Public Management

African Development Fund approves COVID-19 Response grants for six Southern African countries and São Tomé & Príncipe

African Development Fund approves COVID-19 Response grants for six Southern African countries and São Tomé & Príncipe
Thursday, 25 June 2020 21:38

The Board of Directors of the African Development Fund on Tuesday approved nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community (SADC) countries. Separately, the Board approved $683,000 in grants to São Tomé & Príncipe, to support the two-island nation’s response to the pandemic and its impacts. The grant funding comes under the Bank’s COVID-19 Response Facility.

The funds will facilitate the procurement of laboratory and medical supplies, including testing kits, personal protective gear and non-invasive ventilators in Lesotho, Malawi, Madagascar, Mozambique, Zambia and Zimbabwe, all SADC nations. The SADC Secretariat is the recipient and the implementing agency of the grant.

The financing will reinforce the SADC ’s capacity to coordinate pandemic response measures, including surveillance and sensitization in the six beneficiary countries.

The SADC countries and São Tomé & Príncipe have inadequate resources and capacity to effectively manage the COVID-19 pandemic, which has put a strain on already fragile health systems in the countries. “As a result, these countries are now struggling to respond effectively to the fast-evolving situation posed by the COVID-19 pandemic,” the Bank noted.

Although the spread of COVID-19 has been slow in Africa, it continuous to steadily spread through the continent, leaving in its wake disruptions and hardship caused by economic lockdowns.

The pandemic is projected to have a substantial economic impact on the SADC member countries. For instance, real GDP in all the SADC countries, except Zimbabwe, is forecast to contract in 2020.

The approved project aligns with two of the Bank’s High Five priority areas: improving the quality of life for the people of Africa and integrating Africa, as well as the SADC Disaster Preparedness and Response Mechanism to fight disasters and pandemics.

The 16-nation SADC region had recorded around 120,000 COVID-19 cases out of a continent-wide total of 325,000 cases as of 24 June 2020. Reported cases in São Tomé and Príncipe stood at about 700, in a population of around 211,000 people.

logo BAD

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Mobile microloans reach 897,021 in CEMAC, totaling CFA14.45 billion Growth driven by mobile money expansion, fintech partnerships, automated...
Letshego Africa Holdings, a Botswana-based financial services group listed on the Botswana Stock Exchange, signed agreements with Axian Digital...
First RMBS listing on BRVM backed by NSIA Banque Côte d’Ivoire CFA10 billion securitization aims to expand housing finance Move seeks to deepen...
Holmarcom to acquire BNP Paribas 67% stake in BMCI Deal pending approvals, expected to close Q4 2026 Move strengthens Holmarcom...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...

Weekly Health Update | Africa Steps Up Pandemic Preparedness as Health Sovereignty Takes Center Stage
05

Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...

Chinese Automaker Jetour to assemble SUVs in South Africa from 2027
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.