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East Africa: Region Facing Cash Crisis After Delay in 2021 Budget Presentation

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[East African] The East African Community is set to miss the annual budget reading deadline for the financial year starting on Wednesday, July 1, pushing the trading bloc into a financial crisis that could paralyse many of its operations.

Source : African Media Agency (AMA)

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African Media Agency -English

Global Leaders Map strategies for Africa’s Post COVID-19 Recovery at the 4th ALM Virtual Africa Summit 2020

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PORTSMOUTH, United Kingdom, June 29, 2020,-/African Media Agency (AMA)/- According to a report by the AU, Africa will lose about 20 million jobs in 2020 due to the COVID-19 pandemic. A study conducted by the global auditing firm McKinsey “Tackling COVID-19 in Africa,” stated that Africa’s economies could experience a loss of between $90 billion and $200 billion in 2020. The scale of disruption caused by COVID-19, which has been further exacerbated by poor health infrastructure in the continent, has been of grave concern to business, political and diplomatic leaders in the continent and beyond. 

In response to the growing concern, and as part of its mandate of evolving solutions to the continent’s challenges, African Leadership Magazine UK organized the 4th annual African Summit with the theme COVID-19: Pathways to Africa’s Economic Recovery and Future Growth.  

The
event which held virtually on the 25th June 2020, assembled global leaders,
including Her Excellency Baroness Patricia Scotland, Commonwealth
Secretary-General; His Excellency Rt. Hon. Ambrose Dlamini, Prime Minister of
Eswatini, Her Excellency Jewel Howard-Taylor, Vice President of Liberia, Lord
Dollar Popat, Member UK House of Lords and UK Prime Minister’s Envoy to Rwanda
and Uganda, among others. 

Her Excellency Baroness Patricia Scotland, Commonwealth Secretary-General

Lending
her voice to the discussion, SG Scotland, in her opening remark, stated that,
“as the nations of the Commonwealth and the world more widely work to
rebuild economic and social fabric and infrastructure, the need for
inclusiveness and resilience will be of utmost concern. Inclusiveness and
resilience have long been Commonwealth watchwords. They are also central to the
2030 Agenda for Sustainable Development.” 

Continuing,
she maintained that, “I believe they are vital considerations as we set
out to map Pathways to Africa’s Economic Recovery and Growth, and as we move
forward from the massive disruption and dislocation caused by
COVID-19.” 

On his
part, Prime Minister Dlamini averred that “In a nutshell, Eswatini’s
pathway to post COVID-19 recovery is focused on boosting the private sector and
streamlining the fiscal adjustment plan.” He also maintained that, “Early
projections are estimating growth to be around 1.5 per cent with the
implementation of the program.”

“In a
way, this pandemic provides us with the opportunity to institute reforms in Government
with the focus firmly on achieving the milestones articulated in the
Sustainable Development Goals (SDGs),” he said.   

Similarly,
Vice President Taylor, maintained that “Countries and governments are
under obligations to ensure that women and girls survive the surge of violence
against them because everyone is in a survival mode since predators are preying
on the vulnerability of women and girls.”

 “Countries
across Africa are in lockdown mode, and this is having devastating effects on
the continent’s population- a majority of whom have to live below the poverty
line and have to hustle to win bread for themselves. If these people are asked
to stay home, you can imagine what that means for them. The lockdown makes
access to essential social services nonexistent.

VP Howard-Taylor said despite the glomming global picture; policy makers must showcase Africa as the new frontier,” she said. 

Lord
Dolar Popat, on his part, called on African leaders to see COVID-19 crisis as
the best opportunity to change its mindset and position the continent as the
next labour market of the future.

In his
words, “Africa must redesign itself”.

The
publisher and founder of the African Leadership magazine and host of the Africa
Summit 2020, Dr Ken Giami, in his earlier welcome address called on all
stakeholders in the Africa project, including non-African lovers of the
continent, to join hands and build partnerships for Africa’s recovery and
future growth, as the continent navigates the challenges arising from the
COVID-19 pandemic.

Dr
Giami noted that ‘the World as we knew it may have changed forever. Therefore,
as we adjust to the unfolding new normal, I call on all stakeholders of the
Africa project to do the hard work and the smart work required, so we can build
a resilient and sustainable pathway to Africa’s future’.

A panel
discussion on the theme also presented an opportunity for experts to share
their views of Post COVID-19 recovery pathways for the continent. Panelists
were drawn from politics, diplomacy, business and academia. The discussants
include Sen. Manqoba Khumalo, Minister of Commerce & Trade, Kingdom of
Eswatini; Hon. Hamat Bah, Minister of Culture & Tourism, The Gambia; Dr
Christian Lindfeld, Managing Partner, Africa Advisors GmbH; Dr Victor
Oladdokun, Former Director of Communications, African Development Bank; Senyo
Hosi, Chairman Ghana Chamber of Bulk Oil Distributors, Saul Frazer, CEO Global
Properties, Gambia; and Professor Samuel Edoumiekumo, among others. 

