Monthly Archives: November 2020

Afreximbank launches $1.5bn facility for post COVID-19 recovery in Africa

The African Export-Import Bank (Afreximbank) has launched a 1.5 billion-dollar collaborative COVID-19 Pandemic Response Facility (COPREFA) to support African economies with rapid financial assistance to reduce the impact of COVID-19. The collaborators are the pan-African multilateral EXIM bank, International Islamic Trade Finance Corporation (ITFC), the Trade Finance Arm of the …

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FG rakes in ₦424.71b from VAT in Q3, 2020

The Federal Government said it earned a total sum of N424.71 billion from Value Added Tax (VAT) in the third quarter of the year (Q3 2020) higher than the N327.20 billion recorded in Q2 as well as the N275.12 billion recorded in Q3 2019. According to the sectoral distribution of …

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Jumia opens logistics service to third parties

Third party businesses can now use the unique logistics network of Africa’s leading ecommerce platform to reach more customers Lagos, Nigeria; November 2nd, 2020: Jumia has announced that its logistics service is now available for use by third parties. Until today, Jumia’s logistics services were reserved for ecommerce and food …

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