News
Greenwood House School Bags British International Membership Status
Greenwood House School, a dynamic Nursery and Primary School in Ikoyi, has emerged the winning school in the Association of Private Educators in Nigeria (APEN)/Grace Schools Senior Primary Spelling Bee Competition. The competition tagged “Super Spellers” had 51 participants from several schools in Lagos and held at Grace Schools, Gbagada, Lagos recently.
Fitrah Adegbite, a 10-year-old Primary 5 student who represented Greenwood House School in the competition defined his achievement as a result of the intense support and training given to him by his teachers at Greenwood House School. He was very happy that his hard work and commitment paid off.
Commenting on the student’s performance in the spelling bee competition, Dr. Mrs. Titilola Ekua Abudu, the Co-founder and Administrator of Greenwood House School explained that the school is always committed to giving their students the best education.
In view of this, the teachers spend quality time preparing the students for competitions like this and the management is highly impressed about the success of the spelling bee.
On how the students are prepared for spelling competitions, Dr. Abudu explains, “The students practice regularly and for the finals at least three times daily. A teacher is primarily assigned to each student with other teachers to support. Sometimes they spare time after school to train.
“We applaud competitions like this as they play a role in motivating students to work hard and we are extremely grateful for the opportunity extended to us to partake”.
More good news for Greenwood House School as it was recently awarded membership status by the Council of British International Schools (COBIS). COBIS is an organization in service of British International Schools around the globe.
This membership indicates total quality assurance and reiterates Greenwood House School’s commitment to excellent all round quality education for students and its dedication to teacher training. The Principal of Greenwood House School. Mr. Ronald Cilliers expressed delight on the COBIS membership.
He stated, “This membership status simply attests to the quality of education that we provide for our students and the opportunities we create for our teachers to excel. We will continue to put our best foot forward in educating our students and providing a solid educational foundation for them”.
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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