Wednesday, July 28Inside Business Africa
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Somalia’s Women and Children are Among the 1.84 Million to Benefit from Improved Healthcare Services

Somalia’s Women and Children are Among the 1.84 Million to Benefit from Improved Healthcare Services

Business, Economy, Health
The World Bank approved the Improving Healthcare Services in Somalia Project, known as “Damal Caafimaad,” which is financed by a US$75 million International Development Assistance (IDA) grant and an additional US$25 million grant from the Global Financing Facility for Women, Children and Adolescents (GFF). This project is the first World Bank investment in Somalia’s health sector in 30 years. The project will deliver essential health and nutrition services and improve health service coverage and quality in some of Somalia’s most disadvantaged areas, including Nugaal (Puntland), Bakool and Bay (South West), Hiraan, and Middle Shebelle (Hirshabelle). Around 10 percent of Somalia’s population, as well as internally displaced persons (IDPs) and nomads in the target regions, will ...
UNHCR welcomes Togo’s decision to intensify its fight against statelessness

UNHCR welcomes Togo’s decision to intensify its fight against statelessness

Economy, Innovation
UNHCR, the UN Refugee Agency, applauds Togo’s accession to the two UN Conventions on Statelessness. Togo has now become the latest country to join the 1954 Convention on the Status of Stateless Persons and the 1961 Convention on the Reduction of Statelessness, helping to advance the global fight to end statelessness. Statelessness, the situation of people who are not recognized as citizens by any country, is a global phenomenon that continues to affect millions of people worldwide, leaving them marginalized and highly vulnerable. In depositing instruments of accession to both treaties on 14 July, Togo signaled its political will to tackle the root causes of statelessness as well as its support for UNHCR’s #IBelong Campaign to End Statelessness by 2024. Togo’s accessi...
Nigerian consumers, firms witness 32% rise in malware attacks

Nigerian consumers, firms witness 32% rise in malware attacks

Economy
an Internet security firm said in South Africa, Kenya, and Nigeria, its research identified the top malware families as ransomware, financial/banking trojans, and crypto-miner malware. When comparing the first quarter of 2021 (Q1) with second quarter of 2021 (Q2), Kaspersky saw a 24 per cent increase in ransomware in Q2 2021 in South Africa, as well as an increase of 14 per cent in crypto-miner malware. In Kenya and Nigeria, Kaspersky saw a large increase in financial/banking trojans in Q2 2021 when compared to the figures for Q1 2021 – a 59 per cent increase in Kenya and a 32 per cent increase in Nigeria.x It explained that when looking at the general cyber threat landscape as it impacts consumers and businesses, research showed that in 2020, worldwide, approximately 10 per ce...
CBN to provide affordable finance to rural farmers

CBN to provide affordable finance to rural farmers

Business, Economy
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has assured the apex bank’s collaboration with the National Agriculture Land Development Authority (NALDA) to develop integrated farms across the country, provide affordable and accessible finance to farmers in rural communities in addition to providing jobs for the teeming population. Emefiele noted that NALDA, an integrated farm estate, is expected to serve as an agricultural hub for inhabitants with its wide range of facilities to support farming, processing and packaging plants, storage, clinics, residential area, school, training centres among other facilities. He spoke recently at the inauguration of the first National Agriculture Land Development Authority (NALDA) Integrated Farm Estate in Suduje Daura, Ka...
Travellers bemoan travel rules, high cost of multiple tests

Travellers bemoan travel rules, high cost of multiple tests

Economy, Travel
Despite the fresh concerns posed by the new wave of COVID-19 pandemic, air travellers have bemoaned frustration posed by various travel rules, testing requirements, and excessive test costs. The travellers, in a new survey conducted by the body of international airlines, showed a higher preference for, and confidence in mask-wearing protocols. How Nigeria can tap $53trillion global ESG fund for oil projects10 hours agoCBN to provide affordable finance to rural farmers10 hours agoCustoms enforces zero duty on imported aircraft, spare parts10 hours ago Testing centre at the airport.<br />Source: DPA/PICTURE ALLIANCE VIA GETTY IMAGESDespite the fresh concerns posed by the new wave of COVID-19 pandemic, air travellers have bemoaned frustration posed by various travel rules,...
Customs enforces zero duty on imported aircraft, spare parts

