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Univercells signs MoU with FG on biopharmaceutical development in Nigeria
The Federal Ministry of Health and Social Welfare is engaging with a diverse range of companies, both domestically and ...
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CBN settles backlog of foreign exchange obligations
The CBN has reported a significant increase in external reserves, rising by $993 million to $34.11 billion as of 7 March 2024, ...
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Ali Pate to deliver keynote speech at NDFF 2024 Conference
The honourable minister will be speaking on the subject, “Transforming Nigeria’s Population Health: Crowding in ...
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Euromonitor forecasts Sub-Saharan Africa GDP to grow to $4.5trn by 2040
Rising consumption, commodity exports, and foreign direct investment are expected to drive Africa’s economic growth, ...
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AfDB commits $80 million to Ekiti Knowledge Zone project in Nigeria
The Ekiti State Government, in Southwest Nigeria, is committing $14.8 million in counterpart funding to complement the ...
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Shell must not be allowed to divest from Niger Delta until clean up –SOMO
Shell must not be allowed to simply walk away from this most emblematic of unjust energy transition cases, says Audrey Gaughran, ...
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Afreximbank-backed Geometric Power commissions Aba project
The Aba IPP is capable of generating and distributing 141 megawatts (MW) of its produced power across nine local government ...
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China startups raise $2.6 billion VC funding in January 2024
China accounted for 22% share of the total number of VC funding deals announced globally during January 2024 while its share of ...
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Report spotlights health impact of climate change for insurers
“Climate Change: What Does the Future Hold for Life and Health Insurance?” shares firsthand insights from health and ...
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Africa Finance Corporation appoints Emeka Emuwa as Chairman of Board
Emuwa has been a part of AFC’s Board since 2015.
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Nigeria Development and Finance Forum 2024 Conference to hold in May
Themed “The Road to Economic and Social Welfare Transformation,” NDFF 2024 Conference aims to provide a strong ...
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New report tells of discrimination against young Africans in diaspora
The report found that while life in the diaspora is marked by various types of discrimination, diasporic African youth have a ...
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AfDB’s sustainable capital notes generate $6 billion in investor interest
On 30 January 2024, the AfDB launched a hybrid capital transaction with a coupon of 5.75% until August 2034, with a 10.5 year ...
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UNCTAD highlights destruction of the economy of Gaza and cost of rebuilding
The report quantifies GDP loss, recovery timelines, and enduring effects on poverty and household expenditure.
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Afreximbank acts as Joint Global Coordinator on BADEA's €500m social bond
BADEA issued a debut EUR 500mn 3-year social bond with use of proceeds to fund eligible projects under the issuer’s newly ...
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Decarbonisation technology market to reach $4 trillion by 2032
As the global economy grows and demand for industrial products (such as steel and cement) increases, industrials are looking to ...
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Ecobank signs $200 million sustainability-linked loan agreement
Ecobank said the loan is a significant milestone as it is the first ever sustainability-linked loan to a sub-Saharan African ...
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Support grows for channelling Special Drawing Rights through MDBs
SDRs are foreign exchange reserve assets maintained by the International Monetary Fund.
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Turk Eximbank joins AFC as inaugural non-African shareholder
The equity subscription from Türkiye’s export credit agency advances AFC’s mission to be the bridge between ...
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MDBs publish first common principles for nature-positive finance
According to United Nations Environment Programme Finance Initiative (UNEP-FI), nature-positive finance aims to mobilise ...
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Saudi Ports Authority showcases progress
In a statement shared with Financial Nigeria, Mawani said it promoted the Saudi’s leadership in the logistics and maritime ...
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