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CIF Approves $297 Million to Strengthen Global Climate Action and Energy Security

CIF Approves $297 Million to Strengthen Global Climate Action and Energy Security

In a significant boost to global climate resilience and sustainable energy development, the Climate Investment Funds (CIF) has approved a total of $297 million for multiple projects across Africa, Latin America, and Asia. The funding aims to support nature-based solutions, reduce reliance on fossil fuels, and enhance renewable energy adaptation.

Tariye Gbadegesin, Chief Executive Officer of CIF, announced the new financial commitments, underscoring the organization’s dedication to empowering local communities and accelerating climate solutions.

“That’s $143 million approved last week for nature-based solutions in Kenya, Brazil, and the Zambezi River Basin, rewarding local communities for continuing to protect valuable forests, waterways, and wildlife,” Gbadegesin stated. This initiative is expected to drive conservation efforts and ensure the long-term sustainability of natural ecosystems in these regions.

Additionally, CIF has earmarked $84 million for the Dominican Republic to support its transition away from expensive fuel imports. This move is aimed at bolstering the country’s energy security while reducing its dependence on fossil fuels, aligning with global efforts to mitigate climate change and enhance economic stability.

Meanwhile, India will receive $70 million to facilitate the integration of renewable energy sources into its power grid. As the country undergoes a dramatic expansion in solar and wind energy, the funding will aid in managing the intermittency challenges associated with these energy sources, ensuring a stable and efficient power supply.

A Commitment to Inclusive Decision-Making

Beyond financial support, CIF’s governance model remains a cornerstone of its effectiveness. Gbadegesin highlighted the organization’s commitment to equitable representation in decision-making, noting that CIF’s 32-member governing board is regularly elected from countries across the world, with each member holding an equal voice in determining climate investment strategies.

“It’s not just what we decide to fund that’s so energizing, it’s how,” she emphasized, pointing to the importance of a fair and transparent decision-making process that reflects the diverse needs of participating nations.No alt text provided for this image

Welcoming New Leadership

As part of its governance expansion, CIF welcomed new board representatives from Benin, Chad, Dominica, Kazakhstan, Fiji, Kiribati, Ethiopia, Kenya, and Sierra Leone. Gbadegesin extended a warm welcome to the newly elected members, expressing her enthusiasm for future collaborations.

“I look forward to working closely with you all,” she said, reinforcing CIF’s commitment to fostering international partnerships in the fight against climate change.

Strengthening Global Climate Resilience

With these latest funding approvals, CIF continues to play a pivotal role in advancing climate action across the globe. By investing in conservation efforts, reducing fossil fuel dependency, and facilitating the transition to renewable energy, the organization is helping nations build sustainable and resilient economies.

As climate challenges grow more urgent, CIF’s strategic funding initiatives and inclusive leadership approach are expected to drive impactful change, benefiting both local communities and the global environment.

Glitz, Glamour as 13th ECOWAS African Wrestling Tournament Concludes in Grand Style

Glitz, Glamour as 13th ECOWAS African Wrestling Tournament Concludes in Grand Style

 The 13th edition of the ECOWAS African Wrestling Tournament came to a spectacular close at the Velodrome, MKO Abiola National Stadium, Abuja, on Saturday, leaving a trail of excitement, cultural splendor, and breathtaking displays of traditional wrestling. The grand finale was nothing short of a spectacle, featuring scintillating cultural performances and electrifying bouts that kept the audience on the edge of their seats.

Senegal Claims Victory, Nigeria Shines in Women’s Wrestling

Team Senegal emerged as the overall champions of the tournament, clinching three gold medals and one silver. Nigeria secured a commendable second place with two gold and one silver, while Benin Republic finished third with one silver and one bronze.

Nigeria’s strong second-place finish was propelled by gold medal victories from Ebipatei Lienbofa and Ebi Bigos in the women’s 66kg and 76kg categories, respectively. The impressive performance of the female wrestlers did not go unnoticed, as National Sports Commission (NSC) Chairman, Mallam Shehu Dikko, lauded their efforts during the tournament’s closing ceremony.

