burkina-faso

By James Mwala

Three people have tested positive for Covid-19, President Peter Mutharika has announced.

Mutharika made the announced in a televised statement on Thursday, marking the Southern African nation among those with cases.

Until the last 24 hours, Malawi was among five other African nations without any positive case.

In his statement, Mutharika indicated that the cases have been recorded in capital city Lilongwe.

‘’ I would like to inform the nation that for first time, we now have confirmed cases of Coronavirus disease in the country. There are three cases. The first affected person is a 61-year-old female from Lilongwe. The affected woman had recently returned from India where she was in contact with a relative who was later confirmed as Coronavirus positive. She was in self-quarantine for 14 days after arriving in Malawi, but later became symptomatic within the 14 days’ quarantine period,’’ he said.

The president also said that the second case is a relative to the index patient, while the third case is a domestic worker for the index in their household.

Meanwhile, Mutharika has said government is providing initial care and medical management for all three cases and tracing all close contacts and requiring them to go into quarantine for 14 days where they can be observed.

By Boris Esono Nwenfor

The President of the Sierra Leone Football Association, SLFA Isha Tejan-Cole Johansen has confirmed that six hundred and fifty-six million Leones (Le 656,000,000) has been donated to Premier, First, and Second Division clubs in the country as a solidarity contribution by SLFA, as per the SLFA Media Department.

Four hundred and six million Leones (Le 406,000,000) will be distributed to 14 Premier clubs and Two hundred and Fifty Million Leones (Le 250,000,000) contribution goes to the Five Regional football Associations to be spread out and allocated to the respective lower division clubs (Division One and Two).

The novel coronavirus outbreak has had a major impact in the sporting domain as leagues across Africa, and many parts of the world have been put on hold. Football in Sierra Leone has equally been affected.

“These are abnormal and truly worrying times, and the only instinctive reaction these days are how to protect and be protected. As a parent football body in Sierrra Leone, we have a duty to support and protect each other,” Isha Johansen remarked.

Financial donations are not the only gesture from SLFA. In addition to financial boost, several hundreds of face masks will be distributed to SLFA staff and clubs.

All football activities in the nation has been put on hold until further notice as a part of the precautions against the spread of the coronavirus.

A statement by SLFA signed by General Secretary Chris Kamara explained that it was taking the decision following the world football governing body’s recommendations while tasking all clubs and football connected bodies to conform to the instructions.

“In line with the government’s effort in preventing the coronavirus, and in compliance with the FIFA recommendations to its member associations for general precaution, the Sierra Leone Football Association has suspended all football related activities across the country effective today, Tuesday 17th March 2020,” the communiqué read in part.

“SLFA is encouraging all Clubs, Regional and District Football Association and its affiliates including but not limited to Mini Leagues and officials to comply with the directives to protect fans, players, coaches, and everyone involved in the beautiful game of football, and most importantly to prevent the virus from entering in Sierra Leone.”

The Board of Directors of the African Development Bank Group have approved a new Gender Equality Trust Fund (GETF) aimed at pushing forward gender equality and women’s empowerment across the continent.

Funded by donors, the GETF will support the delivery and scale-up of the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme and promote gender transformative lending and non-lending operations. It is the first thematic fund on gender in the Bank Group’s history. The Fund will be established for an initial period of 10 years.

AFAWA is the Bank’s flagship pan-African initiative which aims to bridge the $42 billion financing gap facing women in Africa. Through AFAWA, the Bank is spearheading a major push to unlock women’s entrepreneurial capacity and economic participation for maximum development impact.

Also on Tuesday 31 March, the Board of Directors of the Bank approved a Risk-Sharing Mechanism – an innovative financial instrument to de-risk women-empowered businesses, enhance their profile with banks and support them to grow and thrive as entrepreneurs.

Anchor investors in the GETF are the governments of France, the Netherlands and the United Kingdom.

“It’s a great day for us as a Bank. It is a great day for the continent and the women of Africa as this facility provides innovative ways to tackle the access to finance challenges for African women business owners,” said African Development Bank President Akinwumi Adesina.

