Global Financial Market in H2-2020: Taking a Vshaped recovery?

At the height of the pandemic in Mar-2020, stock markets crashed to the levels not seen since the Global Financial Crisis 2008/9 as investors took a flight to relatively safer U S treasuries or maintained cash positions. Interestingly, while the performance of gold has been deemed to be positive in times of economic downturn, 2020 was different, as gold prices dropped significantly to a year low of $1,477.9/ozt in Mar-2020.

However, we saw a quick rebound through Apr2020 and May-2020, as investors took advantage of the cheap valuation and became optimistic of a gradual economic recovery, especially as monetary and fiscal authorities rolled out varying expansionary policies. In addition, the yields in the U.S. treasuries increased slightly, as investors’ appetite for riskier assets became stronger.

Looking ahead, we believe that the renewed interests in equities and fixed income might be sustained to pre-COVID levels. The expansionary monetary policy, low rates and recovery in commodity prices will see funds flow back into emerging economies as we approach the end of the year. However, the downside risks to our expectation include a possible second wave of infection, as well as potential for liquidity crunches, insolvency, and subdued demand, as unemployment levels take time to be restored to pre-COVID-19 levels.

United Capital Research

Mercedes-Benz Cars & Vans delivers more than a million vehicles worldwide in first half of 2020

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  • Since the beginning of the year, Mercedes-Benz Cars & Vans sold 1,071,136 cars and commercial vans.
  • Mercedes-Benz achieved its best-ever Q2 car sales in China (+21.6%). Mercedes-Benz Vans also increased its Q2 sales of commercially used vans in China by 35%.
  • Britta Seeger: “Mercedes-Benz’s best second quarter to date in China shows the impressive speed at which demand is currently recovering in our largest market.”
  • Mercedes-Benz further intensifies its focus on digitization and electrification.

Mercedes-Benz has further intensified its customer contact in the second quarter using numerous digital services and tools. The high flexibility of its global dealers, the attractive product portfolio and the strength of the Mercedes-Benz brand were reflected in its car sales: in June, global deliveries were again slightly above the previous year’s level (+0.6%).

Since the beginning of the year, Mercedes-Benz achieved a better development than the overall luxury car market in some European markets and in its domestic market in Germany.

In the USA, the company took the leading position among luxury car brands in terms of unit sales in the first half of the year. In the Asia-Pacific region, the Stuttgart-based brand with the three-pointed star achieved a new sales record from April to June.

“Mercedes-Benz’s best second quarter to date in China shows the impressive speed at which demand is currently recovering in our largest market. From April to June, the effects of coronavirus had a strong impact on our deliveries in Europe and North America. By now nearly all of our worldwide dealerships have reopened.

Our customers’ interest in buying is high and we have been receiving very positive feedback on the numerous online activities of our global dealers. That is giving us grounds for optimism with regard to the sales trend in the third quarter,” stated Britta Seeger, Member of the Boards of Management of Daimler AG and Mercedes-Benz AG responsible for Marketing & Sales.

“In Europe, deliveries of our plug-in hybrids have more than quadrupled since the beginning of the year compared with the previous year period. The current number of xEV orders received by Mercedes-Benz Cars is also a positive sign for the second half of the year: in the next six months, we anticipate a significant sales effect from our ongoing electric offensive.”

Mercedes-Benz Cars & Vans unit sales

Mercedes-Benz sold 935,089 cars with the three-pointed star in the first half of the year (-17.6%). With the smart brand, the switch to a purely battery-electric drive had a significant impact on previous year comparison in sales: worldwide, 10,101 two-door and four-door urban microcars were handed over to customers since the beginning of the year (-83.3%).

Mercedes-Benz Cars thus sold a total of 945,190 cars from the Mercedes-Benz and smart brands in the first half of the year (-20.9%). At Mercedes-Benz Vans with regard to vehicles for commercial use, the global COVID-19 pandemic was clearly impacting the first half of 2020.

Especially because of the lockdown measures in April and May, this led to a 25.6% decrease in unit sales in the first half of the year compared with the previous year period. A total of 125,946 units of the Sprinter, Vito, Vito Tourer and Citan were sold in the first half of the year.

