Airline Sector Soaks Up $10b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek

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Airline Sector Soaks Up b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
OPPORTUNITY

                                                 How to Attract
                                                 Private Finance to
                                                 Africa’s Development
ÉDITION 347 – VENDREDI 18 JUIN 2021                   L’HEBDOMADAIRE       DIGITAL GRATUIT
                                                         L’ HEBDOMADAIRE ÉLECTRONIQUE GRATUIT

                            AFRICAN AIRLINES ASSOCIATION

            Airline Sector
          Soaks Up $10b Loss
Airline Sector Soaks Up b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
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              8902 | myt.mu
Airline Sector Soaks Up b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
VENDREDI 18 JUIN 2021 | BIZWEEK | ÉDITION 347                                                                                                             3

                                                                                 BIZ ALERT
DANS UN CONTEXTE DE RALENTISSEMENT POST-PANDÉMIE

Les investisseurs sur le marché de la
dette privée doutent de leur capacité
à gérer les défauts de paiement
Une nouvelle étude d’Ocorian montre que 87 % des investisseurs sur les marchés de capitaux mettent en œuvre une stratégie de prêts directs.
Cependant, moins de la moitié des sociétés en Afrique sont confiantes en ce qu’il s’agit du suivi des clauses restrictives de la dette (44 %), des capacités
en matière de lutte contre le blanchiment de capitaux (48 %) ou de recouvrement des pertes (48 %)

U        ne grande majorité (87 %) des
         investisseurs sur les marchés de
         capitaux mettent en œuvre des
stratégies de prêts directs, même si 47 %
d’entre eux ne croient pas en leur capac-
                                              œuvre.
                                                 Avec 207 milliards de dollars ayant été
                                              déployés par 327 fonds de prêts directs à
                                              travers le monde au cours des dix dern-
                                              ières années, l’étude souligne le manque
                                                                                               pour évaluer leur préparation opération-
                                                                                               nelle alors qu’ils planifient les stratégies
                                                                                               d’investissement pour l’après-pandémie.
                                                                                                  Les sondés issus de sociétés comptant
                                                                                               moins de 10 ans d’existence sont moins
ité à gérer le recouvrement des pertes, ce    de confiance qui règne parmi les investis-       confiants quant à leur capacité à recou-
qui pourrait avoir de graves implications     seurs sur le fait que leur capacité de prêts     vrer les pertes en ce qui concerne le prêt
si les défauts de paiement des entreprises    directs soit suffisante pour surmonter les       direct. Seulement 41 % d’entre eux ont
augmentent à mesure que les politiques de     difficultés. Ils sont le moins confiants pour    exprimé leur confiance. Le niveau de con-
soutien, mises en place par les gouverne-     traiter le recouvrement des pertes (47 %),       fiance concernant les capacités de recou-
ments en raison de la pandémie, sont sup-     l’évaluation des risques (53 %), la produc-      vrement des pertes était le plus bas parmi
primées.                                      tion de relevés (54 %) et le suivi des claus-    les sondés européens (28 %) – nettement
   Selon le Capital Markets report, intit-    es restrictives de dette (57 %).                 inférieur aux sondés nord-américains (40
ulé ‘Navigating CovExit : Searching for                                                        %), africains (48 %) et asiatiques (72 %).
value in the debt markets’, commandité        Confiants par rapport                               Malgré leurs préoccupations, quelque
par Ocorian, leader mondial des services
fiduciaires aux entreprises, de la gestion
                                              aux opportunités                                 92 % des sondés s’attendent à ce que les
                                                                                               faillites d’entreprises et les restructurations
de fonds d’investissement et des services                                                      présentent des opportunités pour eux au
                                                 Ocorian a commandité une étude in-
pour marchés de capitaux, la majorité des                                                      cours des 12 prochains mois, dont 22 %
                                              dépendante auprès de 100 décideurs sur
investisseurs sur les marchés de capitaux                                                      qui pensent que les opportunités seront
                                              les marchés de capitaux travaillant dans
(57 %) ont une stratégie de prêts directs                                                      importantes. À l’échelle régionale, les
                                              des banques d’investissement et des so-
qu’ils envisagent d’étendre et 30 % ont une                                                    firmes en Afrique étaient plus confiantes
                                              ciétés financières privées en Europe, en
stratégie qu’ils sont en train de mettre en                                                    (96 %) par rapport à ces opportunités.
                                              Amérique du Nord, en Afrique et en Asie

              makes searching simple

                                                                                        Official online directory of Mauritius Telecom

                                                                                              Business                                           People
Airline Sector Soaks Up b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
VENDREDI 18 JUIN 2021 | BIZWEEK | ÉDITION 347                                                                                                                                                             4

