Health
Time for Ambitious Response to COVID-19 from Africa
By Gregory Kronsten
The international media have picked up on the theme that Africa has done all right in the fight against COVID-19.
This is understandable in terms of the number of cases and deaths: 1.3 million cases out of 35.8 million globally and 37,000 deaths out of 1.0 million globally according to the EU’s European Centre for Disease Prevention and Control. As many as 680,000 cases and 17,000 deaths have been reported from just one country (South Africa).
We hear the rejoinder that the data are suspect and that the number of cases for Africa appears low because the scale of testing has been relatively low. The release of data has been fiercely contested in advanced economies due to different methodologies. The point about testing is more valid.
In the past month airports, schools, restaurants and places of worship have been reopened in many African countries. We can say that Africa has done all right if it is not subjected to a second wave (as much of Europe has).
Public resources were already stretched before the emergence of COVID-19 and have been hit since by the fall in tax revenue across the continent. Governments have not been able to throw money at the problem as the Organisation for Economic Co-operation and Development (OECD) states have done. However, they entered the crisis with some transferable expertise from combating Ebola in West Africa and in eradicating polio.
That said, the economies have taken a hammering from COVID-19. Taxes on spending, income and commodities have all plummeted. The support from multilateral agencies, led by the IMF’s conditionality-free facilities to tackle external shocks such as COVID-19, has not been adequate to cover the gap. The result is that worthwhile infrastructure projects, which are one of several proven routes out of underdevelopment, have often been deferred.
With a few exceptions such as gold, commodity prices are far lower than they were pre-COVID. Tourism, particularly at the high end, is vulnerable to changing trends. Expensive holidays in, for example, Namibia, Rwanda and Mauritius have become much harder to sell. We are talking carbon footprint as well as COVID-related fears.
Foreign direct investment (FDI) inflows are expected to decline by between 20 and 40 per cent this year according to the United Nations Conference on Trade and Development (UNCTAD).
For remittances, the World Bank anticipated a fall of 20 per cent for emerging and frontier markets in March. In this uncertainty, these are brave forecasts but the multilaterals are expected to make them. Q2 2020 data for Nigeria show remittances down by over 30 per cent year-on-year although the picture is much better in Kenya.
For foreign portfolio investors, there was initially a huge exit from all emerging markets, put at US$90bn in March alone. This is the estimate of the independent Institute of International Finance in Washington, which thinks that about half has been recouped.
There are some obvious winners in terms of industries for Africa as elsewhere. Payment platforms, mobile operators and e-sales in general spring to mind, and we should mention the opportunities for offshoring as multinationals identify the savings from moving back-office functions to new and cheaper jurisdictions. Sadly, there are losers too, horticulture in Kenya being one of many.
We will feel more comfortable if Africa avoids a major second wave. The youth of the population may prove critical in this respect. The economic damage has been huge, however, and the resources to drive recovery are limited.
This is the time for the settling of differences between states and the pushing of bold reforms. Where better to start than a grand project about which we have had many doubts, the African Continental Free Trade Area which is scheduled to become operational soon?.
Gregory Kronsten is the Head of Macroeconomic and Fixed Income Research at FBNQuest
Health
Evon Labs Unveils Health-Tech Incubation Initiative HealthX Catalyst
By Aduragbemi Omiyale
A 12-week health-tech incubation programme tailored for early-stage founders in Nigeria has been introduced by an innovation and venture-building platform, Evon Labs.
This initiative, known as HealthX Catalyst, will help participants to create scalable, investable solutions for Africa’s urgent healthcare issues.
The programme is underway, with 12 selected founders nearing the final weeks of intensive incubation, ending with a Demo Day on June 24, 2026, at the UNDP innovation centre in Lagos, where the small business owners will present their solutions to an audience of investors, healthcare leaders, development organisations, and technology partners.
The initiative selects early-stage healthcare founders and immerses them in a structured 12-week development process. Throughout this period, participants receive personalised and group mentorship from seasoned professionals across the healthcare, technology, and business sectors.
They also receive structured support for startup development, including refining business models, developing value propositions, and validating markets.
Additionally, participants gain access to a network of healthcare practitioners, sector experts, and industry leaders, along with targeted investment-readiness assistance to prepare them to engage with investors and strategic partners after the programme.
The result is a cohort of founders who move through the programme not simply with a refined pitch, but with a validated business model, a stronger professional network, and a clear pathway to growth.
To accelerate the most promising solutions beyond the programme, monetary grants will be awarded to the top three founders to support product development, pilot implementation, market validation, and early-stage scaling.
It was learned that HealthX Catalyst was developed in response to a structural gap in the African health-tech ecosystem.
Across the continent, a growing number of entrepreneurs are building solutions to healthcare problems from access and diagnostics to service delivery and health data infrastructure. Yet many of these early-stage ideas fail to progress beyond concept, not for lack of vision, but for lack of structured support: mentorship, startup development frameworks, industry access, and early-stage funding pathways. HealthX Catalyst was built to provide exactly that.
“Africa does not have a shortage of healthcare innovators. What it has lacked is the infrastructure to turn its ideas into sustainable businesses. HealthX Catalyst is that infrastructure, a serious, structured programme designed to take founders from early-stage ideas to investable startups.
“What we are seeing from this first cohort is exactly what we set out to create: founders who are not just building products, but building businesses that can scale and create lasting impact,” the founder of Evon Labs, Ms Isioma Udeozo, said of the unveiling of HealthX Catalyst.
