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Leveraging the Investment Power of Many to Crowd-in Capital in Ghana
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The guidelines developed under the GrEEn project with funding support from the European Union Emergency Trust Fund (EUTF) for Africa is aimed at empowering businesses, safeguarding investors
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ACCRA, Ghana, July 9, 2024/ — The Ghanaian financial landscape is poised for a significant transformation with the recent launch of comprehensive guidelines for investment-based crowdfunding. This milestone marks a collaborative effort between the Securities and Exchange Commission (SEC) of Ghana and the UN Capital Development Fund (UNCDF) and signifies a commitment to fostering a more inclusive and active investment ecosystem. The guidelines developed under the GrEEn project with funding support from the European Union Emergency Trust Fund (EUTF) for Africa is aimed at empowering businesses, safeguarding investors, and propelling Ghana towards a future of innovation and economic opportunity.
Prior to the development of clear regulations, crowdfunding in Ghana faced significant uncertainty. Promising businesses struggled to secure funding, while potential investors lacked the necessary confidence to participate. UNCDF played a pivotal role in unlocking this potential. First, UNCDF provided funding and technical assistance to test and pilot various crowdfunding solutions as documented in our blog which delved into the critical lessons and significant milestones after three years of implementing the GrEEn project These pilots brought to the fore the complexity of the crowdfunding space, cutting across different touchpoints that include not only crowdfunding platforms, but also fund managers, investors and regulation. Our role in contributing to developing the investment-based crowdfunding guidelines naturally stemmed from our expertise, allowing us to provide technical assistance to the SEC. The journey that UNCDF undertook to support the regulators in this achievement are documented here. These guidelines aim to bridge the gap and establish a robust framework that fosters trust and transparency within the crowdfunding ecosystem. “As we unveil these Guidelines, we are not only addressing the financing gap faced by MSMEs and startups but also ushering in a new era of financial inclusion and investment opportunities”, said Reverand Daniel Ogbarmey Tetteh, Director General of the SEC. He further emphasized the multifaceted nature of crowdfunding “We recognize that crowdfunding is not just about raising capital; it is about building communities, fostering innovation, and driving economic growth.” He further elaborated that the guidelines align with Ghana’s National Financial Inclusion and Development Strategy and will ultimately make capital markets more accessible to all Ghanaians, positioning Ghana as an emerging hub for crowdfunding in Africa. The guidelines, developed in collaboration with key stakeholders and following extensive consultations and technical assistance support of Lelapa African FinTech Advisory provide a viable platform where anyone with a brilliant idea can connect with a network of potential investors to pool resources and bring their vision to life. It will fuel innovation across diverse sectors, from agriculture and healthcare to renewable energy and social impact initiatives. The potential benefits of these guidelines therefore extend far beyond simply providing alternative financing avenues. Specifically, it will offer Micro, Small, and Medium Enterprises (MSMEs) and startups a critical lifeline by providing them viable funding sources to grow their aspirations. With a view to prioritizing investor safety, the guidelines require crowdfunding platforms to provide clear and comprehensive information about investment risks and potential returns, allowing individuals to make informed investment decisions. Further, the regulatory framework will foster competition, drive down costs, and encourage the development of innovative solutions for businesses seeking to raise capital. Ultimately, the guidelines will enable crowdfunding to open doors for traditionally excluded groups to participate in the investment landscape, promoting financial inclusion. The emphasis on financial inclusion and digital transformation fostered by these crowdfunding guidelines aligns perfectly with the UN Sustainable Development Cooperation Framework for Ghana. This framework serves as the nation’s strategic blueprint for achieving the Sustainable Development Goals (SDGs) and prioritizes partnerships, innovation, and inclusive growth. Charles Abani, the UN Resident Coordinator in Ghana, further underscored this alignment in his remarks at the launch. “Crowdfunding, with its ability to democratize finance and empower individuals to contribute to causes they believe in, is one such mechanism. By enabling the aggregation of small contributions from many individuals, crowdfunding can help finance projects that drive economic growth, social inclusion, and environmental sustainability.” With the guidelines launched, the critical next step for SEC and UNCDF is to continue their strong collaboration for its effective implementation. This aligns perfectly with UNCDF’s mandate and ambitions to “crowd-in” finance where it is most needed. By mobilizing and catalyzing an increase of capital flows for SDGs impactful investments to Member States such as Ghana, the most pressing development challenges faced by vulnerable communities in these countries will be addressed thereby contributing to sustainable economic growth and equitable prosperity. This will involve attracting additional resources to support the large-scale implementation of the guidelines. This focus on sustainability ensures the long-term viability of the crowdfunding ecosystem, ultimately guaranteeing broader financial inclusion for all Ghanaians in the digital age. Distributed by APO Group on behalf of United Nations Capital Development Fund (UNCDF).
