Pulse #3 - Big spend on healthcare + infrastructure, AfCFTA under siege, #blacklivesmatter
The Data Room
Africa: benchmark against 5 dimensions of regional integration
A report from The African Union Commission, the United Nations Economic Commission for Africa, and the African Development Bank scored Africa’s regional integration as 0.327 out of 1. Weak regional networks of production, trade and value chains, poor planning, low levels of financing, and a lack of transparency during all stages of infrastructure projects were highlighted as challenges to overcome. Given the widely communicated potential of the free trade area, the index highlights areas of opportunity for various stakeholders to develop.
Numbers in the Spotlight
($20.5bn) is being sought by South Africa for its infrastructure program
($350 million) was raised in African tech in Q1 2020
(47.8m / 14.6%) is the estimated population of black people in USA
($17m) was raised by digital healthcare company, mPharma, in its latest funding round
Effective internal and regional security, and foreign policy
African countries joined global condemnation of the unjustified death of George Floyd in the United States. With race relations at a tipping point in the US, migrants dying on route to Europe and China state media claims that accusations of COVID-related discrimination against Africans were “groundless rumors”, many see individuals of African decent under attack globally. With Ghana putting further weight behind its Decade of African Renaissance 2020-2030 (the successor to its ‘Year of Return’ movement), the conversation around unified African foreign policy and the Continent becoming a place of safe return for African descendants across the globe has never been more poignant. #Blacklivesmatter
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