Coronavirus Lockdown

How Telecoms Can Rebuild Nigeria in the Wake of COVID-19 How Telecoms Can Rebuild Nigeria in the Wake of COVID-19
Politics

How Telecoms Can Rebuild Nigeria in the Wake of COVID-19

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Sourced from the Guardian Nigeria. The COVID-19 worldwide pandemic has had and could continue to have long-lasting devastating effects on all social and economic sectors. For Nigeria, the pandemic can be seen as an eye-opener and a rude awakening to a new normal-knowledge economy. Apart from certain ingenious initiatives in Lagos and a few other states, Nigeria’s overall response to the pandemic has been less than satisfactory, writes The Guardian Nigeria. New, upcoming phases of recovery and thriving will be defining for the country. Now, in this crisis, it has become clear that telecommunications are playing a large role in retaining any semblance of normalcy in the country. In the recovery stage, telecoms could continue to help manage the transition out of COVID-19 related stagnation as...

How Technology Can Help Youth Unemployment in Nigeria How Technology Can Help Youth Unemployment in Nigeria
Politics

How Technology Can Help Youth Unemployment in Nigeria

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Sourced from Entrepreneur Platform. In the second quarter of 2018, youth unemployment peaked at 38% in Nigeria. Although there are no recent statistics, experts in the labour sector say the figure has surged year-on-year. Now with the worldwide reaching effects of the COVID-19 pandemic, the situation has become direr as various sectors of the economy and industries stand greatly threatened including the financial and technology industry in Nigeria. Recently, companies like Andela, a software engineering talent company, laid off 135 of its staff across four locations in Africa including Nigeria. The Vanguard Nigeria reports that some financial institutions and commercial banks have had to also take measures like salary cuts to thwart mass layoffs. Another financial institution, Ren Money, r...

Politics

Coronavirus Could Cost Global Economy $8.8 Trillion

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Sourced from Finance Monthly. The coronavirus pandemic could cost the global economy between $5.8-trillion and $8.8-trillion, according to the Asian Development Bank (ADB). The BBC reports that this is more than double last month’s prediction and equates to 6.4%-9.7% of the world’s economic output. This comes as measures to slow the spread of COVID-19 continue to paralyse economic activity around the world. Globally, authorities have taken aggressive action to cushion their economies from the outbreak’s impact. /* custom css */ .tdi_3_160.td-a-rec-img{ text-align: left; }.tdi_3_160.td-a-rec-img img{ margin: 0 auto 0 0; } “This new analysis presents a broad picture of the very significant potential economic impact of Covid-19,” the ADB’s chief economist Yasuyuki Sawada says. “It also highli...

Politics

COVID-19: TransUnion Provides Key Info to Kenya’s Financial Services Providers

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Global information and insights company TransUnion says Kenya’s financial services providers and consumer credit market will have to drive a robust, proactive response to the COVID-19 crisis if they are to manage the risks to the industry, with the pandemic expected to have a major impact on the country’s economy and the consumer landscape. Past crises and initial data suggest there will be ‘a significant reduction’ in the quality and volume of credit in Kenya as consumers and businesses grapple with lower income. What will define the COVID-19 pandemic for the consumer credit market is how banks and lenders respond to the challenges it presents, says Billy Owino, CEO of TransUnion Kenya. To help the consumer credit market respond to the crisis, TransUnion this morning launched its COVID-19...

Politics

3 Key Trends for the FMCG Sector Post-Pandemic

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Sourced from Footstuffs SA. It’s clear that the Coronavirus has changed the landscape for FMCGs (Fast-moving consumer goods) – in some ways permanently. However, despite its similarities, the impact has not been the same across its subsectors and through the supply chain. Itumeleng Merafe, Head of Interest Rate Structuring at Investec says that “the lockdown has hit the economy hard and despite efforts by the government and Reserve Bank to mitigate the effects, ultimately only a medical solution is likely to provide lasting relief to consumers and businesses servicing those consumers.” The market for fast-moving consumer goods faces considerable changes – impacted by the demand for consumer-packaged goods, changes in household spending, increase in e-commerce and frequency of shop visits. ...

