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West, Central, and East Africa in the Twenty-First Century: Stories from Social Change

So, a little bit of cheer for the new year.

Ethiopia just announced it is freeing all political prisoners

In a surprise move, Ethiopia's leader on Wednesday announced plans to drop charges against political prisoners and close a notorious prison camp in what he called an effort to "widen the democratic space for all."

Prime Minster Hailemariam Desalegn's comments came after anti-government protests engulfed much of the restive Oromia and Amhara regions in recent months, bringing many businesses, universities and transport networks to a standstill. The protests spread into other parts of the East African country, leading to a months-long state of emergency that has since been lifted....
 
For a while now, the Chinese have been involved in various speculative building projects in Africa (and not out of the goodness of their hearts, but you know that).

In 2012, the BBC website had this piece, arguing that the new suburb of Kilamba in Angola's capital, Luanda, was a "ghost town":

Angola's Chinese-built ghost town

I've just come across a piece claiming that this former "ghost town" now has 80,000 inhabitants:

Views of suburban Luanda: banishing the ghosts from Kilamba - Africa Research Institute
 
I don't know if this goes here but maybe it should. Just learnt a bit about what is going on in Cameroon, where i think it'd be fair to say there's almost a civil war situation at the moment.
I've seen nothing of this in the news and don't really understand what's going on but the division is between english speakers ('the anglophone region') and french speakers, who include almost all of the government, administration and the military.
The situation has been getting worse for months, with many killed (government & military as well as civilians) and thousands fleeing, as various (english speaking) militant groups fight for the division of the country along linguistic lines and the government tries to keep control. This is not the positive kind of post-colonial story.
Cameroon govt ready for dialogue over Anglophone crisis – Atanga Nji in Buea | Africanews
Anglophone problem (Cameroon) - Wikipedia
 
Why Ebola crisis in DRC is unlike anything before
27/11/18
It is the worst Ebola outbreak to have struck the Democratic Republic of Congo (DRC) - and the most complex one.

Since August, authorities in the country, together with a host of partners, have been trying to contain a new outbreak of the disease in the eastern North Kivu and Ituri provinces.
As of November 21, there have been 373 suspected cases of Ebola, including 347 confirmed cases. At least 217 people have already died.

There have been 10 outbreaks of Ebola since 1976 in the DRC, which is considered among the most experienced in dealing with the virus.

The situation this time, though, is different.
The North Kivu and Ituri provinces are among the most unstable and densely populated in the country, and subject to some of the highest levels of human mobility in it.

At the same time, there are warnings that a "perfect storm" of insecurity, community resistance about vaccinations and political manipulation threatens the efforts to contain the spread of the virus.

These factors collectively make the latest outbreak unlike anything the DRC, which is scheduled to hold a crucial presidential election on December 23, has experienced before.
 
A coup d'etat appears to be underway in Gabon;

Gabon's army declares coup 'to restore democracy'

The yanks have moved in 80 soldiers prior to this, ostensibly to protect US citizens in the nearby DRC. . .

Anyway, it will be interesting to see what happens with this one. The "retirement" of Mugabe in 2017 was essentially a coup, but they tried not to call it that. . .
 
How the World Bank’s ‘pandemic bonds’ resisted Ebola
February 21, 2019. https://www. ft.com/content/c3a805de-3058-11e9-ba00-0251022932c8 (paywalled) Outline - Read & annotate without distractions
Severe disease outbreak in the DRC tests the limits of financial innovation
Two years ago the World Bank celebrated what it called “a momentous step” — an attempt to use the global bond markets to change the face of aid and development.

The Bank had just sold its first “pandemic bonds”, raising $320m from private investors, in a deal designed to help developing nations facing a serious outbreak of infectious disease. It was a way of “leveraging our capital market expertise,” said then-president Jim Yong Kim, “to serve the world’s poorest people.”

