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Liquid Intelligent Technologies launches Microsoft Teams Essential, the most affordable collaboration platform targeting small businesses

Liquid Intelligent Technologies launches Microsoft Teams Essential, the most affordable collaboration platform targeting small businesses

Business, Corporate Stories, Innovation
Liquid Intelligent Technologies (Liquid.Tech), a business of Cassava Technologies, a pan-African technology group, is proud to be the launch partner for the new Microsoft Teams Essential offering. A solution that brings the Teams collaboration platform into an affordable package targeting small, medium and micro-enterprises across the continent. The new offering maximises value while minimising costs for businesses by centralising onto a single platform their collaboration tools at less the cost of a full Microsoft Suite With around seventy-three per cent of workers around the globe affirming that they prefer flexible remote work options, hybrid work will inevitably be the norm going forward. Teams Essentials expands on the success of Microsoft Teams by providing an afforda...
African Energy Chamber (AEC) Congratulates Congolese Oil Minister H.E. Bruno Itoua on OPEC Rotating Presidency, as Africa Commands Global Energy Stage

African Energy Chamber (AEC) Congratulates Congolese Oil Minister H.E. Bruno Itoua on OPEC Rotating Presidency, as Africa Commands Global Energy Stage

Business, Corporate Stories, Economy
Minister of Hydrocarbons of the Republic of the Congo, H.E. Bruno Jean-Richard Itoua, has taken over the rotating chairmanship of the Organization of Petroleum Exporting Countries (OPEC) for 2022, in a move that will grant African oil producers a stronger voice within the Organization and global energy sector at-large. The African Energy Chamber (AEC) (EnergyChamber.org) extends its sincerest congratulations to H.E. Minister Itoua for this achievement and expresses confidence in his forthcoming leadership.  The Republic of the Congo assumes the position from Angola, who held the rotating presidency in 2021. Meanwhile, Minister of Mines and Hydrocarbons of Equatorial Guinea, H.E. Gabriel Mbaga Obiang Lima, has been appointed as alternate president. The announcement follows bila...
African Development Bank Group Board approves a $35 million facility for Ecobank International affiliates, EBI SA trade finance activities in Africa

African Development Bank Group Board approves a $35 million facility for Ecobank International affiliates, EBI SA trade finance activities in Africa

Business, Corporate Stories, Economy
The Board of Directors of the African Development Bank (AfDB.org) on 19 November 2021 approved a $35 million unfunded risk-sharing facility to support the trade finance activities in Africa of Ecobank International affiliates, EBI SA. Stefan Nalletamby, Director for Financial Sector Development at the African Development Bank, said the renewal of the partnership with Ecobank comes at a time when most African issuing banks are battling with the negative impact of the Covid-19 pandemic. We are happy about this new facility with Ecobank as it offers the flexible use of the Bank Group’s strong AAA-rated risk-bearing capacity “Institutions are facing severe constraints in obtaining adequate facilities from international banks to support African small businesses and local corporates in...
Celebration of Constitution Day 2021

Celebration of Constitution Day 2021

Business, Economy
The High Commission of India, Abuja celebrated Constitution Day of India on 26 November 2021 to commemorate the adoption of the Constitution on 26 November 1949. The event was combined with the celebrations of Mahaparinirvan Diwas and Communal Harmony Week under“Azadi ka Amrit Mahotsava”, an initiative of the Government of India to celebrate and commemorate 75 years of progressive India and the glorious history of its people, culture and achievement. The event was very well attended with the presence of a large number of distinguished guests comprising a Member of Nigerian officials, ITEC/ICCR alumni from Nigeria, members of the Indian community and friends from media. 2. Addressing the gathering the Deputy High Commissioner H.E. Mr. V.S.D.L. Surendra credited the ...
Osinbajo says FG plans to inject 10 million gas cylinders in 12 states

Osinbajo says FG plans to inject 10 million gas cylinders in 12 states

Business, Economy
Vice President Yemi Osinbajo has revealed that the Federal Government will donate 10 million LPG cylinders in a year through certified marketers in 12 pilot states. He disclosed this at the Liquefied Petroleum Gas (LPG) sensitisation under the theme: “Stimulating Delta state’s socio-economic growth through LPG adoption and expansion”, on Monday, in Asaba, Delta State, according to NAN. The programme was organised by the National LPG Expansion Implementation Plan (NLEIP) under the Office of the Vice President. He revealed that Nigeria had proven gas reserves of 260 trillion cubits feet (tcf) and unproven reserve of 600tcf, and that the country needs to maximize its use. Osinbajo said, “Nigeria is gas rich as well as oil. Unfortunately, the concentration has ...
Access Bank partners SME.NG to roll out Ebi Marketplace

