African Guarantee Fund for Small and Medium-sized Enterprises (AGF) has today announced its COVID-19 response aimed at reducing the uncertainties facing financial institutions in Africa as a result of the global coronavirus pandemic. AGF’s COVID-19 response is built on the imperative need for commercial solutions over and above the regulatory efforts already provided by the various central banks and governments in the continent. 

SOURCE: Africa Group News Room

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Deutsche Post DHL has reported that it has seen an increasing number of customers and clients diversifying their supply chain networks during the global pandemic. Oscar de Bok, a management board member at Deutsche Post DHL, said: “There is an increased tendency to organise different sources of supply to reduce dependency on one country or one production site in a strategic way.”

SOURCE: Supply Chain Digital

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With the COVID-19 crisis highlighting their vulnerability to external shocks, food and beverage companies are set to increasingly diversify their supply chains and locate production closer to their markets.

SOURCE: Food Navigator – Food Navigator

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“This six-step COVID-19 business continuity plan has been developed by the ILO Bureau for Employers’ Activities (ILO-ACT/EMP). This tool is designed to support EBMOs assist its members during the COVID-19 crisis. It aims to establish the risk profile of an enterprise and the level of vulnerability to COVID-19 in terms of its impact on People, Processes, Profits and Partnerships (the “4Ps”) and develop an effective risk and contingency system for the business.

SOURCE: ILO

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The World Tourism Organization (UNWTO) has released a Tourism Recovery Technical Assistance Package to offer guidance to Member States in response to COVID-19. The package is structured around three main pillars: economic recovery, marketing and promotion and institutional strengthening and resilience building.

Source: Modern Diplomacy

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The World Bank Group today announced its emergency operations to fight COVID-19 (coronavirus) have reached 100 developing countries – home to 70% of the world’s population. Since March, the Bank Group has rapidly delivered record levels of support in order to help countries protect the poor and vulnerable, reinforce health systems, maintain the private sector, and bolster economic recovery. This assistance, the largest and fastest crisis response in the Bank Group’s history, marks a milestone in implementing the Bank Group’s pledge to make available $160 billion in grants and financial support over a 15-month period to help developing countries respond to the health, social and economic impacts of COVID-19 and the economic shutdown in advanced countries.

SOURCE: World Bank

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Africa has so far escaped the worst health consequences of the COVID-19 pandemic. However, the continent looks like it could be the worst hit from the economic fallout of the crisis: 80 million Africans could be pushed into extreme poverty if action is not taken. And disruptions in food systems raise the prospect of more Africans falling into hunger. Rural people, many of whom work on small-scale farms, are particularly vulnerable to the impacts of the crisis. It is therefore vital that the COVID-19 response address food security and target the rural poor.

SOURCE: Business Week

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Anondomela will allow buyers and sellers to directly meet online and have Eid shopping can happen, while still respecting public health advisories and minimising the risk of infection transmission and at the same time help many small businesses who have worked around the year (pre-Covid) to produce Eid goodies do not lose out completely, reports UNB.

In a bid to ease the suffering of these entrepreneurs, UNDP launched Anondomela as a free-of-cost alternative marketplace.

SOURCE: Dhaka Tribune

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