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Author: prtimesafrica
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Africa: Glo-Djigbé Industrial Zone (GDIZ) is exporting the first batch of 80,000 ready-to-wear garments “Made in Benin” for the french brand KIABI
Glo-Djigbé Industrial Zone (GDIZ) is exporting the first batch of 80,000 ready-to-wear garments “Made in Benin” for the french brand KIABIThis initiative demonstrates Benin’s capacity to meet international market requirements and uphold high standards of qualityGLO-DJIGBE, Benin, July 9, 2024/ — Glo-Djigbé Industrial Zone (GDIZ) (www.GDIZ-Benin.com) is proud to announce its inaugural export of “Made in Benin” garments to Europe. This first consignment, destined for the prestigious French brand KIABI, comprises 80,000 meticulously crafted children’s leggings. KIABI, renowned for its chain of stores offering clothing and accessories for women, men, children, and babies, with nearly 563 retail outlets across France, Spain, Italy, Africa, the Middle East, and Overseas Departments and Regions (DROM). This order marks the beginning of a successful collaboration between SIPI-Bénin and KIABI, with an order alignment of 2 million clothing pieces for 2024 and 4 million for 2025.After two years of discussions and negotiations, this first export of 80,000 “Made in Benin” children’s leggings meticulously crafted within the Zone represents a significant milestone in the development of the textile industry in Benin. This initiative demonstrates Benin’s capacity to meet international market requirements and uphold high standards of quality. KIABI now joins prestigious brands such as The Children’s Place (TCP) and US POLO ASSN, with whom clothing delivery contracts have already been signed, thereby reinforcing GDIZ’s position as a pivotal hub for textile production in Africa.
Mr. Létondji BEHETON, Managing Director of SIPI-Bénin S.A, stated: “This first export of children’s leggings to KIABI is a source of immense pride for us and serves as tangible proof of our commitment to promoting the Beninese textile industry on the international stage. It marks the beginning of a long series of exports for the French brand KIABI. By the end of 2024, we will produce 2 million pieces of clothing for KIABI, demonstrating our ability to meet international standards while maintaining high quality. Currently, KIABI is increasingly focusing on collaboration with Africa for its garment production and plans to expand its retail presence on the continent. With its dynamism and quality workforce, Benin is ideally positioned to seize the new market opportunities offered by KIABI.”
Mr. Penagos JUAN, CEO of KIABI Sourcing, added: “We are delighted to collaborate with the Investment and Promotion Company for Industry in Benin (SIPI-Bénin S.A), responsible for the development, promotion, and management of GDIZ.
This initiative perfectly aligns with KIABI’s strategy of bringing our production sites closer to our points of sale. In Africa, we have several stores, and now, thanks to the Glo-Djigbé Industrial Zone (GDIZ), we are producing KIABI garments locally. Our goal is to produce thirty million pieces in Africa, and ARISE proves to be the ideal partner to achieve this objective by integrating sustainability and using 100% Made in Africa cotton. We are at the beginning of this exciting journey, and we are proud to undertake it with ARISE and the Republic of Benin.”
Distributed by APO Group on behalf of Glo-Djigbé Industrial Zone (GDIZ).Contact presse:
SIPI-BENIN S.A
Irmine Gnidehou
Communication Manager
gdiz-media@arisenet.com
www.GDIZ-Benin.comSociété d’Investissement et de Promotion de l’Industrie – Bénin (SIPI-Bénin S.A.) :
Glo-Djigbé Industrial Zone (GDIZ) est un PPP entre ARISE IIP et la République du Bénin
TANGBO DJEVIE ZE BENIN – ROUTE INTER ETATS 2 (RNIE2)
+229 53 04 67 22 / 67 77 94 94
www.GDIZ-Benin.com
gdiz-benin@arisenet.com
Cotonou N° RCCM RB/COT/20 B 27527
N° IFU 3202011687343
Capital social : 1.000.000.000 XOFAbout KIABI:
KIABI is a renowned French fashion brand specializing in clothing and accessories for the entire family. Founded in 1978, KIABI has distinguished itself through its commitment to accessible and quality fashion. With an international network of over 563 retail stores and a strong online presence, KIABI continues to expand and innovate, firmly advocating for ethical and responsible production practices.About GDIZ:
Glo-Djigbé Industrial Zone (GDIZ), developed by Société d’Investissement et de Promotion de l’Industrie – BENIN (SIPI-BENIN S.A.), is a joint-venture between Arise Integrated Industrial Platforms (IIP) and the Republic of Benin.GDIZ is a dynamic industrial zone of 1,640 hectares (phase 1: 400 ha) developed by ARISE Integrated Industrial Platforms (IIP) which counts among its infrastructures several industrial zones in Africa, in particular in Gabon (Gabon Special Economic Zone) and Togo (Industrial Platform of Adétikope) and other countries of the African continent.
