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Devastating coronavirus disease: AfDB to rescue women businesses

The African Development Bank (AfDB) says it is mobilising $5 billion through its Affirmative Finance Action for Women to support women businesses in Africa in view of the outbreak of the novel coronavirus disease (COVID-19) pandemic.

The President of the AfDB, Dr Akinwumi Adesina, who disclosed this at the Virtual 2020 International Forum on African Leadership, said the move was to help revive the businesses of women. He noted that the coronavirus pandemic had collapsed many businesses owned by women in Africa. The programme organised by the African Leadership Magazine in Malawi was on the theme, “Rethinking Global Partnerships and Africa’s Economic Resurgence.” “We must build back by ensuring that women are strongly supported, as majority of them have lost incomes, due to their greater dependence on informal markets and sectors such as tourism, hospitality and trade, all of which have been devastated by the lockdowns,” he said.
Dr Adesina said the bank would continue to raise resources to support women across Africa. He said the world had become more fragile to the coronavirus disease, saying “all are affected — developed and developing countries. There’s no coronavirus for developed countries and coronavirus for developing countries.” Dr Akinwumi said the pandemic had laid bare the divide in the labour market. He said those with skills were able to keep their jobs, while low skilled workers, especially those employed in the informal sector, lost jobs worsened by the lockdowns.

“It’s estimated that up to 30 million jobs will be lost in Africa by the end of the year,” Dr Akinwumi said. He said Africa must build back by focusing on the youth, many of whom had no jobs prior to the pandemic. “That’s why the African Development Bank will support the launch of the Youth Entrepreneurship Investment Banks to create a viable financial ecosystem to unleash the entrepreneurship and businesses of young people,” Dr Akinwumi stressed.

The AfDB President said Africa must build back by focusing sharply on food and nutritional security. “For many, the risk of hunger is higher than coronavirus. Without food, medicines or vaccines don’t work. There is vaccination against coronavirus, but there is no vaccination against hunger,” Dr Akinwumi said.
He said the AfDB had provided  over $384 million for countries to address immediate food and nutrition issues, including providing access to improved seeds, farm inputs, strategic food reserves and opening up of regional trade corridors to facilitate trade in food. ###### Dr Adesina Pix/samba/08-12-2020 Caption: Dr Adesina
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Demolition of Fantasy Dome unfair — Mark Okraku-Mantey

• Mark Okraku Mantey
• Mark Okraku Mantey

 Months after the Fantasy Dome was dismantled to make way for construction at the Ghana International Trade Fair site, the Deputy Minister of Tourism, Arts and Culture, Mr Mark Okraku-Mantey, has expressed con­cern over the manner the facility was destroyed.

In an interview on Daybreak Hitz with Andy Dosty, Mr Okraku-Mantey criticised the handling of the dome’s dismantling, suggesting that it could have been done without causing damage.

“I don’t think that leadership gave instructions that they should do what happened. The structure was a prefab but I hear the peo­ple destroyed it. That one, we cannot defend it. It is unfair to him (owner). Sometimes, you give instructions and people will go and do things that will make you look bad,” he stated.

When asked about any punitive measure against the workers responsible for the destruction, Mr Okraku-Mantey clarified that the Trade Fair does not fall under his ministry.

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He said he had previously con­tacted the owner, Leslie Quaynor, to discuss relocating the dome, and even suggested the National Museum as a potential site, though it was too small.

The demolition of the 20,000-seat­er Fantasy Dome occurred on March 16, 2024.

According to Dr Agnes Adu, CEO of the Ghana Trade Fair Company Limit­ed, the action was taken after multiple notic­es were given to Quaynor to vacate the premises for redevelopment, as per their tenancy agreement.

Dr Adu noted that all previous tenants had complied except for the Fantasy Dome.

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Quaynor, in an interview with JoyNews, confirmed that his lease had ended, and was in the process of relocating the dome.

He had requested an extension, which was denied, leading him to seek a writ and an injunction from an Accra High Court to halt the demolition.

Despite this, the demolition pro­ceeded, causing significant damage to the structure.

Quaynor described the incident as a major setback, not only for his busi­ness but also for the entertainment industry, which relies on venues like the Fantasy Dome.

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 Youth urged to take proactive stance on ozone depletion

•Mr Joseph Amankwah, first counting from, some officials from EPA and UNDP in group picture with the student

•Mr Joseph Amankwah, first counting from, some officials from EPA and UNDP in group picture with the student

 Mr Joseph Amankwah, the Direc­tor of Ozone Layer and Climate Change at the Environmental Protection Agency (EPA), has urged the youth to take a proactive stance on issues related to ozone depletion, emphasising that their future would be most affected by its consequences.

Speaking during a student engagement event at the Ghana Secondary School (GHANASS) in Koforidua, he highlighted the critical role young people played in tackling climate-related challenges.

Mr Amankwah explained that human activities, such as the use of certain chemicals, were significantly contributing to the depletion of the ozone layer and driving climate change.

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He said it was important to educate the youth on these issues, encouraging them to share this knowledge with their fam­ilies to foster a broader understanding and active participation in climate action.

He urged the education sector to integrate lessons on the ozone layer, the causes of its depletion, and its links to climate change into the curriculum.

The event, organised by the EPA in collaboration with the United Nations Development Programme (UNDP), was designed to foster environmental aware­ness and promote a sense of responsibili­ty among young people.

Mr Amankwah noted that ozone layer depletion was affecting everyone, includ­ing children, as it alters weather patterns and threatens the natural environment.

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He highlighted the need for young people to develop ‘green skills’ to adapt to the challenges of climate change and to understand ways to combat it.

He added that World Ozone Day, observed every September, would focus on youth engagement in environmental issues, to help them understand the long-term consequences of ozone depletion and climate change.

Mr Amankwah also discussed the harmful impact of chlorofluorocarbons (CFCs), a major chemical contributor to ozone depletion.

He explained that household applianc­es such as refrigerators and air condi­tioners were common sources of CFC emissions in Ghana.

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Many uncertified technicians work on these appliances, often releasing harmful chemicals into the atmosphere due to improper handling, he noted.

To address this, he urged appliance re­pairers to obtain proper certification and training, emphasising that unqualified repairs not only harm the environment but also endangered public health.

From Ama Tekyiwaa Ampadu Agyeman,
Koforidua

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