Showing posts with label Covid 19 cases in India. Show all posts
Showing posts with label Covid 19 cases in India. Show all posts

Monday, 23 March 2020

Coronavirus pandemic: Africa gets much-need care package from Jack Ma

An Ethiopian Airlines cargo flight from Guangzhou, China arrived with 5.4 million face masks, 1.08 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields
Jack Ma
With the coronavirus increasing its spread across Africa, the continent received a much-needed care package from Chinese billionaire Jack Ma. A cargo flight containing more than 6 million medical items arrived Sunday in Ethiopia’s capital, Addis Ababa. The supplies from Ma, the founder of China’s e-commerce giant Alibaba, will be distributed to African countries in need of supplies to battle the spreading Covid-19 pandemic.
An Ethiopian Airlines cargo flight from Guangzhou, China arrived with 5.4 million face masks, 1.08 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields, according to Ethiopian officials and the Jack Ma Foundation. Ethiopian Prime Minister Abiy Ahmed last week pledged to distribute the supplies to other countries in Africa. Ma has sent similar shipments of medical supplies to countries in Asia, Europe, North America and Latin America.
The Coronavirus has been relatively slow to reach Africa but has now spread to at least 43 of the continent’s 54 countries, with more than 1,100 cases confirmed. In response many African countries are imposing restrictions. Mozambique confirmed its first case Sunday and cancelled all visas to the country, closed schools and banned gatherings of more than 50 people.
Kenya announced new restrictions Sunday, after it confirmed eight new cases, bringing its total to 15. It closed all bars and restaurants as of midnight Sunday and halted all services at churches and mosques, saying that houses of worship had not implemented safe social distancing. Kenya also suspended all international passenger flights effective Wednesday and closed the border posts to neighboring Uganda, except for the transport of cargo.

Covid-19 cases on rise; India needs to prepare for multiple scenarios: BCG

The number of coronavirus-affected people in India reached 360 on Sunday with reports of seven deaths
coronavirus
+As Covid-19 cases in India swell and its impact and recovery scenarios change by the day, it is high time for the Indian government and authorities concerned to prepare for multiple scenarios — act now, prepare for near term and build for medium term, a new BCG report has said. According to the report titled “Covid-19: India Perspective,” three potential scenarios could emerge – Rapid recovery (V) or Slow comeback (U) or Protracted challenge (L) driven by evolving properties of the virus, containment and mitigation, treatment/vaccine development lead-time and policy and fiscal response. The number of coronavirus-affected people in India reached 360 on Sunday with reports of seven deaths. “Covid-19 scenario is unprecedented — high contagious rate (vs. earlier flus), large scale lockdowns and fear and panic due to digital connectivity,” the report said.
“Set up a rapid response office, safeguard people and customers, stress test the financials, manage revenue and demand, reconfigure supply chain, renew business planning and restructure, reposition and reimagine the business,” it added. “It is time to establish a liquidity office to forecast cash flows and manage/mitigate risks, ensure rigorous, prudent cash management and governance and reduce non-critical uses of cash, assess the viability of current investment roadmaps and dividend policy and share repurchase plan, stress test cash-flow from financing/investing based on market scenarios and develop concrete action plans based on 3-5 medium term macro-economic scenarios,” the findings showed.
According to the report, it is necessary for the government to engage with shareholders and clearly communicate action plans to key stakeholders, revise target-setting and objectives (sales targets, production plans and related KPIs), re-define budgets and targets as frequently as possible and necessarily by geography/market/segment. “Establish demand-side rapid response team to monitor marketing, sales and pricing implications, understand changing customer needs, assess 1st order impact, downside risks on revenues, customer pipeline, accounts receivables and optimize pricing and product offering to meet immediate consumer needs,” the report highlighted…

14th BRICS summit to review current global issues, reach key agreements

  At the   14th BRICS summit   which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current gl...