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How Africa's economies are withstanding Coronavirus

How Africa's economies are withstanding Coronavirus

Many African countries have been praised for waging effective campaigns against coronavirus, and the region has a relatively low case count compared to Europe and the US. African economies have likewise been hit less hard, and Amandla Ooko-Ombaka of McKinsey and Company explains how a mix of a youthful population, hot climate and swift government response helped many of these economies stay resilient. But Lisa Owino, of the Kenyan human rights organisation KELIN, says in some cases government intervention over-stepped and was overly punitive to ordinary people. And Tosin Eniolorunda, founder & Chief Executive of Nigerian financial services company TeamApt says digital finance tools helped people maintain social distancing while conducting business.

(Picture: Kenyans walk past a mural about the Coronavirus in Nairobi. Picture credit: Getty Images)

Can Fintech fuel Africa’s Covid recovery?

Can Fintech fuel Africa’s Covid recovery?

2019 was a landmark year for investment into digital financial services, or Fintech, across Africa. Despite the pandemic, the Fintech scene is not only still thriving; it’s poised to play a key role in Africa’s economic recovery. Uzoma Dozie, the head of Nigerian startup Sparkle, says with Covid limiting our ability to handle cash, the cashless revolution in Africa is moving along rapidly. But Viola Llewellyn, president of Ovamba Solutions, which helps finance small businesses across Africa, says some sectors of African banking still lagged behind in digital services provision. Barbara Iyayi of Unicorn Growth Capital says Africa has a “perfect storm” of a young population, prevalent mobile services and a low rate of bank account holding, means Fintech will thrive across African economies but the infrastructure needs to be built up more.

(Image credit: Getty Creative)

Your digital legacy

Your digital legacy

The companies managing your online life after death. Ed Butler speaks to Tom Ainsworth, CEO of Memories, an online memorial service that provides messages from beyond the grave, and to Rikard Steiber, founder of startup GoodTrust, which aims to help people take control of their digital legacies. Pyschologist Dr Elaine Kasket discusses the phenomenon of online death in the age of the pandemic, and why online legacies may be less permanent than we think.

(Photo: A funeral is livestreamed in Austria earlier this year, Credit: Getty Images)

Varoufakis: My alternative to capitalism

Varoufakis: My alternative to capitalism

With Covid rampaging and many economies on life-support, some say we need to look beyond capitalism. A blue-sky thinker, the outspoken former Greek finance minister, Yanis Varoufakis, gives his thoughts on a radical alternative to standard market economics, including making all employees shareholders in corporations. And Miatta Fahnbulleh, chief executive of the New Economics Foundation, imagines how this might ever be seriously attempted in practice.

The Pink Frontline

The Pink Frontline

A lack of legal protection in many parts of the world leaves many transgender employees vulnerable. Few countries offer legal protection against discrimination of transgender people. This week is transgender awareness week - what role do companies play in the rights of transgender people? Manuela Saragosa speaks to Caroline Paige, joint chief executive of a UK pressure group called Fighting with Pride. In 1999 she became the first transgender officer to transition openly while serving in the UK Armed Forces, some 19 years after she’d first joined the Royal Air Force as a pilot. South African author of The Pink Line, Mark Gevisser describes the fight to get laws to protect transgender people from discrimination as a new culture war along a human rights frontier. He says one of the most significant markers is which countries allow people to legally change their gender on official documents. Manuela also speaks to Lily Zheng who is a diversity consultant to businesses and organisations and is herself transgender and to Thai university lecturer Kath Khangpiboon, living and working as a woman in Thailand although official documents only recognise her as male.

Pic of Kath Khangpiboon, via Kath Khangpiboon

Business Weekly

Business Weekly

Excitement and hope this week as the pharmaceutical giant Pfizer said it believed that its Covid-19 vaccine is 90% effective. On this edition of Business Weekly we’ll look at the logistical challenges of rolling it out. How will it be transported? Who will get access to it - and how much will it cost? Also at a high level climate change conference in London our correspondent chats to chief executives who say capitalism can help the planet - but will they put their money where their mouth is? Plus, what, if anything do parents owe their children? We have the intriguing story of the man who sued his parents because they couldn’t afford him. Business Weekly is presented by Lucy Burton and produced by Vishala Sri-Pathma.

