\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n
\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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See all

\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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See all

\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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See all

\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all

\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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See all

\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all

\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all

\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

Recent Posts
See all

\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Apart from ranking number one on the Aid Transparency Index, AfDB achieved a score that has never been reached by anyone since the beginning of the ranking a decade ago. In 2020, the African Development Bank was fourth on the log. This shows how much the organization has grown within a short time.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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African Development Bank (AfDB) broke Aid Transparency Index\u2019s decade-old record<\/h2>\n\n\n\n

Apart from ranking number one on the Aid Transparency Index, AfDB achieved a score that has never been reached by anyone since the beginning of the ranking a decade ago. In 2020, the African Development Bank was fourth on the log. This shows how much the organization has grown within a short time.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\u201cSeeing this score from an index that assists in the promotion of transparency among international agencies fills me with so much joy. As a bank, we have worked hard over the years to make our aid flows transparent with easily accessible and consistent data.\u201d<\/em><\/p>\n\n\n\n

African Development Bank (AfDB) broke Aid Transparency Index\u2019s decade-old record<\/h2>\n\n\n\n

Apart from ranking number one on the Aid Transparency Index, AfDB achieved a score that has never been reached by anyone since the beginning of the ranking a decade ago. In 2020, the African Development Bank was fourth on the log. This shows how much the organization has grown within a short time.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Dr. Akinwumi Adesina continued to praise Publish What You Fund for their effort. He also highlighted the importance of such analysis in ensuring transparency and effectiveness of aid. Swazi Tshabalala, the senior vice president of AfDB said,<\/p>\n\n\n\n

\u201cSeeing this score from an index that assists in the promotion of transparency among international agencies fills me with so much joy. As a bank, we have worked hard over the years to make our aid flows transparent with easily accessible and consistent data.\u201d<\/em><\/p>\n\n\n\n

African Development Bank (AfDB) broke Aid Transparency Index\u2019s decade-old record<\/h2>\n\n\n\n

Apart from ranking number one on the Aid Transparency Index, AfDB achieved a score that has never been reached by anyone since the beginning of the ranking a decade ago. In 2020, the African Development Bank was fourth on the log. This shows how much the organization has grown within a short time.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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ALSO READ:<\/strong> Entrepreneur Spotlight: From Herding Livestock Bare Footed To The World Of Banking. See How Equity Bank Billionaire James Mwangi Made It?<\/a><\/p>\n\n\n\n

Dr. Akinwumi Adesina continued to praise Publish What You Fund for their effort. He also highlighted the importance of such analysis in ensuring transparency and effectiveness of aid. Swazi Tshabalala, the senior vice president of AfDB said,<\/p>\n\n\n\n

\u201cSeeing this score from an index that assists in the promotion of transparency among international agencies fills me with so much joy. As a bank, we have worked hard over the years to make our aid flows transparent with easily accessible and consistent data.\u201d<\/em><\/p>\n\n\n\n

African Development Bank (AfDB) broke Aid Transparency Index\u2019s decade-old record<\/h2>\n\n\n\n

Apart from ranking number one on the Aid Transparency Index, AfDB achieved a score that has never been reached by anyone since the beginning of the ranking a decade ago. In 2020, the African Development Bank was fourth on the log. This shows how much the organization has grown within a short time.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
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#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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\u201cI am excited to see the accolade from Publish What You Fund. It is the outcome of the tireless efforts of the over 2,000 staff in our organization who toil ceaselessly to fast-track Africa\u2019s progress. With commitment and focus, they continue to deliver the best quality under maximum inspection. I am proud of them.\u201d<\/em><\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: From Herding Livestock Bare Footed To The World Of Banking. See How Equity Bank Billionaire James Mwangi Made It?<\/a><\/p>\n\n\n\n

Dr. Akinwumi Adesina continued to praise Publish What You Fund for their effort. He also highlighted the importance of such analysis in ensuring transparency and effectiveness of aid. Swazi Tshabalala, the senior vice president of AfDB said,<\/p>\n\n\n\n

\u201cSeeing this score from an index that assists in the promotion of transparency among international agencies fills me with so much joy. As a bank, we have worked hard over the years to make our aid flows transparent with easily accessible and consistent data.\u201d<\/em><\/p>\n\n\n\n