The Africa Guarantee Fund (AGF) has been chosen as the first implementing partner to facilitate access to finance for women-owned small and medium-sized enterprises (SMEs). AGF is a pan-African entity that provides financial institutions with guarantees and other financial products to support SMEs in Africa. AGF has a network spread out over 42 African countries and 150-plus financial institutions, which AFAWA will leverage. This first transaction is expected to unlock up to $2 billion in credit for women-empowered businesses across the continent.

Vanessa Moungar, Bank Director, Gender, Women and Civil Society, described the approval as “the largest effort ever to bridge the gap in access to finance for women in Africa’s history” and said the Fund’s resources and the Risk-Sharing Mechanism would prioritize women’s economic empowerment and high-impact women’s initiatives.

Moungar said the partnership with AGF is a starting point for mobilizing other financial institutions and increasing access to finance for women entrepreneurs on the continent.Apart from the G7 donors and the Netherlands, other countries are showing strong interest in contributing to the initiative, including Rwanda and Sweden. The Bank Group will continue to mobilize resources in order to unlock $5 billion worth of financing for women-empowered businesses in Africa. AFAWA is also an implementing partner of the Women Entrepreneurship Finance (We-Fi) Initiative.

*AFDB

By Bakary Ceesay

The World Bank has announced Tuesday its approval of $10 million to support The Gambia’s COVID-19 response.

The grant is approved from the International Development Association (IDA) for the country to provide emergency assistance in the face of the global COVID-19 pandemic.

“The COVID-19 Response and Preparedness Project will enhance case detection, tracing, and reporting, as well as provide equipment to isolation and treatment centers, and improve disease surveillance and diagnostic capacity,” the statement from Washington stated.

It will also focus on risk communications and community engagement for increased awareness and compliance with prevention and social distancing measures.

“This rapid response operation draws from the World Bank Group’s $14 billion package of fast-track financing to help countries in their efforts to prevent, detect and respond to the spread of COVID-19,” said Ms. Elene Imnadze, Resident Representative for The Gambia.

“It provides the financing needed to strengthen coordination with partners and implement the Government’s National COVID-19 Preparedness and Response Plan.”

The World Bank Group is rolling out a $14 billion fast-track package to strengthen the COVID-19 response in developing countries and shorten the time to recovery.

The immediate response includes financing, policy advice and technical assistance to help countries cope with the health and economic impacts of the pandemic.

The statement indicated that the IFC is providing $8 billion in financing to help private companies affected by the pandemic and preserve jobs. IBRD and IDA are making an initial $6 billion available for the health-response.

“As countries need broader support, the World Bank Group will deploy up to $160 billion over 15 months to protect the poor and vulnerable, support businesses, and bolster economic recovery.”

By Boris Esono Nwenfor

Four times African Player of the Year, and Cameroon great, Samuel Eto’o Fils and Ivorian Legend Didier Drogba have both hit out at “racist” and “contemptuous” calls made by two doctors on French TV calling for the test of a potential vaccine for the deadly coronavirus to be carried out in Africa.

A video of the doctors’ comment was posted on Twitter by Senegalese forward and Former Newcastle and Chelsea player Demba Ba

Demba Ba wrote: “Welcome to the West, where white people believe themselves to be so superior that racism and stupidity become commonplace. TIME TO RISE

There are ongoing studies on the possibility of using the BCG vaccine that has previously been used for Tuberculosis, as a possible preventive vaccine for the coronavirus.

“If I can be provocative, shouldn’t we do this study in Africa where there are no masks, no treatment, and no resuscitation? Professor Jean-Paul Mira, Head of the intensive care unit at the Cochin Hospital in Paris asked on French TV.

“The same as for some AIDS studies where prostitutes try things because we know they are unprotected,” He added

Professor Camille Locht replied: “You are right. We are currently thinking in parallel about a study in Africa to make this same type of approach with the BCG.”

