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AfDB to assist 30 SMEs scale up circular economy initiatives

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The African Development Bank (AfDB)-supported AfriCircular Innovators Programme has selected 30 Small and Medium Enterprises (SMEs) to receive financing and technical assistance to scale up circular economy initiatives.
The bank in a statement on Saturday,  said that this inaugural cohort, drawn from Cote d’Ivoire, Ghana and Rwanda, participated in its online onboarding event on August 9.
The AfriCircular Innovators Programme is funded by the AfDB’s Africa Circular Economy Facility (ACEF) and implemented in partnership with the African Circular Economy Alliance (ACEA).
According to the statement, the programme aims to support innovative circular economy solutions that foster sustainable and inclusive growth.
It said that Micro Small and Medium Enterprises (MSMEs) represented 80 per cent of Africa’s businesses, while the circular economy in Africa had the potential to generate 11 million jobs.
“The 30 selected enterprises will receive support to scale their circular initiatives within the five big bets, the sectors identified by ACEA for their high potential in job creation and economic growth.
” They include packaging, food systems, built environment, electronics and fashion and textile.
“Among the beneficiaries are enterprises developing smart energy metering, reimagining the construction industry using coconut husks, transforming plastic waste into durable construction blocks, and digitalising the collection and processing of e-waste,” it said.
The statement said Ndintambwe Feeds Limited, a Rwandan company that produces affordable animal feeds using insects and maggots as an environmentally-friendly alternative to soybean and fishmeal, was one of the selected businesses.
It quoted the founder of the company, Jean-Bosco Nshutiyimana,  as saying that the company faced numerous challenges as an SME.
” The biggest ones include limited financial capacity to fully implement our project, and the lack of required skills to sustain a profitable recycling business without harming the environment,” Nshutiyimana said.
Another beneficiary, Siboré Luxury Hair, represented by Koumbem Emilienne, said joining AfriCircular’s Innovators Programme offered a valuable opportunity for the company and aligned with its commitment to sustainability.
“Through this programme, we will benefit from the expertise and resources needed to optimise our production processes, and reduce waste and improve energy efficiency.
” Financial support and access to cutting-edge technologies will strengthen our production capacity and positive environmental impact,” Emilienne said.
The News Agency of Nigeria (NAN) reports that AfriCircular Innovators Programme aligns with the AfDB’s Jobs for Youth in Africa (JfYA) Strategy.
With Africa’s youth population set to double to over 830 million by 2050, harnessing this demographic dividend is vital for economics growth, against a backdrop of persisting high unemployment and underemployment.
The ACEF, as the sole Multi-Donor Trust Fund dedicated to mainstreaming the circular economy in Africa, strategically finances initiatives that drive inclusive and green growth.
It optimises resource efficiency, foster innovation, and create sustainable job opportunities.(NAN)
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Wike summons Julius Berger, AIC, FCDA, over contract discrepancy

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Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has expressed displeasure over contract discrepancy in the execution of the rehabilitation of the Abuja International Conference Centre (AICC).

The News Agency of Nigeria (NAN) recalls that the contract for the total rehabilitation of the AICC was awarded to Julius Berger in April 2024.

Wike, while inspecting the project in Abuja on Wednesday, however expressed surprise that the supply of furniture for the conference hall had been given to another company.

The minister, thereafter, summoned the heads of Julius Berger, Abuja Investment Company Ltd (AICL), and the Federal Capital Development Authority (FCDA) to explain what happened.

Wike, who commended Julius Berger for the quality of job so far, however, queried how the contract for the furnishing of the conference hall was taken away from it.

“The work was going as expected, the only problem we identified this afternoon has to do with the furniture that will be in the conference hall.

“I was surprised to hear that there is a different contractor for that which is unacceptable to us. The job was given to Julius Berger entirely. I cannot have different qualities.

“That is why I summoned the officials to come and tell us who did that, and on whose approval; because I approved the contract, I know the amount of money involved.

“So, when they say Abuja investment is the one, who is going to pay for it?

“I am not going to accept that, and of course, you know, if anything shoddy went on, you will hear that I have applied the big stick. Nobody will be a sacred cow,” he said.

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Wike stressed that he would not have two different contractors furnishing the same edifice.

This, he said, could affect the quality of the delivery.

“We cannot say that the gallery was furnished by Julius Berger and the conference hall furnished by another company. It is unacceptable to me.

“Nobody should do something that he knows is not in tandem with what we have agreed,” Wike said.

The minister also inspected the ongoing construction of Interchange at NICON Junction and the construction of Shehu Shagari Way (N16) to connect with Wole Soyinka Way.

He expressed satisfaction with the pace and quality of the project, stressing that the project would be ready for inauguration in May.

Wike assured the people living in the area that the FCTA would continue to do all it can to make sure that the projects were completed on schedule.(NAN)

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Matawalle Receives Bosnian Prime Minister , Strengthens Defence Ties

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In a diplomatic engagement aimed at bolstering international cooperation, the Honourable Minister of State for Defence, Dr. Bello Muhammad Matawalle, MON, welcomed a high-level delegation from Bosnia and Herzegovina on Tuesday.

The delegation, led by the Prime Minister of the Goražde Region, Mr. Edin Ćulov, was received at the Ministry of Defence headquarters in Abuja.

The visit, as confirmed by Matawalle’s media aide Ahmad Dan-Wudil, marks a significant step in Nigeria’s ongoing efforts to deepen bilateral ties with global partners who share its commitment to security and sustainable development.

Representatives from Rain Integrated Nigeria Ltd, headed by Alhaji Alhassan, were also present at the meeting, underscoring the involvement of private sector stakeholders in driving international cooperation.

During the engagement, Dr. Matawalle conveyed the unwavering support of President Bola Ahmed Tinubu’s administration for international partnerships that enhance Nigeria’s defence infrastructure and contribute to peace and stability on a regional and global scale.

“Nigeria remains open to strategic collaborations that fortify our national security and promote lasting peace,” the Minister stated, highlighting the government’s intent to foster meaningful alliances with like-minded nations.

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Nigeria Commits to Homegrown Military Solutions, Says Matawalle

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The honorable Minister of State for Defence, Dr Bello Muhammad Matawalle, has reaffirmed the government’s commitment to advancing local defence production and military innovation through strategic partnerships with the private sector.

Speaking during a meeting with the leadership of Homeland Protectors and Supplies Ltd, led by Chairman Muhammad Ali bin Aadi, at the Ministry of Defence in Abuja, Matawalle outlined plans for a long-term joint venture between the company and the Defence Industries Corporation of Nigeria (DICON).

The discussions, held at Ship House, focused on capacity-building training and the deployment of advanced technological solutions to strengthen Nigeria’s defence and security framework.

In a statement issued by his Personal Assistant on Media, Ahmad Dan-Wudil, Matawalle emphasised that such collaborations align with the newly enacted DICON Act, signed into law by President Bola Ahmed Tinubu.

The legislation mandates that all military procurement be channelled through DICON, cementing its pivotal role in Nigeria’s defence industrial ecosystem.

“The Federal Government is dedicated to enhancing indigenous capabilities in defence production,” Matawalle said, underscoring the importance of private sector involvement in achieving these goals.

The partnership is expected to bolster Nigeria’s ability to address security challenges through homegrown solutions, reducing reliance on foreign military imports.

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