News Agencies Feed

COVID-19 forced businesses reduce wages for over 770,000 workers, caused 42,000 layoffs, study

August 4, 2020

The shock caused by the COVID-19 pandemic has had considerable impacts on Ghanaian businesses, forcing many firms to cut costs by reducing staff hours, cutting wages, and in some cases laying off workers.

This is according to results from a new COVID-19 Business Tracker Survey conducted by the Ghana Statistical Service (GSS), in collaboration"...

Shell’s 20 kilometre gas pipeline connects industrial zones in Abia state

July 15, 2020

Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Araria industrial zones.

The project has also enabled the supply of pipeline gas to Ariaria Market Energy Solutions Limited, the Independent Power Project (IPP) consortium that"...

Safaricom, Samsung extend communication support to frontline health workers in Kenya

August 6, 2020

Over 5,500 frontline healthcare workers in Kenya will continue receiving monthly communication bundles following Safaricom’s move to extend the communication support that was provided for three months from April 2020.

The initiative will see an equivalent of 195 Terabytes of data, 10 million voice call minutes and 33 million"...

African Infrastructure Investment Managers appoints new joint-MDs

August 6, 2020

African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments and Africa’s most experienced infrastructure manager, has appointed two joint-managing directors to be based in Cape Town and Lagos, following the retirement of the company’s previous CEO.

Vuyo Ntoi and Sola Lawson, have been"...

PayU and Feedzai expand risk management partnership across EMEA and LATAM markets

August 6, 2020

PayU, a financial services provider in global growth markets, and Feedzai, a risk management platform, have announced a partnership expansion that will enable PayU to augment its fraud prevention capabilities in Latin America in addition to the EMEA region.

Following the successful implementation of Feedzai’s transaction monitoring"...

EIB, Afreximbank direct €300m of support to African COVID response

August 6, 2020

The European Investment Bank (EIB), the lending arm of the European Union, and the African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, are directing €300m of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic.

The funds"...