“There is a tender process that has gone out or is going to go out. We will seriously think about that. That doesn’t prevent us from thinking in parallel about a study in Europe, and Australia,” He added

Multiple awards winner Samuel Eto’o vented out his anger as he replied to Ba’s video on Twitter as he held nothing back. “Sons of Bitches,” He said.

“You are SH*T. Africa isn’t yours to play with,” the former Real Madrid, FC Barcelona, Chelsea player said on Instagram.

Two-time African player of the year winner Didier Drogba equally vented out his frustration as he called the comments “absurd” while advocating against the use of Africa as “guinea pigs.”

“It is inconceivable that we continue to accept this,” Drogba wrote on Twitter. “Africa is not a laboratory. I strongly denounce this racist and contemptuous remark.” “Help us safe lives in Africa, and stop the spread of this virus which is destabilizing the whole world, instead of considering us as guinea pigs. It is absurd.”

He went on to add: “African leaders have the responsibility to protect their people from these heinous plots.”

Scientists across the globe are in a race against time to produce a vaccine for the coronavirus. Health specialist note that it could take 12 to 18 months before a vaccine is produce as it has to go through various tests before it is certified.

Dr Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, said earliest the US could possibly get a vaccine would be in 12 or even 18 months — “at least.”

40 vaccines for the coronavirus are in development right now, according to the World Health Organization. A number of labs have begun human trials.

By Boris Esono Nwenfor

33 vulnerable persons comprising physically challenged, those in great financial difficulty, IDPs have benefited from grants worth 4.5 Million FCFA from the Buea Council in collaboration with the Ministry of Social Affairs.

Distributing the grants Tuesday, March 31, the 1st Deputy Mayor Akawoh Minerva epse Molinge enjoined the beneficiaries to make proper use of the gift, using it to carry out the project they want to with the money.

“It is a project that is ongoing within the municipality that those who need assistance write to the Council and when it is available it is given to them,” Akawoh Minerva epse Molinge said.

“This is a follow-up programme as each year it (aid) is giving out. When they are found capable of receiving it, they grant will be giving to them.” “If someone says he is disabled and need a tricycle, the person present his/herself, and we see that the person needs a tricycle the social service will evaluate, and the grant will be made available.”

She added: “… Our beneficiaries are very faithful. Some are already in their tricycle, and if they come for some financial assistance it is different from the first application that they did. So what the beneficiaries ask for is usually provided.”

Follow-ups will be carried out to ensure that the beneficiaries do not misuse the money but used it in carrying out various businesses. “In the next two months, a team will be on the field to inspect, and make sure the aid was used judiciously,” Mbeng Marie Laure, Chief of Social Centre Buea said.

She further stressed on the fact that these grants are not ordinary gifts, but geared towards improving on the socioeconomic status of vulnerable persons in the society. 

Akoh Caroline, displaced person, former Head Teacher, and a mother of five children has been badly affected by the ongoing Anglophone crisis in Cameroon’s North West and South West Regions. She was kidnapped, giving multiple wounds while her right wrist was cut off, and her three fingers in her left hand also chopped off.

“This grant will help me a lot as I intend to open a small business while hoping to apply for more funds next time. Before I used to do farm work, but now I cannot even do that due to my present situation.”

“The FCFA 200,000 that has been given to me I will start with a table, so that when the coronavirus is over I can add other things to open a store. The only thing in can do is to take something and give to somebody with my two fingers,” She added.

She has called on the government to continue with such gesture which goes a long way in assisting the physically challenge persons in the society.

For one to benefit from the Buea council’s grants to vulnerable persons, he or she must be vulnerable which implies being physically challenged; those in great financial difficulty, Internally Displaced Persons, IDPs, and residing within the Buea municipality.

The 2020 Buea council grants for vulnerable persons have been opened and those in need of such gesture have been urged to massively apply.

By Ahmed Danfulani*

Fear has been sold to the world with the outbreak of pandemic of Coronavirus (CONVID-19) in Wuhan, China. In just a few weeks, the entire world has been reduced to one huge symbol of deaths and of mass graves.

