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
FIFA commits $75m to rebuild war-damaged football facilities in Gaza
According to FIFA, the initiative includes plans to construct a football academy, a new 20,000-seat national stadium and dozens of mini-pitches across Gaza.
The world football governing body, FIFA, has announced plans to mobilise $75 million to rebuild football facilities in Gaza destroyed during the war between Israel and Hamas.
The announcement was made on Thursday during the inaugural meeting of the “Board of Peace,” convened in Washington by U.S. President Donald Trump. FIFA President Gianni Infantino also attended the meeting, which focused primarily on reconstruction efforts in the Gaza Strip.
Trump disclosed that FIFA would help raise “a total of $75 million for projects in Gaza,” noting that the initiative would include football-related investments such as playing fields and high-profile visits by global football stars.
“I’m also pleased to announce that FIFA will be helping to raise a total of $75 million for projects in Gaza,” Trump said, adding that the projects would centre on building fields and attracting some of the sport’s biggest names.
According to FIFA, the initiative includes plans to construct a football academy, a new 20,000-seat national stadium and dozens of mini-pitches across Gaza.
The first phase will prioritise building small-sided fields within three to six months, while the proposed stadium is expected to take between 18 and 36 months to complete.
FIFA also confirmed plans to help establish youth and amateur leagues as part of the long-term development strategy.
Infantino described the agreement as “a landmark partnership” designed to channel investment into football, supporting recovery efforts in post-conflict areas.
Sports
Sanwo-Olu Tasks Lagos Sports Trust Fund Board To Look Beyond State’s Funding
The Lagos State Government is spending heavily on sports, but it is never enough in a megacity of over 20 million people.
• Photo : Governor Babajide Sanwo-Olu
Governor Babajide Sanwo-Olu on Wednesday inaugurated the Lagos State Sports Trust Fund board at Lagos House, Marina.
The board is chaired by Enitan Oshodi, with Olaposi Agunbiade as Executive Secretary and Chief Executive Officer. Other members include Olabode Agoro, Adeniyi Adekoya, Gbolahan Onibuje, Jubril Gawat, Kikelomo Bolarinwa, Olayemi Sarumi, Lekan Fatodu, Moshood Ajide, and Ibrahim Adigun.
Sanwo-Olu tasks the board with leveraging members’ networks and expertise to build institutions supporting sports development for present and future generations.
The mandate is straightforward. Use your contacts, skills, and professional background to help fund sports and establish robust institutions in Lagos State,” he said.
Sanwo-Olu urged priority for grassroots programmes and rehabilitation of facilities, noting several government-funded projects required completion and improvement.
I implore you to deploy resources in grassroots and school sports that encourage growth across our divisions,” he added.
The governor said that the trust fund would bridge government and private sector participation in sports development.
“Organisations are willing to support, but reluctant to approach the government directly”, he said.
The board chairman, Oshodi said that the board would create sustainable funding pathways for infrastructure and athlete development.
“The Lagos State Government is spending heavily on sports, but it is never enough in a megacity of over 20 million people.
“We need facilities to support athletes. While the government is trying, the private sector must play a major role,” he said.
Sports
Mexico invests in robotic dogs for 2026 World Cup
The 2026 FIFA World Cup will run from June 11 to July 19 across Mexico, the United States, and Canada, with Monterrey among the host cities.
Photo: Robotic dogs
Mexican authorities have introduced robotic dogs to support police operations during the 2026 FIFA World Cup, highlighting the growing convergence of football, technology, and security investment.
The local council in Guadalupe, part of the Monterrey metropolitan area, invested approximately $145,000 in the robotic units as part of its World Cup security preparations.
The 2026 FIFA World Cup will run from June 11 to July 19 across Mexico, the United States, and Canada, with Monterrey among the host cities.
A demonstration video released by the municipality shows one of the robots navigating an abandoned building, climbing stairs and transmitting live footage to officers positioned behind it
In a simulated scenario, the robot confronted an armed suspect and issued instructions via loudspeaker for him to drop his weapon.
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