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Glo-Djigbé Industrial Zone (GDIZ) -

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All-New Citroën C3 Aircross: The Most Affordable and Comfortable Multi-Energies Compact SUV, Available With 7 Seats
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All-New Citroën C3 Aircross: The Most Affordable and Comfortable Multi-Energies Compact SUV, Available With 7 SeatsIt is the first B-SUV on the European market to be offered at a price of less than €30,000 in its 100% electric version, and less than €20,000 in its PureTech turbo 100 MT6 internal combustion versionPOISSY, France, July 8, 2024/ — A brand-new model in the compact SUV segment: this stylish, smart, functional and affordable proposition will appeal to families and everyone with an active lifestyle; The C3 Aircross has been completely reinvented: new technical platform, robust and assertive SUV style, plus Citroën’s (www.Citroen.com) new styling language; Enhanced onboard comfort; Citroën Advanced Comfort suspension, C-Zen Lounge architecture with Head-Up Display incorporating latest generation infotainment and connectivity systems, plus everything else you expect from this category; Longer body; at 4.39m, it offers both driving comfort and a generously proportioned passenger space. Already a benchmark for space in row 2 in its 5-seat version, C3 Aircross now offers up to 7 seats – a first in this segment!; A vehicle to suit every need: the all-new C3 Aircross offers a practical hybrid 136 version for the first time, alongside a virtuous all-electric version (on the 5-seater versions) and an accessible petrol version; Available in France from 19 400€ in Petrol, 25 500€ in Hybrid and 27 400€ in Electric, orders of All-new C3 Aircross are opening progressively on different European markets.In a radical shift to the way it approaches the compact SUV market, Citroën has completely reinvented the C3 Aircross. In its European variant, this brand-new model shares the Smart Car platform with the recent C3, enabling it to be positioned at a very attractive price; other common features include the new brand identity and the same formal language, both inside and out. A genuine SUV, it offers protection, robustness, easy access and a feeling of safety, along with assertive, muscular and modern styling. The all-new C3’s stature and dimensions have changed along with its new positioning. At 4.39 metres in length, the 5-seater version offers the best interior space in its segment in row 2. Alongside it, Citroën is also offering a brand new 7- seater, a first for the segment: designed with the same proportions, it offers unrivalled flexibility of use while remaining compact and manoeuvrable.
Spacious and well-equipped, the all-new C3 Aircross offers easy and comfortable daily driving, both in town and on the road. Citroën is always attentive to customer expectations in terms of comfort, roominess and practicality. So the all-new C3 Aircross features the C-Zen-Lounge® concept with Head-Up Display and a reduced-size steering wheel, and new Citroën Advanced Comfort® seats redesigned for optimum support. Ride comfort is enhanced thanks to the adoption of the Citroën Advanced Comfort® suspension with dual progressive hydraulic bump stops – for the first time and on all versions. And for greater peace of mind, the C3 Aircross offers all the driving assistance technologies you would expect in this segment, along with a latest-generation infotainment system incorporating a 10.25-inch touch screen.
Alongside a petrol engine, the all-new C3 Aircross will be electrified in two ways: a 136 bhp Hybrid 48V powertrain, and a full electric version. With a range of more than 300 km (certification pending), the electric version makes everyday life much easier: it can recharge from 20% to 80% in just 26 minutes, and uses the ë-ROUTES application – a journey planner that adapts to changes on the road in real time. A version with a range of over 400km will be available in 2025.
After reinventing the C3, Citroën is back with the all-new C3 Aircross: a family SUV concept that is perfect for active people looking for modularity and robustness. It will be produced in Europe at the Trnava plant. Now available to order, C3 Aircross makes electric mobility affordable from €27 400, and gives access to electrification from €25 500 with the Hybrid 136 version. In traditional petrol, it is available from 19 400€.
1- A FAMILY SUV WITH POWERFUL & ROBUST DESIGN
At 4.39m long, the all-new C3 Aircross combines new proportions with a new attitude. Its exterior design expresses SUV-style strength and power. The new attitude is more assertive, more muscular and more robust – with more upright styling and sharper angles. The all-new C3 Aircross applies Citroën’s new formal language to the SUV.
“From the beginning of the project, we wanted to reinforce the C3 Aircross’s position in the world of SUVs. We opted for a robust and assertive design, with styling that adds muscle and strength. With over 20 cm of ground clearance, a raised driving position and subtle plays of light in its design, the all-new C3 Aircross takes the next step and becomes a real SUV.” Boris Reinmoller, C3 Aircross design project manager.
Reinterpreting Citroën’s new visual identity
With an assertive, graphic design underpinned by wide fascias, the all-new C3 Aircross is all SUV. The front fascias feature vertical colour-clips that customers can change at will. The front-end design incorporates the new logo unveiled on the Oli concept car in 2021, and recently adopted by the ë-C3 and C3 saloons. The headlamp design references the new three-point light signature inaugurated on the Oli. The SUV feel comes through loud and clear on the high, horizontal bonnet and the front’s vertical lines. With a width of 1.79 metres, the design brings muscle and strength to the front wings, which cover the large 690 mm wheels. The wheel arch guards are inspired by the square-round design concept introduced on the ë-C3 and C3 saloons. Subtle edge lines liven up the sides of the car.
