Ebury announced as sponsor for Scotland London Africa Week 2025

The Scottish Africa Business Association (SABA) has confirmed global financial services provider Ebury as a sponsor for Scotland London Africa Week 2025. The company will support the Scotland Africa Networking Reception at Dover House—hosted with the permission of the Secretary of State for Scotland, Rt Hon Douglas Alexander MP—as well as Commonwealth briefings with selected African Heads of Mission.

Their involvement strengthens this year’s programme and underscores a shared commitment to advancing trade and commercial ties between Scotland and African markets.

Scotland London Africa Week has rapidly grown into a major platform connecting business leaders, investors and institutions with opportunities across Africa. Last year’s edition featured senior government and industry representatives, insight sessions and new commercial partnerships that are already yielding results. With nearly 20 Scottish companies confirmed and more than 150 Africa-focused participants expected for 2025, interest continues to rise.

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International trade remains central to economic growth for both Scotland and African partners. As global supply chains evolve, the need for agile partnerships and strong financial infrastructure is increasingly essential. SABA reports growing interest from Scottish organisations in sectors including energy, maritime, agriculture, education, skills development and aquaculture.

Ebury’s sponsorship reflects its strategic focus on supporting global business flows. As a specialist in international transactions, FX and trade finance, the company brings expertise that will benefit organisations exploring African opportunities. Diageo’s continued support also highlights the strengthening links between major global companies and the Scotland–Africa business community.

SABA Chief Executive Frazer Lang welcomed the partnership, describing Scotland London Africa Week as “a vital platform for dialogue and action,” and noted that Ebury’s global reach aligns with SABA’s mission to unlock trade and investment across Africa.

Ebury’s UK Country Manager, Phil Monkhouse, said Africa remains one of the most dynamic regions for growth, adding that the partnership will help Scottish businesses engage with high-potential markets “with confidence on the international stage.”

SABA says Ebury’s partnership reinforces the essential role of robust financial solutions in driving successful cross-border expansion and further positions Scotland as a trusted trade and development partner for African nations.

AfDB grants $9.48m to boost climate resilience in Sahel Wetlands

The African Development Fund has approved a $9.48 million grant to support climate resilience efforts across key Sahelian catchment basins under the Community and Ecosystem Resilience and Adaptation Project.

The funding, provided through the Fund’s Climate Action Window, targets severe climate and human-induced degradation in wetlands across Burkina Faso, Mali, Niger and Senegal. These ecosystems face pressures from unsustainable resource use, weak management systems and the growing impacts of climate change.

The project’s first phase will focus on assessing the vulnerability of eight Sahelian wetlands and identifying green economy opportunities to empower women and youth. Subsequent components will strengthen sustainable water management, agroforestry, fisheries production and local governance structures.

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The initiative will also enhance the capacity of the Climate Commission for the Sahel Region, improve climate services and establish early warning systems to better anticipate climate risks. A regional Project Management Unit will coordinate implementation, monitoring and governance.

Activities will span key ecological zones, including the Volta and Niger basins in Burkina Faso, protected areas in Bougouni, Mali, Ramsar sites in Niger, and the Senegal River Biosphere Reserve.

Air Peace loses $15m to disruptions as lessor withdraws aircraft

Air Peace Ltd. has attributed  sudden disruptions in  its domestic operations to ‘illegal’ withdrawal of three  aircraft  by its wet lessor, Smartlynx Airlines.

The airline said on Friday that the disruptions cost it 15 million U.S. dollars.

The Chief Commercial Officer at Air Peace, Mr Nowel Ngala, disclosed this at a news conference in Lagos.

According to Ngala, Air Peace has experienced a number of operational disruptions, resulting in flight delays and cancellations.

He said that Air Peace entered a wet-lease agreement with Smartlynx because 13 of its aircraft were undergoing scheduled maintenance abroad.

According to him, to avoid service gaps and ensure Nigerians would continue to travel conveniently, the airline leased aircraft from SmartLynx.

He said that the sudden withdrawal of the three aircraft was illegal and a breach of contract.

Ngala said that the withdrawal inflicted financial loss and reputational damage to Air peace and the Nigerian travelling public.

“This withdrawal was done without prior notice. It is a clear violation of industry standards and of an agreement between both parties.