The phobia of Coronavirus is real and deafening. The victims are as scary as much as the non-victims.  Like a verse in the legendary South African reggae star, Lucky Dube, everybody “is the next victim,” unless the haunting image of Coronavirus is pulled down globally.  It has reached the shores of Nigeria with about 30 reported cases of infected people, with one death so far.

Regrettably though, Nigeria has seen enough mass deaths in her history in a decade to the extent the global alarm over Coronavirus induced deaths is mincemeat or child’s play in the psyche of Nigerians. Boko Haram insurgency, with its latest tincture, ISWAP terrorism have made mass deaths a regular menu in the country.

Can Nigerians excuse themselves from gory and nauseating memories of mass deaths and graves spurred by vicious armed bandits, armed separatists campaigners, herders/ farmers conflagrations, communal upheavals, militancy or religious extremists and even political thugs or violent election riggers? 

These memories are evergreen and recurs from time to time.
However, it should not be misconstrued that recounting these orgies of recurrent circle of  violence and deaths in Nigeria implies an endorsement or preference for it than the epidemic of Coronavirus. But it’s simply, a parodic attempt to establish how Nigerians are inured to mass deaths in other more demonic forms in the country than Coronavirus. 

And to date, Nigeria has been grappling with silent, but very sophisticated layers of Coronavirus in other colorations. Nigeria has been battling things far more deadly and contagious  than Coronavirus which neither the military nor the civil authorities have fully appreciated  its intensity in recent times.

The determination of President Muhammadu Buhari’s administration to blight insecurities in Nigeria, especially insurgency is unflinchingly consistent. And the unquenchable zeal and courageously gallant outings of the Nigerian military to also eliminate Boko Haram/ ISWAP terrorism in Nigeria is self-evident. But again, it is variously frustrated in more stealthy ways than the global invasion and spread of Coronavirus pandemic.

Many Nigerians may not be aware of the dark forces against the resurgence and festering of Boko Haram/ISWAP terrorism in the country. The problem with these latest security threats is not because insurgents or terrorists are so powerful to the level of repressing the Nigerian military. It is also beyond the contemplation that the FGN has not done commendably enough to terminate the reign of insecurities in Nigeria.

The major issues in the Northeast are not really the Boko Haram terrorists who, who like Coronavirus, sneak to hack people to death at will, abduct and destroy public infrastructures in the region.  It is also not the evil men who masquerade under the cover of NGOs to subject the already traumatized, frail and suffering victims of insurgency to inhumane and degrading treatment after taking so much from the outside world to assist them survive.

More than a few will also be shocked that it is also not the usual political actors who appear on the stage only when Boko Haram is at the losing end with their crocodile tears. But they initiate nothing to get youths off the streets to divert their attention from conscription as foot soldiers of terrorism. 

From these ponders, one will therefore hastily guess that it is Coronavirus pandemic that is Nigeria’s problem. But the real problem in the Northeast shockingly is not Coronavirus. After all it hasn’t been discovered in Nigeria beyond manageable stage, after the first case in Lagos.

On the contrary, the greatest existential threat to Nigeria now in respect to her battles with terrorism and insecurities is the role of Amnesty International (AI) and some foreign cables such as Reuters and AFP. They have constituted the worse stumbling blocks to Nigeria’s match towards exculpation from insurgencies and insurrections.

AI and these foreign online platforms have been the major disasters that our country has faced in its war against Boko Haram and  it is hideously more potent and lethal than Coronavirus.  And insurgency has attracted more deaths in Nigeria than Coronavirus has ever recorded anywhere in the world outside Wuhan in China.  

There is every clue to suspect AI and these foreign newswires as agents and fake news purveyors for terrorists and their external sponsors. Not only that they fabricate and circulate fake news on the FGN and the Nigerian Military’s confrontations with Boko Haram, but their extreme focus of propaganda on Nigeria on the fake side of news is repulsive.

AI has morphed into a daily news medium in Nigeria; inventing and syndicating news about terrorism and the Nigerian military encounters with terrorism in the Northeast. The common denominator among them all is that their published reports are permanently crafted to indict the Nigerian troops and Military authorities.

