Browsing: COVID-19

A few African countries have also imposed similar restrictions on entry into their territories. The southern African countries include Lesotho, Botswana, Zimbabwe, Mozambique, Namibia and Eswatini.
Russia and South Africa, which later joined in 2011, are both members of the BRICS, and since the outbreak of the coronavirus in December 2020, have discussed some aspects as well as the prospects for collaborative work in fighting the disease.
Russia and South Africa previously proposed localizing production of Russian vaccines, but the key setback was that the vaccines were yet to be approved by the World Health Organization. As a result, there were neither concrete practical results nor effective collaboration between the two countries.

Africa’s death rates from COVID-19 infections are significantly higher in patients with diabetes The disease causes inflammation and poor blood…

The Foundation has announced a commitment of up to $120 million to accelerate access to the investigational antiviral drug molnupiravir …

The region had drawn a number of important lessons from the pandemic especially in relation to the economic sectors that…

Interesting market developments encircled WPP ScanGroup in this review period. The counter’s share price has been on a rally albeit a sharp decline in its bottom line (-1,191.1% y/y) in the just-released FY20 results.

The uptick – that comes after a sequential diminution – is on the back of the exoneration of the suspended senior management that boosted investor confidence given the fact that there was no adverse effect on the counter’s financial performance, position and/or operations linked to the aforementioned. We opine that the rally will continue in the near term to 2Q21 levels as investors accumulate on the earlier exited positions.

The focus over this period, undoubtedly, is on a number of listed corporates reporting their earnings. Taking a step back, Centum, BAT Kenya and…

Kenya Airways has reduced its half-year loss by 19.6 per cent to Sh11.5 billion, from Sh14.4 billion posted during a…

The next step in harmonizing policies and operating modules, is the need centralizing the related revenue administration and collection, because; “When we harmonize our tax administration we shall not compete with each other as EAC member states,” the sector experts reasoned.

There is also the matter of Visa fees which gravely affect the ability of traders to move between countries. It is now expected that the Republics of South Sudan, Uganda, and Kenya will expedite the removal of visa fees while the rest of the EAC partner states still need to remove what was described as ‘discriminatory fees, levies, and charges’ that hinder trade and persons movement across borders.

Kenya received a further 180,000 doses of AstraZeneca vaccine on Friday, even as the number of those who have been…

Other world markets followed suit documenting record lows across the board. On the Johannesburg Stock Exchange (JSE), Business Day reported that the worst losses around the same period were approximately ZAR3.3 trillion which was at that time around two-thirds of South Africa’s GDP.

“SA’s main stock index plunged almost 10% on Thursday (12th March 2020), the biggest drop since October 1997 when global markets were in the midst of the Asian financial crisis.”