Customs enforces zero duty on imported aircraft, spare parts

Economy
After many deliberations, the Nigerian Customs Service (NCS) has finally begun the implementation of zero surcharges on imported commercial aircraft and spares parts used by local airlines. The Airline Operators of Nigeria (AON), yesterday, confirmed the removal of mandatory seven per cent charges that airlines have erstwhile paid. It was a hard-fought battle that dated back to 2016. Though the Ministry of Aviation had rallied against the charges as part of measures to support local airlines, the Ministry of Finance and NCS had continued to impose the charges on operators. The Guardian learned the matter reached its peak recently at a Senate hearing where the AON renewed campaign against the charges, forcing lawmakers to intervene. Vice-Chairman of the association, Allen O...
Nigeria’s crude wobbles as inventories keep volatility high

Nigeria’s crude wobbles as inventories keep volatility high

Business, Economy, Oil & Gas
Selling above $75 dollar per barrel earlier this week, Nigeria’s Bonny Light crude yesterday, dropped to $68 per barrel on the backdrop of rising inventory by the American Petroleum Institute (API). With a record $7 slide in less than two days, API had reported a build in crude oil inventories of 806,000 barrels for the week ending July 16, bringing the total 2021 crude draw to under 50 million barrels. This follows a recent agreement by the Organisation of Oil Exporting Countries (OPEC) and its alliance to boost production monthly by 400, 000 barrels per day. While Nigeria had set a budget benchmark of $57 per barrel for the 2022 budget, and higher crude oil production at 1.88 million barrels per day (bpd), the latest OPEC decision authorised the nation to produce 1.829 mill...
Union, Northern governors bicker over planned sale of Kaduna Textiles

Union, Northern governors bicker over planned sale of Kaduna Textiles

Business, Economy
Irked by the state of the textile industry in the country, officials of the National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) have warned the 19 Northern governors against selling the comatose Kaduna Textiles Limited (KTL).The textile union leaders also challenged the Federal Government to be more committed to the revival of the industry by ensuring that every Nigerian patronises locally-made fabrics. They urged President Muhammadu Buhari to lead by example.Besides, the union leaders called for the revival of the Kaduna textile industry and asked the Northern governors to pay the outstanding entitlements, amounting to N687 million, owed laid-off workers.The NUTGTWN President, John Adaji, yesterday, said the laid-off workers had suffered untold hardship follo...
Poor infrastructure costing Nigeria $17.1b yearly, says AfDB

Poor infrastructure costing Nigeria $17.1b yearly, says AfDB

Economy
The African Development Bank (AfDB) says Nigeria loses about four percent of her Gross Domestic Product growth annually because of poor infrastructure. This amounts to $17.1 billion yearly using the 2020 GDP figures. The AfDB President, Dr. Akinwumi Adesina, said this as a panelist at an investors Webinar to showcase the investment opportunities from the Federal Government’s reform and privatization. Nigeria’s infrastructure deficit he lamented “is one of the main constraints to industrial development and national competitiveness. Estimates indicate that Nigeria’s infrastructure constraints cost the country around four percent of its yearly Gross Domestic Product growth”. Given the huge amounts needed to bridge the country’s infrastructure gap, which is about $100billion annua...
Coronavirus: World Bank support strengthens clinical management of COVID-19 in Ghana

Coronavirus: World Bank support strengthens clinical management of COVID-19 in Ghana

Economy, Health
Ghana embarked on intense actions to contain the coronavirus outbreak since the first two cases were confirmed on 12 March 2020. Public health measures such as mandatory wearing of facemasks in public places, social distancing, and hand hygiene were instituted to curtail the spread of the virus. For optimal care of those infected with coronavirus, various guidelines were adapted and isolation/treatment facilities were quickly identified and equipped to receive and manage suspected and confirmed cases. However, as the pandemic raged on, it became evident that more needed to be done to adequately equip treatment facilities especially those managing severe to critical Covid-19 patients to improve clinical outcomes and reduce case fatality rates. Careful screening, triaging, diagnosis, ...