https://www.engineeringnews.co.za

Peak infections in Africa still to come, need for debt standstill for another 2 years – Ramaphosa

president Cyril Ramaphosa

president Cyril Ramaphosa

13th May 2020

By: Sane Dhlamini

Creamer Media Senior Contributing Editor and Researcher

     

Font size: - +

African Union (AU) chairperson and South African President Cyril Ramaphosa on Wednesday warned that while the number of coronavirus (Covid-19) infections in Africa at this time is lower than elsewhere in the world, the continent should expect that the peak is still to come.

He also said that while the World Bank and the International Monetary Fund have supported a debt standstill of nine months, the African Union believes that, given the extent of the anticipated damage, the continent will need a debt standstill for two years.

Ramaphosa hosted a virtual meeting with the Heads of State and Government of countries neighbouring South Africa on responses to the Covid-19 pandemic.

The aim of the meeting was to share information on respective responses and how best African countries can coordinate efforts to fight the pandemic.

“This virus does not respect borders, nor distinctions of nationality. Considering the social and economic linkages between our countries, when one of us is vulnerable, we are all vulnerable,” said Ramaphosa.

He expressed concern at the lack of access to personal protective equipment (PPE) on the continent.

The AU Bureau has met with various African businesses to ramp up production and source PPE from overseas.

To oversee and assist these efforts, Ramaphosa has appointed Zimbabwean businessperson Strive Masiyiwa.

Ramaphosa has also approached Cuba, China, Russia, France, Canada and the US for support.

“We have hosted two virtual meetings of the Bureau of the Assembly of AU Heads of State and Government. Among other things, the Bureau agreed on the establishment of the AU Covid-19 Response Fund, a drive to raise additional funds for the Africa Centres for Disease Control and Prevention (Africa CDC) and intensive lobbying of the international community, including the international financial institutions, for a comprehensive, robust economic stimulus package for Africa,” Ramaphosa explained.  

The AU has raised $25-million for the Response Fund and an additional $36.5-million to the Africa CDC.

The AU has further appointed Special Envoys to follow up on pledges, mobilise further international support and campaign for international participation in the AU’s Covid-19 economic intervention.

These include Dr Ngozi Okonjo-Iweala of Nigeria, Dr Donald Kaberuka of Rwanda, Tidjane Thiam of Côte d'Ivoire,  Trevor Manuel of South Africa and Benkhalfa Abderrahmane of Algeria.

The AU has also called for the allocation of more Special Drawing Rights Allocations to Africa to provide liquidity to central banks, the corporate sector and small and medium-sized enterprises.

“We argued for a waiver of all interest payments on multilateral and bilateral debt. This would provide the necessary fiscal space for African governments to devote all available resources to response and recovery. In general, the response from the international community has been positive with various partners making pledges, offering debt relief measures and providing concrete support in the form of medical supplies,” Ramaphosa revealed.

He urged African leaders to work together to better protect the health, the wellbeing and the lives of African citizens.

He assured that the continent would be able, not only to overcome this grave health emergency, but also place its countries on paths of recovery and reconstruction.

Edited by Sashnee Moodley
Polity and Multimedia Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds is a leading steel, tube, and engineering product supplier in South Africa.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.071 1.074s - 158pq - 2rq
Subscribe Now