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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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Cape Verde faces defending world cup champions , Argentina today

The Atlantic archipelago have become one of the fairytale stories of this year’s expanded 48-team tournament, confounding expectations by earning a draw with Spain before squeezing into the last 32 ahead of Group H rivals Uruguay and Saudi Arabia.

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A classic David versus Goliath encounter will take centre stage at the World Cup on Friday as tiny Cape Verde face Lionel Messi and Argentina with a place in the last 16 at stake.

Cape Verde, the smallest nation ever to reach the knockout rounds, face the defending champions in Miami dreaming of pulling off what would be the greatest upset in World Cup history.

The Atlantic archipelago have become one of the fairytale stories of this year’s expanded 48-team tournament, confounding expectations by earning a draw with Spain before squeezing into the last 32 ahead of Group H rivals Uruguay and Saudi Arabia.

Argentina, who breezed into the knockout rounds with the help of six goals from captain Messi, will be expected to swat aside the African qualifiers to move one step closer to their dream of back-to-back World Cup titles.But Cape Verde insist they will not be overawed by the occasion and the prospect of sharing a field with the reigning world champions and eight-time Ballon D’Or winner Messi.

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Team Nigeria Targets 20 Golds at Commonwealth Games

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Nigeria’s sports authorities have expressed strong confidence in Team Nigeria’s chances at the forthcoming Commonwealth Games in Glasgow, with officials projecting a haul of between 16 and 20 gold medals.

The optimism was expressed during the official unveiling of the national team ahead of the competition.

Director-General of the National Institute for Sports, Comrade Philip Shaibu, said the athletes have enjoyed better and earlier preparations than in previous competitions, and noted that all necessary logistics, including training and travel arrangements have been provided, leaving the athletes with the responsibility of delivering success for the country.

Shaibu said the commitment, determination and quality displayed by the athletes have convinced him that Nigeria can achieve at least 20 gold medals at the Games.

He also highlighted ongoing efforts by the National Institute for Sports to strengthen grassroots sports development and expand talent discovery across the country.

Chairman of the National Sports Commission, Mallam Shehu Dikko, stated that preparations for the Games began long before the competition through talent identification and strategic planning.

According to him, the team will arrive in Glasgow about 20 days before the opening of the Games to allow athletes acclimatize and improve their performance.

Meanwhile, the National Sports Commission Director-General, Bukola Olopade, explained that the medal projections are based on careful planning and sustained preparation over the past year and a half. He said the Commission remains committed to providing the support needed for athletes to achieve the country’s targets.

Olopade, however, warned that indiscipline would not be tolerated within Team Nigeria, stressing that athletes must adhere to the Commission’s rules and resolve concerns through official channels, and warned that misconduct or actions capable of damaging the team’s image could attract sanctions, including expulsion from the contingent.

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Barcelona extends Christensen contract by two-years

Christensen has played 98 times for Barca, winning three La Liga titles and a Copa del Rey among other trophies.

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FC Barcelona have extended Danish defender Andreas Christensen’s contract until June 2028, the Spanish champions said Wednesday.

The 30-year-old centre-back, whose previous deal expired at the end of June, has been frequently sidelined by injuries during his time at Camp Nou.

The defender has accepted a significant pay cut to stay at the club, according to Spanish reports.

The Denmark international played a key part in Barcelona’s La Liga triumph in his debut campaign at the club in 2022 after arriving from Chelsea.

Christensen has played 98 times for Barca, winning three La Liga titles and a Copa del Rey among other trophies.

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