Side on, those SUV genes translate into perfect balance. A straight roof and height of 1.66 m provide generous onboard space for all passengers. Over 200 mm of ground clearance offer greater protection and easy access, along with a higher and safer driving position. The long rear window – with no deflector – supplies plenty of light on board, and the rear fascia features a customisable colour-clip, echoing the one on the bumper. The rear wing reproducess the muscular feel of the front, and introduces the signature rear lights. The lights continue the styling theme inaugurated on the Oli concept and the ë-C3 and C3 saloons, while the rear quarter panel reinforces the C3 Aircross’s robust appearance. The biton finish – available as standard on the Max level in white or black – makes customisation easy; the continuity between the third side window and the tailgate reinforces the independence of the roof. Incorporating the same black band and new logo as the front of the car, the wide tailgate features a cutaway design with a low load sill, for easy access to the boot.
“The all-new C3 Aircross is more mature and its proportions are those of a true SUV, with a very horizontal bonnet and a very pronounced vertical front end. The proportions are balanced, with perfect control of the overhangs and a silhouette that demonstrates its strength. We have played with rich sections and – above all – we have avoided designing a soulless, enhanced estate car. The design seems to have been executed with a single stroke, and is very consistent,” said Boris Reinmoller.
2- A SPACIOUS COMPACT SUV THAT CAN SEAT UP TO 7
New dimensions for more space and practicality
Just 4.39 m long, the C3 Aircross handles like a dream. The wheelbase of 2.67 m offers maximum space on board: the 5-seater version delivers record space in row 2 and a 460-litre boot. For customers looking for even greater versatility, the C3 Aircross is also available in a super functional 7-seater version.
The all-new C3 Aircross is available in 5 and 7 seat versions, with identical body shapes and exterior dimensions, allowing customers to choose the version that matches their needs and desires. The 2.67 m wheelbase – the most generous in the category – allows for unprecedented rear door length, providing excellent access to row 2 for the 5-seater version and row 3 for the 7-seater version.
“The new Citroën C3 Aircross was designed to be compatible with seven people on board. And when you design a silhouette that’s spacious enough for seven, you inevitably propel the 5-seater version to the top of the category in terms of row 2 space and boot volume”.
Thierry Blanchard, C3 Aircross Product Project Manager.
The 7-seater version: clever and versatile
Citroën is offering an unprecedented 7-seater version of the all-new C3 Aircross. The design of the rear quarter panel creates a dynamic, vertical stern, providing ample space for the third-row passengers. A large rear door and the easy-tilt seat backs in row 2 (40/60) facilitate access to this third row, which features two comfortable and retractable extra seats. Available whenever necessary, they consist of a seat and two backrests that can be folded 50/50, providing a flat load surface when not deployed.
In its 7-seat version, the C3 Aircross offers the same knee-to-knee length in row 2 as the C3 saloon, elbow width that is 25 mm wider than the category average, and generous headroom. The third-row space is equipped to the same standard as the other seats, with headrests, armrests, cupholders, a USB socket, a footwell and air conditioning. The new 7-seat version of the C3 Aircross perfectly balances a compact exterior with interior space. With 93% of European B-SUV owners driving less than 80 km a day, the 7-seater version’s two rear seats are a perfect solution. With all seats deployed, the boot volume is 40 litres, and 330 litres in the 5-seat configuration.
The 5-seater version: segment-leading interior space
The 5-seater version of the C3 Aircross has a 40/60 bench seat that is 65 mm further back than on the 7-seater version. The result is very generous space in row 2, with the best knee room in the category (+80 mm compared with the segment average). The three occupants of the bench seat also enjoy the best elbow room on the market (+25 mm compared with the segment average). The bench’s 65 mm recline doesn’t detract from the 460 litres of boot space, one of the best in the segment.
Easy to access – with a low, square threshold – the boot also has a two-position floor, providing a completely flat load surface when the backrests of the 40/60 rear seat are folded. In this configuration, it offers an impressive 1600 litres of volume. With no shortage of tricks up its sleeve, the C3 Aircross has the flexibility to make daily life easier for all the family. Practical, versatile and reassuring, it remains compact enough to make city driving stress free.
3- AN AFFORDABLE MULTI-ENERGY RANGE
In line with Citroën’s focus on accessible, people-centric solutions, its new compact SUV offers a range of different energies at an ultra-competitive price. The all-new C3 Aircross is based on the Smart Car platform, designed to accommodate a range of internal combustion, hybrid and electric vehicles. This new vehicle demonstrates Citroën’s commitment to integrating the challenges of the energy transition into all its product developments. Alongside a traditional internal combustion engine, the C3 Aircross offers a hybrid range for the first time: facilitating access to electrification, its versatility is perfectly suited to this body type. And to take things even further, the all-new C3 Aircross will be available for the first time as a 100% electric vehicle.
