The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.
Eko Comedy Festival organized by First Class Entertainment, is a festival solely put together to maximize Nigeria’s comedy for economic development, celebrate the comedy industry, tackle challenges on how to attain greater heights and showcase Lagos as a center stage for arts, tourism and culture.
CDC Group (“CDC”), the UK’s development finance institution, and Standard Chartered Bank (“Standard Chartered”) have today announced the signing of a memorandum of understanding for a supply chain finance programme that will increase financing for SME suppliers in Africa and South Asia, thereby boosting economic growth and trade opportunities.
Prior to the downturn, qualitative growth has largely been disconnected from its quantitative counterpart. Thus, as the business cycle began a reverse, the human development indices were heavily depressed; eventually blowing open a largely fragile index, as it quickly reaffirmed the position that growth for a long while has not been inclusive.