Morocco: Unrest simmers over economy and COVID-19

“Tempers are rising over COVID-19 and ahead of elections in 2021, while concern grows about King Mohammed VI’s health.”

via Africa Confidential

Zambia: New debt demand as bondholders defer decision

“A local company goes to court to recover $300m from the state power utility as bondholders postpone a vote on the government’s request for debt relief”

via Africa Confidential

Paths out of the pandemic

“Dire predictions of the toll in Africa from COVID-19 were overblown but disinformation is threatening public health initiatives.”

via Africa Confidential

Buhari goes to the market

“The pandemic has forced the government to end subsidies and move towards cost-reflective electricity pricing – and risk the fallout.”

via Africa Confidential

Default hits election plan (Zambia)

“The de facto default on Eurobond payments is getting in the way of a plan by the ruling party to create a slush fund for its next election campaign.”

via Africa Confidential

First the good news…

“As Africa cautiously welcomes the positive news that it looks like it will escape the worst ravages of COVID-19 infections, it is also having to deal with the fallout of several revelations of corruption among officials in their handling of COVID-19 funds.”

via Africa Confidential

Time to re-open

“While retaining measures to protect public health wherever possible, the priority is now shifting to opening up economies again. One major pointer towards a return towards normality is that international flights are restarting. While fraught with possible danger, it marks the point where the era of waiting and seeing what Covid-19 will do ends, and the living with the virus stage commences.”

via Africa Confidential

Time to Re-open

“Africa’s lockdown era is nearing the end as policymakers focus on how to live with COVID-19 rather than defeat it. While retaining measures to protect public health wherever possible, the priority is now shifting to opening up economies again. One major pointer towards a return towards normality is that international flights are restarting. While fraught with possible danger, it marks the point where the era of waiting and seeing what COVID-19 will do ends, and the living with the virus stage commences.”

via Africa Confidential

Governments reject UN report slamming rights abuses during pandemic

“As Winnie Byanyima celebrates her first anniversary as Executive Director of UNAIDS, storm clouds circle her campaigning style… For her opponents, including Uganda’s President Yoweri Museveni, she continues to take the stance of the civil society activist instead of adapting to international protocols.”

via Africa Confidential

A state of disconnect

“African treasuries are putting a positive spin on their own finances, but the message from the markets is grim. Something has to give.”

via Africa Confidential