The hybrid: a petrol engine with access to electrification
The all-new C3 Aircross showcases a new powertrain, with its Hybrid 136 version equipped with an e-DCT automatic gearbox. The 48V hybrid uses the new-generation 1.2 PureTech engine developed specifically for hybrid applications, featuring 40% all-new components. With a displacement of 1,199 cm3, this 3-cylinder engine develops 100 kW/136 bhp. It has a variable geometry turbocharger and a timing chain that contributes to its robustness.
The Miller-cycle engine is combined with an e-CDT electrified dual-clutch automatic transmission, incorporating a 21 kW/28 bhp electric motor powered by a 48 V lithium-ion battery housed under the floor.
The powertrain is easy to use and requires no recharging. Ideal for families, it reduces both fuel consumption and emissions, making it good for the wallet and the planet too. The e-motor (permanent magnet synchronous machine) assists the internal combustion engine to reduce fuel consumption in a transparent way, allowing 100% electric driving for almost 50% of urban use and recharging the battery during deceleration. This new transmission is produced in France and offers the best optimisation in terms of compaction and cost. As a result, the C02 emissions of the hybrid version have been reduced to just 124g CO2/km (waiting for certification). This new driving experience will be available to the widest possible audience in both the 5- and 7-seat versions.
Alongside this electrified powertrain, Citroën is deploying the C3 Aircross with a 75 kW/100 bhp turbo petrol powertrain. This 3-cylinder PureTech Turbo 100 MT6 engine is coupled with a six-speed manual transmission, and complies with Euro7 standards. This version will be available at the most competitive price on the market.
Citroën’s first all-electric compact SUV
For the first time in the family B-SUV segment, Citroën is offering an electric version of its 5-seater C3 Aircross. Perfectly suited to the driving habits of customers in this segment, the electric version is powered by an 83 kW/113 bhp engine combined with a 44 kWh LFP (Lithium Iron Phosphate) battery. This technology offers the perfect compromise between the performance required (range of more than 300km – approval pending) and a highly affordable price. Its engine and fully automatic transmission offer linear acceleration with immediately available torque, and a top speed of 145 km/h. The 100% electric version of the C3 Aircross offers sufficient performance to slot into everyday traffic with ease.
The all-electric C3 Aircross makes life easier for its users, particularly when it comes to recharging. The Mode 3 cable – supplied as standard – enables charging both at home and in public places:
- Standard AC charging from 20% to 80% of the battery takes around 4 hours 10 minutes using 7 kW of power.
- Standard AC charging from 20% to 80% of the battery takes around 2 hours 50 minutes using 11 kW of power.
Fast charging is also available with DC 100 kW chargers, taking just 26 minutes to go from 20% to 80% charge. A version equipped with a different battery will be offered in 2025, extending the range to over 400km.
The all-electric C3 Aircross fully addresses the concerns of motorists still worried about the switch to all-electricity. The new e-ROUTES application – developed for Citroën electric vehicles – makes it easy to plan your journeys, monitor battery charge levels in real time, and enjoy a complete navigation experience. The app helps to reduce journey times, and pinpoints the best recharging stops. Constantly connected to the vehicle’s data (in particular the charge level of the batteries), the traffic situation and the status of the recharging points along the selected route, it ensures the most efficient route management
4- COMFORT AND PEACE OF MIND
Full of space and light, the C3 Aircross offers all the features of a living room on wheels. Its raised driving position and high ground clearance make it easier to get in and out, while providing a clearer view of the road ahead. The feeling of comfort is paramount, delivered by the exclusive Citroën Advanced Comfort® suspension, the C-Zen Lounge concept – which combines a reassuring dashboard with the new head-up vision system – and Citroën Advanced Comfort® seats.
Citroën Advanced Comfort® suspension and seats
The all-new C3 Aircross has been designed to provide the best compromise between comfort and enjoyment, whether one or 7 people are on board. To achieve that result, Citroën’s exclusive Advanced Comfort® suspension is standard on all versions. This innovative, patented design guarantees a unique feeling of comfort for the vehicle’s occupants, whatever the road conditions.
Citroën Advanced Comfort® suspension rethinks the two basic functions of a suspension system: ensuring optimum contact between the wheels and the road surface, and defining a perfect level of comfort for the passengers. A conventional suspension – now abandoned by Citroën – uses a spring and hydraulic damper to manage these two functions. The spring absorbs bumps in the road, while the shock absorber supports the spring in its relaxation phase after an impact: a stop at the top of the shock absorber absorbs the compression of the spring over its last few centimetres. This stop protects the vehicle’s mechanical components but does not totally dissipate the energy, adversely affecting passenger comfort.
