Internet Economy In Nigeria To Reach $180bn In 2025
The Internet economy has the potential to contribute $180bn to the economy of Nigeria and other African countries by 2025, according to a new study by Google and International Finance Corporation.
The findings of the study made...
COVID-19 Threatens African Countries’ IGR, Others
The coronavirus (COVID-19) pandemic; has threatened African countries’ internally-generated revenues (IGR) thereby impeding their ability to fund essential services in education, health and infrastructure sectors of the economy.
According to the 2019 Human Development Report, Africa will not be unable...
COVID-19: China Will Give Debt Relief To African Countries
By Chu Maoming
Within the FOCAC framework, China will cancel the debt of relevant African countries in the form of interest-free government loans that are due to mature by the end of 2020. This was announced by...
Afreximbank Unveils $3m COVID-19 Grant For African Countries
The African Export-Import Bank (Afreximbank) has announced a $3 million grant to complement efforts to combat the COVID-19 pandemic across African countries.
Afreximbank President, Prof. Benedict Oramah, who made the announcement in Cairo, recently, said the fund was...
Nigeria, Others Need $114bn To Fight COVID-19 - IMF
Nigeria and other African countries need an estimated $114bn to fund the campaign against the outbreak of the coronavirus disease on the continent.
This was disclosed in a statement posted on the website of the International Monetary...
Nigeria, Others Seek Debt Relief From World Bank
The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to cushion the negative impact of the coronavirus pandemic on the economies of countries within the region.
They said the...
