Egypt: CIB set to benefit from higher credit demand as Fitch raises outlook
“Ratings action from Fitch on Egypt’s Commercial International Bank (CIB) shows that the country’s banking sector is poised for recovery, analysts say.”
Nigeria faces deadly COVID-19 Delta wave as infections jump 150%
Latest Developments Nigeria The Africa Report Article/Blog post by John Schellhase“After weeks of steady decline in the number of confirmed COVID-19 cases, Nigeria is now responding to what authorities are describing as a ‘likely third wave’ of the pandemic, led by the more contagious Delta variant.”
Coronavirus: WHO requests 30 million doses from US for southern Africa
Latest Developments Angola / Zambia The Africa Report Article/Blog post by John Schellhase“The WHO has sent a letter to the White House, asking it to urgently send COVID-19 vaccines to Zambia, Angola, and Zimbabwe.”
Big Pharma failing to share coronavirus vaccine know-how with Africa
Latest Developments The Africa Report Article/Blog post by John Schellhase“Despite numerous pleas for equitable access to COVID-19 vaccines, large laboratories have still not budged, according to NGOs and international institutions.”
Coronavirus explosion in India complicates Africa vaccine roll out
Analysis and Opinion The Africa Report Article/Blog post by Milken Institute staff“The disaster in India has another, more immediate consequence for Africa, as it is the continent’s main vaccine supplier. Its famous Serum Institute of India is the world’s third-largest supplier.”
Nigeria: COVID-19 pushed insurers towards digitalisation
Analysis and Opinion Nigeria The Africa Report Article/Blog post by Milken Institute staff“COVID-19 has slowed the Nigerian government’s plan to have insurers raise their capital, but it is pushing the sluggish sector towards adopting more technology and innovation.”
COVID-19: Are we really in this together?
Analysis and Opinion The Africa Report Op-ed by Milken Institute staff“In March 2021, several wealthy member states of the World Trade Organisation rejected a request by more than 80 developing countries to waive patents for COVID-19 vaccines to increase access for some of the world’s poorest.”
AfDB says COVID-19 is giving East Africa chance to renegotiate debt
Analysis and Opinion Djibouti / Rwanda / Tanzania The Africa Report Article/Blog post by John Schellhase“East Africa was the continent’s most resilient region in 2020 due to less reliance on primary commodities and greater diversification compared with other parts of Africa… The region’s real GDP growth will rebound to 3% in 2021 from 0.7% in 2020, with Djibouti, Tanzania, and Rwanda as the potential top performers.”
West Africa: Airline Asky remains determined to make its mark despite COVID-19
Analysis and Opinion Cote d'Ivoire / Senegal The Africa Report Article/Blog post by Milken Institute staff“Even though the IATA warns that the sector will probably not return to normal until 2024, the company’s management refuses to give up. And, while waiting for possible aid from public authorities and financial development institutions, Asky has sought help from its shareholders.”
Coronavirus: Ngozi, Diop & Tedros unite to break the vaccine deadlock in Africa
Latest Developments The Africa Report Article/Blog post by Milken Institute staff“Africa accounts for only a small share of global vaccinations. According to the WHO Regional Office for Africa, only 2% of the 690 million vaccines administered worldwide have been administered on the African continent.”
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