April | May | June 2020
Volume 13
Issue 2
Africa's Response to the Pandemic
Š
PORTRAIT OF The Times of Africa
PUBLISHER’S MESSAGE The COVID 19 situation is settling up with acceptance by the people, who started living their lives with this critical situation by turning the negatives into positives. I appreciate the efforts of all the communities in Africa across the 54 countries and my motherland India in the manner they are handling the situation well accordingly to their respective capabilities and limitations. Three megatrends are already emerging that will form the economic future of Africa as well: the three “Ds” of the new world- De-globalisation, Debt, Digitalisation and the fiscal sustainability of countries. The Government and private sectors along with an influx of contradictory facts and opinions on how to do so, must face hard choices about how to effectively handle their activities in meeting these challenges. But views don’t matter at a time like this. Now is the time of the reliable, timely and actionable data and observations for decision-makers to distinguish reality from fiction and subjectivity from the objective. The implications of the global COVID-19 pandemic have led us to live in unimaginable times. While the need has never been greater than today for reliable and prompt news, we make the move towards our web news and digital publication. The positive takeaway from the pandemic with regards to Africa in my view would be: 1. The capacity and ability to have dealt with such a situation with a positive attitude in uplifting the community and population. 2. COVID-19 pushes African continent to invest in their healthcare and its infrastructure. 3. A shortage of vital medical supplies led to a debate on Africa’s required industrialisation and digitalisation of the pharmaceutical and healthcare industry. We wish our readers to stay safe and healthy, along with trustworthy local and regional news up to the minute. I am certain that all developmental, infrastructural and progressive plans for the upliftment of nation are soon going to start.
Wishing you a pleasant indulgence and a happy reading! Kirit Sobti
THE TIMES OF AFRICA is an international publication, which aspires to bring the stories of the economic, social and political fabric of the 54 nations of Africa to the World. For over a decade, we have been defying stereotypes and redrawing the lines to provide extensively researched reliable content for our robust readership network. Headquartered in New Delhi, the capital of India, we have our overseas offices in Burkina Faso, Niger, Cameroon, Ghana, Kenya and Senegal. Our distribution network covers metro cities, diplomatic missions, national organizations, foreign agencies, corporate and export houses, business class hotels and airlines, both within the country and offshores. The circulation of our magazine is wide-ranging and our readership profile includes Presidents and Senior Government Ministers and Officials, Chief Executive Officers, Chairpersons, Managing Directors, Policy-makers, Technical and General Managers, Students, Think Tanks, Academia, Foreign Correspondents and local media, Captains of Indian Industry and other prominent dignitaries, among others. We have a strong online presence on Facebook, Twitter and LinkedIn. Our success in making TOA a brand within and outside India lies in the fact that we have focused on Afro-Indian partnerships and provided a link to the African marketplace. It is our earnest endeavour to make our readers conversant with all things that matter to the continent.
COVER STORY April | May | June 2020
Volume 13
Issue 2
Africa's Response to the Pandemic
©
FOR QUERIES Call at: +91 81307 96167 Write to us at: editor@thetimesofafrica.com content@thetimesofafrica.com
Trinity Heights EXIM Private Limited All rights reserved throughout the world (THE TIMES OF AFRICA). Owner/Publisher/Printer: Mr. Kirit Sobti 2nd floor, Plot No. 7,8 & 9, Garg Shopping Mall, Service Centre, Opp. Sector XI (Extn.), Rohini Phase-2, Delhi-110085, India. Printed at Lipee Scan Pvt. Ltd., 89 DSIDC Shed Okhla Phase 1, New Delhi
CHIEF EXECUTIVE OFFICER Rohit Khattar HEAD-DIGITAL MARKETING Atishay Sobti DIRECTOR, MARKETING Nipun Patani BUSINESS DEVELOPMENT MANAGER Shruti Jain CONTENT Atlanta Mahanta DESIGN CONSULTANT ImbibEnglish Services Pvt. Ltd. EXECUTIVE-PUBLIC RELATION Monika
FOR QUERIES Burkina: Mr. Albert Sector-05, P.O. Box-1251, Ouagadougou-05, Burkina Faso E: content@thetimesofafrica.com, Phone No.: +22671038940 Ghana: Mr. Solomon Anim Owusu +233501099368 H. No-11, 5th Lane kuku Hill, Osu Accra, P.O. Box-KA 9980 Airport, Accra E: content@thetimesofafrica.com, Phone No.: +233 261228925 Nigeria: Mr. Benjamin, Logos,Nigeria, Phone No.: +2348033578238 PRINTER INDIA LIPEE SCAN PVT. LTD. 89 DSIDC SHED OKHLA PHASE 1, NEW Delhi
DISCLAIMER: All views expressed in this issue are that of the authors. The publisher may not agree with the independent views expressed in this magazine. All disputes are subject to the exclusive jurisdiction of competent courts and forums in Delhi/New Delhi only. THE TIMES OF AFRICA
4 |
www.thetimesofafrica.com
COVER STORY
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 5
Content
8
Cover story Impact of COVID19: Balancing the see-saw of African economy!
Cover story Impact of COVID19: Balancing the see-saw of African economy! ..................................................................
8
Major Highlights Roots of Racism: #Black Life Matters!................................................... 16
Spotlight Country Gabon’s Petroleum Potential Highlights................................................. 20
Start-Up
20
Spotlight Country Gabon’s Petroleum Potential Highlights.
Potential of e-sahyog to support Africa’s issues................................ 24
APRIL | MAY | JUNE 2020 | VOLUME 13 | ISSUE 1
44
Virtue Baby
Virtue Baby
Tackling stress during COVID19...................................
44
Tackling stress during COVID19
Sports Africa cup of Nation 202?..............................................
48
Roll Ball and its prospects in Ghana............................
49
En Vogue New Fashion Colors in Africa.........................................
50
Bon Appetit WHO: Food During self-Quarantine.............................
Corporate JUMIA......................................................................................... 28
Webinar
Brainstorm Are you ready to challenge your brain.........................
Ghana Banking Sector Report........................................
31
Journalist of Africa Tribute to unconventional Journalist of Africa.........
33
Anas Aremeyaw Anas........................................................ 33 Sorious Samura...................................................................
34
Late Hanna Yusuf...............................................................
35
Face-to-Face Health Care Quality in Africa...........................................
36
Racism in Africa................................................................... 38 Startup Potential in Africa...............................................
48
Sports Africa cup of Nation 202?
41
53
43 53
En Vogue New Fashion Colors in Africa
Bon Appetit WHO: Food During Self-Quarantine
57
COVER STORY
African Economy 2020: Impact of COVID19
2021
4.1%
2020
3.9%
2019
3.4%
Africa, Economic Growth
education and skills. Africa has remained behind other developing regions in education
and
training,
following
improvement over recent decades. Policy
initiatives
will
include
both
quantity and quality management steps and match education policies with labour market requirements. This calls for greater access to schools in remote areas, increased opportunities for investment in education, a demandbased education system that will meet the needs of employers, investment in nutrition to support disadvantaged children and the development of STEM and ICT capabilities. The economy calls In Africa, economic growth in 2019
of economic development in a cross-
for radical universalism in education
stabilized at 3.4% and is projected to
section of countries. The first to blame
budgets
increase to 3.9% by 2020 and 4.1% by
was the investment shortage. The
education — setting high expectations
2021, but will remain below historic rates.
investment rate in Africa has declined
for the poor and vulnerable and for basic
The basic concepts of growth are
over the past 40 years. Investment
education, where social benefits are
also changing as private consumption
has declined since 1975 to 8.5% for
greatest.
increasingly moves from production and
the entire continent, compared with
exports. The investment represented
investment levels between 20 and
over half of the continent’s growth for
25% of the average OECD economy
the first time in a decade, with private
and 30% of East Asian economies. In
consumption contributing less than one
addition, most investments have been
per cent.
biased towards the public sector, which
The economy indicates that public spending on education and infrastructure is complementary because investment in both is far higher than investing in one. The productivity of spending on education in Africa is much less than in Asia. The good news, however, is that
The Economic Tragedy of the XXth Century:
Growth
in
Africa
(NBER
Working Paper No. 9865) explores the deteriorating economic status of
is inefficient. The investment rates have risen, but only marginally, recent reforms in Africa.
to
tackle
inequalities
in
African nations could almost achieve universal primary enrolment without increasing expenditure by increasing the
However, the 2020 Outlook reveals
efficiency of education spending – at
the African continent in terms of how
that
smaller than
58 per cent for primary education. Key
rich and African nations themselves
inclusive. Inclusive growth was achieved
policies to improve spending efficiency
may support the world’s poor nations.
in just about one-third of African
and education quality include conducting
The
describe
most
countries, reducing both poverty and
education
inequality. This year the main theme
reviews, improving teacher quality, and
using the strong structural determinants
is to provide Africa’s future staff with
using
THE TIMES OF AFRICA
the
is
significant reasons behind the disaster
10 |
authors
development
expenditure
audits
performance-based
and
financing.
www.thetimesofafrica.com
COVER STORY In its last part, the report provides short-to-medium term forecasts on the evolution of key macroeconomic indicators for all 54 regional increasing investment and quality of education involves carrying out auditing and evaluation
of
education
expenses,
increasing the training of teachers and using performance financing. Increasing investment and quality of education involves carrying out auditing and evaluation
of
education
expenses,
increasing the training of teachers and using performance financing. The
coronavirus
(COVID-19)
has
resulted in large-scale down turns and interruptions in supply chains due to harbor closures in China, resulting in an unprecedented global shock in all economic sectors. Africa has its full impact and plans are in place throughout the continent to control and manage its humanitarian challenges. The effects have been felt in economic terms, demand
for raw materials and commodities from Africa has been decreased in China and access to the industrial parts and manufactured products of the area has suffered from obstacles in Africa. In a continent already struggling with broad geopolitical and economic instability, that causes additional uncertainty. Although Chinese growth will fall in the short term, it is expected to rebound
quickly. Some suggest this could even happen in the second quarter of 2020 when the virus will hopefully be contained. Central banks are implementing measures to mitigate the effects of the virus on the economy. In early March, the World Bank announced it would commit USD 12 billion in aid to developing countries.
Africa has gone through a period of sustained political and financial instability but there has been significant rises in M&A investment in Africa in the following years, which are reflective of potential economic improvements. COVID-19 could interfere with this projected rise and create more shortterm uncertainty about how it will affect the African investment opportunities, productivity and consumer demand on Creating one African Market
the continent. As such, events could be sufficiently important to trigger a shift in terms of a current M&A agreement, and transactions may therefore be delayed.
It is our hope that the rebound
with the potential to facilitate and
Conditions of COVID-19 could also delay
of COVID-19 will coincide with the
harmonize trade and the development of
due diligence of M&A necessary for the
implementation of the AfCFTA in July
infrastructure in Africa. After the further
progress of a transaction to finalization.
2020, which should further boost
uncertainty of dealing with COVID-19
In addition, the virus can be described as
Africa’s business activity in the next
impacts, this stimulus will be welcome
a major force event that causes further
few years. AfCFTA is the first African
to the investment environment.
delays or terminations.
trade agreement across continents
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 11
COVER STORY African publishers have waited several
more borrowers-like and somewhat slow.
resources. From 2014 to 2017, nearly
years before any planned capital increase
As global economic growth is a driving
half of Chinese policy banks lent EUR
is implemented for the improvement
force behind commodity prices, local
19 billion to energy and infrastructure
of political and economic instability in
prices are affected by the worldwide
projects throughout the region. In
Africa. The Global Transactions Forecast
effects of the virus. The incertitude
the region of China’s BRI, a multi-
from Baker McKenzie has shown that in
about the effect of COVID-19 on the
million - dollar plan to connect Asia,
2019 there were no IPOs in South Africa.
local markets is likely to contribute to
Europe and Africa, coronavirus already
The numerous global trade tensions
greater average investment risk for the
affected activity. According to a new
also eroded investor trust, with capital
future. A temporary decrease of share
report produced by Baker McKenzie
raisers seeking signs of resolution
prices, on the other hand, always gives
and Economist Corporate Network,
before IPOs were launched. With Africa
prudent investors opportunities.
sustainable development should be
looking to take advantage of new global and regional trade agreements, forecasts indicated that capital markets would recover over the coming years, but this could be delayed because uncertainty regarding the impact of COVID-19 reaches its peak in Africa. There is therefore an expectation that IPOs in the region are decreasing, not just because of the virus of equity but because COVID-19 has an influence for IPO companies on the underlying business case and will influence their ability to raise capital.
