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News Brief

News Brief

Kano Partners Private Firm On $162m First Agro-industrial Park.

The establishment of the first private agro-industrial park worth $162million has been approved by the government of Kano State. Chief Press Secretary to Governor Abdullahi Ganduje, Mr Abba Anwar on Monday, revealed that the facility, established in partnership with Silvex Intl Ltd., would be located within Kano River Irrigation Project area in Bunkure Local Government Area of the state.
He also confirmed that the Chief Executive Officer (CEO) of the partnering company, Alhaji Abubakar Usman-Adamu, had already presented the investment documents to the state governor, with the first phase of the project, estimated at $12million, due for completion in the next six months. The project will be supported by the British Foreign and Common Wealth Development Office (FCDO/UKAid) under its links project.

Osinbajo Launches DashMe Foundation.

Speaking at the launch of the DashMe Foundation, an initiative championed by former minister of finance, Mrs Kemi Adeosun, in Lagos yesterday, the Vice President Yemi Osinbajo noted that helping the poor forms the idea of funding local charities, reiterating the need to reach out to poor and vulnerable Nigerians, most especially those residing in the grassroots.
Osinbajo recalled that as a minister, Mrs Adeosun prioritised the federal governments Social Investment Programme (SIP). He said he is not surprised that she has decided to use her talent and influence to establish an organisation that raises funds and provides for zindigenous grassroots charities.

Nigerian Central Bank Planning CBDC Launch by End of 2021.

The director of information technology of the Central Bank of Nigeria (CBN) stated the nation’s plans to launch a digital currency by the end of 2021. Nigeria has been fighting against crypto exchanges and start-ups for most of 2021. An official with the Central Bank of Nigeria (CBN) told local news sources that the bank is hoping to launch a central bank digital currency (CBDC) before the end of the year.
A few African nations are anticipating the launch of CBDCs including Ghana and Tanzania.

Kano Exco Approves Tamburawa As AKK Gas Project Location Site.

According to the state Commissioner for Information, Malam Muhammad Garba, Kano state government has declared Tamburawa in Dawakin Kudu Local Government Area, along Zaria Road as planning location for the siting of the proposed gas industrial layout under the Nigeria National Petroleum Corporation (NNPCs) Ajaokuta-Kaduna-Kano pipeline project.
This announcement was made, while briefing journalists on the outcome of the state Executive Council meeting. The approval was given to the state government NNPC-AKK Pipeline Project Delivery and Gas Industrialization Committee (KNSG-PDIC) to set up its planning location at Tamburawa adjacent to Challawa Water Works where the Kano/AKK Terminal Gas station is proposed to be built.

Nigeria, SA, Kenya Rated Top Drivers Of ECommerce In Africa.

A recent Visa report shows that the top three market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years were South Africa, Nigeria and Kenya. Ghana is also showing growth, having replaced Kenya in the top three contributors in 2020.
Mr Lineshree Moodley, Head of Visa Consulting and Analytics (VCA) in Sub-Saharan Africa affirmed that the three leading markets in SSA are starting to mature, providing the region with an established foundation, this coupled with the growing penetration of eCommerce, offers players in the payment space an opportunity to capitalise on while further accelerating the expansion of eCommerce in the region.

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