Tullow Ghana, Invest in Africa to empower its SMEs suppliers who were affected by COVID-19

GHANA – Tullow Ghana, an oil and gas explorer and producer, has partnered with Invest in Africa (IIA) to deliver training to a number of its small and medium enterprises (SME)suppliers as part of the Access to Finance programme. The Access to Finance programme is an eight-month long programme, to be delivered in two parts, designed to equip selected suppliers with the requisite knowledge, skills and support to effectively engage with financial institutions in the areas of refinancing, restructuring of existing funding arrangement to improve liquidity. The programme is designed…

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Mastercard launches new Sustainability Innovation Lab to empower businesses and consumers

GLOBAL – Mastercard, an American multinational financial services corporation, has announced the launch of its new Sustainability Innovation Lab, which will spearhead the further development of the company’s portfolio of environmentally conscious digital products and solutions. The Lab will focus on ways to empower businesses and consumers to transform how they produce, distribute and purchase products and services, ensuring both people and the planet can thrive as the global economy rapidly digitizes.  In support of the EU Green Deal, Mastercard selected Stockholm, Sweden as the home of the global Lab…

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Italian-based Mobilspazio to partner with Takoradi Technical University

GHANA – Mobilspazio, an Italian-based Manufacturing company, has expressed its readiness to partner the Takoradi Technical University (TTU) to market and franchise products in their Carpentry and Wood Department to create employment opportunities for the youth as they graduate. The move, forms part of measures by the international wood processing and general home appliances company, to equip the youth with the relevant skills to design finished products of international standards in a competitive globalized economy. Country Director for Mobilspazio Production and Manufacturing company, Mr. Patrick Ekye- Kwesie, in an interview…

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Elsewedy Electric secures US$0.80m from HBD for establishment off Elsewedy Technical Academy

EGYPT – The Housing and Development Bank (HDB) has signed a cooperation protocol with Elsewedy Electric to be the main and only partner for establishing a third branch of Elsewedy Technical Academy (STA) in the Sadat Industrial Zone, with an investment of EGP12.5 million (US$0.80m). This partnership aims to qualify a strong generation of technical education graduates and provide them with the latest specialized curricula in addition to practical training. This helps them meet the actual needs of the labour market, thus contributing to dealing with unemployment, achieving social justice,…

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Endeavor Nigeria unveils inaugural cohort of entrepreneurs to support business leaders

NIGERIA – Endeavor Nigeria, the global community of high-impact entrepreneurs, has unveiled the inaugural cohort of entrepreneurs for its new 10-week Endeavor ScaleUp Program that aims to support Nigeria’s most promising, high-impact business leaders. Leveraging Endeavor’s extensive global network, participating entrepreneurs will have access to mentorship, fundraising support, partnerships, and a strong peer network of high impact entrepreneurs who have built and run successful businesses. Seven entrepreneurs from four Nigeria-based start-ups have been selected to participate in the program, which will also provide an opportunity to receive tailored support and…

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Rwanda Coding Academy receives US$7.1m support from Koica

RWANDA – The Korea International Cooperation Agency (KOICA) has signed a Record of Discussion (R/D) with the Ministry of Finance and Economic Planning and the Ministry of Education for the implementation of the Rwanda Coding Academy (RCA) Capacity Development Project worth US$ 7.1 million. The Government of Rwanda will provide the counterpart funding of US$ 800,000 for the project, making the total value of project US$ 7.9 million. The signing ceremony was virtually held in observance of the current health measures to prevent the spread of COVID-19 and the R/D…

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Fintech e4 launches Girls in STEM program

SOUTH AFRICA – Fintech specialist e4 has launched a Girls in STEM programme to provide girls in underprivileged areas with the support they need to pursue careers in science, technology, engineering and mathematics (STEM) post matric. Cognisant of the gender imbalance present in the science and technology industries worldwide, and particularly in sub-Saharan Africa, e4 approached Melisizwe Computer Lab Project, a non-profit that provides schools in need with computer labs and IT skills training, for help with this initiative, with the end goal of uplifting underprivileged female youth and addressing…

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Sahara Foundation partners ETC, REAN to provide employability skills for youth

NIGERIA – Sahara Foundation, a Non-Government Organization, has partnered the Energy Training Centre (ETC) and Renewable Energy Association of Nigeria (REAN) in an effort aimed at providing employability skills for youth in Lagos, Edo, and Rivers States. According to the foundation, the move will ensure that the organisations envision and implement the inaugural Sahara Regenerator Technical Programme; a Sahara Foundation initiative especially on two technical skills including meter installations, solar systems installation and maintenance required in the energy sector. “ETC in its capacity as the technical partner for the SRTP…

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AVCA launches its training academy to provide private investment professional development

AFRICA – The African Private Equity and Venture Capital Association (AVCA) has announced the establishment of the AVCA Training Academy to provide private investment professional development across the continent. This is a first-of-its-kind in the industry and is aimed at supporting private investment professionals interested in Africa, by providing an agile and innovative learning platform tailored to Africa’s dynamic and diverse market. The AVCA Academy will play an instrumental role in catalysing investment into the asset class by deepening the capacity of African institutional investors to navigate investing in private…

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EMTECH, Global InfoSwift to deliver capacity building for banks and fintechs

NIGERIA – EMTECH, a Fintech for Central Banks, has partnered with Global InfoSwift (GIC), a leading IT services provider, to launch a new Nigeria-based partnership to deliver capacity building for banks and fintechs. The partnership will deliver in Central Bank Digital Currency (CBDC), Regulatory Sandbox Framework, and API & Open Banking. This partnership will enable Nigerian regulators, banks and local fintechs to accelerate the transformative changes seen in the evolving financial services regulatory environment. African central banks are moving forward with their innovation and digitization efforts across the continent, and…

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