Brands & PeopleFintech

Artificial intelligence could bridge Africa's $120 billion lending gap.

The Chief Executive Officer of VerifyMe, Esigie Aguele, says artificial intelligence will help accelerate Africa’s drive towards achieving open finance and bridging the continent’s $120bn lending gap. Aguele made the projection while speaking on a TV business programme, Power Lunch West Africa, on CNBC at the weekend. He said, “The opportunities that can be harnessed from AI in Africa are…
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Davido collaborates with PUMA to create a new clothing line

Superstar afro beats singer, David Adeleke, professionally known as Davido, has announced the release of his highly-anticipated PUMA collection. The singer, who has been absent from the public scene for several months, returned with new projects set to be rolled out in the…
Real Estate

African cities are ignoring demand for middle-class housing - report

The continued market activity in major African cities to deliver residential developments within the luxury and deluxe category has created a huge gap between the demand and supply for low-income earners, a report by Estate Intel has stated. The report titled ‘Residential developers dominating Africa’s major cities’ indicated that the demand for affordable and inclusive housing schemes…
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Gender equality will improve GDP by 50% – NITDA

The National Information Technology Development Agency said that gender equality in the digital space could increase the Gross Domestic Product of the country by over 50 per cent. The Director-General NITDA, Kashifu Inuwa said this on Friday at the closing ceremony of its…

Faster Internet expected as broadband hits 50%

Broadband penetration is set to hit 50 per cent before the end of 2023, expanding fast Internet access to Nigerians. In the Nigerian National Broadband Plan (2020 – 2025), the Federal Government set a 50 per cent broadband penetration target for 2023. In its policy…
Brands & People

Cadbury Honors Talent Winners

Cadbury Nigeria Plc has said that winners of Season 4 of its Bourn Factor School Talent Competition have emerged. The company, in a statement, noted that the winners emerged from different states across the country. It disclosed that the competition, which has been running since 2019, rewards winning schools with monetary prizes and sponsorship of a social impact activity of their…
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Real Estate

FCMB, firms partner on housing loans

First City Monument Bank says it has partnered with real estate firms, Brains & Hammers Limited and Brooks Assets & Resources Limited, to provide affordable housing for salary earners and self-employed residents in Lagos State. A statement by the bank said the…
Real Estate

US system, bank invests $274 million in affordable housing

The United State Government’s Prosper Africa initiative has announced the close of $274min long-term financing for the housing sector in Nigeria and other West African countries. TO achieve this goal, Prosper Africa is partnering with Bank of America Securities Inc, Brean Capital LLC, The Bank of New York Mellon, Togo’s Caisse Régionale de Refinancement Hypothécaire, the US Agency for…
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