“What makes this even more concerning is that SmartLynx had collected money upfront from Air Peace.”

He said that the lessor claimed that the owners of the aircraft wanted them withdrawn.

“Over five million dollars of our money including over a million dollars paid as security deposits for those aircraft are with them (SmartLynx).

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“This situation has caused over 15 million dollars in damages to Air Peace. These aircraft had already been rostered for scheduled flights, and their sudden removal created significant gaps in our operations,” he said.

Ngala said that Air Peace had released  three of the aircraft to the owners in good faith.

According to him, one more aircraft remains, and the airline is requesting for refund.

He said that was not the first time Air Peace was placed in a difficult situation by a lessor.

According to him, a lessor had  ‘vanished’ with over two million dollars from Air Peace in the guise that it was taking  leased aircraft for maintenance.

He said that the aircraft was never returned and the fund unaccounted for.

“These actions, unfortunately, reflect the challenges Nigerian carriers often face in international leasing arrangements. We cannot allow that to happen again,” he said.

According to Ngala, in spite of  the challenges, Air Peace has completed its aircraft maintenance and two have arrived for services.

He said that the airline hoped  to resume full operations across all its routes from next week as more of its aircraft would return.

He said: “We regret the difficulties our passengers have experienced, and we appreciate their patience and understanding throughout this period.

“Air Peace remains firmly committed to providing safe, reliable and world-class flight services.

“We assure the Nigerian public that we are taking every necessary step to prevent such disruptions in the future and to hold all defaulting partners accountable.”

Ngala said that the airline’s London flights had not been disrupted.

(NAN) 

Big 5 Global showcases Intl solutions to strengthen Africa’s construction supply chains

As urbanisation accelerates across the Middle East, Africa and South Asia, demand for housing, transportation and large-scale infrastructure continues to surge. With the UN projecting that 68% of the global population will live in cities by 2050, construction stakeholders are turning to Big 5 Global to access international technologies that enhance supply chain resilience, boost efficiency and support sustainable development.

Bringing together participants from more than 165 countries—70% of whom are global solution providers—Big 5 Global connects Africa’s construction market with a worldwide network of manufacturers, suppliers and technology innovators.

Strengthening Global Supply Chains

This year’s event features 2,800 exhibitors and over 60,000 products and solutions, offering buyers a diverse range of sourcing options to support reliable, cost-efficient project execution.

Germany and Italy return with advanced materials, including high-performance concrete and stone systems. India expands its presence with cutting-edge MEP and smart construction solutions for major projects across Africa and the Middle East. Austria and Pakistan showcase export-ready innovations in modular construction, interiors and MEP systems designed to reduce cost overruns and improve delivery timelines.

Exhibitors from Armenia, Croatia, Hungary, Jersey, Norway, New Zealand and Serbia further broaden procurement opportunities for firms seeking resilient and diversified supply routes.

Lufuno Ratsiku, President of the South African Council for the Projects and Construction Management Professions (SACPCMP), said Big 5 Global continues to play a vital role in shaping the continent’s construction future.

“Beyond theoretical discussions, it enables high-impact dialogue on urban development, construction and technology solutions, helping position Africa’s industry professionals at the forefront of regional growth and resilience,” he said.

Digital Tools Transforming Procurement and Delivery

At Digital Construction World, global brands including Autodesk, Nemetschek Group, Odoo, Premier Construction Software, Procore Technologies, RIB Software and Trimble demonstrate how digitalisation is reshaping procurement, project tracking and site management.

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Solutions featured include:

  • Odoo, which integrates procurement, HR and operations into a single suite
  • Premier Construction Software, which streamlines cost monitoring and project control
  • Trimble, whose automation tools reduce site rework by up to 25%
  • Meter Technology, which offers a fully integrated digital platform capable of completing complex surveying and engineering work within 48 hours

Meter Technology Founder and CEO Eng. Ahmed Al-Ansary said the platform replaces decades-long inefficiencies with AI-powered precision across nine countries.

Sustainability and Smarter Materials

Eco-friendly construction takes centre stage, with global exhibitors focusing on reducing environmental impact throughout the supply chain.

