Subscribe to get Updates
  • Login
The News Bearer
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Interview
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    Life transformation: MKO Foundation unveils empowerment initiatives for students, youths, widows

    Police confirm killing of house guard, driver in Kwara community robbery incident

    Apologise now for harassing journalist on duty, NUJ FCT Council tells NRC Managing Director

    APC’s lies on Oyo State financing: An exposure of ignorance, absentee lawmaking

    ‎13,000 illicit weapons destroyed in four years –FG

    Cross-border crimes: FCT CP, six others, security agency heads hold emergency meeting in Abuja

    Anambra police nab army deserter, four other armed robbery/kidnap suspects, recover weapons

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Interview
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    Life transformation: MKO Foundation unveils empowerment initiatives for students, youths, widows

    Police confirm killing of house guard, driver in Kwara community robbery incident

    Apologise now for harassing journalist on duty, NUJ FCT Council tells NRC Managing Director

    APC’s lies on Oyo State financing: An exposure of ignorance, absentee lawmaking

    ‎13,000 illicit weapons destroyed in four years –FG

    Cross-border crimes: FCT CP, six others, security agency heads hold emergency meeting in Abuja

    Anambra police nab army deserter, four other armed robbery/kidnap suspects, recover weapons

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
TheNewsBearer
No Result
View All Result
Home Business

Sterling Bank Promotes Renewable Energy-Powered Agriculture With Fresh AATIF Fund

The News Bearer by The News Bearer
May 16, 2023
in Business, Featured
Reading Time: 4 mins read
0 0
0
Share on WhatsappShare on FacebookShare on Twitter

Nigeria’s leading financial institution, Sterling Bank, in conjunction with the Africa Agriculture and Trade Investment Fund (AATIF), is set to promote environment-friendly agriculture businesses by lending the sum of $15 million to sustainable and renewable energy-powered agriculture enterprises.

The $15 million medium-term facility from AATIF
extends its partnership with Sterling Bank, which started in 2019 with an initial vision to
support the growth of the bank’s agricultural activities.

Since then, Sterling Bank and AATIF have worked together on numerous projects, with the bank making commendable
contributions to the Nigerian agricultural sector. The extension of this partnership marks a new chapter in this fruitful relationship.

In a statement issued by the lender, Group Head for Agriculture and Solid Minerals Finance, Dr Olushola Obikanye, he said that the funding will further deepen Sterling’s agricultural investments in the agribusiness industry, promote sustainable practices, and encourage farmers to explore environment-friendly systems.

Also speaking on the funding, Sterling Bank’s Group Head for Energy, Dele Faseemo, said the fund will seek to increase Sterling’s funding for renewable energy installations in the agricultural sector and will positively impact lending in the sector as well as the Nigerian economy.

Ms Doris Koehn, chairperson of the AATIF Board of Directors, said of the deal: “When we first invested in Sterling Bank, we were keen to help actualize its impressive ambitions in growing its agricultural portfolio in Nigeria. Four and a half years later, we are proud to renew our
partnership with the Bank and are focused on further enabling its efforts towards serving local smallholder farmers.”

The Bank has become renowned as one of the key partners and lenders to the agricultural
sector, with over N100 billion, or approximately 13 percent of its lending portfolio, currently
financing agricultural businesses across Nigeria.

This, among other initiatives such as the Agriculture Summit Africa, the continent’s largest private sector-driven conference on the industry; and the Nigerian Farmers’ Radio, an educative radio programme promoting good agricultural practices aired in all geo-political zones of Nigeria; has endeared the bank to primary producers, aggregators, commodity processors, and exporters.

These initiatives recently saw Sterling awarded the best-participating bank by the Agric Credit Guarantee Scheme Fund.

Sterling has also innovated in the renewable energy space with the launch of Imperium, its
solution to power homes and businesses, and is currently in the final stages of deploying
Nigeria’s largest solar-powered solution for commercial property with the ongoing
transformation of its Lagos Marina headquarters.

