FRAUENFELD, Switzerland, May 5, 2026/ --&nbspThe groundbreaking ceremony for the future Mbanza Congo Centrality took place in Angola’s Zaire Province, in the historic city of Mbanza Congo - a UNESCO World Heritage Site and a symbol of Angola’s national identity marking a new milestone in the expansion of integrated urban development in the country and reinforcing the importance of scalable, inclusive, and resilient housing solutions across Africa.

The announcement comes ahead of the 13th World Urban Forum, WUF13, taking place in Baku, Azerbaijan, from 17 to 22 May 2026, where Mitrelli will participate alongside the Angolan, Government, as the global agenda focuses on expanding access to adequate housing, resilience, and advancing inclusive, well-serviced cities as a foundation for economic and social development.

With this milestone, Mitrelli expands its portfolio to 14 integrated urban development projects in Angola, reaffirming its long-term commitment to the country, grounded in deep local knowledge and trusted partnerships built over the years. This experience also serves as a strong foundation for the company’s continued expansion of integrated urban development models across Africa.

Aligned with Angola’s national policy to promote access to housing and improve living conditions, the Mbanza Congo Centrality will include 1,500 three-bedroom housing units, benefiting approximately 10,500 people. It will also feature schools, a kindergarten, a health center, a police station, commercial areas, sports infrastructure, public spaces, and essential water, energy, sanitation, and road networks - delivering an integrated urban environment where access to services, connectivity, and quality of life are planned together from the outset.

The ceremony was attended by H.E. Carlos Alberto da Silva Gregório dos Santos, Minister of Public Works, Urban Planning and Housing, and H.E. Adriano Mendes de Carvalho, Governor of Zaire Province, alongside other institutional representatives, sector partners, and members of the local community.

The handover act was formalized by Amílcar Paulo Isaac Lutucuta, National Director for Land Management and Housing, and Henrique Costa, Mitrelli’s Urbanization Director, officially signing the beginning of this new phase.

H.E. Carlos Alberto da Silva Gregório dos Santos, Minister of Public Works, Urban Planning, and Housing

H.E. Carlos Alberto da Silva Gregório dos Santos, Minister of Public Works, Urban Planning and Housing stated that: “the project will be a source of pride for the population of Zaire Province.” “Zaire will not only benefit from these 1,500 housing units at Mbanza Congo ; authorization has already been granted for the construction of an additional 1,500 apartments in the municipality of Soyo.”

Henrique Costa, Urbanization Director, Mitrelli: “The Mbanza Congo Centrality marks the continuation of a journey we have been building in Angola, based on commitment, consistency, and trust. As the 14th development of this kind in the country, it reflects not only our ability to deliver at scale, but also the credibility we have built with our partners. At its core, this is about creating integrated urban environments where people have access to essential services, economic opportunity, and a better quality of life. Developing this project in a place of such historical and cultural significance reinforces the importance of aligning modern urban development with identity, continuity, and long-term national priorities.”

Signing ceremony Amílcar Paulo Isaac Lutucuta, National Director of Land Management and Housing, Ministry of Public Works, Urban Planning, and Housing; and Henrique Costa, Mitrelli's Urbanization Director

The new centrality is expected to contribute to the economic dynamization of Zaire Province by fostering job creation, supporting the local business ecosystem, and enhancing the value of a region with significant historical and cultural importance for Angola.

As African cities continue to grow, the Mbanza Congo Centrality reflects an integrated model in which housing is connected to essential services, infrastructure, economic opportunity, and long-term resilience.

About Mitrelli:
Mitrelli (www.Mitrelli.com), a Swiss-based international company with over a decade of profound impact in Africa, has been collaborating closely with African leadership, governments, financial institutions, businesses, and communities, investing in and implementing innovative, holistic, and sustainable national-scale solutions. To date, the company has over 100 national-scale projects implemented across the continent, spanning housing, water, food, and energy, as well as key societal accelerators such as education, healthcare, and technology. To learn more, visit us at www.Mitrelli.com and follow us on LinkedIn (https://apo-opa.co/3QKYAN3).