Tribute to Female Athletes and President Tinubu’s Renewed Hope Agenda

In his closing remarks, Mallam Shehu Dikko emphasized the pivotal role that female athletes have played in Nigeria’s sporting history.

“Today is women’s day, and we, as a Commission and as a nation, are incredibly proud of the resilience and determination of our female wrestlers. Over the years, Nigerian women have consistently lifted our sporting reputation, and they have done it again in this tournament. We salute our sportswomen—where would we be without them?”

He further highlighted that the female wrestlers’ achievements were a clear testament to President Bola Ahmed Tinubu’s Renewed Hope Agenda in sports development.

Commitment to Youth Empowerment Through Sports

Mallam Dikko reaffirmed the National Sports Commission’s commitment to sustained collaboration with key stakeholders to drive youth development through sports. He particularly emphasized the need for strategic synergy between the NSC and the Ministry of Youth Development to positively engage the nation’s youth.

“President Tinubu has given us a clear directive—there must be proper collaboration between government agencies to ensure our youth are fully engaged in sports. By working together, we can channel our energy into developing sports, creating opportunities, and ensuring that our youth not only stay active but also earn a livelihood through sports.”

He also hinted at Saudi Arabia’s growing interest in investing in Nigerian sports, particularly traditional sports, underscoring the immense potential for international collaborations in the sector.

Minister of Youth Development Pledges Support

The Minister of Youth Development, Hon. Ayodele Olawande, expressed excitement over the abundance of raw sporting talent in Nigeria and pledged to work closely with the NSC to harness these potentials.

“I am proud to associate with the Chairman of the NSC, and I assure you that we are fully committed to revitalizing various sporting activities and improving our sports infrastructure for the benefit of all,” Olawande stated.

ECOWAS Applauds Nigeria’s Role in Hosting the Tournament

In her remarks, Professor Fatou Sow Sarr, ECOWAS Commissioner for Human Development and Social Affairs, represented by Ambassador Francis Chuks Njoaguani, commended the Nigerian government for successfully hosting the tournament. She urged all participants to uphold the values of unity, resilience, and excellence that were showcased throughout the three-day event.

Cash Prizes, Medals, and Awards

The tournament concluded on a celebratory note with the presentation of medals, trophies, and cash prizes to the top-performing teams:

🏆 Senegal – $10,000 (Overall Champions)
🥈 Nigeria – $6,000 (Second Place)
🥉 Benin Republic – $3,000 (Third Place)

The event was graced by top dignitaries, including Director-General of the NSC, Hon. Bukola Olopade, and former Senator representing Kaduna Central, Sen. Shehu Sani.

With a blend of thrilling wrestling action, rich cultural heritage, and renewed commitment to youth empowerment, the 13th ECOWAS African Wrestling Tournament ended on a high note, setting the stage for even greater achievements in the future.

CBN Joins Global Leaders in London to Celebrate Women in Central Banking

CBN Joins Global Leaders in London to Celebrate Women in Central Banking

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to gender inclusion and women’s empowerment in the financial sector by participating in Citibank’s inaugural Women in Central Banking event. Held in London, United Kingdom, on March 10, 2025, the prestigious gathering brought together top female leaders from central banks, financial institutions, and policy-making bodies across the world in celebration of International Women’s Day.

The event provided a significant platform to recognize the increasing role of women in shaping economic policies, financial regulations, and monetary stability across different regions. It also highlighted the progress made in breaking barriers for women in financial governance while addressing the ongoing challenges of gender disparity in leadership roles within the global financial ecosystem.

Distinguished Female Leaders in Attendance

Among the prominent financial experts and policymakers present at the event were:

  • Ms. Emem Usoro, Deputy Governor (Corporate Services), Central Bank of Nigeria (CBN)
  • Prof. Hatice Karahan, Deputy Governor, Central Bank of the Republic of Türkiye
  • Dr. Susan Koech, Deputy Governor, Central Bank of Kenya
  • Naomi Feldman, Monetary Policy Committee (MPC) Voting Member, Central Bank of Israel
  • Nneka Enwereji, Managing Director and Chief Executive Officer, Citibank Nigeria Limited

These distinguished women, holding key positions in financial institutions across different continents, engaged in insightful discussions on the role of female leadership in shaping global financial policies, tackling economic crises, and fostering sustainable growth through inclusive banking strategies.May be an image of 1 person, newsroom and text

Ms. Emem Usoro, Deputy Governor (Corporate Services) of the CBN, emphasized Nigeria’s dedication to advancing gender equity in the banking and finance sector. She noted that the CBN has continued to implement policies that empower women in leadership positions, enhance financial literacy for women entrepreneurs, and drive inclusive economic participation.

