General
Nigeria’s Housing Deficit Requires Top-notch Solutions—Mixta Africa
By Modupe Gbadeyanka
To bridge the huge housing deficit gap in Nigeria, top-notch solutions must be developed and they must be a win-win situation for consumers and investors.
This is the view of Mrs Sade Hughes, the Country Manager for Mixta Africa, one of Africa’s largest indigenous real estate companies.
Reflecting on the company’s sterling performance in 2021, the real estate expert remarked that the estimated housing deficit of over 17 million residential units in the country requires a robust strategy to tackle.
According to her, Mixta Africa is well-positioned to solve the issue, stating that successes recorded in countries where it operates are evidence of this.
She said the firm plans to introduce more revolutionary real estate solutions, including the construction of additional luxurious homes and then enlist mortgage finance schemes aimed at encouraging prospective homeownership.
“We are working round the clock to ensure more and more Nigerians own properties at the best of deals. Our purpose is to build communities and provide enough homes for different classes of Nigerians and Africans.
“Part of this strategy is our decision to develop more affordable houses and engage mortgage providers to make more Nigerians own homes with easy payment plans,” she disclosed.
On her part, the Head of Marketing, Ms Onome Umukoro, hinted that the company’s estate projects such as the Obudu Villas, Beechwood Park 1 & 2, Adiva Plots and Cove Lofts were all sold out in 2021, while Lakowe Heights, Marula Park, Expressview Estate in Abuja, Adiva Plainfields/new release, commercial plots and the Residence Goree located in Senegal are all currently selling and on high demand.
“Our vision is to deliver urbanized and modern cities across the continent of Africa and we have garnered appreciable milestones in our estate projects. Our company has successfully developed more than 13,500 residential and retail units across 8 countries on the continent.
“We are currently present in 8 countries across Africa with full operations in Nigeria, Senegal, Côte d’Ivoire, Morocco, and Tunisia but projects in Mauritania, Algeria and Egypt,” Ms Umukoro said.
She highlighted other achievements of the company, including the provision of affordable houses within the developing township programme tagged Lagos New Town.
“Lagos New Town is a development concept where we host some of our most notable products including Lakowe Lakes Golf and Country Estate, Beechwood Estate and Adiva Plainfields. The idea is to provide housing for a different cadre of homeowners with exquisite and luxurious aesthetics with comfort and convenience in mind,” she added.
Mixta Africa founded in 2005 by a group of brilliant and innovative minds has continued to blaze the trail in the real estate market, building sustainable communities across many African countries.
The company has been variously awarded Great Place to Work Silver, Best High-End-Real Estate Company awarded by African Property Investment Awards and Fastest Growing Real Estate Developer in Africa 2021 by Global Brands Magazine.
General
EFCC Arrests Convicted Ex-Power Minister Saleh Mamman
By Modupe Gbadeyanka
The recently-convicted former Minister of Power, Mr Saleh Mamman, has been arrested by the Economic and Financial Crimes Commission (EFCC).
Chairman of the EFCC, Mr Ola Olukoyede, during a press briefing in Abuja on Tuesday, said the former senior government official was apprehended this afternoon along with two others accused of shielding him.
Earlier this month, Justice James Omotosho of the Federal High Court in Abuja convicted Mr Mamman for N33.8 billion fraud after he was found guilty of a 12-count charge brought against him by the EFCC. He was sentenced to 75 years in prison, though he was not present in court on the day of his sentencing.
Speaking with journalists today, Mr Olukoyede said the convict was arrested at 3:30 am on Tuesday in a house in Kano, where he was allegedly being protected.
“Ladies and gentlemen, you will recall that sometime in January 2025, we filed charges against the ex-minister of power for allegedly converting over N33 billion – money that was set aside for the Mambilla and Zungeru power projects,” Olukoyede said during a press briefing.
“About 14 to 15 months down the line, specifically on the 7th of this month, we secured convictions on all 12 counts. Because the defendant was not present, the issue of sentencing was shifted. And on the 13th of this month, he was sentenced in absentia.
“Since then, we decided to open our intelligence surveillance to the public, looking for him all over the place. I am happy to announce to Nigerians that at about 3:30 a.m. this morning, we arrested Mr Saleh Mamman somewhere in Kano. We have discovered that he was actually being protected all this while,” he said.