Citroën’s engineers have completely rethought this architecture, creating a patented system of progressive hydraulic bumpers. These act like a second smaller shock absorber, housed at the ends of the main shock absorber. There are two progressive stops per shock absorber, one for compression and the other for rebound. This suspension construction ensures greater suppleness and comfort on minor irregularities, without compromising the damping required to hold the body in place when driving on a rough road. In the latter case, the system gradually slows down the movement at the end of the travel. Unlike a mechanical stop in a conventional shock absorber – which absorbs energy and reduces comfort by releasing some of it in the form of a shock – the progressive hydraulic stop absorbs and dissipates this energy. The “magic carpet” effect so important to Citroën is felt clearly, enhancing the driving experience on board the C3 Aircross.
The all-new C3 Aircross also features new Advanced Comfort® seats. Equipped with a new seat surface that includes an extra 10 to 15 mm of foam, they feature redesigned lateral support to ensure comfort whatever the distance.
C-Zen Lounge: a new architecture for increased peace of mind.
The C3 Aircross inherits the work carried out on the new ë-C3 and C3 saloons. The Citroën C-Zen Lounge’s modern, spacious and well-equipped cabin is here taken to its logical conclusion, with new materials and colours.
The horizontal dashboard – complete with characteristic Citroën vertical air vents – is divided into two levels: technical elements on top and comfort at the bottom. Known as the Sofa Design, this area is covered in a special fabric and embellished at both ends with new zones of warm light, adding to the feeling of well-being. In the upper section, the absence of a handset clears the view, for driving comfort and enhanced safety. Essential driving information is cleverly projected onto a head-up display. The small multifunction steering wheel, adjustable for height and angle, is easy to handle. The information display at the junction between the dashboard and the bottom of the windscreen is a first for a family SUV. This innovative feature eliminates the need for a dual display, giving the driver all the information they need without taking their eyes off the road.
5- A CONNECTED, WELL-EQUIPPED FAMILY SUV
Whatever energy source you choose, the C3 Aircross breaks new ground with its combination of design, space, on-board comfort and equipment – all at an ultra-competitive price.
A connected SUV.
The all-new C3 Aircross offers infotainment system and all the connectivity you expect from this type of vehicle.
The You version of the all-new C3 Aircross features the Smartphone Station, which includes an integrated smartphone holder. The driver can then automatically launch the dedicated application using NFC wireless technology. Thanks to the Smartphone Station, drivers can access shortcuts to services on their smartphone, controlled using voice recognition. They can also access the radio, playlists and navigation. The steering wheel controls on the C3 Aircross enable drivers to keep their hands on the wheel, and the Home button makes it easy to return to the application’s home page.
The Max versions of the C3 Aircross feature a 10.25-inch colour infotainment screen, oriented slightly towards the driver. It uses a widget architecture inspired by smartphones. Virtual shortcuts provide access to the main navigation, telephone, radio, application and media functions. A wireless WiFi function enables smartphone mirroring and compatibility with Apple CarPlay and Android Auto. On-board comfort is also enhanced by the presence of two USB-C sockets at the front and two more in row 2. A 15W charging mat is integrated into a dedicated storage space in the centre console.
Making everyday life easier and safer
The driving aid technology does not only improve the comfort and safety of the driver. Everybody onboard gets the benefits, along with pedestrians too.
Active Safety Brake: This is an emergency braking system that helps reduce injuries to passengers, pedestrians and cyclists. It operates day and night, from a speed of 5 km/h up to the C3 Aircross’s top speed of 135 km/h.
Active Lane Keeping Assist: this lane-keeping assistance system helps the driver to maintain the correct distance from the lane markings. It is active from 60 km/h. When the car starts to drift out of its lane, this mode automatically takes corrective action.
Driver Alert: this system detects oscillations on the C3 Aircross, anticipating drowsiness on the part of the driver. Once detected, it emits a visual and audible warning. If the situation persists, the system emits a longer audible warning and maintains the visual warning for 10 seconds.
Speed sign recognition: this speed limit information system reads the signs and displays the speed in the driver’s field of vision, on the HUD display at the base of the windscreen. The driver is thus informed if a new speed limit is detected, or if he or she is exceeding the speed limit. This intelligent system also uses the speed limit data contained in the navigation system. The audible warnings can be activated or deactivated via the dashboard.
High beam assistance: with Intelligent Headlights, the windscreen camera switches the headlights to low beam when it detects an oncoming vehicle. As soon as the vehicle has passed, the high beam is restored.
Front and rear parking sensors: the front and rear park-assist sensors collect data during manoeuvres and warn the driver of approaching obstacles, using an audible warning and visual indications. The rear parking sensors are active as soon as reverse gear is engaged.
Blind spot detection: it uses an illuminated pictogram in the rear-view mirrors to indicate the presence of a vehicle in the blind spot. The system works on the same principle as parking sensors genuinely adds to safety. It is active from 30 km/h.