CBN’s Commitment to Women’s Advancement in Finance

Speaking at the event, Ms. Emem Usoro, Deputy Governor (Corporate Services) of the CBN, emphasized Nigeria’s dedication to advancing gender equity in the banking and finance sector. She noted that the CBN has continued to implement policies that empower women in leadership positions, enhance financial literacy for women entrepreneurs, and drive inclusive economic participation.

“As a financial regulator, the Central Bank of Nigeria remains committed to ensuring that women are not just participants but key decision-makers in the financial space. Through initiatives such as financial inclusion programs, leadership mentorship, and gender-responsive banking policies, we are determined to create an enabling environment for women to thrive,” Usoro stated.

Key Themes and Discussions at the Event

The Women in Central Banking forum focused on several crucial themes, including:

  • Gender Representation in Financial Governance: Panelists explored the progress and setbacks in increasing female representation in senior roles within central banks and monetary policy institutions.
  • Challenges Facing Women in Leadership: Experts discussed the barriers that continue to limit women’s career advancements in finance, including structural inequalities, cultural biases, and the lack of mentorship opportunities.
  • The Future of Inclusive Finance: Speakers highlighted the importance of inclusive policies that ensure women have equal access to financial resources, investment opportunities, and leadership training programs.
  • The Role of Central Banks in Driving Change: Participants examined how central banks can take proactive steps in promoting gender diversity and ensuring that financial policies are more inclusive.

Citibank Nigeria’s MD/CEO, Nneka Enwereji, lauded the initiative, emphasizing that fostering women’s participation in economic decision-making is not only a moral imperative but also a strategic move for economic development. “Financial institutions and regulators must recognize that empowering women in leadership roles leads to stronger economies, better policy decisions, and more resilient financial systems,” she remarked.

A Step Towards Greater Inclusion

The London event served as a milestone in the journey towards greater gender equity in the financial sector. It provided an avenue for thought leaders to exchange ideas, discuss best practices, and explore actionable strategies that can accelerate women’s representation in central banking and finance.

As Nigeria and other nations continue pushing for policies that enhance female leadership in banking, forums like Women in Central Banking will remain crucial in fostering dialogue, collaboration, and progress towards a more inclusive financial future.

This historic gathering underscores the growing global recognition that when women are empowered, economies flourish, financial systems become more stable, and societies benefit as a whole.

Payments Forum Nigeria (PAFON 2.0) Set to Address Customer Experience in AI-Driven Payment Ecosystem

Payments Forum Nigeria (PAFON 2.0) Set to Address Customer Experience in AI-Driven Payment Ecosystem

The highly anticipated Payments Forum Nigeria (PAFON) 2.0 is set to convene industry leaders, policymakers, fintech innovators, and key stakeholders to discuss the evolving landscape of digital payments, with a special focus on cybersecurity, trust, and regulatory compliance in the AI era.

PAFON 2.0, scheduled to take place on April 10, 2025 at the Function Room 1, Oriental Hotel, Lagos, builds on the success of its inaugural edition, solidifying its position as Nigeria’s premier platform for thought leadership in payments innovation.

This year’s theme, “Bridging the Customer Experience Gap for Financial Inclusion Using AI”, underscores the urgent need to safeguard digital transactions against emerging threats while ensuring seamless financial inclusion and innovation.

EBEHIJIE J. MOMOH, Chief Executive Officer, AfriGOPay Financial Services Limited, has been scheduled to present the keynote.

Other Speakers | participants are drawn the Central Bank of Nigeria (CBN); e-Banking Heads; Chief Compliance Officers of banks in Nigeria; Chief Internal Auditors of banks in Nigeria; Office of The National Security Adviser; Switching companies; the Economic and Financial Crimes Commission; Licensed Mobile Payment Operators; Electronic Payments Providers; Information Security Experts; Consumer Protection; Financial Policy and Regulation; Information Technology; Legal Services; Banking Supervision; Corporate Communication; Shared Services Office; Blockchain Security Experts, etc.

