East Africa’s sleeping giant is finally awakening. Right in the middle of the global Coronavirus pandemic, Tanzania has provided a rare piece ... of good news — on 1 July 2020, the country achieved its middle-income vision five years ahead of schedule.
In 1955, James Baldwin wrote in 'Notes of a Native Son' that: "People who shut their eyes to reality simply invite their own destruction." In ... his book, Baldwin described the constant threat of explosion that hangs over the United States. Forty-five years later, America still does not look itself in the face, gnawed from within by a virus far worse than COVID-19: the virus of racism that is destroying the country from within.
Policymakers are no exception, for whom the pandemics' uncontrollable nature has placed them in a difficult situation; the choice between the ... health of the nation and the economy. The impact of the lockdown has affected the supply and demand on a global scale not seen in our lifetime resulting in our first global depression. The effect will inevitably lead to an increase in inequalities and poverty, and the world may record its first increase in poverty since 1998.
When news of COVID-19 reached the non-scientific world, there was panic and surprisingly, hope. Optimists saw this global crisis as an opportunity ... for people to empathize and connect based on our shared humanity. As heartwarming videos of quarantined Europeans singing on balconies went viral, for a brief moment, this idea seemed possible.
The virus causing COVID-19 continues to spread throughout the planet, threatening both millions of lives, and the global economy. Governments, ... multilateral institutions and investors are taking urgent action to respond to the health and economic crises.
Over the course of the past few months, many of Africa’s key markets responded to the growing threat of COVID-19 by adopting stringent lockdown ... conditions. What’s become increasingly clear since then is the economic costs of the crisis are likely to be particularly severe across the sub-Saharan Africa (SSA) region.
COVID-19 has disrupted the global economy with the uprooting of supply chains. The decades-long, single-minded focus on optimising supply chains ... helped the world minimize costs, reduce inventory, and boost asset utilisation.