February 2020

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IMF seeks China loan transparency in Zambia talks
The IMF launched formal negotiations with Zambia for a loan to help service $12bn in external debts on Thursday.Three weeks of virtual talks will revolve around extending a credit facility to Zambia, which became the first African nation to slide into default since the pandemic after missing a coupon payment on a $42.5m Eurobond.In order to consider a sustainable program, the IMF will
Shoshana Kedem • FebFebruary 12^th, 2021
‘Eco warriors’ battle over future of West African currency
The West African CFA franc is being reformed and renamed. Is this a positive step towards a single currency for West Africa or an attempt to hijack it? Will McBain and Charles Dietz report West African states are divided over the future of currency union in the region after the announcement last December by the presidents of Côte d’Ivoire and France of far-reaching reforms to the West African CF
FebFebruary 10^th, 2020

African Youth Climate Hub launches clean tech incubator
The African Youth Climate Hub (AYCH), a Morocco-based climate platform for African youth, has launched an incubator for startups across the continent that provide solutions to climate-related challenges.As Africa faces mounting climate related problems, ranging from desertification to flooding, the incubator is hoping to nurture and grow 10 African startups to take on some of the challenges.
Tom Collins • AprApril 26^th, 2021
Samantha Power to head USAID in boost to Africa projects
US President-elect Joe Biden is to appoint experienced ambassador Samantha Power as head of development agency USAID in a potential boost to its capabilities in Africa. In an expanded role, Power, who served as the US ambassador to the United Nations in the Obama administration from 2013-17, will also sit on the National Security Council, subject to Senate confirmation. "As USAID Adminis
David Thomas • JanJanuary 13^th, 2021

New era of education is within reach
The world is confronting an unprecedented crisis in education. At the height of school closures caused by the Covid-19 pandemic, more than one billion students had to suspend their education. Today, there are still nearly 600m children and young people out of their classrooms.The current emergency is worsening a long-standing learning crisis affecting the world’s lower-income countries where e
NovNovember 18^th, 2020
IMF and World Bank must lend more to Africa’s stricken economies, critics say
Multilateral institutions like the World Bank and the IMF have come under fire from African ministers and economists who say they are failing to step in to cushion the financial blow caused by the global pandemic.Ghana’s minister of finance, Ken Ofori Ata, said at this week’s World Bank and IMF annual meetings that much more needs to be done to help economies cope with falling revenues, rising e
OctOctober 12^th, 2020

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