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
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
Niger, Morocco sign agreements to boost education, vocational training Talks focus on human capital amid high dropout, capacity...
Ethio Telecom, Mastercard discuss expanding cross-border payments partnership Collaboration targets remittances, fintech integration, multi-currency...
Ukraine explores wheat flour production project in Ghana following 2025 cooperation deal; Ghana’s wheat imports surge 56.7% to 1.09 million tonnes in...
Heath Goldfields secures $65 million financing from Trafigura Funding supports Bogoso-Prestea mine after production resumed Deal includes...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...