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Covid-19 Grant: African Development Fund approves $9million for East Africa

Advertisements To strengthen responses to the Covid-19 pandemic, the Board of Directors of the African Development Fund have approved grants totalling $9.52million. The grants will help combat the coronavirus in East Africa, Horn of Africa, and in the Comoros. The grant is part of the $10billion Covid-19 Rapid Response Facility approved by the Board of […]

How Flutterwave is helping small African Businesses Amid Covid-19 Pandemic

Advertisements US-Nigerian fintech company Flutterwave has created an e-commerce platform to help African companies during the Covid-19 pandemic. Flutterwave is the latest start-up to see opportunities in the restrictions imposed as a result of the coronavirus. Flutterwave CEO Olugbenga Agboola witnessed how the temporary lockdowns across the continent were disrupting businesses it worked with. He […]

Shell Assets Value Drops by up to $22bn

Advertisements One of the largest oil companies in the world Shell, has warned that the low price of oil could reduce the value of its assets by up to $22bn (£17.9bn). It said it expects oil to change hands at $60 per barrel in the long term. It also expects it to be priced at […]

Starting a virtual assistant business

Advertisements A virtual assistant is a person that manages administrative tasks remotely which means working completely online. Hence the ‘virtual’.  Virtual assistant firms aim to lower overhead costs for companies since remote workers are usually hired at a reduced expense. They can also work flexible hours. Starting a virtual assistant company involves many of the […]

Africa-wide trade deal to Proceed despite Coronavirus Threat

Advertisements According to top official, the Africa-wide free-trade agreement is unlikely to face any further delays even if a second wave of coronavirus infections hits the region. In an interview at the Bloomberg Invest Global virtual conference on Tuesday, Wamkele Mene said: “If the pandemic continues into 2021, we will develop the necessary public-health protocols […]

Dangote to Open Clinker Export Facilities in Lagos, Port Harcourt

Advertisements The management of Dangote Cement has concluded plans to open export facilities in both Lagos and Port Harcourt. This would enable it to export clinker to some neighbouring African countries and attract foreign currency for the country. 27,800 metric tonnes of clinker has already been exported from its Lagos terminals to Senegal last week. […]