• Advertise
  • Contact
GFH News
Ecobank Super Rewards
  • Home
  • Economy
  • Politics
  • Others
    • Security
    • Health
    • Metro/General News
    • Crime
    • Law/Judiciary
    • Entertainment
  • Contact
No Result
View All Result
  • Home
  • Economy
  • Politics
  • Others
    • Security
    • Health
    • Metro/General News
    • Crime
    • Law/Judiciary
    • Entertainment
  • Contact
No Result
View All Result
GFH News
No Result
View All Result
Home Economy

300,000 people may die of COVID-19 in Africa – UNECA

gfhnews.com by gfhnews.com
April 17, 2020
in Economy
0
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

More than 300,000 people in Africa could lose their lives due to the COVID-19 outbreak, the United Nations Economic Commission for Africa (UNECA) said in a report on Friday.

“The pandemic could slow down the continent’s economic growth from 3.2 per cent to 1.8 per cent in a best-case scenario, pushing close to 27 million people into extreme poverty,’’ the report said.

“Africa’s fragile health systems could see additional costs being imposed on them because of the growing crisis that has to-date, resulted in over 16,000 infected Africans and claimed over 800 lives at the time of the report’s launch.’’

UN Under-Secretary-General and UNECA Executive Secretary, Vera Songwe, said $100 billion is needed to “urgently provide fiscal space to all countries to help address the immediate safety net needs of the populations’’.

Africa is particularly susceptible because 56 per cent of its urban population is concentrated in slums or informal dwellings and only 34 per cent of African households have access to basic hand washing facilities, she said.

“The economic costs of the pandemic have been harsher than the direct impact of the COVID-19.

“Across the continent, all economies are suffering from the sudden shock.

“The physical distancing needed to manage the pandemic is suffocating and drowning economic activity,’’ Songwe said.

Africa’s small and medium-sized enterprises risk complete closure if there is no immediate support, the new report said.

“The price of oil, which accounts for 40 per cent of Africa’s exports, has halved in value, and major African exports, such as textiles and fresh-cut flowers, have crashed.

“Tourism, which accounts for up to 38 per cent of some African countries’ GDP, has effectively halted as has the airline industry that supports it,’’ the report said.

It called for concerted efforts to keep trade flowing, especially in essential medical supplies and staple foods, with a strong policy push to fight the urge to impose export bans.

The report proposed that intellectual property on medical supplies, novel testing kits and vaccines be shared to help Africa’s private sector play its role in the response.

The UNECA said the report, “COVID-19: Protecting African Lives and Economies’’, is the culmination of in-depth analyses and extensive consultations with key representatives from civil society, international finance institutions and the private sector.

Previous Post

Q1: Customs seize contraband valued N249.9m in Seme

Next Post

Military donates 2 laboratories to support COVID-19

gfhnews.com

gfhnews.com

Next Post

Military donates 2 laboratories to support COVID-19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 121 Followers
  • 189k Subscribers
  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Nnamdi Kanu’s trial: Isi Agu cannot be worn in my court – Justice Nyako

Nnamdi Kanu’s trial: Isi Agu cannot be worn in my court – Justice Nyako

February 16, 2022
Army Chief  urges Reps to direct further enquiries on arms deals to past chiefs

BREAKING: Nigeria’s chief of army staff Ibrahim Attahiru killed in plane crash

May 21, 2021

VIDEO: Mazi Nnamdi Kanu having good times with girl who trapped him

June 30, 2021
Breaking: Farouk Lawan bags 7 years jail term for demanding $3m bribe from Femi Otedola

Breaking: Farouk Lawan bags 7 years jail term for demanding $3m bribe from Femi Otedola

June 22, 2021

Shaba Ibrahim, first person to bag SANship from kogi/Lokoja Federal Constituency.

3
Emir of Borgu charges Nigerians to be good ambassadors

Emir of Borgu charges Nigerians to be good ambassadors

3
Merck Foundation `More Than a Mother’ campaign against infertility, stigmatization – President

Merck Foundation to celebrate, mentor 2020 winners of More Than A Mother’ FASHION Awards – CEO

2
Infertility is a shared responsibility, couples should work together – Merck Foundation CEO

Infertility is a shared responsibility, couples should work together – Merck Foundation CEO

2
ASUU: Only workers captured by IPPIS will receive salaries, Buhari insists

National conference asks Buhari to protect anti-corruption legacy

March 26, 2023
BREAKING: Former Chief of General Staff, Gen Oladipo Diya, Is Dead

BREAKING: Former Chief of General Staff, Gen Oladipo Diya, Is Dead

March 26, 2023

PEPSI TO THRILL FANS WITH AN OPPORTUNITY TO WIN AN ALL EXPENSE PAID TRIP TO THE UCL FINALS

March 24, 2023
PDP Suspends Fayose, Anyim And Others

PDP Suspends Fayose, Anyim And Others

March 23, 2023

Recent News

ASUU: Only workers captured by IPPIS will receive salaries, Buhari insists

National conference asks Buhari to protect anti-corruption legacy

March 26, 2023
BREAKING: Former Chief of General Staff, Gen Oladipo Diya, Is Dead

BREAKING: Former Chief of General Staff, Gen Oladipo Diya, Is Dead

March 26, 2023

PEPSI TO THRILL FANS WITH AN OPPORTUNITY TO WIN AN ALL EXPENSE PAID TRIP TO THE UCL FINALS

March 24, 2023
PDP Suspends Fayose, Anyim And Others

PDP Suspends Fayose, Anyim And Others

March 23, 2023

GFH News is a Nigeria based online news platform that gives news on the go. Our team gather news from different sectors, locally and internationally, with fact checks.
Get the news as it breaks.

Browse by Category

  • Agriculture
  • Aviation
  • Banking
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • FACT CHECK
  • Feature
  • Foreign
  • Health
  • Holiday
  • Infrastructure
  • Labour
  • Law/Judiciary
  • Metro/General News
  • Mining
  • Oil&gas
  • Politics
  • Religion
  • Science
  • Security
  • Sports
  • Technology
  • Terrorism
  • Tourism
  • Trade
  • Tragedy
  • Transportation
  • Travel
  • Uncategorized
  • Wildlife
  • work

Recent News

ASUU: Only workers captured by IPPIS will receive salaries, Buhari insists

National conference asks Buhari to protect anti-corruption legacy

March 26, 2023
BREAKING: Former Chief of General Staff, Gen Oladipo Diya, Is Dead

BREAKING: Former Chief of General Staff, Gen Oladipo Diya, Is Dead

March 26, 2023
  • Advertise
  • Contact

© 2020 GFH News

No Result
View All Result

© 2020 GFH News