr Kamel, previous Executive Vice President, Business Development & Corporate Banking.

MultiChoice to broadcast the prestigious Earthshot Prize Awards ceremony on screens in Africa

The MultiChoice Group, The Earthshot Prize's official African media broadcast partner, will once again transmit the prestigious competition's third annual awards event, which was taped in Singapore on Tuesday 7 November 2023, and announces The Earthshot Prize's five winners.