“A partnership signed today between IFC and Djibouti-based East Africa Bank (EAB) will help EAB better mitigate financial risks which have been amplified by the COVID-19 pandemic and improve its sustainability.”
“After one year since the first COVID-19 case was officially confirmed in Somalia, on 16 March 2020, the country received part of the 300,000 doses of Oxford-Astra Zeneca vaccines from the COVAX Facility, which will be rolled out in the capital city”
“After a year of disruptions due to the COVID-19 pandemic, with more than 80,700 Ghanaians getting infected with the virus and over 580 lost lives, the path to recovery for the people of Ghana can finally begin.”
“A survey conducted by the Africa Centres for Disease Control and Prevention (Africa CDC), in partnership with the London School of Hygiene & Tropical Medicine (LSHTM) has shown that a predominant majority (79% average) of respondents in Africa would take a COVID-19 vaccine if it were deemed safe and effective.”
“The coronavirus shock continues to pressure Namibia’s revenue generation capacity, a trend exacerbated by Namibia’s weak growth prospects, notwithstanding moderate institutional adjustment capacity and external buffers that backstop creditworthiness.”
“Africa’s customs experts have given their support to the adoption of continental guidelines to facilitate free and timely flow of cross-border trade amid the COVID-19 pandemic ahead of the start of trading under the African Continental Free Trade Area on 1 January 2021.”
“African Health Ministers gathering for the resumed Seventieth session of the World Health Organization Regional Committee for Africa took stock this week of the region’s efforts in combatting the COVID-19 pandemic, with calls to step up vigilance and head off a possible resurgence of infections.”
“As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent by 2021 compared to the pre COVID-19 levels in 2019”
“The financing will help mitigate the adverse impacts of the pandemic on people’s lives and livelihoods by supporting the immediate COVID-19 response and supporting businesses and reforms in view of improved fiscal sustainability.”
“The World Bank’s Board of Executive Directors today approved an envelope of $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens.”
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