The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.
StartCredits is a Nigerian financial technology startup that is redefining borrowing by offering competitive terms that reduce interest rates while advancing transparency.
Olalekan Akinseye runs a clothing entity in Nigeria that is tapping the evolving nature of fashion and the apparel industry to champion the war on cancer. He spoke to Africa Business Communities about the milestones and ambitions of the venture.
[Column] Ehiedu Iweriebor: Nigerian Economic Recovery through Industrialization and Diversification by Public and Private Sector Synergy
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities.
Increased Infrastructure, Labour-Intensive Manufacturing Key to Africa’s Industrial Competitiveness - Afreximbank President
Labour was competitive in Africa but was not a tradable asset, the President noted, adding, “at this stage, it might be better to import fabrics and transform them into garments or to produce and assemble other labour-intensive light-manufacturing goods rather than processing raw materials in a way that may not enable Africa to compete globally”.
IFC, a member of the World Bank Group, today launched the Lighting Africa program for Nigeria.
NEXIM signs agreement for US$302,000 financial grant under the Nigerian Technical Cooperation Fund managed by African Development Bank
The efforts of the Nigerian Export-Import Bank (NEXIM Bank) to facilitate the establishment of a regional maritime company, The Sealink Project, has received a fresh boost with the signing of a financial grant with the African Development Bank (AfDB) for US$302, 000 under the aegis of the Nigerian Technical Cooperation Fund (NTCF).
IFC, a member of the World Bank Group, announced an agreement to provide a $20 million convertible loan to AIICO Insurance Plc, to support its expansion activities across Nigeria.
The newly appointed ED/CE of the Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo, paid a courtesy call to the Managing D/CEO of the Nigerian Export-Import Bank (NEXIM) at the Headquarters of the Bank in Abuja, to discuss areas of possible collaboration and synergy.
Dakar-based leasing company Locafrique Senegal is the beneficiary of a 25 million Euro dual tranche credit facility arranged by the African Export-Import Bank (Afreximbank) aimed at increasing support to the Senegalese agricultural sector.