Browsing: Coronavirus

Aga Khan Health Services - The Exchange

With more than 11 million confirmed cases and over 530,000 deaths globally, the COVID-19 pandemic continues to have a devastating impact around the world.  While many countries continue to grapple with the ongoing surge of new cases, the pandemic has offered the opportunity to reflect on the current achievements and challenges of our healthcare systems.

For one, the novel coronavirus has created an unprecedented disruption for healthcare systems, which have had to balance between maintaining ongoing operations, scaling-up infectious disease programmes, supporting healthcare workers, and managing financial stress while supporting their communities. At an institutional level, the pandemic has forced our hospitals, clinics and other health institutions to quickly scale up their clinical, facility and support protocols to provide efficient and meaningful care to those in critical need.

But for health institutions, like Aga Khan Health Services (AKHS), the concept of pandemic response planning is not only built into our …

AFDB

The African Development Bank (AfDB) ‘2020 African Economic Outlook’ report is very optimistic about East Africa’s economic performance, despite the setbacks of Covid-19. The report shows that on average, the region registered growth of 5 percent throughout all of last year.

Once again, it is the small landlocked Rwanda that booked the highest growth rate reporting an impressive 8.7 per cent. However, worth noting is that Rwanda’s annual economic growth did take a hit from the global pandemic and slowed to 3.6% in the first quarter of 2020.

Second runners up was none other than Ethiopia which brought home 7.4 per cent in economic growth last year says the 2020 report. Next in line is Tanzania which garnered a 6.8 per cent growth, much higher than the rest of world by all standards.

The report say, despite the global pandemic and the economic burdens thereof, Tanzania’s growth is expected to …

petra

Trouble laden Petra Diamond is planning to sale 75 per cent stake of its Tanzanian diamond business but the government of Tanzania says, no. Rightfully so, because as a stakeholder, the government had every right to be informed prior to any sell attempt and in this case, it was not.

The company currently owns the Williamson mine in partnership with the government of Tanzania and as a share holder, the government has said it was not consulted prior to the sale plans.

This government response comes just a fortnight after the UK based miner announced the decision to sell.

In its initial announcement, local media quoted the company’s Africa Corporate Communications Manager, Ms Cathy Malins admitting that the company was facing heavy losses and has no choice but to sale.

The Communications Manager attributed the losses to effects of Covid-19 saying there is a dire fall in the global market.…

tourism

Tanzania became the first East African nation to reopen its schools, businesses and ports of entry, charting a new path in the management of the Corona Virus.

As of May 18, Tanzania reopened its airspace for international arrivals and the World is responding.

Only three days after it announced its reopening its airspace, local media reported that a chartered airplane landed at the Kilimanjaro International Airport on May 21. The plane had on board four Greek nationals.

Previously, the tourists would have had to go into a 14-day mandatory quarantine but not anymore. Now anyone entering the country only needs to go through a simple temperature check upon arrival. Other measures include having all arriving flights present an Advance Passenger Information System (APIS) so as to allow the Tanzania’s Immigration Department and Airport Authorities to identify high-risk passengers.

All non-APIS compliant flights will now be required to notify their passengers …

Africa Food Security 2 10665234383

There has not been a more demanding time for Africa to adopt modern agriculture methods than now. In the wake of the Covid-19 pandemic, food security in Africa is threatened at all levels and farming activities have nearly been brought to a standstill.

African farmers lost market as borders closed and flights were grounded to curb the spread of Covid-19. As a result the, pandemic severely affected the agriculture value chains from supply of inputs to transporting the end product.

Africa now finds itself more in need of modern farming methods to increase production in a cost effective manner. However, while attempting to increase production, African farmers must also mitigate the effects of climate change by adopting climate smart agriculture.

There is need to use improved seed varieties even in the backdrop of the side effects of using hybrid seeds. Improved seed varieties are more resistant to disease and poor …

bank

Zimbabwe is on the verge of another economic cramp that is bound to be far worse than what it has been suffering for the last decade.

Already, the nation has been on an indefinite national lock down for the third month running, and now, the pandemic is really taking a dire toll on the economy. Well, it is not the Coronavirus effect that is bound to doom Zimbabwe into an economic crunch (yet again).   Rather, it is the country’s tendency to simply print money whenever it deems fit; if only life were so easy!

Zimbabwe, like all other countries, is looking to cushion its business sector from the coronavirus crunch. However, the way Zimbabwe is looking to fund its proposed US$ 998.34 million (ZW$18 Billion) stimulus package is if anything, questionable, if not downright inadvisable, or to be blunt, shall we just go ahead and call it, rudimentary?

Well, how…

gold

After slow production during the Covid-19 lock down,  Zimbabwe’s gold sector has had a drastic come back reporting gold revenue is up almost 50 percent at least one of its major mines.

The total revenue recorded for the second quarter of 2020 clocked and impressive to USD23. 6 million, that is almost double (48 percent) the revenue brought in during the same period last year.

Having topped last year’s production by USD15. 9 million, Blanket Gold Mine that is based in the Gwanda region, increased production all through the first quarter this despite glitches caused by the Covid-19 pandemic.

The mine is owned by the Caledonia Mining Corporation and was proud to announce it had produced 14,233 ounces of gold in the second quarter up from the 11,948 produced during the same period last year.

The production level is very impressive given the fact that other miners could not access …

The job market is ever dynamic; continuously changing as a result of socio-economic and technological development. In recent months however, the changes experienced are neither as a result of economic nor technological advancement, but rather, the health crisis that has altered the daily lives of people around the world.  

One of the major effects of COVID-19 on the labour market is the loss of jobs for hundreds of millions of people. In big economies, workers are benefiting from unemployment claims, but the same cannot be seen in developing countries in Africa where governments are grappling with means to mitigate the effects of the current pandemic.  

Predictions from the UN’s International Labour Organization (ILO) show that up to “1.6 billion workers in the informal economy – that is nearly half of the global workforce – stand in immediate danger of having their livelihoods destroyed.” 

According to the ILO Monitor

As countries across the globe start to lift lock-downs and relax restrictions, there is the natural human impulse to do something to celebrate freedom, survival, hope and a future. Be careful!! As wealth managers many of our clients have asked us how best they can stay safe financially as the world threatens to return to a new normal….. 

Firstly, my own opinion is that medically things are going to get a whole lot worse before they get better. Government management of the pandemic has been very, very poor nearly everywhere and I expect a large second wave of infections in UK, US and across much of Europe. In Uganda we are only now seeing the first spike and there may be more restrictions ahead. We are certainly NOT home and dry in terms of the pandemic itself.

Also Read: Coronavirus update: E. Africa postpones Heads of State meeting  

What

Digital Medicine in Africa - The Exchange

President Obama’s chief of staff, Rahm Emanuel once said “you never want a serious crisis to go to waste. It provides the opportunity to do things that were not possible to do before”.[1] When the COVID-19 crisis hit the global north the fear was that it would be most devastating in Africa with Bill Gates predicting that ten million lives would be wiped out by the virus.[2] But he was wrong because African leaders did what was not possible before – they locked down their countries and instituted adherence to the protocols of social distancing and washing of hands. These preventive measures and the sudden change of behavior slowed down the virus’s serious impact in Africa. According to Harvard Health preventing the spread of the virus is rooted in behavioral change.[3] Starting up new behavior in the new normal was what the US and Europe could not …