In Africa, businesses as well as individuals may not find themselves insured in any COVID-19 impact, since epidemic and pandemic losses are generally not covered in insurance policies, whether or not the insurance includes business interruptions and property damages or product losses and personal life or non-life insurance. COVID-19 being a new disease, it would not have been specified in current insurance policies explicitly. Many policy violations have provisions for increased
currently
project participants including both the workers and the larger local populations in the projects undertaken. Over a span of several months
epidemics or pandemics may be affected. Reuters said that the insured expense of
a reduction in China’s consumption.
Tokyo Olympics was estimated at around
Commodity sellers in Africa are forced
USD 2 billion from financial services firm
to discount their goods elsewhere.
Jefferies, including television, hospitality,
More than three-quarters of African
and sponsorship.
exports to the rest of the world focus
cancelled
In
specific
Africa’s
event
coverage
references
development
to
of
IJGlobal, “A Changing World: New trends
circumstances that the virus has created.
in emerging market infrastructure,” has
The enormous global economic downturn
shown that in the past years China has
caused by China’s decreasing output
focused on sub-Saharan Africa as part
will influence African lenders to make
of the Belt and Road Initiative (BRI)
financial institutions on the continent
both in relation to its needs for natural
THE TIMES OF AFRICA
world, to protect the health of BRI
effects of COVID-19 in Africa. With China shutting down its production facility and closing its ports, demand for African goods has fallen. In China, importers cancel orders due to port closures and
can adjust to new and unprecedented
12 |
spread of COVID-19 throughout the
the policy wording should be thoroughly
partner. Baker McKenzie ‘s research with
to
and delays because of the constant
trading partner, China already feels the
impact of COVID-19, ensuring they
responding
increases with immediate term setbacks
foreign trade. As the largest African
under
infrastructure, China has long been a key
and
of sustainability for BRI also necessarily
exceptions would protect them. As such,
although
the
evaluating
The report points out that the definition
situations it is doubtful that such
including
are
development of global infrastructure.
COVID-19 will have an effect on Chinese
offering
finances
Initiative, to remain a major force in the
current
penalties,
monitored. Some insurance corporations
Global
central to the Chinese Belt and Road
heavily on natural resources and any reduction in demand impacts most of the continent’s economies. The risks of industrial commodity export to China are significant in countries such as the DRC, Zambia, Nigeria and Ghana, such as iron ore and copper. The OPEC has greatly reduced its prospects of oil demand this year as a result of the virus. This year’s OPEC is the result of the virus. www.thetimesofafrica.com
COVER STORY As China belongs to the global supply
was driven, in part, by a strong growth
discounted prices. OPEC+ did not agree
increase
in the electrical, construction and
this week about conditions for cutting
the risk of supply chain disturbances
manufacturing sectors, and on the other,
oil supplies in order to address demand
for multinationals that already affect
by a year-by-year drop in domestic mining
challenges that led to the COVID-19
manufacturing plants around the world,
production capacity, by decreasing ore
crisis, the start of an oil price war and
including in Africa, with retardation,
grades, increased labor costs and an
a further drop in oil prices. Demand
crude material shortages, higher cost
even stricter regulatory environment.
for Liquefied Natural Gas ( LNG) also
and decreasing orders. Furthermore,
In exchange, China has one of the
decreased due to the risk of canceling
an analysis of African imports from
world’s strongest building infrastructure
much of China ‘s total gas imports. China
abroad shows that over 50% of
capacity and is probably the most
is the second-largest world-wide oil
Africa‘s combined needs consist of
suitable for helping Africa tackle its
consumer and one of the world’s largest
industrial
large
Therefore,
LNG importers. However, once China
China’s COVID-19 outbreak inevitably
recovers, it is also expected that this
chain,
factory
shutdowns
machinery,
manufacturing
and transport equipment. At present, external imports from outside Africa
infrastructure
will result in an increase in raw material
35%
account for over half the total volume
gap.
demand.
14%
of importations into African countries;
Furthermore,
significant
COVID-19 breakdowns in mining regions
the main suppliers are Europe (35%)
35%
China (16%) and India (14%) as well
in Africa may affect labor productivity, skilled technicians’ availability to transit
as the rest of Asia. Disturbances due
from affected areas and the ability to
to the effects of COVID-19 would
produce raw materials through labor-
also contribute to lower availability of
intensive mineral operations. Mining
manufactured products imported from China into Africa.
companies in the region will carefully
16%
plan to avoid such a scenario and to ensure that the spread of the virus is
With the generic existence of the virus, how supply chains can be easily
Europe
Asia
China
India
modified to meet the requirements
efficiently mitigated. Furthermore, the African automotive
can hardly be envisaged. Vietnam and
has hit the African mining industry,
industry will experience an impact, as
Indonesia’s obvious choice of re-routing
although the extent and duration of the
the Hubei province is an epicenter for
supplies chains as a result of the ‘trade
outbreak remains highly unsure. Reuters
the virus and is a large center for the
wars’ between the U.S. and China is nearly
estimated that in 2019 China produced
development of car parts. Moreover,
fully capable and not necessarily able to
almost 1 billion tons of steel and
consumption demand is projected to
meet the needs if China can not produce
consumed approximately 900 million
affect already existing market conditions
them, and these states face additional
tons mainly as a result of infrastructure
in the sector, as sales are affected by
COVID-19 challenges. Although Vietnam
and
the resulting economic downturn.
has recently stated that all 16 infected
Shutdowns led to a decrease in steel and
people have been cured and Indonesia
iron ore demand. Lithium, cobalt, copper
has only reported two cases so far, both
and iron ore companies from Africa are
countries have reported coronaviruses.
already seeing declining demand from
China seems more interested in investing in the African mining sector than any other large economy. Chinese
construction
consumption.
China, due to shutdowns in production processes and disruptions to the global supply chain.
In African countries the detection of the virus could be a challenge due to a lack of laboratory capabilities and medical supplies. The WHO noted that 36 African countries are being equipped with virus test kits, and it has helped to train and provide African health workers
responsible
Port shutdowns, restrictions on travel
for only 10 mining operations on the
and production shutdowns are lowering
Moreover,
continent in 2011, according to China
demand, causing oil importers in China
medication stocks are identified by
Mining 2018 reports. The interest of
to cancel African purchases and forcing
the
China in the mineral resources of Africa
sellers to divert cargoes, often at
In the case of the virus, healthcare
mining
investors
were
www.thetimesofafrica.com
with personal protective equipment. quarantine
majority
of
centers
African
and
countries.
THE TIMES OF AFRICA
| 13
COVER STORY facilities across the continent will feel intense strain. The effect of COVID-19 on the global pharmaceutical market is already beginning with price rises in pharmaceutical ingredients manufactured in China, which have been unavailable after significant factory closures and disruption of the supply chain. At the beginning of March the Foreign Trade Directorate General of India announced that the country would limit its exports to 26 medical products, including paracetamol, and antibiotics, that would cause a shortage in Africa. A large percentage of global generic medicines are produced in India. This year, high-value investment is scheduled to be in the TMT industry in Africa, where many telecommunications companies
are
looking
to
expand
infrastructure and the booming ecommerce sector is showing M&A opportunities. Nevertheless, COVID-19 insecurity
can
delay
expected
investment, because tech investors are waiting for insecurity and recover from short-term effects. The impact of reduced demand in China and the effect of supply chain breaks on the material needed for the production of its products has had a negative impact on its companies, most large technology multinationals have stated on various media platforms. Many were forced to close their stores, factories, production facilities and offices, so that employees could work from home. The most vulnerable labor-intensive sectors of the virus have an impact on the planned projects, development and releases of products in the sector. This is likely to cause a shock and also lead to project delays in Africa. The global theater industry is predicted to suffer if people stop going to cinemas for fear of the virus being picked up, allowing traditional broadcasters and live streaming platforms a chance to benefit from the holiday at home and television viewers. It will be important to see what changes film distributors are making in order to deal with this issue. Transactional video-on-demand services can be used as one tool for new models. Either way, the effect would possibly disrupt the conventional dependency on
14 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
COVER STORY theaters as the first release window and,
most busy airways in the world. ASATA
goods market. However, world panic
in the end, the way the film distribution
recently reported the effects of leisure
shopping has led, as people stock up
industry is business will be modified.
travel and constructive steps being
when they become in danger of being
taken by travel suppliers to support the
quarantined, to an increase in demand
affected parties, such as waiving of
for food with longer shelf durability and
cancelation charges for those unable to
medical products. The shutdowns in
travel more frequently.
China have also affected labor-intensive
In Africa, there are about one million Chinese and many Africans are visiting China
as
students,
tourists,
and
business travelers. With China and other virus-impaired regions restricting non-essential events
and
travel mass
and
banning
gatherings,
According to the Franklin Templeton Emerging
Markets
Equity
team,
the
consumption represents 70% of China’s
effect on tourism in Africa will be
GDP. The COVID-19, a decreasing short-
notable.
International
segments of the supply chain, with global supply chains projected to be affected and retail supply shortages, including in Africa, are likely to result.
travel-related
term consumption and a reduction in
Online retailing is a major beneficiary
enterprises like hotels, airlines, luxury
demand for global consumer products,
of the effects of COVID-19 – the
and consumer goods have suffered as
will directly affect the use of travel,
sector has experienced growth while
a result of travel prohibitions in and out
leisure, retail and selected optional
people turn to online shopping, avoiding
of Africa. Vacations were canceled and
consumption. For example, luxury brands
crowded shops. In Africa, the same
reprogrammed in viral areas, and people
are expected to be hit by falling demand
situation may well lead to healthy sales
stopped going to entertainment venues
and shifting priorities. According to Bain
bumps in online retail. Retailers in Africa
and restaurants to prevent exposure risk.
& Company and Altagamma, Chinese
are preparing to deal with the impact
Moreover, African airlines are threatened
consumers accounted for about 35% of
on their liquidity, which might result in
by the epidemic and the number of
world sales of luxury goods last year and
job losses, of a potential selling decline
Chinese flights from Africa decreases
the drop in demand as a result of travel
due to restrictions on both the supply of
considerably. If the travel ban persists, it
prohibitions and mobility constraints
products and demand. The online retail
may hurt the airlines serving some of the
will have an impact on the global luxury
sales strategy could provide a solution.
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 15
MAJOR HIGHLIGHTS
Roots of Racism: #Black Life Matters! Black Lives Matter
of the Police officers involved in the
Jefferson (2019) and Breonna Taylor
(# BlackLivesMatter), is an activist
deaths. African-American men and
(2020) are the women who were killed
campaign that started as a hashtag
boys who had been killed by the police,
as a result of police encounters.
after the death of unarmed African-
many of whom, including George Floyd,
american teenager Trayvon Martin,
were unarmed, had a deeper historical
who was killed in Florida in July 2013,
background. Since 2014, other high
acquitting George Zimmerman. Since
profile deaths have occurred including
two major murders of unarmed Afro-
Tamir Rice (2014), Laquan McDonald
American men (Eric Garner on Staten
(2014), John Crawford (2014) Freddie
Island, NY and Michael Brown on
Gray (2015), Walter Scott (2015), Alton
Ferguson, MO) in 2014, the campaign
Sterling (2016). Black women and girls
has become more prevalent and
are still victims of police brutality, a fact
popular. None have been convicted
that has sparked the campaign ‘Say
(i.e. formally charged with a crime)
Her Name’ to point out how abuse still goes unnoticed. Sandra Bland (2015), Deborah Danner (2016), Atatiana
16 |
THE TIMES OF AFRICA
The Black Lives Matter campaign has brought widespread visibility and debate through simultaneous local and national marches and other acts – mostly triggered by the deaths of other African American unarmed citizens. Black Lives activists have released the ‘Campaign Zero’
which
includes
ten
policies
developed with campaigners, protestors and researchers across the country that integrate community demand, research organizations’ inputs and the 21st Century Police President’s Task Force.
www.thetimesofafrica.com
MAJOR HIGHLIGHTS
“The past is not dead. It is not even past” stated by William Faulkner.