Highlights
of the event included the unveiling of the top 100 COVID-19 Champions; the
launch of the African Business Council; and the presentation of an award to
selected leaders for their exemplary leadership. 

The annual Africa Summit traditionally holds in London UK, but, held virtually this year due to the COVID-19 disruption. The event It is part of African Leadership magazine’s response to the debate on resetting Africa’s development priorities post-COVID-19.

Distributed by African Media Agency (AMA) on behalf of African Leadership Magazine.

About African Leadership Magazine: 
The African Leadership magazine is published by African Leadership (UK) Limited, a company registered in the United Kingdom. The magazine focuses on bringing the best of Africa to a global audience, telling the African story from an African perspective; while evolving solutions to peculiar challenges being faced by the continent today.

Since
its maiden edition, African Leadership Magazine has grown to become a leading
Pan-African flagship leadership-focused publication read by over 1, 000, 000
targeted international investors, business executives, government policymakers,
and multilateral agencies across Africa, the Middle East and Asia, Europe, and
the US. It is distributed at major international and African Leadership events
around the world. The magazine has over 900,000 subscribers/Followers on
Facebook and a virile readership on other social media platforms. It is a niche
and unbiased African voice born out of a desire to ameliorate a lot of Africans
by focusing on individuals and corporates that are known for their legacy-based
approach to leadership.

Enquiries
Kingsley Okeke
Managing Editor, African Leadership magazine
+44 23 9265 8276
kingsley@africanleadership.co.uk

Source : African Media Agency (AMA)

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African Media Agency -English

Merck appoints Ramsey Morad as Regional VP for MEAR

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Ramsey Morad to lead the Healthcare business for Merck in Middle East, Africa, Turkey and Russia & CIS

DUBAI, United Arab Emirates, June 29, 2020,-/African Media Agency (AMA)/- Merck, a leading science and technology company, recently appointed Ramsey Morad as Regional Vice President for the Healthcare business in Middle East, Africa, Turkey and Russia & CIS (MEAR). Morad is now responsible for leading all business operations of Merck’s Healthcare business in this region.

Ramsey Morad, Regional Vice President for the Healthcare business in Middle East, Africa, Turkey and Russia & CIS (MEAR)

Morad is a well-regarded and experienced pharmaceutical executive with more than 25 years of industry experience across Europe, the Middle East and Africa.

“I am very excited to join Merck, a leader in science and technology, and head such a dedicated and driven organization. With its innovative, research-driven, specialty healthcare solutions, Merck is well-positioned to respond to the patients’ needs across the region and help them live a better life. I look forward to contributing to that by expanding our portfolio as well as extending its reach,” said Morad.

Merck’s Healthcare business in MEAR is represented in the therapeutic areas of General Medicine and Endocrinology (including Cardiometabolic Care), Fertility, Neurodegenerative Diseases and Oncology.

Joining from Allergan, Morad was the VP and Region Head of India, Middle East and Africa, leading the organization across 24 markets. Prior to Allergan, Morad was with Shire, in charge of the Eurasia, Middle East and Africa Region, where he led the integration efforts with Baxalta, established and expanded the company’s geographical footprint. Prior to Shire, Morad spent 17 years with MSD working in different roles of increasing responsibility across 6 countries including in regional leadership, general management and regional marketing.

Morad is a pharmacist with an MBA from Henley Business School. He was born and raised in the United States and over the years had the opportunity to live and work in several countries in Europe and the Middle East.

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

About Merck 
Merck, a leading science and technology company, operates across healthcare, life science and performance materials. Around 57,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From advancing gene editing technologies and discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2019, Merck generated sales of € 16.2 billion in 66 countries. Scientific exploration and responsible entrepreneurship have been key to Merck’s technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as EMD Serono in healthcare, MilliporeSigma in life science, and EMD Performance Materials.

Media Contact
Gaëlle Thisse
Email: gaelle@africanmediaagency.com

Source : African Media Agency (AMA)

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African Media Agency -English

Africa: Africa Must Go Beyond Ending Conflict, and Tackle Its Root Causes

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[Africa Renewal] Hanna Tetteh is the United Nations Under-Secretary-General and Special Representative of the Secretary-General to the African Union. As head of the UN Office to the African Union (UNOAU), Ms. Tetteh spoke with Africa Renewal’s Kingsley Ighobor on, among other issues, the current state of the UN-AU partnership and how women and young people can help resolve conflict. These are excerpts from the interview:

Source : African Media Agency (AMA)

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