Key highlights of PAFON 2.0 include:

  • Expert-led panel discussions on AI-driven fraud detection, secure authentication, and regulatory strategies for digital payments
  • Fireside chats with top executives from the banking, fintech, and regulatory sectors
  • Showcase of cutting-edge payment security solutions leveraging AI, blockchain, and biometrics
  • Networking opportunities with industry pioneers shaping the future of Nigeria’s payment ecosystem

Speaking on the upcoming event, Mr. Chike Onwuegbuchi, co-convener of PAFON, stated:

“As Nigeria accelerates its transition to a digital economy, ensuring trust and security in payments has never been more critical. PAFON 2.0 will serve as a pivotal platform to address these challenges and unlock opportunities for a more resilient and inclusive financial system.”

PAFON 2.0 is open to payment service providers, fintech firms, banks, regulatory bodies, cybersecurity experts, and all stakeholders invested in the future of digital transactions in Nigeria.

For more information and participation details, visit or contact [Insert Contact Information].

About PAFON

Payments Forum Nigeria (PAFON) is an annual platform dedicated to fostering dialogue, collaboration, and innovation in the country’s payment industry. By bringing together key stakeholders, PAFON seeks to drive advancements in security, financial inclusion, and technology adoption across the ecosystem.

Register to Attend: https://shorturl.at/IPOjA

Anambra South Concerned Citizens Laud INEC and National Assembly for Swift Action on Senatorial Vacancy

Anambra South Concerned Citizens Laud INEC and National Assembly for Swift Action on Senatorial Vacancy

 

 

The Anambra South Concerned Citizens, led by the visionary leadership of Engr. Ikechukwu Nwosu, Convener of the Anambra South Concerned Citizens Movement, has extended heartfelt appreciation to the Nigerian National Assembly and the Independent National Electoral Commission (INEC) for their commendable and expeditious response in addressing the political void created by the untimely demise of Senator Dr. Patrick Ifeanyi Ubah.

Senator Ubah, a highly respected and influential representative of Anambra South Senatorial Zone, tragically passed away on July 27, 2024, leaving a significant gap in the legislative representation of the zone. For over 180 days, the people of Anambra South were left without a voice in the Nigerian Senate, a situation that caused deep concern and uncertainty among constituents, stakeholders, and political analysts.

In a bold move to address the growing unease, the Anambra South Concerned Citizens took decisive action by formally petitioning INEC and the National Assembly. They fervently called for immediate measures to be taken in order to organize a by-election that would ensure the continuation of legislative advocacy and governance for the people of the senatorial district. Their passionate plea was met with positive and proactive engagement by the relevant authorities, culminating in the much-anticipated approval of a by-election.

Expressing gratitude on behalf of the movement, Engr. Ikechukwu Nwosu hailed the promptness and commitment demonstrated by the federal institutions. He stated, “This marks a turning point in our democratic journey. For over 180 days, the people of Anambra South have yearned for a voice in the Senate, and today, we celebrate a government that listens and acts. The swift response by the National Assembly and INEC shows that our democracy is alive and well. We extend our deepest gratitude for their dedication to upholding the rights of the people.”

Engr. Nwosu further commended President Bola Ahmed Tinubu for his unwavering commitment to democratic principles and good governance, emphasizing that his leadership has been instrumental in ensuring due process is followed. “This is not just about filling a vacant seat; it is about reaffirming our faith in democracy. We are immensely grateful to the President for his leadership and dedication to the rule of law. His commitment to fairness and justice is evident in this process, and we acknowledge his efforts with deep appreciation.”

In addition, he lauded the Senate President, Senator Godswill Akpabio, for his responsiveness and statesmanship in expediting the legislative processes that facilitated this by-election. “We sincerely appreciate the efforts of Senate President Godswill Akpabio, whose leadership has ensured that this matter received the urgency it deserved. His role in upholding the democratic process and safeguarding the interests of the Nigerian people cannot be overstated. We thank him wholeheartedly.”

