World Bank to invest over $5bn in African Drylands

world bank to support oil demand decline

World Bank to invest over $5bn in African Drylands The World Bank plans to invest over $5 billion in African drylands over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. World Bank Group President David Malpass announced the investment at the One Planet Summit, a high-level meeting co-hosted with France and the United Nations that is focused on addressing climate change and biodiversity loss. “This investment, which comes at…

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World Bank/FT Global Blog/Essay Writing Competition 2021

World Bank/Financial Times Global Blog/Essay Writing Competition 2021

World Bank Global Blog/Essay Writing Competition 2021 If your answers to questions in the next paragraph yes, then take part in the World Bank Group and the Financial Times’ third joint global blog/essay writing competition. Are you 16 to 19 years old? Are you currently enrolled in a high school or secondary school? Has COVID-19 affected your learning or the education of a friend or family member? The pandemic has disrupted our lives everywhere, and is changing the way we live, work and learn. This health crisis is creating another…

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NNPC Restates Commitment to OPEC+ Agreement

mele kyari on, opec+ downstream deregulation litres of petrol

NNPC Restates Commitment to OPEC+ Agreement The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, aimed at stabilizing the global oil market. The Group Managing Director of NNPC, Mallam Mele Kyari, stated this Wednesday while speaking at the ongoing virtual Gulf Intelligence “Global” UAE Energy Forum 2021. Mallam Kyari noted that despite the negative effects of the production cut on government revenue, it was the best step towards redeeming the…

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UNDP launches Investor Map to achieve SDGs in Nigeria

UNDP Nigeria launches Investor Map, data tool for investment

UNDP launches Investor Map to achieve SDGs in Nigeria United Nations Development Programme (UNDP) Nigeria Country Office announced on Friday the launch of Sustainable Development Goals (SDG) Investor Map, a digital tool designed to identify investable solutions, making it easier to channel private investment and capital to achieve the SDGs. The platform is part of SDG Impact, a UNDP Initiative that provides investors and businesses with country-level market intelligence and actionable investment opportunities. The SDG Investor Map for Nigeria will provide investors with localised insight into key sectors and Investment…

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Tony Elumelu Foundation, TEF 2021 Application Opens

Tony Elumelu Foundation 2021 APPLICATION

Tony Elumelu Foundation, TEF 2021 Application Opens The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform (www.tefconnect.com) today, January 1, 2021. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising from the pandemic, lift millions out of poverty and create sustainable employment across the continent, the Foundation’s Entrepreneurship Programme will empower 1,000 young African entrepreneurs, selected from…

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