News & Analysis: Mozambique

Virgin Atlantic and Virgin Unite fly crucial medical supplies into Africa

“Virgin Group, Virgin Atlantic, and Virgin Unite – the Virgin Group’s not-for-profit Foundation – are supporting UNICEF and the World Food Programme-led Global Common Supply Chain Services Provision by donating a special cargo flight from Hong Kong to Johannesburg, delivering essential PPE equipment for frontline health workers into Eswatini and Mozambique”

via Virgin Atlantic

The pandemic has shifted patterns of conflict in Africa

“In Africa, it was hoped that movement restrictions and fear of infection might halt fighting, creating space for dialogue in even the most intractable conflicts. Yet… tracking activity over the past 10 weeks, ACLED found that conflict rates held steady across the continent, but patterns of violence have shifted as armed groups and governments take advantage of the pandemic to make moves on political priorities.”

via Mail & Guardian

COVID-19 could upend several African countries’ plans to fuel economic growth with oil and gas

“When coronavirus forced the world into lockdown, it punched a hole in global oil demand and sent prices crashing to historic lows. The result was an overnight fiscal catastrophe for oil-dependent African economies like Nigeria that were accustomed to building their budgets on oil prices double what they are now.”

via Quartz 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 in Africa: Challenges and Responses to Violent Insurgency in Northeast Mozambique

“The interconnected nature of the public health crisis, economic interests and violent extremism has had searing effects on the population of Cabo Delgado. Paying attention to the colonial and historical trajectories that have caused and shaped the disconnect between central government and Cabo Delgado remains critical in the search for lasting solutions.”

via African Leadership Centre

Post-coronavirus: More sorrow for Africa’s new oil and gas producers

“For new producers in the pandemic era, some licensing rounds are likely to be cancelled, and production is being pushed back once more. Debt is becoming an even greater issue. Yet some investors—like Total in Uganda—still show signs of interest.”

via The Africa Report

Informal traders: a balancing act of survival

“Since COVID-19, small-scale traders have started to aggregate their goods, and pay a bundle of fees to truck drivers for transportation and clearance. For this reason, prices of key staples such as rice, tomatoes and peppers, have jumped about 50% in local border towns in Ghana.”

via African Business Magazine

Sovereign Defaults Set to Hit Record in 2020

“Fitch rates five sovereigns at ‘CCC’ or below (excluding those in default): Gabon, Mozambique, Republic of Congo and Suriname at ‘CCC’ and Zambia at ‘CC’. The average annual default rate over 1995-2019 for ‘CCC/CC/C’ sovereigns was 26.5% and the cumulative five-year default rate was 38.5%.”

via Fitch Ratings

Coronavirus in Africa: Prison fever

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

via Prison Insider

Macro Notes: BoP Shocks in Sub-Saharan Africa

“External deficits will likely persist despite significantly weaker domestic demand and import compression. Although SSA countries export a diverse range of commodities, prices for most major exports have fallen in recent months.”

via IIF