The Chief Executive Officer (CEO) of the Islamic Corporation for Development (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, Ayman Sejiny, and the Managing Director and CEO of Jaiz Bank-Nigeria, Hassan Usman, signed a $25 million Shariah-compliant line of financing agreement to support SMEs in Nigeria, including those adversely affected by […]
FG to Lift 100M Out of Poverty via Trust Fund. National Youth Service Corps Trust Fund Application Form for Nigerians Youth Serving Corp Members across the Federation – apply online here. Are you among Nigerians Youth Serving Corp Members or those aspiring for Service? Have you heard about NYSC Trust Fund? Opportunity is here for […]
The Development Bank of Nigeria Plc disbursed a total of N400 billion to Small and Medium Enterprises (SMEs) in the country in the past four years, its Chief Executive Officer (CEO), Mr. Tony Okpanachi disclosed yesterday. The DBN boss said, “It is at times like this that our mandate at the Development Bank of Nigeria […]
n-African VC firm, announced today that it is launching its third fund — LoftyInc Afropreneurs Fund 3 — at $10 million for tech startups in Africa. The firm has reached the first close of $5.5 million. Some of the limited partners in the vehicle include those from its second fund, FBNQuest Funds, syndicates from The […]
Applications are now open for this year’s edition of the Pitch AgriHack competition, which provides cash grants to innovators increasing the use of technology and creating jobs across Africa’s agricultural sector. Run by AGRF and Heifer International, Pitch AgriHack is focused on accelerating entrepreneurial growth and job creation in the agriculture sector by leveraging advanced […]
SME.NG’s e-market platform is set to go live with the aim to provide access to finance, wider market access, technical and business support to local female entrepreneurs. The new platform which was unveiled on the 25th of March 2021 was introduced as a solution to the impact of COVID-19 on Nigerian female-owned businesses. Speaking on […]
Impact investment firm Goodwell Investments has launched a new EUR50 million (US$60 million) fund that will channel capital from private investors, family offices and foundations to fast-growing, scalable small and medium-sized companies. The latest Goodwell Investments fund – Goodwell V – is a new multi-sector private equity fund focused on inclusive growth and sustainable development […]
The Board of Directors of the African Development Bank (AfDB) have approved a loan of $50 million to Nigeria’s First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors. The disclosure is contained in a public statement titled, ’African Development Bank bolsters women-empowered […]
A non-profit organisation, PharmAccess Group, has established a scheme, Medical Credit Fund (MCF), aimed at making inclusive health markets work in Africa. MCF will deploy innovative digital finance solutions to increase investments in African health infrastructure and improve access to quality primary healthcare services. The fund will start in its current countries of operation, which […]
We earlier covered the pivot by Nigeria’s MVX Transit, a digital freight and haulage company to MVX. Often regarded as Africa’s “Uber for Ships,” the company has set its bet on international trade. As a maritime tech startup, MVX now has a presence in South Africa, Kenya, Ghana, Rwanda, and Tanzania. The platform is also […]
