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African Economic Conference: Experts confident of finding solutions to COVID-19 pandemic

eskinder.tsegaye — Thu, 10 Dec 2020 23:59:19 +0000

The 2020 African Economic Conference ended on an upbeat note on Thursday as the continent’s leading researchers, economists and other experts called for a united approach to beating the COVID-19 pandemic.

The meeting called on the private sector to take up the opportunity to fill the gap to direct investments to meet the critical needs of the continent.

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Calls for African Governments to intensify efforts to build resilience and protect livelihoods

eskinder.tsegaye — Thu, 10 Dec 2020 23:36:06 +0000

Addis Ababa, December 09, 2020 - Governments have been urged to intensify efforts to build resilience in businesses and people as they shift to a new normal that includes safe co-existence with COVID-19. Specifically, measures are needed to protect jobs, incomes and livelihoods as well as expanding social protection to mitigate the impact of the pandemic as countries reopen and revive their economies.

Langue Anglais

How AfCFTA can help solar power penetration in Africa

eskinder.tsegaye — Thu, 10 Dec 2020 23:07:10 +0000

Addis Ababa, Ethiopia, December 10, 2020 - Only about 43% of Africa’s population has access to electricity, a number that is half the global access rate of 87%. This is according to the 2019 World Bank World Development Indicators; Demographic and Health Surveys; Multiple Indicator Cluster Surveys; National Surveys. Africa needs to catch up with the rest of the world, but with a growing population which is projected to double to nearly 2,4-billion by 2050, access to electricity is a critical challenge that needs to be urgently addressed.

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Experts push for strong public-private partnerships to build resilient post-COVID-19 economies

eskinder.tsegaye — Thu, 10 Dec 2020 22:51:23 +0000

Addis Ababa, Ethiopia, December 10, 2020 - Experts have called for strong collaboration between the public and private sectors in Africa to strengthen economies in the post-COVID-19 period. They believe this will help recover quickly from the pandemic and withstand similar future shocks.

They were speaking during the session titled, “Building resilient economies post-COVID-19: The role of institutions, private sector, and development partners (AfDB)”, on the sidelines of the African Economic Conference (AEC) 2020 virtual event.

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African countries must be transparent and accountable in managing sovereign debt

eskinder.tsegaye — Thu, 10 Dec 2020 22:39:14 +0000

Addis Ababa, Ethiopia, December 10, 2020 - African countries must be more transparent and accountable when managing sovereign debt amid rising concerns of impending debt distress engulfing the continent. Experts issued the warning on Thursday during a special session on the final day of this year’s African Economic Conference (AEC).

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Experts urged to ensure recovery policies are inclusive

eskinder.tsegaye — Thu, 10 Dec 2020 22:13:06 +0000

Addis Ababa, Ethiopia, December 9, 2020 - African governments have been cautioned to ensure recovery policies are inclusive and address the existing gender inequalities to mitigate the adverse impact of the COVID-19 pandemic on the most vulnerable in society. This was the main message from panellists who gathered virtually on the second day of the 2020 African Economic Conference.

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Africa is more prepared to fight new COVID-19 wave

eskinder.tsegaye — Thu, 10 Dec 2020 00:15:39 +0000

Addis Ababa, Ethiopia, 8 December 2020 - Africa is better prepared to deal with a second wave of COVID-19 after stakeholders put measures in place to counter the initial pandemic’s adverse health effects. This is according to a panel of experts who took part in a special event on the second day of the 2020 virtual Africa Economic Conference, with the theme, “Africa beyond COVID-19: Acceleration towards inclusive and sustainable development.”

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Data, platforms and analytics helping Africa combat COVID-19, says ECA’s Chinganya

Minilik.Demissie — Wed, 09 Dec 2020 17:35:10 +0000

Addis Ababa, Ethiopia, December 9, 2020 (ECA) – The Economic Commission for Africa (ECA) and the Global Partnership for Sustainable Development Data (GPSDD) on Wednesday hosted a virtual webinar showcasing the power of data partnerships in combating the ongoing novel coronavirus pandemic in Africa.

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Mauritius holds a meeting to review its National AfCFTA Response strategy

Minilik.Demissie — Wed, 09 Dec 2020 14:17:04 +0000

Addis Ababa, 9 December 2020 (ECA) -- The government of Mauritius, with technical assistance from the UN Economic Commission for Africa (ECA) and financial support from the European Union (EU), is holding a one-day meeting in Port Louis, Mauritius. The main purpose of the event is to review the Mauritius National Response Strategy, which is being developed to help Mauritius take advantage of the African Continental Free Trade Area (AfCFTA) agreement.

Langue Anglais

Planners, others welcome ECA’s push for development corridors in Central Africa

sroca.editor — Wed, 09 Dec 2020 13:24:49 +0000

Yaounde, 9 December 2020 (ECA) – Transforming Central Africa’s transport corridors into all-encompassing development corridors is crucial for moving to the region’s next development and integration frontier, especially at the dawn of free trade in Africa but it is a more complex proposition which needs continuing engagement with State and non-state parties.

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