Tuesday, August 11, 2020

Tag "Sub-Saharan Africa"

    Ugandan healthcare startup wins $25k at TechCrunch Battlefield Africa

Ugandan healthcare startup wins $25k at TechCrunch Battlefield Africa

M-SCAN, a startup from Ugandan, has won the $25,000 grand prize for the TechCrunch Startup Battlefield Africa 2018. The event, supported by Facebook, held in Lagos on Tuesday and featured a contest of top innovators and startups from eight African countries presenting pitches to a panel of judges and investors around the world. The countries represented were Ghana, Kenya, Nigeria, Senegal, South-Africa, [...]

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    IMF: Policy uncertainty restraining Nigeria’s growth

IMF: Policy uncertainty restraining Nigeria’s growth

The International Monetary Fund (IMF) says ongoing policy uncertainty in Nigeria is restraining economic growth. The Bretton Woods institution made this known in its sub-Saharan African economic outlook report released on Monday in Zimbabwe. "The board-based slowdown in sub-Saharan Africa is easing but the underlying situation remains difficult," the report read. "Growth is expected to pick up from 1.4% in 2016 to 2.6% [...]

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    UNICEF: Nearly 1 million children in north-east are displaced

UNICEF: Nearly 1 million children in north-east are displaced

Of the 1.8 million people displaced in crisis-torn northeastern Nigeria, almost 1 million of them are children, UNICEF has said. The organisation said this on Friday in a statement signed by Godfrey Njoku, its media and external relations officer. The organisation said over 535 million children, almost one in four, live within crisis zones, causing them to be most vulnerable and undermine [...]

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    HIV rate declines globally but rises in Africa

HIV rate declines globally but rises in Africa

While the world is winning the war against the AIDS epidemic, the United Nation says the cases of number of new HIV infections is not declining among adults, with young women in sub-Saharan Africa. Michel Sidibé, executive director of UNAIDS and UN under-secretary-general, disclosed this in his message to the 2016 World AIDS Day observed on Thursday. “We know that for girls [...]

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    Sub-Saharan Africa to outgrow Nigeria in 2016

Sub-Saharan Africa to outgrow Nigeria in 2016

Nigeria's economy will be growing at a slower pace in 2016 than sub-Saharan Africa's as a whole, the International Monetary Fund (IMF) said on Tuesday. After an extended period of strong economic growth, sub-Saharan Africa is set to experience its lowest economic growth rate in 15 years – yet the region's growth will outpace Nigeria's. According to its April 2016 regional economic outlook [...]

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    Rice imports gulp $4bn annually from Nigeria’s economy

Rice imports gulp $4bn annually from Nigeria’s economy

Dr Sarah Alade, acting governor of the Central Bank of Nigeria (CBN), has revealed that Nigeria spends an average of $4bn annually on importing rice. Speaking at a conference on ‘Africa Rising’ in Maputo, capital of Mozambique, with the theme, Structural Transformation and Private Sector Development in Sub-Saharan Africa, Alade described agriculture as a key to economic development in Africa. "The continent would be [...]

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