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Germany To Donate 100,000 Mpox Vaccine To African Country 

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Germany announced on Monday that it would donate 100,000 mpox vaccine doses from its military stocks to African countries grappling with a severe outbreak of the virus.

This contribution aims to help contain the mpox outbreak in the short term and support the affected countries in managing the crisis more effectively, according to a government spokesperson.

Germany’s donation is part of a broader strategy to assist the World Health Organization (WHO) in combating the spread of mpox. The government also plans to provide the WHO with flexible financial resources through various instruments and support its partners in Africa via the GAVI vaccination alliance, further underscoring its commitment to global health++.

Germany currently has a stockpile of approximately 117,000 doses of the Jynneos vaccine, which was procured in 2022 and is being maintained by the German army. The defense ministry has indicated that a minimal reserve will be kept to protecting traveling officials and personnel. Decisions on whether to reorder vaccines will be made separately, depending on future needs.

The WHO has declared mpox a global public health emergency following a substantial outbreak in the Democratic Republic of the Congo (DRC) that has now spread to neighboring countries. A newly identified variant of the virus, known as clade Ib, has heightened concerns due to its rapid transmission rate.

Efforts are being made to ensure the vaccines reach the affected regions as swiftly as possible. According to a foreign ministry spokesperson, the primary focus is on the DRC, with additional shipments planned for Burundi and other neighboring countries in East Africa, where the outbreak has also taken hold.

The mpox crisis has been exacerbated by the ongoing humanitarian situation in Sudan, where deteriorating conditions have led to an increase in cholera infections, with nearly 600 cases reported since July. This intersection of multiple health emergencies highlights the urgent need for coordinated international efforts to address both immediate and long-term public health challenges in the region.

It was earlier reported that the World Health Organization (WHO) released $1 million from its Contingency Fund for Emergencies to bolster Mpox response efforts across Africa.

The funds are aimed at supporting countries in containing the outbreak and preventing further spread of the virus. WHO officials have indicated that additional financial resources will be released in the coming days as part of a sustained effort to manage and mitigate the crisis.

The timely intervention by WHO comes as the Nigeria Centre for Disease Control (NCDC) reported a significant decline in both suspected and confirmed Mpox cases in the country over the past month.

In an update on its official website, the NCDC highlighted a marked reduction in reported cases.  According to the latest data, 51 new suspected cases of Mpox were recorded between epidemiological weeks 29 to 32 of 2024. This figure represents a sharp decline from the 102 cases reported during the previous four weeks, from weeks 25 to 28.

In addition to the efforts by WHO and NCDC, the Africa Centres for Disease Control and Prevention (Africa CDC) has also announced a comprehensive strategy through the deployment of 23 million vaccine doses in 2024, aimed at curbing the outbreak and preventing future cases.

As countries across the continent continue to face a range of infectious diseases amidst ongoing political and social challenges, Germany’s contribution is a significant addition to global efforts aimed at mitigating the impact of Mpox.

 

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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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