UK GOVT INVESTS $6M IN INFRACREDIT TO BOOST NIGERIA’S ENERGY TRANSITION, INFRASTRUCTURE. (PHOTO).

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 UK Govt invests $6m in InfraCredit to boost Nigeria’s Energy transition, infrastructure The United Kingdom has announced an investment of $6 million towards unlocking domestic capital for Nigeria’s infrastructure development and energy transition. The investment was made through its MOBILIST programme to support the listing of InfraCredit on the NASD OTC Exchange Plc. The total listing by InfraCredit, Nigeria’s first and only domestic credit guarantor, is valued at N64 billion ($41 million). The company successfully raised NGN27 billion ($17.7 million) in new equity as part of the transaction. The investment from MOBILIST will further enable InfraCredit to expand its guarantee capacity and support a broader pipeline of infrastructure projects across the country. A statement by InfraCredit said the investment addresses this gap by offering Naira-denominated guarantees that enhance the creditworthiness of infrastructure debt instruments, thereby attracting investment from Nigerian i...
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69 PEOPLE DIED IN A FUNERAL AFTER DRINKING POISONED BEER IN MOZAMBIQUE.

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                             The beer is made from corn,sorghum or other crops.The beer is commonly consumed in feasts especially funerals in Africa.The mass poisoning occurred when people attending a funeral fell ill on friday in the village of Chitima in central Mozambique,with seven fatalities initially confirmed on saturday morning.Paula Bernado,the District Director for Health,Women and Social Action,said ''As we prepared to determine the cause of death of people,we began to receive a lot of people with diarrhea and other muscle aches.After that,we began to receive dead bodies from several neighborhood.Atleast 169 remained in the hospital,while samples of the brew and suspicious objects found inside the drum have been sent to the National lanoratory in the capital Maputo for testing''.Their President Armando Guebuza,declared three days of national mourning.    

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