African Development Bank (AfDB) broke Aid Transparency Index\u2019s decade-old record<\/h2>\n\n\n\n

Apart from ranking number one on the Aid Transparency Index, AfDB achieved a score that has never been reached by anyone since the beginning of the ranking a decade ago. In 2020, the African Development Bank was fourth on the log. This shows how much the organization has grown within a short time.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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See all

\n

African Development Bank\u2019s Sovereign Portfolio emerged first out of 50 similar development institutions across the globe. The AfDB was the leading bank in the ranking with a score of 98.5. Reacting to the ranking, the president of the African Development Bank Group, Dr. Akinwumi Adesina said,<\/p>\n\n\n\n

\u201cI am excited to see the accolade from Publish What You Fund. It is the outcome of the tireless efforts of the over 2,000 staff in our organization who toil ceaselessly to fast-track Africa\u2019s progress. With commitment and focus, they continue to deliver the best quality under maximum inspection. I am proud of them.\u201d<\/em><\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: From Herding Livestock Bare Footed To The World Of Banking. See How Equity Bank Billionaire James Mwangi Made It?<\/a><\/p>\n\n\n\n

Dr. Akinwumi Adesina continued to praise Publish What You Fund for their effort. He also highlighted the importance of such analysis in ensuring transparency and effectiveness of aid. Swazi Tshabalala, the senior vice president of AfDB said,<\/p>\n\n\n\n

\u201cSeeing this score from an index that assists in the promotion of transparency among international agencies fills me with so much joy. As a bank, we have worked hard over the years to make our aid flows transparent with easily accessible and consistent data.\u201d<\/em><\/p>\n\n\n\n

African Development Bank (AfDB) broke Aid Transparency Index\u2019s decade-old record<\/h2>\n\n\n\n

Apart from ranking number one on the Aid Transparency Index, AfDB achieved a score that has never been reached by anyone since the beginning of the ranking a decade ago. In 2020, the African Development Bank was fourth on the log. This shows how much the organization has grown within a short time.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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Publish What You Fund<\/a>, a global campaign with the objective of ensuring development and aid transparency, named the African Development Bank (AfDB) the most transparent organization in the world in its 2022 Aid Transparency Index released on Wednesday, 13 July 2022.<\/p>\n\n\n\n

African Development Bank\u2019s Sovereign Portfolio emerged first out of 50 similar development institutions across the globe. The AfDB was the leading bank in the ranking with a score of 98.5. Reacting to the ranking, the president of the African Development Bank Group, Dr. Akinwumi Adesina said,<\/p>\n\n\n\n

\u201cI am excited to see the accolade from Publish What You Fund. It is the outcome of the tireless efforts of the over 2,000 staff in our organization who toil ceaselessly to fast-track Africa\u2019s progress. With commitment and focus, they continue to deliver the best quality under maximum inspection. I am proud of them.\u201d<\/em><\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: From Herding Livestock Bare Footed To The World Of Banking. See How Equity Bank Billionaire James Mwangi Made It?<\/a><\/p>\n\n\n\n

Dr. Akinwumi Adesina continued to praise Publish What You Fund for their effort. He also highlighted the importance of such analysis in ensuring transparency and effectiveness of aid. Swazi Tshabalala, the senior vice president of AfDB said,<\/p>\n\n\n\n

\u201cSeeing this score from an index that assists in the promotion of transparency among international agencies fills me with so much joy. As a bank, we have worked hard over the years to make our aid flows transparent with easily accessible and consistent data.\u201d<\/em><\/p>\n\n\n\n

African Development Bank (AfDB) broke Aid Transparency Index\u2019s decade-old record<\/h2>\n\n\n\n

Apart from ranking number one on the Aid Transparency Index, AfDB achieved a score that has never been reached by anyone since the beginning of the ranking a decade ago. In 2020, the African Development Bank was fourth on the log. This shows how much the organization has grown within a short time.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/AfDB_Group\/status\/1548009552133558274\n<\/div><\/figure>\n\n\n\n

Since 2014, the AfDB score has remained in the \u2018very good' category. Also, the organization has consistently shown commitment to improving transparency including making all its financial transactions open to the public.<\/p>\n\n\n\n

