April 25, 2022

Group Laments Rising Debt Profile Of Developing Countries

April 25, 2022 10:30 pm

African Consultative Group at the UN has highlighted the need to address rising debt vulnerabilities of developing countries, particularly in Africa.

The group also seeks effective ways to alleviate the weight of debt service on indebted African countries.

In a statement issued on Sunday in Washington D.C., the group stressed the need to continue working together to strengthen the debt resolution architecture.

The architecture, it explained included improving on the Common Framework for debt treatments and technical assistance within the Multipronged Approach to address capacity requirements.

The …

Africa Must Prepare For A Global Food Crisis, Says Adesina

April 25, 2022 10:07 pm

African Development Bank Group President, Dr. Akinwumi Adesina says “Africa must prepare for the inevitability of a global food crisis.”

Adeshina, in a statement, spoke about Africa’s priorities, as a guest at the Atlantic Council’s Africa Center in Washington DC.

Fielding questions from the Council’s Africa Center Chair, Ambassador Rama Yade; Senior Fellow Aubrey Hruby; and Washington/UN correspondent for Jeune Afrique and The Africa Report, Julian Pecquet, the Bank chief called for an increased sense of urgency amid what he described as a once-in-a-century convergence of global challenges for Africa.

New Coronavirus Cases In Beijing Prompt Emergency Shopping

April 25, 2022 7:48 pm

The specter of coronavirus lockdowns was creeping into view in China’s capital, forcing people to stock up on supplies.
Even though the 3.5 million residents of one district have been ordered to undergo regular testing.

The testing regime in the district of Chaoyang would require residents there to go through three rounds of testing at two-day intervals.

The requirement comes as a few dozen cases have been located in Beijing.

There were also reports of general lockdowns in the city’s western districts, with residents told not to leave …