“The East African Legislative Assembly is now worried that the 2021/22 financial year budget tabled in the House is far below what is needed to accomplish the Community’s agenda and may impact DRC’s entry into the bloc.”
“The Infrastructure gap in emerging economies is projected to reach about $520 billion annually over the next 20 years. It is now more than ever important to invest in sustainable, quality infrastructure which will close access gaps and improves economic and social outcomes.”
“As the world continues to grapple with the impact of the COVID-19 pandemic, the value chains across the oil and gas industry have not been left out, as Nigeria suffered a 60.5 per cent decline in crude oil exports in the second quarter.”
“South African state companies have requested billions of rand in funding from the government to help them weather the impact of the coronavirus crisis. The South African Post Office requested 4.9 billion rand (US$292.87 million) in support, broadcaster SABC was seeking 1.5 billion rand and airports company ACSA applied for an equity injection of 3.5 billion rand because of the impact of COVID-19.”
“Central Africa countries announced various stimulus packages to alleviate the impact of the crisis on the population and on the economy. However, those measures had only redistributive impacts in the very short term, without significant effect on the overall production level.”
“As the COVID-19 crisis has laid bare, robust social protection policies and programmes are essential to meet basic needs during periods of unemployment, re-training or education. A just transition means diversifying local economies, generating new industries, new services and building new essential skills across the workforce and adaptive capacity across communities to ensure they are resilient and benefit from a new climate economy.”
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