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AfDB Unveils African Pharmaceutical Technology Foundation (APTF)

The African Development Bank Group (AfDB) has formally introduced its new initiative, the African Pharmaceutical Technology Foundation (APTF), in collaboration with the African Union to boost Africa’s capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build the continent’s pharmaceutical sector. The APTF was the focus of a forum […]

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AfDB Board Approves $20Mn For SSA’s Renewable Energy Projects

The Board of Directors of the African Development Bank (AfDB) Group has approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period. Inspired Evolution Investment Management […]

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LAWMA Hikes Waste Disposal Tariff By 100%, As Lagosians Flaw Decision

Lagos State Waste Management Authority (LAWMA) has increased the tariff charges for waste disposal by 100% in the state, attributing the hike to increase in diesel price and devaluation of the Nigerian currency. The latest hike in waste disposal was conveyed in letters sent to residents of the states on Monday by the third-party company […]

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Africa Needs $127Bn Yearly For Climate Change Financing Gap – Adesina

The President of African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has projected that Africa would require between $100 billion to $127 billion yearly between now and  year 2030 to bridge climate change financing gap in the continent. The AfDB President, who gave these figures on Monday in his paper delivered at the Africa Climate […]

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NSIA Reports N153.56Bn Profit Amid Global Investment Climate Uncertainties

Despite uncertainties in the global investment space and sundry fiscal constraints in the domestic environment, the Nigerian Sovereign Investment Authority (NSIA) has reported N153.56bn profit in the 2021 financial year. Despite the increasingly volatile global investment climate,  the NSIA which was set up by the Federal Government in 2012 to manage Nigeria’s Sovereign Wealth Fund, […]

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Functional healthcare system key to Nigeria’s socio-economic devt – Osinbajo

The Vice President, Prof. Yemi Osinbajo, has said that quality and affordable healthcare are central to Nigeria’s socio-economic development. The Vice President, this remark at the inauguration of the Health Sector Reform Committee recently. Osinbajo noted that “a society is probably only as prosperous, developed and happy as its healthcare system which is central to […]

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AfDB Approves $10Mn To Enhance Liberia’s Climate Information Systems

The Board of Directors of the African Development Bank (AfDB) has approved a $10 million grant from the Green Climate Fund, for which the Bank is the accredited agency, to improve Liberia’s early warning weather systems. In addition to the grant, the project will also receive $431,969 from the Bank’s ClimDev Africa Special Fund and […]

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UAE Lifts Entry Restrictions On Nigeria, Kenya, South Africa

The United Arab Emirates (UAE) on Wednesday indicated its readiness to lift its entry and transit ban on travellers who had recently visited South Africa, Kenya, Nigeria, Ethiopia and eight other African countries. Other countries to be affected by the lifting include, Tanzania, Republic of Congo, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe. The country’s […]

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NAFDAC Bans Sachet Alcoholic Drinks’ Registration

The National Agency for Food and Drug Administration and Control (NAFDAC) has banned the registration of alcohol drinks in sachets, small volume PET and glass bottles below 200ml. A statement signed by the agency’s Director General, Prof Mojisola Adeyeye, on the ban indicated that “the registration of new alcoholic drinks in sachets and small volume […]

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Underwriters Believe Some Climate Risks Will Be Uninsurable – Researcher

Results from a new study by AXA, one of the global one of the world leading insurance and asset management groups serving over 100 million clients, indicated that 60% of risk managers fear that certain geographies or activities will become uninsurable in future due to the impact of climate change. AXA, in its latest its […]