Nigeria’s health-tech startup, Remedial Health, has raised $12 million in Series A funding, comprising $8 million equity and $4 million debt. The company disclosed that the fund would be deployed to scale up its operations in Nigeria, facilitate the delivery of targeted financial services and support its beneficiaries in the pharmaceutical sector. Similarly, Remedial Health, […]
The Chairman of Heirs Holdings, Mr. Tony Elumelu, has urged investors in climate finance for energy in Africa to commit investments to a mix of on and off-grid solutions in order to achieve affordable, reliable, and accessible green energy in Africa. The renowned banker and leading hospitality and tourism investor made this remark at a […]
ZINOX Technologies Limited, a leading integrated technology firm, has unveiled plans to invest over $250,000,000 in renewable energy projects as part of its supportive initiatives to current drives towards cleaner energy in Nigeria and other African countries. The investment plans for implementation by the technology firm in collaboration with some renewable energy companies in China, […]
The International Monetary Fund (IMF) has announced a new $41 billion under its Resilience and Sustainability Trust (RST) to support developing countries in their current drives towards mitigating climate threats through green projects. The IMF Managing Director, Kristalina Georgieva, made this disclosure during one of her presentations at the New Global Financial Pact Summit in […]
The International Energy Agency (IEA) has charged governments worldwide, particularly African governments, to prioritize their strategies beyond policy measures to strengthen clean energy technology manufacturing as the drive towards cleaner environment continues to gain momentum globally. This recommendation was contained in the recently published ‘State of Clean Technology Manufacturing’ report by the global agency. In […]
The World Bank has rated Nigeria and five other countries as currently well-positioned for the implementation of carbon taxes in order to consolidate on the modest achievements recorded by the affected countries on their zero-carbon gas emission drive agenda. Carbon tax is a fiscal policy tool used by governments to levy fees on covered entities […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued seven new regulations to guide operators in Nigeria’s oil and gas industry. The commission’s Chief Executive Officer, Engr. Gbenga Komolafe, who disclosed this in a statement issued on Thursday, clarified that the seven new regulations were aimed at creating a regulatory environment that assures efficiency, predictability, […]
…..analysts forecast $382bn spending on solar in 2023 The International Energy Agency (IEA) has predicted that investment in clean energy will extend its lead over spending on fossil fuels this year, with solar projects expected to surpass funding commitments on oil production for the first time. The Paris-based energy industry watchdog made this projection […]
The United Nations Environment Programme (UNEP) has harped on a “fundamental and urgent” need for collaboration with the global insurance industry to successfully tackle the climate emergency. The agency’s call came amid concerns about major re-insurers withdrawal from the global Net-Zero Insurance Alliance (NZIA). Earlier this week, another leading re-insurance the Swiss Re, announced its […]
The National Action on Sugar Reduction (NASR), a coalition of non-governmental organisations advocating for policy measures to curb health challenges in consuming sugar-sweetened beverages, has urged the Federal Government to increase tax on sugar beverages from N10 to N30. A representative of the group, Mr. Edozie Chukwuma, was quoted by the News Agency of Nigeria […]