                                                                                            LA TOUR
AFRICAN AIRLINES ASSOCIATION

Airline Sector
Soaks Up $10b Loss
The airline industry in Africa recorded a passenger revenue loss of about $10.21 billion for the year 2020, with passenger numbers dropping from 95
million in 2019 to 34.7 million in 2020, representing a year-on-year decline of 63.7 percent. The published its impact assessment analysis on June
2, giving an in-depth analysis of the continent’s air industry performance for 2020, showing that the carriers will continue to lose money in 2021,

F
although it is expected to reduce to about $8.35 billion
               rom the end of March, the ma-
               jority of carriers grounded their
               aircraft causing a drastic seat and
               revenue per kilometre drop of
               85 percent and 94 percent re-
spectively in April. The reduction in traffic
continued until June, before reversing with
the gradual opening of borders. The survey
entitled ‘Air Transport Report 2020’ also
found that African airlines carried more do-
mestic traffic in 2020, making 43 percent of
their total traffic.
   “The leading carriers in terms of domestic traffic
are airlines like Safair, Ethiopian Airlines, Mango
Airlines, and Air Algerie. Those five airlines car-
ried 4.8 million passengers on domestic routes during
the year. International traffic represented 57 percent
breaking down into 19 percent of Intra-African
and 38 percent of intercontinental passengers”, can
we read in the report of the African Airlines
Association (AFRAA).
   Europe is the major international destina-
tion of African airlines, representing 21 per-
cent and even exceeding Intra African traffic
(19 percent), domestic excluded. Traffic to
the Middle East tended to increase, while
traffic to Asia reduced due to Covid-19.

Lowering airport
charges
   Northern Africa leads in passenger num-
bers, representing 36.6 percent of the total
continental traffic, boosted by European
tourists. Eastern Africa is second with a
share of 22.2 percent of the continent’s
market. Domestic and Intra-African traffic
are dominant in this region, both represent-
ing 70 percent of the traffic in 2020.
   Southern Africa suffered a 63.6 percent
drop in traffic due to Covid-19 with the re-
gion having only 21 percent of the conti-
nental traffic but its share of domestic mar-
ket grew to 77 percent in the last quarter of
2020, from 66 percent before Covid-19.
   Central and Western African regions both
represented 19.7 percent of the traffic in
Africa.
   Johannesburg and Cairo were the busi-
est airports as per landings and take-offs,
with Jomo Kenyatta International Airport
in Nairobi leading ranking by freight traffic
                                                         lockdown measures. Mauritius completely
                                                         ceased operations during Quarters 2 and 3,
                                                                                                            Kenya lead with 30 direct flights and more
                                                                                                            to other countries within Africa. However,
                                                                                                                                                             REGIONAL INSIGHTS
handling more than 330,000 tonnes in 2020
                                                         bringing connectivity level to zero. Airports      the intra-African connectivity remains poor.        Northern Africa is the leading region in
followed by Cairo’s 280,000 tonnes.
                                                         like Madagascar, Lome and Khartoum saw a           African airlines should take the opportuni-      terms of passengers, representing 36.6% of
   Lusaka has the highest level of charges
                                                         quick improvement from the beginning of            ty to develop their intra-African Network,       the total continental traffic. In this region,
while Mahe Island has the lowest among
                                                         Quarter 3, benefiting from less strict restric-    especially in this period where the EU has       the major part of this traffic is directed out-
the selected airports. Some of the busiest
                                                         tions.                                             limited travels to Europe.”                      side the continent, in particular to Europe:
airports in Africa like Johannesburg, Addis,
                                                            In 2020, the regional traffic represented          In terms of Visa openness within, more        45% before Covid. This can be explained
Algiers are among the least expensive. This
                                                         only 19% of African carriers’ operations.          and more countries are opening their bor-        by the tourism that is developed in the re-
indicates that lowering the airport charges
                                                         Furthermore, the Covid-19 situation deplet-        ders to other African countries. In 2010,        gion and attracts Europeans. Middle-East is
can have a positive effect on traffic.
                                                         ed the Intra-African connectivity that was         The Gambia joined Seychelles and Benin           also a preferred destination from Northern
                                                         already low. It is important to facilitate trav-   in the group of totally Visa-free countries.
Removing                                                 els within Africa by removing the barriers         Visa on arrival is adopted by 32 countries
                                                                                                                                                             Africa (22% of the traffic in 2019) due to
barriers                                                 that prevent travels within the continent.         across Africa. Unfortunately, in 2020, 46%
                                                                                                                                                             the strong cultural and economic relation-
                                                                                                                                                             ship between the Maghreb and Middle-East.
                                                            “Among the 54 countries in the African          of Africans still need a visa to travel to an-   The Covid-19 outbreak caused a year-on-
  Johannesburg remains the most connect-                 continent, 13 have direct flights to more          other African country compared to 50% in         year drop of 61% of the regional traffic.
ed airport, even if severely affected by the             than 20 African countries. Ethiopia and            2019, which is a small improvement.

