The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the Cinema Exhibitors Association of Nigeria (CEAN), said in a statement on Tuesday in Lagos that cinema lovers would enjoy discounted […]
According to Caasimada online media, there are reports that the Somali government has been cutting off funding from organizations and countries that used to pay for the government facilities. This may be related to the political dispute between regional administration leaders and the central government that has led to the international community interfering in Somali […]
The World Bank has demanded swift Coronavirus response from health agencies all over the world particularly in Africa due to the outbreak of the virus in major populated African countries. They have ordered the immediate vaccination of African countries. South Africa and Nigeria, the two biggest economies in the district, saw yield fall pointedly in […]
The World Trade Organization (WTO) said on Thursday South Korea’s trade minister and a Harvard-trained former Nigerian finance minister were in running to become the next director-general of the Geneva-based body, ensuring a woman in the top job for the first time. WTO spokesman Keith Rockwell announced that a selection committee, after meeting in recent […]
The coronavirus pandemic and its economic consequences could push as many as 60 million people into extreme poverty. The World Bank warns that the progress made over the past three years in the fight against poverty could be wiped out. Living on less than $1.90 per person per day is how the financial institution defines […]
Sub-Saharan Africa is expected to go into recession this year due to the coronavirus pandemic. This is according to a World Bank assessment of the impact of covid-19 in this part of the continent. GDPs are expected to fall in Nigeria, Angola and South Africa, the three largest economies in sub-Saharan Africa. World Bank chief […]
Kenya’s request to the World Bank for $50m to fund containment efforts of the coronavirus pandemic has been approved according to Health Minister Mutahi Kagwe. Minister Kagwe confirms that the funds will largely go into boosting capacity of frontline staff – i.e. buying protective gear for health workers, hand sanitizers, increasing bed capacity in hospitals […]
The International Monetary Fund, (IMF) and World Bank Group on Wednesday announced other measures to curb the impact of the coronavirus on the world’s economy and health. “We know the disease is spreading quickly with over one-third of our membership affected directly. This is no longer a regional issue. It is a global problem calling […]
For the first time, Uganda’s major external funding partner, the World Bank, in its 14th Uganda Economic Update, emphasised Social Protection programmes as an important policy tool for building resilience and supporting households to invest in human capital development. Uganda has continuously prioritised investment in physical infrastructure over the years and indeed, the proposed budget […]
The World Bank says it is in talks with the Nigerian government for a $2.5 billion loan to resolve the problems of the country’s power sector. World Bank’s Vice President for Africa, Hafez Ghanem said this while addressing journalists in Abuja, Bloomberg reported on Wednesday. “We’re talking about a new set of programmes of about […]