“The lockdown was not without impact for us. But we have do have a very strong product portfolio. The Mercedes-Benz vans have been quite noticeable on the road in these challenging times – because of numerous delivery services or as transporters in the health care sector among others.

It is particularly pleasing that the market in China has recovered so quickly and that we were able to increase unit sales of our commercial vans there by 35%,” said Marcus Breitschwerdt, Head of Mercedes-Benz Vans. “We are continuing to push ahead with the electrification of our products.

In the second quarter, the eSprinter and the EQV became available for order and will trigger additional demand. We are thus further strengthening our leading position in this segment. We are also optimistic that our Marco Polo models will win new customers in the motorhome segment.”

Mercedes-Benz car unit sales by region and market

In the Europe region, Mercedes-Benz delivered 313,490 cars in the period from January to June (-31.5%). In Germany, Mercedes-Benz sold 106,167 units in the first half of the year (-27.9%).

In its domestic market, Mercedes-Benz again had the most new-car registrations among the luxury car brands in the first six months of the year. In the Asia-Pacific region, the Stuttgart-based brand with the star had its best second quarter to date with unit sales of 259,404 passenger cars (+8.9%).

This milestone was reached primarily due to the positive development in the biggest market, China: there, sales of 207,107 units were more than 35,000 units above the previous record for a second-quarter (+21.6%). Sales from January to June were in China also above the previous year (+0.4%).

Deliveries in the North America region totalled 146,538 units since the beginning of the year (-16.0%). In the region’s core market, the USAMercedes-Benz delivered 127,207 passenger cars in the first half of 2020 (-13.7%).

Overview of Mercedes-Benz Cars & Vans retail unit sales

Q2 2020 Change in % H1 2020 Change in %
Mercedes-Benz* 457,711 -20.2 935,089 -17.6
Smart 4,238 -87.3 10,101 -83.3
Mercedes-Benz Cars 461,949 -23.9 945,190 -20.9
Mercedes-Benz Vans (commercial models) 61,358 -34.3 125,946 -25.6
Mercedes-Benz Cars & Vans** 523,307 /// 1,071,136 ///
Car unit sales by the Mercedes-Benz brand by region/market
Europe 124,527 -46.5 313,490 -31.5
– thereof Germany 41,835 -45.5 106,167 -27.9
Asia-Pacific 259,404 +8.9 458,253 -4.2
– thereof China 207,107 +21.6 346,067 +0.4
North America 68,037 -24.7 146,538 -16.0
– the thereof USA 59,461 -22.0 127,207 -13.7

* Including the V-Class and the X-Class

**The retail unit sales of the Mercedes-Benz Cars & Vans divisions were presented together for the first time in the press release on unit sales in the first quarter of 2020, so there is no comparative period.

Access Bank Subsidiary seeks to buy Zambian bank

Access Bank Plc announces today that its wholly-owned subsidiary in Zambia, Access Bank Zambia Limited has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc regarding a potential transaction between Access Bank Zambia and Cavmont Bank Limited, a wholly-owned subsidiary of Cavmont Capital.

The potential transaction relates to the sale of 100% of Cavmont Capital’s interest in Cavmont Bank to Access Bank Zambia.

There can be no certainty that a transaction will be agreed, nor as to the terms of any such agreement. The completion of a transaction would be subject to formal regulatory approvals.

Access Bank will update the market as appropriate and in accordance with its’ disclosure obligations.

Accordingly, shareholders are advised to exercise caution when dealing in Access Banks securities until a full announcement is made.

Do you read food labels at all? Or is it just another “Terms and Conditions”?

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Many of us are guilty of quickly checking the “Yes, I Agree” button when we install software on our devices without reading the Terms and Conditions (T & Cs). Some people have argued that those T & Cs are often made lengthy deliberately to frustrate users from reading them. Whether this is true or not, we accept T & Cs with the hope that there is no apparent harm.

