The Global Fund to Fight AIDS, Tuberculosis and Malaria has procured for the first time, a first-line HIV treatment manufactured in Africa. The life-saving antiretroviral drugs were produced by a Kenyan pharmaceutical company and recently delivered to Mozambique. Ms. Hui Yang, Head of Supply Operations at the Global Fund, made this known in a statement…
The International Monetary Fund (IMF) has projected that global growth will decline to 2.8 per cent in 2025, as significant policy shifts continue to unfold across the world. This projection is contained in the IMF’s latest World Economic Outlook (WEO) Update for April 2025, titled “A Critical Juncture Amid Policy Shifts”, released on Tuesday. According…
The International Monetary Fund (IMF) on Tuesday lowered its global economic growth forecast for 2025 to 2.8 per cent. Predicting the wave of tariffs and uncertainty unleashed by U.S. President Donald Trump will lead to a worldwide economic slowdown. The IMF revised its projection of 3.3 per cent forecast in January. Global growth for 2026…
Mr Adegboyega Oyetola, the Federal Minister of Marine and Blue Economy, has emphasised that Africa’s contributions are crucial in shaping global shipping policies, with 90 per cent of the continent’s trade being seaborne. Oyetola said this on Tuesday in Abuja during the African Strategic Summit on Shipping Decarbonisation. The two-day summit, hosted by the Ministry…
Nigeria’s fastest growing non-interest banking services provider, TAJBank Limited, has consolidated its frontline position by winning an award at the just concluded Islamic Finance News (IFN) Awards in Dubai. According to a statement by its Managing Director, Hamid Joda, the bank won the “Best Islamic Bank in Nigeria” award through a global survey conducted by…
The African Table Tennis Federation (ITTF Africa) says it has strengthened partnership with the Stag Global equipment manufacturers by signing a two-year equipment sponsorship agreement. The agreement will enable Stag Global to supply equipment for major table tennis events across Africa to them. This is contained in a statement signed by Stag Global Directors Pooja…
Amb Gabriel Aduda, Permanent Secretary, Ministry of Defence, says, recent study tour of Singapore’s Civil Service by selected permanent secretaries and state Heads of Service, aligns it with global standards. Aduda also said that the tour was a significant move to reform the Nigerian Civil Service. This is contained in a statement by the Director,…
UN agencies, on Tuesday, reacted to President Trump’s executive orders ending U.S. membership of the World Health Organisation (WHO) and its adherence to the Paris Climate Agreement. The UN agencies, however, highlighted the massive potential negative impact of the decision on public health and efforts to curb global warming. “The WHO regrets the announcement that…
European Commission President Ursula von der Leyen said on Tuesday that “it is in no one’s interest to break the bonds of the global economy in a new era of fierce geostrategic competition’’. “We will need to work together to avoid a global race to the bottom because it is in no one’s interest to…
The International Energy Agency (IEA) has urged global cooperation to ensure security of supplies amid a tightening global gas market. In its quarterly gas market report released in Paris on Tuesday, the IEA highlighted efforts from the past year to enhance market transparency, data sharing, and cooperation mechanisms for both natural gas and liquefied natural…
