News
EdoJobs, Green Fusion Group Train Edo Youths on Solar Energy Tech
EdoJobs has partnered with Green Fusion Group to train young persons in the state on solar power technology, including panel installation and servicing.
The initiative is part of a wide range of training programmes of EdoJobs, the state government’s skills development platform, charged with the task of creating at least 200,000 jobs in the state by 2020.
Mrs. Ukinebo Dare, senior special assistant to Edo State Governor on Skills development and Jobs Creation, who disclosed this at the graduation ceremony of the trainees at the Edo Innovation Hub, in Benin City, said that the state government is committed to actualising its vision for job creation and skills development in the state.
Dignitaries at the graduation ceremony included representatives of the World Bank and other top functionaries of the state government.
According to Dare, “The training is aimed at equipping youths with the knowledge of solar panel installation to enable them become self-reliant.”
She encouraged youths in the state to take advantage of the various training programmes offered by EdoJobs, to acquire relevant skills highly sought after in the labour market.
Dare assured that the “The state government is committed to skills development programmes for youths who are eager to learn.”
Mr. Kelvin Uwaibi, senior special assistant (SSA) to the Governor on Investment, urged the graduands to deploy their newly acquired skills into creating solutions to the problem of epileptic power supply in the state, noting that there was a big market for their products.
He added, “I am very confident that you are in the right training. With what you have learnt, you are well positioned to help solve the power problem in the state and country and stand to make a lot of money while doing that.”
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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