When it comes to food labelling for our packaged foods, we need to take extra caution to know what we are eating. Beyond checking for production and expiry dates to determine the shelf lives of our foods, we need to check if these foods are suitable for us based on our health needs and possible allergies.

Recently, someone I know complained of dizziness and fatigue for several days. She did medical tests and took drugs, but her condition did not improve significantly. Later on, she realized that her condition could be linked to a brand of green tea which she consumed daily. On checking the label of the green tea, she discovered that it was meant for people with high blood sugar.

In a nutshell, It is good one checks labels for other relevant information apart from expiry dates. Please share your thoughts.

Written by: Anifat Ibrahim, Research Associate | Project Management Professional (PMP).

Lagos State to Renovate, Upgrade its Housing Estates

The Lagos State Government, through the Ministry of Housing, is set to renovate, beautify and upgrade its existing Estates to meet 21st Century standards.

The Permanent Secretary, Ministry of Housing, Mr. Wasiu Akewusola, who disclosed this at a virtual meeting with the Residents Associations and Facility Managers of various State-owned Estates on Wednesday, decried the present state of some of the Estates, saying that the faded externals do not befit the Greater Lagos image.

Akewusola, represented at the virtual meeting by the State Director of Estates, Mrs. Olayinka Patunola-Ajayi, revealed that the State Government is considering the systematic upgrade of the aesthetics of existing estates in order to enhance the quality of life of the residents.

“The Lagos State Government is committed to making the environment livable for all the residents of the State-owned estates. We are working out a plan through which a sinking fund comprising of contributions by residents is made available for the upgrade”, he said.

He appealed to the Residents’ Associations and the Facility Managers assigned to work in each Estate to do so harmoniously in order to achieve the set goals and objectives of the exercise, noting that, henceforth, both the Residents’ Associations and Facility Managers will be signatories to the bank accounts meant for the maintenance of the joint facilities in the Estates.

While seizing the opportunity of the online forum to appeal to residents who are in default of their payments to the State Government to pay up, Akewusola hinted that a Taskforce will soon be empowered to commence enforcement on outstanding payments.

“I am aware of the economic situation of the country and the setback the pandemic has caused various businesses but l wish to solicit that those with outstanding payments should strive to pay up. Very soon, a Taskforce will visit the Estates to enforce payments and or penalise defaulters”, the Permanent Secretary said.

Konga to employ over 100,000 Nigerians through Konga Affiliate project

Composite e-Commerce giant, Konga has revived YUBOSS, a stellar reseller scheme now re-christened as Konga Affiliate through which it is offering millions of smart unemployed and under-employed Nigerians an opportunity to earn unlimited income and ultimately achieve economic freedom by partnering with the company.

Equally important, the Konga Affiliate programme which grants successful applicants instant sign-up at affiliate.konga.com offers a comprehensive partnership to affiliates.

Built upon the very popular YUBOSS scheme which the company floated under Yudala, the central idea behind the revamped Konga Affiliate programme is Konga’s burning ambition to reach the unreached and under-served Nigerians in the hinterlands and other parts of the country through the affiliates whom it has identified as critical partners in this initiative.

This is in addition to the desire to reach more of the growing band of savvy, quality-minded Nigerians in search of a reliable channel for their purchases.

Specifically, the programme affords affiliates who sign up a chance to earn unrestricted income through mouth-watering commissions on every successful sale of products on the Konga platform. Most importantly, hardworking and successful affiliates can grow through the ranks to ultimately become the owner of a Konga franchise store.

Further setting apart the Konga Affiliate programme is the immense benefits it offers affiliates. These include access to Konga’s world-class assets including its global supply chain, massive warehousing facilities for bulk deals, swift delivery of orders through Kxpress, it’s an in-house logistics company which boasts advanced delivery capabilities, digital payments through KongaPay, a Central Bank of Nigeria-licensed e-wallet as well as round-the-clock customer service support.

Affiliates can also enjoy access to credit facilities and training resources, mentorship opportunities with renowned entrepreneurs and global business leaders as well as sponsorship of mega deals and contracts.

