Growth & Insight Archives - Inside Business Africa

Dec182021 by Joshua OlotuNo Comments

Christmas Carol: Sanwo-Olu’S Wife Preaches Love, Service to Humanity

Wife of Lagos State Governor, Dr. Ibijoke Sanwo-Olu on Thursday, urged Nigerians to imbibe the culture of love and service to humanity, saying that is the only way to ensure peace among all people. The Governor’s wife, who spoke at the 15th edition of the Christmas Carol of Nine Lessons held at the Lagos House, Alausa, Ikeja, said love and humanity are the basic ways to emulate the attributes of Jesus Christ, who is the essence of the Christmas season. Her words: “Jesus came to the world so that mankind will not perish and there is no better way to demonstrate love other than this. I urge all Christians not to lose track of the essence of Christmas but should instead, imbibe and sustain the virtue of true love for each other”. “This is a time for us to be reminded of the need to ...

Nov232021 by Joshua OlotuNo Comments

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...

Jul192021 by Joshua OlotuNo Comments

Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say

Business, Growth & Insight, Health

The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership (https://bit.ly/3rgmnDG) affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar, India External Affairs Minister said the two sides must reinforce collaboration in public health, digital delivery, capacity building, and the green economy - “our goals must be to use these new tools and practices for better delivery on the ground.” “India has always maintained that progress in the world is contingent on the development of the global south, nowhere is that more evident than in Africa, and that is ...

Jul152021 by Joshua OlotuNo Comments

African Development Bank, partners, renew commitment to end child stunting in Africa

Agriculture, Growth & Insight

Urging unity and action to accelerate nutrition targets amid the global Covid-19 pandemic, representatives of the African Development Bank (www.AfDB.org), the Aliko Dangote Foundation and Big Win Philanthropy renewed their commitment to end child stunting and other forms of malnutrition through the Banking on Nutrition Partnership (https://bit.ly/3wEhp4H). The partners convened during a high-level panel discussion held on 8 July, organized by the African Development Bank. They shared lessons learned, experiences, achievements of the Banking on Nutrition Partnership since its inception five years ago. They also discussed its implementation within the African Development Bank and its Multi-Sectoral Nutrition Action Plan, as well as measures to encourage other organizations and developmen...

Jul82021 by Joshua OlotuNo Comments

African Development Fund extends $83.6 million in grants to boost Ethiopia-Djibouti electricity trade

Agriculture, Business, Growth & Insight, Innovation

The Board of Directors of the African Development Bank Group (AfDB.org) has approved two grants worth $83.6 million to boost cross-border trade in electricity between Ethiopia and Djibouti and to deepen integration in the Horn of Africa sub-region. The funds comprise a $69.65 million grant to Ethiopia and a second grant of $13.93 million to Djibouti, both sourced from the African Development Fund, the African Development Bank’s concessional financing window. The Ethiopia–Djibouti Second Power Interconnection project will entail the construction of nearly 300 km of interconnector line, 170 km of transmission lines, and new construction or renovation of substations in the two countries. The project is aligned with the Bank’s East African Regional Integration Strategy Paper, which s...

Jul32021 by Joshua OlotuNo Comments

Ugandan entrepreneur turns landfill sites into money making venture

Growth & Insight, Innovation

A Ugandan environmentalist has found a novel way to reduce plastic waste in his country. He collects discarded bags and bottles and upcycles them into new products, such as tables and fence poles. In the neighborhood of Nsambya, a landfill site is an ugly spot on the landscape. But it's also a source for an emerging business. An environmental entrepreneur has setup a collection point near here, determined to turn discarded polythene bags and single-use bottles into something useful. Gerald Ndashimye is the founder of Eco Ways Uganda and has established collection points in various parts of his country, including Kampala, Wakiso and Mukono, as well as other major towns. And there's plenty of plastic to gather, he says. "In Kampala alone, we have 350 metric tons of waste, solid waste, that ...

Jun32021 by Joshua OlotuNo Comments

World Food Programme (WFP) provides food to thousands displaced from Goma after Volcano eruption

Growth & Insight, Innovation

The United Nations World Food Programme has started providing emergency food rations to people displaced from their homes in Goma by the sudden eruption of Nyiragongo volcano on 22 May. WFP and partners have so far delivered food to some 43,000 displaced people in Sake, Minova and Rutshuru, towns close to Goma that have seen an influx of people fleeing their homes. Thousands of displaced people remain scattered across the region amid warnings of further eruptions. Those who have had to flee their homes have been receiving 10-day rations of flour, pulses, oil and salt. WFP is very concerned about the food and nutrition situation of the people forced out of their homes; we are providing them with the food assistance they need in this crisis “People are feeling helpl...

Jun12021 by Joshua OlotuNo Comments

TECNO renews partnership with UNHCR to support primary education in Africa for refugees

Economy, Growth & Insight

Premium smartphone brand TECNO (www.TECNO-Mobile.com) today announced the renewal of its partnership with UNHCR, the UN Refugee Agency, to support UNHCR’s global program in primary education, Educate A Child (EAC). The partnership aims to support the improvement of refugee children’s education in Africa, ensuring refugee children’s right to education and ultimately contribute to equal access to education for all. In 2020, the COVID-19 pandemic devastated the learning conditions of refugee children, causing school closures in Africa over the school year. By contributing financially to the EAC program, TECNO’s support has benefited children in Kenya’s Dadaab camp by providing them with textbooks and school kits. In addition, TECNO donated tablets to support continued learning of refu...

Apr302021 by Joshua OlotuNo Comments

Ethiopia: African Development Fund provides $31.2 million to boost nutrition and end child stunting

Growth & Insight

The Board of Directors of the African Development Fund has approved a grant of $31.2 million to the Government of Ethiopia to increase access to multi-sectoral nutritional services for children under-five years, by boosting access to services for improved health, a more diverse and nutritious food, and improving knowledge, attitude and practices on feeding, care and hygiene. The Multi-sectoral Approach for Stunting Reduction Project (MASReP) will target forty districts or woredas in the country’s Amhara and Tigray regions. The project, with a total cost of $48 million, has three programmatic components: climate-proofed infrastructure development for effective service delivery; livelihood support, production and promotion of nutritious foods; and strengthening institutional systems...

Apr232021 by Joshua OlotuNo Comments

BoI to tackle youth unemployment with tech hubs

Growth & Insight, Technology

Worried about the high level of youth unemployment currently estimated at 33.3 per cent, the Bank of Industry (BoI) has announced plans to establish tech hubs to address the challenge. The bank stated it would be sponsoring tech hubs in recognition of the talented youths in universities and the need to channel youths to more productive and impactful initiatives rather than social vices. The Managing Director, BOI, Olukayode Pitan, stated this at the BOI-Unilag Incubation and Co-working Hub opening and commissioning in the University of Lagos. The BoI boss stated that remains committed to providing funding to support credible and bankable ideas that emerge from the tech hubs to enable them to start operations and scale into viable businesses. He said embracing technology an...