30 April, Geneva – Better Cotton, the world’s largest cotton sustainability initiative, is to conduct sustainability mapping and assessments in West and Central Africa to enhance its understanding of the needs of smallholder farmers in the region and identify context-specific interventions. Funded by the African Export-Import Bank (Afreximbank), these assessments will inform ways in which targeted support can aid the production of more …
Read More »Companies overlooking potential of African cloud ecosystem, says DAI Magister
The African cloud ecosystem represents untapped potential of nearly $1bn, with only 17% of 6,000 companies, with over 250 employees, fully on the cloud. Despite the growing demand for cloud services, both African startups and global cloud orchestration firms are not capitalising on this opportunity. There is a vast gulf in the rate of cloud adoption between emerging and mature …
Read More »Funding boost of $36.5m to help eliminate blinding disease in Africa
Plans to eliminate the blinding disease trachoma from 16 African countries have been boosted with $36.5m (about €34.24) in new funding. Twelve of the countries supported through the Accelerate programme, led by the non-profit Sightsavers, hope to eliminate trachoma by 2027 and three will make significant progress towards this goal in that time. Trachoma begins as a bacterial infection, with symptoms similar …
Read More »Nigerian fashion house opens debut store in Europe
A Nigerian fashion brand, Deji & Kola, has opened its first store in Europe, part of its global expansion drive. Deji & Kola, founded in 2017 by two brothers – Deji and Kola Olabintan, has made its debut in the United Kingdom with the opening of its store in Kent. In a statement released by Kola Olabintan, the creative lead …
Read More »Diaspora investment crucial to Nigeria’s economic rosperity — Dabiri-Erewa
Hon Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission, (NIDCOM), has reiterated that Nigeria’s economic prosperity could be galvanised through a structured Diaspora Investment. The NIDCOM chief emphasized this at a strategic meeting with the investment group Optiva Capital Partners, a wealth management firm specializing in investment immigration, investment advisory and insurance services, in Abuja on Wednesday. She added that collaboration …
Read More »Global Startup Awards Africa 2024 is Open
The Global Startup Awards Africa (GSA Africa) 2024 is now accepting entries. This initiative empowers African innovators, startups, and ecosystem enablers to showcase solutions to global challenges. GSA Africa 2024 aligns with the UN SDGs and offers categories like GreenTech, HealthTech, and Women in Tech. Cape Town, 5th March 2024 – Calling all African innovators, startups and ecosystem enablers dedicated …
Read More »Germany: Alfajiri hosts meeting on AI’s potential for African businesses
Leading African business networking group in Germany to hold what it describes as a transformative meeting on the opportunities of artificial intelligence for BIPOC small and medium businesses Eschborn, Germany – March 15, 2024 – Alfajiri Business Networking is pleased to announce its upcoming meeting scheduled for 20 April 2024, from 08:30 to 10:30 hours at the renowned Nairobi Restaurant …
Read More »International solar company secures funding for off-grid expansion in Nigeria
A new financing facility provided by the Nigeria Infrastructure Debt Fund (NIDF) will open up access to affordable clean energy in Nigeria Wednesday 21 February 2024 – d.light, the global provider of transformational household products and affordable finance for low-income households, and Chapel Hill Denham, the largest alternatives asset manager in Nigeria, today announced the closing of a landmark USD$7.4 million (N10 …
Read More »Election postponement in Senegal causes uncertainty among German investors
German companies are unsettled by the postponement of Senegal’s presidential election, originally scheduled for 25 February but which has now been shifted to 15 December. The unprecedented move has called into question the West African country’s reputation for democratic stability in a region beset by military coups. “The postponement of the elections in Senegal – and this shortly after the …
Read More »Italy announces €5.5 billion support plan for Africa
At the Italy-Africa Summit, Rome promotes its plan to create jobs and opportunity in Africa and discourage its young people from making dangerous journeys across the Mediterranean Sea. Africa demands action instead of empty promises. Italy, which has just assumed the Presidency of the G7, has unveiled a €5.5 billion plan to support African development, which it hopes will stem …