                                                                                                                                                                                           Cont’d on page 5
Airline Sector Soaks Up b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
VENDREDI 18 JUIN 2021 | BIZWEEK | ÉDITION 347                                                                                                5

                                                LA TOUR
                                                    The traffic toward Europe declined by         lated to Covid reached 63.6% compared to
                                                    5%, in favor of Middle-East (+2.6%) and       2019. In this region representing 21% of the
                                                    intra-Africa (+2.1%). The part of the do-     continental traffic, the domestic market is
                                                    mestic market is around 20%, which is far     clearly dominant: from 66% before the Cov-
                                                    from the continental average that is 43%.     id, the part of domestic traffic increased up
                                                       Eastern Africa is the second region in     to 77% in the last quarter of 2020. On the
                                                    terms of passenger traffic volumes with a     other end, intra-African traffic reduced, as
                                                    share of 22.2%. Domestic and Intra-Af-        well as traffic outside the continent.
                                                    rican traffic are dominant in this region,       Central and Western African regions
                                                    both representing 70% of the traffic in       both represented 19.7% of the traffic in
                                                    2020. Europe is the major destination out-    Africa. Domestic traffic represented around
                                                    side the continent followed by Asia (12%      40% in 2019, Intra-African following with
                                                    and 7% respectively). After the beginning     32%. In 2020, with the Covid situation, the
                                                    of the Covid crisis, the share of the do-     share of domestic increased, particularly in
                                                    mestic market rose by 20%. On the oth-        the second quarter with 68% with the bor-
                                                    er hand, Intra-African traffic reduced by     ders closing. The share of Europe, the prin-
                                                    10%. Asia also lost some shares, from 8%      cipal destination outside Africa reduced from
                                                    to 2% from quarter two.                       12% in 2019 to 10% in 2020. The traffic to
                                                       In Southern Africa, the traffic drop re-   Asia also declined from 5.8% to 2.4%.
Airline Sector Soaks Up b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
VENDREDI 18 JUIN 2021 | BIZWEEK | ÉDITION 347                                                                                                                                                      6

                                                                         ACTA PUBLICA
BAROMÈTRE DU COMMERCE DES MARCHANDISES

Une solide reprise du commerce
et l’ampleur du choc provoqué
par la COVID-19
Selon le dernier Baromètre du commerce des marchandises de l’Organisation Mondiale du Commerce publié le 28 mai, le commerce mondial des

