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Africa closes in on one million COVID-19 cases

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New cases increase by 50% during the last 14 days

COVID-19 infections in Africa will exceed one million cases in the coming days as the pandemic surges in several hotspot countries. In a little more than three weeks, the number of cases on the continent almost doubled to 927,661, with 19,650 deaths.
Overall, the pandemic is accelerating with the number of new cases increasing by 50% during the last 14 days compared with the previous fortnight. However, only five countries account for about 75% of the cumulative COVID-19 cases – they are Algeria, Egypt, Ghana, Nigeria and South Africa. South Africa alone accounts for around half of the continent’s total cases. Deaths are also increasing. A total of 4,376 new deaths were recorded during the last 14 days, representing a 22% increase from the previous two weeks.
Seven countries in sub-Saharan Africa which had imposed lockdowns and have now started easing them have experienced a 20% jump in cases over the past two weeks. Some countries such as the Republic of the Congo and Morocco have had to re-implement partial restrictions because of an increase in cases.
“As Africa approaches one million cases, the continent is at a pivotal point,” said Dr Matshidiso Moeti, World Health Organization (WHO) Regional Director for Africa. “The virus has spilled out of major cities and spread into distant hinterlands. Countries need to keep apace and urgently decentralize their key response services. We can still stop COVID-19 from reaching full momentum, but the time to act is now.”
One of our most important collective responsibilities is to protect front line health workers, who are at high risk. Forty-one African countries have reported nearly 14,000 health worker infections. In 16 countries which reported health worker infections over the past month, nearly a quarter recorded an increase in the past two weeks compared with the preceding fortnight.
Expanding the scale and quality of public health measures such as testing, contact tracing, isolation and care of patients remain central to the response, as well as preventing infection through handwashing, physical distancing and wearing of masks. Lifting of lockdowns that have helped to slow down the spread of COVID-19 should be evidence-based, phased and targeted.
Under-reporting of cases is a challenge as testing for COVID-19 in Africa remains low by global benchmarks, but capacity has expanded significantly. About 7.7 million tests have been performed since February. The number of tests performed per 10,000 people as of mid-July was below 100 in 43 countries out of the 54 assessed.

Pulses to be traded under ECX

The coming of new pulses at the Ethiopian Commodity Exchange (ECX) is expected to make it uniform at the trading.
The trading floor established in 2008 and started exclusive trading by coffee has disclosed that by this coming Ethiopian New Year it will add more pulses in the electronic trading floor.
So far ECX is trading five commodities including sesame seeds and soybean, which joined the market lately.
Last week ECX disclosed that it will commence the trading of red speckled beans/pinto beans and white pigeon pea, which are stated as a potential to generate more hard currency.
Exporters told Capital that the products particularly the coming of red speckled beans/pinto beans, which has six varieties; red white, white red, white gray, creamy red, un-speckled creamy, and un-speckled yellow will create an opportunity to harmonize the beans market.
The coming of new products at ECX will also help to control the trading of white pea bean, according to exporters, who demand anonymity.
“The beans and peas have potentials to expand. The trading will also help to uniform the pulse market,” the exporters said.
“For instance traders that are engaged on illegal activity are buying white pea beans from primary market against the trading rule and claimed that the product is red speckled beans/pinto beans,” an exporter said adding, “now the pulse trading becomes uniform and exporters would not have a chance to abuse the system.”
“Further more the market will be sustainable and determined by global market besides bypassing illegal brokers,” the exporters added.
On the other hand the decision of Ministry of Trade and Industry to facilitate special window at ECX for local soybean users is also a result of strong control of the government to cut the contraband, according to the sector actors.
They said that illegal exporters were engaged on buying the product from primary market even though the product is exclusively traded at ECX for over two years. “The strong control of the government on the illegal activity forced the illegal actors to use to trade their soybean via ECX,” exporters said. Besides those local soybean users, mostly processers were also trying to abuse the scheme, according to exporters.
“The illegal actors have been aggressively engaged on illegal activity and buying the product from primary market. Though the government issued a directive to enforce the trading at ECX, there were sabotages to paralyze the directive,” they added.
The government tightens its control that pushed the illegal actors to look to trade via ECX, according to the sector experts.
“That is the reason they asked the government to create a window at the ECX to return the product that they stored illegally,” exporters said.
Now the ministry has given a grace period until September for illegally stored product to return at ECX warehouse via suppliers.

