Big oil-producing countries have faced a double-hit in recent months: the sudden drop in prices of oil and the economic impact of the global ... pandemic. In the case of Angola, which entered both crises with an already weakened economy, how are its prospects looking? The Africa Report speaks to Sergio Pugliese, the Executive President for the African Energy Chamber (AEC), to find out.
On 20 May, the French Council of Ministers passed a bill modifying its monetary agreement with the eight member states of the West African Economic ... and Monetary Union (UEMOA), following the unexpected CFA franc reform announced this past December.
The campaign for a vaccine against the cororonavirus to be recognised as a global public good – patent-free, produced at scale and internationally ... available – is making headway. But progress is complicated by geopolitical rivalries between China and the United States as well as business interests.
Decision-making at the early stages of the SARS-CoV-2 pandemic (the coronavirus causing COVID-19) was constrained by a paucity of medical evidence ... and epidemiological data. Knowledge gained over the past two months can therefore inform the next phase of the strategy.
Corporate governance rather than capital strength is the main challenge facing Nigerian regulators and banks grappling with lending exposure ... to the country’s oil producers. In the second story of our series, we look at the impact of COVID-19 on Nigeria's economy as it considers the outlook for banks who have lent to oil producers.
The Nigerian Medical Association (NMA) is the largest medical association in West Africa, with over 40,000 members in the 36 states and the Federal ... Capital Territory, and about 19,000 members in the diaspora. The Africa Report speaks to its president about Nigeria's handling of the pandemic and what needs to be improved now and beyond.
It took 26 years of Félicien Kabuga, the man suspected of financially backing the Tutsi genocide, evading law enforcement all over the world, ... before he was finally arrested on the outskirts of Paris last week.
West African governments are responding to Coronavirus (COVID-19) by closing borders, banning foreign travellers, closing schools and implementing ... curfews to stop the spread of the virus. Many economic sectors in West Africa such as tourism, transport and entertainment, have slowed to a near standstill, putting millions of jobs at risk.
The fragility of the reserves being used to support the naira and it's revalued rate shows that Nigeria needs to find new ways of earning foreign ... currency. In the first story of our series on the impact of COVID-19 on Nigeria, we look how its economy considers strategies to reduce the naira’s dependence on volatile oil prices.