How resilient is the remittance market to the COVID-19 shock?
25 September 2020 |
12:53 pm
Amsterdam based online remittance service provider Azimo says it has entered into a partnership with China's Alipay. Azimo says despite the World Bank's projection of a 23 per cent decline in remittances in 2020, figures from its operations in Nigeria show a 20 per cent increase, while the number of transfers to bank accounts doubled during the COVID-19 lock-down period. Azimo CEO, Richard Ambrose and Egie Akpata, Director at UCML Capital join CNBC Africa for more.
Related
3 Jul 2022
The two pathogens that cause monkeypox and COVID-19 have a few things in common, but there are also many differences – especially when it comes to ease of transmission.
16 Jul 2022
The COVID-19 variant Omicron BA.5 has the ability to reinfect people within weeks of contracting the virus, experts have warned. BA.5 is currently outpacing other variants in infection and is the dominant strain in the US and abroad. "What we are seeing is an increasing number of people who have been infected with BA.2 and then becoming infected after four weeks," Andrew Roberston, Chief Health Officer In Western Australia.
18 Jul 2022
German hospitals are struggling as beds fill up and nursing staff falls ill with COVID. Even freshly trained health care workers complain about unsustainable levels of stress and worsening conditions.
22 Jul 2022
United States of America's President, Joe Biden has tested positive for COVID-19. White House press secretary, Karine Jean-Pierre, disclosed in a statement, noting that the 79-year-old president is experiencing “very mild symptoms.” Biden is fully vaccinated with the Pfizer-BioNTech COVID-19 vaccine
27 Jul 2022
Two studies indicate that COVID-19 emerged from an animal-to-human spillover at a market in China's city of Wuhan. Both papers bolster the theory that the virus emerged naturally, rather than escaping from a Chinese lab.
15 Aug
An explosion at a market in the Armenian capital, Yerevan, has killed at least one person and injured many more. The initial blast sparked a fire.
29 Aug
German leaders are debating how to deal with a potential increase in coronavirus infections once the colder months begin. But COVID plans are controversial. DW's Thomas Sparrow has the details.
3 Sep
Dealers and consumers alike are lamenting the galloping spike in the landing cost of automotive spare parts that has increased by at least 40 to 100 percent in the last couple of weeks. The upsurge in prices, on account of the protracted foreign exchange crisis, port charges, and logistics, robbed consumers of purchasing power and deprived dealers of patronage.
14 Sep
The World Health Organization (WHO) found that roughly 10% to 20% of Europeans who recovered from COVID-19 suffered from long-term health effects such as fatigue, breathlessness and cognitive dysfunction.
20 Sep
US President Joe Biden's claim in a TV interview that "the pandemic is over" has triggered a sell-off, wiping over $10 billion off the market value of the main Covid-19 vaccine makers. Investors are worried about public apathy towards Covid and the resulting impact on demand for vaccines and boosters.
28 Sep
The condition that home buyers across China has been so dire that, they started collective disobedience in June, threatening to halt mortgage payments if the construction did not resume. Till July, homebuyers in 80 Chinese cities had refused to pay their mortgages, affecting the future of over 200 projects.
29 Sep
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.
Latest
1 hour ago
US oil company ExxonMobil recorded a net profit of $56 billion last year, beating its previous 2008 record. It benefitted from a surge in prices following the Russian invasion of Ukraine and a cost-cutting drive during the pandemic.
1 hour ago
Getting enough sleep is essential to good health, but millions of people struggle with it. As a result, many of us turn to calming music in the hopes that it will lull us to sleep.
1 hour ago
Australia will replace the portrait of Queen Elizabeth II on its $5 banknote with a new design to reflect and honor the history of its Indigenous culture. King Charles III will feature on Australian coins, though.
1 hour ago
Women in low-income communities in India learn how to use energy efficiently. It’s a win-win for the climate as well as the household budget. For many it is the first time they understand the connection between fossil fuels and global warming.
4 hours ago
Scientists in Brazil are hopeful that a campaign to vaccinate endangered monkeys against yellow fever could save them from extinction. The last outbreak of the disease decimated the population of highly vulnerable golden lion tamarin monkeys.
4 hours ago
For months, European leaders have sought a united response to the US Inflation Reduction Act, or IRA. That plan, announced by the White House last year, favours American-made climate technology through subsidies and tax credits. But EU chiefs say the policy discriminates against Washington's closest partner, Europe.