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IFC, Seedstars Announce Top 100 Women-led Startups in SheWins Africa Initiative

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SheWins Africa Initiative

By Adedapo Adesanya

The International Finance Corporation (IFC) has selected 100 women-led startup owners to participate in the She Wins Africa program, an IFC-led initiative that aims to accelerate access to capital for women-led startups across sub-Saharan Africa.

The selected women will participate in comprehensive interventions that will strengthen their companies’ investment readiness, include advice and mentorship, and provide access to potential investors, industry leaders, and peers through matchmaking and pitching opportunities across Africa.

The initiative is a part of IFC’s broader commitment to promote gender equality and empower women entrepreneurs in emerging markets.

The 100 participants announced today were drawn from almost 3,000 applicants comprised of women entrepreneurs across Africa in sectors ranging from ag-tech, climate-tech, e-commerce, ed-tech, health-tech and intech etc.

Sub-Saharan Africa has the highest rate of female entrepreneurs globally, with approximately 26 per cent of female adults involved in entrepreneurial activity. However, according to a 2021 World Bank report, women founders in Africa receive only about three per cent of start-up finance.

This new initiative aims to close this app and in addition to the investment-readiness programme for the 100 selected participants, She Wins Africa will roll out other initiatives, including: a bootcamp to help lead 200 pre-seed women-led startups into acceleration phase, an initiative to open up acceleration support for an additional 200 women-led startups in areas where such support is not easily available; and a programme to create a coalition of funds, venture capital firms and gender-lens investors to improve access to finance for women and their businesses across Africa.

Speaking in this, Mrs Nathalie Akon Gabala, Director of Gender and Economic Inclusion at IFC said, “IFC’s She Wins Africa empowers women entrepreneurs through coaching, training, and financing, accelerating their growth and investment readiness throughout sub-Saharan Africa.

“It’s time for investors to step up and fund women. A strong entrepreneurship ecosystem benefits us all.”

The announcement follows the launch of the She Wins Africa program at the Africa CEO Forum in Côte D’Ivoire in 2023.

She Wins Africa is the second initiative of its kind, following IFC’s She Wins Arabia program which has supported 170 women entrepreneurs and more than 35 Entrepreneur Support Organizations (ESOs) in North Africa and the Middle East since 2021.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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INEC Declares Adeleke Winner of 2026 Osun Governorship Election

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governor adeleke

By Adedapo Adesanya

The Independent National Electoral Commission (INEC) on Sunday, August 16, 2026, declared the incumbent Governor of Osun State, Mr Ademola Adeleke, winner of the 2026 governorship election held a day earlier.

Mr Adeleke, who contested under the Accord Party, defeated his closest challenger, the All Progressives Congress (APC) candidate, Mr Bola Oyebamiji, to secure a second term in office.

The governor polled 511,067 votes, while Mr Oyebamiji scored 444,815 votes, giving Mr Adeleke a winning margin of 66,252 votes.

The African Democratic Congress (ADC) candidate, Mr Najeem Folasayo Salaam, came a distant third with 17,180 votes.

Mr Salaam had entered the election as one of the candidates expected to potentially emerge as a third force, particularly following the backing he received from former Osun Governor and former Minister of Interior, Mr Rauf Aregbesola.

However, that expectation did not translate into the numbers needed to seriously challenge the two leading candidates.

Mr Adeleke’s victory means he becomes only the third governor in Osun State’s history to win a second term through an election.

He joins Mr Olagunsoye Oyinlola and Mr Aregbesola in the state’s political history, although Mr Oyinlola’s tenure was later cut short following a court decision that nullified his election over irregularities.

Mr Aregbesola subsequently succeeded Oyinlola and went on to secure a second term, completing eight years in office.

Mr Adeleke’s re-election comes after a fiercely contested campaign marked by intense competition and reported violence from competing parties.

Despite those challenges, the governor consolidated his support across the state and secured a decisive victory over the APC candidate, extending his administration for another four years in the southwest states.

