✈️ Nigeria Unveils Its First Indigenous Attack Drones

Today’s Menu ☕️

✈️ Nigeria Unveils Its First Indigenous Attack Drones in a Bold Step Toward Military Self-Reliance
🪐 Nigeria to Begin Licensing and Regulation of Space Activities with N20 Billion Presidential Boost
💰 Djamo Raises $17m to Expand Digital Banking Across Francophone West Africa
💰 Cameroon’s FAC Secures €2 Million from IFC for expansion

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 DRONES

Nigeria Unveils Its First Indigenous Attack Drones in a Bold Step Toward Military Self-Reliance

The Nigerian military, in collaboration with Briech UAS, has officially unveiled Africa’s first and largest indigenous attack drones and bombs. The unveiling, held at Briech UAS headquarters in Abuja, marks a watershed moment for Nigeria’s defense capabilities in the face of increasingly complex security threats.

Speaking at the event, General Christopher Musa, Nigeria’s Chief of Defence Staff (CDS), hailed the unveiling as a critical step toward ending the country’s over-reliance on foreign arms suppliers. He described the locally developed drones as “force multipliers” capable of transforming how Nigeria addresses internal and regional security challenges.........…continue reading

🏦 SPACE RESEARCH

Nigeria to Begin Licensing and Regulation of Space Activities with N20 Billion Presidential Boost

In a landmark step toward asserting sovereignty and strategic oversight in the space sector, the National Space Research and Development Agency (NASRDA) is preparing to roll out its long-overdue space regulation and licensing framework. This move follows the approval of a ₦20 billion take-off fund by President Bola Tinubu, signaling a new era for Nigeria’s space economy........…continue reading

💰TRAININGS 

Get Ready for upcoming Product Trainings from Tenth Code Media this April

As we enter a new quarter, it's the perfect time to refocus, set goals, and invest in career growth. Our upcoming training offers valuable insights into product development and design, equipping you with the skills to enhance strategic thinking, creative problem-solving, or transition into product management.

Introducing 2 awesome training courses:

1️⃣ New Product Development & Management Fundamentals
What You’ll Learn: The key stages of product development from idea to launch
Learn how to create and manage effective product roadmaps that align with business goals, conduct market research to develop products that truly resonate with users, and apply best practices in product lifecycle management to ensure long-term success.

🗓️ Date: Wednesday 10th – Thursday 11th April, 2025
📍Location: Canton Concourse, Oniru, Victoria Island - Lagos. 
✍🏽Registration Link: bit.ly/TCNPD0425 

2️⃣ Product Design Fundamentals
What You’ll Learn: The principles of user-centered design
Learn how to transform ideas into wireframes and prototypes, master essential UI/UX design tools and techniques, and gain industry insights to kickstart or advance your career in product design.

🗓️ Start Date: Saturday 27th April, 2025 (6 consecutive Saturdays), 
💻 Location: Online
✍🏽Registration Link: bit.ly/TCPD0125 

📲 DIGITAL BANKING

Djamo Raises $17m to Expand Digital Banking Across Francophone West Africa

In a major milestone for Francophone Africa’s fintech scene, Ivorian digital bank Djamo has raised $17 million in fresh equity funding to expand its services across the region. The round, led by Pan-African venture capital firm Janngo Capital, marks the largest VC raise by any startup in Ivory Coast, underscoring growing investor confidence in Djamo’s mission to bridge the financial access gap in underserved markets.

While many African fintechs focus on Nigeria, Egypt, or South Africa, Djamo has carved out a niche in French-speaking West Africa, specifically Ivory Coast and Senegal. Since launching in 2020, the Y Combinator-backed startup has amassed over 1 million customers, tapping into a population largely excluded from traditional banking.......…continue reading

💰INVESTMENTS

Africa50 Secures $40m from South Africa’s PIC

Africa50, the pan-African infrastructure investor and asset manager, has welcomed the Public Investment Corporation (PIC) of South Africa as its 36th shareholder with a $40 million investment.

The PIC, which manages $141.5 billion in assets on behalf of South Africa’s Government Employees Pension Fund (GEPF), becomes the latest—and one of the most influential—partners in Africa50’s growing coalition of investors working to bridge Africa’s massive infrastructure gap........…continue reading

💰INVESTMENTS

Cameroon’s FAC Secures €2 Million from IFC for expansion

The International Finance Corporation (IFC)—a member of the World Bank Group—has partnered with First African Company SA (FAC) to expand the local production of affordable, nutritious dairy products and fruit juices.

Announced some days ago, the collaboration includes a €2 million financing package that will fuel FAC’s production capacity, introduce new product lines, and generate over 1,000 direct and indirect jobs across the country’s agribusiness value chain.

The package comprises a €1 million loan from IFC’s own account and an additional €1 million concessional loan via the Canada Facility for Resilient Food Systems (Canada FRFS). These funds will be used to scale up FAC’s yogurt and juice offerings, including the launch of a new yogurt product line that will particularly benefit underserved and rural communities in Cameroon........…continue reading

OTHER STORIES

• ChatGPT users have generated over 700M images since last week, OpenAI says….continue reading

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