Nigeria News Archives - Page 3 of 14

19Sep

By Africa BusinessNo Comments

Nigeria News, Startups

29 African Startups in Healthcare Supply Chain Selected to Receive Funding and Impact Support from the Gates Foundation, MSD, and More

The pan-African Investing in Innovation (i3 program) is funded by Bill & Melinda Gates Foundation and sponsored by Cencora (formerly AmerisourceBergen), Merck Sharp & Dohme (MSD), Microsoft and Chemonics to invest in Africa’s most promising early to growth-stage start-ups in health care supply chains. The second cohort comprises 29 startups chosen from 10 African countries. Notably, 38% of these startups are led by women, and 17% operate within Francophone Africa. Selected startups will receive a $50,000 grant and access to market opportunities to foster growth-focused partnerships with donors, industry, and institutional stakeholders. Investing in Innovation Africa (i3), a pan-African initiative for start-ups building the future of healthcare supply chains, has...

24May

By Africa BusinessNo Comments

African News, Events, Nigeria News

The International Arbitration Conference Will Reveal the Benefits of Arbitration for African Businesses

In its Centenary year, the ICC’s International Court of Arbitration has set servicing African commercial disputes as one of its top strategic priorities. Speaking as the 7th ICC Africa Conference on International Arbitration prepares to kick off in Lagos at the end of this month, (31 May to 2 June), ICC Court President Claudia Salomon said “Our aim is for the African business community to see the ICC Court as their go-to partner for dispute prevention and resolution. And as we invest in, develop and deliver this strategy we are determined to include local voices, rather than impose our own ideas as a foreign institution. This conference will be hugely significant in placing arbitration, and our particular brand of it, centre-stage for the handling of African commercial disputes”. To da...

Nigeria’s industry is rising to the twin challenge of decarbonisation and energy security

23May

By Africa BusinessNo Comments

Energy, Nigeria News

Nigeria’s industry is rising to the twin challenge of decarbonisation and energy security

Wale Yusuff, the Managing Director of Wärtsilä in Nigeria, explains how businesses operating in energy-intensive industries like cement or steel are investing in flexible engine technologies to secure reliable and efficient power while also setting the perfect stage to make good on their decarbonisation objectives. Nigeria is a major industrial hub. It is home to energy-intensive manufacturing businesses whose operations, and growth potential, are constrained by the weakness of the country’s electricity supply. To mitigate this, industrial companies have been building their own power generation capabilities, but the result has often been the reliance on expensive and polluting diesel generators. As such, the industrial sector represents one of the country’s largest sources of greenhouse g...

MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)

28Feb

By Africa BusinessNo Comments

Angola News, Ethiopia News, Ghana News, Kenya News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Senegal News, South Africa News, Startups, Zambia News

MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)

MultiChoice shortlists 11 start-ups to pitch for international funding and take their small businesses to the next level At a time when unemployment challenges and economic instability are high, small and medium-sized businesses (SMMEs) are proving to be the engines of economic growth and job creation throughout the African continent. In recognition of the critical role SMMEs play, MultiChoice launched the MultiChoice Africa Accelerator programme which trained 29 businesses across 9 African countries in key entrepreneurial skills. As the second leg of the programme, a panel of experts has selected 11 of the most promising small businesses and invited them to pitch to prospective international investors in Dubai. “There’s no denying the impact African SMMEs have on job creation and econ...

PAM Africa Launches First Ever Net Zero Village in Africa

23Feb

By Africa BusinessNo Comments

Energy, Nigeria News

PAM Africa Launches First Ever Net Zero Village in Africa

Leading Cleantech company becomes Africa’s first solar company to provide quality energy access for Africans. PAM Africa, a renewable energy company that provides quality energy access through Solar PV, Grids, Batteries, and Innovation, has today announced the launch of their Net-Zero Villages - a groundbreaking approach that consists of a community that is designed with a whole systems thinking approach to offset more greenhouse gases (GHG) than it produces. The first of its kind from an African solar company, NZVs improve the quality of life of community dwellers whilst simultaneously improving energy access. Within each NZV, you will find many innovative technologies for affordable, clean and quality energy access such as Solar Mesh-Grids, Mini-Grids, Battery Hubs, So-Cool Systems, an...

Nigeria: What next for West Africa’s powerhouse?

21Feb

By Africa BusinessNo Comments

African News, Main, Nigeria News

Nigeria: What next for West Africa’s powerhouse?