Publish What You Fund\u2019s ranking is divided into five categories. \u2018Very good\u2019 is the highest ranking on their index. The ranking process considers different criteria including organizational planning and performance, finance and budgets, and primary information data. Gary Foster, the Chief Executive of Publish What You Fund said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Entrepreneur Spotlight: Meet Temie Giwa-Tubosun, the Founder of LifeBank<\/a><\/p>\n\n\n\n

\u201cCongratulations to AfDB\u2019s sovereign portfolio for coming first in the 2022 Aid Transparency Index. They constantly engage to understand the Index\u2019s demands and continue to modify their approach to disclosure with the publication of higher quality and comprehensive data.\u201d<\/em><\/p>\n\n\n\n

Snippets of energy and infrastructural commitments of AfDB to Africa's economic growth<\/h2>\n\n\n\n
\"Afdb
Afdb roundtable group pic with partners (Photo credit: African Development Bank)<\/figcaption><\/figure>\n\n\n\n

The African Development Bank has made its operations open to the public to demonstrate its commitment to accountability. For example, stakeholders in the organization can easily track the Bank\u2019s developmental projects in Africa using the MapAfrica<\/a> platform. Those that need tailored data can access it through the Project Data Portal.<\/p>\n\n\n\n

In a recent speech to the Institute of International and European Affairs (IIEA), Dr. Akinwumi Adesina emphasized the role of AfDB in supporting growth, stability, and sustainable development in Africa. He also pointed out some of the problems facing the continent at the moment including climate change, debt sustainability, food security, and the financing gap.<\/p>\n\n\n\n

Beyond highlighting the problems facing the continent, Dr. Akinwumi Adesina also proffered solutions to some of the problems. This includes increased disaster preparedness, enhancing superior healthcare systems, and investing in infrastructures that will strengthen Africa\u2019s resilience.<\/p>\n\n\n\n

Dr. Akinwumi Adesina is often tagged \u201cAfrica\u2019s Optimist-in-Chief\u201d for his visionary leadership and passion to see the continent\u2019s transformation. He was first elected to head African Development Bank in 2015 and was re-elected in 2020. <\/p>\n\n\n\n

Under Dr. Adesina, the AfDB achieved a feat never heard of since its establishment in 1964. Below are some of the programs of the African Development Bank.<\/p>\n\n\n\n

Approval of $11 million grant for the implementation of the African Continental Free Trade Area<\/h3>\n\n\n\n

On July 14, 2020, it was announced that the African Development Fund has approved $11.02 million to support the effective implementation of the AfCFTA. This round of support aims at improving intra-Africa trade through effective participation in AfCFTA.<\/p>\n\n\n\n

The recent support by the AfDB will come in three phases including strengthening of the AfCFTA Secretariat, the inclusion of the private sector in AfCFTA implementation, and support of a climate-resistant value chain to enhance intra-Africa trade. AfDB\u2019s Industrial Development and Trade Department Director, Abdu Mukhtar said,<\/p>\n\n\n\n

ALSO READ:<\/strong> Here Are The Best Banks In Africa According To The Global Finance Magazine<\/a><\/p>\n\n\n\n

\u201cAfrican Development Bank\u2019s relationship with AfCFTA Secretariat is vital for achieving higher continental trade and economic transformation on the continent. The approval of the grant by our Board will ensure the harmonious conduction of trade on the continent.\u201d<\/em><\/p>\n\n\n\n

Partnership with the Gabonese government for 2023 to 2027 development priorities<\/h3>\n\n\n\n

The AfDB held a four-day national consultation with the Gabonese government from 20th to 23rd June with regards o the nation\u2019s 2016 to 2022 Country Strategy Paper and Country Diagnostic Note. The consultation was applauded by Souleymane Kon\u00e9, AfDB\u2019s Central Africa Managing Director.<\/p>\n\n\n\n

\u201cThe consultation is the first step towards the adoption of the Country Strategy Paper which will scrutinize Gabon\u2019s strategic and priority options at the sectoral and macro-economic levels.\u201d<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ashe_news\/status\/1548040385946996737\n<\/div><\/figure>\n\n\n\n

Through the consultation, the African Development Bank was able to highlight the numerous economic opportunities that abound in Gabon. This includes numerous natural resources, specifically oil, manganese, and gas. Gabon is the fifth largest producer of oil on the continent. The nation also has the second highest manganese deposit in the world.<\/p>\n\n\n\n