The 18-storey building has been fitted with over 3,000 photovoltaic panels and will generate power from renewable sources
Agriculture and Renewable Energy form two of the five core pillars of Sterling’s now-famous
HEART strategy. With the remaining sectors being Health, Education and Transportation

About Sterling Bank Plc

Sterling Bank Plc “Your one-customer bank” is a full-service national commercial bank in
Nigeria. At Sterling Bank, our customers are our number one priority, and we value their feedback and ideas.

In over 60 years of operations, Sterling Bank (formerly NAL Bank) has evolved from the
nation’s pre-eminent investment banking institution to a fully-fledged commercial bank;
and completed a merger with four other banks – Indo-Nigeria Merchant Bank, Magnum Trust
Bank, NBM Bank and Trust Bank of Africa – as part of the 2006 consolidation of the Nigerian
banking industry.

About Africa Agriculture and Trade Investment Fund (AATIF)

The Africa Agriculture and Trade Investment Fund is a public-private partnership dedicated to promoting the food / agri sector across Africa by providing patient capital and technical assistance. The fund provides debt financing to small, medium, and large-scale
agribusinesses along the entire agriculture value chain, as well as financial institutions active in the sector. DWS is acting as an investment advisor to AATIF. For more information,
visit www.aatif.lu.

SendShareTweet
The News Bearer

The News Bearer

Related Posts

Featured

‎13,000 illicit weapons destroyed in four years –FG

August 28, 2025
Featured

‎$4.2m COVID fraud: Osun monarch sentenced to four years imprisonment in US

August 26, 2025
Business

Oyo, Euro FMCG partner to develop Oluyole Free Trade Zone

August 26, 2025
Business

FNITCC Atlanta 2025: Fidelity Bank to host strategic panel on export financing

August 24, 2025
Featured

‎Police arrest two kidnap kingpins, recover N7.4m in Abuja

August 22, 2025
Business

Seamless payments as Fidelity Bank resumes international transactions on Naira debit cards

August 22, 2025
Load More

Recommended

Bakers to FG: ‘Save us! BUA Group, others are killing our businesses’

4 years ago

20-year-old man arrested for killing pregnant stepmother, stepsister in Kano

3 years ago

Don't Miss

Life transformation: MKO Foundation unveils empowerment initiatives for students, youths, widows

August 30, 2025

Police confirm killing of house guard, driver in Kwara community robbery incident

August 29, 2025

Apologise now for harassing journalist on duty, NUJ FCT Council tells NRC Managing Director

August 29, 2025

APC’s lies on Oyo State financing: An exposure of ignorance, absentee lawmaking

August 28, 2025
TheNewsBearer

Stay informed with Breaking News Online in Nigeria on The News Bearer. Get real-time updates and analysis of national, international events.

Follow us

Recent News

Life transformation: MKO Foundation unveils empowerment initiatives for students, youths, widows

August 30, 2025

Police confirm killing of house guard, driver in Kwara community robbery incident

August 29, 2025

Categories

  • Business
  • Celebrities
  • Crime
  • Education
  • Featured
  • Features
  • Health
  • Interview
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Personal Development
  • Politics
  • Sports
  • Uncategorized

Tags

Adamawa State Police Command Anambra State Police Command Benue State Police Command Bishop Francis Wale Oke Cancer condolence message courtesy visit Delta State Police Command Diabetes Diet Tips DIG Hashimu Argungu Dr Festus Adedayo Dr Sulaimon Olanrewaju Economic and Financial Crimes Commission Fidelity Bank Fidelity Bank Plc Governor Seyi Makinde Health Symptoms IGP Kayode Egbetokun Inspector General of Police Kwara State Police Command Lagos State Police Command Lagos State Taskforce murder National Drug Law Enforcement Agency (NDLEA) Nigeria Police Force Oba Owolabi Olakulehin Ogun State Police Command OlaOluwa Mimiola Olubadan of Ibadanland opinion article Oyo State Government Oyo State Governor Peoples Democratic Party Polaris Bank Police Public Relations Officer Police Service Commission PPRO President Bola Ahmed Tinubu Skin Care Sulaimon Olanrewaju Taskforce Chairman Adetayo Akerele Thenewsbearer University of Ibadan Women's Health
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
  • Lifestyle

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.