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AFDB COMMITS $210M TO NIGERIA’s AGRO-PROCESSING ZONES

The African Development Bank says it is providing US$210 million for the development of the Special Agro-Industrial Processing Zones program in Nigeria. AfDB’s President, Akinwumi Adesina, disclosed this in his virtual address at the inauguration of the SAPZ program on Monday in Abuja. SAP program, inaugurated by Vice President Yemi Osinbajo, is a government-enabled and […]

BUARI LAUNCHES SPECIAL AGRO-PROCESSING ZONES IN 8 STATES

WITH a resolve to diversify the economy from oil and gas dependence, President Muhammadu Buhari, Monday, launched the long-awaited Special Agro-Processing Zones Programme, SAPZ, in seven States and the Federal Capital Territory, FCT. Buhari who was represented by Vice President, Prof Yemi Osinbajo described the SAPZ as a game-changer, as it would give a boost […]

THE AFRICAN DEVELOPMENT BANK GROUP’S $140,000 AGRIPITCH COMPETITION INVITES YOUTH AGRIPRENEURE TO A VIRTUAL INFORMATION SESSION ON HOW TO WIN SEED FUNDING AND TRAINING

The African Development Bank will host an online seminar to encourage African young entrepreneurs in the agriculture sector – or “agripreneurs” – to enter the Bank’s AgriPitch competition. AgriPitch is a platform where the continent’s top agripreneurs vie for a share of $140,000 in seed funding prizes, a slot in the competition’s business development boot […]

AFRICAN DEVELOPMENT BANK’S AFAWA INITIATIVE ASKS BUSINESS ENABLERS TO APPLY FOR A SECOND ROUND OF FUNDING TO SUPPORT AFRICA’S WOMEN-LED BUSINESSES.

The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative is launching its second call for proposals for the Women Entrepreneurship Enablers program, targeting women’s business associations, incubators, accelerators, women-led cooperatives, and civil society organizations that promote the development of women entrepreneurs on the continent. AFAWA is offering grants of up […]

NAIRA GAINS MARGINALLY, EXCHANGE AR 441.25 TO DOLLAR

The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at N441.25. The figure represented an increase of 0.03 percent compared with the N441.38 it exchanged for the dollar before the close of business on Oct. 14. The open indicative rate closed at N439.63 to the dollar on Monday. […]

HIGH QUALITY CASSAVA INCLUSION IN BREAD WILL SAVE NIGERIA $2B YEARLY

• As ICSAN, FIIRO train 100 bakers, confectioners The inclusion of cassava flour in the production of bread, in addition to price reduction, is capable of saving the country at least $2b yearly.   The President of the Industrial Cassava Stakeholders Association of Nigeria (ICSAN), Mr. Segun Ladele, disclosed this at a one-day training/workshop on the demonstration […]