Nigeria: What next for West Africa’s powerhouse? With elections approaching, change is afoot in Nigeria. Keen to pursue new opportunities and drive the country forward, what does the future hold for one of Africa’s largest economies? Following her recent visits to the country, Marie El-Hawat, Associate Director, Anglophone Africa at British Arab Commercial Bank (BACB) shares her thoughts on the forces at play in the region. Nigeria is one of Africa’s largest and most important economies: one in five Africans are Nigerian, and that proportion is only set to grow. As one of the powerhouse economies in West Africa, the economy offers huge opportunities, particularly in the county’s largest city, Lagos. Nigeria’s GDP is around USD 441bn, the highest in Africa, and only one of three economies...

Why the promise of a cashless society is key to unlocking the Nigerian commerce growth opportunity

3Feb

By Africa BusinessNo Comments

Fintech, Nigeria News

Why the promise of a cashless society is key to unlocking the Nigerian commerce growth opportunity

By Justin Floyd, CEO of open commerce platform, Redcloud Cash is a uniquely expensive and inconvenient way to do business. However, shifting to a world of cashless payments is easier said than done, as many policymakers have discovered to their cost. The Nigerian Government is taking unprecedented steps to reduce the economic reliance on cash and promote digitally-driven commerce. Will its gamble pay off? Along with Sweden and India, Nigeria has moved ahead of other countries in its efforts to reduce the reliance on cash to make commerce flow and drive economic growth. Most notably, in late 2022, the Government announced a cap on weekly cash withdrawals for both individuals and corporations, with punitive fees levied for those straying above the limits. Since then, it has also announce...

Blockchain Africa Conference 2023: Gearing African businesses to compete in the global marketplace

31Jan

By Africa BusinessNo Comments

Fintech, Ghana News, Kenya News, Nigeria News, South Africa News

Blockchain Africa Conference 2023: Gearing African businesses to compete in the global marketplace

The adoption of blockchain technology has gained traction in South Africa, Kenya, Nigeria and Ghana – resulting in more efficient and lower-cost cross-border payments to facilitate African businesses conducting trade abroad1. This shift can be attributed to an increase in global ratification of the technology where approximately 44% of the top 100 public companies2, including tech giant Amazon, Tencent, Nike and MacDonalds. More and more businesses are venturing towards the new technology prompted by the need for increased trust, security, transparency, and traceability of data shared across business networks. Moreover, the most significant appeal of blockchain technology in an African context is that it is both cost-effective and efficient, for which there is a real need and can potential...

Nigeria’s SAIPEC event serves Sub-Saharan Africa

25Jan

By Africa BusinessNo Comments

Energy, Events, Nigeria News

Nigeria’s SAIPEC event serves Sub-Saharan Africa

The seventh edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will run from 13-17 February at the Eko Convention Center in Lagos. The event will offer a host of B2B networking and partnership opportunities to drive regional collaborations through a week-long programme of activities. The conference will be hosted by the Petroleum Technology Association of Nigeria (PETAN). PETAN is a leader in the promotion of innovative engineering and creative solutions, that help advance the petroleum industry both nationally and regionally. With delegations, speakers and organisations attending from over 40 countries across Sub-Saharan Africa and beyond, including Uganda, Ghana, Gambia, Senegal, Angola, Tanzania, Niger, Liberia, Kenya, Namibia, Somalia and Moz...

Touch and Pay [TAP] launch Cowry card cashless fare collection technology on new LRMT Blue Rail Line

24Jan

By Africa BusinessNo Comments

Fintech, Nigeria News

Touch and Pay [TAP] launch Cowry card cashless fare collection technology on new LRMT Blue Rail Line

500,000 Lagosians set to benefit as Nigerian startup becomes first local company to unify rail, bus and ferry via contactless cards Touch and Pay Technologies [TAP], a Nigerian fintech company and leading processor of micro-transactions in Africa, announced today that for the first time, rail passengers across Nigeria’s largest city, Lagos, can access the newly launched Blue Rail Line using TAP’s contactless Cowry card. Founded in 2019, by Olamide Afolabi, Kabir Yabo, and Michael Oluwole, TAP was the first payment company in Nigeria to provide payment infrastructure that allowed contactless payment cards to be used on buses and ferries. The company continues its record of innovation by enabling contactless payment cards to be used on trains in Nigeria. TAP is helping by advancing financi...