“Our vision is that this innovative Africa Medical Supplies Platform initiative will help enable African governments to urgently access much needed life-saving supplies. In the process, we all have drawn upon best practices and difficult lessons learned so far across the world.”
Original Analysis: COVID-19 Africa Watch
In response to COVID-19, African central banks have deployed a variety of monetary policy tools, including lowering policy rates, reducing capital requirements, providing various liquidity support measures to the banking sector, allowing loan deferrals and refinancing frameworks for distressed firms, and introducing new support measures mobile money and digital finance.
Malado Kaba, former Minister of Economy and Finance of the Republic of Guinea, speaks to COVID-19 Africa Watch about the potential for digital disruption in government and public service in the wake of the current pandemic.
Malado Kaba, the former Minister of Economy & Finance of Guinea, writes, “I also believe this crisis is an opportunity, a decision point, a key moment for my country and others to strengthen transparency and accountability.”
Milken Institute Chairman Michael Milken discusses the IMF’s response to COVID-19 with Managing Director Kristalina Georgieva.
“We look at mobility data from Google to see how effective four East African countries have been in reducing social interaction in line with the kind of suppression strategies health experts were recommending at the start of the COVID-19 pandemic.”
COVID-19 Africa Watch discusses the launch of the Africa Medical Supplies Platform with Strive Masiyiwa, founder and chairman of Econet Wireless, and African Union Special Envoy for mobilizing the private sector response to the COVID-19 pandemic.
“Despite its global nature, the impacts of COVID-19 are not evenly distributed. The health, economic, social and political effects are hitting women harder across the globe, and across the African continent. It is time then to both understand and respond to this pandemic in a gendered way and to ensure that women lead the recovery efforts from the local to the national level.”
“The lesson of this current pandemic is that innovations are happening around the world. But the resources to fund and to scale innovations are not spread evenly. This must be addressed.”
On 5 June, 2020, the Botswana Stock Exchange held its inaugural virtual opening bell facilitated, becoming one of the few stock exchanges in Africa to do so during this pandemic. This piece examines the BSE’s COVID-19 response and reactions from market stakeholders.