L
marchandises continue de se redresser en 2021 après une chute brutale mais brève au deuxième trimestre de l’année dernière en raison de la pandémie
             e Baromètre du commerce des
             marchandises est un indicateur
             avancé composite du commerce
             mondial qui fournit des rensei-
             gnements “en temps réel” sur
l’évolution du commerce des marchandis-
es par rapport aux tendances récentes. Le
niveau actuel du baromètre — de 109,7 —
est supérieur de près de 10 points à la valeur
de base de 100 de l’indice et a augmenté
de 21,6 points en glissement annuel, ce qui
dénote à la fois la vigueur de la reprise act-
uelle et l’ampleur du choc provoqué par la
COVID-19 l’année dernière.
   Au cours du dernier mois, tous les indices
constitutifs du baromètre étaient supérieurs
à la tendance et en hausse, soulignant la na-
ture généralisée de la reprise et signalant une
accélération du rythme de l’expansion du
commerce.
   Parmi les indices constitutifs du baromè-
tre, les augmentations les plus marquées
ont été observées pour les commandes à
l’exportation (114,8), le fret aérien (111,1),
et les composants électroniques (115,2),
qui ont tous une forte valeur de prédiction
des tendances à court terme du commerce.
La vigueur de l’indice relatif aux produits
automobiles (105,5) pourrait refléter une
amélioration du moral des consomma-               La plus grave menace                             merce des services qui reste faible et par des
                                                                                                   calendriers de vaccination qui prennent du
                                                                                                                                                      dante de 2019.
                                                                                                                                                         Bien que les statistiques trimestrielles du
teurs, la confiance étant étroitement liée aux
ventes de biens durables. C’est également le         La dernière lecture du baromètre est large-   retard, notamment dans les pays pauvres.           volume des échanges pour les premier et
cas des matières premières agricoles (105,4),     ment conforme aux prévisions commerciales           Le commerce mondial se redresse depu-           deuxième trimestres de 2021 n’aient pas en-
qui sont principalement constituées de bois       actuelles de l’OMC publiées le 31 mars, qui      is le deuxième trimestre de 2020, lorsque          core été publiées, elles devraient afficher une
destiné à la construction de logements. En-       prévoyaient une reprise de 8% du volume          la propagation du virus de la COVID-19 a           très forte croissance en glissement annuel, en
fin, la bonne performance du transport par        du commerce mondial de marchandises en           provoqué des confinements dans de nom-             raison du récent renforcement des échang-
conteneurs (106,7) est d’autant plus impres-      2021, après une baisse de 5,3% l’année précé-    breux pays et déclenché une chute brutale du       es d’une part et de l’effondrement du com-
sionnante que les expéditions maritimes ont       dente. Les perspectives relativement positives   commerce mondial. Le volume des échanges           merce l’année dernière d’autre part. Cepend-
bien résisté à la pandémie et ont donc eu         à court terme du commerce sont assombries        de marchandises avait baissé de 15,5 % en          ant, la COVID-19 continue de représenter
moins de terrain à rattraper.                     par des disparités régionales, par un com-       glissement annuel au deuxième trimestre,           la plus grave menace pour les perspectives
                                                                                                   quand les confinements étaient pleinement          commerciales, car la reprise pourrait être fac-
                                                                                                   effectifs, mais au quatrième trimestre, il avait   ilement compromise par de nouvelles vagues
                                                                                                   dépassé le niveau de la période correspon-         d’infection.
Airline Sector Soaks Up b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
VENDREDI 18 JUIN 2021 | BIZWEEK | ÉDITION 347                                                                                                                                      7

                                                             POST SCRIPTUM
ABEBE AEMRO SELASSIE           OPPORTUNITY
is the Director of the IMF’s
African Department.

LUC EYRAUD is Advisor
and Mission Chief in the
                               How to Attract Private Finance
IMF’s African Department.

CATHERINE PATTILLO
is a Deputy Director in the
                               to Africa’s Development
IMF’s African Department.      African economies are at a pivotal juncture. The COVID-19 pandemic has brought economic
                               activity to a standstill. Africa’s hard-won economic gains of the last two decades, critical in im-
                               proving living standards, could be reversed. High public debt levels and the uncertain outlook
                               for international aid limit the scope for growth through large public investment programs. The
                               private sector will have to play more of a role in economic development if countries are to enjoy
                               a strong recovery and avoid economic stagnation. Heads of state from Africa made this one of
                               their resounding messages during the recent summit on “Financing African Economies” held in
                               Paris in May
                                                                                                                                   Exit risk. No investor will enter a country
                                                                                                                                   if they don’t have assurances that they can
                                                                                                                                   also exit by selling their stakes in a project
                                                                                                                                   and recouping their gains. Narrow and
                                                                                                                                   underdeveloped financial markets may prevent
                                                                                                                                   investors from exiting by issuing shares.
                                                                                                                                   Capital controls can slow down or increase
                                                                                                                                   the cost of exiting. And, when the legal
                                                                                                                                   framework is weak, investors may get bogged