The Anambra South Senatorial District is one of the three senatorial zones in Anambra State, comprising seven local government areas: Aguata (300 polling units), Ekwusigo (175 polling units), Ihiala (278 polling units), Nnewi North (198 polling units), Nnewi South (295 polling units), Orumba North (231 polling units), and Orumba South (192 polling units), amounting to a total of 1,669 polling units. The district spans an extensive 1,320 square kilometers, forming a crucial political and economic hub within Anambra State’s total area of 4,887 square kilometers.

With the assurance from INEC that the by-election will be conducted promptly, the people of Anambra South can now look forward to renewed political representation and a stronger voice in national governance. This development serves as a testament to the resilience of democracy and the commitment of both the electorate and government institutions to ensuring that no constituency is left behind in the legislative process.

The Anambra South Concerned Citizens remain optimistic and appreciative, reaffirming their commitment to actively participate in the electoral process and support credible leadership that will champion the interests of their people in the Senate. Their gratitude extends to all individuals and institutions who have played a role in making this by-election a reality, ensuring that the democratic ideals of representation, governance, and accountability continue to thrive in Nigeria.

 

EFTCorp recognised for ‘Outstanding Contribution to Fintech Enablement’ at the 15th Africa Bank 4.0 Summit in Ghana

EFTCorp recognised for ‘Outstanding Contribution to Fintech Enablement’ at the 15th Africa Bank 4.0 Summit in Ghana

 

 

EFT Corporation (EFTCorp), a trusted partner in modern banking, was honoured with the ‘Outstanding Contribution to Fintech Enablement’ award at the 15th Africa Bank 4.0 Summit – West Africa, held in Accra, Ghana, on 26-27 February 2025. The award recognises EFTCorp’s role in advancing fintech innovation and expanding financial inclusion across Africa by providing cutting-edge payment solutions and infrastructure for banks and financial institutions.

 

As a lead sponsor of the summit, EFTCorp actively contributed to key discussions around West Africa’s digital banking evolution, tackling issues such as interoperability, open banking, and the role of fintech in bridging financial gaps. The company’s commitment to innovation was highlighted in various panel discussions and presentations, including:

 

  • Carlin Wicomb, Chief Sales Officer, who delivered a presentation on Empowering Banks through Fintech Collaboration: Unlocking Innovation in Payments and Merchant Services.
  • Catherine Korsten, Chief Commercial Officer, who moderated a panel on Securing the Future: Biometric Authentication in West Africa’s Digital Transformation.
  • Farai Tigere, Managing Director for Zimbabwe, who joined a panel on Beyond Mobile Money: Building a Broader Financial Inclusion Strategy for West Africa.
  • Carlyn Commey, Regional Head of Business Development for West Africa, who contributed to a discussion on Supercharging West Africa’s Economy: The Real-Time Payments Revolution.

 

EFTCorp’s commitment to West Africa’s digital finance evolution

Receiving the ‘Outstanding Contribution to Fintech Enablement’ award reinforces EFTCorp’s role in West Africa’s payments modernisation journey. The region has seen a surge in neobanks, mobile money adoption, and real-time payments – the company’s solutions have been instrumental in helping financial institutions modernise their operations while ensuring secure, efficient, and scalable payment infrastructure.

 

Carlyn Commey, who represented EFTCorp at the awards ceremony, emphasised the company’s dedication to financial inclusion in the region. “This recognition is a testament to our commitment to supporting banks and fintechs with innovative, tailored solutions that drive financial access and economic growth. West Africa is a priority growth region for EFTCorp, and we are excited to continue working alongside local partners to build a more inclusive and resilient financial ecosystem.”

 

Expanding EFTCorp’s footprint in emerging markets

With West Africa’s fintech market projected to grow significantly in the coming years, EFTCorp is expanding its presence to support banks and fintechs with modern payment solutions. The rise of regulatory sandboxes, digital identity initiatives, and mobile-first financial services across the region presents vast opportunities for financial institutions to scale. Through its expertise in API-driven payment processing, mobile money interoperability, and secure transaction platforms, EFTCorp is solidifying its role as a leading fintech enabler on the continent.

