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[Monitor] The National Drug Authority (NDA) has warned that it will start withdrawing trading licence of dealers and suspend production by local manufacturers implicated in falsified or substandard medicine deals.
A November 26 letter from the presidency asked the head of Uganda's national drug authority to 'work out a mechanism' to clear the importation of the vaccines.
China has about five COVID-19 vaccine candidates at different levels of trials. It was not clear what vaccine was being imported into Uganda.
One of the frontrunners is the Sinopharm vaccine developed by the Beijing Institute of Biological Product, a unit of Sinopharm’s China National Biotec Group (CNBG).
On Wednesday, the United Arab Emirates said the vaccine has 86% efficacy, citing an interim analysis of late-stage clinical trials.
China has used the drug to vaccinate up to a million people under its emergency use program.
On Tuesday, Morocco said it was ordering up to 10 million doses of the vaccine.
Record cases
Uganda on Monday registered 701 new COVID-19 cases, the highest-ever daily increase, bringing its national count to 23,200.
The new cases were out of the 5,578 samples tested for the novel coronavirus over the past 24 hours, the country's health ministry said in a statement.
Tuesday's tally was 606, the second-highest ever number of new infections, bringing the cumulative number of confirmed cases in the east African country to 23,860.
Health authorities have blamed ongoing election campaigns which have drawn huge crowds for the rise in infections.
CHICAGO DEFENDER — “Everyone has a different idea of what ‘support’ means. Asking for help is difficult for most. For victims of abuse, it is also embarrassing. The Slipout mobile app allows users to anonymously connect with a member of The Slipout team to receive one-on-one support,” says The Slipout developer Lisa R. Jenkins. “The Slipout mobile app connects users to emergency service with one click of the Call 911 Now button if they are in imminent danger.”
In modern marketing, there is no more useful tool than social media. Businesses looking to grow their profiles should invest more in social media due to numerous reasons. And we will explain those reasons in this article. So if you’re wondering why social media is key for the development, growth, Read More
The post Why Social Media Is The Key For Modern Marketing appeared first on PensacolaVoice Magazine 2021.
The Trump administration plans to finalise regulations this week that will bar the US government from buying goods or services from any company that uses products from five Chinese companies including Huawei.
Nationwide - ‘Now that’s good eatin!’, the tag line for Joe’s Gourmet Fish Fry. This product is a golden light delicious seafood coating ready for your fish, shrimp, and vegetables.…
Pan-African businessman and Special AU envoy for COVID-19, Strive Masiyiwa, has hailed the approval today (April 9, 2021) of a US$500 billion Special Drawing Rights facility by IMF members which is set to benefit all countries in the world. Masiyiwa, the billionaire entrepreneur and founder of the Econet Group, has been an early proponent of a global facility to support African economies ravaged by the COVID-19 pandemic. Writing on his Facebook blog with over 5.6 million followers, Masiyiwa said: Today (9th April), IMF members will approve a special facility, known as Special Drawing Rights (SDRs), which will be distributed to all countries. It will be 650bn SDRs (the equivalent to $500bn). Without commenting on the fairness or otherwise of the distribution mechanism, Africa will get about $30bn (the equivalent to 5.2%). This money is desperately needed and will go some way in helping our countries secure some foreign exchange. Some of you who have been on this platform for a while know that I started talking about this mechanism as a way to help African economies battered by Covid-19, more than a year ago. Then I called for $100bn to be made available for Africa. This money is not debt or loans. And the $30bn is far short of the $100bn. But we (the people who have campaigned for this money to be released through the IMF reserves) have a plan. Once today’s decision is made, we are asking the rich countries who receive 75% of the of the US$500m, which they don’t actually need, to lend it to us. Legally it is more difficult for them to just give it to us; but they can lend it to us for a nominal interest of 1% or less, and for a very long time. You will recall that President Cyril Ramaphosa appointed 7 Special Envoys, including myself, at the beginning of this COVID-19 crisis. My colleagues included Dr Ngozi Iweala, Dr Donald Kaberuka, Mr Trevor Manuel, and Tidjane Thiam — all of them financial and economic experts —THIS IS WHY! Their job was to navigate the halls of the IMF, the World Bank and global capitals pushing for this and other solutions. There were other African experts, including Dr Vera Songwe, and leading finance Ministers who met regularly with the Envoys. I particularly want to single out the ministers of South Africa and Ghana for their amazing intellectual acumen on this. Globally we also had highly influential finance experts, like Gordon Brown (former Prime Minister of the UK), Prof Jeffrey Sachs and numerous others, who just kept a constant drum beat, demanding a solution. Organizations like The One Campaign, led by Gayle Smith, drove awareness campaigns and lobbied the rich countries. The French President Emmanuel Macron was our main champion of the EU leaders, whilst President Ramaphosa led the African charge. Although people in Africa have long had a negative view on the IMF for some of its past missteps, under the leadership of Kristalina Georgieva, the IMF has been amazing in championing the poor nations. I was truly impressed with her leadership. The breakthrough came with the election of Pres
The US department of commerce on Saturday expanded its so-called Entities List, which restricts access to American technology and other items, to include 24 Chinese companies and universities it said had ties to the military and another nine entities it accused of human rights violations in Xinjiang.
