INVESTMENT

British International Investment, the UK’s development finance institution and impact investor, announced today that it had committed £1.09 billion to African companies in 2024 to create jobs, reduce aid dependency and combat the climate emergency. The sum was nearly 40 per cent more than its 2023 total of £725 million,...

The ECOWAS Bank for Investment and Development (EBID) has approved $100 million in funding for the construction of a 47.7-kilometre stretch of Nigeria’s Lagos-Calabar Coastal Highway. This segment, designated as Section 1, Phase 1 of the project, starts from Ahmadu Bello Way in Lagos. Construction began in March 2024 and is...

The Public Investment Corporation (PIC) and British International Investment (BII) have signed a Memorandum of Understanding (MoU) to accelerate collaboration in investments across the African continent. The agreement between one of Africa’s largest asset managers and the UK’s development finance institution and impact investor, establishes a framework for the PIC...

Osun State Government on Tuesday unveiled its Climate-smart Investment Portfolio at the first-ever South-west Post-conference Stakeholders’ Roundtable on Renewable Energy, tagged, "From Vision to Action: Localizing Nigeria's Renewable Energy Legislative Agenda". Speaking on behalf of Governor Adeleke at Oasis Events And Conference Centre, Osogbo, the Deputy Governor, Prince Kola Adewusi...

Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has announced a landmark partnership with Sterling Bank to launch a bold new debt funding model to unlock growth for Africa’s most promising ventures. Backed by a $2 million Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt...

Nigeria’s Securities and Exchange Commission (SEC) said its attention has been drawn to the activities of an online platform known as TOFRO.COM (Tofro), “which holds itself out as a cryptocurrency trading platform”. As a result, the SEC has informed the public that the Tofro is Not Registered by the Commission...

The conference features keynote speeches by Dr Jumoke Oduwole MFR, Honourable Minister of the Federal Ministry of Industry, Trade and Investment, Nigeria and Aliko Dangote GCON, Founder and CEO of Dangote Industries. Returning to Nigeria after 11 years, the conference highlights the country's position as a leading hub for investment,...

Strategic merger combines AVCA’s research and convening power with PEVCA’s deep local networks to support fund managers and investors. The merger connects international finance and domestic finance - deepening the financial sector in Nigeria and West African markets. Anna Evi-Parker, Executive Secretary of PEVCA, to join AVCA’s senior leadership team...

Governor Ademola Adeleke has continued his investment drive for Osun state in London with landmark engagements with the British Museum for cultural industry partnership and linkage between Osun and UK businesses at an investment conference of Nigeria-British Chamber of Commerce and Industry. At the high profile gathering on Thursday attended...

Oyo State governor, 'Seyi Makinde, has expressed his administration's readiness to partner with the United States of America to explore opportunities in solid minerals development, agribusiness, education and other investment opportunities that will benefit both parties. The governor stated this on Wednesday, when a delegation from the United States Consul-General,...