News
9mobile Promotes Mental Well-Being, Physical Fitness Through the Yaba Fitness Fair
9mobile, has taken a significant step in promoting the mental well-being and physical fitness of Nigerians through the Yaba Fitness Fair in partnership with FitnessPlus.
The event, held in Yaba, Lagos, showcased a diverse range of fitness activities and mental health resources, emphasizing the importance of a healthy lifestyle and overall mental well-being through keeping fit.
Chineze Amanfo, Public Relations Lead at 9mobile, stated, “At 9mobile, we believe that a healthy body and mind are paramount for a fulfilling life. By supporting events like the Yaba Fitness Fair, we aim to raise awareness about the importance of physical fitness and mental well-being in our daily lives. We are delighted to have been part of this initiative and are committed to continuing our efforts in promoting a healthier and happier society.”
“In an era where the importance of mental health is gaining widespread recognition, 9mobile is taking proactive steps to address this issue. For almost four years, it has been at the forefront of promoting mental health with its 9mobile Health Talk Series, collaborating with mental health experts, and counsellors to speak on issues around mental health”, Amanfo added.
In her welcome remarks, Lara Olowookere, Chief Executive Officer of FitnessPlus, thanked 9mobile for the support adding that “Yaba Fitness Fair was born out of our belief that fitness should be a way of life. If you are deficient in mental and physical wellness, it can affect everything you do”. She said, “We are elated by the huge number of participants across all age brackets who turned up for this event.”
Amanfo also encouraged everyone to take advantage of the fair and make fitness a lifestyle as it helps in managing stress and enhancing mental resilience. “Mental health is as vital as physical fitness, and they often go hand in hand.
“At 9mobile, we are deeply committed to promoting mental wellness and physical health. Our initiatives are designed to raise awareness, provide support, and foster a sense of community around these important topics,” she further stated. 9mobile’s active involvement in the fair underscores the company’s commitment to the holistic wellness of its customers and the community at large.
The Yaba Fitness Fair aligns with 9mobile’s ongoing initiatives to support community development, health, and education. The company remains dedicated to creating a positive impact on the lives of its customers and the communities it serves.
The Yaba Fitness Fair brought together fitness enthusiasts, health professionals, and the local community to engage in aerobics, fitness challenges, stretches, tips on healthy living, tips on nutrition, dance, and other fitness challenges.
EFCC
The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.
The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.
Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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