MASTERCARD FOUNDATION TO DEPLOY $1.3 BILLION IN PARTNERSHIP WITH AFRICA CDC TO SAVE LIVES AND LIVELIHOODS

The MasterCard Foundation has announced that it will deploy $1.3 billion over the next three years in partnership with the Africa Centres for Disease Control and Prevention (Africa CDC) to save the lives and livelihoods of millions of people in Africa and hasten the economic recovery of the continent. The Saving Lives and Livelihoods initiative will acquire vaccines […]

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Commonwealth countries call for a “blue reset” in pandemic’s wake

Commonwealth member countries are supporting a call to “reset and rebuild” equitable, resilient ocean economies in the wake of the devastating impacts caused by the COVID-19 pandemic. On World Ocean Day, a panel of high-level representatives from across the Commonwealth focused on the widespread challenges facing many ocean-driven economies, particularly small states that rely heavily […]

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UBA, DEG Sign $50m Term Loan to Support Small Businesses in Nigeria

Pan African financial institution, United Bank for Africa (UBA) Plc, and Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have entered into a partnership aimed at supporting small and medium scale businesses (SMEs) in Nigeria. To this end, both institutions have signed a USD 50m Term Facility Agreement. The facility with a tenor […]

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Africa Local Content Fund to catalyze Research & Development and drive Local Content Initiative

Poised to take full advantage of emerging opportunities in local content administration, key stakeholders and policy leaders in Africa’s Oil and Gas, and other related sectors, yesterday met in Yenagoa, Bayelsa State, and have unanimously advocated for a new local content strategy for Africa with a focus on adequate regulatory framework, funding, human capacity development […]

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President Buhari writes Senate seeks confirmation of Yahaya as new COAS

Nigeria’s President Muhammadu Buhari has written the senate to confirm the appointment of the new Chief of Army Staff, Major General Farouk Yahaya. Buhari’s request was contained in a letter addressed to the Senate President, Ahmad Lawan, and read during Tuesday’s plenary resumption. The President, in the letter, said Yahaya’s appointment was in compliance with […]

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