Africa needs urgent investment in coronavirus treatments

“Investment in equitable access to COVID-19 vaccines, treatments and tests should not be seen by wealthy nations as a charitable donation, but rather an essential investment to ensure that everyone is protected. To provide treatments around the world we need $7.2bn. So far, only $300m has been pledged “

via African Business Magazine

IMF special drawing rights offer Africa a lifeline

“African economies, hit simultaneously by COVID-19 and low commodity prices, are facing a deadly liquidity crisis as governments desperately try to shore up crumbling economies. But there is a neat solution to their problems – IMF Special Drawing Rights.”

via African Business Magazine

UN World Food Programme wins Nobel Peace Prize

“The 2020 Nobel Peace Prize has been awarded to the United Nations World Food Programme for ‘for its efforts to combat hunger, for its contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict.'”

via African Business Magazine

Admassu Tadesse: African economies must redouble efforts to diversify in wake of COVID-19

“The Trade and Development Bank was named African Bank of the Year at this year’s African Banker Awards. CEO Admassu Tadesse talks to Tom Minney about the impact of COVID-19 on Africa’s economy and the bank’s plans for the future.”

via African Business Magazine

Harsh reality forces change to South Africa’s IMF stance

“A stubbornly weak economy and the fallout from the pandemic has forced the South African government to break one of its cardinal rules and go to the IMF for a loan. But is this just papering over the cracks?”

via African Business Magazine

Africa CDC launches harmonised travel regime but testing concerns remain

“The African Union and the Africa Centres for Disease Control have launched a new initiative to harmonise travel restrictions across the continent but consensus around when passengers should take tests remains elusive.”

via African Business Magazine

Will Magufuli’s COVID-19 gamble pay off?

“With an economy that continues to grow, Tanzania’s unconventional approach to COVID-19 appears to be paying off, but the long-term effects of the virus are hard to predict.”

via African Business Magazine

Africa’s agricultural sector faces up to COVID-19 crisis

“African farmers have begun to experiment with apps and new technologies. Meanwhile, policymakers and relief organisations are refocusing on food production and provision. Pioneering policymakers are prioritising food security and shifting to clean energy sources, such as hydroelectric and solar.”

via African Business Magazine

Lessons for agriculture from COVID-19: local is best

“While the private sector will have to lead the way with innovation, imagination and investment in the post-COVID-19 world, government will have to provide leadership by paving the way for the local food industry to thrive.”

via African Business Magazine

Post COVID-19: Rebuilding Africa and strengthening its resilience against future economic shocks

“To counter the fallout of the coronavirus pandemic, Africa needs robust policy responses from every country on the continent, paired with strong support from Africa’s development partners.”

via African Business Magazine