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…
Governments and agencies stop subsidizing Somali government
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…
COVID-19: World Bank Calls For Swift Coronavirus Action…
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…
Nigeria: Ngozi Okonjo-Iweala in final race to become…
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…
Economic distancing: 60 million face extreme poverty –…
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…
World Bank predicts sub-Saharan Africa recession in 2020
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…
Kenya secures $50m coronavirus loan from World Bank,…
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…
Coronavirus, a global issue – IMF, Heads of…
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…
World Bank update, a reminder of our plan…
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…
World Bank In Talks With Nigeria Over New…
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…