 

“Our goal is to bridge the gap between legacy banking infrastructure and next-generation payment solutions,” says Commey. “By working closely with banks, regulators, and fintechs, we ensure that our technology meets market needs while driving seamless financial services for businesses and consumers alike.”

 

As West Africa accelerates its digital banking transformation, EFTCorp remains a key player in shaping the region’s payments landscape.

 

African Energy Week (AEW) 2025 to Showcase Africa’s Growing Energy Momentum, with $43 Billion in Capital Expenditure (CapEx) Projected for 2025

African Energy Week (AEW) 2025 to Showcase Africa’s Growing Energy Momentum, with $43 Billion in Capital Expenditure (CapEx) Projected for 2025

Africa’s energy sector continues to show resilience and dynamism, with capital expenditure (CapEx) on oil and gas projects remaining a key driver of growth. According to the African Energy Chamber’s (EnergyChamber.org/) State of African Energy 2025 Outlook Report, investment remains strong in 2025, with total CapEx estimated at $43 billion, while long-term projections indicate an increase to $54 billion by 2030 – reinforcing Africa’s position as a critical player in the global energy market. As African Energy Week (AEW): Invest in African Energies 2025 prepares to convene key industry players in Cape Town, these investment trends will be central to discussions on accelerating project development, securing capital and ensuring Africa’s energy industry remains competitive on the global stage.

 

According to the report, West and North Africa continue to lead CapEx spending, with West Africa contributing over 50% of the continent’s total expenditure from 2023 through the decade. Established oil producers such as Nigeria and Angola remain dominant, while emerging players like Mauritania and Senegal are attracting increasing investment. The continent’s rich liquid hydrocarbon resources continue to draw the majority of capital, accounting for over 60% of total hydrocarbon investment through 2030. However, natural gas is gaining momentum, with its share of CapEx rising to over 40% by the end of the decade. This shift underscores a major theme of AEW: Invest in African Energies 2025, positioning Africa as a competitive global gas hub while reaffirming oil’s role as a pillar of economic growth and energy security.

Looking ahead, onshore projects are expected to attract the majority of investment, accounting for 56% of total CapEx by 2030, driven by lower unit costs and increasing interest in onshore natural gas monetization. This trend is reflected in drilling activity, with onshore drilling remaining dominant – comprising 80% of the 1,060 wells drilled in 2024 – while offshore rig demand continues to rise, reaching an estimated 46 rig years in 2025. At AEW: Invest in African Energies, industry leaders will explore how these shifting investment patterns can accelerate energy security and infrastructure expansion across the continent.

Africa’s energy sector is entering a new era of growth, driven by strategic investments and a commitment to monetizing our vast resources

Exploration is also on the upswing, with over 150 wells completed in 2024 and heightened activity in southern Africa, particularly in Namibia’s Orange Basin. Africa is emerging as a leader in global high-impact drilling, with exploration spending surpassing $6 billion in 2024, largely driven by major discoveries in Namibia and continued investment in North and West Africa. This momentum is expected to continue as multiple licensing rounds are planned across the continent, with Nigeria, Angola, the Republic of Congo, Libya, Algeria, Tanzania and Liberia among the countries opening new blocks for development. With exploration serving as a key catalyst for new investments, AEW 2025 will serve as a critical platform for showcasing frontier opportunities and securing new project financing.

Africa’s mergers and acquisitions (M&A) landscape remains dynamic, following a significant rebound in 2024 and driven by global energy majors rationalizing their portfolios. Regional players and national oil companies (NOCs) are taking on a more prominent role, acquiring assets from majors and expanding their footprint in key markets like Angola and Nigeria. West Africa continues to dominate M&A activity in terms of deal value, followed closely by North Africa. Meanwhile, Middle Eastern and Asian NOCs are ramping up their investment in African assets, further diversifying the investor landscape. As consolidation reshapes Africa’s energy sector, AEW 2025 will provide a vital forum for dealmaking, fostering new partnerships and strengthening the role of African players in the global market.

As the African energy sector evolves, the upcoming AEW: Invest in African Energies 2025 will serve as a critical platform to drive investment discussions and facilitate deal-making. With global energy markets shifting and Africa’s vast oil and gas resources remaining underutilized, the continent presents a compelling case for increased foreign direct investment. AEW 2025 will provide the platform for stakeholders to explore opportunities, forge new partnerships and position Africa at the forefront of the global energy transition.

