Africa to pursue loan waivers as safeguard impact of Coronavirus

As part of efforts to mitigate against the adverse effects of the global Coronavirus pandemic, African governments will unite in pushing for loan waivers.

The resolution was made last evening during a virtual meeting of the Bureau of the African Union Heads of State and Government.

The leaders said foreign debt is a common challenge for all African countries and agreed to forge a common front in asking bilateral and multilateral partners to waive loans that African countries owe.

They noted that Africa needs an economic stimulus package since the slow down in economic activities occasioned by the Coronavirus outbreak will cost the continent jobs and affect incomes of vulnerable populations.

The African Leaders further called for collaboration from international partners and the private sector in rolling out measures to mitigate against the adverse effects of the pandemic.

President Kenyatta, who took part in the tele-conference convened by South African President Cyril Ramaphosa, said Africa should step up its Coronavirus testing capacity.

He said mass testing will be the only sure way of stopping the spread of the virus.

“As a continent we need to focus on expanding our testing capacity to enable us conduct mass testing as this is the only sure way we will manage this problem,” the Uhuru said.