
Audio By Carbonatix
Rwanda's President Paul Kagame has warned that it could take “a generation or more” for Africa to recover from the shock of the Covid-19 pandemic.
He told the UK Financial Times that the continent would need at least $100bn (£80bn) in foreign support.
The World Bank has already warned that Africa will slip into recession, its first in 25 years, as global trade shrinks and commodity prices continue to fall.
Mr Kagame said he was confident progress could be made following what he called “good engagement” from “partners such as France, Germany, China and the US”.
Nations belonging to the G20 group of leading economies last week agreed to suspend debt payments owed to them by some of the world's poorest countries, including many in Africa.
Africa has confirmed more than 21,000 Covid-19 cases so far. Last week the World Health Organization warned the continent could become the next epicentre of the coronavirus outbreak.
UN officials say it is likely the pandemic will kill at least 300,000 people in Africa and push nearly 30 million into poverty.
Latest Stories
-
Africa must look inward: Reframing resilience in a shifting global econy
8 minutes -
7 dead, 2 missing after boat capsizes on Volta Lake
18 minutes -
Miss Diaspora Ghana 2026 launched to deepen diaspora ties and drive development
25 minutes -
US warns citizens to reconsider Nigeria travel on safety grounds
49 minutes -
Ivan Toney questions refereeing in Saudi Pro League title race after Al-Ahli draw
51 minutes -
Angola appoint Aliou Cissé as new head coach
1 hour -
Virtual Security Africa showcases digital security vision at Kwahu Business Forum
1 hour -
EBID strengthens regional integration role amid global economic uncertainty
2 hours -
Two assault rifles, ammunition retrieved in Police probe of Tamale gang attack
2 hours -
EBID records strong financial growth with $722m disbursements in 2025 – President, Dr George Donkor
2 hours -
EBID to mobilise $2.69bn under new 2026–2030 growth strategy – Dr George Donkor
2 hours -
An open letter to telcos, regulators and security agencies on mobile money fraud in Ghana
2 hours -
Mobile Money Merchants are driving fraud
2 hours -
Alban Bagbin declines minority’s motion to investigate sale of gold reserves at BoG
2 hours -
NACOC leadership tours drug testing centres in Accra
2 hours