Africa – Sector.Africa

Kenya Airways Suspends Operations in 8 African Countries, Blames COVID-19

August 11, 2020 Sector.Africa AdministratorAfrica, Air Travel, Airline, Aviation, Cargo, Coronavirus, Countries, COVID-19, covid19, ear, Gola, Kenya, Khartoum, Law, Malawi, Mogadishu, Mozambique, Nairobi, news, Over, president, project, Somalia, Sudan, Tanzania, Transport, Virus0 comment

Kenya Airways (KQ) has suspended operations in eight African routes, after experiencing a deep downturn, which it attributes to the COVID19 Pandemic. In a statement to newsrooms, KQ said that the drastic decline in revenues has had a debilitating effect on the airline’s ability to continue operations. “The immediate outlook of the industry is not promising. The International Air Transport Association (IATA) projects that air travel will most likely take 2-3 years to recover to 2019 levels,” said KQ. Among the routes that have been suspended include Nairobi – Luanda,…

Africa Covid19

Ghana FA Shows NFF The Way, Distributes COVID-19 Relief Funds To Clubs

August 11, 2020August 11, 2020 Sector.Africa AdministratorAfrica, COVID-19, Football, Ghana, Ghana Football Association, Government, MIT, Niger, Nigeria, NIgerian, Pandemic, president, Women0 comment

The Ghana Football Association (GFA) have shown the Nigerian Football Federation (NFF) the true meaning of transparency after distributing COVID-19 relief funds among the nation’s clubs. The GFA on Wednesday announced the payment plan of the FIFA and CAF Relief Funds to their various stakeholders with the Ghana Premier League (GPL) clubs having already received payments. Premier clubs are expected to receive $15,000 from the FIFA fund of which the first tranche of $10,000 would be disbursed immediately whilst division one clubs would receive $5,000 out of which $7000 would…

Africa Manufacturing

Manufacturing sector in Nigeria and the reality of a “new normal”

August 10, 2020 Sector.Africa AdministratorAfrica, African Continental Free Trade Agreement, Aliko Dangote, Asia, Bank, CBN, Central bank, Central Bank Of Nigeria, China, Closure, Companies, consumer, Economy, Employment, eo, GDP, Government, Industries, Lockdown, Logistics, Manufacturing, Niger, Nigeria, NIgerian, Orders, Pandemic, Safe, Safety, Smuggling, Sustainability, Trade, Transport0 comment

Across the globe, there is a pervading awareness that things will never be the same in the post-pandemic era. Already, some business ventures that were once considered the ‘crème’ of the global economy have taken serious hits in unimaginable measures, and some of the little ones which were regarded as below the rung, are fast rising to match up. With the new social rules in place, some businesses have come to the sad realisation that they may have to remain closed for much longer than they expected. Even for those…

Africa Covid19

World Bank approves $114.3m grant for Nigeria to boost COVID-19 response

August 9, 2020 Sector.Africa AdministratorBank, Business, COVID-19, Disease, Economy, Federal Capital Territory, Finance, Government, Health, Health care, healthcare, Hygiene, International Development Association, Loans, Medical equipment, Medicine, Nigeria, Nigeria Centre for Disease Control, NIgerian, Over, Pandemic, Patient, Prevention, project, Public health, Sanitation0 comment

The World Bank Board of Directors, on Friday, approved a $114.28 million financing package to help Nigeria effectively respond to the threat posed by COVID-19 to the country’s economy. The grant includes $100 million credit from the International Development Association (IDA) and $14.28 million from the Pandemic Emergency Financing Facility to prevent, detect and respond to the threat with a specific focus on state level responses. Through the COVID-19 Preparedness and Response Project (CoPREP), the World Bank said the Nigerian government would provide grants to the 36 states and the Federal…

Africa Covid19

Buhari govt gives fresh update on reopening of schools

August 7, 2020August 7, 2020 Sector.Africa AdministratorAbuja, Buhari, College, COVID-19, Edu, Education, Government, IG, Niger, Nigeria, Over, president0 comment

The Minister of Education, Chukwuemeka Nwajiuba, on Monday gave an update on the reopening of schools. Nwajiuba disclosed that all the 104 Unity Colleges across the country are ready to reopening for the final year classes. He said this during the daily briefing of the Presidential Taskforce on COVID-19 in Abuja. According to Nwajiuba: “All the 104 Unity Colleges has resumed school on August 4, 2020.” Federal government had shutdown schools in Nigeria, following the outbreak of COVID-19. However, the Federal Ministry of Education announced on July 27 that exiting…