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What Is The Rave About The Valneva COVID-19 Vaccine?
French pharmaceutical company Valneva has recently joined the vaccine manufacturing ring with its vaccine they claim is different from the rest in the market. The Valneva vaccine, also known as VLA2001 is built to stimulate an immune response to the entire virus as opposed to targetting just the spike protein of the coronavirus, like its…
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Armed Rebels Kill Over 12 People In Northern DRC
At least a dozen people have died after armed rebels attack displaced civilians in the northeastern Ituri province of the Democratic Republic of Congo, according to a military spokesperson. Jules Ngongo, a spokesperson for Ituri’s military government, told the Reuters news agency that suspected fighters from the Cooperative for the Development of the Congo (CODECO)…
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Central, West Africa Rank Highest In Child Soldier Recruitment
Central and West Africa regions have the highest number of child soldiers in the world, as well as the most underage victims of sexual violence, according to a report by the United Nations Children’s Fund (UNICEF). Several countries in the Sahel– a semi-arid region that stretches from northern Senegal through parts of Mauritania, Mali, Burkina…
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Libya Partners With Total Energies To Build Solar Plants
Libya has initiated plans to construct a solar plant with the help of French multinational company Total Energies. Libya’s Minister for Oil and Gas, Mohamed Oun, announced the launch of the Libya Energy and Economy Summit in Tripoli. “We seek to encourage the investment of oil wealth, its good exploitation and development, and the increase…
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Pfizer Produces First COVID-19 Antiviral Drug
Pharmaceutical giant, Pfizer has produced the first COVID-19 antiviral drug, reported to cut the risk of hospitalization or death from COVID by 89%, according to data from clinical trials. Pfizer’s pill known as Paxlovid would be taken orally to fight severe symptoms of the virus. The drug would be administered intravenously by a health care professional…
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Nigeria Records Growth in Cargo Movement
According to statistics from the Federal Airports Authority of Nigeria (FAAN) on passenger, cargo and aircraft movement, in the first six months of 2021, Nigeria recorded a total of 126, 541, 949 kg of air cargo. This is made up of 112, 949, 463. 51 kg of imports and 13, 592, 486.12 kg of exports.…
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Investment Announcements Rise By 130% in Q3 ‘21
The Nigerian Investment Promotion Commission has said it has tracked $8.99 billion investment announcements in the third quarter of 2021 (Q3 ’21). Lagos State, with $7.29 billion, accounted for 81 percent of the total announcements during the period. NIPC said the investment announcements in Q3’21 was 130 percent higher than the $3.95 billion recorded in…
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Inflation Rate Falls To 15.99 In October 2021
The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate fell to 15.99 in October from the highest record of 18.17 in March 2021. The report said the Consumer Price Index (CPI), which measures inflation, saw an increase of 1.76 percent when compared to the record in October 2020 (14.23 percent). However it…
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FINTECH Rising To Become Africa’s Investment Magnet
Digest Africa reports that African fintech firms raised $906 million in the third quarter of 2021 alone, an amount that represents more than 60 percent of all venture money that flowed into Africa’s last quarter, and more than all other sectors combined in the first half of 2021. A separate analysis by BFA Global’s Catalyst…
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Nigeria Signs Development Assistance Deal With America
US Secretary of State Antony Blinken on Thursday signed the $2.1 billion Development Objectives Assistance Agreement (DOAG) with Africa’s most populous country. The agreement amongst others was signed at a meeting in the presidential villa with hopes of broadening ties as persistent unrest and human rights concerns prompt calls to revamp the US relationship with Nigeria.…