“Africa’s energy sector is entering a new era of growth, driven by strategic investments and a commitment to monetizing our vast resources. With $43 billion in capital expenditure projected for 2025, the continent is proving that it is open for business and ready to compete on the global stage. AEW 2025 will be the premier platform to drive these investment discussions and ensure Africa’s energy industry remains resilient and dynamic,” said Ore Onagbesan, Program Director for the African Energy Chamber.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Merck Foundation Chief Executive Officer (CEO) together with African First Ladies Africa mark International Women’s Day 2025 through their Impactful Development Programs

Merck Foundation Chief Executive Officer (CEO) together with African First Ladies Africa mark International Women’s Day 2025 through their Impactful Development Programs

Merck Foundation (www.Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany together with First Ladies of Africa who are also their Ambassadors, Ministries of Health, Education, Communication & Gender, mark ‘International Women’s Day 2025’, through their impactful development programs, continuing their 13-year legacy of empowering women and girls.

 

Senator, Dr. Rasha Kelej, CEO of Merck Foundation and One of the Most Influential African Women for Six Consecutive Years (2019 – 2024) expressed, “Happy International Women’s Day to all the remarkable women and girls around the world!

Empowering girls and women is at the core of all our initiatives and programs at Merck Foundation. I recognize the immense potential of women to thrive, succeed and excel in any domain they choose, yet they often lack the conducive environment to fully realize their capabilities, especially in underserved communities.

Therefore, together with our Ambassadors, The First Ladies of Africa, we mark International Women’s Day every day since the last 13 years through our development programs and initiatives such as ‘More Than a Mother’, ‘Merck Foundation Capacity Advancement’, ‘Educating Linda’, and ‘STEM Program’.”

“Merck Foundation More Than a Mother” is a strong movement that aims to empower infertile and childless women through access to information, education and change of mindset.

“I am thrilled to share that out of the 2,230 scholarships awarded across 52 countries in 44 critical and underserved specialties, 1046 scholarships, that is nearly 50% have been granted to female medical graduates, empowering them to become future healthcare experts and leaders.

I am especially proud that we have awarded over 680 scholarships to young doctors, dedicated to advancing women’s health by strengthening reproductive, sexual health, and fertility care capacity.”

Merck Foundation CEO strongly believes that Education is one of the most critical areas of women empowerment.

“I am happy to share that through our “Educating Linda” Program, together with my dear sisters, our Ambassadors, we are contributing to the future of over 700 girls by providing scholarships to continue their education and also providing essential school items for thousands of schoolgirls in many African countries such as Botswana, Burundi, Malawi, The Gambia, Nigeria, Zambia, Zimbabwe, Ghana, Namibia, Democratic Republic of the Congo, Cabo Verde and more.

Moreover, we have benefitted thousands of girls through our awareness campaign through many initiates like the release of inspiring songs, children’s storybooks, animation films, TV Program and awards for best media, song, film & fashion designs, all aimed at promoting girl education today for women’s empowerment tomorrow”, emphasized Senator Rasha Kelej.

Merck Foundation also actively empowers women in Science and Technology through its STEM Program and the annual Merck Foundation Africa Research Summit (MARS) Awards that recognize and celebrate the Best African Women Researchers and Best Young African Researchers, fostering research excellence.

“Our goal is to empower women and young African researchers, enhance their research capacity, and promote their contributions to STEM,” emphasized Dr. Kelej.

Bella Disu Advocates for Women’s Empowerment and Self-Advocacy on International Women’s Day

Bella Disu Advocates for Women’s Empowerment and Self-Advocacy on International Women’s Day

 

Bella Disu, a distinguished senior executive at Globacom, Cobblestone, Abumet, and Julius Berger, has called on women to reclaim their space and prioritize their growth in all aspects of life. Speaking on the occasion of International Women’s Day, Disu, a passionate advocate for leadership, innovation, and lasting change, shared her personal experiences and insights on the challenges women face in professional and personal spaces.