With the dwindling of oil, the country is looking for ways to diversify its economy. Thus, they are also looking at other export earners including its 22.5 million hectares of forests which blankets 85% of the country.<\/p>\n\n\n\n

The AfDB supported the implementation of the 2016 to 2022 Country Strategy Paper which helped the nation to enhance the use of secondary forest species and the entire business environment. Also, African Development Bank\u2019s budget supported Gabon\u2019s fiscal stability.<\/p>\n\n\n\n

Fighting food insecurity in South Sudan with $8.1 million agricultural grant<\/h3>\n\n\n\n

African Development Bank is also at the forefront of fighting food insecurity on the continent. On 16 July 2022, AfDB approved $8.1 million grant for the funding of South Sudan\u2019s Emergency Food Production Programme.<\/p>\n\n\n\n

The grant was allocated through the Transition <\/a>Support<\/a> Facility<\/a> for the ongoing Agricultural Markets, Value Addition and Trade Development (AMVAT). The goal of AMVAT is to lower poverty, food insecurity, and foster resilient and socially cohesive economic growth among communities.<\/p>\n\n\n\n

Natural disasters like flooding and the war in Ukraine have increased the threat to food security in the nation. More and more people are queuing up for aid. The AMVAT project will enhance agricultural production and productivity in five of South Sudan\u2019s most affected states.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/ChassNews\/status\/1548357732058533896\n<\/div><\/figure>\n\n\n\n

The problem will be tackled on various fronts including using fertilizers, improved seeds, and extension services for farmers. Echoing this strategy, the AfDB\u2019s Director General for East Africa, Nnenna Nwabufo said,<\/p>\n\n\n\n

ALSO READ: <\/strong>Entrepreneur Spotlight: Lorna Rutto Quit A Bank Job To Start Waste Recycling Plant<\/a><\/p>\n\n\n\n

\u201cThe grant is in support of the continuation of the performing AMVAT project. However, attention will be more on emergency food threats and the disruption of vital farm inputs that are instrumental to food cultivation in South Sudan.<\/em><\/p>\n\n\n\n

Future expectations from the African Development Bank (AfDB)<\/h2>\n\n\n\n

Following the disruption of grain export with the heightened Ukraine crisis, the African Development Bank is looking at supporting the implementation of the Emergency Food Production Programme in most vulnerable countries.<\/p>\n\n\n\n

In South Sudan, that program has been handed over to the UN Food and Agriculture Organization for proper implementation. Apart from food emergencies, AfDB is also funding other infrastructural projects across the continent.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/sow_ahmed\/status\/1548564443545890816\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/UjenziAfrica\/status\/1548645983923355651\n<\/div><\/figure>\n\n\n\n

Hopefully, AfDB under the watchful eyes of Dr. Akinwumi Adesina will continue to monitor these programs to ensure they are properly implemented. There is always room for improvement at the industrial development bank. <\/p>\n","post_title":"African Development Bank (AfDB) Hits Global Aid Transparency Index Milestone Ahead Of Western Banks","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"african-development-bank-afdb-hits-global-aid-transparency-index-milestone","to_ping":"","pinged":"","post_modified":"2024-08-16 12:18:24","post_modified_gmt":"2024-08-16 12:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":309676,"post_author":"10046","post_date":"2021-08-31 07:50:18","post_date_gmt":"2021-08-31 07:50:18","post_content":"\n\nThe battle against the spread of the COVID-19 virus was half won with the release of the COVID-19 vaccine. However, the number of people in need of the vaccine outweighed its supply resulting in a global power struggle. The slow production of the COVID-19 vaccine and the more infectious delta variant means many developing countries are at the mercy of developed nations. The developing countries had to rely on donations and the COVAX scheme to get COVID-19 vaccines.\n\n[caption id=\"attachment_309759\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> World map showing the number of people around the world who have received at least one dose of the COVID-19 vaccine (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\nThe COVAX Scheme is a joint alliance between several bodies including the WHO, the CEPI, and the Vaccine Alliance. The scheme ensures that member countries get easy access to the vaccines regardless of their income level. This brought hope to the African continent and many other developing parts of the world.\n

ALSO READ:\u00a0Top 10 Charities Helping In the Fight Against COVID-19 In Africa<\/a><\/strong><\/div>\n