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Reporting for Roven News Headline: New Initiative Adds 1,500 Housing Units and Social Infrastructure for 10,500 in Angola, Expanding Mitrelli’s Portfolio to 14 Projects

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Laying of the cornerstone H.E. Carlos Alberto da Silva Gregório dos Santos, Minister of Public Works, Urban Planning, and Housing; and Adriano Mendes de Carvalho, Governor of Zaire Province

The project will provide 1,500 housing units and essential social infrastructure for approximately 10,500 people, bringing Mitrelli’s portfolio in Angola to 14 urban development projects

FRAUENFELD, Switzerland, May 5, 2026/ --&nbspThe groundbreaking ceremony for the future Mbanza Congo Centrality took place in Angola’s Zaire Province, in the historic city of Mbanza Congo - a UNESCO World Heritage Site and a symbol of Angola’s national identity marking a new milestone in the expansion of integrated urban development in the country and reinforcing the importance of scalable, inclusive, and resilient housing solutions across Africa. The announcement comes ahead of the 13th World Urban Forum, WUF13, taking place in Baku, Azerbaijan, from 17 to 22 May 2026, where Mitrelli will participate alongside the Angolan, Government, as the global agenda focuses on expanding access to adequate housing, resilience, and advancing inclusive, well-serviced cities as a foundation for economic and social development. With this milestone, Mitrelli expands its portfolio to 14 integrated urban development projects in Angola, reaffirming its long-term commitment to the country, grounded in deep local knowledge and trusted partnerships built over the years. This experience also serves as a strong foundation for the company’s continued expansion of integrated urban development models across Africa. Aligned with Angola’s national policy to promote access to housing and improve living conditions, the Mbanza Congo Centrality will include 1,500 three-bedroom housing units, benefiting approximately 10,500 people. It will also feature schools, a kindergarten, a health center, a police station, commercial areas, sports infrastructure, public spaces, and essential water, energy, sanitation, and road networks - delivering an integrated urban environment where access to services, connectivity, and quality of life are planned together from the outset. The ceremony was attended by H.E. Carlos Alberto da Silva Gregório dos Santos, Minister of Public Works, Urban Planning and Housing, and H.E. Adriano Mendes de Carvalho, Governor of Zaire Province, alongside other institutional representatives, sector partners, and members of the local community. The handover act was formalized by Amílcar Paulo Isaac Lutucuta, National Director for Land Management and Housing, and Henrique Costa, Mitrelli’s Urbanization Director, officially signing the beginning of this new phase. H.E. Carlos Alberto da Silva Gregório dos Santos, Minister of Public Works, Urban Planning and Housing stated that: “the project will be a source of pride for the population of Zaire Province.” “Zaire will not only benefit from these 1,500 housing units at Mbanza Congo ; authorization has already been granted for the construction of an additional 1,500 apartments in the municipality of Soyo.” Henrique Costa, Urbanization Director, Mitrelli: “The Mbanza Congo Centrality marks the continuation of a journey we have been building in Angola, based on commitment, consistency, and trust. As the 14th development of this kind in the country, it reflects not only our ability to deliver at scale, but also the credibility we have built with our partners. At its core, this is about creating integrated urban environments where people have access to essential services, economic opportunity, and a better quality of life. Developing this project in a place of such historical and cultural significance reinforces the importance of aligning modern urban development with identity, continuity, and long-term national priorities.” The new centrality is expected to contribute to the economic dynamization of Zaire Province by fostering job creation, supporting the local business ecosystem, and enhancing the value of a region with significant historical and cultural importance for Angola. As African cities continue to grow, the Mbanza Congo Centrality reflects an integrated model in which housing is connected to essential services, infrastructure, economic opportunity, and long-term resilience. About Mitrelli: Mitrelli (www.Mitrelli.com), a Swiss-based international company with over a decade of profound impact in Africa, has been collaborating closely with African leadership, governments, financial institutions, businesses, and communities, investing in and implementing innovative, holistic, and sustainable national-scale solutions. To date, the company has over 100 national-scale projects implemented across the continent, spanning housing, water, food, and energy, as well as key societal accelerators such as education, healthcare, and technology. To learn more, visit us at www.Mitrelli.com and follow us on LinkedIn (https://apo-opa.co/3QKYAN3).

