Nigeria secures $428 million German investment deal as Europe deepens Africa energy push
The agreement, signed in Abuja on Thursday, includes a €65 million commitment for financial and technical cooperation, alongside a €300 million export credit guarantee framework designed to support long-term investments and trade projects in Nigeria. Using the current Forbes currency converter rate of €1 to $1.17, the total package is worth roughly $428 million
BOI Signs $170 Million iDICE Fund Deal to Expand Financing for Nigerian –
The Bank of Industry (BOI) has signed a $170.06 million Fund of Funds management agreement with Kuramo Capital Management under the Federal Government’s Investment in Digital and Creative Enterprises (iDICE) Programme, marking a major step toward increasing access to funding for startups and high-growth businesses in Nigeria
Google bets bigger on Africa with $1 million AI programme for content creators after surpassing $1 billion investment target
The Alphabet-owned company announced the milestone on Wednesday at its first Africa Cloud Summit in Johannesburg, where it unveiled new projects aimed at improving internet capacity, digital skills, AI development and startup growth
World Bank-backed programme to release $27 million in performance incentives to Nigeria
The announcement was made on Tuesday in Abuja by the programme’s National Coordinator, Dr Assad Hassan, during a retreat attended by commissioners, permanent secretaries and directors of budget and planning from Nigeria’s 36 states and the Federal Capital Territory
SMEDAN Launches ₦500 Million Zero-Interest Fund to Support Nigerian MSMEs –
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled a N500 million zero-interest Grow Fund to improve access to affordable financing for Micro, Small and Medium Enterprises (MSMEs) across the country