COVID-19: IFC moves to support Nigerian businesses hit by the pandemic
08 July 2020 |
7:08 am
As the economic fallout from the COVID-19 pandemic continue to rip through businesses across Africa and the globe, to what extent can international and development finance institutions provide support for Africa? Following latest signings and partnerships with banks in Nigeria, Eme Essien Lore, the Nigeria Country Manager at the International Finance Corporation joins CNBC Africa for more.
Related
15 Oct
Taiwanese residents voice anguish and outrage after 46 people perished in an inferno that tore through a dilapidated housing block, as investigators searched for what sparked the island's deadliest fire in decades.
2 days ago
The US had previously blocked Turkey from buying fighter jets because the Turkish government had purchased S-400 defense air systems from Moscow.
4 days ago
After the European car industry moved much of its production into Eastern Europe, some believe the next step is Africa, both for production and a growing consumer market. Should Germany's eastern neighbors be worried?
4 days ago
In the quiet Texas town of Rockdale, North America's largest bitcoin mine is part of an already bustling US business now boosted by Beijing's intensified crypto crackdown that has pushed the industry west.
4 days ago
Facebook has announced that it will expand in the European Union to build a new computing platform. It comes as the tech giant contends with concerns over its practices.
3 days ago
The new Lebanese government is to resume negotiations with the IMF after talks stalled 13 months ago. Success, however, is not guaranteed, warn some experts.
2 days ago
Farmers and lobby groups are split on an EU agricultural reform that may increase farmers' incomes and consumers' prices. A DW joint report reveals a rift between farmers and the groups purporting to represent them.
2 days ago
Africa's glaciers could all be gone by 2040. The UN forecasts a grim toll for Africa from climate change. It has also warned that massive displacement, hunger and extreme heat are in store for over 100 million of the continent's poorest. And October 19 marks Breast Cancer Awareness day, In Tunisia campaigners are ramping up efforts to get more people in for screenings on time.
1 day ago
Sendbox, a Nigeria-based e-commerce platform, has secured $1.8 million from a seed round led by 4Dx Ventures, Enza Capital, FJLabs, and Golden Palm Investments, bringing its total investment to $2 million.
1 day ago
Experts question whether Google's planned $1 billion investment in Africa stands to benefit the continent in the long term. Instead, some see it as another avenue for big tech companies to acquire budding start-ups.
1 day ago
Ghana's smock garment used to be reserved for royal use. These days, a flood of imported yarn has opened the market to near universal use, and the smock has become a Ghanaian clothing icon. Yet the country's collapsed cotton industry has left the financial fortunes of weavers and smock makers hanging by a thread.
1 day ago
New Zealand Prime Minister Jacinda Ardern announces a comprehensive in-principle free trade agreement with the UK, arrived at after 16 months of talks. London said the deal ends tariffs on British exports such as clothing, footwear, ships and bulldozers. It estimated that trade between the two countries last year was worth £2.3 billion ($3.2 billion, 2.7 billion euros).
Latest
1 day ago
A grave lack of state support programs has driven many young Spaniards to despair in recent years, which were marked by multiple economic crises. As students are suffering the most, efforts are underway to help them.
1 day ago
In a square in central Fez, the steady beat of hammers on copper has returned - a welcome signal for the ancient Moroccan city's thousands of artisans that trade is slowly picking up after a brutal COVID-induced slump.
Activity is still some way below pre-pandemic levels, and master coppersmith Mohammed Kobbi says the high cost of the metal has hit profit margins.
"The situation is starting to improve," he told Reuters as he hurried past Seffarine Square to deliver an order of eight large pans to a local restaurant.
1 day ago
Australia's second-largest city is expected to come out of lockdown despite an increase in infections. Meanwhile, Latvia is diving into a month-long lockdown.
1 day ago
India celebrated the milestone of administering 1 billion COVID-19 vaccine doses on Thursday, with the government promoting the achievement with song.
1 day ago
The US president has voiced his concern over China's missile capabilities as his nominee to be the next ambassador to the country said "we certainly cannot trust the Chinese" over the issue of Taiwan.
1 day ago
New Zealand Prime Minister Jacinda Ardern announces a comprehensive in-principle free trade agreement with the UK, arrived at after 16 months of talks. London said the deal ends tariffs on British exports such as clothing, footwear, ships and bulldozers. It estimated that trade between the two countries last year was worth £2.3 billion ($3.2 billion, 2.7 billion euros).