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Tag: Germany

Investment

Nigeria seals €365m deal with Germany for devt, export credit deal

Nigeria and Germany have sealed a €65 million development cooperation deal and a €300 million export credit facility aimed at unlocking private investment and easing financing for key sectors. Vanguard reported that the agreement was reached in Abuja on Wednesday at the opening of a two-day bilateral negotiations on development cooperation between Germany’s Federal Ministry […]

Investment

Germany disburses ₦9bn to boost Northwest Nigeria farmers’ agribusiness

The German government, through the Deutsche Gesellschaft für Internationale Zusammenarbeit has disbursed over N9 billion under the Agricultural Finance project in Northwest Nigeria to support improve access to finances by farmers and agribusinesses in the Northwest states. The Cluster Coordinator for Agriculture and Rural Development at GIZ, Dr. Andrea Ruediger, stated this during the Northwest […]

Business

Germany–Nigeria trade jumps 30% to €3b

Germany–Nigeria trade relations have grown significantly, rising by 30 per cent to reach €3 billion. Ahead of the upcoming Nigerian-German Binational Commission meeting in Berlin, Ambassador Annett Gunther credited the surge to Nigeria’s ongoing economic recovery. Gunther stated that Nigeria remains “Germany’s second biggest trading partner in Sub-Saharan Africa with a total trade volume of […]

Electricity

Berlin blackout enters second day after suspected arson attack

A widespread power outage in Berlin, Germany stretched into a second day on Wednesday, leaving around 20,000 households and businesses without electricity after a suspected arson attack on two pylons. Full restoration is not expected until Thursday evening. The blackout, which initially affected about 50,000 customers in the German capital’s southeast, has disrupted daily operations […]

Ex-Filmhouse MD Moses Babatope launches new entertainment company
Business

Germany partners VFS Global to launch four new visa centres

Germany has expanded its visa processing network across Africa and the Middle East by opening four new Germany Visa Application Centres in partnership with VFS Global, a private visa outsourcing firm. The new centres include locations in Nigeria, Cameroon, and Cyprus. The expansion follows a renewed seven-year agreement between the German Federal Foreign Office and […]

Germany dives into tech warefare with spy cockroaches, AI robots
News

Germany dives into tech warefare with spy cockroaches, AI robots

Berlin is spearheading a new era of military innovation in Europe, with defence startups like Helsing leading the charge as the continent races to modernize its security infrastructure in response to the war in Ukraine. Founded just four years ago, Munich-based Helsing has become Europe’s most valuable defence startup, recently doubling its valuation to $12 […]

Germany charges Apple with antitrust violations over app tracking tool
Business

Nigeria crucial to meeting hydrogen needs – Envoy

German Ambassador to Nigeria, Annett Gunther, has stated that Germany is looking to Nigeria as a critical supplier in its quest to meet growing hydrogen demands and advance its green energy transition. Speaking at the opening of a two-day working group meeting on Nigeria’s hydrogen policy in Abuja, Gunther highlighted Nigeria’s abundant natural resources, strategic […]

Germany charges Apple with antitrust violations over app tracking tool
News

Germany charges Apple with antitrust violations over app tracking tool

Germany’s antitrust authority has charged Apple with abusing its market dominance through its App Tracking Transparency tool, accusing the tech giant of giving itself an unfair advantage over competitors. The move follows a three-year investigation by the Federal Cartel Office and could lead to daily fines if Apple fails to modify its business practices. The […]

X poised for first ad revenue growth since Musk takeover
News

Germany considers quitting X over concerns on algorithms

The German government is considering whether to delete its presence on the X platform due to concerns about its algorithms, a spokesperson confirmed on Friday. “This is a permanent consideration that we have to make again and again,” the spokesperson said, following a live conversation on the platform between billionaire owner Elon Musk and Alice […]

Germany considers tax reduction for foreign skilled workers
News

Germany considers tax reduction for foreign skilled workers

Germany is contemplating a tax relief initiative aimed at attracting skilled foreign professionals to the country. Under the proposed plan, new foreign workers could receive tax rebates of 30%, 20%, or 10% during their first three years of employment in Germany. This measure is part of Germany’s “growth initiative” to address shortages in various sectors […]

US SEC approves ETFs to track Bitcoin
Crypto featured

German govt left with $582m worth of Bitcoin

The German government which has been a source of serious concern for the crypto industry due to its on-chain activity is currently left with $582 million worth of Bitcoin after shedding over 80% of its Bitcoin assets. The German government has been seriously selling a big cache of Bitcoin assets in recent weeks, adding to […]

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