Tag: albert zeufack
The World Bank expects COVID-19 to cost Sub-Saharan Africa up to $79 billion in lost output in 2020, plunging the region into its first recession in a quarter of a century. World Bank’s Chief Economist for Africa, Albert Zeufack joins CNBC Africa for more.
The World Bank says Sub-Sahara Africa’s economy has remained sluggish mainly hampered by persistent uncertainty in the global economy and the slow pace of reforms to enhance domestic resilience. The World Bank projects a 2.6 per cent economic growth for the region this year. This is 0.2 per cent lower than its projections in April. From Washington DC to discuss this, Albert Zeufack, Chief Economist for Africa at the World Bank joins CNBC Africa.
World Bank’s CPIA reports indicate stagnancy of development: How is it affecting Africa’s poorest countries?
The World Bank (WB) says Africa's poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018. The average Country Policy and Institutional Assessment (CPIA) score in Africa's 38 International Development Associations (IDA), that is the IDA-eligible countries in 2018 remained unchanged at 3.1 on a scale of zero to six. Albert Zeufack, Chief Economist for Africa at the World Bank joined CNBC Africa's Kenneth Igbomor for more.
Due to the changing nature of work in the wake of the 4th industrial revolution, many jobs have been threatened by the implementation of automation. However, the World Bank Future of Work in Africa report revealed that jobs in Africa will mostly likely not be affected by new technologies. World Bank Chief Economist for Africa, Albert Zeufack joins CNBC Africa for more.