Analysis & Opinion
“The Economic Commission for Africa (ECA) on Friday warned the unfolding coronavirus crisis could seriously dent Africa’s already stagnant growth with oil exporting nations losing up to US$ $65 billion in revenues as crude oil prices continue to tumble… The ECA estimates COVID-19 could lead to Africa’s export revenues from fuels falling at around US$101 billion in 2020.”
“Economically, the effects have already been felt – demand for Africa’s raw materials and commodities in China has declined and Africa’s access to industrial components and manufactured goods from the region has been hampered. This is causing further uncertainty in a continent already grappling with widespread geopolitical and economic instability.”
“Nigeria CDC leader Chikwe Ihekweazu discusses outbreak detection, preparedness, response, and COVID-19 in Africa.”
“Africa’s ambitious plans to establish free trade and travel across the continent will increase movement even more. Although economically advantageous, these plans could set the stage for HIV, Ebola, pandemic influenza, chikungunya, plague, Lassa fever and antimicrobial-resistant bacterial infections to spread farther and faster.”
“An increased focus on science education and research training could pay enormous dividends that would fuel the continent’s economic engine, while also generating discoveries that improve health.”
“Many of Eurobonds will mature between 2021 and 2025. It will require sub-Saharan African countries to repay an average of just under $4 billion annually in that period. But they are already currently bleeding a rising total of just over $1.5 billion in annual coupon payments on these Eurobonds.”
A hub for information, analysis, and the global response to COVID-19’s impact on Africa