News
Winners Emerge in Grooming Film Extrapreneurs Competition

Sahara Group’s ‘Grooming Film Extrapreneurs’ competition has produced 20 finalists following rigorous screening of over 150 docu-film entries by celebrated Nigerian movie producer and director, Kunle Afolayan.
Describing the screening process as “nostalgic and indicative of a bright future for the film industry,” Afolayan said he swelled with pride all through exercise, reassured that Nigerian youths will always rise to the occasion – when given the right platforms.
“We saw everything we were looking out for in good measure; overall film-making capability, style of storytelling, subject matter interpretation, audio and visual quality, aesthetics as well as understanding of the perspective of a story. This has been a hugely successful project for Sahara Group and my team and we are confident that many success stories will emerge from these film makers.”
Powered by the Sahara Foundation, ‘Grooming Film Extrapreneuers’ is a novel initiative designed to provide a hub for budding film makers to hone their skills through collaboration and access to shared expertise.
Unveiled in June 2016, the competition required young film makers to create 15-minute documentaries that capture and celebrate entrepreneurs at work across the nation, using the theme: My Nigeria, My Platform…Nigeria through an entrepreneur’s eyes.
The shortlisted 20 finalists include: Albert Adeshoga, Iniabasi Udosen, Babtunde Oyewunmi, Heaven Kalu, Azeez Hussein, Onome Egba, Dorothy Njemanze, Ashkay Makar, David Medugu and Alabi Kayode. Others are: Jude Dare, Efe Edosio, Joseph Duke, Oluwatobi Yeye, Hamed Adedeji, Georg Nakanda, Chineye Balogun, Ezekiah Balogun, Daniel Ecwalu and Victor Enam.
Bethel Obioma, Head, Corporate Communications, Sahara Group, said the project reinforces the company’s commitment to facilitating sustainable development through entrepreneurship and youth empowerment.
“We received amazing entries including one from Uganda. The riveting stories of entrepreneurs whose businesses were showcased in the entries underpin our confidence in a better future for Nigeria.
Sahara is proud of these 20 finalists – the number 20 is commemorative of our 20th anniversary this year – and we look forward to the emergence of the ultimate winner. Most definitely these young entrepreneurs will be the next big names in the film industry.”
Obioma added: “We are also confident that our extrapreneurship platform will create opportunities for funding, advisory and sundry alliances for the businesses highlighted in the docu-films.”
In addition to promoting and sustaining growth in the arts, the project seeks to shape a positive narrative about Nigeria that highlights our enterprise and productivity as a people.
The overall winner – who will soon be unveiled – will undergo a mentorship programme with Kunle Afolayan for six months.
Sahara Foundation is the Corporate Responsibility vehicle of Sahara Group, Africa’s leading power, energy and infrastructure conglomerate with operations in over eight (8) countries across four (4) continents.
Over the next four years, Sahara Foundation plans to directly impact 12,000,000 beneficiaries and also create value through the identification, development and maintenance of relevant stakeholders through which beneficiaries can grow and sustain businesses.
This will be achieved through skills acquisition training, mentoring and access to a network of committed stakeholders.
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-Financial2 days agoIran-Israel-US Conflict and CBN’s FX Gains: A Stress Test for Nigeria’s Monetary Stability
E-Financial2 days agoMutual Benefits Assurance Reaffirms Full Regulatory Compliance, Enhanced Governance
General News2 days agoJAMB Uncovers AI-Driven Fraud Targeting UTME Candidates, Warns Parents
General News2 days agoSERAP Asks FCCPC to Investigate Google, Meta, Others over Alleged Rights Abuses
News2 days agoTeamApt, Awabah Partner to Boost Pension Drive for Nigerians
News2 days agoFlashChange CEO, Bidemi Oke, Urges Startups to Build Strong Governance Structures Early
Telecom1 day agoWhy Digital Trust Matters: Secure, Responsible AI for African SMEs?
Telecom1 day agoSunil Bharti Mittal Conferred GSMA Lifetime Achievement Award for Transforming Global Telecommunications












