Development

The Development Bank of Nigeria (DBN) has given the first tranche of the N1 billion to the LivingTrust Mortgage Bank to disburse to Micro Small and Medium Entrepreneurs (MSMEs). This was disclosed by the mortgage bank in a statement it issued on 12th March 2021. According to the statement, the first tranche of N1 billion from the Development Bank of...

The African Union (AU), through the African Vaccine Acquisition Task Team (AVATT), has secured 270-million vaccine doses to supply African countries, with at least 50-million doses available for April to June 2021. AVATT, a 10-member team drawn from across the continent, was established in August 2020 by AU chairperson Cyril Ramaphosa to ensure that the continent could secure sufficient vaccine...

The president stated this at a Presidential Conference with the Participants of Senior Executive Course 42 of the National Institute for Policy and Strategic Studies at the State House, Abuja, recently. He noted that the focal point of the group's research for the year, "Population Growth and Human Capital Development: Challenges and Opportunities," was most appropriate in timing, and the...

Over five thousand families have benefitted from the food support programme organised by the USAID funded Urban Assistance Scheme, which was launched by the World Food Programme (WFP). The programme is being spearheaded by Lead, who is in partnership with the WFP in reaching out to the beneficiaries. The scheme is meant to benefit vulnerable families who have been drawn...

A new study by Google and International Finance Corporation has revealed that the Internet economy and business has the outstanding potential of contributing $180bn to the economy of Nigeria and other African countries by 2025. The findings of the study which was made public on Wednesday, November 13 2020, featured within its pages the numerous growth opportunities within the African...

A group of Kenyan students has qualified for the Huawei ICT global competition finals, which will hold in November 2020. The students are from Laikipia University, JKUAT, Multimedia University, and the University of Nairobi are in the competition representing Kenya in the competition. They made the top eight out of over 40 contesting teams in Africa. This year’s Huawei ICT competition...

Telecom giant Huawei Technologies, together with the Federal Ministry of Communications and Digital Economy alongside Advocacy for Human Value Foundation, announced their donations of various ICT equipment to Al-Walidyn Charitable School in the Pantami community of Gombe State – Nigeria. The group also disclosed that they also wholly renovated a building at the same school. The news was made public during...

Efforts are proceeding in Tanzania to quench a fire that has broken out on the inclines of Mount Kilimanjaro, the most elevated top in Africa. Individuals from the Tanzania National Parks Authority (Tanapa) and nearby individuals have been battling to put out the blaze, which started on Sunday. Their endeavours have been hampered by the height just as solid breezes and...

Microsoft has entered into a Memorandum of Understanding with the Alliance for a Green Revolution in Africa (AGRA) to co-create technology solutions in agriculture. The collaboration between Microsoft, through its 4Afrika initiative, will support AGRA’s digital transformation as it works to improve food security for 30 million farming households across 11 countries by 2021. The MOU aims to encourage the use...

Banque Populaire de Mauritanie (BPM), one of the leading banks in Mauritania, launched a state-of-the-art mobile banking service - Bankily, which has received a positive response from consumers. With banking penetration around 30%, Bankily is helping to modernize banking and payments in Mauritania and encouraging financial inclusion in the country. Bankily is powered by Comviva's mobiquity® Banking Suite. Bankily brings a digital revolution in the...