Ethnic racial
pygmies
discrimination
experience
racism. During the Second Sudanese
Bantu
like “black Moors” or haratin in Mauritania
Civil War, people were taken into slavery;
communities in Central Africa. Physically
and still partly serve as slaves the “White
estimates of abductions range from
and genetically, pygmies and bantus differ
Moors” or bidhan. The people of Herero,
14,000 to 200,000. In the 1970s, the
as long-term developmental isolation
led by Samuel Maharero, were rebellious
region was affected by colonial policies
persists before they return to near
against colonial rule by Germany on 12
in Uganda and other eastern African
contact with the growth of Bantu. The
January 1904. In 1985, the UN Whitaker
countries. The British in the 19th century
Bantu peoples, which have persisted into
Report
aftermath
colonized Zimbabwe and placed on their
modern times, have targeted Pygmies
as one of the earliest attempts to
land a colonial economic and social
for slavery. In 2001, racial tribal violence
exterminate the peoples of Herero
organisation.
and religious bigotry surged on the Ivory
and Nama in South-West Africa during
Coast. In 2004, in Abidjan the Young
the 20th century. Niger announced in
Patriots of Abidjan, an organization which
October 2006 that it would expel the
had a powerful nationalist influence,
“Diffa Arabs,” Arab residents of Diffa in
mobilized by state media, robbed foreign
eastern Niger, to Chad in October 2006.
people. Then followed abuse and beatings
In South Africa racists are still prevalent.
of European and Lebanese descendants.
Nevertheless, South Africa’s racism
There have been no deaths confirmed.
precedes and includes far more than
Despite abolishing it from 1980, slavery
the institutionalized racism of apartheid,
continues in Mauritania, and primarily
as it may have abolished the legal
affects
structure that allowes institutionalized
the
against
Africans taken into slavery who now live
descendants
www.thetimesofafrica.com
of
Black
categorised
the
In Capital, Marx writes: The discovery of gold and silver in America, the extirpation, enslavement
and
entombment
in
mines of the indigenous population of the continent, the beginnings of the conquest and plunder of India, and the conversion of Africa into a preserve for the commercial hunting of black skins are all things that characterize the dawn of the era of capitalist production
THE TIMES OF AFRICA
| 17
MAJOR HIGHLIGHTS
It’s a common conversation these days:
18 |
THE TIMES OF AFRICA
One person says, “Black lives matter.” Then another responds, “No, all lives matter.” It’s also a complete misunderstanding of what the phrase “black lives matter” means. The person on the receiving end interprets the phrase as “black lives matter more than any other lives.” But the point of Black Lives Matter isn’t to suggest that black lives should be or are more important than all other lives. Instead, it’s simply pointing out that black people’s lives are relatively undervalued in the US. - By German Lopez in Vox.
www.thetimesofafrica.com
MAJOR HIGHLIGHTS
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 19
SPOTLIGHT COUNTRY
Gabon’s Petroleum Potential Highlights Africa Oil & Power(AOP) has released
of Gabon. Gabon 2020 is an essential
the Africa Energy Series Special Report
tool. The report of AOP which highlights
(Gabon 2020) in line with Gabon’s
Gabon’s oil and gas industry – provides
objective of attributing more oil and
a detailed overview of the investment
natural gas explorers to investors
prospects of Gabon in the sense of a
and businesses seeking to broaden
continuing licensing round for most of
operations into the oil and gas field
the accessible offshore blocks in Gabon.
1930
1998
2018
First signs of potential oil discoveries in Gabon
Peak oil production close to 350,000 barrels per day
The government announces the launch of its 12th licensing round, comprising 35 blocks open for tender
1956
2004
First oil from Ozouri and Pointe-Clairette fields
Production from Gabon’s onshore declining fields reaches 92 million barrels
1963
2007
Major production from Gamba field
Production remains stable at 89 million barrels of oil
1973
2011
Gabon’s oil production reaches 10mtpa from the Grondin field
National oil company Gabon Oil Company is created
1974
2014
Gabon’s oil fuelled-GDP increases by 150% from the previous year
A new petroleum code is tabled
1975
2016
Gabon joins the Organization of Petroleum Exporting Countries
Liberalization of petroleum products distribution in Gabon allow fuel price variations
20 |
THE TIMES OF AFRICA
2019 A revised petroleum code is approved to attract international investment in offshore
2019 For the first time in five years, Gabon signs seven exploration contracts
2021 Production goal: 300,000 bpd
Inputs from Gabon Special Report 2020
www.thetimesofafrica.com
SPOTLIGHT COUNTRY Gabon ‘s production peaks in 1997 were seen as a landmark producer in Africa with the first oil extracted in 1956. In Gabon ‘s history of oil production, 2020 marks a decisive year. In the 12th round of permits, a total of 35 blocks were offered and continuing, 12 exploration licenses
were
signed.
The
report
explains the renewed attractiveness of the petroleum sector in Gabon including a new oil and gas code; the growing concentrate on natural gas production and the International Monetary Fund agreement to revitalize the economy of Gabon and thereby increase global trust in the growth of that country. “Gabon is committed to bringing new life to its high-potential oil and gas industry in spite of global challenges raised by the COVID-19. Gabon, with a long history of oil exploration and development and high hopes for the future, is strategically located in the Gulf of Guinea. In the
2007. The downturn was mainly due to
coming months we are going to be crucial
the world financial crisis. The downturn
in emerging from the global pandemic, but Gabon has good partners to count on, “said James Chester, Africa Oil & Power ‘s acting CEO.
mineral mining sites have the potential. Timber was the main source of
Like other African economies, Gabon
exportation for the country before oil was
is rich in resources and explains its
discovered and a small population with
recent economic growth and potential.
over 22 million hectares of rainforest.
It is estimated that in January 2011,
Over 80 per cent of the country is
investment
Gabon had confirmed reserves of
forest-related and
community Gabon is not well established
two billion barrels, almost six times
sustainable growth is now a core part
but for a number of reasons Gabon is
the population per capita in Nigeria.
of Gabon’s development strategy. Vast
important in this Francophone central
Manganese mine is the world’s second
stretches of rainforest are protected,
African region, which is beside Equator,
largest reserves. Recent finds of iron
and the Government aims to encourage
and is likely to have even greater
ore and total reserves of almost 1 billion
sustainable tourism for the wealthy. In
economic impact over the coming
tonnes, as well as gold, diamonds, lead,
2020, 100,000 visitors are to be drawn
years. The per capita GDP per capita was
zinc, niobium and phosphates, have
to Gabon a year.
estimated in 2010 as ninth in Africa, at
been observed. Gabon has proven to be
6997 USD in PUP, sandwiched between
a cornucopia of mineral wealth, and the
above Algeria and Namibia below. PUP
government reports that more than 900
In
the
Anglo-Saxon
responsible and
Parity was the first per capita GDP. In 2010, real GDP rebelled at an annual growth rate of 5.7%, up from 5.6% in
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 21
SPOTLIGHT COUNTRY The
Directorate
General
for
Gabon’s first oil extracted in 1956 was
Hydrocarbons and PGS now provides
produced in Africa at its peak in 1997.
more than 65,000 square meters as
2020 is a crucial year in the history of
a further opportunity for investors.
oil production. During the 12th round of
3D seismic km and 2D seismic data
licenses in the region, 12 exploration
in more than 21 000 kms across 35
licenses have been signed and offered for
blocks, providing additional opportunity
a total of 35 blocks. The report explains
to incorporate new data into open
Gabon ‘s current petroleum sector
block assessments. The MegaSurvey
attractiveness and provides a new code
of Gabon, a cost-effective method to analyze and envision plays and migration routes, is open to investors. In line with the goal of attracting new oil and gas explorers, African Oils & Power, Gabon’s Africa Energy Series Special Report, has been launched by the AFP
for oil and gas. The agreement with the International Monetary Fund to revitalize Gabon, which increases international confidence in Gabon ‘s development, is underlined in the development of natural gas. Gabon’s commitment to a new life for its high potential oil and gas sector given the global challenges faced by the
The Gabon Hydrocarbons General
as a guide to investors and companies
Directorate and the PGS have recently
looking to grow their operations in
expanded the coverage of the Gabon
Gabon’s oil and gas field. The 14-page
Mega Survey and significantly expanded
report-which highlights Gabon’s oil and
the 3D seismic access over 35 blocks
gas industry- provides a brief overview
offered by the 12th Offshore Licensing
of Gabon‘s investment in the context of
Round. Gabon demonstrates once again
the continuous licensing round for most
The investment world of Anglo-Saxon
its readiness to remain attractive in a
of Gabon ‘s open offshore blocks and
countries is not well-known in Gabon,
highly competitive market environment
can be downloaded free of charge from
but for several reasons it will also have
and to engage regional and global
the AOP Website.
a much greater economic influence
COVID-19. Gabon, strategically situated in the Gulf of Guinea, is on the right path with a long history of oil discovery, growth and high expectations for the future.
investors to draw capital and technology into its sector. The ongoing round of Gabon licenses has already been successfully launched in November 2018 and resulted in the signature of a record number of PSCs in sub saharan Africa last year. The Department of Oil , Gas, Hydrocarbons and Mines has extended the filing deadline by 30 April 2020 in response to current market conditions and the Covid-19
pandemic.
The
extended
round offers an incentive for investors to start exploring what is one of the hottest upstream frontiers in Africa. The Chamber supports the inclusion of seismic and detailed knowledge as a key solution to support and extend the commitment of Gabon to prospective and reliable investors.
22 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
SPOTLIGHT COUNTRY in the years to come from the central
abundance of minerals, and 900 mining
part of Africa, apart from the equator.
sites are reported by the government.
Measured at the per capita level, in the sandwich above Algeria with Namibia below, it was 9th in 2010, with GDP measured per capita. In 2010 real GDP bounced again at an annual growth rate of 5.7% as compared to 5.6% in 2007. The downturn was mainly caused by the global financial crisis.
Last year’s signing of a record number of PSCs in sub-Saharan Africa was a
The nation was already vulnerable to timber, with a small population but over 22 million hectares in the rainforest, before oil and large export revenues were distnoted. Over 80 percent of the country with trees and a key feature of Gabon’s development plan now has a goal of responsible and sustainable
successful start of the ongoing Gabon Licensing Round. In response to emerging market conditions and the Covid-19 pandemic, the Ministry of Petroleum , Coal, Hydrocarbons and Mines extended this submission deadline after April 30 2020. The extended round provides an opportunity for investors to begin their exploration of one of Africa ‘s
Gabon, like other African economies, is
development. Huge areas are protected
a resource-rich economy that represents
as the government encourages nature
its new economic development and
reserves and eco-tourism. By 2020,
potential. In January 2011, a total of
100 000 tourists are to be attracted
almost two trillion barrels of confirmed
annually
Gabonese reserves, about 6 times as
enlarged 35-block exposure to 3D
large per capita in Nigeria, were estimated.
seismics under this current 12th Round,
The second highest in the country is
Gabon’s Hydrocarbons and PGS General
manganese mine worldwide. Moreover,
Directorate
the
Throughout 21 000 km of 3D seismic
recent tests have shown the presence
scope of the Gabon MegaSurvey. Again,
and 2D seismic data through 35 blocks,
of approximately 1 trillion tons of iron ore
Gabon demonstrates its readiness to
new data can be inserted into open
and complete reserve, and the inventory
stay attractive and to include national
block evaluations. Investors may use the
is maintained of gold, diamonds, plum,
and foreign investment in capital and
Gabon MegaSurvey for review of regional
zinc, niobium and phosphates. Gabon
technology in its industry in a competitive
activities, and for a cost-effective view
has proven to be a cornucopia of the
business setting.
of the game and migration pathway.
www.thetimesofafrica.com
to
Gabon.
recently
Receiving
extended
an
hottest upstream borders. The House supported supplementary seismic data as an important option for sustaining and increasing Gabon ‘s engagement with potential, credible investors. The Hydrocarbons generally
and
offers
PGS
directorate
investors
more
than 65,000 square meters of land.
