Source: World Council of Churches (WCC) |

Coronavirus - Africa: Amid COVID-19, African church leaders say availing quality seeds to farmers can help beat food insecurity

Citizens in some of the continent’s countries are facing hunger and serious food shortages after governments implemented stringent anti-COVID-19 measures

As African nations begin opening after months of coronavirus closures, church officials and agricultural experts are stressing an immediate supply of quality seeds to farmers to help tackle a predicted food crisis. Citizens in some of the continent’s countries are facing hunger and serious food shortages after governments implemented stringent anti-COVID-19…

Source: International Labour Organisation (ILO) |

African ministers, social partners join International Labour Organization (ILO) high-level summit on COVID-19 and the World of Work

The pandemic has devastated the world of work, causing massive human suffering and exposing the extreme vulnerability of millions of workers and enterprises on the continent

More than 50 African ministers of labour or employment, along with representatives of workers’ and employers’ organizations and international organizations joined the International Labour Organization (www.ILO.org) Regional Office for Africa on Thursday, 2 July for a virtual forum to discuss how to address the economic and social impact of the…

Source: Food and Agriculture Organization (FAO) |

Coronavirus - Africa: Global food commodity prices rebound in June

Cereal production in Africa in 2020 is projected to increase by 1.0 percent, although declines are expected in northern, western and central regions of the continent

FAO expects new record-high global cereal production and comfortable stock levels for 2020/21, while food assistance needs up In June, global food commodity prices rose for the first time since the beginning of the year driven by a rebound in vegetable oils, sugar and dairy quotations. However, in the cereals…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

In Mozambique, water project boosts yields as farmers grapple with climate extremes

The project provided irrigation kits, constructed boreholes, small dams and water troughs that increased access to water for people and cattle

Felicidade Machava, 60, likes to recount the story about how, one year, she filled a small truck with maize from her harvest.   Machava, is a farmer in Guija district in Mozambique. The country has been experiencing weather volatility in the form of longer and more frequent cyclones and droughts. Extreme…

Source: International Monetary Fund (IMF) |

Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe

The COVID-19 pandemic is expected to cause the economy to contract sharply by 6.5 percent this year

The COVID-19 pandemic is expected to cause a sharp real economic contraction of 6.5 percent in 2020 and raise large health and social needs; Program performance under the Extended Credit Facility (ECF) had a good start, but progress has been hampered by the pandemic and some policy slippages prior to…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Finances Afreximbank with US$200 Million COVID-19 Response Package for the Agriculture Sector in Sub Saharan Africa

Murabaha financing agreement delivers critical support for thousands of farmers exporting food commodities across the continent as COVID-19 impacts global food commodity prices

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a US$200 million syndicated Murabaha financing agreement with the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors. The facility seeks to help African countries address some…

Source: U.S. Agency for International Development (USAID) |

Coronavirus - Africa: Lake Chad Basin - Complex Emergency Fact Sheet

Efforts to contain the spread of coronavirus disease (COVID-19) have negatively affected livelihoods, restricting access to food and other essential goods and services

HIGHLIGHTS 4.6 million people in the Lake Chad Basin may require emergency food assistance through August OAG violence continues to disrupt agricultural production and livelihoods across the Lake Chad Basin Severe weather in late May and June results in displacement and increased needs among populations in Borno Download Report: https://bit.ly/2VmNkXF…

Source: African Development Bank Group (AfDB) |

Ghana Cocoa Board, African Development Bank and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana

Ghana supplies 70% of all cocoa beans imported into Japan and cocoa is seen as one of the nation’s most essential import commodities

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across…

Corporate Council on Africa (CCA)
Source: Corporate Council on Africa (CCA) |

Corporate Council on Africa Leaders Forum – Day Three – Drivers of Growth in Post COVID Africa

Business and government leaders from across the U.S. and Africa tuned in to gain insights on sectors critical to post-COVID economic recovery

On Thursday, June 25, 2020, Corporate Council on Africa (CCA) (www.CorporateCouncilonAfrica.com) hosted day three of its inaugural Leaders Forum – a high level virtual forum that brings together Heads of State, senior USG and African government officials, CEOs and private sector executives, and leaders from multilateral institutions.  Session three, entitled…

Source: United Nations Economic Commission for Africa (ECA) |

Coronavirus - Africa: Renewable energy investments crucial in Africa’s efforts to build back better post COVID-19

Africa, like the rest of the world, has been severely affected by the spread of COVID-19 in the recent months

It is essential for African governments to build back strong from the coronavirus crisis by placing investments in sustainable energy among the central recovery goals, and linking recovery investment to strengthening the foundation of future sustainable development. This was said Wednesday by Economic Commission for Africa (ECA) Executive Secretary, Ms.…