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Business

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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AfDB, India to Boost Africa Relations

The President of the African Development Bank Group (AfDB), Akinwumi Adesina, arrived in New Delhi on Thursday, March 30, 2017, to begin a four-day official visit to India aimed at improving relations between the Bank and India, and the country’s ties with Africa.

Adesina and members of the delegation were received at New Delhi’s Indira Gandhi International Airport by senior Indian Government officials lead by Rishikesh Singh, Director, Multilateral Institutions Division, Department of Economic Affairs, Ministry of Finance; and the Dean of African Diplomatic Corps in India, Ambassador Alem Tsesaye Woldemariam of the State of Eritrea.

They were to attend a meeting with the African Diplomatic Corps in India during the day followed by a dinner hosted by the Export-Import Bank of India (EXIM Bank) later in the evening.

During the visit, Adesina and his team are expected to hold bilateral talks with Prime Minister Narendra Modi and Finance Minister Arun Jaitley on how to strengthen cooperation between the Bank and India. The parties will also discuss the forthcoming Annual Meetings of the Bank Group to be held in Ahmedabad in the State of Gujarat from May 22-26, 2017.

The visitors will attend an interactive session on the Bank’s High 5 development priorities, confer with the Managing Director of the Export-Import Bank of India at the India EXIM Bank Regional Office, and participate in the opening ceremony of the 2nd Annual Meeting of the New Development Bank (NDB) set up by the BRICS countries (Brazil, Russia, India, China and South Africa) for infrastructure development.

Adesina and his team flew to Ahmedabad on April 2 to assess the state of readiness of the Mahatma Mandir Conference Centre in Gandhinagar, which is the capital of Gujarat State and the main venue of the 2017 Annual Meetings.

This will be followed by a tour of Toran Gandhi Ashram, home of India’s pre-eminent independence leader, Mahatma Gandhi.

The visit will close with a press conference to be addressed by Adesina and by the Chief Minister of Gujarat State, Vijay Rupani.

India, a key member of the 24 non-regional member countries of the Bank Group, joined the African Development Fund (ADF), the concessional arm of the AfDB in 1982, and the African Development Bank a year later.

Members of the AfDB delegation include the Executive Director for Finland, Norway and India, Karine Isaksson; the Secretary-General, Vincent Nmehielle; Nnenna Nwabufo, Deputy Director General, East Africa Regional Development and Business Delivery Office; and Kapil Kapoor, Director, Strategy, among others.

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Topics

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JUMIA Seeks Better Infrastructure for e-Commerce in Africa

Francis Dufay, the Managing Director of JUMIA Côte d’Ivoire has called for better infrastructure to foster rapid and sustainable growth of the e-commerce sector in Africa. He said Côte d’Ivoire "has the basics of the different types of infrastructure" needed for e-commerce and "the challenge remains to improve each of these elements." E-commerce is based on four key infrastructures: Internet, logistics, payment and the legal framework. Although JUMIA managed to transcend the limitations inherent to each type of infrastructure, allowing it to route some 2,000 parcels daily, several points would benefit from qualitative evolutions; including: Logistics with a need for; better roads, 3PL offering the highest quality of service at competitive prices and a more comprehensive addressing system. Payment; where the widespread adoption of cashless payment methods such as mobile money for which JUMIA enjoys the expert support of MTN, should be encouraged. The regulatory and organisational framework could benefit from more education for stakeholders for a better understanding of contractual implications. And internet, whose penetration estimated at 8 million people in Côte d'Ivoire, remains curtailed.
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