General
UK Backs Pan-African Founder Support Programme at London Tech Week
By Adedapo Adesanya
The United Kingdom is deepening efforts to position itself as a preferred global expansion hub for African startups with the launch of the UK–Africa Ecosystem Week, a coordinated support programme to be delivered during London Tech Week.
Powered by the UK–Africa Sandbox and Ventures 54 in partnership with the UK Department for Business and Trade (DBT), the initiative is expected to provide African founders with structured support to navigate business, investment and networking opportunities in the UK market.
The programme is also backed by the UK Nigeria Tech Hub, the UK South Africa Tech Hub, London & Partners and the Mayor of London’s office, signalling growing institutional support for stronger commercial and technology ties between the UK and African innovation ecosystems.
According to the organisers, the initiative introduces a more coordinated approach to participation at London Tech Week, one of the world’s largest annual technology gatherings, which attracts over 100,000 participants across more than 500 events yearly.
Founders participating in the programme will gain access to curated sessions, concierge-style support services, dedicated workspaces, investor engagement opportunities and market entry guidance tailored to African technology companies seeking expansion into the UK.
A flagship UK–Africa Ecosystem Day will also bring together investors, policymakers, ecosystem builders and founders to discuss commercial expansion opportunities and partnerships between both regions.
Founder of Ventures 54 and UK-Africa Sandbox, Mr Anthony William Catt, said the initiative was developed in response to the increasing number of African startups travelling to London Tech Week over the last few years.
He explained that what started as informal networking gatherings under the London Africa Network had evolved into structured programming and has now scaled into a full week of activities aimed at helping founders maximise opportunities available within the UK ecosystem.
“This is about putting the right structure in place, so African founders have a dedicated support track to get the most out of the week and access the best of what the UK has to offer,” he said.
Speaking on the initiative, Acting His Majesty’s Trade Commissioner for Africa, Mr Ben Ainsley, described the UK as a natural destination for ambitious African startups due to its large technology ecosystem, deep venture capital market and access to global talent.
“The UK Government is committed to supporting high-growth international companies succeed in the UK and initiatives like the UK–Africa Sandbox demonstrate our focus on making it easier for African founders to access support and fully engage with the UK’s world-class innovation ecosystem.”
The programme is expected to attract delegations and founders from countries including Nigeria, South Africa, Kenya, Egypt, Algeria and Ghana.
Organisers added that the initiative would extend beyond London Tech Week through the broader UK–Africa Sandbox platform, which aims to support African founders entering the UK market while also creating pathways for UK startups seeking expansion opportunities across Africa.
General
Interswitch Deepens Support for Federal Revenue Collection on RevOP Platform
By Modupe Gbadeyanka
Efforts by the federal government to improve its revenue collection are being boosted by the adoption of Interswitch’s Revenue Assurance and Optimisation (RevOP) platform.
As a Payment Service Solution Provider (PSSP), the leading integrated payments and digital commerce company has used its platform to strengthen public sector payment infrastructure and support Treasury Single Account (TSA) collections in Nigeria.
Through its integration with the RevOP platform, Interswitch continues to enable secure, end-to-end processing of payments initiated via the portal. Transactions are seamlessly routed into the TSA framework, ensuring compliance with federal government financial regulations while supporting efficient and accountable revenue management.
Leveraging its robust payment infrastructure, Interswitch facilitates multiple payment channels, including card and digital payments, delivering a seamless and reliable experience for citizens, businesses, and government agencies, fulfilling their payment obligations.
Interswitch’s continued role on the platform builds on its longstanding experience in supporting critical national payment infrastructure and collaborating with regulatory and financial institutions to drive digital transformation across Nigeria’s public sector. Its infrastructure is designed to ensure high transaction uptime, real-time processing, and secure data handling, all essential for effective public revenue collection.
By deepening its participation on the RevOP platform, Interswitch further strengthens its position as a trusted partner within Nigeria’s evolving digital payments ecosystem, while continuing to support initiatives that promote fiscal transparency, operational efficiency, and sustainable governance across government institutions.
“Interswitch is proud to continue supporting the federal government’s drive toward greater transparency and efficiency in public revenue management.
“Our role on the RevOP platform reflects our commitment to delivering a secure, seamless, and compliant payment infrastructure that enables all stakeholders to meet their obligations with confidence,” the Managing Director for INCLUSIO at Interswitch, Mr Muyiwa Asagba, stated.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
