February 25, 2021
  • February 25, 2021

Tag Archives

How did we come by the name ‘Africa’?

by on January 30, 2021 0
How did we come by the name of the continent ‘Africa’? Theories abound in this regard. According to the first-century common era Jewish historian Flavius Josephus, Africa is named for Epher, that biblical grandson of Abraham mentioned in Genesis 25:4. The medieval Iberian author Isidore of Seville claimed Africa comes from the Latin aprica, or... Read More

World Bank Commits $12 Billion for Vaccinations in Africa

by on January 30, 2021 0
The World Bank has committed $12 billion to African countries to support vaccination programs across a continent that hasn’t been able to keep pace with developed nations’ rollouts. The World Bank money will be in the form of grants or on “highly concessional terms,” said David Malpass, president of the World Bank, in a statement following a Jan.... Read More

Africa Finance Corp plans to lend more than $2 bln in 2021 to support economic recovery

by on January 27, 2021 0
The Africa Finance Corporation (AFC) a development-finance institution focused on infrastructure across the continent, plans to more than double its lending this year to more than $2 billion in a bid to help African countries recover from the coronavirus pandemic. The organization, which on Wednesday announced its first direct-borrowing arrangement with the OPEC Fund... Read More

Nigeria’s Access Bank seeks expansion to eight more African countries

by on January 19, 2021 0
Nigeria’s Access Bank has identified eight African countries for a potential expansion as it seeks to benefit from a continental-wide free trade pact that took off on January 1, 2021. Access Bank plans “to expand to high-potential markets, leveraging the benefits of the African Continental Free Trade Area,” Chief Executive Officer Herbert Wigwe said... Read More

About 135 shipping crew kidnapped off Africa’s Gulf of Guinea in 2020 as piracy thrives off Nigeria’s territorial waters

by on January 19, 2021 0
You don’t need a peg-leg, eye patch, or parrot on your shoulder to be a modern-day pirate, but guns and high-speed boats are useful. Last year pirates hijacked three vessels, fired on 11, and boarded 161, according to a report this month by the International Maritime Bureau’s Piracy Reporting Center. Maersk, the world’s biggest shipping company, is... Read More

GSK, Novartis launch $3.6 mln funding to support research into genetic diversity and malaria treatment in Africa

by on January 19, 2021 0
Drugmakers GSK and Novartis on Tuesday launched a $3.6 million fund to support high-quality scientific research investigating the link between genetic diversity across different regions in Africa and its potential impact on response to drug therapeutics.The Project Africa Genomic Research Approach for Diversity and Optimising Therapeutics (GRADIENT), with a combined funding commitment of $3.6 million over five years,... Read More