Just a year later, a severe attack of Ebola hit the Democratic Republic of Congo. So far it has claimed nearly 500 lives and become the second-largest outbreak ever recorded, according to Médecins Sans Frontières. Yet the bonds have yet to pay out a penny.

A linked emergency cash facility at the World Bank has paid the DRC more than $11m and is preparing to disburse more. But the lack of support so far from the pandemic bonds, which mature in July 2020, has prompted questions about the limits of financial innovation. The bonds’ criteria include the requirement that a disease must spread across an international border before the affected nation can receive the cash — which has so far not been the case with the DRC’s bout with Ebola.

Critics argue that such legalistic structures are not an easy fit with the world of development and charity.

“The financialisation of risks is a new avenue for the privatisation of profits and the socialisation of losses,” says Bodo Ellmers, head of policy at the European Network on Debt and Development (Eurodad). “It would be better if donors funded the necessary assistance directly.”

The pandemic bonds came in two classes: one covering diseases such as influenza, which pays investors a coupon of 6.5 per cent over Libor, and the other, which covers Ebola and other diseases, paying 11.1 per cent over Libor.

The coupons are paid by donor nations Germany and Japan. If the bonds mature without paying out, investors get their money back plus the chunky coupons.

The pandemic bonds are just one example of a wider trend: investors have also bought into vaccine bonds, while the growing market for catastrophe bonds is another example of how private finance is being tapped to replace traditional funding structures such as disaster aid.

The aim of the pandemic bonds, according to the World Bank, is to tackle social ills through private investment.

“If Anderson Cooper flies there [to a disaster zone] the international community will pass the hat, but that tends to be more recovery and reconstruction money,” says Michael Bennett, head of structured finance at the World Bank Treasury, referring to the CNN presenter. “We are targeting emergencies, trying to get money on to the ground immediately . . . transferring some of these risks to the private sector helps to increase the pool of risk-bearing capital out there.”

But Mr Bennett notes that the bank adopted a “very literal” definition of pandemic as an event which spreads beyond one country. “We were looking at things that were crossing boundaries — Sars, Mers [a respiratory virus], Zika, [a previous outbreak of] Ebola. They were the experiences we had at the back of our minds,” he says.

The Ebola bond’s biggest holder is UK fund manager Baillie Gifford, according to Bloomberg data. Baillie Gifford declined to comment on its rationale for buying the bond when contacted by the FT.

Stone Ridge Asset Management, a New York hedge fund also listed by Bloomberg as an Ebola bondholder, was unavailable for comment.

Heidi Crebo-Rediker, a former US State Department chief economist and an adjunct fellow at the Council on Foreign Relations, who runs advisory firm International Capital Strategies, says she is “not concerned” about the use of capital market instruments to raise aid finance.

“If there is, in fact, a particular constraint in the case of the pandemic bond then it does not reflect poorly on the principle of using the capital markets, but it is a factor that needs to be taken into account when designing future financing structures,” she says.

Bonds are a useful way of financing aid because their proceeds can be used as a “pre-funded facility” for emergencies in which “you need the money immediately”, Ms Crebo-Rediker argues.

The World Bank itself thinks there is real scope to expand the concept. Pandemic bonds could help create a private market in insuring emerging economies against medical risks, according to Mukesh Chawla, the World Bank’s pandemic emergency facility co-ordinator.

“If we can bring private money into play and keep improving [the bond structure] and make it easy and profitable for countries to buy the insurance, then that may be a process [by which] countries can self-cover as time goes by, rather than relying on donor assistance,” Mr Chawla says.

But for now at least, some are sceptical.

Tim Jones, policy officer at the Jubilee Debt Campaign, an advocacy group, argues that the capital markets “insist on such large premiums and coupon payments and tight conditions . . . to reduce the actual risk they are taking on,” he says.
 
Growth of African cities:
20101211_WOC969_0.gif
Did someone say "urbanization in Africa"?


Good wee listicle, that one. I will have more to comment on it in the near future.
 
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