Amidst the suffering and the havoc caused by COVID-19, we witnessed the best of mankind. Former enemies forgot old quarrels and came together for the common good, some sanctions were waived for humanitarian reasons and fighting stopped temporarily.
To pay or not to pay is the question many African countries are grappling with even as they swim in an ocean of foreign debt, amid the global pandemic. African leaders are now calling for debt cancellation to enable them channel their resources to saving lives and salvaging their economies. CNBC Africa spoke to Dr. Andrew Mold, Chief Regional Integration and AfCFTA, Sub-Regional Office for Eastern Africa, UNECA, for more.
Unprecedented times such as these call for rapid decision-making, coupled with innovative and effective solutions that can address continually evolving challenges.
Acutely aware of Ethiopia’s vulnerability to the health and economic repercussions of the COVID-19 pandemic, Prime Minister Abiy Ahmed urged “collective leadership and coordinated responses” to overcome the challenges posed by the unprecedented shock.
The United Nations Economic Commission for Africa predicts that coronavirus will cut 1.4 per cent off Africa’s $2.1 trillion GDP due to widespread disruption of business on the continent and across the world. According to estimates, countries on the continent have so far lost an estimated $29 billion to the coronavirus economic disruption, an amount equal to Uganda’s gross domestic product. Dr Mama Keita, Director of UN Economic Commission for Africa in Eastern Africa joins CNBC Africa for more.
Silencing the guns is a slogan at this year’s AU summit as part of this the continental body held discussions on the role of women in this initiative. CNBC Africa spoke to UNECA's Executive Director, Vera Songwe for more.
Andrew Mold, Officer-in-Charge of the Office for Eastern Africa at the United Nations Economic Commission for Africa (UNECA) is here to help us envisage the region’s economy in the next decade and how initiatives like the African Continental Free Trade Area (AfCFTA) will shape it.
The theme of this year's African Economic Conference focuses on jobs, entrepreneurship and capacity development for African youths. This was jointly organised by African Development Bank (AfDB), United Nations Economic Commission for Africa (UNECA) and United Nations Development Programme (UNDP) in Sharm el-Sheikh, Egypt. Hanan Morsy, Director for Macroeconomic Forecasting and Research at AfDB joins CNBC Africa to discuss the ways to build capacity development for African youths.