Reversing camera: when reverse gear is engaged, the camera on the base of the tailgate supplies a view to the rear of the vehicle on the main screen. This view features grids of different colours to help the driver identify the distance between obstacles and the vehicle, and warn of possible collisions.
All-Electric for under €30,000, petrol for under €20,000
Following the launch of the ë-C3 and C3, Citroën is continuing its mission to make electric mobility accessible to as many people as possible. Thanks to the European version of the new international “Smart Car” platform – designed from the outset to accommodate 100% electric, internal combustion and hybrid engines – and its extreme modularity, the dimensions of the C3 Aircross have been revised upwards for greater habitability and functionality, with no impact on its selling price. It is the first B-SUV on the European market to be offered at a price of less than €30,000 in its 100% electric version, and less than €20,000 in its PureTech turbo 100 MT6 internal combustion version.
Range: tailor-made for everyone
The all-new C3 Aircross range is embodied in two silhouettes that are identical in their design and dimensions: a 5-seater available in petrol, hybrid, and electric, and a 7-seater available in petrol and hybrid. The C3 Aircross benefits from a palette of six strong shades: Black Perla Nera, Mercury Grey, Elixir Red, Monte Carlo Blue, Polar White and Montana Green, paired with the two available roof colours – white and black. It can be personalised using colour clips in three different colours, each coordinated with the body colour. Citroën will offer additional colour clips as accessories, in the form of kits of 4 pieces, for more extensive customisation.
The streamlining of the all-new C3 Aircross range goes hand in hand with rich equipment at the first trim level, You. This comes standard with Citroën Advanced Comfort® suspension, 6 airbags, manual air conditioning, Smartphone station, active safety braking, active lane departure warning system, driver attention alert, cruise control with speed limiter, recognition of speed limit signs, rear parking sensors, automatic lighting, height adjustment for the driver’s seat, electric front windows, 40/60 folding rear seat, LED headlights and daytime running lights, and 16” wheels.
The second level, MAX, additionally offers 17’’ Aragonite Diamond Cut alloy wheels, 3D LED rear lights, a white or black tinted roof depending on the body colour, 3D navigation, wireless smartphone charging, exterior mirrors with blind-spot detection, front parking sensors, electrochrome interior mirror, and access to the 7-seater version with the Mild Hybrid 136 eDCT engine.
Distributed by APO Group on behalf of Citroen.Contact:
BENJAMIN DEMOZAY
Product Communication Manager
benjamin.
TEL +33 (0)6 17 69 91 43Citroën:
Since 1919, Citroën has been creating automobiles, technologies and mobility solutions to respond to changes in society. A bold and innovative brand, Citroën places peace of mind and well-being at the heart of its customer experience and offers a wide range of models, from the distinctive Ami – an electric vehicle designed for the city – to hatchbacks, SUVs and commercial vehicles, most of which are available in electric, hybrid or hybrid plug-in versions. A pioneering brand in the services it delivers and the attention paid to its private and professional customers, Citroën is present in 101 countries and has a network of 6,200 points of sale and service centres throughout the world.For more information about Citroën, visit the media site at http://apo-opa.co/3VTSetA
SOURCE
Citroen. -

Africa Finance Corporation Appoints Banji Fehintola as Executive Director, Financial Services
Africa Finance Corporation Appoints Banji Fehintola as Executive Director, Financial ServicesWith over two decades of extensive experience in global markets, financial services and infrastructure finance across Africa, Banji brings a wealth of expertise to his new role at AFCLAGOS, Nigeria, July 8, 2024/ — Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has appointed Banji Fehintola as its new Executive Director of Financial Services, effective August 1. Banji brings extensive financial expertise and leadership experience to drive AFC’s strategic initiatives to further strengthen its financial position and enhance the Corporation’s growth trajectory.Banji succeeds Sanjeev Gupta, who completes the final term of his appointment with AFC in October of this year, following nine years of exceptional service to the Corporation. During Sanjeev’s leadership, AFC’s Financial Services division developed robust Financial Advisory and Debt Syndication teams to provide structuring and distribution solutions for the market, achieving numerous successful milestones for their clients and the Corporation. These include a fivefold expansion in borrowings from US$1.6 billion to over US$8 billion, remarkable growth of treasury assets from US$1.47 billion to US$ 5.29 billion, raising new equity capital of approximately US$ 1 billion, diversifying its shareholder base and a significant increase of AFC’s country membership from 13 to 43 member countries; successfully solidifying AFC’s position in the market as a truly pan-African institution.
With over two decades of extensive experience in global markets, financial services and infrastructure finance across Africa, Banji brings a wealth of expertise to his new role at AFC. He joined the Corporation in 2008 and rose through the ranks to become AFC’s pioneer Treasurer. His leadership of the funding team was instrumental in securing the Corporation’s investment-grade credit rating and raising over US$ 12 billion in funding for AFC through diverse funding sources. Banji’s strategic vision, innovation and financial acumen propelled AFC’s Treasury team to global recognitions, winning awards such as “Best Supranational Treasury & Funding Team of the Year” as well as recognition for several landmark transactions.
