Bradford Lee Smith, Head of Microsoft Corporation, announced on January 7 his company is ready to help Nigeria revive its economy after the Covid-19 pandemic. This was during a virtual meeting with Yemi Osinbajo (pictured).
Developed and approved in June 2020, Nigeria's Economic Recovery Plan is the government's response to the challenges posed by the Covid-19 pandemic in the country. In its report "Rising to the challenge: Nigeria's Covid response" published in December 2020, the World Bank revealed that as a result of the double shock of the Covid-19 outbreak and associated containment measures, as well as the subsequent global oil price shock, economic activity in Nigeria declined by 6% in the second quarter of 2020 and 3.1% in the third quarter, with a cumulative contraction of 2.5% in the first three quarters of 2020.
By participating in Nigeria's economic recovery plan, Microsoft will have the opportunity to further strengthen its presence in the country where it has already invested through a digital development center. This new investment will boost competition with Google, Facebook, and Huawei.
According to Bradford Lee Smith, although the terms of the cooperation between Microsoft and Nigeria are yet to be defined, the vision of the American company's investment in the country remains oriented towards the creation of the most viable technology ecosystem in Africa; An ecosystem that will help make Nigeria's technology sector a source of wealth and employment for the youth.
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Ivory Coast expects a new government after the prime minister and cabinet resigned following Decem...
African startups raised about $3.1 billion in 2025, up from $2.2 billion in 2024, accord...
Investment targets Blanket mine, Bilboes development, and Motapa exploration. Bilboes construction accounts for $132 million of planned...
A new training phase for oil and gas officials runs from January to March. Hydrocarbons accounted for about 40% of GDP and nearly half of fiscal...
Senegal has removed a 4% tax on peanut exports for the 2025/2026 season. Authorities aim to export 300,000 to 450,000 tons after sharp declines in...
UN forecasts Africa growth at 4% in 2026 and 4.1% in 2027 after 3.9% in 2025. East Africa to lead growth, while Central and Southern Africa lag...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...