The partners of the programme are the United Nations Development Programme (UNDP), Odua Investment Company Limited (OICL), Washington University of St Louis, Missouri, Lagos State Employment Trust Fund (LSETF), and Brooks Insights.
Health
Binance Promises $250,000 for Ebola in DR Congo, Uganda
By Aduragbemi Omiyale
The sum of $250,000 in humanitarian funding is to be provided by Binance to support the frontline response to the ongoing Ebola disease outbreak in the Democratic Republic of Congo (DRC) and Uganda.
The cryptocurrency exchange said the funds would be used to enable rapid response in high-risk and underserved areas, where access to healthcare infrastructure, protective resources, and timely public health information remains limited.
The money will be shared equally between the Uganda Red Cross Society and Doctors Without Borders / Médecins Sans Frontières (MSF), supporting urgent interventions in affected and high-risk communities.
Binance’s contribution will help strengthen emergency medical care and treatment, community awareness and prevention campaigns, contact tracing and containment support, and the provision of sanitation supplies and protective equipment for frontline workers.
By supporting both immediate response activities and preventative education, Binance aims to contribute to reducing transmission and strengthening community resilience.
“Communities across Africa continue to show extraordinary resilience in the face of complex challenges, but frontline responders should not have to face crises like this alone,” the co-chief executive of Binance, Mr Richard Teng, said.
“The teams working to contain the Ebola disease outbreak are delivering vital, life-saving support under incredibly difficult conditions.
“We are proud to support both the Uganda Red Cross Society and Doctors Without Borders as they work to protect vulnerable populations, strengthen local response efforts, and deliver urgent care where it is needed most,” he added.
Also commenting, the Secretary General for the Uganda Red Cross Society, Mr Robert Kwesiga, said, “Strong partnerships are essential during public health emergencies since we are not able to manage the outbreak alone.
“The support from Binance comes in so timely and handy, and will help us respond more rapidly, reach more at-risk communities, and reinforce the frontline services needed to help contain the outbreak and save lives.”
The MSF Emergency Programme Manager, Trish Newport, while speaking on the initiative, said, “The number of cases and deaths we are seeing in such a short timeframe, combined with the spread across several health zones and now across the border, is extremely concerning. In Ituri, many people already struggle to access healthcare and live with ongoing insecurity, making rapid action critical to prevent the outbreak from escalating further.”
Caused by the Bundibugyo virus, for which there is no approved vaccine or treatment, this Ebola disease outbreak has placed acute pressure on already fragile health systems in eastern DRC and the wider region.
Local authorities, international agencies, and humanitarian organisations are racing to contain it and protect affected communities.
Binance’s support is intended to reinforce these efforts at a critical moment. It reflects the company’s broader commitment to supporting communities across Africa through programmes focused on education, financial inclusion, digital skills development, and community empowerment.
In this case, Binance is extending that commitment to urgent humanitarian and public health needs by working alongside trusted organisations with deep frontline expertise.
Health
Tinubu Sets up Ebola Task Force, Approves N10bn Emergency Funding
By Adedapo Adesanya
President Bola Tinubu has approved the establishment of a Presidential Task Force on Ebola Virus Disease Preparedness and Emerging Public Health Threats and ordered the immediate release of N10 billion as emergency intervention funding.
According to a disclosure by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, the fund will strengthen the operational preparedness of the National Centre for Disease Control and Prevention (NCDC) and support critical national public health emergency response activities.
The team will be chaired by the Chief of Staff to the President, Mr Femi Gbajabiamila, with membership drawn from relevant Ministries, Departments and Agencies (MDAs) and state representatives.
The presidency noted that the approval followed a stakeholder meeting convened under the chairmanship of the Chief of Staff to review Nigeria’s preparedness and develop strategies against the possible importation of Ebola into the country.
Ebola has recently resurfaced in the Democratic Republic of Congo (DRC) and Uganda, both neighbouring countries.
Other key stakeholders at the meeting included representatives of the Ministry of Interior, the Federal Airports Authority of Nigeria (FAAN), the Nigeria Immigration Service (NIS), the Nigerian Civil Aviation Authority (NCAA), the Lagos State Government and others.
Mr Onanuga also disclosed that President Tinubu directed all states hosting international airports and international border corridors, as well as relevant MDAs, to submit their plans, funding requirements and intervention needs for consideration and coordinated implementation.
Additional measures to be implemented by the Task Force include the intensification of passenger screening at all international airports through enhanced temperature checks and crowd-control protocols; enhanced monitoring of passengers arriving through high-risk airline routes, including Air Uganda, Rwanda Air, Air Tanzania, Air Angola, Kenya Airways and Ethiopian Airlines; and the immediate activation of referral and isolation centres at the Lagos and Abuja international airports, with other airports to follow.
Other measures include the mandatory activation of QR code-based pre-arrival health declaration systems for passengers originating from or transiting through designated high-risk countries, as well as the disinfection of departure halls, cargoes, baggage areas and airport facilities as precautionary environmental measures.
The President also directed the advisory group to consult with security, diplomatic and aviation bodies on regulating flights from affected and designated high-risk countries.
The Task Force was further mandated to designate specific airports or terminals for high-risk flights to enable controlled screening and isolation procedures, and to consider adjusting flight schedules to minimise interaction between high-risk passengers and other travellers.
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