China’s Eco-Friendly Zone, built entirely from recyclable materials, highlights solutions for low-carbon construction. Other key contributors include:

  • Grundfos Gulf Distribution, showcasing energy-efficient pumping systems
  • Deewan Equipment Trading, presenting modular and precast manufacturing plants that cut onsite waste
  • Hitech Concrete Products, offering thermally efficient precast wall systems
  • GF, returning with sustainable MEP solutions and building technologies

Michael Rauterkus, Executive Committee member of GF, said sustainable water management remains essential as the region pursues one of the world’s most ambitious urban development agendas.

Driving Regional Development and Net-Zero Goals

Josine Heijmans, Senior Vice President at dmg events, noted that the global construction sector must accelerate collaboration to meet net-zero targets and rising urbanisation demands.

“Big 5 Global continues to connect governments, international manufacturers and regional players, strengthening construction supply chains and advancing sustainable growth across the built environment,” she said.

The event is supported by key regional partners, including the UAE Ministry of Energy and Infrastructure, Dubai Civil Defense, Dubai Municipality, Riyadh Region Municipality, Meter Technology, GF, Daikin, Hisense, Schüco, Alumil, and others.

Egypt-GCC forum boosts trade and investment partnerships

H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, participated in the ministerial opening session of the Egypt-GCC Trade and Investment Forum, focusing on “Prospects for Trade and Investment Relations between Egypt and GCC Countries.” The forum reviewed investment environments, highlighted legislative reforms, and discussed strategies to strengthen public-private partnerships and regional economic integration.

The session brought together high-level officials, including Egypt’s Ministers of Petroleum and Labor, and senior representatives from the UAE, Saudi Arabia, Oman, and Qatar. It was chaired by Dr. Alaa Ezz, Secretary-General of the African and European Chambers of Commerce.

In her address, Dr. Al-Mashat highlighted Egypt’s deep historical ties with GCC countries, emphasizing mutual trust, shared vision, and complementary economic strengths. She noted that Gulf countries remain Egypt’s leading regional investors, contributing significantly to sectors such as energy, real estate, tourism, financial services, agriculture, and telecommunications.

“This forum comes at a critical time amid rapid regional and global economic changes, requiring deeper strategic partnerships to enhance economic integration and develop shared value chains,” Dr. Al-Mashat said.

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She outlined Egypt’s economic recovery, noting GDP growth of approximately 5% in Q4 FY 2024/2025, up from 2.4% the previous year, resulting in an annual growth rate of 4.4%. Key sectors driving growth include tourism, industry, and IT/telecommunications.

Dr. Al-Mashat also presented Egypt’s Narrative for Economic Development: Reforms for Growth, Jobs & Resilience, which emphasizes:

1.            Macroeconomic stability as a foundation for sustainable growth.

2.            Structural transformation toward tradable sectors including industry, tourism, agriculture, energy, and IT.

3.            Redefining the state’s role to empower and incentivize the private sector.

She highlighted initiatives such as the “Hafiz” platform, which provides an integrated digital bridge connecting private sector institutions with development partners, offering financial, technical, advisory, and capacity-building services. Since 2020, the platform has facilitated around USD 16 billion in concessional financing for the private sector.

Dr. Al-Mashat concluded by stressing the importance of institutional frameworks to activate Egypt-GCC cooperation and praised joint initiatives with the UAE, Oman, and Bahrain, which showcase shared expertise and integrated practices that can accelerate economic and investment partnerships.

“This forum represents a new step in strengthening Egypt-GCC partnerships, supporting an integrated and sustainable Arab economy based on innovation, investment, and capacity integration,” she said.

The forum reinforces Egypt’s commitment to deepening economic ties with the Gulf, leveraging regional cooperation to support sustainable growth, investment, and job creation across the Arab world.

World Bank approves $430m project to transform Tunisia’s Energy Sector

The World Bank and the Government of Tunisia have signed a US$430 million financing agreement to modernize the country’s electricity sector through the Tunisia Energy Reliability, Efficiency, and Governance Improvement Program (TEREG). The five-year program, which includes US$30 million in concessional financing, aims to deliver a sustainable, reliable, and affordable electricity supply while accelerating Tunisia’s renewable energy transition.

Aligned with Tunisia’s updated Energy Transition Strategy, TEREG will strengthen the performance of the national electricity utility, STEG, attract private investment, and reduce the carbon intensity of power generation. The program also supports reforms to boost renewable energy deployment, enhance energy efficiency, and modernize sector governance.

