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AI startups raise $48.4 billion year-to-date
After two years of unstoppable growth, the AI sector is experiencing mixed investor sentiment.
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Green Climate Fund approves $151 million for disbursement by AfDB
The approval comprises a $90.7 million grant and a $60.3 million loan.
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Company debunks allegations against Adeolu Adeboye in Kaduna contract row
Ronchess Global Resources says Pastor Adeolu Adeboye’s involvement in the company is entirely legitimate, and the attempts ...
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Chinese lending to Africa rises for the first time since 2016
Between 2000-2023, Chinese lenders provided 1,306 loans amounting to $182.28 billion to 49 African governments and seven ...
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UK records $9 billion in VC funding between January-July 2024
The UK accounted for 7.3% share of the total number of VC deals announced globally during January-July 2024, while its share of ...
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World Bank mobilises Euro 2.5 billion for sustainable development
The transaction attracted over 75 orders totalling almost EUR 4 billion, from European and global investors seeking safe and ...
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ILO uncovers significant ‘disability wage gap’
It’s estimated that 1.3 billion people, or nearly one-in-six of the global population, experience significant disability.
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Emerging market banks hardly investing in climate finance
The report also calls attention to the excessive holdings of government debt by domestic banks – an Achilles heel for some ...
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Bank using sustainability to drive Uganda's socio-economic development
"UDB remains committed to fostering inclusive economic growth through strategic investments in sectors that drive sustainable ...
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Singapore regains 'most powerful passport' in world ranking
The city-state also sets a new record score, with its citizens now enjoying access to 195 travel destinations out of 227 around ...
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World Bank appoints new Country Director for Nigeria
Prior to his assignment to Abuja, Ndiamé served as the World Bank Country Director for Brunei, Malaysia, ...
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UNESCO wants countries to invest far more in physical education
Two-thirds of pupils with disabilities are deprived of any physical education, the report also says.
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CBN raises interest rate by 50bps to extend hiking cycle
Analysts believe the base effect is likely to moderate year-on-year inflation data in Nigeria from July 2024. Accordingly, the ...
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Swedfund invests $30mn in Access Bank for MSMEs financing in Nigeria
Swedfund said Access Bank is systemically important and well-positioned to reach a significant number of MSMEs in Nigeria.
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IMF Deputy Managing Director Antoinette Sayeh to retire from the Fund
IMF said Ms. Sayeh made notable contributions to key reforms of IMF policies on concessional financing, debt, and capacity ...
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ADIPEC Technical Conference receives record-breaking submissions
The two submission categories that saw the biggest increases were Energy Transition and Decarbonisation and AI and Digital ...
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Nigerian inflation rate climbs to 34.19 percent
The food inflation rate in June 2024 was 40.87% on a year-on-year basis, which was 15.62% points higher compared to the rate ...
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New Food importation policy could destroy Nigeria’s agriculture – Adesina
Adesina urged the Nigerian government to take advantage of the Bank’s investments and support for African farmers; show ...
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Bank of America credits ‘hot money’ flows to Nigeria to CBN policy
The report says more inflows should support the local currency’s stability for the next 12 months, with the naira ...
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Remittances moderate as cost remains too high
According to the report, sending remittances remains too costly.
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Afreximbank, Africa CDC pledge $2 billion for health products manufacturing
Under the partnership, Afreximbank has committed a $2 billion facility to the Africa Health Security Investment Plan (AHSIP) to ...
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