Access Bank partners SME.NG to roll out Ebi Marketplace

Business, Corporate Stories, Economy
SME.NG in partnership with Access Bank Plc and other leading institutions, including the Bank of Industry (BOI), LAPO Microfinance Bank, Chapel Hill Denham, and the Impact Investment Foundation Nigeria are launching the Ebi Marketplace – a Nigerian innovation for female entrepreneurs. The Ebi Marketplace consists of an access to capital market, an e-commerce mall and a knowledge market for female entrepreneurs in Nigeria seeking to digitize their businesses. Conceptualised and developed by SME.NG as a tangible solution to the impact of COVID-19 on female entrepreneurs, the Ebi Marketplace aims to close the gender digital divide in Nigeria by supporting women’s digital literacy and financial inclusion, while providing access to capital and markets. Thelma Ekiyor, the brain behind ...
Ikeja Electric advocates sanctions against activities under power lines

Ikeja Electric advocates sanctions against activities under power lines

Business
Ikeja Electric Plc (IE), Nigeria’s largest electricity Distribution Company has cautioned members of the public to desist from erecting structures under power lines or carrying out activities and trading near electrical installation, which in effect exposes them to risk of electrocution. The DisCo noted that proximity to installations such as transformer, electric poles or power lines contravenes the extant law, therefore people in such locations should vacate those areas urgently in order to protect their lives and property. According to the Head of Quality, Health, Safety & Environment (QHSE) for Ikeja Electric (IE), Engr. Jamiu Badmos, the warning became necessary because it has been observed that such acts are perpetrated with impunity irrespective of the dangers associated ...
Standard Bank pioneers $111 million Green Loan Refinance for Actis

Standard Bank pioneers $111 million Green Loan Refinance for Actis

Business, Corporate Stories, Economy
On the 17th of November 2021, the Standard Bank Group announced the closure of a $111m Green Loan Refinancing for two of Actis’ assets in Nigeria. Since the recession in 2016, and the currency devaluation that ensued, the office and retail segments of Nigeria’s real estate market, in general, have performed relatively poorly, and the pandemic only worsened things. Most of the prime buildings in Lagos have struggled to keep occupancy and cash flows at good levels, and this has placed a need for some form of cash inflow for them to keep moving. Typically, asset refinancing happens when a business needs an injection of cash to free up working capital on its existing assets. The Standard Bank Group, who also financed The Wings Towers in Victoria Island...
Empowering Future Livelihood: Canon And VII Academy come together to launch a twelve week seminar program on Documentary and Photojournalism photography

Empowering Future Livelihood: Canon And VII Academy come together to launch a twelve week seminar program on Documentary and Photojournalism photography

Business, Corporate Stories, Economy, Innovation
As an extension of the company’s Miraisha programme (https://bit.ly/3FC2cGi) that focuses on promoting job opportunities and future livelihoods in Africa by offering extensive workshops and other educational support, through this partnership, Canon (Canon-CNA.com) seeks to empower young and aspiring African talents who are passionate about Documentary and Photojournalism storytelling through a twelve week program in association with VII Academy. The workshops will be led and tutored by world renowned photographers namely Nichole Sobecki and Stefano De Luigi.   To fortify the foundation of photojournalism, the program will impart students with necessary practical tools for production of single pictures and short photo essays suitable for publication in an editorial and digital conte...
TİKA Supports Rose Cultivation in the Algerian Sahara

TİKA Supports Rose Cultivation in the Algerian Sahara

Agriculture, Business, Growth & Insight, Innovation
  Turkish Cooperation and Coordination Agency (TİKA) built the “Rose Garden for the Martyrs of July 15” with 1000 roses in the town of El Goléa (MENIA), located in the Sahara Desert in Algeria. Next year, the foundation will be provided with the necessary equipment to produce rose-based products such as rose water, rose oil, and rose soap The Rose Garden for the Martyrs of July 15 was built on a land of 2 hectares owned by the foundation FOREM-EL GOLEA, which serves women and orphans in El Goléa. Next year, the foundation will be provided with the necessary equipment to produce rose-based products such as rose water, rose oil, and rose soap using the roses to be grown in the garden. Prof. Mostefa Khiati, President of FOREM, thanked TİKA and the Republic of Turkey for TİKA’s su...