Seven Nigerian clean energy start-up ventures will each receive a $10,000 grant award at the end of the 2021 Enterprise Development Program (EDP), having emerged as winners with the most innovative concepts. The winners are: Brigter, Kodar Embedded Technologies, Osomobegbe Global Ventures (OGV), Renerworld Global, Rural LightsUp Energy, Switch Solar, and Solconomy. The EDP is […]
Lekoil Nigeria Makes Big Comeback, Presents Shareholders New Deal Lekoil Nigeria Limited, a frontline Nigerian oil firm has demonstrated its resolve to recover control of all lost assets including the stakes in Lekoil (Cayman) Limited. As a sequel to its announcement on December 3, 2021, Lekoil Nigeria has today written to shareholders of Lekoil Limited,
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Largest gender-inclusive private equity fund in Africa; 2X Flagship fund applying the 2X Challenge criteria; Boosting diversity across Africa. The management of Alitheia IDF (AIF), Africa’s first women-led and women-focused private equity fund, has announced the final close of the $100 million fund with European Investment Bank (EIB) joining as the closing investor with $24.6
COVID-19: Confirmed cases hit 216,451 in Nigeria — NCDC By Eyo Nsima The confirmed cases of coronavirus pandemic cases have risen to 216,451 in Nigeria, according to the Nigeria Centre for Disease Control, NCDC. It stated: “On the 10th of December 2021, 533 new confirmed cases were recorded in Nigeria. To date, 216451 cases have
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For the fourth consecutive year, Uganda’s electricity sector is Africa’s best regulated across a number of key metrics, according to the African Development Bank’s 2021 Electricity Regulatory Index. Other strong performers include East African neighbours, Kenya and Tanzania, as well as Namibia and Egypt. The 2021 Electricity Regulatory Index, an annual report, covered 43 countries,
By Michael Olawale-Cole The discovery of the Omicron variant of the COVID-19 virus in late November reawakened the concerns of many nations about possible spikes in infection and death rates. Many governments have reacted differently in managing the likely spread of Omicron infections. Travel bans have been imposed on outbound travelers from Nigeria by some
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After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon. With this transaction, in an amount of $350 million before final adjustment, TotalEnergies EP Gabon is divesting its interests
By Eyo Nsima TotalEnergies and Plastic Omnium have signed a strategic partnership that will see them join forces to design and develop new plastic materials, made from recycled polypropylene, which meet the demanding aesthetic and safety standards that apply to the automotive industry. TotalEnergies and Plastic Omnium will pool their innovation and engineering skills to
Canon broke new ground with the launch of the Cinema EOS System bringing to market its first Full HD digital cinema camera and dedicated camera lenses Access Multimedia Content Canon celebrates the 10th anniversary of its renowned Cinema EOS line-up, praised by filmmakers including Jimmy Chin, Director and Producer of the Academy Award winning documentary
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The KnowBe4 and ITWeb Ransomware Survey took a deep look into the South African organisation, finding that ransomware and cybercrime are increasingly impacting organisations on the continent. While many companies (32%) were attacked in 2021, some multiple times (12%), 64% of organisations believe they are prepared, and 67% would not pay the ransom. According to
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