In addition, the programme which has a structured progression path has been touted as a useful way out of the current harsh economic crunch and rising unemployment which has hindered the ambitions of millions of smart Nigerians in search of opportunities to make an honest living.

The dire situation is further compounded by the rampaging COVID-19 pandemic which has hobbled businesses the world over and in Nigeria.

Prince Nnamdi Ekeh, Co-Chief Executive Officer, Konga Group, says the company is looking for hardworking, determined Nigerians it can empower and invest in to create wealth through the programme.

‘‘The Konga Affiliate programme which we have relaunched online at affiliate.konga.com is one of the strategies we are deploying in providing creative employment opportunities for millions of Nigerian youths. Our target remains unemployed and under-employed. In fact, we are looking for partners that we can invest in through the programme.

‘‘As it stands, one of our ambitions at Konga is to ensure we reach more of the unreached and under-served Nigerians in the majority of the 774 local governments across Nigeria.

‘‘There is no doubt that unemployment is on the rise. However, the efforts of the government in creating jobs cannot cater to the army of unemployed and under-employed which is rising by the day. Through the Konga Affiliate programme, we are giving many Nigerians a way out of their current difficult circumstances into ultimate economic freedom.

‘‘Our goal is to see each successful affiliate, in turn, become an employer of labour. This is one of the fastest ways of reducing the spiralling unemployment and under-employment rates in Nigeria and giving hope to many,’’ he concluded.

Intending affiliates can register for a chance to join the programme at affiliate.konga.com

Sanwo-Olu: “Security Remains our Priority” as NNPC, SNEPCO Donate 16 Vehicles to LSSTF (Photos)

Lagos State Governor, Mr. Babajide Sanwo-Olu on Wednesday restated his administration’s commitment to the continued provision of adequate security of lives and properties of Lagosians, saying it remains a major priority of his government.

The Governor stated this at the State House, Marina when he received 16 security operations vehicles donated to the Lagos State Security Trust Fund by the Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) to enhance policing and facilitate quick response time to distress calls in the State.’
Speaking during the handing over of the security operations vehicles to LSSTF, Governor Sanwo-Olu assured SNEPCo that the vehicles would be put to good use.
He said the presentation of the 16 vehicles was in fulfilment of the promise SNEPCo made to Lagos State Security Trust Fund during a dinner held a few months ago by Lagos State Government to seek support from the private sector.
He said: “We are excited because this is another confirmation of collaboration, another promise kept and another public-private partnership that is working for us in Lagos State.
“A couple of months back, even way before COVID-19, we had met at a dinner where we asked and solicited for support from our private sector operators in Lagos and SNEPCo was present at that dinner and they humbly committed to providing something for the state.
“So this was a commitment that was made to us months back but we are indeed happy that despite the very difficult terrain all of us have gone through, they have been able to make it, together with their joint partners – NNPC, Exxon Mobil and other partners.
“They are doing this because we as a government have shown consistent transparency in how we deal with them. We have shown that each time they support us, the support gets to the people and we get to use it for what the support is meant for.
Sanwo-Olu further assured the oil conglomerates that the State Government will continue to see them as development partners in the project of Lagos.
“We have different roles to play but we will continue to collaborate.
“We can assure you that the men that continue to keep us save will get these vehicles. We will determine how they go round. But you can be assured that none of them will be kept in governor’s residence. It will go to the people that truly require them and they will be used for the reason for which they were given.” Sanwo-Olu said.
Speaking on behalf of NNPC, the Group General Manager of National Petroleum Investment Management Services (NAPIMS), Mr. Bala Wunti, said the presentation of the operations vehicles is to support the unrelenting effort of Governor Sanwo-Olu in keeping over 20 million residents of Lagos State and their properties safe.
Wunti, who was represented by Mrs. Clementina Arubi, also commended Governor Sanwo-Olu and his team for their commitment in the fight against COVID-19 in Lagos State, the epicentre of coronavirus in Nigeria.
“Today in line with our GMD’s principles of Transparency, Accountability and Performance Excellence (TAPE), which are to be delivered in a safe and secure environment, leveraging technology and innovation, we are very proud to handover 16 security operations vehicles to Lagos State Security Trust Fund (LSSTF) to support the unrelenting effort of the Governor in keeping over 20 million residents of Lagos State and their properties safe,” she said.
In his remarks, the Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Mr Bayo Ojulari, said the presentation of the 16 security vehicles to Lagos State Security Trust Fund is to enhance policing and facilitate quick response time to distress calls, which are considered to be critical to crime prevention.
His words: “SNEPCo and indeed Shell Companies in Nigeria (SCiN) recognise the tremendous work the Lagos State government is doing to strengthen security in the state amidst limited resources. Our keen and constant evaluation of the state of our community always helps to identify gaps where we believe we can intervene to make a difference.
“In this instance, we recognise the need to support the government’s efforts in keeping the state safe, just as we have continued to support the state in two other areas- education and health. This, to a large extent, aligns with our priority of safety, health and development of our people and communities where we operate.
“Therefore, the 16 units of security vehicles being presented to the state’s security trust fund is to enhance policing and facilitate quick response time to distress calls which are considered to be critical to crime prevention.
Ojulari added that his company will continue to work with the state to seek other areas of collaboration and partnership.
Also speaking, the representative of one of the co-venture partners, Exxon Mobil, the Senior Manager, Security External Relations of Exxon Mobil, Ide Owodiong-Idemeko, urged Governor Sanwo-Olu to continue to do the good work he is doing to ensure that the people of Lagos State are secured and safe.
Other members of the executive at the event include the Secretary to the Lagos State Government (SSG), Mrs. Folasade Jaji and the Executive Secretary of LSSTF, Abdulrazaq Balogun, among others.

