IMF: COVID hampers Sub-Saharan Africa’s economic recovery

IMF: COVID hampers Sub-Saharan Africa’s economic recovery

There are at least 32 million more people living in extreme poverty across sub-Saharan Africa because of the COVID-19 pandemic, and countries in the region will need about $425 billion in additional external funding over the next five years, the IMF said on Thursday. “The outlook for sub‑Saharan Africa is…

World Bank warns of COVID impacts on global poverty

The COVID-19 pandemic is expected to push as many as 150 million more people into extreme poverty by 2021, the World Bank says, marking the first time in 20 years that the number of those in such poverty will rise. The pandemic “compounds the forces of conflict and climate change”…

WHO warns of COVID case rise across sub-Saharan Africa

The World Health Organization has issued a clear warning about the acceleration of coronavirus cases on the African continent, noting that many countries are seeing a rise in positive COVID cases that exceeds the percentage that has commanded so much attention in South Africa. “It’s not accelerating any faster than…

Global Hunger Index finds C.A.R. at highest risk

The Central African Republic has, for the second year in a row, topped the list of nations whose people suffer from hunger – and did so with a Global Hunger Index (GHI) score that makes it the only country in the world where hunger is rated as extremely alarming. The…

Africa relies on remittances but fees remain high

When it comes to the critical role of remittances, it’s hard to overstate the impact in African nations and the trend only continues to grow. For Gambians, such remittances – money sent home to families from loved ones working abroad – accounted for 15.1 percent of GDP in 2018. That’s…

UN’s Guterres presses for climate funding in Africa

United Nations Secretary General António Guterres says the African continent needs a “quantum leap” in climate change and development funding – especially so because we are not, Guterres said, winning the battle against climate change impacts. “The African continent practically does not contribute to climate change, but the African continent…