News
Stanley Jegede Foundation Joins Fight against Cancer in Children
Stanley Jegede Foundation (SJF), reiterating full commitment to its impact based and result oriented Global Health and Welfare program (GHAW); has lent active support to Child Survival and Development Organization on its United Against Cancer “Run for Cure” advocacy campaign that is targeted at increasing awareness on early treatment and eradication of cancer in children.
Child Survival and Development Organization were founded by Mrs Onari Duke, and work in active collaboration with teaching hospitals across Nigeria mainly their pediatric oncology departments to offer assistance in the treatment, and eradication of childhood cancer.
According to Mr Stanley Jegede, SJF executive chairman, “to sustain awareness; prompt action and strengthen the fight against the hideous and completely life altering disease that cancer is, active initiatives such as “Run for Cure’ cannot be too many. It is fairly common knowledge that cancer has no respect for colour, creed, gender or age and that it is an ailment that attacks the immune system aggressively, and its medical treatment in a large number of cases can also wipe out a victim’s immune system.
Hence, generating awareness on lifestyle choices that can keep it at bay or actively supporting technologically or community driven efforts to find a permanent cure that can help victims resume a life of normalcy with little or no trauma is not only a noble cause but a life goal for Stanley Jegede Foundation through its GHAW programme.
He addsed that SJF is most dedicated to initiatives that fight against cancer (especially in children that are its most vulnerable victims) as well as other such collaborations that focus largely on the health and welfare of the Nigerian child – as the foundation’s core vision is motivated by a zeal to “make good quality of life accessible to Africa’s less privileged; especially children and youths – towards the achievement of their life or career goals”.
He said that SJF team is particularly humbled that Child Survival and Development Organization chose to extend an opportunity to be a part of its 2017 “Run for Cure” initiative and he is confident that SJF will continue to support campaigns to eliminate cancer and assist patients especially in remote communities in the coming years.
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.
MultiChoice to Discontinue Showmax Streaming Platform
GCR Affirms Afreximbank’s International Scale Ratings of A, A2
SmartCash Launches ‘No Be Cho Cho Cho’ Campaign to Boost Digital Banking in Nigeria
MTN Nigeria Non-Executive Director Mazen Mroue Quits to Focus on Group Role
Google Adds Yorùbá, Hausa to AI Search, Boosting Access for Millions of Nigerians
Dr. Cairo Ojougboh Foundation Bolsters Nigeria’s Education Drive with ₦2.7m Student Support
Kaspersky Brings more Transparency to Threat Detection with New Hunt Hub
NDPC Commits to Balancing Data Privacy, Protection Information
PwC Reveals AI Scaling Gap Slows Africa’s Digital Transformation
Firm Reviews the Evolution of Phishing Threats in 2025
E-Financial2 days agoNRS Targets N40trillion in Tax, Royalty Revenue in 2026
E-Financial2 days agoSEC Revokes Registration of Kensington Agro Trading Limited
General News2 days agoPurple Woman 3.0 Is Back, to Empower Women in Tech this IWD 2026
News2 days agoEFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud
Telecom2 days agoKonga Launches ‘Berekete Sales’ with Up to 50% Discounts Across Major Categories
E-Business2 days agoNDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al
General News2 days agoNCDC Raises Alarm over Lassa Fever Ravaging 18 States in Nigeria
E-Financial2 days agoNigeria’s Net Reserves Surge 50% to $34.8bn in 2025 – CBN Governor