Nigeria Bets on Solar to Power its COVID-19 Recovery

“With Solar Power Naija, the government is aiming to fix the development problems that a lack of access to electricity has created, as well as the pollution that fuel-powered generators, one of the most popular power sources, cause.”

via Bloomberg

How Africa Can Save the World From a Never-Ending Pandemic

“As long as the pandemic continues to rage among un-vaccinated populations, spawning new, more virulent, vaccine-resistant strains, no one is safe.”

via Bloomberg

Zimbabwe to Buy 1.8 Million Sinopharm Vaccines, President Says

“Zimbabwe’s President Emmerson Mnangagwa said the country will buy 1.8 million vaccines from China’s Sinopharm Group Co. ‘Procurement plans for other vaccines from India and Russia are also advanced,’ he said.”

via Bloomberg

Nigeria Vaccination Plan Seen as Unfeasible by Critics

“Nigeria wants to vaccinate as much as 40% of its population against the coronavirus in 2021, a government official said, in a plan that was described as unfeasible by a state governor and analysts.”

via Bloomberg

Zambia Nears Default With Bondholders Set to Refuse Relief

“A key bondholder group is set to reject Zambia’s request for an interest-payment holiday, putting the country on course to become the first African sovereign defaulter since the onset of the coronavirus pandemic.”

via Bloomberg

Algerian President Tests Positive for Coronavirus in Germany

“Algerian President Abdelmadjid Tebboune has tested positive for the coronavirus and is responding well to treatment in a German hospital, his office said. Tebboune’s health ‘is gradually improving,’ state new service APS said, citing a statement from the presidency.”

via Bloomberg

Egypt Warns of Repercussions of Ignoring Virus Safety Measures

“Egypt’s government may be forced to take ‘difficult decisions’ if people continue to ignore safety measures aimed at stemming the spread of the coronavirus, Prime Minister Mostafa Madbouly said.”

via Bloomberg

Protectionism in Africa Raises Concern Over Continent’s Free Trade Deal

“Protectionism remains the name of the game for West Africa’s economic powerhouses, whose governments are preoccupied with overcoming the devastation wrought by the coronavirus.”

via Bloomberg

Nigeria Stocks Jump in World-Beating Rally as Traders Hunt Yield

“Nigerian stocks surged by the most in more than five years, extending their rally to a 12th day, as meager local interest rates sent traders on a hunt for yields.”

via Bloomberg

Senegal to Expand Health System After COVID-19 Exposes Needs

“Senegal will recruit 1,500 additional health workers and raise 500 billion CFA francs ($893 million) to modernize hospitals and build new facilities.”

via Bloomberg