Category: Press Releases

Prioritize Africa’s Youth And Leapfrog Traditional Development Paths – Tony Elumelu To African Leaders At World Bank Meetings

 During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding their innovations would also help attract foreign investors.   The Tony Elumelu Foundation Founder spoke alongside World Bank…

African companies continue to grow despite difficult macro environment

In 2017, approximately $13.5 billion was raised in the equity capital markets in Africa or by African companies in non-African capital markets, a 49% increase from 2016, according to PwC. Similarly, $7.5 billion in non-local currency debt was raised by African companies in international debt capital markets, a 68% increase from 2016. Despite a challenging…

Nigerian Breweries To Sponsors Okpekpe Road Race

  Nigeria’s pioneer and largest brewing firm, Nigerian Breweries Plc, has joined the growing list of corporate organisations who have thrown their weight behind the first IAAF silver label road race in Nigeria nay West Africa, the Okpekpe international 10km road race. Spokesman for the race Dare Esan revealed that the company is coming in…

Okpekpe Road Race Appoints Ecobank Mobile App as Official Bank Service Platform

Pamodzi Sports Marketing, organiser of the acclaimed Okpekpe International Road Race, has named Ecobank Mobile App as the official Banking Service platform for the 2018 edition of the race slated for Saturday May 12 in Okpekpe, Edo State. Mike Itemuagbor, Chief Executive Officer of Pamodzi Sports Marketing and Chief Promoter of the Okpekpe International Road…

Ecobank to rewards USD$10,000, USD$7,000, and USD$5,000 respectively in the Fintech Challenge Competition

Pan-African banking conglomerate, Ecobank has on Monday launched its 2nd annual fintech challenge competition for African startups. The initiative gives African startups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. “The maiden 2017 edition of the Challenge proved that Africa has an impressive…

Shell Plans to invest $15bn in Nigeria 

During the recent Commonwealth Business Forum which was part of the events at the Commonwealth Heads of State Meeting (CHOGM) held in London, President Mohammadu Buhari disclosed that the Shell Group is preparing to invest $15bn in Nigeria. The president also canvassed for a healthier business relationship among Commonwealth nations. In Buhari’s Words: “Before I…