Financial Nigeria Magazine

Key Developmen­t and Finance Updates

- 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 ??
A smallholde­r farmer

Newspapers in English

Newspapers from Nigeria