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WHO Invest $1m to Mpox in Africa

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The World Health Organisation (WHO) has released the sum of $1 million from its Contingency Fund for Emergencies to support Mpox response efforts in Africa. 

Reports from the News Agency of Nigeria stated that the announcement was made by WHO Director-General, Dr. Tedros Ghebreyesus, during an online media conference on Wednesday.  

“The WHO has released $1 million from our Contingency Fund for Emergencies to support the scale-up of Mpox response,’’ said Dr. Ghebreyesus. 

Furthermore, he highlighted the urgent need for additional funds, stating that WHO has developed a regional response plan requiring $15 million to support surveillance, preparedness, and response activities.  

“The WHO has also developed a regional response plan requiring $15 million to support surveillance, preparedness, and response activities. We plan to release more funds in the coming days.” he stated 

The plan includes measures to accelerate vaccine access, particularly for lower-income countries.  

Two vaccines for Mpox have been approved by WHO-listed national regulatory authorities and are recommended by WHO’s Strategic Advisory Group of Experts on Immunization (SAGE).   

Ghebreyesus initiated the process for Emergency Use Listing of these vaccines to be distributed through Gavi and UNICEF. 

WHO is collaborating with governments, the Africa CDC, NGOs, and civil society to address the outbreak’s drivers and implement comprehensive response strategies, emphasizing community involvement.

Stopping transmission will require a comprehensive response, with communities at the centre,” Dr. Ghebreyesus emphasized.   

He reiterated WHO’s standing recommendations against imposing travel restrictions on affected countries and has decided to convene an Emergency Committee under the International Health Regulations to determine if the outbreak constitutes a public health emergency of international concern.  

Acknowledging support from Japan, the United States, the European Union, and vaccine manufacturers, Dr. Ghebreyesus noted ongoing efforts to ensure equitable access to medical countermeasures.  

“WHO was  grateful to Japan, the United States, the European Union and manufacturers for working with them on vaccine donations’’ he said. 

Mpox also known as monkeypox is a viral disease caused by the monkeypox virus.  

It was first identified in humans in 1970 in the Democratic Republic of the Congo. Mpox outbreaks are caused by different viral clades, Clade 1, and claude 2. Since the beginning of 2024, the Democratic Republic of the Congo (DRC) has faced a severe Mpox outbreak, with over 14,000 reported cases and 511 deaths.  

In 2022, the first outbreak was experienced gained global attention due to a widespread outbreak that spread to previously unaffected provinces, with new cases also reported in Burundi, Kenya, Rwanda, and Uganda. 

Clade 1, responsible for the current outbreak in Eastern DRC, causes more severe disease and has been confirmed in Kenya, Rwanda, and Uganda. 

Clade 2, which began spreading globally in 2022, has been reported in Nigeria, Cameroon, Côte d’Ivoire, Liberia, and South Africa. 

Mpox is contacted though close contact with infected animals or humans, or contaminated materials. The symptoms includes fever, rash, and swollen lymph nodes are common. Rash progresses from macules to pustules before scabbing. 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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