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Africa
The UN's closed-door briefing on the economic impact of COVID-19

According to a confidential briefing given to scores of senior African officials during a virtual meeting organised by the UN earlier this month, the novel coronavirus pandemic is projected to almost halve economic growth in Africa in 2020, generating a loss of some $29 billion. Meanwhile, major lenders to Africa have been asked to waive tens of billions of dollars in interest payments due this year. [...]

Published on 25/03/2020 at 04:30 GMT Reading time 2 minutes

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Finance, Politics

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Afreximbank
African Development Bank
African Union
David Malpass
Economic Commission for Africa
European Investment Bank
International Monetary Fund
Kristalina Georgieva
World Bank

Africa
Okonjo-Iweala's WTO appointment could derail African Covid vaccine rollout

The appointment of its Covid special envoy Ngozi Okonjo-Iweala as head of the WTO has deprived the African Union of a key player in the already complex process of funding the rollout of vaccines in Africa, and the regional organisation is now counting heavily on her former employer, the World Bank.

Subscribers only Finance, Business 11.02.2021

WTO new Director-General Ngozi Okonjo-Iweala.

Spotlight | Africa
Candidates queue up for top IFC job

The imminent departure of the chief executive of the International Finance Corporation, the arm of the World Bank that lends to private businesses, has prompted a flurry of interest across the continent, and several high-profile figures have already thrown their hats into the ring.

Subscribers only Finance, Business 18.08.2020

Philippe Le Houérou (left) at the Aid for Trade Global Review in Geneva, July 2019.

Spotlight | Africa
Covid 19: After Africans harassed in Guangdong, China works hard to mend fences

Ministry of foreign affairs pulled out all the stops to quell diplomatic tensions with African states. Here's how it did it.

Subscribers only Diplomacy 19.05.2020

Dai Bing, the Africa director of the Chinese Ministry of Foreign Affairs in Beijing.

Somalia
Ali Hassan Khaire searches desperately for fresh funds

The Somali prime minister is using the government's catastrophic economic projections and the expected impact of the Covid-19 pandemic to try to obtain additional international aid

Subscribers only Politics 30.04.2020

West Africa
African bankers Thiam, Kaberuka, Onkojo-Iwelea reinvent themselves as debt reduction crusaders

In a response to the Covid-19 pandemic, a small group of financiers are lobbying intensely to get holders of African eurobonds to postpone their redemption dates for two years. The campaign is as advantageous for those waging it, however, as it is for its potential beneficiaries.

Subscribers only Finance, Politics 16.04.2020

Africa, China
Alibaba: the ringmaster of African finance

Applications for the Chinese behemoth's training programme for African entrepreneurs have just closed. For those selected to take part, it's a chance to obtain funding from programme partners 4DX Ventures and AfricInvest, and even to compete for the Africa Netpreneur Prize, set up by Alibaba founder and former CEO Jack Ma.

Subscribers only Finance, Business 01.04.2020

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Afreximbank
African Development Bank
African Union
David Malpass
Economic Commission for Africa
European Investment Bank
International Monetary Fund
Kristalina Georgieva
World Bank

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Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Africa
The UN's closed-door briefing on the economic impact of COVID-19

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Africa
Okonjo-Iweala's WTO appointment could derail African Covid vaccine rollout

Spotlight | Africa
Candidates queue up for top IFC job

Spotlight | Africa
Covid 19: After Africans harassed in Guangdong, China works hard to mend fences

Somalia
Ali Hassan Khaire searches desperately for fresh funds

West Africa
African bankers Thiam, Kaberuka, Onkojo-Iwelea reinvent themselves as debt reduction crusaders

Africa, China
Alibaba: the ringmaster of African finance

Africa
Covid-19: online platform at the ready to boost gold investments

DRC
Coronavirus pandemic thwarts Kinshasa's plans for Banana port

Morocco
Benchaâboun heads coronavirus fund

Africa
Coronavirus puts Africa-France summit in doubt

Africa, United Nations
Songwe under fire

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About Africa Intelligence

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Indigo Publications' websites

Senegal Guns and oil drive Russia's Dakar courtship

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

West African cocoa cartel battles with the traders

Africa in the Russia-Ukraine war

East Africa's hotly contested coffee sector

Africa The UN's closed-door briefing on the economic impact of COVID-19

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Africa Okonjo-Iweala's WTO appointment could derail African Covid vaccine rollout

Spotlight | Africa Candidates queue up for top IFC job

Spotlight | Africa Covid 19: After Africans harassed in Guangdong, China works hard to mend fences

Somalia Ali Hassan Khaire searches desperately for fresh funds

West Africa African bankers Thiam, Kaberuka, Onkojo-Iwelea reinvent themselves as debt reduction crusaders

Africa, China Alibaba: the ringmaster of African finance

Africa Covid-19: online platform at the ready to boost gold investments

DRC Coronavirus pandemic thwarts Kinshasa's plans for Banana port

Morocco Benchaâboun heads coronavirus fund

Africa Coronavirus puts Africa-France summit in doubt

Africa, United Nations Songwe under fire

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Africa
The UN's closed-door briefing on the economic impact of COVID-19

Africa
Okonjo-Iweala's WTO appointment could derail African Covid vaccine rollout

Spotlight | Africa
Candidates queue up for top IFC job

Spotlight | Africa
Covid 19: After Africans harassed in Guangdong, China works hard to mend fences

Somalia
Ali Hassan Khaire searches desperately for fresh funds

West Africa
African bankers Thiam, Kaberuka, Onkojo-Iwelea reinvent themselves as debt reduction crusaders

Africa, China
Alibaba: the ringmaster of African finance

Africa
Covid-19: online platform at the ready to boost gold investments

DRC
Coronavirus pandemic thwarts Kinshasa's plans for Banana port

Morocco
Benchaâboun heads coronavirus fund

Africa
Coronavirus puts Africa-France summit in doubt

Africa, United Nations
Songwe under fire