COVID-19 Vaccination: How Is Africa Getting Along?<\/h2>\nIn July, the number of COVID-19 cases in Africa peaked at about 286,000 cases per week<\/a>. South Africa and Tunisia took the worst hit accounting for more than 55% of deaths according to the UN<\/a>. Sadly, only 2% of the 1.3 billion people in Africa have been fully vaccinated against COVID-19. At this pace, Africa will fail to meet the target of vaccinating 10% of its population<\/a> by the end of September.\n\nAccording to WHO's regional director for Africa, Matshidiso Moeti, meeting the 10% target is a \"very daunting task\". The question remains, \"Why is Africa lacking behind\"? Is it as a result of vaccine apathy or low availability of vaccine doses?\n\nhttps:\/\/youtu.be\/ez06bDxQolc\n\n\n

Vaccine Hesitancy from Conspiracy Theories<\/h3>\nInitially, most Africans were unwilling to take the COVID jabs. The major deterrent being the spread of conspiracy theories about the COVID vaccine. However, the rigorous awareness campaigns by both the African governments and foreign organizations lowered vaccine hesitancy. And more people began trooping down to health facilities in their respective countries to be vaccinated. Ironically, when the people were willing to take the shot, there was not enough vaccine available.\n\nhttps:\/\/twitter.com\/whoafro\/status\/1334469276976238593?s=21\n
ALSO READ:\u00a0Africa Gets 300 Million Doses Of COVID-19 Vaccine, But Will Africans Take It?<\/a><\/strong><\/div>\n

Vaccine Scarcity and the Irony of a Booster Shot<\/h3>\nThe rising death tolls in Africa from the COVID-19 virus is \"a preventable tragedy if African countries can get a fair access to the vaccines\"<\/em>, says Moeti. According to her, the number of COVID-19 vaccines administered in the past few weeks has tripled. Nevertheless, the numbers are still insignificant considering the fact that the majority of the African populace still don't have access to the vaccine.\n\nhttps:\/\/twitter.com\/imfnews\/status\/1409572897450958880?s=21\n\nThe reason for this is that most of the COVID-19 vaccines coming to Africa are sourced from the Serum Insitute of India via the COVAX scheme. Early this year, India faced a sudden spike in COVID-19 cases. To combat this, the Serum Institute of India had to stop exporting vaccines in order to have enough for its own needs.\n\n\n\nConsequently, African countries that relied on the COVAX scheme faced a shortage in supply. Ironically, according to the head of Africa CDC, John Nkengasong, \"the countries that made pledges and committed to supporting COVAX ended up buying most of the vaccines\". The WHO Director-General Tedros Adhanom Ghebreyesus puts it more succinctly,\n\n\"It is unconscionable that some countries are now offering booster shots while so many people remain unprotected\"<\/em>.\n\nThe statement of the WHO director-general was arguably referring to the recommendation made by the Biden administration<\/a> to begin offering booster shots to its citizens. This recommendation was met with fierce criticism from public health bodies including the WHO.\n\nhttps:\/\/twitter.com\/yahoonews\/status\/1429550089241079812?s=21\n
ALSO READ: ?Why Is WHO Telling African Countries To Use Expired COVID-19 Vaccines?<\/a>\u00a0<\/strong><\/div>\n

Slow Vaccination Process<\/h3>\nAccording to the WHO<\/a>, \"14 African countries have used from 80% to 100% of the doses they received through the COVAX Facility, 20 countries have used less than 50% of the doses received. Twelve countries have more than 10% of their AstraZeneca doses at risk of expiring by the end of August\".\n<\/em>\n\nhttps:\/\/twitter.com\/gyamey\/status\/1369481655665229824?s=21\n\nWhile most African countries are picking up speed in administering the COVID-19 vaccine, some are yet to do so. Among these are Tanzania, the Democratic Republic of Congo, Chad, Burkina Faso, South Sudan, Benin, and Madagascar. According to Forbes,<\/a> these African countries have vaccinated less than 0.7% of their population.\n\n\u201cWe need to ensure that the vaccines that we have are not wasted because every dose is precious.<\/em> Countries that are lagging behind in their rollout need to step up vaccination efforts<\/em>,\u201d says Dr. Moeti.\n\n\n