“By fostering renewable energy development, TEREG will strengthen Tunisia’s position in clean energy, create economic opportunities, and ensure long-term energy security,” said Alexandre Arrobbio, World Bank Country Manager for Tunisia.

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The initiative is expected to mobilize US$2.8 billion in private investment, adding 2.8 gigawatts of solar and wind capacity by 2028, and creating over 30,000 jobs during the construction phase. TEREG also aims to reduce electricity supply costs by 23%, improve STEG’s cost recovery from 60% to 80%, and cut subsidies by TND 2.045 billion.

“This is the first project benefiting from the World Bank’s Framework for Financial Incentives, recognizing its long-term impact on reducing greenhouse gas emissions,” said Amira Klibi, Senior Energy Specialist at the World Bank and Task Team Leader. She noted that reforms such as reducing technical and commercial losses and increasing the share of renewables will improve the operational and financial performance of Tunisia’s electricity sector, making energy more affordable and reliable for households and businesses.

TEREG builds on ongoing initiatives such as the Tunisia-Italy Electricity Integration Project (ELMED), the Energy Sector Improvement Project, and advisory support from the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), reinforcing Tunisia’s commitment to the Paris Agreement and its long-term energy transformation goals.

Africa Tech Festival 2025 opens with focus on responsible AI

Africa’s technology leaders opened the 28th annual Africa Tech Festival 2025 with a unified call for responsible, inclusive, and people-centred digital innovation to drive the continent’s AI and tech future.

The opening day brought together government officials, global tech companies, and startup leaders to discuss strategies for ethical AI, equitable digital access, and meaningful social impact. Key participants included South Africa’s Minister of Communications and Digital Technologies, Hon. Solly Malatsi, Deputy Minister Hon. Mondli Gungubele, and representatives from Cassava Technologies, OpenAI, and Meta.

Minister Malatsi stressed that Africa’s digital growth depends on affordable connectivity, reliable digital infrastructure, and strong digital literacy.

“When these foundations are in place, everything else accelerates,” he said, highlighting the importance of coordinated action to ensure technology benefits society at large.

In a major announcement, Cassava Technologies revealed it is now Africa’s first NVIDIA Cloud Partner (NCP), deploying NVIDIA GPUs across five sites to power AI development. Founder Strive Masiyiwa noted partnerships with Google, Anthropic, and others are enabling access to world-class AI tools tailored for African industries.

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Deputy Minister Gungubele, speaking on “Building Digital Nations – Governance for a Tech-Driven Africa,” highlighted South Africa’s national AI policy as a blueprint for safe, inclusive, and transformative AI innovation.

The AI Summit Cape Town featured panels on equitable AI access, open-source innovation, and the role of autonomous systems in African industries. Speakers included Emmanuel Lubanzadio (OpenAI), Akim Benamara (TechAfrica News), Thabo Makenete (Meta), Katarzyna Hewelt (Resolution), Abdul Kader Baba (Infrastructure South Africa), and Ravi Bhat (Microsoft Africa).

“Africa Tech Festival is more than an event—it’s a movement showcasing Africa’s ingenuity and ambition in the digital age,” said Kadi Diallo, Portfolio Manager of Africa Tech Festival. “This year, the focus is on responsible innovation that delivers real-world impact.”

The festival, running across multiple platforms including AfricaCom, AfricaTech, The AI Summit Cape Town, and AfricaIgnite, also celebrated entrepreneurial innovation during AfricaIgnite Founder Day on 10 November, drawing investors, founders, and venture capitalists.

The opening day concluded with AFest at Grand Africa Café & Beach, offering delegates networking opportunities alongside live music and entertainment.

The 2025 edition of Africa Tech Festival highlights Africa’s growing digital ecosystem and its commitment to shaping a sovereign, inclusive, and socially impactful tech future.

AliExpress unveils 11.11, Black Friday deals to boost African SMEs

AliExpress, the global online retail marketplace, has kicked off its highly anticipated 11.11 and Black Friday Sale, offering massive discounts and new tools to support consumers and small businesses across Africa.