Admin May 6, 2026 0

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CBN’s New BVN Rules: 5 Critical Changes Every Bank Customer Must Know Before May 1

From May 1st, your banking app will be tied to a single device, and your ability to change your linked phone number will be severely restricted. These measures aim to stop criminals from hijacking accounts, but they also mean less flexibility for the average user [00:12, 01:44]. The 5 Major Changes: One Device, One App: Your mobile banking app is now tied to one device at a time. If you log in on a new phone, the old one is automatically logged out. Switching between multiple phones for banking is no longer possible without extra verification [01:51]. The "One-Time" Phone Number Rule: You can now only change the phone number linked to your BVN once in your lifetime. This is a direct strike against SIM swap fraud. Tip: Use a stable, long-term number already linked to your NIN [02:35]. 24-Hour Transaction Cap: If you log into your app on a new device, your transactions will be limited to ₦20,000 for the first 24 hours. This acts as a "safety window" to prevent large-scale theft if your account is compromised [03:25]. 18+ Age Limit: The minimum age for an independent BVN is now 18 years. Accounts for minors must now be managed under the names of parents or guardians [03:08]. The 24-Hour "Fraud Watch": Any suspicious activity could trigger an automatic 24-hour hold on your BVN. During this time, your account may be frozen while the bank contacts you for verification [02:14]. 🖋️ The Roven News "Accountability" Take "While security is the goal, the 'Ugly Truth' lies in the implementation. Previous policies like the Naira redesign and the cashless drive caused massive disruptions for those who complied, primarily because the digital infrastructure wasn't ready. For our 'Pioneer' audience—especially digital entrepreneurs and students—these rules introduce significant friction. A 17-year-old running an online business may suddenly find themselves locked out, and the 'one-time phone number' rule ignores the reality of Nigeria’s fluctuating network reliability. The CBN is tightening the system, but is the infrastructure robust enough to ensure legitimate users aren't squeezed out along with the fraudsters?" [04:58, 08:19] Action Plan: What to do before May 1 Verify your Number: Ensure the phone number currently linked to your BVN is the one you intend to keep for life [04:17]. Update Now: If you need to change your linked number, do it at your bank before the May 1 deadline [04:26]. Check NIN Linkage: Make sure your BVN and NIN data match perfectly to avoid "mismatch" freezes. Step-by-Step: The BVN-NIN Sync Checklist Step 1: The Identity Audit (Check for Mismatches) Before visiting the bank, you must ensure your data is consistent across both platforms. Mismatches in Date of Birth, Name Order, or Phone Number are the leading causes of account freezes. Check your NIN: Dial *346# on your mobile phone and select the "NIN Retrieval" option (this costs ₦20). Verify that the name and phone number used match your banking records. Check your BVN: Dial *565*0# to retrieve your BVN. Note the phone number used to receive this code; this is your primary linked number. Step 2: The "Phone Number" Lock-In Under the new rules, you can only change your linked phone number once in your lifetime. The Golden Rule: Ensure the SIM card linked to your BVN is registered in your name and tied to your NIN via your mobile service provider (MTN, Airtel, etc.). If you must change it: Visit your primary bank branch NOW. Do not wait for May 1st, as the system will become significantly more rigid once the deadline passes. Step 3: Device Binding Preparation Because your app will now be tied to a single device, you need to ensure your main "banking phone" is secure. Logout of Secondary Devices: If you have your banking app on a tablet and a phone, choose one. The new system will automatically log you out of the older session, but doing it manually now prevents "suspicious activity" flags later. Biometric Setup: Ensure your phone’s facial recognition or fingerprint scanner is active. The new CBN rules prioritize biometric login over simple passwords for "new device" verifications. Step 4: The 24-Hour Buffer Test If you plan on buying a new phone soon, do it before May 1st. Why? After the deadline, logging into a new device triggers a 24-hour transaction cap of ₦20,000. If you have an urgent business payment to make, a new phone could trap your capital for a full day. 🖋️ The Roven News "Value" Warning "For the Nigerian diaspora and digital 'Pioneers,' the window for correction is closing. If you are abroad and your Nigerian SIM is inactive or not linked to your NIN, you risk losing access to your local accounts entirely. Most importantly, remember that identity synchronization is the only insurance against the '24-hour fraud watch list'. If the CBN system detects a conflict between your bank data and your national ID data, it will hit the 'pause button' on your account. Sync now, or stay locked out." Quick Links for Pioneers: NIN Self-Service: Visit the NIMC portal to modify data if your name is spelled differently than in your bank records. Bank Apps: Most tier-1 banks (GTB, Zenith, Access) have now added an "Update BVN/NIN" button in their mobile apps. Check yours today.