The problem with polling

The problem with polling

Is the polling industry the real loser in the American presidential elections? Pollsters have come in for criticism that they misjudged President-elect Biden’s support, and did even worse in the state senate elections. Andrew Gelman, professor of statistics and political science at Columbia University explains why some of the errors were made. Zeynep Tufekci, associate professor at the University of North Carolina, Chapel Hill, argues that polling can have a distorting effect on democracy itself, changing how people vote or whether they do at all. Meanwhile, Anthony Wells of UK research firm YouGov explains how the polling industry functions outside of the electoral spotlight, and why political forecasts are just a small part of it.

(Image credit: Getty Creative.)

Does 'Green Finance' offer a solution to climate change?

Does 'Green Finance' offer a solution to climate change?

Ahead of the 2021 Climate Change Conference, big names in the world of finance are banding together to create ways to reduce greenhouse gas emissions. With new improved carbon offset markets, monitoring and standardisation of emissions goals and an emphasis on channelling capital to projects based on renewable energy, evangelists of so-called 'Green Finance' believe capitalism can reinvent itself to the benefit of the planet. Rhian-Mari Thomas, chief executive of the Green Finance Institute and convenor of the just-finished Green Horizons Summit, outlines the vision. May Boeve of the environmental group 350.org says much of capital is still directed towards climate-damaging industries. And Bill Winters, chief executive of Standard Chartered, explains how an effective carbon offset market would work.

Produced by Frey Lindsay.

(Picture credit: Getty Images.)

Ukraine’s fight against corruption

Ukraine’s fight against corruption

Ukraine is in the midst of a constitutional crisis. The President Volodymyr Zelensky says the judiciary are blocking anti-corruption reform. The top judges won't budge and can't be sacked. So what do we know about the President's reform credentials? In this episode, we hear from the former central bank governor Valeria Gontareva who says she’s been a victim of a campaign of harassment that has left her fearing for her life, ever since she introduced anti-corruption reforms. Former economy minister Tymofiy Mylovanov, who resigned from government this year following a disagreement with President Zelensky, gives his view on what more needs to be done to combat corruption in Ukraine. And we hear from President Zelensky’s official spokesperson Iuliia Mendel.

Produced by Joshua Thorpe.

(Image: President Zelensky. Credit: Getty Images)

The 'milestone' vaccine is already having an effect

The 'milestone' vaccine is already having an effect

Stock markets have rocketed on hopes of a Covid-19 vaccine breakthrough. The BBC's Business Editor Simon Jack explains who the winners and losers have been on the markets so far, and what this could mean for future stimulus packages and inflation. The drugmakers responsible for the vaccine claim it can prevent more than 90% of people from getting Covid-19. We'll hear from Mikael Dolsten, Global Research Chief for one of the drugmakers Pfizer. And epidemiologist Peter Horby of the University of Oxford expresses guarded optimism for the world opening up again.

Produced by Frey Lindsay.

(Image credit: Getty Images.)

US Elections: How will Biden approach the economy?

US Elections: How will Biden approach the economy?

US President-elect Joe Biden is to make tackling the coronavirus pandemic his top priority following his win over Donald Trump, his team says. Larry Summers, former director of the National Economic Council under President Obama says the country can’t have a healthy economy without a healthy population. But before the President-elect can get to work, he and his team have a slew of legal challenges from President Trump to fend off. Barry Richard, veteran Florida lawyer who represented then candidate George W. Bush in the 2000 election Supreme Court battle, runs down the merits of those challenges, as well as their flaws.

Produced by Frey Lindsay and Joshua Thorpe.

(Image credit: Getty Images)

Business Weekly

Business Weekly

After a nail-biting week, the Oval Office is within Joe Biden’s grasp - on this edition of business weekly we’ll ask what this means for US economic policy. We’ll find out why the markets rallied and ask a former climate negotiator what a Biden presidency could mean for the environment. We’ll also hear from the sailors stuck at sea thanks to covid restrictions. There are concerns that that the plight of the 400,000 sailors unable to go ashore and home could become a humanitarian catastrophe. Plus, we take a closer look at the little Ant that grew into a financial giant as Jack Ma’s financial company is prevented from listing on the stock exchange at the last moment. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.

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