Africa appears to have narrowly escaped the level of devastation that COVID19 is wrecking in the global north with China as its entry. As if the virus followed the global supply chain to destroy it. The global supply chain links China to the global north before connecting to Africa...
Among the many inequalities revealed by the COVID-19 pandemic, one of the most striking is the dramatic divergence in governments’ fiscal responses. Economic activity has collapsed worldwide as a result of lockdown measures to contain the coronavirus. But while some developed countries have been able to deploy fiscal stimulus...
The management of the COVID-19 pandemic has resulted in tough public policy measures around the globe, including lockdowns aimed at reducing human interaction to a minimum. These measures, which have put a stop to big chunks of economic activity, have come with devastating consequences, forcing business to lay off...
The developing world is on the cusp of its worst debt crisis since 1982. Back then, three years had to pass before creditors mounted the concerted response known as the Baker Plan, named after then-US Treasury Secretary James Baker. This time, fortunately, G20 governments have responded more quickly, calling...
Lenders grant loans to borrowers under agreed repayment conditions or terms. Whenever the borrowers default in the repayment of loan for a period of time the loan is said to be non-performing. Thus, a nonperforming loan (NPL) is a loan in which the borrower is in default on both...
The employees discomfort and the hard lessons for the African and the Africa Entrepreneurial Ecosystem.
Entrepreneurship is the backbone of every economy. The role of entrepreneurs in nation-building could not be undermined by the severity of COVID-19. Since December 2019, with China’s confirmation of the corona virus in Wuhan,...
Many are calling for a temporary moratorium on all debt repayments by developing and emerging economies, in order to prevent the COVID-19 pandemic from triggering a tsunami of sovereign defaults. Rather than waiting passively until debtors stop meeting their obligations, the argument goes, creditors would be better off agreeing...
Peer-reviewed research publications from among others UCL’s Genetics Institute, are increasingly supporting the hypothesis that SAR-COV-2 (i.e. Coronavirus) may have been with us since the last quarter of 2019.
According Professor Francios Balloux, director of the institute, genetic evidence supports suspicions that the virus was most likely infecting people in...
The origin of the phrase ‘innovate or die’ is a matter of some dispute. Peter Drucker famously declared it, though others may have shared in its coinage. But whatever its genesis, the sentiment is now widespread: stay ahead of the pace of change, or you're toast!
Organisations in African that...
The Centre for Africa Development and progress (CADeP) has come to the realisation that change can come within a very short time. The COVID-19 pandemic has made the world more level for all kinds of people, whether rich or poor. The responses to the COVID-19 pandemic are simply amplifications of...