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    Covid-19 Archives - Ecosystem Holdings

    Africa’s COVID-19 death rate surpasses global level

    Africa’s COVID-19 case fatality rate has now surpassed the global level, the head of Africa’s Center for Disease Control announced on Thursday. Since the pandemic began, the continent’s case fatality rate has remained below the global average, Africa CDC head John Nkengasong told reporters. “The case fatality rate is beginning to be very worrying and […]

    Nigeria asks African Union for 10 million COVID-19 vaccine doses

    Africa’s largest economy has written a formal request to the African Union (AU) calling for the body to grant it 10 million COVID-19 vaccine doses to supplement the COVAX programme and has allocated $26 million for licensed vaccine production, the country’s health minister announced on Monday. Nigeria is grappling with a second wave of novel […]

    Chevron Nigeria to lay off 25% of its workforce

    Chevron’s Nigerian subsidiary has announced that it will slash its local workforce by 25% in order to offset costs and minimize losses. The oil firm has been operating a joint venture with Nigeria’s state-owned Nigerian National Petroleum Company (NNPC) for decades, but this year has been the toughest financially owing to the weak demand for […]

    Preserving Economic Progress in the Face of COVID-19

    South Sudan, set to capitalize on renewed peace, has pegged 2020 as a year of stability and economic growth, underpinned by the country’s revived oil and gas sector Amid COVID-19, South Sudan shows the world it is open for business and committed to economic prosperity and inclusive growth; South Sudan hosted a webinar organized by […]

    African Development Fund approves $31.6 million loan for COVID-19 response

    The objective of the operation is to support Uganda’s efforts to contain the human cost of COVID-19, mitigate its social and economic impact, and support economic recovery The Board of Directors of the African Development Fund today approved a $31.6 million COVID-19 Crisis Response Support Program (CRSP) to Uganda to support the government’s response to […]

    Caverton snatches $21m helicopter charter revenue in lockdown

    Caverton Offshore Group, a helicopter company which service mostly Nigeria’s oil exploration activities in the country’s Nigeria Delta region, posted a revenue of $21.2m for the second quarter of 2020. This revenue comes despite the lockdown in the aviation sector which saw many domestic airlines sustaining huge financial losses. But due to the fact that […]

    Embattled AfDB President, Adesina declared innocent

    An investigative panel looking into allegations of ethical infractions against the President of the African Development Bank, Akinwunmi Adesina has declared him innocent. An ethics committee report following an earlier investigation had exonerated him of all 16 allegations levelled against him, an outcome the US which is the second largest shareholder of the bank rejected. […]

    LAUNCH: THE STATE OF AFRICA 2020 CONFERENCE

    Mansa Media in partnership with Afrochampions Initiative and ADS Group Launch “The State of Africa 2020”, a virtual conference of rich debates about the future of Africa post-COVID-19. Mansa media, the leading source for African business news, in partnership with Afrochampions, the pan-African business leadership network focused on regional integration and economic emancipation, and Africa […]

    Passengers to bear brunt of COVID-19 impact on aviation industry

    The impact of the COVID-19 pandemic on the aviation industry globally has been enormous, with job cuts, bankruptcy and revenue losses hanging over each operator in the aviation value chain like a malevolent spectre. In Nigeria, the impact has been equally hard-hitting. The Africa Regional Director of the International Air Transport Association, Funke Adeyemi, said the […]

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