AU President, Cyril Ramaphosa, launched on June 17 a platform for covid-19 supplies. This was during a virtual meeting with the Extraordinary China-Africa Solidarity Summit against COVID-19.
The strategy is aimed at helping countries easily access critically needed medical supplies to combat the coronavirus. Afreximbank and Eximbank of China have been entrusted with the management of this new instrument.
“We have an urgent need for medical supplies, testing equipment and facilities to isolate and quarantine people, laboratories, personal protection equipment and ventilators […] Although the number of infections in Africa is currently lower than elsewhere in the world, there is an expectation that the worst is still to come, with dire social and economic consequences,” Ramaphosa said, speaking about the necessity of such an initiative.
In addition, the African Union also announced the creation of an African COVID-19 Response Fund to raise money for the continent’s response plan against the pandemic.
Latest AU data show 250,000 positive cases of coronavirus across the continent with more than 6,700 deaths.
André Chadrak
BYD to install 200-300 EV chargers in South Africa by 2026 Fast-charging stations powered by grid...
Drones to aid soil health, pest control, and input efficiency High costs, skills gap challenge ac...
Diaspora sent $990M to CEMAC via mobile money in 2023 Europe led transfers; Cameroon dominat...
TotalEnergies, Perenco, and Assala Energy account for over 80% of Gabon’s oil production, estimate...
IMF cuts WAEMU 2025 growth forecast to 5.9% Strong demand, services, and construction support...
Kenya, Uganda approve feasibility study for 200km cross-border highway AfDB-backed project to expand roads, modernize key border posts Aims to boost...
Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and strong yearly dividend payments. The company’s sales...
Uganda forecasts 558,000 tons of coffee for 2025/2026 season Output up 15% as new plantations begin production Higher crop expected to boost exports,...
Mission 300 portal launched to track electrification progress in Africa 32M people connected since 2023; 84 projects across 39 countries $8.5B in...
The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession,...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design....