TAJBank Joins e-Commerce Giants Launches Nigeria’s 1st Ethical Online Mall

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Nigeria’s most innovative Non-Interest Bank, TAJBank, has announced the highly anticipated launch of TAJMall, the nation’s first ethical online shopping mall.

The highly anticipated launch of the e-commerce site, which held recently, is coming close on the heels of the commencement of its Agency Banking Network which began in June across thirteen (13) states in the country.

TAJBank Joins e-Commerce Giants Launches Nigeria's 1st Ethical Online Mall
TAJBank launches Ist Ethical Online Mall- TAJMall

To celebrate this milestone, TAJBank will be holding a week-long TAJMall campaign from 6th – 11th July 2020 to sensitize and also reward its new customers to its platform.

“This is a great milestone as we present a fully customer-focused e-commerce platform offering 100 per cent authentic brands from highly vetted vendors. Our mission is to rebuild trust in the online shopping niche, hence the emphasis on our platform being an ethical shopping mall. We want to deliver on our promise and make this an enjoyable and safe experience not just for our customers, but also for our numerous trusted vendors as well,” said Founder/COO TAJBank, Hamid Joda.

TAJBank Joins e-Commerce Giants Launches Nigeria's 1st Ethical Online Mall
TAJBank Joins e-Commerce Giants Launches Nigeria’s 1st Ethical Online Mall

“Our customers place absolute trust that goods will be delivered exactly as requested, and we do not take that trust lightly, he added.

The brand expressed commitment to continuously deploy technological tools on its new e- platform to maintain optimal customer service delivery and ensure shopping on TAJMall remains a productive and hassle-free experience.

Customers who log onto the tajmall.ng platform (or download the app), will have the opportunity to enjoy massive price slashes, shopping coupons, free shipping and other incredible offers. The Bank also intends to offer to finance to its customers who shop on the mall.

“Well beyond our exciting line up of activities, they have assured the highest level of value each time they make a purchase on TAJMall. Our marketing insights have shown that there is an increasing need to match the kind of variety in product offerings that customers yearn for with the exceptional shopping experience that may at times be lacking. We aim to make that an unmatched experience right from the moment our customers visit our mall to the receipt of their items,” affirmed Co-Founder/CMO, Mr Sherif Idi.

Customers shopping on TAJ Mall are guaranteed 100% authenticity, official warranties from the brands, and a 5 day return policy at no extra cost to the customer.

