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Controlling Covid-19 will carry devastating economic cost for developing countries

Many African countries quickly closed their borders and imposed lockdown. This meant that, until the beginning of May, no African country had more than 10,000 people affected, with South Africa, Egypt, Morocco or Algeria being the hardest hit...

By Borja Santos Porras 1 day ago

The dawn of an African financial union

Eight countries in West Africa recently announced their collective decision to adopt an indigenous new currency...

By Hemant G, Issued by Monetary Library 1 day ago

How a post-Covid-19 revival could kickstart Africa's free trade area

The African Continental Free Trade Area was launched two years ago at an African Union (AU) summit in Kigali. It was scheduled to be implemented from 1 July 2020...

By Faizel Ismail 27 May 2020

Slow Covid-19 economic recovery compels African companies to adapt

The World Economic Forum (WEF) reported this week that the pandemic has hit global trade and investment at an "unprecedented speed and scale" and revealed the fragility of the modern supply chain...

By Clement Chinaka 21 May 2020

Steps to inoculate African economies against the impact of coronavirus

The curve of the coronavirus pandemic started to bend upwards in Africa only recently - just as the curve in the 10 most-affected countries around the world was flattening...

By Chuku Chuku 15 May 2020

Moratorium on debt for Africa? Be careful of unintended consequences

Africa is home to 41 of the International Monetary Fund's 59 Low Income Countries. These are more structurally vulnerable to external shocks such as Covid-19...

By Rodrigo Olivares-Caminal 11 May 2020

Vultures, doves and African debt: here's a way out

Once again, African countries are confronting overwhelming debt burdens. According to the most recent World Bank debt statistics, they owe a total of $493.6bn in long term debt to their foreign official and commercial creditors. About one third, $117bn, is in the form of tradeable bonds...

By Danny Bradlow 7 May 2020

Africa Shared Value Leadership eSummit - Economic survival in a post-pandemic world

Companies across Africa have taken rapid and significant steps to initiate community emergency relief efforts in the face of the Covid-19 pandemic...

Issued by Shift Impact Africa 28 Apr 2020

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