#funding

The Coalition for National Unity and Youth Development, a youth advocacy group, has urged President Bola Ahmed Tinubu to suspend certain aspects of the National Youth Service Corps (NYSC) program while advocating for the retention of its leadership structure. The appeal highlights concerns regarding the funding and operational framework of the NYSC.

Dr. Tunji Alausa, the Minister of Education, has supported the University of Benin's (UNIBEN) N100 billion Trust Development Fund, calling it a sustainable financing model that aligns with the federal government's education reform agenda. He encouraged other universities to implement similar funding initiatives during the fund's inauguration in Benin.

According to a report by the Sunday Times, Reform UK leader Nigel Farage failed to disclose financial support from George Cottrell, a convicted criminal. The funds were used for various expenses including security, drivers, staff, and accommodation.

The United Nations has begun consultations with key partners to evaluate the potential impacts of the United States' decision to end support for the AUSSOM logistics program, according to UN spokesperson Stéphane Dujarric. This assessment is being conducted prior to the conclusion of the current funding arrangement.

Imenti Central MP Kirima Nguchine has criticized the government's delays in funding Technical and Vocational Education and Training (TVET) institutions, stating that these delays are jeopardizing students' education and future opportunities. The MP's comments highlight concerns over the government's commitment to support these educational programs, which are crucial for skill development.

According to Kenya Insights, a rural anti-poverty programme funded by a UN agency continued to receive funds for three years after it was officially terminated. The money, intended for pastoralists in Turkana and women's cooperatives in Kitui, did not reach the intended beneficiaries but instead was misappropriated by a Treasury cartel.

The Social Health Authority (SHA) is requesting funds from the Treasury to settle National Hospital Insurance Fund (NHIF) claims exceeding Sh10 million. The authority has confirmed that these outstanding claims have completed the necessary verification process and are prepared for payment once the funds are made available.

According to The Citizen Sport, there is a call for Sports Minister Gayton McKenzie to prioritize securing funding for athletes and federations over sending fans to the FIFA World Cup. The opinion piece emphasizes the importance of supporting local sports development rather than focusing on international events.

In the first half of 2026, African tech funding totaled $1.44 billion, driven by significant mergers and acquisitions, debt financing, and advancements in artificial intelligence restructuring. This funding milestone reflects the evolving landscape of the tech ecosystem in Africa.

Google Play has announced a $1 million fund to support 10 African game studios, addressing the challenges many of these studios face in securing necessary capital for growth. The African gaming market is valued at approximately $2.29 billion, highlighting its potential despite the financial hurdles for local developers.

Google Play has announced a $1 million fund aimed at supporting independent game developers in Africa, marking its first regional Indie Games Fund. This initiative will offer equity-free funding, technical assistance, and mentorship to selected game studios across 32 African countries, with individual funding allocations starting at $50,000. The announcement was made on Tuesday, highlighting Google's commitment to enhancing the continent's gaming ecosystem.

FoodCourt halted operations due to a kitchen strike in March over unpaid wages, which led to the suspension of orders. By April, the startup's last branch also paused as it sought funding to address its financial issues, including unpaid salaries and vendor debts.

In the latest TechCabal Daily, it is reported that LemFi has acquired Wealth8, marking a significant development in the fintech sector. The edition also features a Quick Fire segment with Sheriff Adedokun and discusses proposed crypto tax rules in South Africa, along with insights on who has recently secured funding.

European HR technology firm Factorial has secured $150 million in a Series D funding round led by General Catalyst, bringing the company's valuation to $2.5 billion. Existing investors Atomico and Four Rivers also participated in this funding round. Additionally, General Catalyst plans to invest $540 million in non-dilutive capital through its Customer program.

Concerns have been raised about the potential for state police to be misused by governors, particularly regarding funding and the lack of adequate checks and balances. This issue highlights the risks associated with the relationship between state police and political leadership, as noted by a source from PM News.

President Donald Trump's administration is requesting over $1.4 billion in additional funding from Congress to prevent the spread of a growing Ebola outbreak to the United States. The funding aims to support the treatment and evacuation of Americans who may be exposed to the virus.

Retired Commissioner of Police Balarabe Sule has expressed concerns regarding the financial challenges that many Nigerian states may face in funding and sustaining their own police forces if the proposed state police system is implemented. His warnings highlight the potential difficulties in managing the initiative effectively across various states.

The White House is preparing to request over $1.4 billion in new funding from Congress to tackle the expanding Ebola virus outbreak, which has now reached France, according to ThisDay Live. The funding aims to address the public health crisis as it escalates.

Commercial bank credit to Nigeria's manufacturing sector has decreased by N1.92 trillion, attributed to funding gaps and high lending rates that are hindering access to finance for manufacturers, according to Punch.

Kaduna State Governor, Senator Uba Sani, stated that states possess the financial capacity to fund their own police formations, attributing this capability to infrastructure funding. He emphasized that this funding enables states to better manage and finance their security needs, particularly in establishing state police forces.