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covid 19 Archives - Inside Business Africa
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Tag: covid 19

Countries are scrambling to stop a new covid variant

Countries are scrambling to stop a new covid variant

Economy
How big a threat is Omicron? IF THERE is one lesson the covid-19 pandemic has taught the world, it is that acting early pays off. Wait a week for better data on which to base a decision and you can find yourself down a path of no return, with cases rising steeply. So when news emerged on November 25th in South Africa of a worrying new variant of the SARS-CoV-2 virus, many countries in Europe and elsewhere banned travel from countries in southern Africa within a day. On November 26th the World Health Organisation named the variant Omicron, a Greek-alphabet designation which, as a rule, it reserves only for “variants of concern”. The concerns with Omicron are indeed many. The biggest is that it may have the ability to spread more easily than Delta, the variant that ...
Strengthening Africa’s pharmaceutical industry: learning the lessons from COVID-19

Strengthening Africa’s pharmaceutical industry: learning the lessons from COVID-19

Business, Economy, Health
The COVID-19 pandemic has highlighted Africa´s vulnerability due to its reliance on imports for most vaccines, medicines and other health product needs. The United Nations Economic Commission for Africa (UNECA) estimates that Africa imports about 94% of its pharmaceutical and medicinal needs from outside the continent at an annual cost of US$16bn. High-level representatives of governments, development finance institutions and UN agencies, together with representatives of the private sector, non-governmental organizations and academia, met virtually today on the margins of the 76th UN General Assembly to explore innovative solutions to the systemic barriers hindering development of the continent´s health industries and to discuss ways to strengthen Africa's pharmaceutical industry. ...
Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say

Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say

Business, Growth & Insight, Health
The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership (https://bit.ly/3rgmnDG) affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar, India External Affairs Minister said the two sides must reinforce collaboration in public health, digital delivery, capacity building, and the green economy - “our goals must be to use these new tools and practices for better delivery on the ground.” “India has always maintained that progress in the world is contingent on the development of the global south, nowhere is that more evident than in Africa, and that is ...
Coronavirus: World Bank support strengthens clinical management of COVID-19 in Ghana

Coronavirus: World Bank support strengthens clinical management of COVID-19 in Ghana

Economy, Health
Ghana embarked on intense actions to contain the coronavirus outbreak since the first two cases were confirmed on 12 March 2020. Public health measures such as mandatory wearing of facemasks in public places, social distancing, and hand hygiene were instituted to curtail the spread of the virus. For optimal care of those infected with coronavirus, various guidelines were adapted and isolation/treatment facilities were quickly identified and equipped to receive and manage suspected and confirmed cases. However, as the pandemic raged on, it became evident that more needed to be done to adequately equip treatment facilities especially those managing severe to critical Covid-19 patients to improve clinical outcomes and reduce case fatality rates. Careful screening, triaging, diagnosis, ...
Lagos Ranks 139 out of 140 most liveable city in the world, worst in Africa.

Lagos Ranks 139 out of 140 most liveable city in the world, worst in Africa.

Economy
Lagos State has been ranked 139 out of 140 in the list of most liveable cities in the world in the first quarter of 2021. This makes Lagos the second-worst city to live in the world today. According to the data, Lagos is only next to Damascus, Syria as the worst city to live in the world, and worse than Algiers (Algeria) and Tripoli (Libya). The data is compiled by the Economist Intelligence Unit (The EIU), the research and analysis division of The Economist Group, the sister company to The Economist newspaper. The data is based on a survey collected between February 22nd to March 21st, 2021, and looked at issues such as border closures, ability to handle health crisis, and roll out of vaccinations. To rank the cities, the report focuses on five broad categories: stabilit...
Over 20 countries lift travel restriction on vaccine passport holders

Over 20 countries lift travel restriction on vaccine passport holders

Travel
More than 20 countries have wholly or partially lifted travel restrictions for vaccine passport holders ahead of the summer travels. International carriers have applauded the growing number of countries making data and “evidence-driven” decisions to open their borders to vaccinated travellers, urging more countries to fall in line. Among the countries that now accept vaccinated travellers are: British Virgin Islands, Croatia, Ecuador, Georgia, Greece, Island, Israel, Seychelles, and lately, Germany. Varying local conditions, however, apply. The vaccine passport – in the form of certificates or digital cards testifying to the low-risk status of their holders – promises to reopen the world and perhaps return lives to normal. But its subtle compulsory vaccination for all air travel...
For once, rising oil prices mean falling knives

For once, rising oil prices mean falling knives

Economy
The uptick in oil prices is indicative of a recuperating economy, after an ‘interregnum’ triggered by COVID-19. But for Nigeria, the positive outlook is a reminder of the historic falling knives that is associated with crude and everything it represents in the domestic economy.x If oil prices are bullish, as they currently are, the government earns more money and can fulfil its financial obligations. When it earns less, as it did last year when crude bottomed out as it were, its financial capacity shrinks, sending the economy, which is reasonably dependent on government spending, to tailspin. But the dynamics of oil is much deeper. Nigeria exports crude but imports all the byproducts of the vital resource, including the most touchy premium motor spirit (PMS). With Nigeria’s r...
Salient points of the PIB Briefing

Salient points of the PIB Briefing

News
Presently, of the total cases, 81.77% cases have recovered, 17.1% areactive and cumulative fatality is 1.1%. Even if we consider the last 2-3months the death rate is well below the 1% mark.  An analysis of daily cases and death shows certain positivedevelopments. The number of cases has been decreasing for twodays continuously from over 4 lakhs to 3.68L. This trajectory isvisible in deaths as well. However these are very early signs andcontinuous monitoring is ongoing  There are some causes of concern which would require extra effort. Thereare 12 states which have more than 1lkh active cases and 7 states haveactive cases from 1L to 50K. Sample case positivity of states: 22 states have a higher positivity rate than15%, 9 stats with 5 – 15% and 5 states less than 5%.  Early signs of pla...
Coronavirus – African countries face high risk of COVID-19 resurgence

Coronavirus – African countries face high risk of COVID-19 resurgence

Health
The risk of COVID-19 resurgence remains high in several African countries due to poor adherence to public health measures, mass gatherings, low testing and vaccination rates, an analysis by the World Health Organization (WHO) has shown. Three countries face very high risk of COVID-19 resurgence, 20 face high, 22 moderate risk, and only one country faces low risk, according to the risk assessment of 46 countries. The risk was estimated using seven indicators with data from the past four weeks, including COVID-19 cases per million people; the percentage of change in new cases; the percentage of change in new deaths; the reproductive number (the rate at which an infection spreads); the pandemic trend; the average weekly number of tests per 10 000 people; and the percentage of the populati...
Flight movement rebounds despite low patronage

Flight movement rebounds despite low patronage

Aviation
More commercial flights have taken to the airspace lately, recording the highest toll since the outbreak of the coronavirus pandemic. Though passenger patronage is still at its post-pandemic low, global flight radar recently tracked an average of 77, 708 flights per week – the highest in the last year. According to global flight tracking service, Flightradar24, the seven-day rolling average of the number of flights hit the highest flights in both passenger and freight, a number which exceeded the previous peak during the Christmas holidays since COVID-19 started spreading. Higher numbers of flights in the major markets—the United States and China—were behind the increase, according to the report. The rising number of air movements could help global aviation fuel demand, wh...