\u201cThe interconnectivity indebtedness valued at more than N70 billion is a huge challenge to infrastructure diversification and inimical to healthy competition.\u201d<\/blockquote>\r\nAdvantages of Digital Economy<\/strong><\/h4>\r\nThe new economy has various advantages. Some of these merits are access to information, saving on time, reduced expenses, lowering barriers to entry, and enables people to work from home. During this coronavirus pandemic, digital technologies have helped the world to avoid further economic decline.\r\n\r\nMORE:<\/strong>\r\n
\r\n \t
- Hussein Ali, Tanzanian Presidential Candidate Promises Better Economy in Zanzibar<\/a><\/strong><\/li>\r\n \t
- South Africa’s Economy Contracts 51% in the 2nd Quarter<\/a><\/strong><\/li>\r\n<\/ul>","post_title":"Nigeria's Federal Government Restates Agenda On Digital Economy","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigerias-federal-government-restates-agenda-on-digital-economy","to_ping":"","pinged":"","post_modified":"2020-10-22 04:58:57","post_modified_gmt":"2020-10-22 04:58:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africaotr.com\/?p=20350","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"3","filter":"raw"},{"ID":20248,"post_author":"17","post_date":"2020-10-19 14:45:07","post_date_gmt":"2020-10-19 14:45:07","post_content":"Kenya could be headed for a second surge of the deadly coronavirus. COVID-19 infections in the country continue to spike daily after the President announced further easing of restrictions.\r\n
Kenya Lifts Some Restrictions <\/strong><\/h2>\r\nKenya's President Uhuru Kenyatta announced the easing of restrictions on Monday in a nationwide address. Restrictions were put in place in Kenya in early March to help contain the spread of the coronavirus. However, the restrictions affected Kenya's economic life, and the President was under pressure to reopen the country. Thus, on Monday, the head of state announced that there would be a phased reopening meant to strike an equilibrium between containing the virus and sustaining Kenya's economy.\r\n\r\nPlaces of worship were allowed to open but were limited to a maximum of 100 people inside. Church service or events could only last for one hour. Only congregants between the ages of 13 to 58 could attend church service. These individuals could only join in worship if they didn't have any underlying medical condition. The President also declared that local air travel would resume while international air travel would restart in August.\r\n\r\nRestrictions in and out of Nairobi, which is Kenya's coronavirus epicenter, were lifted. Travel in and out of Mombasa and Mandera counties was now possible after the President lifted their restrictions.\r\n
Bringing Back of Restrictions<\/strong><\/h2>\r\nSome previous restrictions put in place, however, remained. Political and social gatherings, for instance, were still prohibited. The country's dusk-to-dawn nationwide curfew put in place in March would continue for another 30 days.\r\n\r\nPresident Kenyatta stated that he intended to reopen the country and for it to remain open. Thus he asked Kenyans to exercise shared and civic responsibility so that everything could go back to normal. However, the President added that if the situation deteriorated and posed a challenge to Kenya's health infrastructure, then the restrictions would be brought back.\r\n\r\nA study of the patterns of interactions and the disease's spread would be conducted in Kenya for the next 21 days. Kenya would go into lockdown if the patterns and disease spread signaled a worsening trend of the pandemic.\r\n
Second Wave of Infections in Kenya<\/strong><\/h2>\r\nEver since the President lifted some restrictions in Kenya, studies show COVID-19 infections keep rising. Kenya's health minister said that the infection rate had jumped to 12% from 4%. Additionally, ICU admissions had increased in hospitals after lifting of some restrictions.\r\n\r\nThe health minister said that lifting of some restrictions triggered laxity in social distancing. Wearing face masks, especially in bars and political rallies had gone entirely through the window. People were violating containment protocols and advice from experts, which only leads to increased infections. Kenya's health minister told Kenyans that the Nation would witness many new cases of infections each day. Because of the increase, a second wave would soon hit Kenya without a doubt. Having reopened bars, churches, and schools, 616 case new virus cases were reported on Saturday, while 685 cases were reported on Sunday.\r\n\r\nMORE:<\/strong>\r\n
