Tag: African Union
African Union sanctions for unpaid dues, desert locusts wreaking havoc on agriculture and a promising new deal on State allocation meant to enhance local trade; these are the stories making news in South Sudan. CNBC Africa spoke to analyst, Akol Dok for more.
“We need to think, and fast, about how we can help our African partner in the race against time as it faces the predicted economic disaster in the wake of the global covid-19 pandemic,” writes Franc Bogovic and Engin Eroglu.
Op-Ed: COVID-19 is likely to lead to a vast increase in youth unemployment in Africa, this is how business can mitigate the damage…
Why business has a greater role to play in mitigating conflict with COVID-19
While hosting African Development Bank (AfDB) President Akinwumi Adesina on a courtesy visit at State House on Tuesday, Nigerian President Muhammadu Buhari said the country will support Adesina in his bid to get re-elected as President of the multilateral bank.
Members of the African Union had set July 1 as the day to operationalize the African Free Trade Area Agreement but with COVID-19 pandemic affecting all member countries, this has been pushed back to a yet to be named date though some experts believe the AfCFTA implementation should go ahead. So could this be an opportunity for improved Intra Africa trade? Hippolyte Fofack, Chief Economist Afreximbank joins CNBC Africa for more.
At a Roundtable discussion on Wednesday made up of several African leaders, organised by the New York Forum Institute, Chairman of the United Bank for Africa (UBA) Plc Tony Elumelu stated that the global COVID-19 pandemic presents an opportunity to ‘reset’ the African continent.
In its fight against the spread of COVID-19, our continent faces a massive challenge that requires unprecedented levels of unity and coordinated action. These are the actions the African Union is taking to fight the pandemic.
The fight against COVID-19 must include a climate change strategy that rebuilds stronger, inclusive economies geared for low carbon growth. That’s according to Former Nigerian Finance Minister and MD of the World Bank Dr Ngozi Okonjo-Iweala who was recently appointed to the WHO’s Covid19 special envoy. This follows her appointment to the African Union’s COVID-19 envoy earlier this month. Dr Okonjo Iweala joins CNBC Africa for more.