COVID-19 pushes African airlines to the brink

“The COVID-19 pandemic has taken a heavy toll on Africa’s airlines, but some analysts suggest that a more streamlined industry offering better services could emerge as a result.”

via African Business Magazine

Oxford-AstraZeneca COVID-19 vaccine ‘best for Africa’

“A vaccine created in a partnership between the University of Oxford and UK pharma giant AstraZeneca can be stored at standard refrigeration temperatures of -8C. This could make the best option for Africa, as countries on the continent are already equipped with a cold storage chain that can maintain these temperatures.”

via African Business Magazine

16,000 deaths in Khartoum highlight Africa’s hidden COVID-19 toll

“Over 16,000 coronavirus deaths in Khartoum have gone unreported, according to research by Imperial College London… just 2% of COVID-19 deaths have been reported, with total deaths thought to number 16,090.”

via African Business Magazine

COVID-19 hits African private equity exits

“The pandemic has exposed some of the African private equity industry’s inherent weaknesses. Weak exit environments, political risk and currency fluctuations have all been exacerbated by the pandemic, and African governments are unlikely to offer financial assistance to distressed companies.”

via African Business Magazine

Kenya Central Bank holds rate as economy picks up

“Kenya’s central bank agreed to keep its interest rate steady during its November meeting, as East Africa’s largest economy expects to recover from COVID-19 disruptions in the second half of this year. The monetary policy committee maintained its benchmark rate at 7% for the sixth straight meeting since March, when it eased the policy environment to deal with the effects of the global pandemic.”

via African Business Magazine

Telecoms: The sector thriving amid COVID-19?

“Eight months into the pandemic, telcos stand on the brink of a historic opportunity. From a push into banking to transformational infrastructure investments, COVID-19 could be a rocket booster for a sector which has already gained a reputation as a 21st century African success story.”

via African Business Magazine

Sub-zero storage could pose problems for Pfizer vaccine in Africa

“The vaccine candidate developed with BioNTEch, which remains in trials, must be transported at -70 degrees celsius and stored in a low-temperature fridge for a maximum five days, leading to worries that Africa’s poor infrastructure will delay vaccinations or prevent them completely.”

via African Business Magazine

Banks accelerating digitisation in wake of COVID-19

“COVID-19 has accelerated the move towards full-spectrum digitisation of banking services. While the process has been at an advanced stage in countries like Kenya, other African nations, such as Nigeria, are adapting rapidly.”

via African Business Magazine

South Africa’s Aspen signs COVID-19 vaccine deal with Johnson & Johnson

“South African pharmaceutical firm Aspen, the largest drugs company in Africa, has signed an agreement with Johnson & Johnson to manufacture a COVID-19 vaccine once clinical trials are completed.”

via African Business Magazine

Zambia-China debt deal “worsens crisis”

“The lack of transparency in a deal reached between Zambia’s debt-laden government and the China Development Bank is making Zambia’s debt crisis worse, says the head of a China-Africa think-tank.”

via African Business Magazine