A crush outside a football stadium in Cameroon where the host nation qualified for the Africa Cup of Nations quarter-finals on Monday has left at least eight people dead and 50 injured, according to Cameroon state television.
Crowds attempted to enter Olembe Stadium in the capital Yaounde to watch Cameroon beat Comoros 2-1 to reach the last eight at Afcon 2021.
Although the stadium's capacity of 60,000 has been limited over coronavirus fears, the cap of 60 per cent is raised to 80 percent when Cameroon's Indomitable Lions play.
"Eight deaths were recorded, two women in their thirties, four men in their thirties, one child, one body taken away by the family," according to a preliminary health ministry report obtained by AFP.
The ministry said victims were "immediately transported" in ambulances, but "heavy road traffic slowed down the transport".
Some 50 people were injured in the crush, including two people with multiple injures and two more with serious head wounds, the ministry said.
A baby was also reportedly trampled by the crowd, the ministry added, although the infant was "immediately extracted and taken to Yaounde General Hospital" and is in a "medically stable" condition.
Earlier, Africa Cup of Nations organising committee spokesperson Abel Mbengue told AFP: "There was a crush as can happen when there is a stampede. We are waiting for reliable information on the number of casualties in this tragic incident".
Naseri Paul Biya, the governor of the central region of Cameroon, told the Associated Press there could be more deaths.
“We are not in position to give you the total number of casualties,” he said.
The stadium, which hosted the tournament’s opening ceremony, was built in preparation for the delayed competition, which kicked off earlier this month.
The capacity was supposed to be capped at 48,000 people, and the stampede occurred once stadium officials closed the gates.
"Some of the injured are in desperate condition," nurse Olinga Prudence told reporters. "We will have to evacuate them to a specialized hospital."
The Confederation of African Football (CAF), the continent's governing body, said it was "investigating the situation and trying to get more details on what transpired" and that it had sent its secretary general, Véron Mosengo-Omba, to "visit the supporters in hospital in Yaounde".
It added it was in "constant communication with Cameroon government and the Local Organizing Committee".
Cameroon's health minister, Manaouda Malachie, tweeted images showing him visiting a hospital treating those hurt in the incident.
"Everything is done to give them free care and the best support," he tweeted.
It is understood the CAF will hold a "crisis meeting" with the organising committee on Tuesday morning at 9.30am (8.30 GMT), dedicated exclusively to security issues in the stadiums.
On the pitch, before news of the incident emerged, Cameroon sealed their place in the last eight as they took advantage of a numerical advantage after Comoros' Jimmy Abdou was shown a red card after only seven minutes. Karl Toko Ekambi and captain Vincent Aboubakar scored for the hosts before Youssouf M'Changama scored a late consolation for the tiny island nation.
The Indomitable Lions are now due to play Gambia in the quarter-finals this weekend in Douala.
Previously, overcrowding at football matches has resulted in scores of deaths.
Thousands of fans in the Egyptian capital Cairo in 2015 attempted to enter a stadium to watch a game, triggering panic as police fired tear gas and birdshot and resulting in 19 dead.
In April 2001, 43 people died in a stampede at Johannesburg's Ellis Park stadium during a game between Orlando Pirates and Kaizer Chiefs.
And in Guatemala in October 1996, 90 people were killed in a crush during a World Cup qualification match between the host nation and Costa Rica at an overpacked stadium.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
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Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
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Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
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The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Kalra's feat
- Becomes fifth batsman to score century in U19 final
- Becomes second Indian to score century in U19 final after Unmukt Chand in 2012
- Scored 122 in youth Test on tour of England
- Bought by Delhi Daredevils for base price of two million Indian rupees (Dh115,000) in 2018 IPL auction