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United Nations Reacts To Arewa Youth Kaduna Declaration Against Igbos In Northern Nigeria

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The UN is really concerned on the Kaduna Declaration by the Arewa Youth to Igbos in Northern Nigeria. The global body has called on different ethnic tribes and groups in Nigeria to be more tolerant to ensure unity and peace in the country.

The UN Resident Coordinator in Nigeria, Edward Kallon, said this in a statement Thursday.

Kallon noted with concern media reports of an ultimatum issued by northern youth groups calling for all Igbo people to leave Northern Nigeria by October 1.

He noted the ultimatum followed a sit-down-strike observed in the five states in South East Nigeria on May 30, purportedly meant to commemorate the 50th anniversary of Biafra.

He said this should be done in such a way that no one was left behind in the quest for sustainable development.

The coordinator especially urged cultural and religious leaders to play their part in guiding the youth to settle differences peacefully.

Kallon also stressed the need to re-invigorate the National Peace Committee, as it could play a role in addressing the current concerns that impinge on the peace of the country.

He recalled that the committee worked tirelessly during the election period in 2015.

“Nigeria is a great country with immense potential to build the welfare of its population and lead Africa in meeting the Sustainable Development Goals.

“This can only be achieved in an atmosphere of the rule of law and peace where all citizens live happily irrespective of their ethnic or religious backgrounds.

“I commend the Federal and State Governments, youth and civil society leaders, security agencies, cultural and religious leaders for their efforts to promote peace in the country.

“The UN is ready to continue supporting Nigeria to build an enduring democracy in peace, prosperity and respect for diversity,” Kallon said.

 

Why Globacom Will Acquire Etisalat Nigeria In 2017 [Video]

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In this videocast, I make a case why Globacom, the operator of the Glo brand in Nigeria, will acquire Etisalat Nigeria, in 2017. Etisalat Nigeria is in a very challenging position to pay back about $1.2 billion loan to a consortium of banks. In the current market dynamics, with deteriorating ARPU (average revenue per user), it will be extremely difficult for the telecom company to meet that obligation. Glo has liquidity, relatively, and is owned by a respected businessman (Mike Adenuga) who can raise any capital required to close a deal. Glo needs to close its subscriber gap with MTN which enjoys more than 20 million extra subscribers. You may ask – why not MTN, Airtel or AMCON? Answers here.

Kondoa, Rukarara And Winneba Win $7M From Access Co-Development Facility Competition

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Access Power  a developer, owner and operator of renewable power projects in emerging markets in partnership with EREN Renewable Energy (www.EREN-Groupe.com) a global independent power producer, has announced the three winners of the 2017 US$7 million Access Co-Development Facility (ACF) – an innovative funding and support platform for renewable energy projects in Africa.

The three winning projects, hailing from Tanzania, Rwanda and Ghana, were selected from a technologically and geographically diverse pool of 82 entrants from 23 countries after having presented to a live panel of industry expert judges. The panel based their final selection on the commercial, technical and environmental merits of the projects presented, as well as the local regulatory environment and capability of the project teams. The winners will share the US$7 million pot provided by the Access Co-Development Facility as well as technical support and expertise.

This year’s winners are:

  • Tanzania: 30MW, Kondoa, Solar PV project
  • Rwanda: 9.7MW, Rukarara, Hydro project
  • Ghana: 48MW, Winneba, Wind project

When completed, the projects will collectively provide over 85MW of electricity, enough to power more than 420,000 homes and business across Tanzania, Rwanda and Ghana. The winners were announced today in Copenhagen at the 19th annual Africa Energy Forum, following a presentation by the five shortlisted developers to a panel of expert judges.

The winning projects will now enter into Joint Development Agreements with Access Power, who will take an equity stake. This year’s competition was notable for the dominance of solar, with just under half of this year’s entries and three of the five shortlisted projects falling under the category, but also for the high number of applications from countries with low levels of electrification. Of the 23 countries represented in this year’s edition, 18 have electrification rates below 30%. This year’s application process also further highlighted the rise of East and West Africa as hotspots for renewable energy development, with nearly 80% of all applicants hailing from both sides of the continent.

GSMA Ecosystem Accelerator Opens £250,000 Grant Applications

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The GSMA’s Ecosystem Accelerator has unveiled its applications for the second round of grants through its Innovation Fund, with up to GB£250,000 on offer to startups from Africa and the Asia-Pacific region.

The GSMA Ecosystem Accelerator Innovation Fund provides selected start-ups in Africa and Asia Pacific with grant funding, technical assistance, and the opportunity to partner with mobile operators in their markets to help scale their products and services into sustainable businesses with positive socio-economic impact.

Apply by 16 July 2017

Round 2 of the Ecosystem Accelerator Innovation Fund opened on 1 June 2017 and all pitches are due by 16 July 2017 at 11.59pm GMT.

Areas of interests for this round are: ‘sharing economy’ and ‘services for SME’.

1. Sharing economy: defined as any mobile-based platform, product or service which enables low-income citizens in emerging markets to generate income from ‘underutilised assets’ through sharing those assets with their peers.

2. Services for SMEs: defined as any mobile-based solution, product or service designed for Micro, Small and Medium Enterprises (SMEs) – formal or informal – in emerging markets which unlock improved productivity and growth.

Curious about the start-ups that have been successful in the past? In April 2017 they announced our first round of start-ups with some  of them from Africa as noted in the graph below. Read our blog post to find out more.

 

Troublesome Video of Robbers In Zenith Bank Owerri on CCTV Footage

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A four-man armed robbery gang on February 22, 2017, stormed and attacked a Zenith Bank Owerri branch – Wetheral road Owerri, Imo state capital. The attack that left three police men and five bank customers injured and one of the armed robbers dead.