                               I
                                                                                                                                   down in legal battles to have their rights
                                       nfrastructure—both physical (roads,      2020 GDP) and almost a quarter of the              recognized.
                                       electricity) and social (health,         average private investment ratio in the region
                                       education)—is one area where the         (currently 13 percent of GDP).                     Incentivizing private
                                       private sector could be more involved.                                                      investment
                                       Africa’s infrastructure development      What constrains private
                               needs are huge--in the order of 20 percent       finance now?                                       Improving the business climate is important
                               of GDP on average by the end of the decade.                                                         but not enough. Development sectors have
                               How can this be financed? All else equal, the    At the moment, the private sector is not           certain structural features that make private
                               main source of financing would be more tax       involved much in financing and delivering          sector participation intrinsically complicated,
                               revenue collections, something which most        infrastructure in Africa, compared to other        even in the most favorable environments.
                               countries are working towards. But, given the    regions. Public entities, such as national         For instance, infrastructure projects often
                               scale of the needs, new financing sources will   governments and state-owned enterprises,           have large upfront costs, but their returns
                               have to be mobilized from the international      carry out 95 percent of infrastructure             accrue over long periods of time, which can be
                               community and the private sector.                projects. The volume of infrastructure             difficult for private investors to assess. Private
                               Africa is a continent that holds immense         projects with private sector participation         sector growth also thrives on networks and
                               opportunity for private investors. It has a      has significantly declined in the past decade,     value chains, which may not yet exist in new
                               young and growing population and abundant        following the commodity price bust. The            markets.
                               natural resources. Cities are seeing massive     limited role of private investors is also          When these problems are acute, governments
                               growth. Many countries have launched             apparent from an international comparison          may have to provide extra incentives to make
                               long-term industrialization and digitalization   perspective: Africa attracts only 2 percent        infrastructure projects attractive to private
                               initiatives. But significant investment and      of global flows of foreign direct investment.      investors. These incentives, which comprise
                               innovation are necessary to unlock the           And when investment does go to Africa, it          various types of subsidies and guarantees,
                               region’s full potential. Recent research         is predominantly to natural resources and          can be costly and carry fiscal risks. But the
                               published by IMF staff shows that the private    extractive industries, not health, roads or        truth is, many projects in development sectors
                               sector could, by the end of the decade, bring    water.                                             won’t happen without them. In East Asia, 90
                               additional annual financing equivalent to        To attract private investors and transform         percent of infrastructure projects with private
                               3 percent of sub-Saharan Africa’s GDP            the way Africa finances its development,           participation receive government support.
                               for physical and social infrastructure. This     improvements in the business environment           With certain design features, governments can
                               represents about $50 billion per year (using     seem critical. Our research shows that three       maximize the efficiency and impact of public
                                                                                key risks dominate international investors’        incentives, while minimizing risks. Support
                                                                                minds:                                             should be targeted, temporary and granted
                                                                                Project risk. Despite Africa presenting a          on the basis of proven market dysfunctions.
                                                                                wealth of business opportunities, the pipeline     It should also be transparent, leave
                                                                                of projects that are truly “investment-ready”      sufficient risk to private parties, and display
                                                                                remains limited. These are projects sufficiently   additionality, meaning that incentives should
                                                                                developed to appeal to investors that do not       make worthy projects happen that would not
                                                                                want to invest in early-stage concepts or          happen otherwise. Finally, their size should be
                                                                                unfamiliar markets. Financial and technical        well calibrated to avoid overcompensating the
                                                                                support by donors and development banks can        private sector.
                                                                                help countries fund feasibility studies, project   Given the limited availability of public funds,
                                                                                design and other preparatory activities that       African countries and development partners
                                                                                expand the pool of bankable projects.              could consider reallocating some resources
                                                                                Currency risk. Imagine that a project yields a     used for public investment towards financing
                                                                                return of 10 percent a year, but the currency      public incentives for private projects. When
                                                                                depreciates by 5 percent at the same time--this    this reallocation is gradual and supported
                                                                                would eliminate half of the profits for foreign    by sound institutions, transparency and
                                                                                investors. No wonder currency risk is a top        governance, it could increase the amount,
                                                                                concern for them. Prudent macroeconomic            range, and quality of services for people
                                                                                policy combined with sound foreign exchange        in Africa. More innovative thinking can
                                                                                reserve management can greatly reduce              help realize the transformative potential of
                                                                                currency volatility.                               infrastructure on the continent.
Airline Sector Soaks Up b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
VENDREDI 18 JUIN 2021 | BIZWEEK | ÉDITION 347                                                                                                                                                           8

