News
TMT Finance Partners IHS Towers on Inaugural Forum in Lagos

TMT Finance, the global telecom investment news and events provider, and IHS Towers, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, have announced the launch of the inaugural TMT Finance Africa in Lagos, Nigeria conference on September 20, 2016.
The conference will gather key leadership from telecom, media and technology companies, global and regional financial institutions, government representatives, investors, professional and legal advisers to assess the best opportunities for co-investment and partnership across the Africa.
“We are delighted to partner with TMT Finance for this event which will bring key telecom, media and technology focused international institutions and investors to Lagos,” said IHS Towers Co-founder and Interim IHS Nigeria CEO Mohamad Darwish. “Nigeria, being Africa’s largest economy, has always been a large hub for investments into Africa, and this Lagos event is proof of this continued phenomenon. As telecommunications, media and technology continue to converge, sustaining investment in development is critical to the sector. We hope that this conference will create a valuable platform for all players in the region to contribute to an exchange of ideas.”
“We are excited to have the opportunity to partner with IHS, and bring the conference series and our global network of industry and finance executives to Lagos for the first time,” said Dominic Lowndes, Managing Director of TMT Finance. “Lagos has become a critical hub for investment in telecoms infrastructure and services across Africa and the event will assess some of the most exciting opportunities for partnership and investment worldwide.”
Over 20 speakers have already been announced for the event, including key C-level financial decision makers from MTN, Bharti Airtel, IHS Towers, MainOne, Standard Bank, IFC World Bank, First Bank Nigeria, Africa Internet Group and Access Bank.
In total, over 50 key speakers will be announced, including leading regional telecom and tech CEOs, CFOs and Strategy Heads, Regulators, Policy Makers, Global and Regional Heads of leading financial institutions, investors and advisers. The agenda will feature a series of Leadership Panels, Peer to Peer Round Tables, Keynotes and Breakout Networking session.
Key session themes announced include: Telecom Leadership Africa: Broadband Infrastructure Investment; Digital Africa; Mobile Infrastructure Strategies; Mergers and Acquisitions; Private Equity Africa Roundtable; Regulation and Policy; Financing Telecoms; Broadband Infrastructure; Investing in Mobile Data and Services; Mobile Banking, Fintech and M-Health; and Media and Convergence.
“We are inviting companies and representatives from across the region, as well as global players, to participate and we encourage local players to contact us if they would like to take part,” said Lowndes. “We will announce the first round of key speakers in May.”
TMT Finance events provide a unique platform for facilitating dialogue between leading industry executives and the global financial and advisory community. Speakers and delegates are telecom, technology and infrastructure CEOs, CFOs, CSOs, MDs and Heads of M&A, investment banking heads, private equity investors, government representatives, regulators and specialist legal and strategic advisers and thought leaders.
—
News
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


EFCC
News
AfDB Supports Francophone Africa Start-ups with €6.5M

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.
News
Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

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.
E-Financial3 days agoNRS Targets N40trillion in Tax, Royalty Revenue in 2026
General News3 days agoPurple Woman 3.0 Is Back, to Empower Women in Tech this IWD 2026
E-Financial3 days agoSEC Revokes Registration of Kensington Agro Trading Limited
News3 days agoEFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud
E-Business3 days agoNDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al
E-Financial2 days agoNigeria’s VAT Jumps 34%, CIT Soars 48% to ₦14trn in 9M’25 – NBS
Telecom3 days agoKonga Launches ‘Berekete Sales’ with Up to 50% Discounts Across Major Categories
Telecom2 days agoFG Approves GIS-enabled Digital Postcode to Tackle Logistics Gaps, Boost E-commerce











