Many African countries have been recording high economic growth rates for years. However, a recent study showed that poverty on the continent has increased again. How can this be? When it is about poverty in Africa, there are many misunderstandings. According to surveys, a large proportion...
Cape Town — Levels of poverty, economic opportunities, and unemployment are key factors increasing the likelihood of conflict, and there has been strong agreement that climate change, is a major driver of violent conflict. Climate has affected the risk of violence within countries, and as global...
United Bank for Africa Plc (UBA) today announced a donation of over 5 billion Naira (U$D14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the Coronavirus (COVID-19) global pandemic. The donation will provide significant and much needed support to...
International benchmark Brent crude fell to $25 a barrel last week, after starting out the year at more than $65. Amid the ongoing historic meltdown in the global oil industry, characterized by a supply crisis and an unprecedented demand event, there are indications prices may...
Doctors around the world are suggesting that a loss or reduced sense of smell and loss of taste are significant symptoms associated with COVID-19, the new coronavirus disease which was caused by SARS-CoV-2. They, however, caution that the evidence is preliminary. It has been reported that anosmia (the...
The Lagos state government has ordered the shutdown of all non-essential markets and stores for a duration of seven days effective Thursday, March 26, 2020, to curb the spread of coronavirus. Addressing Lagosians on Tuesday, March 24 at the State House in Marina, Governor Babajide Sanwo-Olu...
The umbrella organization for Nigeria’s private sector has asked the federal government for a tax holiday and other alleviating measures to help relieve the sector of the distress brought by the global COVID-19 outbreak. Implications of the ongoing pandemic on the private sector could be severe enough to...
Nigeria is considering cutting its $28 billion (₦10.6 trillion) record budget for the year by at least $4.90 billion (₦1.5 trillion), finance minister Zainab Ahmed said this week, as the government reacts to the economic fallout of the coronavirus outbreak. The pandemic has taken a massive...
Kenya’s plan to sign a free trade deal with the United States is set for a long legal tussle after two lawyers challenged the controversial move at the East African Court of Justice. Christopher Ayieko and Emily Osiemo filed a petition at the regional court challenging the...
With 46 confirmed cases of coronavirus in Nigeria as of 7:00 am on March 25, 2020, top banks across the country have intensified safety measures to curb further spread of the virus. AccessBankPlc closed its VI branch after a customer was tested positive for Coronavirus after visiting the bank...
