PAFO: Impact of Covid on African farmers
PAFO’s new study, Impact of Covid on African Farmers: Challenges faced by farmers and responses already in place or recommended, maps the effects of the Covid-19 crisis on the agricultural sector in Africa, with a focus on family farms and food supply chains. Common challenges are presented and appropriate recommendations are proposed.
Ongoing impact of Covid-19 in six African countries
While sub-Saharan Africa has not experienced as many Covid-19 cases as other regions, countries throughout the area have been under varying levels of restrictions which have had a huge impact (GeoPoll, 9 December). In November, GeoPoll conducted a study in Côte d’Ivoire, Democratic Republic of the Congo, Kenya, Mozambique, Nigeria and South Africa to gauge how lives have changed in 2020, people’s views on the future, and their willingness to take a vaccine.
Africa-France summit to be held in July 2021
Initially scheduled to take place in Bordeaux in June 2020, the next Africa-France summit will be held in July 2021 in Montpellier (Midi Libre, 20 November). The summit, which usually brings together French and African leaders every three years or so, was postponed due to Covid-19 restrictions. President Macron said “We are not going to organise a classic summit, inviting heads of state. Our objective is to highlight people who embody generational renewal, including at the political level.”
Cameroon: 10 billion FCFA support for SME investment
Société Générale and the European Investment Bank (EIB, 17 November) have announced a new joint initiative to support economic development across Cameroon. The new financing is part of the EIB’s broader support for private sector development and help to increase the economic resilience of companies across Africa and around the world facing economic, social and health challenges and the Covid-19 pandemic. Cameroon’s Minister for small and medium sized companies, social economy and artisans launched the financing programme, which will benefit hundreds of SMEs, accelerating investment through more flexible financing conditions. A similar credit line is in place in Benin; other initiatives in central Africa will be announced in the coming weeks.
Marketing the EAC as a single investment destination
The East African Business Council (EABC) has urged East African Community (EAC) partner states to harmonise investment incentives and market the six-member bloc as a single investment destination (The New Times, Rwanda, 10 December; Citizen Digital, Kenya, 10 December). During a two-day EABC virtual conference on trade and investment opportunities in the region in the post Covid-19 era, it was noted that non-tariff barriers continue to hinder cross-border trade due to different measures on Covid-19 in the region.
Uncertainties over demand in Europe for new lychee season
According to professionals in the lychee sector in Madagascar, the Covid-19 crisis in Europe, the main export market for lychee from Madagascar, is likely to impact on demand. Madagascar should export between 12,000 and 14,000 tonnes of lychees this year, far less than the 18,000 tonnes exported in 2018 (Fructidor, 24 November).