WorldStage President advocates Executive Order to compel Nigerian firms to commit 80% of advert budget to local media - ITREALMS

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The President/CEO of WorldStage Limited (WorldStage), Mr. Segun Adeleye, has proposed a decisive strategic interrogation of Nigeria’s advertising landscape, reports ITREALMS.

He called on the Federal Government of Nigeria to issue an Executive Order compelling corporate organizations operating within the country to devote 80 percent of their advertising budget exclusively to local media.

17 African countries commit to scale up electricity access as Mission 300 expands - ITREALMS

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Seventeen African governments have committed to reforms and actionable plans to expand electricity access as part of Mission 300, an ambitious partnership led by the World Bank Group and African Development Bank Group that aims to connect 300 million Africans to electricity by 2030, reports ITREALMS.

Arising from the Bloomberg Philanthropies Global Forum, national Energy Compacts, practical blueprints that guide public spending, trigger reforms, and attract private capital; were endorsed by Benin, Botswana, Burundi, Cameroon, Comoros, the Republic of the Congo, Ethiopia, Gambia, Ghana, Guinea, Kenya, Lesotho, Mozambique, Namibia, São Tomé and Principe, Sierra Leone, and Togo.

Gaza War: Israel, Palestine commit to peaceful coexistence - ITREALMS

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Amid the ongoing conflict between Hamas and the Israeli Defence Forces (IDF) in Gaza, Israel and Palestine have both expressed their commitment to peaceful coexistence. The commitment comes as thousands of casualties are recorded on both sides of the divide in the continuing war.

This was the outcome the 4th webinar edition of the Geopolitics Series on Thursday, which focused on the 'Israel-Hamas War and the Way Forward.' The event, organised by the Media Centre for Development (MCD) in Abuja, Nigeria, in collaboration with the West Africa Democracy Radio (WADR) in Dakar, Senegal, brought together stakeholders, Ambassadors of Israel and Palestine, and prominent voices across Africa. 

Donors commit $7.6bn to ADF - ITREALMS

ITREALMS:

The donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty, reports ITREALMS.

This fifteenth replenishment of the ADF (ADF-15), up 32 per cent from the previous cycle, sends a strong signal of trust in the Fund, which is the concessional window of the African Development Bank Group.

The Fund comprises 32 contributing states and benefits 37 countries – including those experiencing higher growth rates, headed towards new emerging markets, and fragile states needing special support for basic service delivery. The Fund’s resources are replenished every three years.

ADF-15 will support Africa’s most vulnerable countries by tackling the root causes of fragility, strengthening resilience, and mainstreaming cross-cutting issues. These include gender, climate change, governance, private sector development, and decent job creation.

“What a great pledge we’ve achieved with your support... Together we’ve exceeded the target set for this replenishment. What a great and successful replenishment story that is, “said Akinwumi Adesina, President of the African Development Bank.

Over the past 45 years, the ADF has played an important role in the development journey of African low-income countries.

Uboshe Uboshe/Editor

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