Radar | Feb 23,2019
Apr 17 , 2020
The United Nations Economic Commission for Africa (UN-ECA) has estimated that Novel Coronavirus (COVID-19) could take the lives of over 300,000 Africans.
If the pandemic continues to impact the continent's struggling economies, whose growth is expected to slow down from 3.2pc to 1.8pc in a best case scenario, it could push close to 27 million people into extreme poverty, according to the report.
The new report, which was launched virtually on April 17, 2020, is dubbed COVID-19: Protecting African Lives & Economies. It emphasises that Africa’s fragile health systems could see additional costs being imposed on them because of the growing crisis that has resulted in over 16,000 infected Africans and the deaths of over 800 lives at the time of the launch of the report.
To protect and build toward the continent's shared prosperity, 100 billion dollars is needed urgently, according to Vera Songwe (PhD), UN under-Secretary-General and Executive Secretary at the UN-ECA.
PUBLISHED ON
Apr 17,2020 [ VOL
21 , NO
1042]
Radar | Feb 23,2019
Fortune News | Dec 28,2019
Editorial | Feb 27,2021
Sunday with Eden | Dec 21,2019
Radar | Dec 29,2018
Fortune News | Jan 13,2024
Sunday with Eden | Jul 10,2021
Radar | Jul 29,2023
Editorial | Jan 05,2019
Feb 24 , 2024 . By MUNIR SHEMSU
Abel Yeshitila, a real estate developer with a 12-year track record, finds himself unable to sell homes in his latest venture. Despite slash...
Feb 10 , 2024 . By MUNIR SHEMSU
In his last week's address to Parliament, Prime Minister Abiy Ahmed (PhD) painted a picture of an economy...
Jan 7 , 2024
In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...
Sep 30 , 2023 . By AKSAH ITALO
On a chilly morning outside Ke'Geberew Market, Yeshi Chane, a 35-year-old mother cradling her seven-month-old baby, stands amidst the throng...
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Mar 30 , 2024
Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...
Loading your updates...