Business
All On, RMI, and GEAPP Partner to Address Energy Access Gap in Nigeria with Focus on Mini-Grid Solutions

Lagos, Nigeria– 14-06-2024– – All On, a leading Nigerian impact investment company in partnership with Rocky Mountain Institute, (RMI) and The Global Energy Alliance for People and Planet (GEAPP) co-hosted an Alliance Partners Roundtable recently to discuss the existing and emerging challenges faced by Mini-grid developers and financiers, while proffering solutions that will drive growth and unlock scale within the Mini-grid Sector.
The event hosted Dr. Rajiv H. Shah, the President of Rockefeller Foundation, RF, a global institution with a mission to promote the well-being of humanity around the world. It highlighted the root cause(s) of the limited scale in the Mini-grid sector (Isolated & Interconnected Mini-grids), shared key learnings and opportunities from the Demand Aggregation for Renewable Technologies (DART) program, Energizing Agriculture Program (EAP), Utility Enabled DERs and DER Roadmap. These seek to address challenges related to financing, underutilization within the Mini grid sector, prohibitive financing cost, Import Dependency and Unavailability of FX, and lack of scale.
Sub-Saharan Africa, (SSA) faces an energy crisis, with 43% (590 million) people lacking electricity, according to International Energy Agency (IEA, 2021). Nigeria, the region’s most populous nation, is particularly affected, with 45% (99 million) people lacking access. This lack of access to electricity requires a significant funding increase of an estimated $27 billion annually needed by 2030 in SSA. With this, the event focused on exploring ways to unlock commercial, local currency financing and refinancing for mini grids, and of unlocking scale through productive uses of power for mini grids.
Speaking at the event, CEO, All On, Caroline Eboumbou, said, “This roundtable discussion with our esteemed partners emphasises the urgent need to address the energy crisis in Sub-Saharan Africa, particularly in Nigeria. With millions lacking access to electricity, innovative solutions like mini grids are crucial. This event focused on identifying the challenges that hinder mini-grid growth, such as financing limitations and underutilized capacity. By unlocking commercial, local currency financing and promoting productive uses of power, we can create sustainable mini-grids and empower communities across the region.”
“The World Bank, African Development Bank, and GEAPP are committed to partnering with project developers and governments to electrify 300 million Africans, with a focus on providing 100 million Nigerians with clean energy. We will learn from your challenges and work together to overcome them, fostering a more sustainable and equitable future for all,” said Dr. Rajiv H. Shah, President, Rockefeller Foundation.
Also speaking at the event, Nigeria Country Director, Rocky Mountain Institute, (RMI), Suleiman Babamanu, said, “We are thrilled to bring together renewable energy developers in the presence of the RF president for this alliance roundtable. This collaborative effort represents a significant step forward in our mission to create sustainable and resilient energy solutions. By combining our expertise and resources, we can address the pressing challenges of climate change and energy access, driving innovation and economic growth for communities worldwide.”
Other speakers at the event were, Finance Manager & DART Program Lead, All On, Tomilola Olakiigbe; Senior Associate, RMI, Folawiyo Aminu; CEO, Prado Power, Washima Mede and Nigeria Country Director, PowerGen, Seun Edun.
The Alliance Partners Roundtable represents a significant step in tackling the energy access crisis in Nigeria. By harnessing the collective knowledge and expertise of key stakeholders, the critical solutions to unlock the potential of mini grids identified can pave way for a future where millions in Nigeria and by extension Sub-Saharan Africa, can gain access to clean and reliable electricity, fostering economic growth and improved livelihoods.
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About All On
All On, an independent impact investing company, was seeded with funding from Shell, and works with partners to increase access to commercial energy products and services for unserved and underserved off-grid energy markets in Nigeria, with a special focus on the Niger Delta. All On invests in off-grid energy solutions spanning solar, wind, hydro, biomass and gas technologies deployed by both foreign and local access-to-energy companies that complement available grid power across Nigeria and help bridge its significant energy gap.
To learn more, please visit www.all-on.com
Contact: email all-on-communications@all-on.com
About GEAPP
The Global Energy Alliance for People and Planet (GEAPP) is an alliance of philanthropy, governments in emerging and developed economies, and technology, policy, and financing partners. Our common mission is to enable LMIC’s shift to a clean energy, pro-growth model that accelerates universal energy access and inclusive economic growth, while supporting the global community to meet critical climate goals during the next decade. As an alliance we aim to reduce 4 gigatons of future carbon emissions, expand clean energy access to one billion people, and enable 150 million new jobs. With philanthropic partners, IKEA Foundation, The Rockefeller Foundation, and Bezos Earth Fund, GEAPP works to build the enabling environment, capacity, and market conditions for private sector solutions, catalyze new business models through innovation and entrepreneurship, and deploy high-risk capital to encourage private sector solutions, and assist just transition solutions. For more information, please visit www.energyalliance.org and follow us on X at @EnergyAlliance.
Contact: email mpumi@africacommunicationsgroup.com
About RMI
Founded in 1982 as Rocky Mountain Institute, RMI is an independent, nonpartisan, nonprofit that transforms global energy systems through market-driven solutions to align with a 1.5°C future and secure a clean, prosperous, zero-carbon future for all. We work in the world’s most critical geographies and engage businesses, policymakers, communities, and nongovernmental organizations to identify and scale energy system interventions that will cut greenhouse gas emissions at least 50 percent by 2030. For more information, please visit www.rmi.org/
Business
Verve Expands Into UEMOA: Connecting Millions to Seamless Digital Payments Across West Africa