THE TIMES OF AFRICA
| 23
START-UP
Potential of e-sahyog to support Africa’s issues Authorized Access To Multiple Users
An App For Public Queries
Improves Co-ordination between Departments
Prioritize Queries and assign Tasks
Issue Curfew Passes & Handle Medical Emergencies
Notification To Concerned Department
this is how it works sTEP 01
sTEP 01
sTEP 01
it is analyzed and given priority
Active Govt personnel receives the query
It is easy to check the status of every query
● Live
sTEP 01
The query is sent to the concerned department ● Pending
it undergoes the process
● Fullfilled
E-Sehyog has been developed by K.S.
the current crisis, most of the calls are
only help us serve our community better
Infosystems Private Limited. It helps the
unanswered and a large proportion of
but will also be an aid in the process
government agencies in giving support
internal migrants are crossing the city
of fighting COVID19. Presently it has
and resolution to the public grievances
borders from urban to rural areas. Thus,
been implemented in Chamba, Himachal
related to COVID-19. It is one such
the Government needs to address
Pradesh as “Syanu” and in Gurdaspur,
solution which will make grievance
them by performing health check-ups
Punjab as “Sahyog” app. Rohit Khattar,
handling more efficient and less time
and accordingly issue entry passes to
Chief Executive Officer (CEO) of K.S.
will be spent on resolving them.
prevent further outbreak of the virus in
Infosystems Private Limited has taken
the rural areas.
the initiative and led the entire team to
The Indian government has also counter
COVID19 is spreading rapidly and it
COVID19 during lockdown across the
is the need of the hour that all of us
country. Helplines have been set up
should work in tandem to eradicate this
to answer public grievances, queries
disease from our society. E-Sehyog can
and requests for assistance. Due to
be one of the solutions which will not
initiated
24 |
many
steps
THE TIMES OF AFRICA
to
execute this entire project successfully. For more detail: Visit the website: K.S. Infosystems Private Limited to connect with us ceo@ksgco.org +91-9873242080
www.thetimesofafrica.com
START-UP
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 25
START-UP
Features and Advantages of the E-Sehyog : ● It drastically reduces the turnaround time for
● Information security is also given priority, and only the
processing public requests.
authorized users can access the platform.
● It allows the government agencies to expand the
● As the flow of queries is usually very high, the
bandwidth of the people working towards resolving
department can create the “N” number of users to
open issues.
access those queries and resolve them.
● It gives you the flexibility of customizing the platform
● This app is very flexible and can be customized to
as per the needs of a particular department to automate
perform various different tasks like issuing curfew
the processes.
passes, free ration, handling medical emergencies, etc.
● The live notifications sent to the complainant reduce
● The best part about this app is you can do the
segregation of queries and assign them a priority so that
essential tasks are handled first.
public anxiety and helps in maintaining law and order.
● As one single app can handle multiple tasks, it can help in
saving time, money and efforts, and all these three are
● It has options of sending an instant notification to the
very precious at this hour.
complainant and to the concerned authority.
● It gives the higher authorities a perfect system to
● It can handle tasks like issuing ration coupons, and
monitor the work done and improvise as per the
requirement.
curfew passes to the public.
● The entire process is online and less time consuming, and
● It will help the government in achieving better
the level of automation can be set as per the urgency and
regulation required on the task.
coordination between different departments.
● The user doesn’t have to remember different numbers
● The complainant can track his request live and does not
for different queries and can send all their questions to
one number on WhatsApp.
panic and run here and there breaking the lockdown.
● E-Sehyog App is very user friendly, and multiple users can
access the platform through their mobile phone or
computer or laptop. The system helps to monitor quarantine patients and helps the government about their movements and daily updates on their health with GIS and GPS technology.
26 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
SPOTLIGHT COUNTRY
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 27
CORPORATE
JUMIA
The largest e-tailer in Africa, Jumia, seems to have turned its in-house logistics arm into a company that will now respond not just to Jumia ‘s needs but more than that. Jumia logistics has now become a full-service logistic service overnight, in addition to deliveries to the e-commerce platform, open to outside customers including individuals and businesses. Currently, an expanded service is also available in Kenya where customers can either drop their parcels at Jumia’s relocation centers in Nairobi, or collect businessto-customer (B2C) and business-tobusiness (B2B) delivery from their locations. Not unlike what Start-ups such as Sendy, Lori Systems and others have to offer. Sam Chappatte, CEO of Jumia Kenya said, “We open up our logistics arm for both B2B and B2C deliveries, at our partner’s request, in the hope that we can deliver better service quality, at a lower cost.” Since COVID-19, demand for elogistics, offline delivery services and
online business has increased. Jumia seems to take the lead and compete with its strong logistical network. Jumia claims that its logistics network in Kenya is the collaboration between dozens of logistics companies from large players such as POSTA and Wells Fargo to many small players throughout the country. Before now, Jumia Logistics supported its e-commerce platform and food supply company as Jumia Food exclusively. Due to this new development, Jumia is becoming mainly a logistics company as an e-commerce company. This change is consistent with the latest trends, in which e-tailer is looking beyond their core e-commerce business to generate revenue and reduce losses. Jumia has exited various low-level markets and changed its services in the last 10 months. As part of the restructuring effort, “Jumia Pay” has turned their in-house payment platform into an appropriate fintech product. More than a year ago, on the New York Stock Exchange ( NYSE) Jumia pulled off a historic Initial Public Offering (IPO). The share price of the company was well above the USD 14.50 opening price until
an alleged misfeed occurred with Citron Research, a company owned by Andrew Left, also known as short-seller. These allegations collapsed the share price of Jumia and the lawsuits invited, and it was never the same. Jumia has traded shares of approximately USD 5.60, has since lost its billion-dollar valuation, and the e-tailer closed last year in the light of massive losses. At the beginning of April, Rocket Internet, a German parent company based in Jumia, announced the sale of its shares in Jumia and, by implication, the separation of ties with it. In the same month, though Jumia packaged it up in 3 countries the year before, they announced their presence in South Africa. Jumia ‘s CEO Sacha Poignonnec and CFO Antoine Maillet-Mezeray stress on the challenging nature of the scaling of e-commerce in the African markets, the need to distinguish Jumia’s revenue streams and restructure business into multi-faceted operations. Since then, Jumia wore the axis to make the plants fit and watered it to be fair for the product. There have been signs in Jumia’s last two financial results that the new approach could only pay off.
Photo Source: weetracker
28 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
CORPORATE
Developing Ghanaian SMEs; The e-commerce solution One of the most significant backbones of
Ghana’s
economic
and
social
A platform for small scale vendors
Best pricing (increased demand)
development for a very long time has
Would you rather have a shop in the
One of the greatest advantages that
been small and medium scale enterprises
middle of nowhere or a shop in the busiest
e-commerce has brought to SMEs in
(SMEs). They are the major driving force
part of the city? How many people will
Ghana is that of increased demand. This
for business development, employment
walk into your physical shop in a day as
is as a result of the price war among
creation,
and
compared to the millions of people likely
several vendors. In the online business,
services and internal income generation
to see your product online? Business in
to get good revenue, one needs to have
in Ghana. 90% of registered businesses
Ghana has changed and most people
good quality products at very competitive
in Ghana are SMEs according to the
would rather shop on their smartphones
prices. When that happens, more and
Registrar General’s Department as noted
and laptops than visit physical stores. In
more customers are willing and able to
by Graphic Online. An SME Research
the wake of COVID-19, everyone is trying
buy these products and that increases
Report by Ghana Web also indicated
to keep safe and online business has
demand. This opens the door for SMEs
that SMEs contribute an estimated
seen a tremendous increase. SMEs can
to grow and expand. Best pricing also
70% of Ghana’s GDP and account for
really leverage on this to grow. Placing
facilitates quicker sales hence paving a
approximately 85% of employment in
your products or services online gives you
path to profitability.
the Ghanaian manufacturing sector. With
a bigger platform to showcase your shops
all these facts in mind, it has become
and increase revenue. SMEs get to learn
imperative that Ghana intensifies efforts
new techniques, meet partner brands and
In the absence of competition, there
to further develop it’s existing SMEs and
expand their businesses with the training
is always complacency. The e-commerce
prepare to empower the new ones.
and guidance from experts in the online
industry
retail industry.
between vendors. Although the is a
production
of
goods
Access to credit/capital The biggest problem facing most
Competition
thrives
on
competition
bigger customer audience online, SMEs
Employment
have to be at the top of their games to
SMEs in Ghana is the lack of credit or
One important area of growth for SMEs
possess a great share of the market.
capital. Many SMEs find it extremely
in Ghana is the area of employment. Over
This then triggers an improvement in the
difficult to get the financial backing to
the years, many graduates complete
quality of goods and services, customer
boost their businesses. The financial
school with the main aim of landing white-
service, management and other pillars of
institutions usually decline loan requests
collar jobs, earn a decent salary and build
growth. Without competition, SMEs feel
because of the positioning of such SMEs.
a life from there. With growing numbers
comfortable and do not look for various
E-commerce plays an integral part of
of graduates per year and limited
channels of growth.
building a good portfolio for SMEs. Having
opportunities, the best way forward
your products online in an organized way
is self-employment. E-commerce has
helps to reach a larger audience and
indeed helped many of such ‘’unemployed
generates into better sales. This helps
graduates’’ to enjoy good fortunes in
create a good portfolio and gives the
developing their ideas. From small scale
financial institutions confidence that
clothing to mobile phone accessories
these SMEs are eligible for the loans
or cosmetics, platforms like Jumia
requested. Also, being a partner to such
have made it possible for thousands
credible online retail platforms like Jumia
of unemployed Ghanaians to become
gives these SMEs great credibility to
gainfully
access credit and capital.
the way for these SMEs to then also
self-employed.
This
opens
absorb other skilled people who may not
There is great potential for SME growth and development here in Ghana. However, it is dependent on all stakeholders to identify the right opportunities and leverage e-commerce in order to maximize this potential. The future is bright and we are just getting started. Start a business today and take it online and if you already own a small business, it’s time to look at it in the e-commerce spectrum. Let’s grow! By Bennet Otoo (Jumia Ghana)
necessarily have their own businesses.
