How COVID-19 could condemn millions of Africans into extreme poverty
By CNBC
08 July 2020 |
3:04 pm
The African Development Bank says an additional 49 million Africans could be pushed into extreme poverty by the Covid-19 pandemic and its aftermath. This was in the updated forecast of the Africa Economic Outlook, where they expect Central Africa and West Africa to be the hardest-hit regions. Kayode Akindele, Partner at TIA Capital joins CNBC Africa for more.
In this article
Related
Related
29 Sep 2022
US President Joe Biden has declared the pandemic to be "over," but hundreds still die in the US daily. Patient advocates and researchers warn that public health and the economy are still at risk.
1 Oct 2022
Like most new mothers, Serena's life was upended when she had a baby, and balancing her education with mothering led to trauma and stress. But unlike most, she was only 15 years old.
6 Oct 2022
Germany's world-famous Oktoberfest has kicked off for the first time since the pandemic. Despite fears that the event could lead to an increase in COVID-19 infections, there aren't any restrictions in place this year.
7 Oct 2022
Despite the pandemic and a huge crisis in the aviation industry, Lufthansa has launched a new airline. Eurowings Discover flies to holiday destinations in Africa. Staff are paid less than at parent company Lufthansa, but are happy to have work after the pandemic.
29 Oct 2022
Created to reduce the gaps and inequalities between the different regions of the European Union, the bloc's cohesion policy was caught out by the unexpected arrival of Covid-19. But did it fail to act against the pandemic? We take a closer look.
30 Oct 2022
Resistance to antibiotic drugs was already a problem in India before the pandemic. Doctors say it's gotten a lot worse.
15 Nov 2022
In late 2019 a mysterious respiratory infection surfaced in China. COVID-19 soon spread around the world. How much longer do we need to worry about infection and potential damage to the heart, lungs and brain?
25 Nov 2022
Violence against women has increased significantly worldwide during the coronavirus pandemic. The victims' association Weisser Ring estimates there was an increase of around ten percent in 2020. The number of unreported cases is also very high.
28 Dec 2022
Famous German virologist Christian Dorsten believes the coronavirus pandemic has ended and COVID-19 is now an endemic disease. And Justice Minister Marco Buschmann called for the last restrictive measures to be lifted.
4 Mar
FBI Director Christopher Wray has accused China of obstructing US efforts to find the cause of the coronavirus pandemic. He said his agency believes COVID-19 spread due to a lab accident in the city of Wuhan.
5 Mar
For the first time in three years, the major German airline has turned a profit as millions of travelers return to the skies. But continuing workforce issues may hamper expansion in 2023.
Latest
1 hour ago
Protesters are demanding an end to fossil fuels as the UN warned that its 2015 sustainable development goals were not going to be met. The march comes just ahead of the UN General Assembly.
1 hour ago
The island's defense ministry said the number of Chinese military aircraft was a "recent high."
1 hour ago
Military officials are looking for the F-35B Lightning II jet after a "mishap" off South Carolina's coast. The pilot ejected safely.
4 hours ago
Climate change is disrupting China’s tea industry. The country is the world's leading producer of tea leaves, but this year, spring harvests fell by 20%, according to official figures. What’s more, the taste of the national beverage is also changing – the consequences of last summer’s drought. Lou Kisiela, Antoine Morel, Yan Chen and Yena Lee bring us this report from Hangzhou, China.
4 hours ago
The use of artificial intelligence in game development is expected to increase tenfold in the next few years. What does this mean for game creators and players?
7 hours ago
A bus carrying employees from a diamond mine in Limpopo reportedly collided with a lorry. Road safety is a critical challenge in South Africa, despite the country's advanced road infrastructure.