Politics

How COVID-19 Misinformation Continues to Go Viral

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Sourced from Speechling. Despite pledges from massive social media companies to remove dangerous instances of coronavirus misinformation – from false causes to false cures – Silicon Valley and fact-checkers around the world are struggling to stem the flow of fake news about the pandemic. Last week, a video titled “Plandemic” went viral, clocking up millions of views and clicks across Facebook and YouTube before the companies took action. “I’ve not seen a video of this type gain this kind of viral traction so quickly,” Alan Duke, the editor in chief of Lead Stories, a fact-checking group that works with Facebook told CNN. As of last-week Thursday afternoon, a book that features the subject of “Plandemic” has rocketed to number 1 on Amazon’s Best Seller’s List, where it remained over the wee...

Mike Pence spokeswoman tests positive for spokesperson Mike Pence spokeswoman tests positive for spokesperson
Business / Politics

Mike Pence spokeswoman tests positive for spokesperson

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The US vice president’s spokeswoman became the second White House staff this week to test positive for the coronavirus, officials said Friday, even as President Donald Trump continued to go mask-free at a World War II commemoration with veterans in their 90s. News that staffer Katie Miller had fallen ill boosted fears that the White House is at risk of becoming a viral hot spot just when Trump is leading efforts to wind down nationwide quarantine measures that have devastated the world’s biggest economy. Miller is spokeswoman for Vice President Mike Pence, giving her frequent access to high-level meetings. She is also married to top Trump aide Stephen Miller, the speech writer behind the administration’s hardline immigration measures. A senior administration official initially said only th...

Politics

Tokyo Game Show 2020 Cancelled due to COVID-19

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The organisers of the Tokyo Game Show have announced that this year’s event has been cancelled due to the COVID-19 pandemic. TGS 2020 was scheduled to take place from 24 to 27 September at the Makuhari Messe convention centre just outside of Tokyo, Japan. Now, the organisers are planning to host an online event instead. The Verge reports that this is the first-ever time TGS has faced cancellation since the convention began in 1996. Sadly, this news won’t come as a surprise to anyone. Almost every in-person gaming event this year has been struck from the calendar, including E3 and Gamescom, the biggest shows in the US and Europe respectively. TGS 2020 was likely to have gained a great deal of attention this year in comparison to an average year because of its status as the last major trade ...

Doing Business in a Post-Lockdown World Doing Business in a Post-Lockdown World
Business / Politics

Doing Business in a Post-Lockdown World

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Sourced from Business News Daily At the beginning of March, few anticipated the significant impact the COVID-19 pandemic would have on the lives of all South Africans. As the gradual easing of the strict lockdown conditions continues, thoughts turn to how companies will begin their recovery. Ian McAlister, GM of CRS Technologies, looks at what to expect. From Friday 1 May, South Africa transitioned to Level 4 lockdown conditions which will result in several more industries resuming operations, albeit in a limited capacity. And while all the details around operational issues are still to be confirmed, expectations are that at least 1.5 million South Africans will be returning to work. In part, this is designed to get the economy back up and running following several weeks of virtual non-act...

Politics

Global VPN Use Exploded in March

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With millions working from home, the COVID-19 pandemic has seen the global usage of VPN demand swell. Demand for commercial VPNs (Virtual Private Networks) in the US jumped by 41% between 13 March and 23 March according to research from Top10VPN.com, a VPN research and testing company in the U.K. Network World writes that VPNs were already a growing industry before the coronavirus outbreak struck the world and the subsequent shutdown of workplaces. The global VPN market was forecast to grow 12% year-on-year and be worth $70-billion by 2026, according to a Global Market Insights 2020 survey. North America was forecast to remain the leader in VPN usage, with around 30% market share. Top10VPN.com found global VPN demand increased by 41% over the second half of March and remains 22% higher tha...

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