African Countries that have Vaccinated Over a Million People<\/h2>\nThe story is not all gloomy because there are some African countries that have successfully vaccinated more than a million people.\u00a0 This is a milestone worth celebrating, considering the challenges facing African governments. if indeed all African countries have equal access to the vaccine via the COVAX scheme, then Surpassing the 1-millionth mark depends largely on the vaccine rollout strategy in place. Below are the 12 African countries with more than one million vaccinated people in descending order.\n\n[caption id=\"attachment_309760\" align=\"alignnone\" width=\"2048\"]\"COVID-19<\/a> A map of Africa showing the number of people fully vaccinated against COVID-19 (Photo credit: OurWorldInData.org)<\/em>[\/caption]\n\n
<\/div>\n
ALSO READ:\u00a0Is COVID-19 Vaccine The Key To Reviving Seychelles Tourism?<\/a><\/strong><\/div>\n

#1. Morocco<\/h3>\nTotal population: 36 miliion\n\nNumber of people who have taken the COVID-19 vaccine: 18.23 million\n

#2. South Africa<\/h3>\nTotal population: 59 million\n\nNumber of people who have taken the COVID-19 vaccine: 9.03 million\n

#3. Egypt<\/h3>\nTotal population: 102 million\n\nNumber of people who have taken the COVID-19 vaccine: 5.11 million\n

#4. Tunisia<\/h3>\nTotal population: 11 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.69 million\n

#5. Algeria<\/h3>\nTotal population: 43 million\n\nNumber of people who have taken the COVID-19 vaccine: 3.42 million\n\n\n

#6. Nigeria<\/h3>\nTotal population: 206 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.55 million\n

#7. Zimbabwe<\/h3>\nTotal population: 14 million\n\nNumber of people who have taken the COVID-19 vaccine: 2.53 million\n

#8. Kenya<\/h3>\nTotal population: 53 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.89 million\n

#9. Rwanda<\/h3>\nTotal population: 12 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.24 million\n

#10. Mozambique<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.21 million\n
ALSO READ:\u00a0Zimbabwean Sculptor Is Fighting COVID-19 With Stones<\/a><\/strong><\/div>\n

#11. Senegal<\/h3>\nTotal population: 16 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.15 million\n

#12. Angola<\/h3>\nTotal population: 32 million\n\nNumber of people who have taken the COVID-19 vaccine: 1.11 million\n\n\n

How to Improve Vaccination Drive Across Africa<\/h2>\nMorocco is leading other African nations with a huge margin. So, we can take a cue from them to understand how to improve the vaccination drive in Africa. From the onset, the Moroccan government sort for the vaccines from several sources and was also involved in the early vaccine trials<\/a>. By taking this initiative, Morocco had access to more vaccines than any other African nation. The government also plans to produce the Sinophram vaccines locally and this will reduce its dependency on foreign governments.\n\n[caption id=\"attachment_309799\" align=\"alignnone\" width=\"749\"]\"COVID-19<\/a> Map of the COVID-19 Vaccines being distributed in Africa (Photo credit: Twitter @SamRamani2)<\/em>[\/caption]\n\nFor the vaccine rollout, the Moroccan government mobilized both health personnel and the military. The 12,000 health personnel initially mobilized were deployed to 2,888 vaccination stations across the country. In comparison, South Africa has only 18 vaccination centers<\/a>, despite having a larger population.\n\nHaving more vaccination centers makes it easy for its citizens to get access to the COVID-19 vaccine without delay. This will also curb wastage since the vaccines won't need to be stored for too long and risk expiration. Indeed, other African nations can learn from this to improve their vaccination rollout process. Instead of relying only on lockdown which takes a toll on the economy<\/a>.","post_title":"See The African Countries That Have Vaccinated Over A Million People","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"see-the-african-countries-that-have-vaccinated-over-a-million-people","to_ping":"","pinged":"","post_modified":"2024-10-04 06:03:41","post_modified_gmt":"2024-10-04 06:03:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=309676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":296374,"post_author":"9460","post_date":"2021-03-31 21:44:00","post_date_gmt":"2021-03-31 21:44:00","post_content":"\n\nThe African Economic Outlook 2021<\/a> is part of the annual report by the African Development Bank (AFDB). It seeks to analyze immediate-past economic situations in Africa and predict economic outcomes for the concurrent year. The recently released report has positive figures for most countries on the African continent. This exciting news comes despite the wrenching impact of the COVID-19 pandemic in 2020. Here's a breakdown of the three-chapter report.\n

