Coronavirus

HealthScience & Technology

Pandemic treaty deadline nears as disputes over pathogen-sharing rules persist

Disputes over pathogen-sharing rules risk delaying the WHO pandemic treaty ahead of a May 2026 deadline
Three-dimensional renditions of three respiratory viruses: (left: SARS-CoV-2; centre: RSV; right: influenza virus).
EconomyOpinion

Africa needs a grand revival plan from the West and China

Africa's crises have fuelled a surge in migration to Europe unlikely to abate soon unless rapid population growth is matched by improving economic conditions
An overcrowded refugee boat capsizes in the Mediterranean Sea. The current economic and political situation in Africa has already fuelled a sharp rise in migration. Last September (2023), the UN High Commissioner for Refugees reported that more than 2,500 people had died or gone missing while trying to cross the Mediterranean to Europe in the first nine months of 2023, with many more perishing before they reached the coast. During that same period, 130,000 migrants, many departing from Tunisia or Libya, landed in Italy. These numbers will increase sharply if Africa’s population growth is not coupled with improving economic conditions. Worryingly, the International Monetary Fund’s current forecasts suggest GDP growth of around 4 per cent in Sub-Saharan Africa for the next two years – well below long-term trends. The current influx of mass migration to European countries such as Italy, Spain, and Greece may be only the beginning.
EconomyOpinion

Fixes for Africa’s exploding debt and collapsing currencies

Highly indebted African countries face stark trade-offs between servicing expensive debt, supporting growing development needs, and stabilising domestic currencies
Storm clouds gathering over Accra, Ghana. Nineteen African countries, including Ghana and Zambia, are already in debt distress (meaning they are unable to meet financial obligations) or at high risk of debt distress. Ghana’s public debt has more than doubled since 2012 and amounts to 85 per cent of GDP. Zambia’s went up much higher and stood at 98 per cent as of 2022. Both Ghana and Zambia, along with Ethiopia, have defaulted on their foreign debt, sparking fears about a broader sovereign debt crisis on the continent if more countries fall into debt distress.
Politics & Policy

Uganda’s prolonged closure of schools: the impact is deep and uneven

To understand how the prolonged closure of schools affected the lives of adolescents in Uganda we conducted interviews with 36 young people and predominantly from a low socio-economic status
Learners in Port Harcourt, Nigeria
EconomyPolitics & Policy

The World Bank and IMF are using flawed logic in their quest to do away with the informal sector

Recent reports by the World Bank and the IMF claim, wrongly, that informal economies undermine efforts to boost tax income and economic growth
Economy

Central bank keeps rate unchanged, flags volatile economic and financial conditions

The Bank of Uganda kept its key policy rate unchanged to provide more economic stimulus amidst volatile demand, sluggish private sector borrowing, and the effects of coronavirus restrictions to key sectors
Containers at Mombasa Port in Kenya
HealthPolitics & Policy

Covid-19 pandemic reminds us that Africa must invest in human capital

It is human capital that will provide the strongest cushion in future crises, especially those that overwhelm social safety nets
Silhouette of people standing on a hill
Economy

Business recovery from Covid-19 and election uncertainty continues apace

Private sector activity gauge rises for the third straight month in April, jumping to its highest level in 15 months
An industrial storage area
EconomyHealth

India’s Covid crisis is bad news for the world economy

India’s second coronavirus wave has had a devastating impact, with over 300,000 new cases and 3,000 deaths each day
Covid-19 testing centre in India
Markets

Baroda bucks banking sector trend with strong 2020 earnings

The bank kept bad loans and operating expenses in check while posting gains in trading securities
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