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Five Transmission Towers Collapse Along Ikot Abasi–Eket 132kV Line

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Ikot Abasi–Eket 132kV Double Circuit Transmission Line

By Modupe Gbadeyanka

The Transmission Company of Nigeria (TCN) has confirmed the collapse of five transmission towers along the Ikot Abasi–Eket 132kV Double Circuit Transmission Line.

This was attributed to severe acts of vandalism, as TCN disclosed that the structure collapsed after vandals removed critical structural bracing members.

The affected towers were N9, J4, N10, N11 and N12, the organisation said in a statement on Friday.

It explained that the extensive damage was discovered during a routine joint line patrol conducted on August 9, 2026, by TCN linesmen.

Further inspection revealed that structural members from seven additional towers along the same transmission corridor had also been removed and stolen. The towers, J3, N8, N13, N14, N15, N18 and N19, are now structurally compromised and pose a risk of further collapse.

TCN condemned this act of sabotage and reiterated its commitment to working hard to maintain a robust and reliable national grid.

The statement said that to mitigate the impact on electricity supply, the network has been reconfigured to prioritise supply to Ekim transmission station, leaving Ibom Power as the only station without supply.

TCN said it is mobilising an urgent intervention to complete the reconstruction of the affected sections of the line, with security agencies also notified to aid investigations and prevent further acts of vandalism along the line route.

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Abbas Warns Against Delay in Implementing New Ports Regulatory Act

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By Adedapo Adesanya

The Speaker of the House of Representatives, Mr Tajudeen Abbas, has urged all relevant government agencies to promptly initiate actions for the full implementation of the Nigerian Ports Economic Regulatory Agency Act, 2026, following its signing into law by President Bola Tinubu.

The bill, sponsored by Speaker Abbas, was aimed at repealing the Nigerian Shippers’ Council Act, Cap. N133, Laws of the Federation of Nigeria, 2004, and establish the Nigerian Ports Economic Regulatory Agency to ensure effective economic regulation of Nigerian ports while safeguarding the interests of shippers, service providers, and users of regulated port services. With the President’s assent, it has now been enacted as an Act of Parliament.

The legislation represents one of the landmark achievements of the 10th National Assembly. It reflects the Speaker’s commitment to legislative excellence, institutional reform, and sustainable economic growth, according to a press statement by the Special Adviser on Media and Publicity to the Speaker, Mr Musa Krishi.

The bill underwent a rigorous and inclusive legislative process, including extensive stakeholder consultations and a public hearing. It was passed by both Chambers of the National Assembly and subsequently assented to by the President.

The Act provides a robust legal and institutional framework to ensure effective economic regulation of Nigerian ports by fostering transparency, competitiveness, and efficiency in port operations; protecting the rights and interests of shippers, service providers, and other port users; and aligning Nigeria’s port regulatory system with global best practices, thereby enhancing the ease and cost-effectiveness of doing business.

Despite receiving presidential assent, the Act has yet to be fully operationalised.

He warned that any further delay would undermine the legislative intent of the reform, prolong the exposure of port users to arbitrary charges and operational inefficiencies, and deny the nation the anticipated benefits of increased revenue, improved trade facilitation, and stronger investor confidence in the marine and blue economy sector.

The Speaker urged the Federal Ministry of Marine and Blue Economy, in collaboration with all relevant Ministries, Departments and Agencies (MDAs) of the federal government, to take the necessary administrative, institutional, and financial measures for the prompt implementation of the Act.

He said this should include the formal transition to, as well as operational empowerment of, the Nigerian Ports Economic Regulatory Agency to discharge its statutory mandate effectively.

The full implementation of the Act is critical to unlocking the economic potential of Nigeria’s ports, reducing the cost of doing business, strengthening trade competitiveness, and positioning Nigeria as the leading maritime and logistics hub in West and Central Africa.

The statement noted that the Speaker reaffirmed the 10th House’s commitment to exercising the necessary legislative oversight to ensure this landmark legislation, along with others assented to by the President, is fully implemented and achieves its intended goals for the benefit of the Nigerian people.

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