                                                                                                DEBRIEF
                       ORGANIZATIONAL INTEGRITY INDEX (OII)
                                                                                                                                 Autism Maurice says Thank You
Better perception of                                                                                                                In view to ensure a better-quality health care for many Autis-
                                                                                                                                 tic Mauritians, on Friday 11 June 2021, in budget 2021-2022(290
                                                                                                                                 C), the Government has announced an amount of the public health

  MRA’s Integrity
                                                                                                                                 budget which will cater for “Upgrading works and setting up of day
                                                                                                                                 care wards for autistic children at the five regional hospitals”. Ac-
                                                                                                                                 cording to the World Health Organisation, about 1 in 160 children
                                                                                                                                 has ASD. Autisme Maurice founded in November 2009, has been
                                                                                                                                 creating awareness and providing Special Need Education to au-
The fourth survey on the perception of integrity at the Mauritius Revenue Authority                                              tistic children. We believe in an Inclusive Society. Autisme Maurice
(MRA) demonstrated once again that the institution is moving in the right direction                                              would like to thank the Government and the Minister of Finance
                                                                                                                                 for the efforts he has made to facilitate the life of the Autistic indi-
to achieve its ultimate goal of being a world-class tax administration respected for its                                         viduals. This is a great relief for parents and the individuals on the
professionalism, efficiency, equity, its integrity and its contribution to the socio-eco-                                        spectrum. It is a long fight over years, started by late Mrs Geraldine
                                                                                                                                 Aliphon, and the show must go on.
                   nomic development of the Republic of Mauritius

