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IFC, Seedstars Announce Top 100 Women-led Startups in 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.
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Lagos Free Zone, CEVA to Enhance Integrated Logistics in West Africa
By Modupe Gbadeyanka
A strategic joint venture agreement has been signed between the Lagos Free Zone (LFZ) and CEVA Logistics. The deal will advance integrated logistics solutions in Nigeria and West Africa.
Under the agreement, a warehouse will be put in place within Lagos Free Zone, home to Nigeria’s Lekki Deep Sea Port. This facility positions importers to seamlessly access West African markets, particularly multinational manufacturers serving the region.
Importers leveraging the free zone warehouse facilities at Lekki Port will benefit from duty-free exports to the Economic Community of West African States (ECOWAS) markets, creating a streamlined and cost-effective logistics solution.
Because the logistics journey to this region requires a deep understanding of trade lanes, local port operations, and customs procedures, CEVA Logistics stands the chance to use its experience to deliver quality service to customers.
The JV will enable businesses to focus on their core operations while ensuring a seamless journey for goods from global origins to West African destinations.
According to the Vice President of Air and Ocean Product at CEVA IMEA, Jean-Baptiste Rambaud, the partnership will mark a new phase of enhanced logistics solutions, leading to a seamless journey for global trade in West Africa, a region with its dynamic and youthful population that represents a key growth market for global manufacturers, especially in the FMCG sector.
“Our targeted investments in Nigeria reflect our commitment to providing uninterrupted logistics services to our global clients exporting to West Africa, including ECOWAS.
“This free zone warehouse is the final piece in creating a seamless logistics journey for goods and products from around the world to West Africa,” Rambaud stated.
Also commenting, the chief executive of LFZ, Ms Adesuwa Ladoja, said, “By integrating Lekki Port, reliable industrial infrastructure, and efficient logistics solutions, we are building a logistics hub for West Africa. Collaborating with CEVA, a global leader in logistics, strengthens our ability to deliver on this vision.”
It was learned that the JV has been approved by the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria, with CEVA Logistics to hold a majority stake in the newly established entity.
General
Court Affirms FCCPC Authority to Investigate Consumer Complaints
By Adedapo Adesanya
The Federal High Court in Abuja has affirmed the powers of the Federal Competition and Consumer Protection Commission (FCCPC) to receive complaints, assess matters brought before it, and take appropriate lawful steps, including investigation where necessary.
In a judgment delivered on Monday by Justice James Omotosho, he dismissed the suit filed by Air Peace Limited challenging the commission’s authority to investigate consumer complaints and issue summons in the exercise of its statutory mandate.
Justice Omotosho affirmed the organisation’s powers under the Federal Competition and Consumer Protection Act, 2018 (FCCPA) to receive complaints, assess matters brought before it, and take appropriate lawful steps, including investigation where necessary.
Welcoming the decision, the chief executive of the FCCPC, Mr Tunji Bello, said the judgment provided useful clarity on the importance of regulatory oversight in protecting consumers and promoting fair market practices.
He noted that the matter arose from complaints relating to unrefunded ticket fares, cancelled flights, and other service concerns affecting passengers.
Mr Bello reiterated that consumers, who pay for services, were entitled to fair treatment, transparency, and redress in accordance with applicable law.
He further described investigation as an administrative process intended to establish facts and determine whether further action is warranted. It does not amount to a finding of liability or wrongdoing.
According to him, the commission is committed to engaging all market participants in a fair, professional, and transparent manner, while ensuring due process at every stage of its proceedings.
He encouraged businesses operating in Nigeria to cooperate with lawful regulatory processes and to maintain effective complaint resolution systems that address consumer issues promptly and fairly.
The FCCPC will continue to act within its statutory mandate to protect consumers, promote competitive markets, and strengthen confidence in essential service sectors, including aviation.
The Federal Competition and Consumer Protection Commission is Nigeria’s primary competition and consumer protection authority established under the Federal Competition and Consumer Protection Act, 2018.
General
2025 Coup Scare: FG Files Charges Against Suspects
By Adedapo Adesanya
The federal government has filed a 13-count charge before the Federal High Court, Abuja, against alleged plotters of a coup against President Bola Tinubu.
Among the suspects are a retired major general, a retired naval captain, a serving police inspector, and three others.
Recall that in January, the Nigerian armed forces confirmed that some of its personnel actually attempted to overthrow the government of President Tinubu in October 2025.
This followed speculations that the October 1 parade last year was abruptly cancelled due to an alleged attempt to remove Mr Tinubu from office by some members of the Armed Forces of Nigeria (AFN), with 16 persons arrested over the issue.
At the time, the Defence Headquarters said investigations had “identified a number of officers with allegations of plotting to overthrow the government” and would be “formally arraigned before an appropriate military judicial panel to face trial.”
“The comprehensive investigation process, conducted in accordance with established military procedures, has carefully examined all circumstances surrounding the conduct of the affected personnel. The findings have identified a number of officers with allegations of plotting to overthrow the government, which is inconsistent with the ethics, values and professional standards required of members of the AFN.
“Accordingly, those with cases to answer will be formally arraigned before an appropriate military judicial panel to face trial in accordance with the Armed Forces Act and other applicable service regulations. This ensures accountability while upholding the principles of fairness and due process.
“The AFN reiterates that measures being taken are purely disciplinary and part of ongoing institutional mechanisms to preserve order, discipline and operational effectiveness within the ranks. The Armed Forces remain resolute in maintaining the highest standards of professionalism, loyalty and respect for constitutional authority,” the statement read in parts.
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