BUSINESS

Global Startup Awards Africa 2024 is Open

The Global Startup Awards Africa (GSA Africa) 2024 is now accepting entries. This initiative empowers African innovators, startups, and ecosystem enablers to showcase solutions to global challenges. GSA Africa 2024 aligns with the UN SDGs and offers categories like GreenTech, HealthTech, and Women in Tech. Cape Town, 5th March 2024 – Calling all African innovators, startups and ecosystem enablers dedicated …

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Germany: African business group hosts meeting on AI’s potential for SMEs

Leading African business networking group in Germany to hold what it describes as a transformative meeting on the opportunities of artificial intelligence for BIPOC small and medium businesses Eschborn, Germany – March 15, 2024 – Alfajiri Business Networking is pleased to announce its upcoming meeting scheduled for 20 April 2024, from 08:30 to 10:30 hours at the renowned Nairobi Restaurant …

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Election postponement in Senegal causes uncertainty among German investors

German companies are unsettled by the postponement of Senegal’s presidential election, originally scheduled for 25 February but which has now been shifted to 15 December. The unprecedented move has called into question the West African country’s reputation for democratic stability in a region beset by military coups. “The postponement of the elections in Senegal – and this shortly after the …

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Nigeria, Germany sign agreement to improve electricity supply

President Bola Tinubu of Nigeria and German Chancellor Olaf Scholz on Friday evening in Dubai, United Arab Emirates, witnessed the signing of an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The agreement, consummated on the sidelines of the COP28 climate summit, was signed by Mr Kenny Anuwe, …

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Germany offers Africa “reliable partnership”

Germany is offering itself to African countries as a long-term and reliable economic partner. That is the message of Berlin at the G20 Compact with Africa (CwA) Conference in the German capital city this week. “Africa is our partner of choice when it comes to intensifying our economic relations and taking the common path to a climate-neutral future,” said Chancellor …

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Nigerian leader seeks German investment in critical sectors

President Bola Tinubu has called for German investment in critical sectors of the Nigerian economy such as power and rail transportation. Tinubu made the call at a meeting with German Chancellor, Olaf Scholz, on the sidelines of the G20 Compact with Africa Economic Conference, on Monday in Berlin. The president said that German investment was needed in critical growth-enabling industries …

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Nigeria’s President Tinubu visits Germany

President Bola Tinubu of Nigeria is scheduled to arrive Berlin on Saturday for a three-day official visit to Germany. Among other activities, he will attend the G20 Compact with Africa (CwA) Conference, hosted by German Chancellor Olaf Scholz, on Monday (20 November). “During the conference, President Tinubu will join other Heads of State and Government of CwA member countries, bilateral …

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Nigeria launches mortgage scheme for citizens in diaspora at low interest rate

The Federal Government of Nigeria has launched the Diaspora Housing Scheme that enables Nigerians outside the country to access up to N50 million in mortgage loans, repayable over a period of 10 years at an interest rate of 6.9%. The scheme, facilitated by the Nigerians in Diaspora Commission (NiDCOM), is to promote an active involvement of Nigerians living abroad in …

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Global Startup Awards Africa Announces 16 Category Winners

Addis Ababa, Ethiopia – Monday, 31 October 2023 – The Global Startup Awards Africa (GSA) Africa, in collaboration with the Global Innovation Initiative Group (GIIG), the Ethiopian Ministry of Labour and Skills (MOLS), the Ethiopian Ministry of Innovation and Technology (MInT) with the support of the Entrepreneurship Development Institute (EDI) Ethiopia, revealed the names of 16 category winners at the …

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Nigeria Diaspora Investment Summit holds in Abuja

The 2023 Nigeria Diaspora Investment Summit will hold on 13-15 November in Abuja. The event brings together Diaspora investors and people seeking investment opportunities in Nigeria. Nigerians living across the globe are expected to converge at the annual event, convened by the Nigerians in Diaspora Commission (NiDCOM), to network for the purpose of investing in their homeland. The Summit is …

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Germany: New African business network to launch

A new network to bring together industry professionals and thought leaders to foster collaboration and inspire innovation within the African business community will launch in November. Its aim is to ignite opportunities for its members —— PRESS RELEASE Alfajiri Business Networking, a dynamic and inspiring networking platform, is thrilled to announce its official launch on 16 November 2023. Under the …

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The world converges at Bazaar Berlin 2023

From 8 to 12 November, around hundreds of exhibitors from all over the world will present their products at Bazaar Berlin, the international fair for Crafts Fair, Design, Natural Goods and Fair Trade Products. From sustainable furniture and wood accessories from Portugal or hand-printed cotton fabrics from India to Bolga baskets from Ghana – everything revolves around arts and crafts, …

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German-Nigerian trade volume hits new record

The bilateral trade between Germany and Nigeria hit the €3 billion mark in 2022, German Ambassador to Nigeria, Annett Günther, has announced. This is against €2 billion recorded in 2021. The envoy, who disclosed this at a press conference in Abuja on Thursday, said Germany remains Nigeria’s second biggest partner behind the United States. ”Germany contributed a total trade volume …

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Germany: Nigerian president’s daughter to receive award in Berlin

The eldest daughter of Nigeria‘s President Bola Ahmed Tinubu will be honoured in the German capital city on 18 November. Chief (Mrs) Mujidat Folasade Tinubu-Ojo, an astute business woman and indefatigable social entrepreneur, will receive an award for her tireless efforts to promote trade and investment in Nigeria at the 1st Hope Renewal Africa Awards in Berlin. The event, christened …

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How best to start a home care business in Germany — Interview with Gosab CEO

In an exclusive interview with The African Courier, Godfrey Chukwuemeka Evurulobi, CEO of Gosab Care GmbH, explains the opportunities for self-employment in the care sector in Germany for Africans and how you can easily get started in the business. The Nigerian-born entrepreneur runs three companies – Gosab Personalmanagement und Consulting, Gosab Care GmbH and Gosabflex GmbH, from Cologne with branches …

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Berlin holds business start-up seminar for residents with migrant background

ANNOUNCEMENT The extraordinary seminar programme offered by the State of Berlin on the topic of start-ups and self-employment for people with a migration background interested in starting a business begins a new round in July! For the past 21 years, the state of Berlin has been strengthening cultural diversity of Berlin’s start-ups and has been running the seminar series “Vielfalt gründet” (formerly: …

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Nigeria ends incentive payment for remittances

The Central Bank of Nigeria (CBN) has announced that its “Naira 4 Dollar” remittance scheme will end on 30 June 2023. The policy, which was introduced in March 2021 to encourage the inflow of foreign currency, will no longer be in operation as from 1 July, it said. Under the scheme, the CBN pays out a reward of N5 for …

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African industrialisation gets uplift as new oil refinery opens in Lagos

A landmark event in the industrialisation of Africa took place on Monday, when the continent’s largest oil refinery was commissioned in Lagos. Witnessed by five African heads of states, the opening of Dangote Petroleum Refinery and Petrochemicals is being greeted continent wide as another evidence that things are looking up for African development. Built by Africa’s richest man, Aliko Dangote, …

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