Africa Government Manufacturing 

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

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…

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French Company Using Satellite Innovation to Increase Maize Yields in Western Kenya

A new 18-month task will use innovative digital tools to keep track of agricultural soil health conditions in western Kenya and optimise making use of fertilisers, water and carbon sequestration in maize production Led by French agtech business itk. The KILIMO task’s goal is to demonstrate how satellite and modelling technologies can produce tailored, farm-level recommendations at scale Satellite to map and track the condition of Vihiga Nation’s soils through colour spectrometry, which analyses crop colour and density. This real-time details, combined with meteorological information, will be fed into itk…

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DavidsTea closing 82 stores in Canada and all 42 stores in the U.S. market

Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and all 42 of its stores in the U.S. as it focuses on its e-commerce business and supplying grocery stores and pharmacies. The Montreal-based company announced Thursday that it is sending notices to terminate the leases at the 124 stores to take effect in 30 days. The move would affect about half of its workforce of nearly 2,500, including all 366 employees in the United States. It will also seek more favourable lease terms for the remaining 100 stores in…

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Africa Covid19 Financial Services Government Healthcare 

Nigeria likely to go into severe recession due to COVID-19, Oil price crash

The World Bank made this known in a statement in Abuja on Thursday as part of its latest Nigeria Development Update (NDU). The bank said the report indicated that Nigeria in Times of COVID-19: Laying Foundations for a Strong Recovery, estimated that the country’s economy would likely contract by 3.2 per cent in 2020. It stated that this projection assumed that the spread of COVID-19 in Nigeria would be contained by the third quarter of 2020. It however noted that If the spread of the virus became more severe, the…

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Covid19 North America 

Canada Just Invested $100 Million Into Vegan Meat

Canada’s vegan meat industry just got a huge boost. The country just announced a nearly $100 million investment in vegan protein. Prime Minister Justin Trudeau announced that the multi-million dollar funding would go to Merit Functional Foods. The Winnipeg-based company specializes in producing plant-based proteins. Merit will use the funds to build its new commercial-scale protein production plant. The facility will be capable of utilizing 10,000 metric tonnes of yellow peas, an ingredient used to make plant-based meat like the Beyond Burger available at A&W Canada, in its first year.…

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