Connect with us

African News

African Economy To Rebound In 2021 But Damage Done – AfDB

Published

on

Independent Review Panel Clears Adesina Of All Allegations

There seems to be hope after all, as Africa is projected to make an economic rebound next year.

The African Development Bank (AfDB) said on Tuesday, the African continent is expected to partially make a comeback economically in year 2021 from a pandemic-induced economic slump. But says Africa could still lose nearly a quarter of a trillion dollars in economic output in 2020 and 2021.

READ:  32nd AU Summit To Address Forced Displacement In Africa - Faki Mahamat

The global economy has generally been affected by the coronavirus pandemic. The International Monetary Fund made a projection last month that the world’s economies will shrink by 4.9%, compared with a 3.0% contraction earlier predicted in April.

READ:  DRC's Health Ministry Says Ebola Spreads To 2nd Province

Africa has so far largely been spared the rampant infections and heavy death tolls seen in Europe and America. South Africa, has recorded more than 200,000 cases of covid-19 including 3,600 deaths. It is the hardest-hit nation in Africa.

READ:  Zimbabwe's Mugabe: ‘Icon Of Liberation’, Says Mnangagwa

Algeria, Angola, Libya and Nigeria have been put on track to witness the continent’s sharpest declines in economic output.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

African News

Uganda: Sickle Cell Awareness Fundraising Campaign Launched

Published

on

By

Uganda: Sickle Cell Awareness Fundraising Campaign Launched

A sickle cell awareness fundraising campaign has been launched by Uganda’s ministry of health to create awareness about sickle cell disease and to provide free screening services to stakeholders.

The exercise is expected to help give specialized health care, to promote awareness and testing, and to provide tele-medicine services.

READ:  DRC's Health Ministry Says Ebola Spreads To 2nd Province

The campaign is a joint effort with CTI Africa Uganda sickle cell rescue foundation.

A study has shown a prevalence of sickle cell trait at a very high rate of more than thirteen percent.  As a result, health authorities have called for premarital and newborn screening.

READ:  Melania Trump Arrives In Malawi

The ministry’s director-general for health services, Dr. Henry Nwebesa, says the ministry will strengthen partnerships and ensure every sickle cell child is able to live a quality life.

READ:  Lesotho Prime Minister Questioned By Police Over Wife's Murder

Sickle cell is a chronic illness that effects people from childhood and restricts them for participating in many activities that could affect their conditions.

Continue Reading

African News

Ivory Coast President Says New West African Currency Launch May Take Five Years

Published

on

By

Ivory Coast President Says New West African Currency Launch May Take Five Years

The plan to launch a new currency to replace the CFA franc-being used by several French speaking west African countries has been postponed. Ivory coast president Alessane Ouattara, said the coronavirus pandemic has derailed the project to introduce the eco currency this year.

Last December, the eight countries of west Africa’s monetary union decided to sever the financial colonial link with France by switching to a new currency called the Eco, which the union says would be pegged to the European Union’s euro. Other countries that do not use the CFA franc, like Nigeria and Ghana, are also interested in adopting the new regional currency.

READ:  Sudan’s Bashir Steps Down As President

The plan has been affected by the economic fallout of the global COVID-19 pandemic. The Eco launch may not happen for at least five years. The international monetary fund predicts sub-Saharan Africa’s economy will contract by more than 3% this year.

READ:  DRC's Health Ministry Says Ebola Spreads To 2nd Province

Nations in the bloc, former French colonies, like Benin, Mali, Niger and Senegal have agreed to work towards reducing their budget deficits to below 3% of GDP, a measure of the value of their economies.

READ:  Comoros VP Stripped Of Key Duties

Continue Reading

African News

Anti-Nigerian Hashtag Trends In South Africa

Published

on

By

Anti-Nigerian Hashtag Trends In South Africa

South Africa`s internet is buzzing with top trending hashtag on twitter #NigeriansMustGo in a latest sign of growing xenophobia in the country.  Last week, a protest was held outside the Nigerian high commission where locals were asking that South Africans be put first.

READ:  Lesotho Prime Minister Questioned By Police Over Wife's Murder

Demonstrators held a small protest at the Nigerian diplomatic building in Pretoria, under the hashtag #PutSouthAfricansFirst.

During last week’s protest, Nigeria’s high commissioner Bala Kabiru said “we don’t accept the profiling of Nigerians in South Africa.”

Some South Africans accuse immigrants of taking the jobs of locals, and of being involved in crime. Others say most immigrants are law-abiding, and should not be blamed for South Africa’s economic and social problems.

READ:  UN Special Envoy To Burundi Calls For Re-evaluation Of Current Political Crisis

Digital forensic research lab – which is made up of forensic researchers who track conflicts – said last week, it had identified a dismissed lance corporal in the South African National Defence Force (SANDF) running a fake Twitter account used to fuel xenophobia.

READ:  Comoros VP Stripped Of Key Duties

Continue Reading

Trending

Copyright © 2018 African News Network. All Rights Reserved.

%d bloggers like this: