By Ayomide Otitoju The Arab Coordination Group (ACG) convened its periodic technical meeting of Heads of Operations on December 8–9, 2025, in Riyadh, Saudi Arabia, to review progress on joint initiatives and deepen cooperation on development projects across member and partner countries. Hosted by the Arab Gulf Programme for Development (AGFUND), the meeting brought together…
By Ayomide Otitoju The African Development Bank (AfDB) has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen developer, to advance a landmark green ammonia project valued at more than $10 billion. The initiative is expected to position Namibia as a frontrunner in the global green hydrogen market. The funding, drawn…
By Ayomide Otitoju Afreximbank has underscored the pivotal role of factoring and supply chain finance (SCF) in narrowing Africa’s vast Small and Medium Enterprises (SMEs) financing gap and strengthening value chains across the continent. Speaking at Afreximbank’s annual Factoring Workshop in Abidjan, Côte d’Ivoire, Mrs. Kanayo Awani, Executive Vice President for Intra-African Trade and Export…
By Ayomide Otitoju Aliko Dangote, Chairman of the Dangote Group, has announced a $700 million commitment by the Dangote Foundation to support the education of Nigerians over the next decade. Speaking on Sunday at the 2025 Doha Forum in Qatar, the billionaire industrialist said the initiative aims to benefit more than 155,000 students across secondary…
By Ayomide Otitoju Anambra State Governor, Prof. Chukwuma Charles Soludo, CFR, has restated his administration’s commitment to modernising aviation infrastructure across the state, as he commissioned a new Protocol Lounge at the Chinụa Achebe International Airport, Umueri. Speaking at the event, Governor Soludo described the new facility as part of a broader, multi-phased plan to…
By Ayomide Otitoju Nicolas Pompigne-Mognard, Founder and Chairman of the award-winning pan-African communications consultancy APO Group, has been appointed as a Council Member of the Africa No Filter Foundation, a Mauritius-incorporated non-profit organisation dedicated to reshaping Africa’s global narrative. Africa No Filter, led by Executive Director Moky Makura, challenges stereotypical portrayals of Africa through storytelling…
By Ayomide Otitoju The African Development Bank Group (AfDB) and the Pan African Federation of Accountants (PAFA) have launched a $5.2 million institutional support project to tackle the shortage of qualified public sector accountants and auditors across Africa. The launch took place on 26 November at The South African Institute of Professional Accountants (SAIPA) House…
By Ayomide Otitoju The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has backed a €132.5 million financing arranged by Standard Chartered for Joint-Stock Company “O’zbekiston Metallurgiya Kombinat” (Uzmetkombinat), Uzbekistan’s largest steel producer. The funding, supported by ICIEC’s sovereign…
By Ayomide Otitoju The African Development Bank Group (AfDB) has approved a $159.50 million loan to the Democratic Republic of Congo (DRC) to enhance connectivity to the Ngandajika Agro-Industrial Park, opening up the country’s central region to trade and economic development. The total project cost is $177.16 million, with the Congolese government providing co-financing. The…