About TAJMall

What is TAJMall? It is an ethical shopping mall with a carefully curated selection of local and international brands sold by strictly vetted brands.

Why shop on TAJMall? Shopping on TAJMall is an incredibly rewarding online shopping experience. As they can enjoy shopping for a wide assortment of authentic brands from authorized vendors.

Enjoy an incredible 10-day hassle-free return policy: If you are not completely satisfied with your purchase return your products within 5 days of delivery, with proof of purchase, at no extra cost.

What is an Ethical Online Mall? It’s a shopping platform that offers products to the highest standards. There are no compromises in terms of quality of our products or our signature outstanding customer service delivery.

How to find TAJMall products?  Visit www.tajmall.ng for a full list of products spanning household items, groceries, electronics and so much more.

PZ Cussons seeks shareholders’ approval for Nutricima sale to FrieslandCampina

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PZ Cussons Nigeria Plc has advanced discussions on the sale of its food and drinks subsidiary, Nutricima Limited, to Nigerian milk industry leader, FrieslandCampina Wamco Nigeria Plc.

The Board of Directors of PZ Cussons Nigeria has scheduled an Extraordinary General Meeting (EGM) of shareholders later this month during which the divestment is expected to be considered and approved by shareholders.

The shareholders approve and consent to

  1. the role of the Company as the Property Seller of the factory premises, the description of which is fully set out in Resolution 3 below (“Factory Premises”), in furtherance of the proposed sale of the business and assets of Nutricima Limited (“Nutricima”) to FrieslandCampina Wamco Nigeria PLC (“FrieslandCampina Wamco”) and FrieslandCampina Nederland B.V (the “Transaction”); and
  2. all such other acts, arrangements and roles of and/or by the Company, contemplated and made in furtherance of the Transaction under the Transaction Documents, notably, the Assets Purchase Agreement dated 13 March 2020 and the Property Transfer Agreement, executed, amongst others, between the Company, Nutricima, FrieslandCampina Wamco and FrieslandCampina Nederland B.V subject to the procurement of requisite regulatory approvals for the Transaction.
  3. The transfer to and vesting in the Company of all rights and investment interests in the Buildings and Improvements (as defined in the Explanatory Note annexed hereto) within the Factory Premises, is hereby approved.
  4. The sale and transfer to FrieslandCampina Wamco Nigeria PLC of all that portion of land measuring approximately 67,733.235 square meters situate within Plot 20A Ikorodu Industrial Scheme in Ikorodu, Lagos State, Nigeria, (carved out from the Property covered by Certificate of Occupancy No. 6/6/1998E issued by the Lagos State Government on 28th June 1998 and has been registered as Number 6 at Page 6 in Volume 1998E in the Lands Registry of the Lagos State Government), alongside all rights and investment interests in the Buildings and Improvements (together the “Land Assets”), is hereby approved.

Shareholders are expected to mandate the Board of Directors to execute the asset purchase agreement, the property transfer agreements, others to which the company is a party.

The company said attendance at the EGM shall only be by proxy. A shareholder is entitled to attend and vote at the EGM by selecting from the proposed proxies, who include directors and some shareholders.

Unite human, animal and environmental health to prevent the next pandemic – UN Report

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  • COVID-19 is just one example of the rising trend of diseases – from Ebola to MERS to West Nile and Rift Valley fevers – caused by viruses that have jumped from animal hosts into the human population.

  • A new assessment offers ten recommendations and identifies One Health as the optimal way to prevent and respond to future pandemics.

  • The rising trend in zoonotic diseases is driven by the degradation of our natural environment – through land degradation, wildlife exploitation, resource extraction, climate change, and other stresses.

As the COVID-19 pandemic continues to take lives and disrupt economies across the world, a new report warns that further outbreaks will emerge unless governments take active measures to prevent other zoonotic diseases from crossing into the human population, and sets out ten recommendations to prevent future pandemics.

The report, Preventing the Next Pandemic: Zoonotic diseases and how to break the chain of transmission, is a joint effort by the United Nations Environment Programme (UNEP) and the International Livestock Research Institute (ILRI).