The annual sales event, running from November 11 to December 3, combines unbeatable deals—up to 80% off a wide range of products—with enhanced digital solutions that make cross-border shopping faster, cheaper, and more accessible.

Speaking about the initiative, Bonnie Zhao, General Manager at AliExpress Africa, said the campaign reflects the platform’s commitment to empowering both African consumers and entrepreneurs.

“Africa is home to one of the most exciting e-commerce growth stories, driven by rising consumer demand and entrepreneurial energy. This year’s 11.11 and Black Friday Sale caters to everyone—families shopping for affordable products and small businesses sourcing globally to serve their local communities,” Zhao said.

Big Discounts, Faster Shipping, and Easier Payments

AliExpress is offering deep discounts across popular categories including electronics, smartphones, home décor, fashion, and beauty.

Consumers can enjoy bundle deals, cashback rewards, and bulk purchase discounts through the platform’s Bundle Deals and Bulk Saver Hub.

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To make shopping more seamless, the company has integrated trusted local e-payment systems in nine African countries—Nigeria, Kenya, South Africa, Ghana, Algeria, Egypt, Ethiopia, Morocco, and Tanzania—allowing shoppers to pay in their local currencies without facing exchange rate challenges.

Delivery times have also improved significantly. Shoppers in key countries like Nigeria, Kenya, South Africa, Ghana, and Algeria can now receive select orders within 10 days, while the AliExpress Choice service guarantees door-to-door delivery within 20 days. First-time users can also enjoy free shipping and exclusive welcome discounts on participating products.

Empowering Africa’s Entrepreneurs

AliExpress is also focusing on the continent’s 50 million small and medium-sized enterprises (SMEs) through the AliExpress Business platform, which removes traditional minimum order quantity (MOQ) restrictions.

This allows African entrepreneurs to buy smaller quantities of trending products—such as electronics, fashion accessories, and car parts—without large upfront costs.

The platform also provides AI-powered tools that analyze market trends and product forecasts, enabling business owners to make smarter inventory and pricing decisions.

To help SMEs tap into Africa’s growing social commerce scene, AliExpress introduced a One-Shop interface, allowing vendors to share curated product catalogs directly on WhatsApp, Instagram, and Facebook, expanding their reach and sales opportunities.

“Entrepreneurs on this continent are not just buying—they are building strong businesses, communities, and futures,” Zhao added. “AliExpress is helping them overcome challenges like logistics and payments while opening access to global trade.”

Driving Africa’s Digital Growth

AliExpress continues to strengthen its presence in Africa through partnerships in logistics, payments, and policy frameworks, reflecting a long-term vision to support digital trade across the continent.

The platform’s localized services are designed to make global e-commerce more inclusive, connecting millions of African shoppers and small businesses to international markets.

The 11.11 and Black Friday Sale runs from November 11 to December 3 via the AliExpress app and website.
SMEs can also explore AliExpress Business features, including AI insights, bulk pricing, and reseller tools, at https://InBusiness.AliExpress.com
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Africa must produce Oil, Gas – NJ Ayuk

Wealthy nations and environmental groups have once again called for Africa to abandon its oil and gas ambitions. In a recent article by The Guardian, writers Fiona Harvey and Matthew Taylor urged African countries to stop gas exploration, claiming the continent must focus solely on renewable energy to combat climate change and achieve energy access.

This is not a new demand. For years, Western governments and environmental organizations have pressured African nations to leave their petroleum assets untapped.

At the African Energy Chamber (AEC), our position remains clear: Africa must play its role in global emissions reduction and take climate change seriously. However, we firmly reject the notion that others should dictate when and how Africa transitions away from oil and gas.

The reality is simple — when managed responsibly, oil and gas production can drive economic growth, ensure energy security, and uplift millions from poverty. This is the message every African leader should take to COP30 in Brazil: Africa has the right to produce and benefit from its natural resources and to determine its own energy transition timeline.

Africa’s Minimal Role in Global Emissions

Despite the global pushback, Africa remains the smallest contributor to global carbon emissions.

In 2023, the continent accounted for just 4% of global CO₂ emissions, producing 1.45 billion tonnes compared to China’s 11.47 billion tonnes. Over the past two decades, Africa’s share has never exceeded this 4% mark.

