Sports
FEDA Invest in Team Drogba’s Electric Boat Racing Sport
The Fund for Export Development in Africa (FEDA) a subsidiary of African Export-Import Bank (Afreximbank) has made a strategic investment in Team Drogba, competing in the inaugural E1 Series, the world’s first-ever all-electric boat racing championship.
In a statement announcing the investment, Afreximbank said : ” This investment aligns with Afreximbank’s Creative Africa Nexus (CANEX) strategy, which includes sports as a key vertical for advancing Africa’s economic and cultural footprint.”
Co-owned by African football icon, Didier Drogba and Lilium Capital Group, Team Drogba’s participation in the E1 series will not only raise Africa’s profile on the global sporting stage but also support the growth of Africa’s blue economy.
The Team’s participation in the competition will help highlight sustainability and marine ecosystem restoration and general environmental awareness.
Through this collaboration, FEDA and Team Drogba aim to inspire innovation and sustainability in Africa’s sports industry, fostering economic growth and development across the continent.
The partnership reflects FEDA’s commitment to empowering African athletes, promoting technological advancements, and supporting climate adaptation solutions, all while contributing to Africa’s global competitiveness.
Prof. Benedict Oramah, President and Chairman of Board of Directors, Afreximbank noted: “FEDA’s investment in Team Drogba highlights the transformative power of Africa’s creative sectors.
By aligning this initiative with our CANEX strategy, we are driving forward our vision for Africa’s future, one that leverages sports to not only showcase talent but also stimulate economic transformation.”
Speaking for Team Drogba, legendary football player Didier Drogba said : “This collaboration with FEDA and Afreximbank ushers in an exciting chapter for African sports and sustainability efforts.
The E1 Series is an opportunity to merge our collective dedication to sport with a commitment to the environment and African progress. Together, we are setting a foundation for innovative and sustainable growth that will inspire change across the continent.”
Simon Tiemtoré, President of Lilium Capital Group added, “We are thrilled to be part of this pioneering venture. Team Drogba’s participation in the E1 Series not only showcases African excellence on the world stage but also emphasizes the importance of sustainability and innovation.
At Lilium Capital Group, we are deeply committed to initiatives that drive both economic growth and environmental stewardship.
This collaboration with FEDA underscores our shared vision for a future where Africa leads in both sports and sustainable development.”
Sports
Benue Governor Alia dissolves Lobi Stars FC board
The decision is aimed at repositioning the club for greater efficiency, accountability, and better performance in both the Nigeria Premier Football League and other competitions.
Benue State Governor, Hyacinth Alia, has dissolved the Board and Management of the state-owned Lobi Stars FC, Makurdi.
Lobi Stars FC were relegated last season after a 27-year stay in the Nigeria Premier Football League, following a run of poor performances.
The Chief Press Secretary to the governor, Sir Tersoo Kula, announced the governor’s approval of the dissolution in a statement issued on Thursday and made available to journalists in Makurdi.
The move was described as part of ongoing reforms to reposition the club for “greater efficiency, accountability, and better performance” in the Nigeria Premier Football League and other competitions.
The decision is aimed at repositioning the club for greater efficiency, accountability, and better performance in both the Nigeria Premier Football League and other competitions,” the statement read.
Governor Alia directed that “all members of the dissolved management should hand over all official documents, assets, and responsibilities to the Commissioner for Youth, Sports and Creativity with immediate effect.”
Sports
Davido Chairs Osun Sports Trust Fund
“Davido has been appointed to chair the Sports Trust Fund, and he did not hesitate in accepting the appointment. His intervention would attract funds that would impact Osun sports positively.”
•Davido and Osun Governor, Ademola Adeleke. Photo Credit: X
The Osun State Government has appointed Afrobeats star, David Adeleke, popularly known as Davido, as chairman of the Osun Sports Trust Fund.
The government said that the move was aimed at raising funds to transform the state sports sector.
It also reaffirmed its commitment to completing the ongoing renovation and rehabilitation of the Osogbo Township Stadium, assuring that the upgraded facility will meet Olympic standards upon completion.
The Guardian Nigeria reports that the state deputy governor, Kola Adewusi, who doubles as the Commissioner for Sports, said the state government under Governor Ademola Adeleke is determined to transform the stadium into a world-class sports arena that will not only host national events but also attract international competitions.
He said, “Ongoing renovation and rehabilitation of the Osogbo Township Stadium to meet Olympic standards — a project that will be completed in the shortest possible time.
“I am pleased to inform you that plans are in advanced stages towards the establishment of the Osun State Sports Commission, which will serve as a central body for sports administration, development, and policy implementation.
“Davido has been appointed to chair the Sports Trust Fund, and he did not hesitate in accepting the appointment. His intervention would attract funds that would impact Osun sports positively.”
Sports
Dembele returns for PSG after six weeks out
Dembele, 28, has been out since injuring a hamstring while on international duty with France in early September.
• Dembele
Ballon d’Or winner Ousmane Dembele was on Monday included in Paris Saint-Germain’s squad to face Bayer Leverkusen in the Champions League after a six-week injury layoff.
According to AFP, Dembele’s return for Tuesday’s league stage game will come as a welcome boost for coach Luis Enrique, whose side has been struggling with injuries this season.
Dembele, 28, has been out since injuring a hamstring while on international duty with France in early September.
He had been recuperating at a specialist clinic in Qatar and returned to training last week.
He missed out on PSG’s entertaining 3-3 draw against Strasbourg on Friday but could play some role in Germany as the European champions seek to make it three wins out of three in the Champions League so far this season.
Leverkusen centre-back Loic Bade, Dembele’s teammate in the France squad, told reporters Monday there was “no secret recipe” to stopping the PSG forward, calling him “a complete player with several qualities”.
“He won the Ballon d’Or — of course he’s got a lot of quality. He’s good with both feet. I don’t think he’s got a weak side,” Bade said.
Benue Governor Alia dissolves Lobi Stars FC board
BREAKING: Tinubu swears in Amupitan as new INEC Chair
Dangote denies owning truck that killed eight in Ondo accident
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
Organ Trafficking: Ekweremadu bags 10 years in UK prison
SAINT OBI: Between his marriage and his death
-
Crime2 days agoIndonesia to Repatriate British Grandmother on Death Row, Says Official
-
News2 days agoCustoms Launch Digital Vehicle Verification Platform to Combat Smuggling
-
News2 days agoMoniepoint Managers Break Silence on $200M ‘Miraculous’ Fundraise Backed by DPI, Google, Visa, IFC & LeapFrog
-
Crime3 days agoBauchi: Boy,17, plucks sister’s eyes for money ritual
-
Sports3 days agoGlasgow Rangers appoint Rohl as new manager
-
Business4 hours agoDangote denies owning truck that killed eight in Ondo accident
-
Business2 days agoHow to Market and Sell Real Estate in Nigeria as a New Agent
-
Sports3 days agoDembele returns for PSG after six weeks out