It identifies seven trends driving the increasing emergence of zoonotic diseases, including increased demand for animal protein; a rise in intense and unsustainable farming; the increased use and exploitation of wildlife; and the climate crisis. The report finds that Africa in particular, which has experienced and responded to a number of zoonotic epidemics including most recently, to Ebola outbreaks, could be a source of important solutions to quell future outbreaks.

“The science is clear that if we keep exploiting wildlife and destroying our ecosystems, then we can expect to see a steady stream of these diseases jumping from animals to humans in the years ahead,” said UNEP Executive Director Inger Andersen. “Pandemics are devastating to our lives and our economies, and as we have seen over the past months, it is the poorest and the most vulnerable who suffer the most. To prevent future outbreaks, we must become much more deliberate about protecting our natural environment.”

A “zoonotic disease” or “zoonosis” is a disease that has passed into the human population from an animal source. COVID-19, which has already caused more than half a million deaths around the world, most likely originated in bats. But COVID-19 is only the latest in a growing number of diseases – including Ebola, MERS, West Nile fever and Rift Valley fever – whose spread from animal hosts into human populations has been intensified by anthropogenic pressures.

Every year, some two million people, mostly in low- and middle-income countries, die from neglected zoonotic diseases. The same outbreaks can cause severe illness, deaths, and productivity losses among livestock populations in the developing world, a major problem that keeps hundreds of millions of small-scale farmers in severe poverty. In the last two decades alone, zoonotic diseases have caused economic losses of more than $100 billion, not including the cost of the COVID-19 pandemic, which is expected to reach $9 trillion over the next few years.

African countries have an opportunity to lead pandemic prevention efforts

Zoonotic diseases are on the rise everywhere on the planet, and African countries – a number of which have successfully managed deadly zoonotic outbreaks – have the potential to leverage this experience to tackle future outbreaks through approaches that incorporate human, animal and environmental health. The continent is home to a large portion of the world’s remaining intact rainforests and other wildlands. Africa is also home to the world’s fastest-growing human population, leading to an increase in encounters between livestock and wildlife and in turn, the risk of zoonotic diseases.

“The situation on the continent today is ripe for intensifying existing zoonotic diseases and facilitating the emergence and spread of new ones,” said ILRI Director General Jimmy Smith. “But with their experiences with Ebola and other emerging diseases, African countries are demonstrating proactive ways to manage disease outbreaks. They are applying, for example, novel risk-based rather than rule-based approaches to disease control, which are best suited to resource-poor settings, and they are joining up human, animal and environment expertise in proactive One Health initiatives.”

The report’s authors identify the One Health approach — which unites public health, veterinary and environmental expertise — as the optimal method for preventing as well as responding to zoonotic disease outbreaks and pandemics.

10 recommendations

The report identifies ten practical steps that governments can take to prevent future zoonotic outbreaks:

  • Investing in interdisciplinary approaches, including One Health;
  • Expanding scientific enquiry into zoonotic diseases;
  • Improving cost-benefit analyses of interventions to include full-cost accounting of societal impacts of disease;
  • Raising awareness of zoonotic diseases;
  • Strengthening monitoring and regulation practices associated with zoonotic diseases, including food systems;
  • Incentivizing sustainable land management practices and developing alternatives for food security and livelihoods that do not rely on the destruction of habitats and biodiversity;
  • Improving biosecurity and control, identifying key drivers of emerging diseases in animal husbandry and encouraging proven management and zoonotic disease control measures;
  • Supporting the sustainable management of landscapes and seascapes that enhance sustainable co-existence of agriculture and wildlife;
  • Strengthening capacities among health stakeholders in all countries; and
  • Operationalizing the One Health approach in land-use and sustainable development planning, implementation and monitoring, among other fields.

The report launch comes on World Zoonoses Day, observed by research institutions and non-governmental entities on 6 July, which commemorates the work of French biologist Louis Pasteur. On 6 July 1885, Pasteur successfully administered the first vaccine against rabies, a zoonotic disease.