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 29
CORPORATE
30 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
WEBINAR
Ghana Banking Sector Report In both developed and developing nations, the COVID-19 pandemic is a big threat. The social distance and containment measures which impede the proper functioning of the global economy have a significant effect on industrial and agricultural value chains. When world demand drops, their prices have dropped as a result of key raw materials exported by African countries. This threatens serious export profits, the balance of public finances, sustainability of foreign debt and the prospects for Africa’s economic development. Transport and tourism at the sectoral level have come to a standstill with potentially devastating consequences for employment and development. The first recession is projected to start in Sub-Saharan Africa for 25 years, with GDP projected to decrease in terms of between -2.1% and -5.1%, and export income expected to decrease by $100 trillion. This recessionary climate inevitably leads to higher default risk for (household and company) lenders and, as a result, affects the African financial sector negatively. Increased capital outflows, liquidity drying, and higher loans may further aggravate the national banking system and its capital ratios while recapitalisation or even restructuring of some banking system countries. This seminar addressed the possible impacts of the COVID-19 crisis on the African financial sector and policies / actions helping the sector through the pandemic, considering the potential contagion effects of the recession. The webinar was hosted by the Making Finance Work for Africa (MFW4A) Secretariat. And featured speakers from Afreximbank, TCX Fund, Standard Bank and Baker McKenzie. www.thetimesofafrica.com
Moderator: David Ashiagbor, Coordinator, MFW4A Secretariat
Speakers: Hugues Kamewe-Tsafack Financial Sector Advisor, MFW4A Secretariat
Wildu du Plessis Head of Banking and Finance – Africa, Baker McKenzie
Kevin Holmes Head – Trade, Product Management, Transactional Products and Services, Standard Bank
Ruurd Brouwer CEO, TCX Fund
Intong Eric Monchu Senior Manager – Trade Finance, Afreximbank
THE TIMES OF AFRICA
| 31
WEBINAR About Presentations The plunge into the major stock market indices since early 2020, including Nikkei (-22%), Dow Jones (-24%) and FTSE (-29%), illustrates rising foreign investor pessimism in the light of global growth prospects. The key commodities exported by African nations have seen their prices drop sharply in commodity markets with the exception of those with a price which has risen in recent months and which serve as a safe haven asset in time of crisis. Since January 2020, the price of oil has plummeted by more than 50% while other commodities
In addition, the health crisis of COVID-19 has triggered a lot of behavioral changes among financial players. As the global economy is poorly impacted by sectors such as transportation, manufacturing lines and tourism, there are large capital outflows on regional financial markets. In recent years Africa has undergone a sharp drop in cash flows. Thus access to foreign currencies – such as dollars , euros, yen and yuan – is rapidly deteriorating, which means that African borrowers (government and enterprises) have higher interest rates on the international financial markets.
sized enterprises through their central banks. As far as DFIs are concerned, they are doing their part in helping African financial institutions. In order to enable commercial banks or other financial institutions to sustain a mainstream economy, regional, bilateral or multilateral partners have developed structures and facilities. For example, the PATIMFA-a US$ 3-billion facility-was launched by Afreximbank to assist member countries with the adverse impact of COVID-19 political , economic and health shocks. In the longer term, the large domestic
like minerals and precious metals have
The central banks establish support
savings pool in various jurisdictions in
declined between 10 and 30 percent.
structures, through monetary easing
Africa offers an opportunity to plan and
The rapid fall in commodity prices
policies, for governments and financial
finance better business transformations
significantly jeopardizes export profits,
institutions to minimize cost of capital.
in the region and form new post-COVID
public finances, sustainability of foreign
Such regulatory interventions combine
economic models.
debt and development prospects in the
with government fiscal stimulus to
major economies of the continent of
maximize the effect of economic
Africa.
shocks on their investment plans on
Also addressed by COVID-19 are legal matters, especially with regard to the execution of trade agreements. ‘Force Majeure’ provisions and other definitions (e.g. material negative impact) can be used for reducing or denying the duty of co-contractors to pay. In addition, many businesses, especially in the African region, are expected to face financial and legal problems associated with supply chain disruption and lack of insurance on business continuity. Organizations
the domestic private sector. These central banks and government policies should help financial institutions better meet their liquidity requirements in the short run and maintain their support for the real economy to some degree. Existing pressures must also be taken into consideration on foreign exchange markets and currency reserves. Inflation, servicing of the debts, and external and fiscal imbalances can exacerbate even more the financial damage in Africa.
During the Q&A, panelists were able to remind the participants on the strategic importance of credit guarantees and assurance mechanisms to release the loan capabilities of financial institutions. Moreover, such risk-sharing mechanisms may partly be built on the liquidity of local currencies to mitigate the risk of external loans or borrowing. Secondly, as liquidity becomes increasingly scarce, new
guarantee
facilities
provided
by multilateral and bilateral financial institutions will minimize the effects of averting risk and allow for increased funds in developing countries from local
may thus be exposed to increased
Banks in Africa welcomed central bank
or multinational financial institutions.
cash flow and liquidity management
initiatives to alleviate the economic
Both multilateral and bilateral partners,
risk, deteriorating credit ratings and
/ financial impact by implementing
with funding of USD 3 and 10 billion
potential financial distress situations.
quantitative
But
respectively, are planning solutions
Government distancing steps often
banks continue to face rising liquidity
tailored to their loan portfolios and
make the paper-based administrative
limitations
liquidity needs from customers in the
procedures difficult and encourage
monetary capital, negatively impacting
African
businesses and the public authorities to
multinational and small and medium-
facilities launched by the Afreximbank
use digital methods, like e-signatures or
sized businesses’ lending capability.
and the AfDB in response to the effects
virtual meetings, instead.
For example, East and West Africa have
of the COVID-19 on the continent AfDB.
easing in
policies.
foreign
and
local
financial
industry
following
supplied liquide for small and medium-
32 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
JOURNALIST OF AFRICA
Tribute to unconventional Journalist of Africa Image of investigative journalist Anas Aremeyaw Anas Photo Credit: Vice
Anas Aremeyaw Anas He is a well-known reporter who takes
traffic. He revealed police officers who
Prize (2nd African Prize), the Directorate-
on many interesting roles which lead
were collecting bribes. Among its other
General on Development of the European
to the poor being brought to justice.
projects is going undercover as a cleaner
Commission,
President Obama praised Anas during his
in a big brothel, as a wealthy businessman
Award in Kenya and the Journalist of
visit to Ghana. Anas was born in Ghana in
who discovers government workers
the year from Ghana GJA Journalists
the 1970s. He studied at the University
at a Ghanaian non-citizens passport
Association (GJA). In 2015 and 2016,
of Ghana and boldly refused to work
agency and teams with Al-Jazeera’s
Avance Media ranked him as the most
with the Ghanaian Times after school. In
Fake Doctors in Nigeria to expose
influential
1998, he decided to pursue his career
sham doctors that exploited vulnerable
currently serves as CEO of Tiger Eye
with the Crusading Guide. Since then,
populations. Some of the awards which
Private Inquiries and Executive Director
he’s been struggling and trying. His first
Anas has won include the Heroes Acting
of the Tiger Eye Social Foundation.
job was as a road hawker – people selling
to End Modern-Day Slavery Award from
goods on the street, generally in busy
the United States, the Lorenzo Natali
www.thetimesofafrica.com
the African Achievers
young
Ghanaian.
Anas
THE TIMES OF AFRICA
| 33
JOURNALIST OF AFRICA
Image of journalist, Sorious Samura Photo Credit: Sheffield International Documentary Festival
Sorious Samura 54-year-old, Samura is a journalist from Sierra Leone.
Tabu informative film. Samura has also provided three additional
His widely acclaimed Cry Freetown and Exodus from Africa
shows called Hunger, Living with Corruption and Living with
documentaries were broadcast on CNN. Cry Freetown won both
Refugees. He is now director of UK-based Insight News TV, an
Peabody Awards and Emmy Awards for him. Samura reported
independent TV channel that deals with international current
in 2010 on how homosexuals were treated in the Africa Last
affairs.
34 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
JOURNALIST OF AFRICA
Miss Yusuf was born in Somalia and grew up in the Netherlands before moving to London, where she went to university CREDIT: PHIL COOMES / BBC
Late Hanna Yusuf Her research has included a study
who had a lot of admiration for her
graduated from Queen Mary University
of working conditions at Costa Coffee
family and many of her friends and we
in French and in Spanish. In 2015, she
Stores and was a reporter on the BBC
were very fond of her. Hanna was born
released a video explaining her decision
News site. The editorial director of the
in Somalia in 1992. After her family
to wear the hijab, claiming “it’s nothing
BBC News Kamal Ahmed announced
grew up in the Netherlands, Miss Yusuf
to do with oppression. It’s a feminist
Miss Yusuf, speaking six languages
moved into the UK. Before joining the
gesture.” In 2017, she spoke on Good
including Somali, Arabic and Dutch, as
City University in London, she completed
Morning Britain after the European Court
“one of our best-known stars.” Director
the MA in Newspaper Journalism, which
of Justice granted employer power
of BBC News Fran Unsworth stated,
provides financial support to youth who
to ban all the political, religious and
“Hanna was a talented young journalist
want to pursue a career in the media, she
philosophical signs at work.
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 35
FACE-TO-FACE to the health sector. Africa Heads of Government agreed that 15% of the total budget of member countries be allocated to the Health Sector in Abuja 2001. The actualisation of this Abuja Declaration would go a long way in
improving
health
sector
performance and sustainability • Decreasing Out-of-Pocket Spending by Households. Most households in Africa do not have a prepayment arrangement to access health care services. They, therefore, lack financial risk protection. This affects close to 70% of households. Any program that could decrease this risk is worth venturing into. A prepayment arrangement would be necessary. •
Public-Private
Partnerships.
A
mutually beneficial public-private arrangement could turn around health
care
service
delivery.
Government and the private sector could complement each other’s strength to improve overall health Interviewee: Dr Saidu Aliyu Gital Permanent Secretary (Rtd), Ministry of Health, Bauchi State, Nigeria Interviewer: Atlanta Mahanta, Sr. Multimedia Journalist, THE TIMES OF AFRICA
Theme: Health Care Quality in Africa
care service delivery. •
Donor/Overseas
Development
Assistance. Many countries can access support from donors mainly from overseas.WHO, World Bank, Bill & Melinda Gates Foundation, Dangote Foundation have all been known to support African Countries finance health care. This assistance,
• Social Health Insurance Scheme for
however, has to be coordinated in
needed to improve the sustainability and
Formal Sector
order to avoid duplication and to
performance of African health systems?
• Donor/Overseas Funding
ensure maximum utilisation.
Q1. What health financing reforms are
For the reason that there is no size that
A1.
The essential elements in health
fits all in health care financing, reforms
financing reforms in Africa for over a
needed to improve the sustainability and
decade have been the following:
performance of the health system will
• Government annual budgeting mainly
focus on the following:
from general tax revenue
• Increased Government’s spending in
• Direct out-of-pocket payment by
the health sector by way of increasing
households
the
36 |
THE TIMES OF AFRICA
annual
budgetary
allocation
www.thetimesofafrica.com
FACE-TO-FACE •
A comprehensive Social Health
for duplication of programs and waste of
robust social health insurance scheme
Insurance
resources.
and coordinated donor support program.
Community-based Health Insurance.
Q3.
help achieve 0ther public health goals?
Q5.
The Scheme should not stop at the
Scheme
to
cover
Formal and informal sectors and
How can health financing reforms
National level but extended to all
A3.
states of the federation
health for the whole population. A health
financing reforms have Countries tried?
financing that ensures equity in access
What has worked?
to health care services will therefore help achieve other public health goals.
The health financing reforms that
This is embodied in a Comprehensive
have been tried by African Countries are
Health Care Financing Scheme. Such a
the following:
scheme covers the following, among
•
Government
annual
budgeting
the
Government
encourage the private delivery of health care services?
What approaches to health
A2.
can
Public Health Goals hinge on
disease prevention and promotion of
Q2.
How
others:
A5.
The delivery of private health
care services on the continent has always been in the interest of the government because they complement the inadequacies in the public provision of services at all levels of care. For instance, in Nigeria, close to half of Family Planning acceptors obtain their supplies from private outlets. In the
mainly from general tax revenue
•
Formal Sector
same vein, private sectors contribute
Direct out-of-pocket payment by
•
Informal Sector
significantly to increase immunization
households
•
Community-Based Insurance
coverage especially among the rich and
Social Health Insurance Scheme for
This scheme accords financial risk
affluent citizens who are reluctant in
Formal Sector
protection to almost all segments of the
presenting their children and wards for
Donor/Overseas Funding
society in terms of access to health care
immunization in the public immunization
Government annual budgeting worked
at all times, thereby helping to achieve
centres/sheds.
until such a time population growth
other health goals.
