SME360

December 13, 2021

The ECOWAS Commission And The French Development Agency (AFD) Sign A New Grant Agreement Of €8 Million To Support the Food Security Storage System in West Africa

The ECOWAS Commission and the French Development Agency (AFD) sign a New Grant Agreement of €8 million to Support the Food Security Storage System in West Africa. The President of the ECOWAS Commission, H.E. Mr. Jean-Claude Kassi Brou and the Director of the French Development Agency (AFD) in Nigeria, Mr. Xavier Muron in the presence […]

by Adzer Iwanger

December 10, 2021

PIDG Grants $500,000 To Financial Regulator To Accelerate West African Capital Markets Reforms

The Private Infrastructure Development Group (PIDG), through its technical assistance (TA) offering, has announced it is supporting capital market reform studies, capacity building and documentation standardization for bond issues in the West African Monetary Union (WAMU) region. PIDG Technical Assistance has made two grants, totalling $500,000 to the WAMU region Capital Market Regulator, Conseil Régional […]

by Adzer Iwanger

December 10, 2021

IFC, Novastar and Arcadia Funds star in $110m TradeDepot funding round

African retail and ecommerce marketplace TradeDepot raised $110 million in a Series B equity funding round led by Novastar, CDC Group, Endeavour Catalyst and World Bank Group member IFC (International Finance Corporation). Arcadia Funds led the debt funding component. We remain super focused on making digital commerce and financing both accessible and affordable to neighbourhood […]

by Adzer Iwanger

December 7, 2021

5, 000 youths to gain jobs from Niger-Benue inland waterway port project

The Nigerian Navy, National Inland Waterways Authority (NIWA) and Nigerian Export and Import (NEXIM) Bank, have begun the survey and charting for the lower River Niger and River Benue for enhanced waterway port to stimulate socio-commercial activities in the country. The project will open up the country’s inland waterways to 25 African countries and Europe […]

by Adzer Iwanger

December 7, 2021

How FG Plans To Boost Export With N50bn ESP Funding

Beneficiaries to receive grant for non-oil exports *Nigeria to leverage ECOWAS TPOs to boost trade volume With the official launch of the Economic Community of West African States (ECOWAS) Trade Promotion Organisations (TPO) Network as part of measures to increase the volume of trade within the region, the Federal Government plans to boost its non-oil […]

by Adzer Iwanger

December 7, 2021

UK Launches £27 Million Funding For Lagos, Other Developing Cities Committed to Net-zero Emissions

The UK government Thursday launched the new Urban Climate Action Programme (UCAP) to support the cities and regions in developing countries most impacted by climate change to accelerate their transition to net zero. Backed with £27.5 million of new UK government funding as part of the UK’s International Climate Finance commitment, the programme will support […]

by Adzer Iwanger

December 7, 2021

FG directs NCC to issue research grants on artificial intelligence

The Minister of Communications and Digital Economy, Prof. Isah Pantami, disclosed this during the International Conference on Computing and Advances in Information Technology, organised by Ahmadu Bello University (ABU) Zaria on Tuesday. The three-day conference, which was organised by the Department of Computer Science of the institution, has “Fostering Digital Economy Through Recent Trends in […]

by Adzer Iwanger

November 30, 2021

Non oil export: NEPC, NITDA partnership offers 450m grant to innovation Start-Ups

The Nigeria Export Promotion Council (NEPC) and the National Information Technology Development Agency (NITDA) through the Export Expansion Facility Programme, EEFP are providing about NGN 150 million grant support to innovation hubs across three geo-political zones in Nigeria. The partnership is also providing another about NGN300 million in grants to support start-ups that are exporting […]

by Adzer Iwanger

November 26, 2021

Unity Bank Seeks To Improve Women SMEs In Nigeria, Launches Yanga Account

Unity Bank PLC is seeking to improve Small and Medium Enterprises (SMEs) of women in Nigeria through training, Investment encouragement and micro-financing. Speaking in Mararaba, Nasarawa State, on Tuesday, at the launch of the Yanga account, the Managing Director of Unity Bank Plc, Mrs Tomi Somefun, said “the Yanga Account is an extremely important step […]

by Adzer Iwanger

November 25, 2021

Nigeria: Govt Makes New N20m Investment in Start-Up Ecosystem

The Federal government has pumped N20 million into the Nigerian start-up ecosystem. The investment came through the Nigerian Communications Commission, NCC, which doled out a grant of 5million each to four young tech start-ups in the country. The funding is to help the four start-ups gain fast traction and grow into big establishments that would […]

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