NOVA Merchant Bank Receives Shareholders' Approval for Full Commercial Banking License

The shareholders gave their unanimous approval during the company’s 6th Annual General Meeting in Lagos on Wednesday, where they agreed that the bank remains well-positioned to sustain and build upon its growth legacy.

OPEC Secretary-General to Headline 2023 Angola Oil & Gas Conference

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, will return to Luanda for the fourth edition of the Angola Oil & Gas (AOG) conference, which will be held 13-14 September under the auspices of the Ministry of Mineral Resources, Oil and Gas.

RightCard Payment Services Obtains IMTO License in Nigeria

RightCard Payment Services Limited, a Lemonade Technology Inc. company, has joined Flutterwave, Interswitch, PayPal, and Opay as an International Money Transfer Operator (IMTO) in Nigeria. The company just stated that it has secured a licence from the country's Central Bank, allowing it to operate as an IMTO entity within the country.

NNPC Signs Heads of Agreement with UTM Offshore for Floating Liquefied Natural Gas, Advancing Domestic Gas Use in Nigeria

The Nigerian National Petroleum Corporation (NNPC) has signed a Heads of Agreement with Nigerian oil and gas business UTM Offshore Limited for the UTM Floating Liquefied Natural Gas (FLNG) project, which involves the construction of an FLNG vessel capable of producing 176 million cubic feet of gas per day from the Yoho Field. The agreement details the NNPC's 20% equity contribution to the FLNG project and is a significant step forward in promoting domestic gas utilisation in Nigeria.

How Afrobeats has seamlessly fused with other genres

Afrobeats in recent times has been known to reinvent itself through the fusion with other music genres. Which are some of the key genres that Afrobeats has been fused with over the years? What do the fans think of these fusion sounds? What has been the impact of fusing Afrobeats with other sounds? This week’s update to Spotify’s Afrobeats: Journey to a Billion Streams site has the answers. 

Fearless Energy Drink Captivates Fans with a Thrilling Contest and VIP Movie Experiences

The premium energy drink of Rite Foods Limited, Fearless ignited the 'Embrace the Thrill' passion of consumers through various board games, football, and video games of different types, with a climax dubbed 'The Fearless Challenge,' an ice bucket contest where three winners emerged on Saturday, 15th of July 2023.

EAIF Extends €35 Million to Bring Pioneering 46mw Biomass Power Plant in Côte D’ivoire to Financial Close

...Project advances West Africa’s circular economy, boosts yields and incomes of local farmers 

...€8m Viability Gap Funding support provided by PIDG Technical Assistance

 

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, today announced that it had officially broke ground on the pioneering 46MW biomass power station in Ayebo, Côte D’Ivoire, bringing clean power and a more diverse energy mix to the region.

Meituan invests in China's promising OpenAI rival Zhipu AI

Meituan, the country's famous food delivery business, has invested in Zhipu AI, a promising opponent to OpenAI, in a move that highlights China's developing AI environment and its aim to compete on the world stage. The investment is a deliberate move to strengthen Meituan's AI capabilities and capitalise on the platform's broad reach while establishing Zhipu AI as a powerful competitor in the battle to develop advanced large language models (LLMs).

African Development Bank supports inaugural Women Deliver 2023 Conference Africa

The ongoing Women Deliver 2023 Conference, a multi-sectoral event aimed at furthering gender equality, has received the support of the African Development Bank (AfDB). The conference which commenced on July 17th will end today July 20th in Kigali, Rwanda.

Radisson Hotel Group reports strong H1 growth across its expanded brand portfolio with 100+ signings and openings

Radisson Hotel Group had a solid first quarter of 2023, with strategic growth across the portfolio realised in APAC and EMEA through milestone openings and signings. The Group also announced new offers to its owners and guests, including the addition of art'otel to its portfolio, which combines art and lifestyle.

Vantage Capital invests $25 million in Aquasantec International

Vantage Capital, Africa’s largest mezzanine debt fund manager, announced that it has made an investment into Aquasantec International, a manufacturer and distributor of water tanks, pipes and related products, addressing water, sanitation and hygiene needs across the East African region.

DLM Capital Group Redeems its ₦1.70Billion Series 9 and ₦1.10Billion Series 10 Commercial Paper Issues

DLM Capital Group, a leading development investment banking firm, has announced the maturity and successful redemption of its 1.70 billion Series 9 268-Day and 1.10 billion Series 10 180-Day Commercial Paper Issues, which matured on July 17 and July 14, respectively. Since its start, the cumulative redemptions under the $20 billion Commercial Paper Issuance Programme have exceeded $8.95 billion.

eCommerce App Industry’s Resilience as Marketing Spend for Attracting New Shoppers to Apps Approaches $5 Billion - AppsFlyer Report

AppsFlyer today released the 2023 edition of its State of eCommerce App Marketing report, which provides an in-depth look at key global industry trends that will assist retail marketers build a mobile-first experience that drives engagement and sales in the second half of 2023, particularly during the peak holiday season.