Nigeria’s Minister of State for Industry, Trade and Investment, Mrs. Mariam Katagum has said women have the ability to take children off the streets especially in the northern part of the country if they embrace digital learning of the Hausa language. Katagum observed that digital learning could boost contribution to the needs of their families mentally, medically, socially, academically and financially and keep children away from social vices. In a goodwill message at the soft launch of the Lorewa Academy Initiative in Abuja, the minister said the platform will not only expose Northern women and young girls to the digital…
Author: DigitalTimesNG
Liquid Telecom, which last week changed its name, has expanded its terrestrial fibre network to the Democratic Republic of Congo (DRC) for the first time. The company, now Liquid Intelligent Technologies, said it had deployed a 2,500km long haul fibre network in the country. “The completion of this project is part of the strategic vision to connect the African continent to the rest of the world,” said Michel Hebert, CEO of Liquid Intelligent Technologies in DRC. “This fibre deployment not only has the potential to transform the economy of the country, but we are also bringing access to scalable state-of-the-art…
Fouani Nigeria Limited, a subsidiary company of Fouani Group was established in Nigeria 20 years ago with the aim of serving the Nigerian market with the latest, the best, and modern technologically driven electronics. The partnership with global electronics giant LG has made the company a household name as they offered the best LG products at unbeatable prices in the country. The partnership played a key role in the evolution and growth of Fouani Nigeria, as it is being recognized as one of the biggest Electronics stores in Nigeria. Dong Youn Kim, Managing Director, LG Electronics West Africa Operations, said…
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has congratulated Mohammed Babajika, Director, Licensing and Authorisation Department of the Commission on his recognition by the League of African Development Students (LEADS) as ‘’Africa’s Patriotic Personality.’’ LEADS Africa said Babajika was considered worthy of the award “for his outstanding contribution to Africa’s development and meritorious service to God, humanity and our dear country Nigeria, especially through various national and international assignments in the private/public service and community development.” Also, the Licensing and Authorisation Department, led by Babajika, was presented with the “LEADS Development Mandate/Service Award”…
Netcare, operator of hospitals and healthcare services in South Africa and Lesotho, launched Africa’s first sustainability-linked bond, in partnership with Standard Bank. The coupon rate of these bonds is linked to the issuer’s achievement of certain pre-agreed sustainability performance targets. In Netcare’s case, the group aims to reduce its energy consumption, procure more renewable energy, reduce total carbon emissions, and further improve its water efficiency, partly by increasing its capacity to recycle greywater. In addition, Netcare is developing systems to ultimately convert all infectious healthcare risk waste (HCRW) produced on-site to inert products and achieve zero waste to landfill for…
Fidelity Bank Ghana has launched the Fidelity Young Entrepreneurs Fund (FYEF) to support existing businesses and startups of young entrepreneurs with financial and non-financial resources to harness social impact potential, build capacity and guide youth-related businesses to grow and scale up their businesses. The Fidelity Young Entrepreneurs Fund is a project which will provide both financial and non-financial support to enable youth-related businesses to survive and thrive. The focus of the fund is on businesses that are solving a problem in society, employing climate-smart adaptation or mitigation climate change processes in their activities and those that are easily scalable. The…
Facebook has announced the launch of Instagram Lite to Sub-Saharan Africa, a new, lightweight version of the Instagram app for Android that uses fewer data and works well across all network conditions. The new version of Instagram Lite for Android is less than 2MB in size, making it fast to install and quick to load. It also has improved speed, performance, and responsiveness. Instagram Lite not only works similarly to the Instagram app for Android, but it allows the Instagram experience to remain fast and reliable for more people, no matter what device, platform and network they use. Engineering Manager…
The African Development Bank has launched and priced a $2.5 billion 5-year Global Benchmark bond due 23 March 2026, its first $ benchmark of the year. The new transaction represents AfDB’s largest 5-year $ Global Benchmark ever issued, as well as its largest orderbook achieved for a 5-year benchmark transaction. With the final orderbook closing in excess of $3.6 billion (excluding Joint Lead Managers (JLM) interest), and 72 investors participating, the success of this 5-year transaction is a clear vote of confidence from investors in AfDB’s AAA credit. Global asset managers and bank treasuries were key contributors to the strong…
Fund seeks to support entrepreneurs using renewable energy to start or diversify existing businesses
The Rise Fund, the impact investing arm of TPG, is to invest $200 million in Airtel Africa’s mobile money business, at a $2.65 billion valuation. Operating under the Airtel Money brand, the services are targeted at the large unbanked market across 14 African countries and include mobile wallet deposit and withdrawals, merchant and commercial payments, benefits transfers, loans and savings, virtual credit card and international money transfers. The company currently counts 21 million users for its suite of mobile payment services, generating revenue of $110 million in the most recent quarter, and underlying Ebitda of $54 million. Raghunath Mandava, CEO…