Africa

Charles Lufumpa: How African countries can respond to COVID-19, reopen economies and accelerate recovery

Charles Lufumpa, the African Development Bank’s Acting Chief Economist and Vice President for Economic Governance and Knowledge Management speaks on the recent release of the African Economic Outlook 2020 Supplement. He shares policy recommendations to cushion...

African Development Bank forecasts economic turmoil for Africa in 2020 amid COVID-19

The African Development Bank on Tuesday forecast an economic turmoil for Africa in 2020 amid COVID-19 pandemic with real GDP expected to shrink by 1.7 percent under the baseline scenario and 3.4 percent in the worst-case...

The Day after COVID-19: Overcoming the novel coronavirus double jeopardy in Central Africa – Perspectives by Antonio Pedro

This was not a bad dream: It happened. This was not Steven Soderbergh 2011 movie “Contagion” or any sci-fi movie where a rogue character unleashes a biological warfare for profit maximization. It was not a bad...

ACET, IMF To hold webinar on Africa’s post-COVID-19 recovery and growth

The African Center for Economic Transformation (ACET) will host International Monetary Fund (IMF) African Department Director Abebe Aemro Selassie at a webinar on Tuesday, July 7 to discuss policy actions for Africa’s economic rebound in the...

Full transcript of the press briefing on the regional economic outlook update for Sub-Saharan Africa

Abebe Aemro Selassie, Director, African Department and Gediminas Vilkas, Senior Communications Officer, Communications Department MR. VILKAS: Thank you for joining us virtually for this press briefing. My name is Gediminas Vilkas, I'm with IMF...

Remittances to fall by $100 billion in 2020 amid COVID-19 pandemic, drying up vital source of income for Africa

COVID-19 is crippling the economies of rich and poor countries alike. Yet for many low-income and fragile states, the economic shock will be magnified by the loss of remittances. In a new article for F&D, the IMF's Antoinette Sayeh...

IMF forecasts economic turmoil for Sub-Saharan Africa in 2020 amid COVID-19 pandemic

Sub-Saharan Africa’s economy is now expected to contract by 3.2 percent in 2020 amid COVID-19 pandemic; double the contraction expected in April, the International Monetary Fund (IMF) said on Monday in its latest regional economic outlook.

Full text: Xi Jinping’s speech at Extraordinary China-Africa Summit on Solidarity against COVID-19

Chinese President Xi Jinping on Wednesday June 17, 2020 delivered a speech at the Extraordinary China-Africa Summit on Solidarity against COVID-19 via video conference. Speaking from Beijing Mr. Xi...

Global coronavirus death toll surpasses 500,000 as pandemic accelerates in Africa, United States, Brazil, Russia and India

More than a half-million people have now died from COVID-19 worldwide from over 10 million infections, and the death toll has doubled over the past seven weeks, according to the latest tally by Johns Hopkins University.

European Union donates EUR 10 million to Africa CDC to beat COVID-19

The European Union (EU) has donated EUR 10 million for Africa to respond to COVID-19 pandemic, Ambassador Ranieri Sabatucci, Head of the EU Delegation to the African Union, and Dr John Nkengasong, Director of the Africa...

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Over 1000 participants from more than 100 countries meet to discuss sustainable development amid COVID-19

Facing the devastating impacts of COVID-19, which is threatening decades of progress in improving people’s lives,...

Additional 49 million Africans could be pushed into extreme poverty and continent could lose up to $189 billion of GDP in 2020 amid COVID-19...

The African Development Bank on Tuesday projected that an additional 49 million Africans could be pushed into extreme poverty as the...

African Development Bank projects tripled incomes of rural producers and traders in Tanzania

An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results,...

Africa’s chance at World Trade Organization and the Ngozi Okonjo-Iweala candidacy – Perspectives by Yushau A. Shuaib

With quite a reputation behind her, Dr. Ngozi Okonjo-Iweala appears to mean different things to different people across the spaces she...

Over 1000 participants from more than 100 countries meet to discuss sustainable development amid COVID-19

Facing the devastating impacts of COVID-19, which is threatening decades of progress in improving people’s lives, countries are meeting at the...

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