Wednesday, 7th December 2022
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How COVID-19 impacts SSA remittances

The World Bank says it expects global remittances to drop by 20 percent this year, over the economic crisis brought about by shutdowns initiated to contain the COVID-19 pandemic. Michael Kent, Founder and CEO of Azimo joins CNBC Africa to discuss the implication for sub-Saharan Africa.

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Amid falling prices of raw materials, recession, and now COVID-19, Africa is in serious trouble as debt burden grows. Zambia is on the brink of defaulting on its foreign debt as a so-called grace period expires. 
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The World Bank has downgraded its previous prediction for global growth in 2021 to 4 percent. The organisation warned of a subdued recovery that could lag even further if countries do not stem the rise in coronavirus infections and effectively deploy vaccines. The European Union is also starting to look ahead to how to spend its recovery fund – with the largest recipient, Italy, on the brink of political crisis.
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The brewer Heineken is cutting 8,000 jobs around the world, around 10 percent of its current workforce. The Dutch company reported losses of €204 million for 2020, as Covid-19 restrictions shut down much of the hospitality sector over the past year. Also today, we look at President Joe Biden's efforts to win support from business leaders for his $1.9 trillion economic rescue plan. He hosted several top CEOs for a meeting in the White House on Tuesday, along with Treasury Secretary Janet Yellen.
17 Feb 2021
A recent report by the Economist Intelligence Unit on the state of democratic freedoms has downgraded France to a "flawed democracy", as civil liberties in rich and poor countries alike come under attack amid Covid-19 restrictions. We discuss the delicate balancing act of protecting individual freedoms in the midst of a global health crisis with the report's author Joan Hoey, Europe Editor at the Economist Intelligence Unit. She says that although "nobody has put forward a convincing alternative to the policy of lockdowns and social distancing", checks and balances remain essential.
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Rich countries need to share their Covid-19 vaccines evenly amongst the entire global population, or else the coronavirus will never go away. That's the message from the organisation The ONE, which campaigns to end extreme poverty and preventable disease. The NGO has created a series of films called "Pandemica" to highlight the argument that if Covid-19 is not tackled universally, it will continue to mutate and cross borders. We spoke to the deputy director of The ONE in France, Maé Kurkjian.
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The global economy is heading for its strongest – but most uneven – recovery on record. The World Bank has warned that more international cooperation is needed to ensure more equitable distribution of Covid-19 vaccines to help developing economies rebuild. Franziska Ohnsorge, Manager of the Prospects Group at the World Bank, says that vaccinations and economic recovery will go hand in hand. Also in the show: French gyms prepare to reopen after being closed for more than seven months.
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The global economy is heading for its strongest - but most uneven - recovery on record. The World Bank has warned that more international cooperation is needed to ensure more equitable distribution of Covid-19 vaccines to help developing economies rebuild. Franziska Ohnsorge, Manager of the Prospects Group at the World Bank, says that vaccinations and economic recovery will go hand in hand. Also in the show: French gyms prepare to reopen after a more than seven month closure.
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