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FEDA Invest in Team Drogba’s Electric Boat Racing Sport

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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.”

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Sports

How I cleaned gutters and fetched water for N30 – Osimhen reveals

In a candid interview with media personality Daddy Freeze, Osimhen, a former African Footballer of the Year, recounted the hardships he endured growing up and the daily hustle that helped shape his journey.

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Super Eagles striker Victor Osimhen has opened up on his humble beginnings in Lagos, recalling how he took on menial jobs like fetching water and cleaning gutters to survive before rising to stardom.

In a candid interview with media personality Daddy Freeze, Osimhen, a former African Footballer of the Year, recounted the hardships he endured growing up and the daily hustle that helped shape his journey.

There was a building in front of our house, a typical face-me-I-face-you,” Osimhen said.

“I used to fetch water for tenants there for N80. Sometimes, I would clean gutters when spirogyra started growing in them, and I got paid N30.”

(BusinessDay)

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LASG Donates Sports Equipment to 1,664 Public Schools

Some of the equipments are table tennis boards, running vests and pants, spike shoes, footballs, basketballs, volleyballs, chess sets with clocks, Scrabble boards with dictionaries, draught boards, tennis rackets, and first aid boxes with medical kits.

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The Lagos State Government on Thursday distributed various sports equipment to 1,664 public schools in the state, as a way of shaping the sporting abilities of the students.

The donation was facilitated by the Lagos State Sports Trust Fund with a total of 1,020 primary schools and 644 secondary schools from the six education districts and the 20 Local Government Education Authorities of the state receiving the equipment.

Some of the equipments are table tennis boards, running vests and pants, spike shoes, footballs, basketballs, volleyballs, chess sets with clocks, Scrabble boards with dictionaries, draught boards, tennis rackets, and first aid boxes with medical kits.

These items were handed over to the Tutor-Generals/Permanent Secretaries of the six educational districts in Lagos.

Lagos State Head of Service, Bode Agoro, represented at the event by the Permanent Secretary of the Land Bureau, Kamar Olowosago, said the distribution marked a significant milestone in Governor Babajide Sanwo-Olu’s administration’s efforts to promote sports development and excellence in education.

“In the last six years, Governor Babajide Sanwo-Olu’s administration has shown great commitment to our students through the continuous improvement of school infrastructure, which ultimately enhances the teaching and learning environment in our public schools,” Agoro said.

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Nigeria’s Army Boxers chase gold at African Military Boxing Championship in Morocco

Team Nigeria’s medal haul currently stands at four bronze medals, with the potential for more precious metal as two boxers remain in the competition’s latter stages.

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Nigeria’s Armed Forces are chasing their first gold medal at the 6th African Military Boxing Championship in Rabat, Morocco, after securing four bronze medals with two fighters still in contention for the ultimate prize.

The Nigerian contingent, led by coach Aweda Kehinde, a former Olympian who represented the country at the Atlanta, Georgia, 1996 Games and currently serves as the Nigeria Army boxing coach, has delivered impressive performances at the championship that began on June 14th and will end on Sunday, the 22nd.

Team Nigeria’s medal haul currently stands at four bronze medals, with the potential for more precious metal as two boxers remain in the competition’s latter stages.

Rilwan Lawal of the Nigeria Army has reached the final and stands on the brink of delivering the country’s first gold medal at the tournament.

The army boxer’s journey to the final represents the pinnacle of Nigeria’s campaign in Morocco.

Gbadamosi Quadri, also from the Nigerian Army, is currently competing in the semi-final stage, offering another route to a potential gold medal for the Nigerian team.

The bronze medal winners have already guaranteed Nigeria a respectable showing at the continental championship.

Balogun Emmanuel Adeola of the Air Force settled for bronze after what would have been a hard-fought campaign in his weight category.

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