| Africatime
Saturday 25 October 2014
(AFP (eng) 10/24/14)
European Union leaders agreed Friday to boost aid to combat the deadly Ebola virus in west Africa to one billion euros ($1.26 billion), EU president Herman Van Rompuy said. "EU will increase financial help to 1.0 billion euros to fight Ebola in West Africa," Van Rompuy tweeted on the second day of an EU leaders' summit in Brussels. The 28 member states and the European Commission have already pledged nearly 600 million euros to pay for medical staff and facilities in the worst affected countries -- Liberia, Sierra Leone and Guinea, where some 4,900 people have died of the disease. British Prime Minister David Cameron has led calls to raise 1.0 billion euros, urging his...
(AFP 10/24/14)
L'Union européenne va porter son aide financière pour combattre Ebola en Afrique de l'Ouest à un milliard d'euros, a annoncé vendredi le président du Conseil européen, Herman Van Rompuy. Le cap du milliard avait été fixé par le Premier ministre britannique, David Cameron, alors que la contribution européenne s'établissait jusqu'à présent autour de 600 millions d'euros. Selon la chancelière allemande Angela Merkel, les dirigeants européens devaient aussi s'entendre sur "combien de personnel" l'Europe est en mesure de déployer dans les pays touchés, Sierra Leone, Liberia et Guinée. Le manque de personnel soignant sur le terrain est considéré comme un "défi...
(The Guardian 10/24/14)
Research in the Lancet Infectious Diseases journal suggests current efforts will not bring the outbreak under control. The international response to the Ebola epidemic in west Africa is too slow and providing too few beds for the sick to stop the soaring number of cases and deaths, scientists say. A paper in the Lancet Infectious Diseases medical journal models the response in Montserrado, Liberia, against the spread of the virus and warns that current efforts will not bring the outbreak...
(Business Day Online 10/24/14)
The rally in African debt markets has come to an abrupt halt as countries in the west of the continent battle to contain the spread of Ebola. Nigeria, which has been declared Ebola-free by the World Health Organisation (WHO), has seen prices fall for its dollar-denominated government debt, pushing the yield up from 4.9 percent to 5.4 percent in the space of about a week the Financial Times reports. Ghana has deferred the sale of a local currency bond scheduled...
(AFP (eng) 10/23/14)
African nations will send more than 1,000 health workers to Ebola-ravaged Liberia, Sierra Leone and Guinea, the head of the African Union Commission said Thursday. "Several African member states have pledged to send in a number of health workers to Liberia, Sierra Leone and Guinea, including DR Congo which will send around 1,000 workers in three groups," Nkosazana Dlamini-Zuma told reporters in Freetown. "Though we are awaiting other responses, East Africa has responded and pledged more than 600 health workers,"...
(AFP (eng) 10/23/14)
The families of every Guinean health worker who has died in the Ebola outbreak will be compensated for their loss with $10,000 (7,800 euros), the government said Wednesday. A total of 42 families are currently eligible for the payout, said Sakoba Keita, the minister in charge of the government's Ebola response in Guinea, one of three countries most affected by the outbreak. The figure includes the eight members of an Ebola education team who were killed last month when they...
(The Guardian 10/23/14)
Fears are growing that the economic impact of the Ebola crisis could lead to unrest and political crises in west African countries. Farmers in Liberia are too frightened to work together in their fields, fertilisers and seeds are stuck on the other side of closed borders, markets are almost empty, people have less money because jobs that involve physical contact with others are disappearing, and prices for everything from cassava to palm oil are rising. It’s a devastating chain reaction...
(Ventures-Africa 10/23/14)
VENTURES AFRICA – The first ever African Women in Real Estate Network is set to increase participation and opportunities for women in the sector, according to Ruth Obih, CEO of 3Invest, a service real estate consulting and investment firm based in Lagos, Nigeria. Referred to with the acronym A.W.I.R.E., the network was launched at the recently concluded Real Estate Unite, arguably the largest gathering of real estate professionals in Africa. “If we in the real estate are committed to our...
(SouthAfrica.info 10/23/14)
The International Monetary Fund (IMF) expects the strong growth trends that sub-Saharan Africa has been experiencing in recent years to continue in the next two years, albeit at a faster rate. Releasing the October 2014 IMF Regional Economic Outlook: Sub-Saharan Africa report on 20 October, director of the IMF’s African Department, Antoinette Sayeh, said the region’s economy is forecast to continue “growing at a fast clip, expanding by about 5% in 2014, the same level as in 2013, and accelerating...
(Reuters (Eng) 10/22/14)
The United States ratcheted up its safeguards against Ebola on Tuesday, requiring travelers from three countries at the center of an epidemic in West Africa to fly into one of five major airports conducting enhanced screening for the virus. Restrictions on passengers whose trips originated in Liberia, Sierra Leone or Guinea were announced by the U.S. Department of Homeland Security and due to go into effect on Wednesday. The precautions stop well short of the travel ban sought by some...