Breakdown of The African Economic Outlook 2021 Report<\/strong><\/h2>\nIn recent years, the African economy has experienced a generally progressive trend. As reported by the African Development Bank, the continent enjoyed a consecutive 3.4 percent economical growth in 2018 and 2019. The African Economic Outlook 2020<\/a> also pictured equal growth distribution largely driven by South Africa, Morocco, Algeria, Egypt, and Nigeria.\n
READ ALSO:\u00a0All You Need To Know About Investing In African Stock Market<\/a>\u00a0<\/strong><\/div>\nThe year 2021 appears better promising with Africa expected to recover from its worst economic recession in half a century. However, there must be changes in policies to ease the effects of the pandemic. This should be accompanied by an understanding of debt structure and composition. Also, the report by the African Development Bank (AFDB) suggests modifications to government rule in order to ease debt resolution and enhance growth. This report explains this in three chapters.\n

Growth Outlook of The African Economy<\/h3>\nThe first chapter in the African Economic Outlook 2021 discusses the important results of resuming tourism, normalizing commodity prices, and taking other economy-building steps. The report urges countries across the continent to rollback restrictions set during the global pandemic. This will increase recovery which is already showing encouraging signs.\n\n\n\n[caption id=\"attachment_296387\" align=\"aligncenter\" width=\"1080\"]\"African<\/a> Screenshot of African Growth Rate Performance<\/em>[\/caption]\n\nThese leading indicators present an outright positive economic growth outlook. Gross Domestic Product (GDP) is therefore projected to grow by 3.4 percent. This comes after a huge contraction of 2.1 percent in 2020. However, even though the new figure is achievable, there is some level of uncertainty due to possible domestic and external hindrances.\n

Debt Resolution<\/strong><\/h3>\nDebt resolution<\/a> is the focus of the second chapter in the recently released African Economic Outlook 2021 report. This is understandably a concern since the debt-to-GDP ratio is expected to rise by 10 percent from the previous value of 60 percent.\n
ALSO READ: The Akoin Ecosystem Will Impact the African Economy \u2013 Here\u2019s How<\/a><\/strong><\/div>\nGovernments have increasingly suffered financing needs since the beginning of the COVID-19 pandemic. The introduction of stimulus packages further increased the need for more funding. These packages cost varying percent of GDP (0.02 in South Sudan to about 10.4 percent in South Africa). Also, it had immediate and direct effects on debt level, budgetary balances, and so on.\n\nAlong with the cost of stimulus packages, other factors such as growing interest rates, shorter debt maturity period, and expanding contingent liabilities all lead to debt accumulation. The report directly links governance and government reforms to debt resolution.\n\n\n

Governance\u00a0<\/strong><\/h3>\n[caption id=\"attachment_296389\" align=\"alignnone\" width=\"800\"]\"Image<\/a> African Development Bank Logo<\/em>[\/caption]\n\nThis third chapter, dubbed \"debt resolution and the nexus between governance and growth<\/a>\", merges the issues of debt resolution and growth through government reforms. It basically considers sovereign debt restructuring in financial architectures by the international community. This will lead to the reduction in debt resolution costs which is important for the African economy. Ultimately, government policies will provide power to ensure the growth of the African economy. This relates to strategies that target digitalization and debt transparency.\n
ALSO READ:\u00a0Will Implementing The African Continental Free Trade Agreement (AfCFTA) Reduce Africa's Dependence on The West?<\/a><\/strong><\/div>\n

Conclusion<\/strong><\/h2>\nThe upward forecast of the African economy in the recently released report gives both Africans and investors a sigh of relief. However, this projected growth will not be achieved if African governments fail to take necessary actions highlighted by the African Development Bank (AFDB). The importance of growing the Gross Domestic Product (GDP) especially comes from the fact that several African countries are heavily in debt.","post_title":"African Economic Outlook 2021 Has Applaudable Figures","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"african-economic-outlook-2021-have-applaudable-figures","to_ping":"","pinged":"","post_modified":"2024-08-12 23:18:28","post_modified_gmt":"2024-08-12 23:18:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=296374","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":false,"total_page":1},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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