Economic crisis: IMF gives tough prescriptions for Nigeria, other sub-Saharan Africa nations
The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to implement as governments…
In 40 years 135 Indian companies have invested $19bn in Nigeria – EnvoyÂ
January 12, 2023 Mr. Shri Balasubramanian, Indian High Commissioner to Nigeria, on Wednesday extolled the volume of trade between Nigeria and India, saying that over 135 Indian companies so far invested…
Facebook, Twitter take action over Trump’s misleading COVID-19 posts
Facebook Inc and Twitter took action on posts from U.S. President Donald Trump on Tuesday for violating their rules against coronavirus misinformation by suggesting that COVID-19 was just like the…
Four dead, 16 missing after failed Mediterranean crossing
Four migrants have died and up to 16 more are missing after trying to cross into Europe from North Africa on a small raft, Spain’s coastguard said on Wednesday. Rescuers…
Sub-Saharan Africa’s economic outlook uncertain as global growth teeters – Reuters poll
Sub-Saharan Africa’s economy will accelerate going into next year but could be derailed as the world moves onto an uncertain path that could bring an end to the recent synchronized…
Ships passed us by, says sole survivor of migrant tragedy
The only survivor of a disastrous attempt by 15 migrants to reach Europe by sea from Libya said ships passed them by and ignored their pleas to be rescued. “They…
Facebook paid contractors to transcribe users’ audio clips- Bloomberg
Facebook Inc has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter. The company confirmed that…
Facebook’s flood of new languages leaves it struggling to monitor content
Facebook Inc’s struggles with hate speech and other types of problematic content are being hampered by the company’s inability to keep up with a flood of new languages as mobile…
Dangote Targets Foreign Markets to Step Up Exports of Petroleum Products, Cement, Others
Africa’s richest man, Aliko Dangote, said on Monday that he will step up exports of cement and other commodities from Nigeria from this year as he focuses on…
Nigeria Will Grow 2.5 per cent This Year Despite Tighter Global Conditions-Reuters poll
Sub-Saharan economies will cope with tighter global liquidity this year and grow faster than in 2018, albeit at a lackluster rate compared to the commodity price boom…