It does not usually have named attributions, but speculative and propagandic. It drapes with everything which conveys the message that these actors are into active promotion of cyberspace terrorism.  And the world frowns at it and there are laws which prohibits it.

Nonetheless, these vicious enemies of Nigeria make generous, but unprovable allegations against the Nigerian military such as human rights violations, extra-judicial killings, sexual abuse of women, use of child soldiers, starvation of Boko Harm suspects in military detention facilities, unlawful arrests and detentions and sundry such constructions of offences of war crimes. 

But sadly, while they level such allegations on the military, these suspected agents of terrorists are less bothered to confirm their findings from military authorities before  rushing to the press with the scanty findings from what they usually term “eyewitness” account. And the “eyewitness accounts” are usually their planted agents in the theatre of war  in the Northeast  or outrightly cooked sources.  

Therefore, they reel out very alarming and unsubstantiated casualty figures. When terrorists triumph against troops or not, a news story is crafted to give credit to the “invincible” might of terrorists, to cause anxiety in Nigerians and dampen the spirit of troops. These agents are normally the first to break the news of Boko Haram attacks on any community, an indication that they might be privy to such attacks before its occurrence.  It means they are likely working closely with terrorists.

In its 2015/2016 annual report on Nigeria, AI levelled such senseless allegations of war crimes against the Nigerian Army prosecuting the Boko Haram insurgency in the Northeast as well as other security agencies.
 

However, when several probe panels invited them to substantiate the allegations, AI hedged and adduced excuses on lack of trust in members of the Panel. From its reaction, it was clear that AI was functioning like an opposition party or alternative government in Nigeria. And it had no evidence to prove the allegations.   

And the scheming of AI and its apostates is to perpetually and falsely accuse Nigerian Military of war crimes in prosecution of the counter-insurgency combats in the country.  And therefore, frustrate plans by countries of goodwill to sell weapons to Nigeria to battle Boko Haram/ISWAP terrorists, citing human rights violations and war crimes against Nigeria.  
 

So, AI and these online newswires are Nigeria’s worse version of Coronavirus more than the pandemic itself.  Any country will be glad to accept Coronavirus, but pray fervently never to have these agents of darkness gang-up or occupy their country in the guise of anything.

Nigerians should not forget that AI and these newswires as well as their external sponsors are very determined to set the people against themselves. Over the years, this has been the game plan, which is designed to finally plunge Nigeria into an interminable war like in Syria or Sudan.  But the plans have so far not succeeded because Nigerians are aware and have refused to fall for their cheap propaganda. Nigerians are urged to remain steadfast and vigilant. 

*Danfulani wrote from Yola, Adamawa State. The views are his

In Nigeria, a coalition of Civil Society Organisations (CSOs) and dozen media houses have joined Paradigm Initiative to contest a controversial Protection from Internet Falsehood and Manipulations; and for Related matters Bill, 2019 (SB. 132) during a public hearing at the Nigerian senate.

The bill popularly referred to as “Social Media Bill” was introduced in November 2019 by Muhammed Musa, a senator representing Niger East, to regulate the social media and curb fake news on the internet. Since then, the bill has continued to attract criticism from Nigerians and civil society groups.

The Bill received public outcry just like the similar Anti-Social bill introduced in 2015 during Senator Bukola Saraki-led 8th National Assembly; which has now been dropped by the Senate.

About 110 CSOs said the bill is a resuscitation of “an obnoxious bill that had been hitherto unanimously rejected by the people” and should not be further considered for public hearing to be funded by tax-payers’ money.
We have documented clauses in the proposed Bill that are likely to push the Internet space in Nigeria to the trenches.
In a memo submitted to the lawmakers, we explained extensively how the bill has huge ramifications that can threaten the fabric of Nigeria’s democracy.
The NetRightsNG represented by our Executive Director, ‘Gbenga Sesan, also believes there are existing laws which the legislature should press for their implementation.