T       his survey, conducted by
        the firm Economic &
        Management Consultants
Ltd among MRA’s stakeholders
and the public in general, aimed
                                            zational Integrity Index has im-
                                            proved, compared to the last ex-
                                            ercise carried out in 2016. It went
                                            from 73.9 in 2016 to 76.3 in 2021.
                                            According to MRA staff, the de-
                                                                                           initiatives it has implemented in
                                                                                           recent years. In its organization-
                                                                                           al structure, the Internal Affairs
                                                                                           Division and the Internal Audit
                                                                                           division are respectively respon-
                                                                                                                                 Collectes à Phoenix :
                                                                                                                                 Chaque Mauricien donnant
                                                                                                                                 son sang peut sauver trois vies
at assessing their perception of in-        partments that enjoy the highest               sible for staff integrity and good      Chaque        pinte
tegrity at the MRA. It was based            level of integrity are the Internal            governance. The MRA has its own       donnée peut sauver
on the following six dimensions of          Audit Department (IAD), the                    code of conduct and ethics, an ob-    trois vies. Devant le
integrity: (i) the legal framework,         Operational Services Department                ligation of its employees to submit   manque drastique
regulatory and institutional, (ii)          (OSD), the Large Taxpayers De-                 a declaration of assets every three   de pintes dans nos
leadership, (iii) internal controls,        partment (LTD) and the Informa-                years, a declaration of integrity     banques de sang,
(iv) staff attitude and behaviour,          tion Systems Department (ISD).                 policy, a guide on “gifts” and the    plusieurs      entités
(v) its relationship with external          In contrast, the business segment              obligation to report assets. New      se sont regroupées
stakeholders and (vi) the automa-           assigns the highest integrity rating           strategies such as the Corruption     pour organiser une
tion and reforms within the Or-             to Customs.                                    Risk Mapping (CRM) have been          collecte à Phoenix,
ganisation.                                    This result is highly encouraging           developed to identify the risks of    dans le cadre de la
   The report, submitted in May             result for the MRA, and is indica-             corruption and take measures to       Journée mondiale
2021, reveals that the Organi-              tive of the success of the various             counter them.                         du donneur de sang.
                                                                                                                                 Blast BCW, le Cen-
                                                                                                                                 tre    International
Wellkin Hospital by C-Care réalise sa première                                                                                   de Développement
                                                                                                                                 Phar maceutique
discectomie lombaire par voie endoscopique                                                                                       (CIDP), le groupe
                                                                                                                                 Socota, Jumbo et
    C’est une première médicale à           ble pour qu’elle puisse reprendre ses ac-                                            Phoenix Mall ont
Wellkin Hospital, et une excellente         tivités et surtout, ne plus souffrir de son                                          invité, ainsi, les
nouvelle pour les patients souf-            dos. Après une IRM, nous avons opté                                                  Mauriciens à faire
frant d’une hernie discale. L’équipe        pour une discectomie lombaire par voie                                               ce don de soi si
de chirurgiens de Wellkin Hospital,         endoscopique. Il s’agit d’une chirurgie                                              précieux à la survie
dirigée par le Dr S. Karunagaran,           mini-invasive de la colonne vertébrale qui                                           des malades. Deux caravanes de la Banque de sang étaient postées à
a opéré avec succès une patiente            présente de nombreux avantages pour les                                              Socota Phoenicia (Biopark) et à Phoenix Mall, le mercredi 16 juin,
en effectuant une discectomie               patients. Nous effectuons de plus en plus                                            entre 9 et 15 heures.
lombaire par voie endoscopique.             d’interventions en utilisant cette technique
L’opération a eu lieu le samedi, 22         novatrice. Jusqu’à tout récemment, les pa-                                           Football : Place à la 47e édition de la
mai 2021.                                   tients mauriciens se tournaient vers des
    « La patiente souffrait de douleurs     centres de santé à l’étranger pour en béné-                                          COPA AMERICA sur CANAL+
lombaires qui s’étaient aggravées au fil    ficier », explique le Dr S. Karunaga-                                                   Les plus grandes équipes de football d’Amérique du Sud se réunis-
du temps et avaient atteint un point où     ran, Senior Consultant – spécialiste                                                 sent sur les chaînes CANAL+ SPORT pour la COPA AMERICA
elles affectaient gravement sa mobilité.    en orthopédie et chirurgie rachidi-                                                  2021. Ainsi, du 13 juin au 11 juillet, l’intégralité des matchs sera
La chirurgie était le seul recours possi-   enne au Wellkin Hospital.                                                            diffusée sur les chaînes CANAL SPORT 3 et CANAL+ SPORT 4
                                                                                                                                 en direct et en haute définition. Dix équipes d’Amérique du sud
                                                                                                                                 s’affronteront lors de ce championnat, qui se déroule cette année au
                                                                                                                                 Brésil avec les plus grands joueurs de football, tels que Lionel Messi,
Constance Belle Mare Plage : La créativité                                                                                       Sergio Agüero, Dani Alves, Thiago Silva, Philippe Coutinho, Ga-
                                                                                                                                 briel Jesus et Luis Suárez entre autres… Les abonnés peuvent aussi
au service du développement durable                                                                                              visionner toutes les rencontres en mobilité et quand ils le veulent, à
                                                                                                                                 travers l’application myCANAL.
   La formation est au cœur de la politique environne-
mentale de Constance Hotels & Resorts. Grâce à son
programme Constance BRIGHT, le groupe hôtelier a mis
en place plusieurs projets de revalorisation des déchets
à travers lesquels les employés ont pu faire preuve de
créativité. Fidèle à sa devise « True by Nature », le groupe
compte encourager davantage ce type d’activités auprès de
ses équipes, qui demeurent au centre de son engagement
en faveur de la préservation de l’environnement. Au Con-
stance Belle Mare Plage, des employés ont réalisé deux
projets pour recycler des copeaux de savon et des bou-
gies usagées. En effet, finalisé en février dernier, le projet
« Coco bougie » consiste à fabriquer à la main des bougies
                                          écologiques en re-
                                          cyclant des bou-
                                          gies chauffe-plat
                                          qui sont utilisées
                                          dans les spas. Il
                                          s’agissait d’un tra-
                                          vail d’équipe im-
                                          pliquant les dépar-
                                          tements chargés
                                          de l’entretien et
                                          de l’aménagement
                                          paysager.
Airline Sector Soaks Up $10b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek Airline Sector Soaks Up $10b Loss - AFRICAN AIRLINES ASSOCIATION - How to Attract Private Finance to Africa's Development - Bizweek
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