In his new position as Executive Director, Financial Services, Banji will oversee several functions including Treasury & Financial Institutions, Financial Advisory, Syndications, and the newly created Capital Mobilization & Partnerships. His appointment will play a pivotal role in strengthening AFC’s unwavering commitment to unlock pragmatic solutions for infrastructure projects that enhance local value capture and spur industrialisation.
Samaila Zubairu, President and CEO of AFC, said: “We are immensely grateful for Sanjeev’s nine years of dedicated service to AFC and his significant contributions to supporting the Corporation’s growth and impact on the African continent and beyond. In the same vein, we are thrilled to welcome Banji as our new Executive Director, Financial Services. His deep understanding of the global financial landscape, coupled with his strong track record and institutional history with AFC make him a valuable addition to our Board and executive team, and we look forward to leveraging his capabilities to build on our success.”
Sanjeev commented: “It has been an absolute privilege to serve at Africa Finance Corporation for the past nine years. Our accomplishments together have been most satisfying for me and I am confident that with the appointment of Banji Fehintola, AFC is well-positioned for continued success. I wish Banji the best as he takes on this role and contributes his expertise to furthering AFC’s mission in Africa.”
Banji has had a distinguished career in the finance industry, having held leadership roles at leading multinational financial institutions. Prior to joining AFC, he worked at Citibank Nigeria within the Fixed Income, Currencies and Commodities team, and at former Arthur Andersen in the Tax and Business Advisory Division. Banji is an alumnus of Harvard Business School, and he has a first-class degree in Economics and Master’s degrees in International Finance and International Business. He is also a Chartered Accountant and a CFA Charter holder and sits on the Boards of several companies including the Board of Governors of the CFA Institute.
“I am very honoured to take on this new role at AFC, an institution that is very dear to my heart and at which I have spent the largest part of my career. By playing a critical role in shaping the future of Africa’s infrastructure landscape, AFC’s mission connects directly with my personal purpose and passion,“ Banji said. “I look forward to building on the strong foundation that Sanjeev has laid and working with the executive management team and the Board to accelerate development impact for Africa.”
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile : +234 1 279 9654
Email : yewande.thorpe@africafc.orgAbout AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 43 member countries and has invested US$13 billion across Africa since inception.
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Experts Convene in Abuja to Discuss Progress on the Economic Community of West African States (ECOWAS) Headquarters Construction
Experts Convene in Abuja to Discuss Progress on the Economic Community of West African States (ECOWAS) Headquarters ConstructionThe purpose of the meeting was to examine the progress of work on the site and any obstacles that may arise to ensure its timely completionABUJA, Nigeria, July 5, 2024/ — Experts from ECOWAS member states gathered at the ECOWAS Commission headquarters in Abuja on July 2, 2024, to review the progress of the new ECOWAS headquarters construction. The meeting, chaired by the representative of the Ministry of Foreign Affairs, Nigeria, Mr Naha Francis Ako, included key stakeholders such as the ECOWAS Commission project management team, the Acting Director of Transport, Mr Chris Appiah, and the Director of Administration and General Services, Mr Seydou Kassory Bangoura, along with representatives of the Nigerian government. This gathering aimed to ensure the project remains on schedule and to address any potential challenges.The purpose of the meeting was to examine the progress of work on the site and any obstacles that may arise to ensure its timely completion. Following the technical meeting, attendees participated in a field visit to the headquarters project location to assess the progress of the work firsthand. The agenda included a detailed presentation of the progress report, an on-site inspection, and deliberations on key recommendations to ensure the project remains on track. Additionally, the participants viewed a video presentation by the Chinese construction team, providing an overview of the ongoing construction activities.
In his welcome address, the Director of Administration and General Services, Mr Seydou Kassory Bangoura, emphasized the importance of the new headquarters, stating, “This meeting marks another important step in actualizing our dream of providing the commission with a modern and conducive work environment that will lead to better productivity from all staff members and eliminate the recurrent expenditure associated with office space.” The Acting Director of Transport, Mr. Chris Appiah, in his opening remarks, highlighted the significance of the project, noting, “The significance of this project cannot be overstated as it represents a major milestone in our regional integration efforts.”
The representative of the Ministry of Foreign Affairs, Nigeria, Mr Naha Francis Ako, underscored the importance of collective efforts, saying, “Let us work together to make this project a success and a proud legacy for our region.” Mr Ako also expressed the Nigerian government’s commitment to supporting the project: “The Nigerian Government is dedicated to the successful completion of this project, which will stand as a testament to our collective efforts towards regional integration and development.”
The meeting concluded with the adoption of the report and a formal closing ceremony.
Distributed by APO Group on behalf of Economic Community of West African States (ECOWAS).SOURCE
Economic Community of West African States (ECOWAS)Distributed by :APO Group
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