Nyala Insurance supports GERD by buying additional 12 million birr bond

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+Nyala Insurance S.C (NISCO) purchased an additional bond worth 12 million Birr to help finance the construction of the Grand Ethiopian Renaissance Dam (GERD). This comes after Ethiopia announced the completion of the first phase of filling the dam.
Chief Executive Officer Nyala, Yared Molla during the ceremony held at the Ministry of Water, Irrigation and Energy, said that the company had purchased a total of 51.2 million Birr worth of bond in six rounds since the start of the construction.
“Today’s bond is the 7th round of purchase that brings the total amount of contribution so far made by our company to over 63.2 million birr, and we will continue to support our project until the end,” Yared said.
Expressing his joy over the successful completion of the first year filling of the GERD, the CEO called on all Ethiopians to continue their unreserved support to the realization of the dam as it is “the symbol of national unity and pride.”
He has also affirmed his company’s readiness to further continue supporting the construction of the dam till its completion.
Deputy Governor of National Bank of Ethiopia, Solomon Desta who attended the ceremony urged other financial institutions to take similar measures as purchase of bond is crucial to enhance the financial needs of GERD at this critical time. “Other financial institutions should follow suit of Nyala Insurance,” Solomon said.
Ethiopians have so far contributed over 13 billion birr for the dam, which is being constructed entirely with domestic funds.
NISCO is one of the leading Insurance Companies in Ethiopia in terms of performance growth and financial position.
It was established in 1995 to engage in general insurance business with a subscribed capital of 25 million birr and paid-up capital of 7 million birr. In 2005, NISCO turned into a composite insurer by adding life business and increasing its paid-up capital to 35 million birr. Currently its paid-up capital reached 416 million birr.
In 2019, NISCO wrote 492 million birr of premium income and realized a gross profit of 184 million birr. Its shareholders’ equity reached 842 million birr while its total assets reached 2.1 billion birr.

Rotary Ethiopia donates PPE’s, medical supplies

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Rotary Ethiopia in collaboration with the Rotary Foundation of Rotary International, William Grant and Sons Brands Ltd, Swiss Club Addis Ababa and its global networks donated six million birr worth of Personal Protective Equipment (PPE) and medical supplies to the Ministry of Health as part of its continued support to combat COVID-19 pandemic.
These contributions are mobilized by the Rotary clubs of Addis Ababa, Addis Ababa Bole, and Debre Berhan. The donations include essential PPE like scrubs, goggles, heavy-duty gloves, medical footwear, and equipment like dual-use oxygen concentrators, multi-parameter patient monitors, nasal cannula, and fingertip oximeters.
“Most of these items are purchased from manufacturers and importers in the country to support the local business to continue providing the highly needed employment opportunities to our people during these difficult times,” reads a statement from Rotary Ethiopia.
Four small and medium manufacturing enterprises and at least five trading and distributing firms which have an estimated number of 360 employees were awarded the business.
“The enormity of the challenges that must be tackled to combat the COVID-19 is requiring better organization, effective designing of our interventions, and a systemic approach to solutions, among others. The need for coordination with the target beneficiaries and national and global endeavors are of paramount importance to make deliveries relevant, quick, impactful, and sustainable,” further reads the statement sent to Capital.
“Rotary Ethiopia is determined to continue supporting our national effort in this fight against this pandemic as long as it takes. The endeavor is also part of Rotary’s long-standing commitment and dedication to serving our communities,” said Lia Tadesse (MD) Minister of Ministry of Health during the handing over ceremony.
Rotary is a non-political, non-religious, and not-for-profit worldwide network of business and professional leaders that provides humanitarian services, encourages high ethical standards in all vocations, and promotes goodwill and peace in the world under its motto of “Service above self.” It was established in 1905 and now operates in more than 220 countries organized in above 35,000 clubs with more than 1.2 million Rotarian members across the globe.
Rotary in Ethiopia has been serving the communities since 1955. Currently, there are 21 Rotary clubs in the country. These clubs have daughter Rotaract clubs with members between the age of 18 – 30 and interact clubs with members between the ages of 12 to 18. At the moment, there are 15 Rotaract clubs and 20 Interact clubs in the country. With nearly 2000 members across these groups of volunteers, the Rotary movement is expanding fast all over the country. New clubs have been established, such as the Rotary Club of Goba, in Bale zone, the Rotary club of Qarsa in Arsi Zone, the Rotary club of Asella in Arsi zone of the Oromia regional state and the Rotary Club of Lalibela in the Amhara regional state. More clubs are under formation in all the regions of the country with lofty plans for expanding volunteerism, goodwill, and high ethical standards among the youth and adults all over the country.