COVID-19 pushes central banks across Africa to slash lending rates

As the impact of COVID-19 levitates on emerging economies in Africa, central banks across the continent are adopting various contingency plans to salvage their economies or better still keep it alive to survive this pandemic recession. Between the period of March and May 2020, a unison approach of slashing lending rates to cushion the macro-economy […]

Start Of The Mask Economy

Ghana and Nigeria brace for the economic nightmare ahead, even as the region’s billionaires, entrepreneurs and innovators chip in for the fight against Covid-19. The Labadi Beach Hotel, set amidst landscaped tropical gardens in the heart of Accra, is unusually quiet on the Tuesday morning FORBES AFRICA visits in mid-March. The usual bustle of the […]

What it takes to get a Marginal Oil and Gas Field in Nigeria

Nigeria’s marginal fields licensing rounds have been the cornerstone of Nigeria’s upstream local content development strategy since the early 2000s Licensing round implicates a carefully laid out process, including the negotiation of farm-out agreements with holders of the OMLs (Farmors) within which the marginal fields exist Following its marginal fields licensing rounds in 2001 and […]

The opportunities in Africa’s $100 billion infrastructure deficit

The crisis  When cinemas across Lagos shut down activities on March 24, following the advice of the state government, most expected that the shutdown would not last for long.   Genesis Cinema, in its announcement, stated, “As this is an evolving situation, we will keep you updated and we look forward to welcoming you back soon with the best cinema experience.”  Filmhouse also released […]

Ghana coronavirus: Cases pass 10,000 mark; FDA to vet rapid test kits

Ghana is West Africa’s most impacted nation behind Nigeria, at a point in May 2020, Ghana led the regional case load. June has started with progressive lifting of more virus restrictions. President Akufo-Addo in his tenth address announced that whiles borders remained closed, some categories of academic institutions are allowed to resume, religious places can […]

How business can Fight COVID-19 in poor communities – The Sun Nigeria

Ijeoma Nwagwu The COVID-19 crisis has triggered an unprecedented homegrown response in Africa. There has been an outpouring of corporate philanthropy and community solidarity: for example, South Africa’s Solidarity Fund and Nigeria’s Private Sector Coalition Against COVID-19 (CACOVID). Large gifts complement a deluge of giving from private individuals and small businesses to cushion the socio-economics […]

Uber Africa launches Uber Cash with Flutterwave and explores EVs – TechCrunch

Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with San Francisco-based — Nigerian-founded — fintech firm Flutterwave. The arrangement will allow riders to top up Uber wallets using the dozens of remittance partners active on Flutterwave’s Pan-African network. Flutterwave operates as a B2B payments gateway network that allows […]

[IN NUMBERS] Coronavirus Update: COVID-19 In Africa

Ghana and Nigeria brace for the economic nightmare ahead, even as the region’s billionaires, entrepreneurs and innovators chip in for the fight against Covid-19. The Labadi Beach Hotel, set amidst landscaped tropical gardens in the heart of Accra, is unusually quiet on the Tuesday morning FORBES AFRICA visits in mid-March. The usual bustle of the […]