Verve, Africa’s largest domestic payments card and token brand, has taken a significant step towards expanding its Pan-African presence by officially launching card acceptance across countries in the West African Economic and Monetary Union (UEMOA) region, including Senegal, Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, and Togo, among others. This marks a significant milestone in Verve’s journey to building a truly interconnected African payment network.

This expansion is powered by a strategic partnership with GIM-UEMOA, the regional payment switch facilitating interoperability and financial inclusion across the UEMOA region, connecting banks and financial institutions in Francophone Africa. GIM-UEMOA provides the ideal platform to scale Verve’s reach in the region, offering a seamless connection between financial institutions, businesses, and consumers. At its core, this partnership is about expanding access, unlocking opportunity, and driving shared progress.

Through this collaboration, Verve is enabling millions of new users and businesses to access seamless, secure, and inclusive payment experiences, while reinforcing its commitment to innovation that meets the continent’s evolving financial needs.For consumers, this means the ability to use Verve cards across borders, connect with a wider network of merchants and services, and participate more fully in Africa’s growing digital economy. For businesses and financial institutions, it opens the door to new growth opportunities by providing access to a broader, digitally enabled customer base.This isn’t Verve’s first bold step. Over the years, the brand has formed strong alliances with global platforms such as Google, AliExpress, Temu, Netflix, Amazon Prime, and Spotify, among others. These partnerships allow Verve cardholders to easily access digital content, lifestyle perks, and everyday functionality, positioning Verve as not just a payment card, but a trusted lifestyle companion.In keeping with its commitment to consumer engagement, Verve continues to celebrate and reward its users through initiatives like the Verve GoodLife Promo, a campaign that rewards cardholders with exciting perks for everyday transactions. With the expansion into UEMOA, users across these new markets, including tourists, visiting consumers and entrepreneurs, can now look forward to the same rewarding experience that Verve cardholders enjoy in other parts of Africa.As Verve’s presence grows across the continent, so does its promise to deliver more value, convenience, and memorable experiences to users in every market it enters. This expansion into the UEMOA region brings Verve closer to its vision of connecting Africa through secure and inclusive digital payment solutions. It’s not just about where Verve cards can go, it’s about what they can empower people to do.Whether you’re a bank looking to broaden your digital offerings, a business aiming to reach more customers, or a consumer ready to experience smarter payments, Verve is here to empower your next step. Join the revolution!
Business
Interswitch Group Bolsters Talent Ecosystem in Africa, Hosts Fourth Edition of Career Fair.

