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.
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.
This time last year Africa was celebrating the milestone that free trade on the continent would soon be a reality. Prior to Covid-19, the free trade Africa deal was due to be implemented on the 1st of July. Africa Day this year is, however, less joyful as the continent grapples with the prospect of deep recession and in some parts, depression with the coronavirus health crisis fast muted into an economic and financial one. Joining CNBC Africa to discuss Africa’s prospects in 2020 is Alexander Forbes Chief Economist, Isaah Mhlanga and Head of Strategic Slients, Lesiba Mothata.
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.
South Africa's President Cyril Ramaphosa, in his capacity as AU chair, recently chaired a virtual summit of the continental block in light of developments around COVID-19.
Two weeks ago the African Union appointed a special envoy tasked with attracting social and economic support for Africa’s fight against the coronavirus. One of those appointees was former Rwanda Finance Minister and President of the African Development Bank, Donald Kaberuka, who joins CNBC Africa for an update of what the envoy has been able to achieve.
The Africa Risk Capacity is a specialised Agency of the African Union and they are currently undertaking an urgent exercise to model the potential impact of the coronavirus on Africa to inform and guide member states. This modelling according to the ARC will look into the likely short-term and medium-term effects of the pandemic on the continent as well as how to mitigate these shocks. Mohamed Beavogui, Director General and United Nations Assistant Secretary General, African Risk Capacity joins CNBC Africa for more insight into this.
In 2013, the African Union (AU) embarked on a 50-year blueprint for transforming the continent called Agenda 2063. The fact that the average age of the continent is just 19 years explains the need for the youth to be aware and partake in in the implementation of this ambitious program if it is to succeed. Ndeu Naukushu, CEO of Africa Productivity Specialists and champion of the Agenda 2063 joins CNBC Africa for more.