Africa CDC warns possible new Covid variant amid spike in new cases

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Addis Ababa, May 20 | There is a possibility that a new Covid variant would emerge in Africa in a foreseeable future, Ahmed Ogwell, the acting director of the Africa Centres for Disease Control and Prevention (Africa CDC), has warned.

“The increase is a clear sign that there is (a) high possibility a new variant, which is more transmissible, is to appear,” Ogwell said during a weekly briefing Thursday.

According to figures from the Africa CDC, the African continent has seen a 36 per cent average increase of new COVID-19 cases over the past four weeks, with Central and Eastern Africa regions reporting increasing new COVID-19 cases by 113 and 54 per cent, respectively, Xinhua news agency reported.

The Africa CDC, the specialized healthcare agency of the African Union, called for increased testing to locate which part of the continent the new variant would be appearing in.

“We need to do more testing and sequencing so that we can be able to understand where the outbreaks are and identify what variant is emerging,” Ogwell said.

He also called for an enhanced vaccination rollout to sustainably address low vaccination service against the pandemic across the continent. “We are distinctively seeing increasing deaths due to the pandemic as cases are surging over the last four weeks.”

Five African countries reported the highest numbers of newly confirmed Covid cases over the last one week with South Africa reporting 50,404 cases, Tanzania 1,482, Namibia 1,054, Zimbabwe 910 and Burundi 817 cases, according to the acting director.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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