‘Gbenga Sesan told lawmakers that: “If the desire of the Legislature is to enact a law that curbs false statements online, then Nigeria is not lacking in such laws and it does not need one more. There is adequate provision for the very objective of this Bill and a furtherance of legislative actions in the direction of the passage of this Bill will only birth the conclusion that the Legislature is willing to ineffectively use state’s time and resources to chase a cause that has already been legislated over by previous assemblies.”

In addition, Paradigm Initiative supported the participation of 6 online journalists to cover the public hearing and streamed the public hearing live across social media platform. We shared additional resources with the Senate Committee working on the Bill 

*Source Paradigm Initiative

Food insecurity levels in the Sahel region are “spiralling out of control”, the World Food Programme (WFP) said on Thursday, as it expressed concerns about the potential impact on humanitarian supply chains because of restrictions imposed in response to the COVID-19 pandemic.

NEW YORK, USA, April 3, 2020,-/African Media Agency (AMA)/- Across the Central Sahel in Africa – encompassing Burkina Faso, Mali and Niger – more than five million people face severe food insecurity ahead of the coming lean season, according to data released by WFP and other humanitarian partners.

Drought and violent extremists

Humanitarians have repeatedly warned that chronic insecurity linked to successive drought and violent extremists who exploit the lack of a strong State presence have created an avoidable crisis, which WFP said has now extended to the coastal countries of Sierra Leone and Liberia.

Forecasts indicate that Burkina Faso will see food insecurity more than triple, to more than 2.1 million people in June, up from at least 680,000 at the same time last year.

The number of people going hungry is also expected to rise in Mali, with 1.3 million people vulnerable, along with two million people in Niger.

‘Unprecedented’ vulnerability during lean season

“For the lean season, in the upcoming months June to September, the analysis concluded that we are going from 10.8 million people declared food insecure last year, to 19.1 million people in 2020,” said Eric Branckaert, WFP Senior Vulnerability Analysis and Mapping (VAM) Adviser, speaking to journalists via videoconference.

“This is an increase of 77 per cent since last year and it is unprecedented.”

Citing Burkina Faso’s experience as illustrative of the plight facing its Sahel neighbours, Alexandre Lecuziat, WFP Senior Regional Emergency Preparedness and Response Adviser, said in English and French that it was “one of the most or the fastest growing displaced population crisis in the world. It’s a country that virtually had no IDPs, internally displaced populations, 18 months ago and now the latest official figures are in excess of 800,000 people displaced.”

Speaking via videoconference, Mr Lecuziat said that although WFP has access across the Sahel to populations in need, the agency is extremely concerned about the impact of the new coronavirus on a region with one of the weakest healthcare systems in the world.

If it emerges in a similar way to much of the rest of the world, it will lead to “a serious deterioration” in people’s resilience, as markets and borders close, preventing herders from moving their animals to fresh pasture, he explained.

Aid delivery changes to keep everyone safe

Social distancing measures have already been implemented by WFP and its partners during aid deliveries, in a bid to keep staff and communities safe.

“We need to limit the number of people that gather so we need to fragment the number of sites of distribution,” Mr Lecuziat said. “The maximum numbers vary from one country to the other, but in general not more than 50 people can be gathered; and even when those people can be gathered, we are implementing standard operating procedures to minimize the transmission of the disease. So there is a temperature check for all people coming into the distribution sites and we have to respect one metre between every individual coming in to get the food assistance.”

At a wider logistical level the UN agency is also exploring all options to ensure that vital aid supply lines can withstand the expected disruption of COVID-19.

Global aid suppliers hit by COVID-19

“Some of the bigger companies, and indeed the main suppliers globally, are in countries that are currently under strict confinement and a very reduced level of production,” Mr Lecuziat explained. “A lot of the nutritious products are produced in India or France, for example, where factories have had to reduce or close, or reduce significantly their production. We have big concerns on this, and our supply chain colleagues together with UNICEF, are looking at locally available enriched foods to complement this.”

In a statement, WFP said that it had assisted 1.5 million people in Burkina Faso and Mali in February.

It has appealed for more support to tackle the crisis and urgently requires $208 million for the next five months to carry out its lifesaving operations.

