News & Analysis: Angola

Fitch: Sub-Sahara African debt burdens rising faster than elsewhere

“Government debt burdens across sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further rating downgrades and defaults, ratings agency Fitch warned.”

via Reuters

Africa free-trade vision clouded by virus and pace of talks

“AfCFTA was supposed to take operational effect on Wednesday, July 1, but the timeline has slipped, under the complications caused by the COVID-19 outbreak but also the slow pace of negotiations themselves.”

via The East African

The Day After COVID-19: Overcoming the Novel Coronavirus double jeopardy in Central Africa

“Central Africa countries announced various stimulus packages to alleviate the impact of the crisis on the population and on the economy. However, those measures had only redistributive impacts in the very short term, without significant effect on the overall production level.”

via CNBC Africa

Is Africa drowning in COVID-19 debt?

“Our analysis shows that the total debt repayments owed by African countries in 2018 were 1.4 times larger than the budgets that African countries have now put aside to address the effects of COVID19 (which, incidentally, have risen by US$9bn since our last estimate two weeks ago, to US$53bn in total now).”

via Development Reimagined

COVID-19 and the future of work in Africa: How to reduce income loss for formal sector employees

“‘While the scale and reach of the impact on employment will differ among countries and sectors, the main effects will be a drop in earnings (income) and increased underemployment (reduced hours) rather than unemployment.”

via Brookings Institution

Meeting Africa’s urgent liquidity needs while protecting its access to international markets

“A solution to finance Africa’s commercial debt service could free up over $44bn of fiscal space for Africa in 2020, providing immediate liquidity to governments – a much needed immediate bridge to renewed growth for Africa and the global economy.”

via New African Magazine

African COVID-19 Aid Re-Emerges as a Top Chinese Foreign Policy Priority

“China’s once again ramping up its COVID-19 donation diplomacy efforts in Africa. After dialing down their efforts for a couple of weeks, the pace of announcements of new medical team deployments, PPE donations and charitable contributions from Chinese private sector stakeholders have all gone up considerably this week.”

via China-Africa Project

The economic resilience of African countries offers a template for growth in a post-COVID-19 era

“As Africa braces for a head-on collision with coronavirus with the World Bank announcing its first recession in 25 years, the continent can eventually look forward to many post-COVID-19 recovery and growth narratives. Public and private leaders should draw on past experiences to face the economic challenges of COVID-19.”

via Quartz Africa

Coronavirus in Africa: Prison fever

“What are the consequences of the pandemic on the living conditions in African prisons?”

via Prison Insider

COVID-19 in Africa: From Disruption to Opportunities for Sustainable Intra-African Maritime Security Cooperation

“The COVID-19 pandemic presents a rare opportunity for enhanced intra-African cooperation in the history of maritime security in the Gulf of Guinea, and indeed coastal states throughout the African continent.”

via African Leadership Centre