Business

Czech Republic Launched New Portal For Foreign Tech Expert

Published

8 months ago

June 11, 2024

The government of the Czech Republic have recently launched a new portal called ‘Work in Czechia’ aimed at attracting foreign talent to bolster the skilled labour market.

The news from Czech Republic stated that this initiative aligns with the European Institute for Innovation and Technology’s (EIT) Deep Tech Talent Initiative, which also seeks to upskill one million individuals in deep tech fields by 2025.

Consequently, the country has been actively inviting foreign professionals with the skills and ambition needed to contribute to an economy that highly values these attributes.

This initiative reflects similar recruitment efforts undertaken from Scandinavian countries in Europe.

Further emphasizing this strategic alignment, Czechia, according to a statement on the website, is coordinating with other European nations that are actively recruiting tech experts.

The Czech Republic which is in Europe, has a labour market with varied sectors which provides international workers with avenues for career advancement and personal growth.

It also has a network of both local and international companies and startups

The portal, is available in Czechia.EU and provides a comprehensive guide for foreign professionals, covering all aspects of life and work in the country. This includes detailed information on visa and immigration procedures, as well as tips for cultural engagement.

The head of the Czech Invest agency, Jan Michal, highlighted that the platform offers numerous opportunities, particularly in the technology sector. It also provides essential guidance on navigating the visa process, further facilitating the integration of international talent into Czechia’s workforce.

“The website provides foreign talents with a comprehensive overview of life and employment in our country.

“They can find all the necessary information on it – from details on visas and immigration to tips on cultural activities”, he said.

In. 2022, the European Institute for Innovation and Technology (EIT) launched the Deep Tech Talent Initiative, targeting the upskilling of one million individuals in deep tech fields by 2025.

This initiative is designed to close the talent gap by fostering a robust pool of deep tech professionals throughout Europe.

Business

FCMB, Proparco Partner to Boost Women-Led Businesses, Agriculture

Published

19 hours ago

January 23, 2025

Samson Adeyanju

By Our Correspondent

First City Monument Bank (FCMB), and Proparco have strengthened their partnership with a $35 million senior credit line and two guarantees—ARIZ (€3 million) and EURIZ (€6 million)—signed on January 20, 2025.

The deal, facilitated under the European Union’s EFSD programme, aims to empower small and medium enterprises (SMEs), with a focus on agriculture (90%) and women-led businesses (10%).

This initiative enhances FCMB’s role as a leading SME bank in Nigeria and aligns with global development goals, such as SDG 2 (Zero Hunger) and SDG 8 (Decent Work and Economic Growth). The funding will support high-impact sectors, including agriculture and renewable energy, fostering job creation and economic progress.

Proparco Deputy CEO Djalal Khimdjee emphasized the partnership’s impact: “This collaboration enables the growth of SMEs, advances gender equality, and strengthens food security in Nigeria, building a sustainable and resilient economy.”

Since 2014, Proparco has supported FCMB in advancing Nigeria’s economic development. This latest collaboration reaffirms both institutions’ commitment to inclusive growth and sustainable economic transformation.

Business

Cardoso Vows to End Buying, Selling of Naira Notes

Published

2 days ago

January 22, 2025

Samson Adeyanju

By Our Correspondent

Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has pledged decisive action to end the commoditization of the Naira, which has become prevalent across the country.

Speaking at the inaugural Stakeholders’ Conference of the Committee of Heads of Banks Operations (CHBO), in Lagos, themed “Commoditization of Naira: The Way Forward,” Cardoso, represented by his Senior Special Adviser, Fatai Kareem, described the practice as a grave threat to Nigeria’s financial system and economic stability.

He noted that the Naira, beyond being a currency, represents the nation’s identity and its stability is essential for economic growth.

However, the growing trend of treating the Naira as a commodity undermines its role as a medium of exchange.

Cardoso highlighted strategies to combat the issue, including public awareness campaigns on responsible currency use, enhancing cash management systems to ensure fair distribution, enforcing regulations against offenders, and promoting digital payment systems to reduce cash dependency.

Chairman of CHBO, Abraham Aziegbe, attributed the commoditization of the Naira to cash shortages in recent years, which forced Nigerians to pay premiums for transactions.

He emphasized the need for robust measures to address cash scarcity and prevent hoarding by financial institutions.

Business

Abuja BDC Denies Money Laundering, Terrorism Financing Allegations

Published

2 weeks ago

January 13, 2025

Samson Adeyanju

By Emmanuel Ogbodo
Abdullahi Abubakar Dauran, outgoing chairman of the Wuse Zone 4 Bureau de Change (BDC), merchants association, has dismissed allegations that the group is involved in money laundering and terrorism financing.
Dauran described the claims as baseless, emphasizing that the association operates within Nigeria’s financial laws.
He also refuted reports suggesting the formation of a parallel BDC group, calling them fabrications.
He urged the public to disregard the allegations and warned The Nation and The Independent newspapers to retract their reports within 48 hours or face legal action.