(AFP (eng) 10/22/14)
The Ebola epidemic will take at least four months to contain even if all necessary steps are taken, the global head of the Red Cross said Wednesday, warning of "the price for inaction". The deadliest-ever outbreak of the haemorrhagic fever has claimed more than 4,500 lives in West Africa, and experts warn the rate of infections could reach 10,000 a week by early December. There is no licensed vaccine or cure for Ebola, which has also spread in several isolated...
(AFP (eng) 10/22/14)
African Union chief Nkosazana Dlamini-Zuma will travel to Ebola-hit west African nations, one of the most senior officials to do so since the outbreak, her spokesman said Wednesday. AU Commission chair Dlamini-Zuma will visit Guinea, Sierra Leone and Liberia "to assess the situation first hand", her spokesman said in a statement, without giving the exact dates of the trip. She will be accompanied by UN Economic Commission for Africa (UNECA) chief Carlos Lopes, as well as the African Development Bank (AfDB) president Donald Kaberuka.
(BBC News Africa 10/22/14)
The World Health Organisation is set to hold emergency talks to discuss the Ebola epidemic. The meeting will assess the efforts so far to control the virus, which continues to spread in the worst affected countries in West Africa. New rules in the US require travellers from Liberia, Guinea and Sierra Leone to arrive at one of five airports. Meanwhile a curfew has been imposed in a town in Sierra Leone after two people were shot dead in riots on...
(AL Jazeera 10/22/14)
A Cuban medical team is set to arrive in Liberia to help tackle the spread of the Ebola virus, the foreign ministry has said in a statement. The ministry said a 52-member team comprising doctors, nurses, epidemiologists, intensive care doctors, general practitioners, surgeons, pediatricians, intensive care nurses, anesthetists and licensed nurses will arrive in the capital on Wednesday. The statement said the ministry was informed of the medical team's imminent arrival by Jorge Fernando Lefebre Nicolas, Cuban ambassador to Liberia. The ambassador said the arrival signalled his government's strong solidarity with Liberia.
(Ventures-Africa 10/22/14)
VENTURES AFRICA – The International Monetary Fund (IMF) has warned African countries that rushing to issue Eurobonds could raise debt levels and undermine growth as they may face exchange rate risks and problems repaying debts. Several African countries, especially those once burdened with debts, have issued Eurobonds to raise money for capital projects. Reuters News Agency quotes the director of IMF’s African Department, Antoinette Sayeh, as saying, in an interview on Monday, that such Eurobonds come with risks. “Whereas what...
(The Associated Press 10/21/14)
Tens of thousands of doses of experimental Ebola vaccines could be available for "real-world" testing in West Africa as soon as January as long as they are deemed safe, a top World Health Organization official said Tuesday. Dr Marie Paule Kieny, an assistant director general for WHO, said clinical trials that are either underway or planned in Europe, Africa and the U.S. are expected to produce preliminary safety data on two vaccines by December. If the vaccines are declared safe,...
(Cnbc Africa 10/21/14)
The group warned that the overall positive outlook being overshadowed by pockets of acute difficulty in a few countries. “In Guinea, Liberia, and Sierra Leone, the Ebola outbreak is exacting a heavy human and economic toll. In addition, the security situation continues to be difficult in some countries, including the Central African Republic and South Sudan,” said the International Monetary Fund (IMF). The report also said, in a few other countries activity was facing headwinds from domestic policies. “In South...
(The Associated Press 10/21/14)
The European Union committed itself Monday to step up efforts toward getting 1 billion euros ($1.27 billion) in aid to fight Ebola in West Africa and rejected the idea of halting direct flights coming from the region. The EU foreign ministers set off a week of continentwide action with a pledge "to play an active role in enhancing the international response" to Ebola, which so far has been late and insufficient to contain the deadly virus that has claimed at...
(Bloomberg 10/21/14)
Ebola’s economic effects in Africa are proving hard to quarantine even in the 49 of 54 countries that are untouched by the virus. Corporate events are being canceled, international investors are declining to visit and multinationals are on high alert. The International Monetary Fund yesterday cut its forecast for economic growth in sub-Saharan Africa this year to 5 percent from 5.5 percent, due in part to “economic spillovers starting to materialize” from the outbreak. The ripple effects present a fresh...
(Reuters (Eng) 10/20/14)
Food prices have climbed by an average of 24 percent across the three countries worst hit by the Ebola outbreak, forcing some families to reduce their intake to one meal a day, a World Food Program spokeswoman said Friday. The sobering news was offset somewhat by reports Friday that the outbreak has been contained in Senegal and that four people suspected of infection have tested negative in Spain. The food-producing regions of Guinea, Sierra Leone and Liberia in West Africa...

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