In a powerful statement, Disu recounted instances where she walked into rooms and was met with the greeting, “Good morning, sirs,” despite her presence. “It doesn’t happen all the time, but when it does, it’s a reminder that women aren’t just overlooked; sometimes, we’re invisible,” she said. Her remarks highlighted the subtle yet pervasive biases that women often encounter, even in high-level professional settings.

The Importance of Self-Advocacy

Disu emphasized the importance of women advocating for themselves in such situations. “Advocating for ourselves doesn’t mean shouting to be heard,” she explained. “It can be as simple as saying, ‘Actually, I wasn’t addressed,’ or ‘I’d like to ensure my perspective is considered.’ Firm. Polite. Unapologetic. Then we move on, no over-explaining, no dwelling on it.”

Her message underscored the need for women to assert their presence and contributions confidently, without fear of being perceived as aggressive or confrontational. Disu’s approach reflects a broader call for women to reclaim their space in every part of their lives, from boardrooms to communities.

Reclaiming Space and Prioritizing Growth

Disu also addressed the societal expectations that often pressure women to prioritize others at the expense of their own growth. “Women have spent years pouring into others: families, careers, communities, often at the cost of themselves,” she noted. However, she expressed optimism about the growing recognition among women that prioritizing their own development is not selfish but necessary.

“Now, more women are recognizing that prioritizing their own growth isn’t selfish; it’s necessary,” she said. “I love seeing women stand up and say, ‘It’s my time.’ Owning their ambitions. Stepping into leadership. Speaking with authority. Taking the opportunities they once hesitated to claim.”

A Call to Action on International Women’s Day

Disu’s statement resonated with the theme of this year’s International Women’s Day, which encourages women to take action not just for others but for themselves as well. She urged women to embrace their ambitions, step into leadership roles, and seize opportunities with confidence. “This year’s International Women’s Day reminds us to take action—not just for others, but for ourselves too,” she said.

A Trailblazer in Leadership

As a prominent figure in Nigeria’s corporate landscape, Bella Disu has consistently championed the cause of women’s empowerment. Her roles at Globacom, Cobblestone, Abumet, and Julius Berger have positioned her as a leader who drives impact and fosters innovation. Her advocacy for women’s leadership and self-advocacy aligns with her broader mission to create lasting change in society.

Conclusion

Bella Disu’s message on International Women’s Day serves as a powerful reminder of the importance of visibility, self-advocacy, and personal growth for women. Her call to action encourages women to step into their power, own their ambitions, and reclaim their space in every sphere of life. As the world celebrates the achievements of women, Disu’s words inspire a renewed commitment to gender equality and empowerment.

“Happy International Women’s Day!” she concluded, leaving her audience with a sense of purpose and determination to continue breaking barriers and challenging stereotypes.

About Bella Disu:
Bella Disu is a senior executive at Globacom, Cobblestone, Abumet, and Julius Berger. Known for her leadership and innovation, she is passionate about driving impact and creating lasting change in the corporate world and beyond. A strong advocate for women’s empowerment, Disu continues to inspire women to step into leadership roles and own their ambitions.

FG Reinforces Commitment to Maritime Growth to Boost Coastal Trade, Job Creation

FG Reinforces Commitment to Maritime Growth to Boost Coastal Trade, Job Creation

In a significant move to revitalize Nigeria’s maritime industry, the Federal Government has reaffirmed its commitment to unlocking the sector’s full potential.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, provided this assurance during a weekend meeting in Abuja with the Director-General and CEO of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola. The discussions centered on fast-tracking the deployment of the Cabotage Vessel Financing Fund (CVFF), a crucial initiative aimed at supporting the growth of indigenous shipping companies.

The meeting focused on unlocking financing for local shipowners, reinforcing the government’s commitment to expanding coastal trade, creating jobs, and strengthening Nigeria’s position in the global shipping industry. Key stakeholders emphasized the need for efficient utilization of the funds to ensure the CVFF delivers maximum impact and positions Nigeria’s maritime industry for long-term growth.

The renewed commitment to maritime sector development is expected to generate a positive ripple effect across the economy, driving expansion, creating employment opportunities, and solidifying Nigeria’s status as a leading maritime hub in Africa.