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A Nigerian utility company, Arnergy, which recently raised $9 million in a Series A round of funding renewable energy systems has been listed by Bill Gates and Associates among top five Cleantech outfits that will help save the planet.
The plan of Bill Gates and his friends is to invest in scientific breakthroughs that have the potential to deliver cheap and reliable clean energy to the world. The ultimate goal is to shepherd new zero-emissions technologies to the market. Since the inception of the firm seven years ago, its Founder and CEO, Mr. Femi Adeyemo has not only built an organisation that seamlessly creates solutions that make the environment safer, but has successfully built a brand that has got the attention of Bill Gates and his billionaires’ friends… More details through: https://www.thisdaylive.com/index.php/2021/04/29/nigerian-firm-makes-bill-gates-top-five-cleantech-companies/
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Cross River State Governor, Sir Ben Ayade, yesterday took delivery of yet another Boeing 737 aircraft at the Murtala Mohammed International Airport, Lagos for the state’s commercial airline, Cally Air. The arrival of the second aircraft is coming barely three weeks after the first one was received on April 6, 2021.
On ground to receive the second aircraft at Arik Air hanger in Lagos were the trio of the state Commissioner for Finance, Auquo Ekpeyong Jr., Director-General of of Due Process, Alphonsus Ogar, Director-General, Bureau of Public Private Partnership, Udiba Udiba… More details through: https://www.sunnewsonline.com/ayade-takes-delivery-of-2nd-boeing-737-aircraft-for-criver-airline/ Kano State Electricity Distribution Company on Tuesday signed a $100m Memorandum of Understanding with a foreign investor, Konexa, for the generation, storage, and distribution of electricity.
Konexa would invest $100m on the provision of cutting-edge technology in deploying renewable energy. The Chief Executive Officer of Konexa, Pradeep Pursnan, who said this at the British High Commission in Abuja where the MoU was signed, said the agreement was backed by the Nigeria Sovereign Investment Authority and would produce and distribute 10 megawatts of electricity to 30,000 consumers in Kano… More details through: https://punchng.com/kano-disco-signs-100m-deal-with-foreign-firm/ A Nigerian financial technology firm known as Flutterwave is the only African company among the 100 Most Influential Companies in the world, according to TIME 2021 list.
The company was named a “Pioneer” on the five-category list which has big names like Apple, Twitter and Stripe. In a statement, TIME said while the company was among the ‘Pioneer’ list as it sustained retailing and transactions for about 20,000 during the COVID-19 pandemic period. Just last month, the company announced that it had secured $170 million of Series C funding from global investors which raised the company’s worth at over $1 billion. The other companies in the Pioneer category include Savage X Fenty, Hello Sunshine, and Strava. There were more companies in the Leaders, Innovators, Disruptors and Titans categories… More details through: https://dailytrust.com/nigerias-flutterwave-only-african-coy-to-make-times-top-100-list Paxful, a global peer-to-peer fintech, has said Nigeria is now its biggest market with a volume of $1.5bn.
It disclosed this on Tuesday in a statement, titled ‘Nigeria emerges as Paxful’s biggest market, hits $1.5bn in volume with over 1.5 million users’. The Chief Executive Officer and Co-founder of Paxful, Ray Youssef, said, “Our mission at Paxful is to give everyone equal access to finance no matter who they are or where they are so they can control their own money and build the future they want with financial freedom… More details through: https://punchng.com/nigeria-now-our-biggest-market-crypto-trading-platform/ The Akwa Ibom State government has said its 146 rooms FourPoint Sheraton Hotels will begin operations this year.
The Director of Projects, Ministry of Special Duties, Engr. Ephraim Udosen, on Tuesday in Uyo said the multi-billion naira hotel located in Ikot Ekpene LGA is 97 per cent completed. The 12 floors edifice commissioned in 2015 was not completed before the commissioning, officials said. Udosen said modifications and upgrades in more than 50 key facilities and areas have been done to meet the standards of the hotel managers, Marriott, which has created a recruitment portal for the hotel… More details through: https://dailytrust.com/a-ibom-to-operate-146-room-hotel-this-year Overseas maintenance of aircraft costs scheduled local airlines excess of $107.317 million (N44 billion) yearly. The capital flight, from a conservative estimate of about 70 operating airplanes, lately soared given the black market exchange rate of close to N500/$1.
Stakeholders said the loss, to airlines in particular and the economy in general was avoidable had the Federal Government kept to its promise of setting up local maintenance Repair and Overhaul (MRO) facilities in the last six years… More details through: https://guardian.ng/business-services/local-airlines-spend-n44b-yearly-on-overseas-maintenance/ The Lagos State Government is completing modalities for the award of contract for the Fourth Mainland Bridge. The government gave an assurance on Tuesday that by December, the reserved and preferred bidders would be known, the News Agency of Nigeria reports.
Governor Babajide Sanwo-Olu’s Special Adviser on Works and Infrastructure, Mrs Aramide Adeyoye, made the disclosure during a ninisterial press briefing to mark the second anniversary of the Sanwo-Olu administration… More details through: https://punchng.com/lagos-to-award-fourth-mainland-bridge-contract-december/ Mercury Maritime Concession Company (MMCC) Limited, promoter of the proposed $2.9 billion Escravos Seaport Industrial Complex (ESIC – 1) in Delta State, said it has secured a provisional approval from the Federal Government to commence the port project.
The provisional approval was given to the promoter through the Federal Ministry of Transportation (FMOT). Andrew Okoja, chairman of MMCC, who disclosed this at the recent stakeholders’ forum held in Lagos, said the company is also perfecting plans to deposit the sum of $1 billion to the Federal Government through the Federal Ministry of Transportation as a show of commitment and capacity to deliver the port project… More details through: https://businessday.ng/maritime/article/promoter-gets-provisional-approval-to-build-2-9bn-escravos-seaport-in-delta-state/ Dangote Cement Plc, Africa’s biggest producer of the building material, will ramp up capacity by more than a third to meet Nigeria’s burgeoning demand as the economy recovers.
“We are expanding capacity from about 50,000 tons a day at the beginning of the year to 70,000 tons a day at the end of the year,” Edwin Devakumar, group executive director at Dangote Industries Ltd., said by phone. The cement manufacturer, owned by Africa’s richest man Aliko Dangote, is reactivating idle capacity at its Gboko plant, in Benue state, because of a 40% increase in demand in Africa’s largest economy, in the past seven months, Devakumar said… More details through: https://www.bloomberg.com/news/articles/2021-04-23/africa-s-top-cement-maker-boosts-capacity-to-meet-demand-surge |
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