Read More »Helmsley pledge $2.19 million to help end blinding disease in Zambia
The Leona M. and Harry B. Helmsley Charitable Trust has joined Sightsavers in the global fight against neglected tropical diseases (NTDs), with a grant of US$2.19 million to help eliminate the blinding disease in Zambia. The funding was announced at the Reaching the Last Mile Forum in Dubai where a total of $777m US dollars were pledged to help fight the 21 conditions classed …
Read More »Germany: TANG celebrates anniversary, honours outstanding personalities
The bitter cold did not discourage the more than 100 guests from all parts of Germany from converging on Saturday 2 December in the prestigious Robert-Havemann-Hall in Rathaus Mitte in Berlin. They have come to honour The African Network of Germany e.V. (TANG), which celebrated its 10th anniversary with fanfare. TANG is the umbrella group for more than 900 African …
Read More »Nigeria, Germany sign agreement to improve electricity supply
President Bola Tinubu of Nigeria and German Chancellor Olaf Scholz on Friday evening in Dubai, United Arab Emirates, witnessed the signing of an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The agreement, consummated on the sidelines of the COP28 climate summit, was signed by Mr Kenny Anuwe, …
Read More »Germany offers Africa “reliable partnership”
Germany is offering itself to African countries as a long-term and reliable economic partner. That is the message of Berlin at the G20 Compact with Africa (CwA) Conference in the German capital city this week. “Africa is our partner of choice when it comes to intensifying our economic relations and taking the common path to a climate-neutral future,” said Chancellor …
Read More »Nigerian leader seeks German investment in critical sectors
President Bola Tinubu has called for German investment in critical sectors of the Nigerian economy such as power and rail transportation. Tinubu made the call at a meeting with German Chancellor, Olaf Scholz, on the sidelines of the G20 Compact with Africa Economic Conference, on Monday in Berlin. The president said that German investment was needed in critical growth-enabling industries …
Read More »Nigeria’s President Tinubu visits Germany
President Bola Tinubu of Nigeria is scheduled to arrive Berlin on Saturday for a three-day official visit to Germany. Among other activities, he will attend the G20 Compact with Africa (CwA) Conference, hosted by German Chancellor Olaf Scholz, on Monday (20 November). “During the conference, President Tinubu will join other Heads of State and Government of CwA member countries, bilateral …
Read More »Nigeria launches mortgage scheme for citizens in diaspora at low interest rate
The Federal Government of Nigeria has launched the Diaspora Housing Scheme that enables Nigerians outside the country to access up to N50 million in mortgage loans, repayable over a period of 10 years at an interest rate of 6.9%. The scheme, facilitated by the Nigerians in Diaspora Commission (NiDCOM), is to promote an active involvement of Nigerians living abroad in …
Read More »TANG to celebrate 10th anniversary with grand ceremony in Berlin
All roads lead to Berlin on Saturday 2 December when the biggest umbrella body of African associations in Germany celebrates its 10th anniversary. “This event is a special opportunity for The African Network of Germany (TANG), comprising more than 900 non-profit groups and individuals, to celebrate its successes and share its vision for the future,” the organisation said. The day …
Read More »Global Startup Awards Africa Announces 16 Category Winners
Addis Ababa, Ethiopia – Monday, 31 October 2023 – The Global Startup Awards Africa (GSA) Africa, in collaboration with the Global Innovation Initiative Group (GIIG), the Ethiopian Ministry of Labour and Skills (MOLS), the Ethiopian Ministry of Innovation and Technology (MInT) with the support of the Entrepreneurship Development Institute (EDI) Ethiopia, revealed the names of 16 category winners at the …
Read More »Germany: New awards for Black youth educational achievers
The African community will gather in Hamburg on 4 November to honour youths of African descent who have excelled in their educational and training pursuits in the past year. The event, the 11th African Youth Education Awards (AYEA), will be graced by diplomats, German politicians, Hamburg officials and other guests. Initiated thirteen years ago to act against the observed low …
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