It shows the US intention to politicise commercial ties, curb China’s technology development and expand its long-arm jurisdiction
“The move marks a US-China technology decoupling 2.0 or 2.5.
‘Unreliable entity list’
“The message sent from the US is more important than the Entity List itself,” said Li Yong, a senior fellow at the China Association of International Trade, which is connected to the ministry of commerce.
“It shows the US intention to politicise commercial ties, curb China’s technology development and expand its long-arm jurisdiction.”
China announced it was preparing the blacklist in mid-2019 at the height of the trade war with the US, but never said who was on the list.
NNPA NEWSWIRE — Remember these names: Ketanji Brown Jackson, Tiffany Cunningham, and Candace Jackson-Akiwumi. These are President Joseph Biden’s first three nominations for the federal Court of Appeals.
The Federal Communications Commission on Tuesday formally designated Chinese's Huawei Technologies and ZTE as posing threats to US national security.
NNPA NEWSWIRE — According to a recent study by the Pew Research Center, a majority of Black Americans (61%) now say they plan to get a COVID-19 vaccine (or that they’ve already received one), compared to only 42% in November, 2020. As trust increases, we need to also increase access to COVID-19 vaccinations and testing in our communities to create better health outcomes.
Donald Trump
One of China’s best-performing stocks so far in 2020 is a little-known server maker that last year abruptly joined the same US blacklist that threatens Huawei Technologies’ survival.
China and the US are most likely heading toward greater friction in technology.
Companies that possess core technologies and good business models will benefit
“China and the US are most likely heading toward greater friction in technology,” said Wang Chen, a Shanghai-based partner with XuFunds Investment Management.
“Companies that possess core technologies and good business models will benefit.”
The supercomputers, servers and storage equipment it makes are essential to China’s ambitious “new infrastructure” initiative that has technologies such as large-scale data centres and next-generation telecoms networks at its heart.
By Deborah Owens Guest Editor Every day, a Black woman reaches out to a financial services organization, but because she doesn’t have the foundational knowledge of how the financial markets work, or in many cases, enough assets, she will be pointed to a low-yield investment that will limit her ability to achieve financial security. This […]
The post Overcoming: A financial love letter to Black women appeared first on Afro.
BY CHIEDZA KOWO THE foreign currency auction system introduced by the Reserve Bank of Zimbabwe (RBZ) last year set the right tone for scaling up foreign direct investment (FDI) inflows into the country, according to Benefit Washaya, chief executive officer (CEO) of the listed banking group, NMB Holdings. In a note to the firm’s financial statements for the year ended December 31, 2020, the NMB chief said the exchange rate stability experienced since the forex auction system was introduced should be sustained to boost foreign investor confidence. FDI inflows had slowed down since Zimbabwe entered a difficult economic phase from 2000, which saw the country receiving only a fraction of the US$5 billion per annum received by its regional peers. Political and economic instability, high costs of doing business and a volatile currency were among the factors that had been influencing investor fatigue. But in June last year, the RBZ introduced a foreign currency auction system to calm unsettled markets by deploying cheaper foreign currency to industries. “We are encouraged by the exchange rate stability which has been prevailing in the second half of the period under review and remain hopeful that the stability will continue prevailing in order to create a conducive operating environment for business and the attraction of capital which will go a long way in ensuring economic growth and stability in the foreseeable future. “Our hopes remain pinned on the sustainability of this stability which will certainly foster economic growth into the foreseeable future,” the NMB CEO said. He spoke as several Zimbabwe Stock Exchange-listed firms attributed improved foreign currency availability to the auction system, which had allotted almost US$800 million by end of February this year. The first half of 2020 had been frustrating for Zimbabwe’s industries. Parallel market rates hit US$1:$165 around March, firing up inflationary pressures and igniting a price rage. Annual inflation increased to 837,5% in July before declining to 348,6% in December. “The first half of the year under review was characterised by hyper-inflation and incessant economic instability emanating from the deterioration of the country’s foreign exchange rate. “However, the introduction of the RBZ administered foreign exchange auction system on 23 June 2020 appears to have significantly contained the rapid oscillations that were characterising the country’s foreign exchange rate. “Significant trades have been recorded on this platform from its inception and there has been notable stability in the foreign exchange regime ever since the auction system was introduced,” Washaya said. The group’s net interest income increased to $618 million during the review period, from $577 million during the comparable period in 2019, tracking improved deposits, which increased by 17%, $6,3 billion. This figure was $5,4 billion during the comparable period in 2019. Profit after tax increased to $849 million, from $377 million previously. Follow Chiedza on Twitter @KowoChiedza
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