To put it in perspective, the average American emits as much CO₂ in one month as the average African emits in an entire year. Yet Africa faces the harshest criticism and restrictions — even though it suffers the most from climate change driven by industrialized nations.

As Andrew Kamau of Columbia University’s Center on Global Energy Policy aptly noted, Africa’s story is not one of “energy transition,” but of development. He questioned the idea that industrialization could be achieved solely through wind and solar power, pointing out the absence of any nation that has industrialized using renewables alone.

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Moreover, the promised financial support from the West to aid Africa’s transition has largely failed to materialize, leaving the continent to find its own path.

Harnessing Africa’s Natural Resources for Growth

The African Energy Chamber supports the adoption of green technologies — but not under unrealistic timelines imposed by others. Africa must use the resources beneath its soil to achieve development and energy independence first.

Over 600 million Africans still lack access to reliable electricity or clean cooking fuels. For these people, the priority is not climate policy but access to basic energy that can power homes, refrigerate food, and drive businesses.

By 2050, Africa is projected to account for 11% of the global liquefied natural gas (LNG) market, with one of the fastest-growing supplies of natural gas. Tapping into this potential is essential for eradicating energy poverty and ensuring long-term economic growth.

As Mohamed Hamel, Secretary-General of the Gas Exporting Countries Forum, rightly stated, the notion that Africa should not develop its gas resources is “misguided.” He emphasized that a prosperous Africa is far better equipped to protect the environment and that access to finance and technology is key to achieving both growth and sustainability.

From Pressure to Partnership

At previous UN Climate Conferences (COPs), I have made it clear that while Africa will transition to renewables, it must do so on its own terms. What Africa needs is not pressure, but partnerships built on respect and mutual understanding.

We must move away from the perception that African leaders promoting oil and gas projects are acting out of greed. Many are implementing thoughtful policies — strengthening local content laws, attracting responsible investment, and protecting human dignity — to secure a better future for their people.

Africa’s fight is not against renewable energy, but against energy inequality. Our mission is to achieve a just transition that uplifts Africans, not one that keeps them in the dark.

We will continue to advocate for Africa’s right to use its resources, chart its own path, and decide its own energy future. The continent’s prosperity — and its people’s dignity — depend on it.

Canon showcases Nora Awolowo’s “Racket Queen” in Lagos

Canon, a global leader in imaging and optical technology, has celebrated the creativity of Nigerian filmmaker Nora Awolowo with an exclusive screening of her latest short film, Racket Queen, in Lagos.

The event, held recently, featured two special screenings — a media session in the morning and an industry-focused showcase in the evening. Both gatherings highlighted Awolowo’s artistic ingenuity and the power of Canon’s cutting-edge technology in modern filmmaking.

Racket Queen was shot entirely using the Canon EOS C400 cinema camera, a high-end tool designed for professional filmmakers. The film’s stunning visuals and emotional depth underscored Canon’s ongoing support for Africa’s growing creative community, providing them with innovative tools to tell authentic stories.

During the media screening, journalists from diverse sectors — including arts, culture, entertainment, business, and technology — were treated to an exclusive first look at the film and gained deeper insights into Nora’s creative process.

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Later in the day, Canon hosted an engaging industry session for filmmakers, industry peers, and members of Canon’s creative network. The event doubled as a vibrant networking platform that celebrated collaboration, innovation, and storytelling excellence.

The occasion also featured the soft launch of Canon’s EOS C50, a compact yet powerful entry-level cinema camera aimed at empowering emerging filmmakers. The C50 joins Canon’s professional cinema lineup, making high-quality production tools more accessible to new creators and storytellers.

Speaking at the event, Rashad Ghani, B2C Business Unit Director for Canon Central and North Africa, said:

“At Canon, we believe in the power of storytelling and the importance of equipping creators with the right tools to express their vision. Our collaboration with Nora on Racket Queen demonstrates how technology and artistry can come together to elevate filmmaking in Africa. We’re proud to continue empowering creators and building a thriving creative community across the region.”

Canon’s partnership with Awolowo reflects its Innovation, Customer, and Employee Experience (ICE) strategy — a commitment to fostering innovation, enhancing customer empowerment, and building lasting partnerships. By continuously providing filmmakers with top-tier imaging technology, Canon reinforces its reputation as the go-to brand for professional videography in Nigeria and across Africa.