Mo Ibrahim: Why Africa must emerge more resilient from the COVID-19 crisis

“The COVID-19 pandemic has stressed economies and societies around the world, and in Africa the crisis risks reversing the governance and development successes of the last few decades.”

via Atlantic Council

Mo Ibrahim: Why Africa must emerge more resilient from the COVID-19 crisis

“Ibrahim warned that 2020 has brought not only the COVID-19 crisis to Africa, but also worrying signs about the state of governance on the continent. He reported that his foundation’s latest Ibrahim Index of African Governance report showed a decline in its measures of good governance for the first time in a decade, even alongside optimism about places such as Sudan that are undergoing democratic revivals.”

via Atlantic Council

African agency in the new Cold War: Traditional power competition in the post-COVID-19 African landscape

“Since the end of the Cold War, a handful of powers have been able to exert influence across the African continent: the United States, China, the European Union, and India. The resource-scarce post-COVID environment will accelerate competition between these powers and lead them into intersecting spheres of influence. The United States is set for declining influence on the continent, creating a vacuum for Europe and China to either willingly or begrudgingly fill.”

via Atlantic Council

As COVID-19 spreads, Africa needs another ‘London Moment’

“Last month’s Group of Twenty finance ministers’ meeting proved that the international community is too cautious about helping Africa in its time of need. The ministers failed to extend a debt-service moratorium through 2021, and they offered no other assistance even as COVID-19 spreads across Africa, stretching health care systems and destroying livelihoods.”

via Atlantic Council

Private lenders need to step up on African debt relief

“The impasse between the G-20 and international financiers has bolstered the position of Chinese lenders, who hold an additional $64 billion of disbursed credits in Africa alone, and who also are pursuing painstaking restructuring talks. Taken together, the position of the Chinese and the financiers could make it harder for African governments to respond to the pandemic.”

via Atlantic Council

Pandemic policing: South Africa’s most vulnerable face a sharp increase in police-related brutality

“Since South Africa instituted a country-wide lockdown on March 27, the number of violent incidents by police against civilians has reportedly more than doubled, with poor and vulnerable populations most affected.”

via Atlantic Council

Kenyan President Uhuru Kenyatta says his country needs ‘fiscal space’ amid the COVID-19 crisis

“‘Coronavirus is mainly a health issue, and our key focus is ensuring that we keep our people safe,’ he said. ‘But this is also an economic crisis because it has resulted in some key sectors hugely affected by lockdowns. We were forced to close our airspace, which affected tourism, a very critical part of our economy.'”

via Atlantic Council

Progress on African free trade: An interview with AfCFTA Secretary General Wamkele Mene

“‘The only economic recovery tool that we have collectively as Africans is implementation of this agreement, so that trade becomes the driver of Africa’s recovery.'”

via Atlantic Council

Progress on African free trade: An interview with AfCFTA Secretary General Wamkele Mene

“The African Continental Free Trade Area (AfCFTA) represents the world’s largest free-trade zone. The agreement entered into force in May 2019 and trade was meant to begin on July 1, 2020. Unfortunately, this has been delayed six months due to COVID-19, as forty-two African countries navigate full or partial lockdowns in response.”

via Atlantic Council

Afreximbank president champions African free trade alongside COVID-19 response

“Prof. Oramah opened the discussion with an outline of Afreximbank’s COVID-19 response, underscoring how the Bank’s $3 billion Pandemic Trade Impact Mitigation Facility fits into the organization’s broader aim to create, connect, and deliver growth in trade and industrialization across African markets.”

via Atlantic Council