COVID-19 exposes need for new direction in Nigerian economy

“Nigeria’s oil dependence has come back to haunt it once again, as the government battles to manage a severe contraction of revenues and foreign currency in the wake of plummeting oil prices brought on by the COVID-19 global crisis.”

via New African Magazine

Applying COVID-19 learnings to Nigeria’s security threats

“Nigeria, which was already dealing with the insurgency of Boko Haram and ISIS-West Africa, was forced to both slow down a pandemic and provide treatment to the sick while terrorist groups continue to undermine its control of swaths of the country.”

via New African Magazine

Africa’s ‘smart reopening’ through technology is urgent for AfCFTA

“A spike in COVID-19 infections as Africa reopens its borders poses a major threat to AfCFTA trading. At this crucial moment it is essential for member states to act in coordination and employ the smart solutions developed by the African Union and its private sector partners.”

via New African Magazine

Cameroon’s multi-pronged strategy to beat COVID-19-induced slump

“In order to counter the downturn, Yaoundé has announced plans to get the economy back on its feet: both in the short term through financial support for businesses, and longer term by strengthening trade with the rest of the world.”

via New African Magazine

Rwanda’s rapid response stalls march of coronavirus

“Rwanda has so far reported only two deaths from coronavirus. It was the first African country to impose a ban on all commercial air traffic, from 19 March, making it among the earliest in the world to do so.”

via New African Magazine

Coping with COVID-19: Can Africa fight off the virus?

“Africa has so far escaped the worst from COVID-19. Are we being lulled into a false sense of security or has the continent dealt with the threat better than others?”

via New African Magazine

Coronavirus: Egypt’s flexible approach seems to be winning

“Currently, Egypt comes second in Africa, after South Africa, in terms of the numbers of people infected with COVID-19. However, its experience in combating the outbreak of the virus may later turn into a model for many neighbouring countries which are similar in terms of population structure and medical system capacities.

via New African Magazine

Meeting Africa’s urgent liquidity needs while protecting its access to international markets

“A solution to finance Africa’s commercial debt service could free up over $44bn of fiscal space for Africa in 2020, providing immediate liquidity to governments – a much needed immediate bridge to renewed growth for Africa and the global economy.”

via New African Magazine

Yes, I insist that China must pay Africa damages for COVID-19

“I must repeat that Africa deserves to be paid compensation for the damages the COVID-19 pandemic is inflicting on lives and livelihoods.”

via New African Magazine

The COVID-19 Crisis: Lessons for a new world order

“COVID-19, with its human devastation and other dramatic implications, will long mark the world and every human conscience. The crisis it has engendered has paralysed the world, which has become, in the words of German sociologist Ulrich Beck, a ‘world of risk.'”

via New African Magazine