Africa Link Magazine
Voice of Africa in Diaspora
(WorldStage Newsonline) – The total value of capital importation into Nigeria stood at $5.8 billion in the first quarter (Q1) of 2020, a 31.19 decrease compared to the first quarter of 2019 and an increase of 53.97 per cent compared to Q4 2019, according to “Capital Importation” report released on Tuesday by the National Bureau of Statistics (NBS).
(Ecofin Agency) - Airtel Nigeria weighted the most in the revenues of Airtel Africa over the financial year 2019 ending March 31, 2020. The Nigerian arm alone generated $1.4 billion, up 5% compared with the previous year and making 40% of the total Group’s revenues over the period.
(Ecofin Agency) - The South African branch of the Vodacom group has become a standalone company with a new Managing Director in the person of Balesh Sharma.
(Ecofin Agency) - Moroccan startups with less than 18 months of activity and those with more than 3 years of recurring sales will benefit from a total of MAD350 million ($35.6 million) from development banks, banking groups, and insurance companies.
(Ecofin Agency) - The government of Rwanda announced on May 21 the disbursement of $152 million to support the national airline -Rwandair- in this pandemic.
(Ecofin Agency) - On May 5, 2020, Cable.co.uk unveiled its highly criticized “Worldwide mobile data pricing: The cost of 1GB of mobile data in 228 countries” study ranking countries on the cost of 1GB.
(Ecofin Agency) - The World Bank approved this week $500 million in low-interest loans and grants to battle locust swarms in Africa and the Middle East.
Initiative builds on current efforts to disseminate health messages through the joint WHO-ITU BeHe@lthy BeMobile initiative
SWITZERLAND: The World Health Organization (WHO), the International Telecommunication Union (ITU), with support from the United Nations Children's Fund (UNICEF), are set to work with telecommunication companies to text people directly on their mobile phones with vital health messaging to help protect them from COVID-19. These text messages will reach billions of people that aren’t able to connect to the internet for information.