\r\n \t
- Struggle Among Kenyan Parents as Schools Reopen Amid the Pandemic<\/a><\/strong><\/li>\r\n \t
- How Kenya Can Ensure Proper Health Care for Its Older People<\/a><\/strong><\/li>\r\n<\/ul>","post_title":"Kenya Could Be Headed for Second Surge of Coronavirus","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"kenya-could-be-headed-for-second-surge-of-coronavirus","to_ping":"","pinged":"","post_modified":"2020-10-19 14:45:07","post_modified_gmt":"2020-10-19 14:45:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africaotr.com\/?p=20248","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"1","filter":"raw"},{"ID":20183,"post_author":"15","post_date":"2020-10-18 12:35:27","post_date_gmt":"2020-10-18 12:35:27","post_content":"The Group of 20 nations in the world with the largest economies in the world came to an agreement to pardon poor countries on their accrued debts. This is in regard to proposed measures to help cushion the underdeveloped and partly developing countries from the corona pandemic. A six-month relief to be precise has been made available to 46 out of the 73 states in debt with the group. A total of $14 billion debt would have been realized as a result of the pandemic at the end of the year. The virtual meeting held on Wednesday mandated the countries in debt up to June 2021 to continue paying their dues to the G20.\r\n
G20 Dept Extension Agreements<\/b><\/h2>\r\nAs much as the group is putting in regulations to ease up the economic tensions brought by the pandemic, not everyone is on the same page.\u00a0 A good number of international aid groups are in agreement. This will go up to a one-year extension on debt financing was not the best measure to employ. The burden of the debt has only been suspended not cleared.\r\n\r\nAid groups like Amnesty International, Transparency International. And CIVICUS group had earlier written to the G-20 group towards granting debt relief. The groups explained how some of the countries in debt had been really affected by the pandemic. Hence rendering them economically and financially unstable. For this reason, any measures to lessen their strain through a debt relief would really come in handy for the poor countries. Some countries like Pakistan wish the debt could even be canceled.\r\n
\u00a0The Unforeseen Contingencies<\/strong><\/h3>\r\nWith the debt payment extension already in play till next year, most of these countries are not aware of what lies ahead. According to an official managing debt policy from Oxfam International, Jaime Atienza, the delay will only steer them into a worse economic depression. This will leave most of these poor countries in an unbearable state of providing social safety nets and even making health investments. Nonetheless, Oxfam with other groups is still advocating for a suspension in debt payment for the poor countries from private lenders and investment funds as well.\r\n
China Remains Adamant about Debt Relief Plea<\/strong><\/h4>\r\nAlthough most countries have taken up the bid on debt relief, china still hasn\u2019t fully borrowed the idea. In fact, china went ahead to reject some of these rules. The country is a major creditor to many poor countries. As of now, its economic and geopolitical interests seem to be more important than the debt relief.\r\n\r\nG20 chair, Mohammed Al-Jaadan affirmed the importance of being empathetic during this distressful times.\u00a0 Supporting the underdeveloped countries in curbing the pandemic and reviving their economic states is at most called for. The debt service suspension should not only be enacted by the G20 but also private creditors were urged to join in. The group is also looking forward to ways in which they can expand on the number of countries under the debt relief plan.\r\n\r\nMore:<\/strong>\r\n
\r\n \t
- How Dr. Colman Spends Her Cash Well Despite Having Debts<\/a><\/li>\r\n \t
- The Top Ten African Countries with The Most Chinese Debt<\/a><\/li>\r\n<\/ul>\r\n \r\n\r\n \r\n\r\n ","post_title":"G20: Additional 6-Month Debt Suspension for Poor Nations","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"g20-additional-6-month-debt-suspension-for-poor-nations","to_ping":"","pinged":"\nhttps:\/\/africaotr.com\/how-dr-colman-spends-her-cash-well-despite-having-debts\/","post_modified":"2020-10-18 12:36:46","post_modified_gmt":"2020-10-18 12:36:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africaotr.com\/?p=20183","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"1","filter":"raw"}],"next":false,"prev":true,"total_page":25},"paged":1,"column_class":"jeg_col_3o3","class":"jnews_block_14"};