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, has reinforced its commitment to harnessing a robust talent pool by empowering the Nigerian workforce to pursue personal and professional success. The company affirmed this as it announced the Interswitch Career Fair 4.0 set to hold at the Landmark Event Centre, in Victoria Island, Lagos on Saturday, May 10, 2025. The highly anticipated Career Fair event, tagged “The Talent Paradox: Enabling the Talent Ecosystem in Africa” aims to spotlight the various resources and insights available to skilled, career-driven individuals and young professionals to strategically align them for the workplace of today and the future. Going into the fourth edition, the event will host experts from Interswitch Group including Franklin Ali, Group Chief Human Resources Officer and Oremeyi Akah, Chief Customer Officer, alongside other industry experts including Lanre Basamta, Co-Founder, Optimus AI Labs; Isioma Utomi, CEO, Catalyst Experience Solutions; Adora Ikwuemesi, CEO, Kendor Consulting; Olushola Olaleye, Business Consultant and Gloria Babarinde who will draw from their prolific experiences and expertise to unravel the theme in a panel session. The event will also feature other engaging segments such as keynote and thought leadership sessions bordering trends and masterclasses on upskilling and thriving in the workplace amongst other pertinent discussions. Attendees can also look forward to the job fair where potential candidates can have face-to-face interactions with the expansive pool of hiring experts on ground. The Fair also presents an opportunity to network with like-minded individuals as well as a resourceful platform for the active exchange of knowledge and ideas. Mitchell Elegbe, Founder and Group Managing Director at Interswitch, underscored the essence of the Interswitch Career Fair 4.0 event, highlighting that the programme is a pathway to recognize and equip emerging talents and raise transformative leaders that consistently innovate to solve Nigeria’s biggest challenges and impact the African labour market overall. According to Elegbe, “The Interswitch Career Fair reflects our deep-rooted commitment to nurturing African talent. This platform was conceptualized to cast the spotlight on individuals ready to lead, manage effectively, and create meaningful impact wherever they go. It’s more than just an event—it’s a launchpad for career advancement, connecting high-potential professionals with the right opportunities.”Also commenting on the programme, Franklin Ali, Group Chief Human Resource Officer, Interswitch, said that “This Career Fair goes beyond simply matching people with jobs—it’s designed to equip ambitious talent with the tools and skills needed to excel in the ever-evolving world of work. As a company that values the power of collaboration, we’ve joined forces with respected partners like ALX, Philips Consulting, Udemy, GLSS and Pluralsight to enrich the experience and broaden what’s possible for every attendee.Interswitch Group, which recently bagged the 2024 ‘Happiest Workplaces around the Globe’ award, remains unwavering in its mission to Inspire Africa to greatness. Interested participants are encouraged to follow Interswitch’s social media handles for more information about the upcoming Career Fair.
Business
Trump suspends tariffs for several countries, increases China’s rate to 125%

n a bold move, President Donald Trump has raised tariffs on Chinese goods from 104% to 125%, while temporarily suspending tariffs on numerous other countries.
Trump revealed his decision on Wednesday, stating that the tariff freeze would apply to all nations previously affected by the duties.
The announcement follows his shock move earlier this month, when he introduced a 10% baseline tariff on all countries, with rates reaching as high as 50% for the “worst offenders.”
The tariff on Chinese imports, which started at 10% in March, has escalated progressively through 20%, 54%, 104%, and now to 125%—all in retaliation against China’s countermeasures.
In response, Beijing has implemented an 84% tariff on US goods, set to take effect on April 10.
Additionally, China has issued travel warnings for its citizens planning to visit the United States.
Trump criticized China’s actions as a “lack of respect” and emphasized that the US could no longer tolerate such behavior.
“At some point, hopefully soon, China will realize that the days of exploiting the U.S.A. and other countries are over,” he said in a statement.
The White House also mentioned that more than 75 countries have reached out to negotiate a resolution to the ongoing tariff dispute.
Trump confirmed that the suspension for these countries, as well as China’s new tariff hike, would go into effect immediately.
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