Paris Club of international creditors accept Kenya debt relief request

“The Paris Club of international creditors said on Monday it had accepted a request from Kenya for a debt-servicing suspension from January to the end of June.”

via Reuters

Algerian president returns to Germany to be treated for COVID-19 complications

“Algerian President Abdelmadjid Tebboune flew back to Germany on Sunday for treatment in hospital for complications in his foot resulting from a coronavirus infection, the presidency said. Tebboune, 75, had returned home two weeks ago from Germany after two months of treatment for COVID-19.”

via Reuters

Morocco approves AstraZeneca/Oxford COVID-19 vaccine

“Morocco’s health ministry on Wednesday approved the COVID-19 vaccine developed by AstraZeneca and Oxford University for emergency use, Health Minister Khalid Ait Taleb said. Morocco had announced it plans to launch a free vaccination campaign targeting 25 million people, or 80% of its population.”

via Reuters

World Bank sees more countries in ‘deep debt distress’ this year

“Chad and several other countries are already in deep debt distress and more will join their ranks this year, given the severity of the global recession triggered by the COVID-19 pandemic, World Bank Group President David Malpass said.”

via Reuters

Kenyan parliament ends COVID-19 tax relief

“Kenya’s parliament on Tuesday voted to end tax cuts put in place in April to cushion the economy from the impact of the COVID-19 pandemic, a move lawmakers said would help to plug revenue shortfalls but investors said would hamper a recovery.”

via Reuters

COVAX risks failure, leaving poor countries with no COVID-19 shots until 2024

“The global scheme to deliver COVID-19 vaccines to poorer countries faces a ‘very high’ risk of failure, potentially leaving nations home to billions of people with no access to vaccines until as late as 2024, internal documents say.”

via Reuters

COVID-19 drives 40% spike in number of people needing humanitarian aid

“The COVID-19 pandemic has fueled a 40% increase in the number of people needing humanitarian assistance around the globe, the United Nations said… as it appealed for roughly $35 billion to help many of those expected to be in need next year.”

via Reuters

South Africa’s business confidence improves in fourth quarter as lockdowns ease

“The Rand Merchant Bank business confidence index, compiled by the Bureau for Economic Research, jumped to 40 points in the fourth quarter from 24 points in the third quarter.”

via Reuters

As new debt crisis looms, Africa needs more than world is offering

“African countries face another debt crisis and will need more long-term help than the latest G20 debt plan offers them to ward off trouble ahead and keep much-needed investments coming in, according to policymakers, analysts and investors.”

via Reuters

In reversal, Kenya plans to defer $690 million in debt payments under G20 initiative

“Kenya has changed its mind about a G20 coronavirus debt relief initiative it declined to join earlier this year, and is now planning to defer around $690 million in debt payments, its finance minister told Reuters on Wednesday.”

via Reuters