investment
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Business
Monsha’at: Day 2 of Biban 2024 raises the bar for Saudi entrepreneurship with over 1.35bn Saudi Riyals worth of agreements launched
20 agreements worth more than 1.35bn Saudi Riyals were signed on the second day of Biban24 forum. In line with Vision 2030, these partnerships and agreements were launched to empower Saudi Arabia’s thriving community of entrepreneurs and advance entrepreneurship in the Kingdom and beyond. Day 2 of the immersive Biban gathering called attention to Saudi Arabia’s growth as a global…
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Featured
New Platform Eases Business Operations and Streamlines Foreign Investment in the Middle East
Middle East Embraces Digital Transformation with Launch of Innovative HR Platform TASC Outsourcing launches TASC 360 HR onboarding, company incorporation, and government service automation platform to cut processes by 50%. From a survey of 500 local and global enterprise companies, mobilizing the workforce and managing compliance were the two biggest challenges. The Middle East is experiencing a significant economic…
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Agriculture
Minister pledges sustained investment in agricultural production in FCT
Dr Mariya Mahmoud, Minister of State for the Federal Capital Territory (FCT), has pledged the FCT administration’s commitment to sustain investment in agricultural production in the territory. Mahamoud said this at the inauguration of disbursement of grants to beneficiaries of the 4th batch of the FCT Fadama Covid-19 Action Recovery and Economic Stimulus (CARES) Programme, on Thursday in Gwagwalada. She…
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Featured
APM Capital marks Emirati Women’s Day celebrations highlighting Financial Inclusion for Women and ESG
Illuminates the path to financial empowerment for women with a ‘Women in Finance’ panel discussion on challenges faced and investment opportunities Key Highlights: Only 7.5% of women in the MENA region have a high level of investment education, yet 62% want to be more active investors, showing a strong desire to improve their financial skills. Emirati women own 128,000 SME businesses,…
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Featured
Minister harps on importance of long term youth investment
The Minister of Youth Development, Dr Jamila Ibrahim, says the ministry will collaborate with state commissioners to promote long-term youth investment initiatives. Ibrahim made this known on Friday in Abuja during a consultative meeting with commissioners of youth development from the 36 states of the federation and the Federal CapitalTerritory(FCT). Ibrahim, who said there is need for synergy and alignment…
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Featured
Sri Lanka initiates formulation of 1st climate-smart agriculture investment plan
Sri Lanka has commenced the formulation of its first climate-smart agriculture (CSA) investment plan, in a bid to combat the escalating challenges posed by climate change. This is according to a statement from the Food and Agriculture Organisation of the United Nations (FAO) as released on Tuesday. The initiative is funded by the Green Climate Fund (GCF) and implemented by…
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Featured
Ododo pledges to boost healthcare investment in Kogi
The Kogi Governor, Alhaji Usman Ododo, has pledged to heavily invest in healthcare services for the wellbeing of citizens of the state. Ododo made the pledge on Monday while addressing members of the Nigeria Medical Association (NMA) and other healthcare professionals in Lokoja, after the conclusion of a three-day medical outreach in the state. The governor said that his commitment…
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Entertainment
Nigeria’s tourism, hospitality sector poised for substantial investment – Minister
The Minister of Tourism, Mrs Lola Ade-John, says Nigeria is a goldmine of untapped tourism and hospitality potential, poised for substantial investment. Ade-John said this on Thursday, during a two-day hospitality business summit organised by Vertiline Synergy Ltd., in Lagos. The theme of the summit is: “Investing in Africa: Navigating Opportunities and Challenges in Hospitality Development”. The minister was represented…
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Featured
Tinubu approves management unit for health sector renewal investment initiative
President Bola Tinubu has approved the establishment of the Sector-wide Coordinating Office-Programme Management Unit (SCO-PMU) domiciled in the Office of the Coordinating Minister of Health and Social Welfare. A statement on Friday by his spokesman, Chief Ajuri Ngelale, said the unit would ensure efficient, transparent and accountable management of external grants mobilised towards the implementation of the Nigeria Health Sector Renewal…
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Featured
Reps to amend obsolete laws to attract local, foreign investment
The House of Representatives Committee on Monitoring, Evaluation and Implementation of Legislative Agenda says the house is amending obsolete laws to attract local and foreign investments in the country. The Chairman of the committee, Rep. Patrick Umoh (APC-Akwa Ibom), who addressed newsmen on Friday in Abuja, said that there was a compelling need for diversification. He said that the focus…
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Featured
Moody’s Fully Acquires GCR Ratings, Deepening Presence in Africa’s Domestic Credit Markets
Moody’s Corporation (NYSE:MCO) announced today that it has fully acquired Global Credit Rating Company Limited (GCR), a leading domestic credit rating agency with operations spanning Africa. The announcement follows Moody’s 2022 acquisition of a majority stake in GCR, and expands Moody’s investment in Africa’s domestic credit markets. “GCR provides investors with crucial insights and clarity into Africa’s fast-growing domestic credit…
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economy
Industrialisation: Odu’a Investment, Nigerian Philanthropy Office conclude to sign MoU
Odu’a Investment Company Ltd., (OICL) and the Nigerian Philanthropy Office have concluded plans to sign a Memorandum of Understanding (MoU) to provide grants to spur industrialisation in the South-West Zone. Chief Bimbo Ashiru, Group Chairman, Odua Investment Company Ltd., confirmed this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos. Ashiru spoke on the sidelines…
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Featured
FG signs MoU with stakeholders on investment in bioethanol production in Ekiti
The Federal Government, on Wednesday partnered with Montserrado Investments Ltd. and the Federal Institute of Industrial Research (FIRRO) Oshodi on investment in bioethanol production in Ekiti Chief Uche Nnaji, Minister of Innovation, Science and Technology, signed a Memorandum of Understanding (MoU) with Montserrado Investments Ltd. and FIRRO in Abuja. Nnaji said the collaboration was a significant milestone in a shared…
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economy
Foreign investment: EU-Nigeria trade hit €35bn in 2023 -Envoy
The European Union (EU), says it remains Nigeria’s largest trading partner, with a total trade of almost €35 billion in 2023, accounting for about one-third of Nigeria’s foreign investment. Ms Samuela Isopi, the European Union Ambassador to Nigeria and ECOWAS, made this known on Tuesday in Abuja, at the 9th Edition of the Nigeria-EU Business Forum 2024. The News Agency…
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Featured
Investment in country’s health sector critical, says Obi
The Labour Party Presidential Candidate in the 2023 General Elections, Mr Peter Obi, says investment in the coutry’s health sector remains “critical”. Obi said this on Saturday, when he paid a solidarity visit to Holy Rosary College of Nursing, Emekuku, near Owerri. He said that with an average life expectancy put at 55 years, Nigerians need holistic investment in its…
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Featured
ECOWAS investment promotion facilitation ‘ll drive economic growth —Experts
The Association of Investment Promotion Agencies of West African States (IPAWAS) says ECOWAS’ facilitation of the resuscitation of its hitherto moribund statute will engender sub-regional investment promotion and drive economic growth. Members of the technical committee of the association made this known in separate interviews with the News Agency of Nigeria (NAN) at the end of a collaborative meeting on…
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Featured
FG moves to boost asset management, investment prospects
The Ministry of Finance Incorporated (MOFI) and the Bureau of Public Enterprises (BPE), on Tuesday entered into partnership to bolster the Federal Government’s asset management and investment prospects. The News Agency of Nigeria (NAN) reports that the signing of the agreement was witnessed by the Deputy Chief of Staff to the President (Office of the Vice President), Sen. Ibrahim Hadejia,…
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