• • •
The government can encourage private
and its consequence on health care
health care delivery by providing not only
services delivery could no longer be
Q4. Can people afford to pay for health
accommodated by the usual paltry
services?
the enabling environment but also the
A4. People can afford to pay for health
the delivery of such services. The federal
6% or less budgetary allocation to the health sector. Out-of-Pocket Payments for health services by the households
services especially if out-of-pocket
have increasingly been unaffordable,
expenditures are decreased through a
legal and regulatory framework to enable and state Ministries of Health, through the Private Hospitals Registration and
thereby leaving patients to lack financial risks protection. Challenges in rolling out the formal sector Health Insurance Program through the National Health Insurance Scheme have almost rendered it dysfunctional. This is even when the scheme was limited to the formal sector alone, to the detriment of the informal sector and the communitybased
insurance
scheme.
Donor/
Overseas funding has relatively worked. This is because such funds come with a well prepared and cost budget and implementation timeline. But lack of coordination of such support gave room
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 37
FACE-TO-FACE Regulating
Authorities
control
the
private Medical Outfits in a mutually beneficial manner.
Interviewee: Chelvin Ramsamy Special Assistant Advisor (Regional Integration) for the African Union. Interviewer: Atlanta Mahanta, Sr. Multimedia Journalist, THE TIMES OF AFRICA
Theme: Racism in Africa Q1. What are the possible strategies to
many years. And it is also multifaceted.
manage xenophobic bullying?
So it comes in different forms. It may be a school, it may be at the place of
A1.
Hello, I am Chelvin Ramsamy and I work as Special Assistant Advisor for the African Union in Ethiopia. So as part of my work in the regional integration department, I deal with all the 55 African countries. Thank you for the question. So I think that is not exactly bullying but it’s racism, because it’s deep rooted in, for
38 |
THE TIMES OF AFRICA
work. It may be in the society itself. We see it in all the African countries and it comes in different forms. So if you go to South Africa it is fine, but it’s not the same as here in Mauritius, in Ethiopia it might be different where there are more fair people. It differs from place to place. Going back centuries, we have actually
seen the history of all the racism itself in Africa, if we look back 30 years from now, in the year 1990, so in South Africa, there was the Apartheid that ended. And this was all due to the efforts of one man, as we knew it’s Nelson Mandela. So he showed us a way that we can manage xenophobic bullying in Africa would be through our commitment of young people. Young people are the advocates, so we can sign petitions with the system, lobbying the government, we can go against the system and show where they’re all failing to understand the potential of young people and how we want to represent the continent. I have also noted the recent case of George Floyde murder in the U.S. which has triggered african emotions to start the protest again against racism. There is another way to end xenophobic bullying would be to write and draft letters, sign petitions for example, UN, human right council, we can highlight the issues and make the government accountable, how things should be and where things are going wrong in Africa. We need dynamic citizens. I would say, the mass plays a critical role in Africa. Because Africa, as you might already know, it has the largest population of young people in the world. And by 2050, we expect that the number of our people in Africa will be twice the number of young people compared to in Europe and Asia. So this is really how we see it and is really a huge asset. There is also a negative side but the young people are the future. They can be the one who would change the future of the world and manage xenophobic bullying in Africa. So my bet would be for the young people who deal with people, they are more dynamic, they are more critical about analyzing things. And also they know how to use advanced technology and make a better african continent by managing and ending xenophobic bullying in Africa.
www.thetimesofafrica.com
FACE-TO-FACE Q2.
How does transnationalism redefine racial discrimination in Africa?
A2. So, the first thing that we must note here that you must understand here is what is transnationalism. Transnationalism refers to the diffusion and extension of social, political, economic processes in between and beyond the sovereign jurisdictional boundaries of nation-states. International processes are increasingly governed by non-state actors and international organizations. I would define between the different people from different nations, different states, different countries and their cultures and how they can come together for a better one for better society and work together as one big family. In Africa, we have seen for several years there has been racial discrimination, the Europeans they came here, they took slaves. This was in the past, but now when interacting with each other, it opens the gateway, it makes people more broad minded. When you interact you come to know the different lifestyle and habits which contributes to the big picture representation of a culture. You get a different perspective with more compassion and you also become more helpful to people. Infact, transnationalism, we see that in many countries now in Africa, for example let me take my example. here , in Mauritius, where we have Hindus, Christians, Chinese, Muslim people, we call it rainbow nations. We handle our differences without discrimiation especially in my circle. In this way we may blur all kinds of racism. Why transnationalism issue is more important than ever before today, I would say it from a perspective of the African Union and Regional Integration, we have “African Continental Free Trade” agreement (AfCFTA). It was supposed to be implemented this year but due to COVID19 we had to postpone it to
www.thetimesofafrica.com
2021. It is based on the premise as one single continent and all countries would come together for trade. It breaks trade barriers, for years, we have seen that trade between African and European countries and other countries are rising. But trade among african countries is very low. It is expected to build the relationships between different nations in Africa. We are also envisioning having a single currency. Trading will become easier than ever before. This will also lead to a visa free continent. This transnationalism will help diminishing of racial discrimination.
Q3. Will the practice of cross-culture interactions and marriages blur the stereotypical eyes? A3. With practice of cross culture interaction, in this contemporary century I would say we see many examples of intercaste, interregional marriages. People are more compassionate, and its collaboration of two different communities, states, nations which led to reduce discremination and also racism. It has brought more acceptance and adoption of different cultures and lifestyles. We have our global citizens in promotion of these practices. The world is a small village where everyone is connected and can live together. It is already happening if we pick any country and will find citizens from many other countries in universities or work space. The concept of global citizens is already established. In order to promote crossculture marriages, it is also important to consider the level of education as I have said education is the most powerful weapon, which you can change the world to educate the people who come to you and to educate the communities in Africa and also around the world. And through education platforms why not try to change the mindset of the people, why
not promote cross cultural interactions. This is the kind of world people are dreaming of. This dream should come true for us.
Q4.
Thank you for highlighting the better side. What about the drawback? I wouldn’t say negatives, but the drawbacks. In any interfaith marriage the differences are more that the child struggles to adopt the lifestyle from both sides and acceptance in the society is bais. How can this child who is a hybrid can tackle this situation?
A4.
It depends on the mind set up of the society. Right from the school it starts. We can’t change others but ourselves first and at least in this matter of acceptance and adoption. I would actively recommend and say that social virtual groups can do is to go to the front and explain to these communities about differences and how to live together by complimenting each other. This is only how we get the progress. We can at least try to educate people and sensitise regarding these issues.
Q5. To what extent would you attribute racism in modern society to racial mythologies? A5.
We have read about apartheid system ending in south africa long back. The apartheid system in South Africa was ended through a series of negotiations between 1990 and 1993 and through unilateral steps by the de Klerk government. These negotiations took place between the governing National Party, the African National Congress, and a wide variety of other political organisations. The notion was the same as living in harmony in Africa or the US or UK. But some issues took its root between the black people and the white people in the city of Bridgestone, Cambridge. When people actually do
THE TIMES OF AFRICA
| 39
FACE-TO-FACE it to find the tribe to vindicate for the rights, they try to protest for their rights. It was then and now things have not changed yet. If we take the case of George Floyde as an example in 2020. In modern society we must raise questions on digital platforms which is very easy to access these days. Because for example, these white people, these younger generations, I would say they have a role to play to be a responsible citizen. Each individual matters how they react and think. We need people in there as of today in the U S in particular, this racism is a huge problem. It is increasing day by day and getting worse day by day. Our generation is responsible for projecting it to different directions. Nelson Mandela is an icon for us to make us believe that a dream can come true. But now our dream is different. It’s not only limited to the nation but the world. Also, we are becoming diaspora in many other nations. We have to make it accountable as racism was legal long back as slavary, capitalism, colonialism. I have visited many african countries, we deal with african embassies, at my personal level and professionally to contribute in the development of the
40 |
THE TIMES OF AFRICA
continent. I can write to them for the schemes, conducting meetings with foreign affairs, conducting sessions, bringing interconnection relations with other different continents. This session breaks the ice between africans and other people from different continents. Foreign affairs and embassies are the one who deals with other countries, we get the real information from other countries. And where and how I can move forward addressing the progress of African Union. We highlight problems and solutions and later implementation of the solutions that’s why open discussions are very important.
Q6.
How do we tackle the root of racism through education, cultural awareness and the environment?
A6.
As I have previously stated, it is deep rooted in our society. It’s been a part of society for several decades. I’ve seen it between the African countries and the European countries. For many years, we have seen how the French, before they came to Africa, they came here, the project colonized many parts of Africa. They will certainly in India, the British people, they’re also in India. And
how can we tackle racism with the help of education? I believe in that, as I said, education is the most powerful weapon through which we can change the world. We should target people from a very young age. We can teach them that the system that has been running, we should explain to them that this is the system that has been happening for years. But yes, there are changes right from kids, education, incubating them, the values, norms and how to respect other people, cross culture and accepting the differences and how to live together as one family. And when they grow up, we know I’m sure that when they grow up, they will become responsible citizens. They might become leaders who run the world to move towards and make a better future. How can we tackle the root of racism, control of cultural awareness starts from the family. I think here, the government has a very important role to play. In fact, the minister of family planning, he or she has a critical role to play. He/she must go to different communities personally, officers over there. And try to inculcate not only the kids but the family members, the parents themselves, they should try to become more compassionate, try to think of a better future, try to think of better tomorrow in the context of cultural awareness. It’s all interlinked racism will fade away if u inject the information in the right way and at the right time. Environment refers to the people you live with, socialise with, friends and society. Let’s take a rough example of our food habits, outfits, these are their identities where they exchange information. They form the link. And the government and media also have a very important role to play as most of the information people consume from the government portals and media houses which forms portrayal of the communities. It starts from me, to blur or to erase racism, as a citizen, as state advisor in office space, as family member, how we react and act to things. www.thetimesofafrica.com
FACE-TO-FACE in that area. Small holder farmers and subsistence farmers produce a lot of products which some end up throwing away.
Q3.
Looking at this situation of
COVID19, how this startup will run as the demand for groundwork is high, do you think that this would be a good idea in this crisis?
A3.
Since the onset of the Covid
19 induced lockdown many people especially youth and women have turned to farming or just gardening. They are producing more than they need hence I do not necessarily need to do the farming myself but just to buy excess produce farmers.
from
these
subsistence
These are people doing
agriculture in their backyards so they are producing products which I think needs to be preserved for the future, for post-covid-19. The opportunity is there because so many of them have Interviewee: Yvonne Shumbanhete AAYFO Regional Director SA Region (Entrepreneur), Zimbabwe. Interviewer: Atlanta Mahanta, Sr. Multimedia Journalist, THE TIMES OF AFRICA
Theme: Startup Potential in Africa Q1.
If you were to launch a startup in
soils and it is very easy for one to start
Africa today, what sector would you
farming but there remains a need to
target?
preserve or add value to the produce. Since the onset of lockdowns many
A1. If I were to launch a Startup in Africa
people are doing farming but very few
I would target the manufacturing sector
are
specifically I would go into the food
adding in order to preserve or to give
processing industry.
the market variety. They end up losing
Q2.
Any specific reason why the food
sector out of all the sectors?
A2.
Africa has some very good rich
www.thetimesofafrica.com
processing the food or value-
land in their backyards so most of them are turning to farming as something they are doing to pass time during the lockdown. This is an opportunity to do it because I am going into processing what is already being produced by other young people. I am about to just process and make various products that are balanced in nutrition and taste better for consumers. Helping young people make money out of their small produce while contributing to the fight against covid by providing nutrition. This will help in ending poverty and hunger while this will be some decent work for young people leading to economic growth.
the produce to rotting or other things.
Q4.
Processing food helps in combining the
agriculture firms, for example, Modern
right nutrients and improving choices
Agro, they came up with a different
for consumers. I anI see an opening
kind of technology so that the farmers
We see a lot of online innovative
THE TIMES OF AFRICA
| 41
FACE-TO-FACE can navigate and get all the data in their
field on the go sounds great too for
best is to start with what you have and
smartphone, using drone technology
young people with very busy schedules
get some well-wishers to put in as we
etc. what is your opinion on this
and for those who do farming as a
are already giving back to the community
convergence?
hobby too. We are in the 4th industrial
in taking the products that are being
revolution and technology is the way to
produced by young people within the
go and it is easing so many things.
community so there is an opportunity
A4.
