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Sub-Saharan Africa

Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

Facebook opens office in Lagos

Social Media giant, Facebook, said it would be opening an office in Lagos as part of its continued commitment and ongoing investment in Africa.
The Federal Road Safety Corps (FRSC) said on Monday that 46 persons died in road accidents at the Old Toll-Gate corridor on the Abeokuta-Lagos expressway between January 2014 and May 2020.

13 persons die in multiple autocrash in Kwara

Thirteen persons were reported dead in two separate motor accidents along Ilorin-Jebba-Mokwa highway in the Moro local government area of Kwara state early hours of Thursday.
The Kaduna State Governor, Nasir El-Rufai, on Friday, met with the dethroned Emir of Kano, Muhammadu Sanusi, in Awe, Nasarawa State. 1

Muhammadu Sanusi: Girl-child education, key to our national development

Former Central Bank Governor, Lamido Sanusi, has called for a vigorous education of the girl-child as a crucial solution to Nigeria’s socio-economic development.
The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido

IMF to disburse $1 billion to Angola to address virus crisis

The International Monetary Fund (IMF) on Wednesday said it would disburse 1 billion dollars to Angola to address the impact of the coronavirus pandemic.
The logo of South Africa's Standard Bank is seen above the company's headquarters in Cape Town, South Africa, file. REUTERS-Mike Hutchings-File Photo

South African bank profits seen taking years to recover from virus hit

Coronavirus-related bad debts have set South African banks’ profits back by around a decade or more and they are unlikely to recover for at least three years, two top executives told Reuters, as the economy struggles with recession.

POS, Mobile transactions volume hits four-year high in Nigeria

According to the Principal Lead MasterCard Advisors for Sub-Saharan Africa, Bola Asiru, “POS transaction volume along with mobile transactions (Interscheme) value, reached four years high with N416 billion and N275 billion transactions in July respectively.
Premier League has been hit by 14 new cases of coronavirus since teams returned to training, reports claim.

Premier League terminate £490 million TV deal in China

The Premier League has terminated its TV rights deal with China, its biggest overseas contract, leaving a huge hole in clubs’ finances.
Ghana's Minister of Finance Ken Ofori-Atta makes remarks at the Institute of International Finance's meeting entitled "G20: Compact With Africa", during the IMF and World Bank's 2017 Annual Fall Meetings, in Washington, U.S., October 11, 2017. REUTERS/Mike Theiler

Sub-Saharan Africa’s virus-induced slump may last three years – Ghanaian minister

The economic slump in sub-Saharan Africa caused by the coronavirus outbreak could last well over three years, Ghana’s finance minister said on Tuesday.
BBNaija season 5 will be broadcast live and 24-7 on DStv channel 198 and GOtv Max and Jolli packages on channel 29, with the live eviction shows and weekly highlights aired on Africa Magic Showcase, Africa Magic Urban and Africa Magic Family.

#BBNaija becomes most-watched entertainment live stream on Showmax

Showmax, an internet television service, on Friday said the ongoing Big Brother Naija (BBNaija) show had become the most popular entertainment live stream on that platform
The International Organisation for Migration (IOM) said, on Monday, that more than 240 illegal immigrants were rescued off the Libyan coast in the past week.

UN: 27 dead after boat capsizes off Mauritanian coast

Twenty-seven people have died after their boat capsized off the coast of Mauritania, UN agencies said on Friday.
Shoppers stock up on groceries as they wear protective masks to contain coronavirus at a Makro store in Johannesburg, South Africa, March 16, 2020. REUTERS-Siphiwe Sibeko-File Photo

Sub-Saharan Africa GDP to contract 3.1% this year

Sub-Saharan Africa’s economy will contract this year after shutdowns disrupted activity and as daily cases of coronavirus are still rising in the region but a recovery is expected next year, a Reuters poll found on Friday.
3. The truce-seeking trip of President Muhammadu Buhari to the Malian capital of Bamako on Thursday ended without a deal to soothe the country’s escalating political crisis.

President Buhari urges Nigerians abroad to support economic recovery

President Muhammadu Buhari on Saturday appealed to Nigerians in the diaspora to actively participate in the country’s post-COVID-19 economic recovery efforts.

World Bank approves $150 million to boost secondary education in rural Uganda

World Bank has approved a $150 million project aimed at boosting secondary education in rural Uganda.
But nearly 18 months on, former president Joseph Kabila remains a powerful figure, wielding influence in the murky politics of the Democratic Republic of Congo through a network of followers and a forced coalition with his successor.

DR Congo’s Joseph Kabila prowls the political sidelines

Officially, he stepped down in January 2019, retiring after 18 years at the helm of the biggest country in sub-Saharan Africa.
The World Health Organization (WHO) today (July 23) warned of the threat posed by COVID-19 to health workers across Africa.

WHO: Over 10,000 health workers infected with coronavirus in Africa

The World Health Organization (WHO) today (July 23) warned of the threat posed by COVID-19 to health workers across Africa.

Fitch: Nigeria’s rating suffers blow from pandemic, oil shock

Fitch Ratings has said the coronavirus pandemic and the oil price shock have caused a severe impact on credit rating in Nigeria and some other sub-Saharan African countries.
Nigeria’s population is expected to surpass that of China by 2100, a new study suggests.

Nigeria’s population to overtake China’s by 2100 – study

China, which is currently the most populous nation in the world, is expected to peak at 1.4 billion in four years time before nearly halving to 732 million by 2100 while India will become the world’s most populous nation.

Segun Agbaje elected into PepsiCo board of directors

PepsiCo has elected Segun Agbaje as an independent member of its Board of Directors.

Recent Stories

Akwa Ibom enacts law to establish own official symbols

Akwa Ibom governent has enacted a law to establish the state’s official symbols and other other related matters just it’s celebrates the 33rd anniversary of its creation.

Labour plan nationwide protest, strike for Monday

The Trade Union Congress (TUC) and Nigeria Labour Congress (NLC) have vowed to embark on a nationwide protest on Monday, September 28 to protest recent hikes in fuel prices and power tariff.
West Ham manager David Moyes says he can provide stability and growth for the club if he is given enough time at the London Stadium.

West Ham coach, two players contract coronavirus

West Ham have confirmed that manager David Moyes has tested positive for coronavirus, alongside players Issa Diop and Josh Cullen.
The Economic and Financial Crimes Commission, EFCC, today docked for fraud Pius Ugochukwu Ezeokafor, a former Director of Physical Planning, and now Senior Lecturer in the Department of Architecture, Federal Polytechnic, Oko, Anambra State.

EFCC docks polytechnic lecturer for N27 million fraud

The Economic and Financial Crimes Commission, EFCC, today docked for fraud Pius Ugochukwu Ezeokafor, a former Director of Physical Planning, and now Senior Lecturer in the Department of Architecture, Federal Polytechnic, Oko, Anambra State.
Former Emir of Kano and one-time Managing Director of First Bank, Muhammadu Sanusi II, has lamented that the nation’s economy has not been diversified, over 60 years after the discovery of oil in Nigeria.

Muhammadu Sanusi advises Nigerian government on human capital development

Former Emir of Kano and one-time Managing Director of First Bank, Muhammadu Sanusi II, has lamented that the nation’s economy has not been diversified, over 60 years after the discovery of oil in Nigeria.