Soldiers in Mozogo, in the Far North region of Cameroon, have forced civilians to perform local night guard duty to protect against attacks by the armed Islamist group Boko Haram, Human Rights Watch said today.
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...
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...
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...
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.
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.
The International Monetary Fund (IMF) on Wednesday approved $49.1 million loan for Lesotho to respond to COVID-19 economic fallout.
IMF approves $110.4 million in emergency support for Eswatini to respond to COVID-19 economic fallout
The International Monetary Fund (IMF) on Wednesday approved $110.4 million in emergency support for the Kingdom of Eswatini to respond to...
Three IMF economists pen must-read op-ed on corruption and COVID-19, even as African governments receive billions of dollars in loans
Three IMF economists have penned down a must-read op-ed on corruption and COVID-19 as African governments receive billions in loans. The opinion...
The International Monetary Fund (IMF) on Monday approved nearly $4.3 billion loan for South Africa to respond to COVID-19 economic crisis.
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