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
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
ECOWAS launched the second phase of PAMCIT to expand training in translation and conference inte...
Sound Energy advances steps to obtain helium and natural hydrogen permits Technical studies completed but no exploration authorization granted...
New 10% royalty to apply from 2026 when gold hits $2,501 an ounce Move mirrors recent fiscal adjustments in Mali and Burkina...
IFC to provide strategic advisory support to help MOPO enter new markets MOPO relies on a pay-as-you-go solar battery rental model across six...
Environmental study confirms a 2026 start for the first 500 MW phase Project includes 1000 MW of solar capacity and 200 MWh of storage Egypt...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...