Admin April 28, 2026 0

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Dangote Sugar shareholders approve N500bn Rights Issue for strategic expansion

Shareholders of Dangote Sugar have given their approval for a significant financial maneuver aimed at bolstering the company’s expansion plans. In a decisive move, the board has acquired the green light to embark on a N500 billion Rights Issue. This move is aimed at enhancing the company's capital base, providing the necessary financial muscle to pursue strategic initiatives that are expected to increase market share and boost profitability. The approval underscores the shareholders' confidence in Dangote Sugar’s growth trajectory and its plans to secure a more dominant position in the highly competitive sugar industry. This strategic expansion is not just about increasing production capacity but also about making significant inroads into new markets and enhancing operational efficiencies. According to company insiders, the funds raised through this Rights Issue will be channeled into upgrading current production facilities and exploring opportunities for acquisitions that align with the company's growth objectives. Dangote Sugar has been strategically positioning itself to not only meet the rising demand for sugar in the local market but also to extend its reach to neighboring regions. The adoption of advanced technology is at the forefront of these enhancements, ensuring that the company remains at the cutting edge of sugar production. With this approval, Dangote Sugar is set to redefine its business model and strengthen its market presence significantly. Stakeholders are optimistic that these strategic investments will lead to increased efficiency and enhanced profitability in the long run. The company’s management has consistently communicated its commitment to achieving sustainable growth and delivering value to its shareholders. The decision to pursue a N500 billion Rights Issue is seen as a prudent step in aligning financial resources with the company’s ambitious future plans, ultimately fostering a more resilient and competitive market standing for Dangote Sugar.

Admin April 17, 2026 0

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Mitrelli Lays First Stone for Mbanza Congo Centrality in Angola, Advancing Integrated Urban Development Ahead of Global Housing Debate at 13th World Urban Forum (WUF13)

The project will provide 1,500 housing units and essential social infrastructure for approximately 10,500 people, bringing Mitrelli’s portfolio in Angola to 14 urban development projects

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Business & Economy

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DR Congo to Ban Use of Foreign Currencies in Cash Transactions by 2027

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Lagos Assembly: Elliott Urges Surulere to Choose Experience Over Experimentation** In a recent statement, Lagos Assembly member Desmond Elliott emphasized the importance of valuing experience in governance Speaking to Surulere constituents, Elliott advis

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Mitrelli Lays First Stone for Mbanza Congo Centrality in Angola, Advancing Integrated Urban Development Ahead of Global Housing Debate at 13th World Urban Forum (WUF13)

The project will provide 1,500 housing units and essential social infrastructure for approximately 10,500 people, bringing Mitrelli’s portfolio in Angola to 14 urban development projects

Tags

Dauda Adeshina

Business & Economy

Chinese firms to operate Warri, Port Harcourt refineries — NNPC

Customs intercept N18.96bn cannabis hidden in imported vehicles

Petrol nears N1,400/litre as Dangote hikes price

Nigeria's Public Debt Reaches N15928 Trillion in Q4 2025: NBS Report

Banking and Industrial Goods Sectors Boost Stock Market with N55 Trillion Gain for Investors

CBN should revisit its new POS rule

DR Congo to Ban Use of Foreign Currencies in Cash Transactions by 2027

DR Congo's Bold Move: Dollar Ban in Cash Transactions

CBN Clarifies: Viral N5,000 Tinubu Note is a Hoax

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Top news of the week

Lagos Assembly: Elliott Urges Surulere to Choose Experience Over Experimentation** In a recent statement, Lagos Assembly member Desmond Elliott emphasized the importance of valuing experience in governance Speaking to Surulere constituents, Elliott advis

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