Connect with us
Anglostratits

Business

Nigus and Elmirate announce $200m initiative to support Africa’s security sector

Published

on

Nigus

Nigus and Elmirate sign a strategic agreement to invest up to $200 million in building advanced defense, satellite and technology manufacturing capabilities in Nigeria

ABUJA, Nigeria, March 16, 2026/APO Group/ –Nigus International Investment Limited (www.Nigusng.com) and Elmirate Investment LLC (www.Elmirate.ae) (Elmirate Capital) have signed a strategic memorandum of understanding to develop a next-generation defense technology, satellite systems and advanced manufacturing platform in Nigeria, backed by a planned investment of up to $200 million.

 

“Africa is entering a pivotal phase in its development, where technological capability will increasingly define economic strength and national security,” said HRH Prince Malik Ado-Ibrahim, Executive Chairman of Nigus International Investment Limited. “Through this partnership we are working to build a platform in Nigeria that supports innovation, advanced manufacturing and meaningful technology transfer. Our objective is to create a sustainable industrial base capable of serving national priorities while contributing to the wider security needs of the region.”

 

“We are proud to partner with Nigus International on an initiative that aligns with Nigeria’s ambition to become a leading technology and aerospace hub,” told Pankajj Ghode, Managing Director of Elmirate Capital. “Our planned commitment of up to $200 million reflects strong confidence in Nigeria’s economic potential. By connecting our global network of defense, cybersecurity, aerospace and advanced technology partners with local expertise, we aim to support the development of a resilient ecosystem that drives industrial growth and strengthens regional stability.”

 

Nigeria moves toward sovereign defense capabilities

 

The collaboration will be implemented through a newly established Special Purpose Vehicle, Nigus Tactical Systems Ltd, which will serve as the central platform for investment, technology integration and operational development. The initiative is designed to support Nigeria’s ambitions to strengthen domestic defense production, build advanced technology capacity and reduce reliance on imported security infrastructure.

 

The partnership will operate within Nigeria’s regulatory framework under the Defense Industries Corporation of Nigeria (DICON) and in alignment with the provisions of the DICON Act 2023. By combining international technology partnerships with local leadership, the project seeks to accelerate the development of high-value industrial capabilities while supporting national security objectives and economic growth.

 

Building an integrated defense and space ecosystem

Our objective is to create a sustainable industrial base capable of serving national priorities while contributing to the wider security needs of the region

 

The planned platform will focus on building advanced manufacturing capabilities that can support multiple layers of modern security infrastructure. Central to the initiative is the development of Class C local defense manufacturing platforms that enable Nigeria to produce essential systems domestically while strengthening industrial self-reliance.

 

The project will also explore the development of tactical and ISR drones as well as tactical unmanned aerial systems designed to enhance situational awareness and operational readiness. Complementing these capabilities will be advanced counter-terror surveillance and intelligence systems that integrate modern data analysis and monitoring technologies.

 

Manufacturing activities are expected to include ammunition and munitions production, alongside the development of armored vehicles and protected mobility systems designed for modern operational environments. These capabilities will be supported by advanced surveillance technologies and integrated intelligence platforms that can enhance border security and national defense operations.

 

Positioning Nigeria as a regional technology hub

 

Beyond traditional defense manufacturing, the partnership intends to expand into cyber defense and digital security infrastructure. This includes the development of military cyber defense platforms and cyber ranges that can support training, testing and resilience against emerging digital threats.

 

Satellite technologies and space-based intelligence systems are also expected to form a key component of the initiative. Planned capabilities include earth observation technologies, communications infrastructure and secure satellite networks that could support both defense operations and civilian applications.

By integrating geospatial intelligence, satellite data and modern surveillance capabilities, the project aims to contribute to the creation of a comprehensive space-defense ecosystem in Nigeria.

Distributed by APO Group on behalf of Nigus International Investment Limited.

 

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

Published

on

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

Continue Reading

Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

on

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

Continue Reading

Business

MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

on

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

Continue Reading

Trending