Technology is the way to go.
collaboration
with
some
to actually use opportunities to ask for
farming
technologies that are coming out now,
Q5.
is very important especially considering
funding and expand your startup?
the sustainability of this project. Many
What is the best way to attract
grants from different organisations in order to scale up and assist more young people to make a living and also to boost
are doing farming at home as they are
A5.
The best way is to actually look
the immunity of the communities to fight
stuck at home due to this lockdown
at opportunities within the context of
COVID19. In a way this is also feeding
but may go back to work one day. Post
COVID19 and I would say that we are
into the Sustainable Development Goals.
COVID19 they cannot leave farming to
looking at increasing nutrition because
We are fighting poverty and hunger
go to work but they should continue. The
with COVID 19 there is a need for one to
while creating decent jobs. Encouraging
technology will help a lot in keeping the
boost their immunity with nutritious food.
young people to engage in farming is
projects going. It will also increase their
In attracting funding we would align this
also a form of climate action. Working
yields on their small piece of land while
to giving young children and pregnant
for Sustainable Development and with
preserving resources such as water
women nutrition, they need to boost
a mindset of Sustainable Development
which remains scarce. This will reduce
their immunity against COVID19. There
attracts funding.
their cost of running the projects. Using
is an opportunity to actually collaborate
modern technology in agriculture would
with the ministry and frontline workers
Q6.
mean less investment which is good
within the fight against COVID19 for
for African entrepreneurs today and how
for young smallholder farmers. Being
them to see a reason to actually help
can they deal with them?
allowed to monitor your progress in the
our startup to expand. Also, I think the
42 |
THE TIMES OF AFRICA
What are the biggest challenges
www.thetimesofafrica.com
FACE-TO-FACE A6.
Our biggest challenge in Africa,
right now, is that Africa did not really
remain small and contribute little or less
the business. On the other hand they
to the growth of their economies.
can make calls for the start ups to come forward. It may also be important to work
participate in the 2nd and 3rd industrial Revolution and as I have mentioned earlier
Q7. How important is finding a mentor
with local players to assist in identifying
that the 4th industrial revolution is upon
when it comes to growing your startup?
them as some still do not have access
us and it is affecting every sector where
to the internet while others do not have
everything is going with technology or
A7.
Finding a mentor is very very
knowledge to use the internet. In the
online but here in Africa, we are still a
important when one starts a business
context of covid 19 investors need not
little bit backward in terms of upgrading
as a startup. It is actually important
look at the current status but use the
technology. We are trying to fit into the
due to the fact that most of the time
history of the individual start ups Many
4th industrial revolution but because
we are starting something with limited
startups have taken a backseat. On
we are not manufacturing anything the
resources so we wouldn’t want to waste
the other hand, there is an opportunity
infrastructure is too expensive for us.
those resources. Doing some trial and
for investors to assist these startups
We sell raw materials to buy finished
finding errors, you want somebody who
and value what they have done before.
goods hence we end up using all our
has gone through the same process,
How they can fix their way in this crisis
income to buy a few things. We missed
who knows the possible outcomes
situation that they are in because if
at least two Industrial Revolutions hence
and errors to avoid and will guide you. A
we are going to look at people who are
we are trying to follow behind. As we try
mentor will give you the right information
doing something within the context of
to catch up with what is up in the world
about what you should do and to
COVID19 we have got so many talented
right now some of the things change
minimize your mistakes, your losses and
young people who will be left behind.
again so it is becoming a challenge to
to enable your startup to actually grow
Lastly, The one thing that I can say is
catch up.. While we missed the second
because the smallest mistake that you
for young people who intend to put up
and third industrial Revolution we still
can make in a startup can cost you so
a startup together. It is always best to
have opportunities to overcome these
much so when you have a mentor who
start something than nothing because
challenges through collaborations that
is there to assist you and to give you
young people take most of their time
take advantage of the global village. For
the right advice and probably somebody
looking for investors when they haven’t
example the existence of t organizations
who has gone through the road before,
started anything. Most investors are
like AAYFO is helping us learn from our
they can give you the right cushioning
interested in something that is already
peers in Asia and the ties we have will
against some unnecessary blunders. It is
existing and established. No matter how
yield better results in idea sharing and
not necessary that a mentor should be a
small your startup is you must believe in
coming up with more innovations that
person; it can be other sources too. We
yourself then only investors when they
can help Africa catch up quickly. AAYFO
must believe in ourselves.
come they can believe in your vision and
opens up opportunities for peer learning which will change the future of Africa and improve it’s it’s innovation. The future of Africa is in innovating for itself and
Q8.
the idea that you are giving out because How should investors find and
value startups in Africa?
so many people they can talk about ideas, in terms of implementing those ideas, it is a different thing altogether so it is best to
making sure more manufacturing is done
A8.
In terms of finding startups, it is
start with what you have. I would give an
in Africa such that it becomes cheaper
very tricky in Africa, in that sense we
example of myself when I started farming.
for Africans to use the latest technology
definitely have to go back to the issue
I used my kitchen utensils as garden tools
and machinery in their projects.
of global villages online where people
and now I’ve been able to buy some variant
Another challenge which is equally big
have promising startups and business
tools so it’s very important to start from
is the inability of African Governments
models, should go online and put their
where you are and start with what you have
to fund their own startups in their
credentials letting the possible investors
don’t wait as prolonged waiting becomes
countries. They can’t provide funding
know their existence.
procrastination which is a recipe for
and support hence their start up ideas
browse different platforms to look for
www.thetimesofafrica.com
Investors can
failure.
THE TIMES OF AFRICA
| 43
VIRTUE BABY
Tackling stress during COVID19 The
universe
offers
more
than
everything to us, your baby inside your womb is a powerful and a very special gift from the universe. If you are going to deliver a baby in the coming month, the chance of you experiencing more anxiety is completely natural. You are in transitional energy to become a mother. Spiritually
and
psychologically,
an
expectant mother should always turn the negative into positive. Avoiding negative will never help your baby, in fact facing the negative situation and tackling it will make your baby even stronger. As a well-informed mother, you must check facts of the current situation and your surroundings.
Healthcare
providers
are suggesting especially for pregnant women to take extra precautions and not to take any chances for exposing to any kind of disease. There is very limited data on the effects of COVID-19 on pregnant women. The data available so far is limited,
vertical. An analysis of the 33 newborns
has been the nearest relative of the new
but pregnant women do not seem to be
that had been born at Wuhan Children's
coronavirus to pregnant women. The
more likely to have severe coronavirus
Hospital where only three were exhibiting
children who were born a century ago
symptoms than anyone else. According
symptoms of the virus.�
during the Spanish flu pandemic of 1918
to a study released by the World Health Organisation, only 8 percent of women had serious diseases and 1 per cent had vital conditions. Dr. WeiZhang, the Northwestern University epidemiologist,
Pregnant
females
exposed
to
infection during the influenza pandemics of 1918 and 1957 were very less in number. For example in the past, only 12
and one of the authors of the Lancet
pregnant women who developed SARS
reports said, "Fortunately there is no
during the 2003 epidemic, 9 out of 12
proof that mother-child transmission is
have survived the coronavirus. SARS
44 |
THE TIMES OF AFRICA
is also an example. Historically, global responses to outbreaks and epidemics have not properly represented pregnant women's cases. Therefore, we must not assume things but focus on what is in our hands.
www.thetimesofafrica.com
VIRTUE BABY
DO’s
DONT’s
Meditation
• Talk to family and friends. It can help you to speak to people whom you trust. Happy video chats!
• Don’t sit idle and think of the possible negative outcome.
• Concentrate on your “Breathe”
• Avoid “what if” thoughts.
• Be with nature for some time.
• Cooking what you love to eat but making sure it is healthy. • Sleep happily and be at your comfort. • Watch funny videos and good movies. • You also simply can look at a beautiful painting or be at your garden listening to nature. • Listen to relaxing music or any of your favourite music. • Talk about old happy memories with your loved ones. • Rediscover your hobbies which you can practise during your pregnancy like painting, reading books (the positive one). • You can also start learning new innovative stuff from the internet.
• Don’t talk or discuss the virus more and more with your friends and family.
(garden, balcony, under the skyrooftop) • Movement of your body is very
• Don’t consume too much news, it will only create havoc and stress.
important. If you sit or sleep the
• Don’t let fear dominate your mind and body.
grow more stress.
• Your child should not know how this COVID-19 is affecting others in a negative way. • Avoid visiting places, even your relatives. • Avoid using too much social media. • Avoid your hands from frequent touch to your mouth and nose especially. • Don’t order food from any ecommerce website for now.
• Do exercise which you can (depend on pregnancy week).
• Avoid doing any activity which includes the involvement of people.
• Do mediation to keep yourself calm and decrease the level of anxiety and stress.
• Don’t smoke, drink(alcohol) and avoid narcotic stuff.
www.thetimesofafrica.com
(some slow and deep breathing)
entire day will have a chance to
• Stand-up and check your arms, legs and feet for a minute. • Visualisation: positive and mesmerising scenario like you are walking near a beach or into a forest depends on what makes you more relaxed. • Deep belly meditation- gently cradle the baby by putting your hands on your belly and focus on your breathing. • Pick up a powerful healing mantra. There is a lot of power in our words.
THE TIMES OF AFRICA
| 45
VIRTUE BABY
COVID19: Preparing yourself during Pregnancy
Pregnant women at this time have to take extra care of their health. All of you must be ready and prepare for this situation. Educate yourself on COVID-19 from genuine sources. Don’t fall for fake news. Maintain a routine of properly balanced diet along with exercise to ensure good physical condition. Discuss all your concern with your antenatal care provider. Keep the over-the-counter medicines with you to treat common cold or fever. Have enough healthy food and household items and avoid panic buying in advance. Make your thought process positive and normal to comfort your baby. Engage yourself in creative work like reading a book, painting, cooking, listening to music etc. Your hobbies will maintain your mental health. Activate your social networking accounts and talk to your trusted friends and family members with whom you feel comfortable. Follow instruction from national authorities on how to prepare for emergencies. Maintain a proper sleep cycle as sleep is not a luxury but a nonnegotiable biological necessity.
Major points to be followed by pregnant women:
A Healthy Balanced Diet
Maintain Sleep Cycle
Start Meditation
Daily Observation on Yourself (how you feel and physical changes)
We all are aware of what are the basic things which we must do and follow but in most cases, people couldn’t maintain the cycle. The secret of the will power for
Connect Yourself with your Baby (by sharing all positive thoughts)
changing the habit is to remind the purpose.
46 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
SPORTS
Africa cup of Nation 2020?
The 2021 Africa Cup of Nations
from 9 January to 6 February 2021,
(also known as AFCON 2021 or CAN
due to adverse weather conditions. On
2021) will be the 33rd edition of the
30 June 2020, after the impact of the
International Men's African Football
COVID-19 pandemic, the CAF moved the
Championship organized two years from
tournament to 2022 for the third time.
now by the Confederation of African Football (CAF). It is expected that the
Decisions of CAF Executive Meeting
tournament will take place in Cameroon.
– 30 June 2020: The CAF Executive
In June and July 2021 the tournament
Committee held a meeting on 30th June
was initially scheduled for play, but on
2020, via video-conference to discuss the
15 January 2020, the CAF announced
future of competitions and other related
that the tournament would be held
issues following the COVID-19 pandemic.
Total African Nations Championship (CHAN) Cameroon 2020 The last tournament was postponed in Cameroon until January 2021. “The CAF Board of Directors is delighted with their contribution to organizing these two competitions from the Cameroonian authorities. Cameroon is organized and scheduled to host both competitions, "said Ahmad Ahmad, Chairman of CAF.
Total Women’s Africa Cup of Nations 2020 The 2020 Women's Africa Cup of Nations has been postponed on the basis of difficult circumstances. In the meantime, in 2021 the CAF Women's Champions League is scheduled to begin. The format will be shared and further information will be received on time.
