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AU signs Abidjan Declaration on nutrition and food security in Africa
It is estimated that 61.4 million African children under five years are stunted, more than 12 million are wasted, and some 10 ...
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AFC receives $38 million in new equity contributions
“This boost to our share capital enhances AFC’s mandate to provide African solutions to African challenges, funded ...
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Global NFT sales slumps 76 percent
The number of unique buyers also plunged, falling from more than one million in December 2021 to 469,000 last month.
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Nigeria to host Pan Africa healthcare event in March 2023
The broad support the event enjoys will see participants from pharmaceuticals, medical equipment & services, medical ...
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Tech company Klasha introduces menstrual leave to support female employees
Klasha said the policy is the first of its kind for a technology company operating in Nigeria.
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US offers grant to combat child labour in West African agriculture sector
The ILO and UNICEF currently estimate that more children are working in child labour in Africa than in the rest of the world ...
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Ventures Platform closes fund above initial $40 million target
“We are honoured to have the breadth of both local and global investors who have bought into our vision and who equally ...
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OPEC Fund approves $500 million for global development projects
The Fund said 15 new projects approved reflected the launch of its $1 billion Food Security Action Plan and the adoption of its ...
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IFC provides Airtel Africa $194 million in local currency loans
IFC said its digital strategy in Africa aims to enable ubiquitous, reliable, and affordable connectivity.
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IHS completes $600 million three-year bullet-term loan
IHS Towers is the largest independent multinational towerco solely focused on the emerging markets. The company has nearly ...
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Rising inflation brings striking fall in real wages, ILO report
The report estimates that global monthly wages fell in real terms to minus 0.9 per cent in the first half of 2022 – the ...
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U.S. jobs report to trigger market volatility
The US economy added a robust 263,000 jobs in November 2022. The figure beat the projections of about 200,000 new jobs by ...
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Ericsson highlights potential economic benefits of 5G in emerging markets
The report estimates that enhanced rural 5G coverage could deliver up to 1.8 percent uplift in long-term GDP from agriculture.
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Nigeria receives 40 percent of remittances to Sub Saharan Africa in 2022
After falling dramatically from $23.8 billion in 2019 to $17.2 billion in 2020, remittances by Nigerians in diaspora grew to ...
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Port Harcourt Region of Transmission Company of Nigeria
The Port Harcourt Region has eight 330/132kV Substations, including the largest switching station in Nigeria located at Ikot ...
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African Development Bank offers FCMB $50 million credit line
The project is expected to improve access to finance for at least 50 enterprises: 29 in the agribusiness and manufacturing ...
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Gates Foundation commits $1.4 billion to climate adaptation at COP27
The $1.4 billion will, amongst other investments, support the Africa Adaptation Initiative (AAI) to quickly build a pipeline of ...
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Macro analysis says the sky is likely the limit of the naira exchange rate
Macroeconomic analysis by global firm Tellimer Research shows upswings in Nigeria’s interest and foreign exchange rates in ...
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ASR Africa starts N1 billion grant projects in University of Benin
ASR Africa was established in 2021 to provide sustainable, impact-based homegrown solutions to developmental issues affecting ...
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IFC appoints Olivier Buyoya as Regional Director for West Africa
IFC said it committed a record $32.8 billion to private companies and financial institutions in developing countries in fiscal ...
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Report pushes financing for Africa's climate adaptation as agenda for COP27
Adaptation finance is scaling too slowly to close the investment gap in Africa, even as the costs of inaction rise. – ...
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