“This is a crisis layered on top of a crisis, and the situation risks getting out of hand,” said Chris Nikoi, WFP’s Regional Director for West Africa. “People are on the brink – we must step up now to save lives – we are the only hope for millions.”

Distributed by African Media Agency (AMA) on behalf of UN News.

Source : African Media Agency (AMA)

By Amos Fofung

Senators in the federal republic of Nigeria have agreed to contribute 50% of their salaries to support the efforts being made to contain the spread and treatment of COVID-19 victims in the country. 

Over 140 confirmed cases have been reported in Nigeria, Africa’s largest economy.

Acting Spokesman of the Senate, Godiya Akwashiki, made public the decision adding that the contributions by senators will only end after the country has been declared free of the deadly coronavirus.

“This monthly contribution from the Upper Legislative Chamber will be sustained until the country is declared free from the deadly virus.

“The Senate commends efforts of President Muhammadu Buhari and the administration towards securing our nation against this plague. The Senate is willing and ready to do whatever is required for the effectiveness of the measures in place now or that may be required in future to win the fight against this menace.

“The Senate commends all agencies at the Federal and state levels for working together to protect public health in the country. It also acknowledges the patriotic response of public-spirited individuals and organizations’, who have contributed in one way or the other to support this fight,” the statement reads.

This comes after the federal government of Nigerian approved a 10 billion Naira grant (about $27 million) to fight the spread of coronavirus, or COVID-19, in the country.

Nigerian and some organizations, including banks, have also donated billions of Naira to help fund medical centers and provide essential materials necessary to curtail the spread of coronavirus in the country.

The United Bank for Africa, UBA, announced a donation of 5 billion Naira (about $13 million) to provide beds for isolation centers, intensive care unit facilities and direct access to medical advice to up to 450,000 citizens every day.

Some billionaires among them, Femi Otedola, Abdulsamad Rabiu, Herbert Wigwe, Segun Agbaje and Aliko Dangote, Africa’s richest man, all contributed 1 billion Naira (about $2.7 million) each to support the government in curtailing the pandemic as Nigeria gears up in its fight against the pandemic.

By Amos Fofung

The Development Bank of Central African States, BDEAC is finalizing plans to doll out cira 90 billion francs CFA to governments of the six member states of the Central African Economic and Monetary Community, CEMAC, to enable them cushion the negative economic impact caused by the coronavirus pandemic.

This was the major decision reached when Finance Ministers of CEMAC met in Brazzaville, the Congolese capital on March 29, to ponder on the economic slum looming within the sub region, nay the world, because of the economic slowdown caused by the coronavirus outbreak worldwide.

During what they categorized as an extraordinary meeting, Finance Ministers from Cameroon, Chad Republic, Gabon, Equatorial Guinea, Central African Republic and Congo Brazzaville took much time in analyzing the impact of this pandemic on the economic fabric of their nations and the sub region in general.

They noted that with the drastic fall in price of a barrel of oil and the drop in trade deals across the sub region, Africa and the world, there was a need for such a subsidy to enable CEMAC member states face the crisis situation.

In a press release issued by the Permanent Secretary of the CEMAC Economic and Financial Reform Programme, PREFCEMAC, the Bank of Central African States, BEAC will make this money available to the sub region’s development bank. PREFCEMAC specified that the money will be channeled to finance public projects relating to the fight against the COVID-19 pandemic and the strengthening of health systems within member states.

Before this decision emanated from the extraordinary meeting of CEMAC Finance Ministers, the sub regional development bank had already dished out 500 million francs CFA to each member state to enable governments take precautionary measures as the outbreak of the coronavirus pandemic was announced.

Development and Central Bank officials also announced that BEAC will double the weekly credits it normally gives to credit banks. This will rise from 250 billion francs CFA to 500 billion francs per week.

This is also in line with the statutes of the monetary policy committee which met a few days before the Finance Ministers’ met and deliberated by videoconference.

The sub region’s monetary officials also assured that all interest rates normally attributed to calls for tender will be lowered by 25 basis points, as well as the revised marginal loan facility rate by 100 points.