Total Africa Cup of Nations Cameroon 2021 The tournament has been rescheduled for January 2022, following consultations with stakeholders, and taking into account the current global situation. The date and the rest of the matches will be announced in due course for the final tournament. www.thetimesofafrica.com
THE TIMES OF AFRICA
| 47
SPORTS Interclubs 2019/20 season
Zonal Qualifiers for U-20 & U-17 Africa Cup of Nations A conference was held for finalizing
Champions League, the 2019-20 CAF
In September, a Final four ( 4) format
plans for the zoning requirements to
Cup semi-finals for the Confederation,
resumed the Total CAF Champions
organise competitions for youth football
the postponed2020 African Nations
League and the Total CAF Confederation.
and the Zonal Unions. The U-17 AFCON is
Championship and the 2020 Cup of
Semi-final matches in one match are to
to be held in July 2021 in the meantime.
nations for Africa Women alongside the
be played.
Total CAF Champions League Venue for Final Four to be decided Total CAF Confederation Cup Morocco will host the Final Four
Between 9 January and 6 February 2021, the tournament was scheduled earlier. Between 9 October 2019 and 19
2021 Africa Cup of Nations, as football tournaments were held across the continent.
November 2019, the preliminary and two
But on 30 June, CAF, after consulting
group qualifying rounds had been played.
with stakeholders and taking into
The third and fourth round qualifications
account the present global situation,
of group phases, scheduled for (23 to
announced a reschedule, in accordance
31 March 2020) and (1 June to 9 June
with the CAF, of 2021 Africa Cup of
2020), were delayed and all qualification
Nations to January 2022, which will take
rounds were rescheduled due to the
into account the announcement of new
outbreak of Coronavirus in Africa. As
dates. Many competitions and activities
of 19 June 2020, when continental
to be conducted on the continent were
contests resumed and priority was given
subsequently reprofiled or cancelled.
to new timelines for the 2019-20 CAF
The African Cup of the Nations from 16 to 24 teams will take place in six venues in five Cameroonian cities of Yaounde, Douala, Garoua, Limbe and Bafoussam and are expected to use at least six venues. The six stadiums selected to host matches are the Paul Biya Stadium and the Stade Ahmadou Ahidjo in the capital Yaounde, the Japoma Stadium in Douala, the Limbe Stadium in Limbe, the Kouekong Stadium in Bafoussam and the Roumde Adjia Stadium in Garoua. At the newly constructed 60,000 seats at the Paul Biya Stadium, YaoundĂŠ will be the opening ceremony, the opening of the tournament and the finale.
48 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
SPORTS
Roll Ball and its prospects in Ghana Roll Ball is a team sport that combines
in 2018. The Roll Ball Federation Ghana
aspects of basketball, handball and roller
(RBFG) is the national association
sports into a single sport. In Roll Ball,
responsible for the sanctioning and
all players are on roller skates and the
development of Roll Ball in Ghana.
objective is to score goals by shooting
RBFG is focused on forging strategic
the
partnerships that allow us to strengthen
ball
through
opposing
team's
goalposts. Invented in India. A match is
our
played between two teams with 6 players
initiatives, and create meaningful public-
each with a designated goalkeeper.
private alliances.
The duration of the match varies based on what level the game is played at. At the professional level, matches are played for 20-minutes in each half. The main objective of the game is to score maximum goals within the stipulated time. Players are not allowed to carry the ball. The ball can be moved by either dribbling or passing. While dribbling, unlike basketball, players are allowed to use both hands. ROLL BALL was introduced in Ghana by Mr Johnson Kwaku Gameli Kportufe
resources,
promote
positive
Our commitment goes beyond the game of Roll Ball. It focuses on the game of life merging passion, purpose, and athletic performance. Roll Ball Sports adds value to the core values of Selfworth,
Determination,
ConďŹ dence,
Respect and Loyalty. Roll Ball is not only about on-the-court wins, it is about winning in life and on-the-court achievements.
We
empower
every
teammate to work harder, smarter, and get better on the court, at home, in school and in the community at large. As part of its mandate, RBFG strives at bringing jobless youth out from the streets, to eradicate streetism, to promote employment to the youth, to promote tourism, to promote bilateral relations between countries, to also create an avenue where companies can meet and promote products and services. Like all other sports, it is for the physical and mental development of athletes. With Roll Ball present in all the sixteen regions in Ghana, it seeks to promote intercultural relationship, peace and unity. It empowers communities and supports schools in providing a diverse range of opportunities for participation in a sport. It also keeps students busy in sports and not idle or engages in unproductive activities.
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 49
EN VOGUE
New Fashion Colors in Africa Designer Nimco Adam, who was a native of Somalia, was known as Queen of Tie Dye and spent several hours in the collections plunging fabrics into vats of chemical dyes. The designer Adam has pivoted chemicals and synthetic materials away from more than 55 fast-mode businesses like the retailer
50 |
THE TIMES OF AFRICA
Forever 21. Today she uses traditional
Since March 2019 the Alliance has
African hemp, bamboo and even tree
been supporting coordinated measures
bark textiles. Her dyes are natural, like
in the fashions industry to contribute
turmeric, extracted from the roots.
to Sustainable Development Goals, an
These changes put her at the forefront
umbrella group consisting of various
of the movement of sustainable mode.
UN and partner agencies including
The smarter and sustainable way of recovering from the tremendous losses caused by COVID-19 is for a global fashion industry of an estimated US$ 2.5 billion per year. In May, Bloomberg News announced the $1.5 billion worth of order cancels in garment plants in Bangladesh, a clothing center. In the meantime, worldwide fashion and luxury sales have plummeted to 70% between March and April.
the UNEP, the International Labor Organization and the World Bank Group. The Alliance is supporting brands in setting sustainability targets, protecting workers – especially women – cutting waste and limiting carbon emissions, with attention to the private sector as well as to governments. Lastly, 8.1% of the greenhouse gases produced annually are the responsibility of the fashion sector.
www.thetimesofafrica.com
EN VOGUE Sissi Chao runs the Remake Hub, a Chinese company which produces clothing and consumer products using recycled plastics. After growing up watching clothing factories of her parents contaminate a local river, her dream was that she could find another way to be part of the fashion industry. Now, the Remake Hub produces all types of materials, from eyewear to clothing and home decorations. Even her parents have taken on creative technology to make their bank leads more competitive. As
ambassador
for
Fashion
for
Conservation, musician Elle L, London, has been encouraging similar talks in the British fashion industry for the past three years. It is of the opinion that countries should imitate France, which passed in February, the law which obliged clothing companies to comply with more than 100 sustainability provisions Sustainability and upcycling was the natural reaction of Nkwo Onwuka and its eponymous brand Nkwo to the glut of second-hand clothing that was dumped into markets in its own home town of Lagos, Nigeria. From the piles of mass produced denim that landed outside of the world she began spinning her own dakala clothes, combining conventional techniques such as hand beading with new innovations to produce unique collections of capsules. This push is boosted by increasing consumer demand for ethical and sustainable fashion, especially the highly desirable demographic known as Generation Z. Roberta Annan, Ghana’s entrepreneur, launched in 2011 the African Fashion Fund to increase artisans and creators across the Continent’s access to finance and infrastructure. She insists that sustainability should also lead to fair pay and financial empowerment www.thetimesofafrica.com
THE TIMES OF AFRICA
| 51
EN VOGUE
EN VOGUE
– especially for women – and can not be limited to materials used in the production of beautiful things. Since its creation the Fund has provided US$ 5,000 to craftspeople to help increase their production and market access, emphasizing brands run by women, including a cosmetics company and a manufacturer of craftsman chocolate. Although COVID ‘s business impact is not minimized, Annan and her Fund colleagues are determined to make use of it as an opportunity to speed up a plan already under way for deliberate e-commerce. There is already a digital platform; a global distribution chain is required to bring the continent ‘s goods to buyers worldwide. In addition, the Foundation has partnered with one of the original tradesmen who benefitted from seed grants in 130 Ghana and Nigerian villages, bringing portable plywood webs to weaving and selling textiles. Another advantage will be the opportunity to be at the forefront of private-government discussions, drive policy changes to open markets, and encourage innovation
www.thetimesofafrica.com 52 | THE TIMES OF AFRICA
www.thetimesofafrica.com THE TIMES OF AFRICA | 52
BON APPETIT
WHO:Food During SelfQuarantine As countries take stronger measures to prevent the spread of COVID-19, autoquarantine and the temporary closing of companies can have an impact on normal food practices. Healthy people are asked to stay home as well as those who show symptoms of acute respiratory diseases. Restaurants and taking offers are limited in some countries and some fresh products are less available. Good nutrition is vital for health, especially in times of fighting the immune system. Limited access to fresh foods can compromise chances of a healthy and diverse diet continuing to eat. The danger may be that highly processed foods, likely to be high in fats, sugars and salt, are eaten more frequently. However, you can continue to eat a diet which promotes good health even in the form of few, limited ingredients. It is also important to be physically
recipes are available online. Make
active for optimal health. WHO/Europe
the most of the richness of the free
developed
for
information available and experiment
quarantine periods, including tips and
with the ingredients that you can access,
examples of home-based exercises, to
but remember to remember the healthy
support healthy persons in staying at
eating principles in this guide. Some
home physically active.
examples can also be found below of
specific
guidance
Prepare homemade food : Many
www.thetimesofafrica.com
safe recipes with accessible ingredients.
people still do not have the time to
While home-cooked meals should be
cook homemade food during their busy
given priority, some cities and countries
everyday lives. Now it would be possible
have
for you to spend longer times at home to
systems and are now beginning to offer
create the recipes you did not have time
this service to many enterprises. Many
to make before. Many tasty and balanced
alternatives
advanced
ingredient
provide
delivery
“contactless�
THE TIMES OF AFRICA
| 53
BON APPETIT
options that do not allow any human interaction,
promoting self-quarantine
and isolation. These should be a priority , especially for reliable companies following strict requirements on food hygiene. It is important to maintain food at safe temperatures for food delivery and transportation (below 5 ° C or above 60 ° C). With these services overwhelmed, you might want to explore what is available in your area. Know the portion dimensions: Portion sizes may be difficult to obtain correctly, especially in scratch cooking. Being at home for prolonged periods can also result in overeating, especially without a business or limited business. Check guidance on what constitutes healthy portions for adults through your national dietary guidelines and be aware that young children will need smaller portions.
54 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
BON APPETIT
Follow safe food handling practices For food security and a healthy diet,
Inputs from WHO
food safety is a prerequisite. Only healthy foods are safe. It is important to follow good food hygiene practices to prevent food contamination and foodborne diseases when preparing food for yourself and others. Good food hygiene core principles include:
01
keep your hands, kitchen and utensils clean
02
To Do List During Self-Quarantine Limit your salt intake Limit your sugar intake Limit your fat intake Consume enough fibre Stay hydrated
separate raw and cooked food, especially raw meat and fresh produce
Avoid alcohol or at least reduce your
03
Enjoy family meals
cook your food thoroughly
04
alcohol consumption
Long-lasting fresh fruits and vegetables Fresh fruits and vegetables Dried and canned pulses
keep your food at safe temperatures, either below 5 °C or above 60 °C; and
Whole grains and starchy roots
05
Eggs
use safe water and raw material www.thetimesofafrica.com
Dried fruits, nuts and seeds
Fresh fish and meat for protein Reduced-fat, shelf-stable milk THE TIMES OF AFRICA
| 55
BON APPETIT Adequate nutrition and hydration are essential. A healthy diet appears to be safer for people with better immune systems and lower risk of chronic diseases and infectious diseases. So eat a variety of fresh and unprocessed foods every day to take your body’s vitamins , minerals, dietary fiber , protein and antioxidants. Get plenty of water to drink. Avoid sugar, fat or salt to decrease your overweight, obesity, heart disease , stroke, diabetes and certain kinds of cancer significantly.
56 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
BRAINSTORM
www.thetimesofafrica.com
THE TIMES OF AFRICA
| 57
BRAINSTORM
58 |
THE TIMES OF AFRICA
www.thetimesofafrica.com
