Economy
IFC Backs Equator Africa Fund to Bridge Climate Tech Financing Gap in Sub-Saharan Africa
The International Finance Corporation (IFC) has committed $5 million to Equator Africa Fund I, marking its first venture capital investment...
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Africa Finance Corporation Secures $500 Million Eurobond, Return to the Global Debt Capital markets
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has made a notable return to the global debt capital...
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FEDA Invests $443million in ARISE IIP to Propel Africa’s Export-Led Industrialization
FEDA, the investment arm of Afreximbank, is actively promoting export-led industrialization across Africa. Its recent investment in the ARISE Integrated...
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CBN Sells $543.5 Million in FX Market to Stabilize Naira
The Central Bank of Nigeria (CBN) sold a total of $543.5 million in the Nigerian foreign exchange market (NFEM) to...
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FG Exempts 63 Items from VAT to Support Key Sector…See Full List of Exempted Items
The Nigerian Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT). This was revealed by Taiwo...
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ExxonMobil Targets $10 Billion Investment Plan in Deep-Water in Nigeria
Nigeria aims to attract up to $10 billion in new investments for deep-water gas exploration through a new policy framework...
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Kaduna State Government Allocates ₦71.65 Billion to Strengthen Healthcare, Expands Primary Care Access
The Kaduna State government has announced a major allocation of ₦71.65 billion aimed at improving medical services and infrastructure, alongside...
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Afreximbank Approves $20.8 Million for Starlink Global’s Cashew Factory in Lagos
The African Export-Import Bank (Afreximbank) has approved a financing facility worth $20.8 million for Nigeria-based Starlink Global & Ideal Limited....
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CBN Introduces Electronic Foreign Exchange Matching System to Enhance Nigeria’s FX Market
The Central Bank of Nigeria (CBN) has announced the launch of an Electronic Foreign Exchange Matching System (EFEMS) for Foreign...
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Nigeria to Launch $750 Million Rural Electrification Project, Targeting 17.5 Million People
The Rural Electrification Agency (REA) has announced the launch of a $750 million rural electricity project next month, financed by...
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