Tag: investment

ADB Commits $2 Billion to Clean Cooking Access in Africa

16May

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Africa, African Development, Environment, Finance, Infrastructure, News, Safety

ADB Commits $2 Billion to Clean Cooking Access in Africa

The African Development Bank (AfDB) has pledged a monumental $2 billion over the next decade towards enhancing access to clean cooking solutions in Africa. This commitment was announced during a landmark summit on Clean Cooking in Africa held in Paris, where the Bank's President, Dr. Akinwumi Adesina, emphasized the critical importance of safe cooking alternatives beyond just culinary needs, highlighting the profound impact on dignity. The significance of this commitment lies in its potential to save the lives of approximately 600,000 individuals annually, predominantly women and children. The AfDB plans to allocate 20% of its energy project financing towards promoting safe cooking alternatives, aiming to address the prevalent use of charcoal, wood, and biomass for cooking in Africa. ...

86FB Accuses Flutterwave Of Freezing Its Funds Maliciously

Investment platform, 86FB, has pointed accusing fingers at Fintech company, Flutterwave, for its inability to run efficiently and pay up its investors. The platform which claims to focus on football and collaborates with William Hill, a global online gambling company based in London, England, to integrate probability and statistics, disclosed in a statement that its funds have been maliciously frozen by Flutterwave. It added that this had made it impossible for it to pay up its investors. Noting that it would not succumb to unreasonable acts, the platform called on investors to join it in enforcing Flutterwave to release its funds. What 86FB is sayingThe platform, in a statement to investors, noted, “A series of things have happened recently that make us unable to operate nor...

Investments In Youths Will Guarantee Security – Osinbajo

This was contained in a statement by his spokesman, Laolu Akande, titled, ‘Every Child Counts, We Must Invest in Our Children to Guarantee Security, Prosperity- Osinbajo’ on Thursday. Osinbajo spoke during the Stakeholders Summit of the At-Risk Children Programme, ARC-P, at the Statehouse Banquet Hall, Abuja. According to him, the only way to guarantee the long-term peace and prosperity of our communities is to invest in our children by providing opportunities for them to thrive and be productive within their chosen paths, thereby giving them hope for a better future. Osinbajo noted that the Federal Government has taken a multi-dimensional approach in addressing the challenges faced by the vulnerable in society, especially children and young people, nationwide, with vario...