Key De­vel­op­ment and Fi­nance Up­dates

Financial Nigeria Magazine - - Contents - Com­piled by Daniel Iyanda

Gov­ern­ments need to do more in tack­ling di­a­betes

The Pres­i­dent of the In­ter­na­tional Di­a­betes Fed­er­a­tion (IDF), Pro­fes­sor Nam Cho, has called for more ac­tions from gov­ern­ment around the world in tack­ling di­a­betes. He made the call at the third United Na­tions high-level meet­ing on Septem­ber 27.

“Gov­ern­ments must do more and now is the time for them to take re­spon­si­bil­ity and be ac­count­able,” said Prof. Cho. “In 2014, 193 coun­tries com­mit­ted to achiev­ing a zero per­cent in­crease in di­a­betes by 2025. Four years on, re­ports show that the chances of this tar­get be­ing achieved are less than one per­cent.”

The World Di­a­betes Day 2018 Re­port by the IDF says only 17 per­cent of peo­ple be­lieve their gov­ern­ment is do­ing enough to tackle di­a­betes.

The UN meet­ing fo­cused on the preven­tion and con­trol of non­com­mu­ni­ca­ble dis­eases (NCDs) in­clud­ing di­a­betes, heart dis­ease and can­cer.

NCDs are re­spon­si­ble for about 40 mil­lion deaths each year, or 70 per­cent of all deaths. This is ten times more than the num­ber of peo­ple killed by HIV/AIDS, Malaria and Tu­ber­cu­lo­sis com­bined. The num­ber of peo­ple liv­ing with di­a­betes is ex­pected to in­crease to more than 500 mil­lion, or one in 10 of the global pop­u­la­tion, within a decade if the cur­rent lifestyle trends con­tinue.

Nige­ria, oth­ers to ben­e­fit from UNDP and Eni sus­tain­able en­ergy deal

The United Na­tions De­vel­op­ment Pro­gramme (UNDP) and Eni S.p.A (Eni), a global en­ergy com­pany, have signed an agree­ment to im­prove ac­cess to sus­tain­able en­ergy and help achieve the Sus­tain­able De­vel­op­ment Goals (SDGs) in Africa. The agree­ment was signed on the mar­gins of the 73rd ses­sion of the UN Gen­eral Assem­bly in New York.

Un­der the agree­ment, Eni will de­velop busi­ness ven­tures to in­crease ac­cess to clean en­ergy in the re­gion and UNDP will use its ex­ten­sive de­vel­op­ment net­work in over 170 coun­tries to fos­ter an en­abling en­vi­ron­ment to im­ple­ment the part­ner­ship and as­sess its sus­tain­able im­pact in lo­cal com­mu­ni­ties. The Eni projects will in­clude elec­tric­ity pro­duc­tion from pho­to­voltaic plants, wind farms, of­f­grid hy­brid so­lu­tions, re­for­esta­tion and clean cook­ing so­lu­tions.

Ac­cord­ing to a state­ment by the en­ergy giant, Nige­ria, An­gola, Congo, Cote d’Ivoire, Egypt, Gabon, Ghana, Kenya, Mozam­bique and Tan­za­nia are the first coun­tries slated for the ini­tial roll out of the part­ner­ship.

As part of this part­ner­ship, UNDP will also work to raise aware­ness for clean en­ergy and sus­tain­able busi­ness mod­els, and pro­vide train­ing and ca­pac­ity build­ing in re­cip­i­ent com­mu­ni­ties.

Africa Data Cen­tre As­so­ci­a­tion launches with 28 mem­bers

The Africa Data Cen­tre As­so­ci­a­tion (ADCA) has for­mally launched with 28 mem­bers at the maiden edi­tion of the Dat­a­cloud Africa Lead­er­ship Sum­mit in Morocco on Septem­ber 28. Fa­toun­mata Sarr Dieng, Di­rec­tor of In­ter­na­tional Op­er­a­tions and Op­er­a­tors at Sona­tel – a telecom­mu­ni­ca­tion com­pany in Sene­gal, was elected as pres­i­dent of the ADCA.

Dat­a­cloud Africa is the premier net­work­ing and deal-mak­ing event for data cen­tres and cloud IaaS (In­fra­struc­ture as a Ser­vice); and for their cus­tomers and in­vestors.

Ac­cord­ing to a state­ment by Broad­Group, smart­phone pen­e­tra­tion, dig­i­tal ser­vices ex­plo­sion, data sovereignty law, band­width and la­tency times are trig­ger­ing a bright fu­ture for the data cen­tre and colo­ca­tion busi­ness in Africa. The data cen­tre in­dus­try is one of the pil­lars of African eco­nomic de­vel­op­ment.

The ADCA, ac­cord­ing to the state­ment, is a non-profit, Pan-African pro­fes­sional as­so­ci­a­tion which will fos­ter the de­vel­op­ment of the in­dus­try in Africa and cre­ate a strong in­dus­try body on the con­ti­nent, and in­ter­na­tion­ally.

The other ADCA board mem­bers in­clude Nige­rian Ay­otunde Coker, Man­ag­ing Di­rec­tor, Rack Cen­tre.

Ger­man agency to launch

$4.1 mil­lion agri­cul­tural fi­nance scheme in Nige­ria

The Green In­no­va­tion Cen­tre for Agri­cul­ture and Food Sec­tor (GIC) has an­nounced that it will launch a $4.1 mil­lion agri­cul­tural fi­nance scheme in Nige­ria in Novem­ber. The Pro­gramme Co­or­di­na­tor in Nige­ria for the Ger­man agency, Caro­line Trim­born, said the pro­gramme will run for four years and the fund will be dis­bursed to small-scale farm­ers through com­mer­cial banks.

The pro­gramme co­or­di­na­tor made the an­nounce­ment in Abuja dur­ing a train­ing or­gan­ised by the GIC for jour­nal­ists.

“We are work­ing with banks to come out with good cri­te­ria that farm­ers could meet,” said Tri­born, adding that the funds will re­quire col­lat­eral but it will be spe­cific to each bank and its cri­te­ria.

The goal of the scheme, ac­cord­ing to Tri­born, is to im­prove the in­come and pro­duc­tiv­ity of 200,000 small­holder farm­ers cul­ti­vat­ing rice, maize, Ir­ish potato and cas­sava in the coun­try. Tri­born said the agency has dif­fer­ent in­ter­ven­tion plans along var­i­ous value chains.

The agency is work­ing on projects in Kano, Kaduna, Nasarawa, Benue, Plateau, Cross River, Oyo, and Ogun State to train up to 150,000 small­holder farm­ers. GIC is work­ing with the fed­eral and state gov­ern­ments and with a lot of pri­vate or­gan­i­sa­tions to boost agri­cul­tural pro­duc­tion and the liveli­hood of farm­ers in Nige­ria.

The GIC is a divi­sion of the Ger­man So­ci­ety for In­ter­na­tional Co­op­er­a­tion (GIZ). The GIZ, un­der the Ger­man Fed­eral Min­istry of Eco­nomic Co­op­er­a­tion and De­vel­op­ment (BMZ), works with busi­nesses, civil so­ci­ety ac­tors and re­search in­sti­tu­tions to fos­ter suc­cess­ful in­ter­ac­tions for de­vel­op­ment.

A small­holder farmer

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