Nairobi. Africa’s development bank is proposing a new ‘gold standard’ style currency arrangement backed by critical minerals such as cobalt, copper, lithium, manganese and some of the ‘rare earths’ key to the world’s energy transition and electric vehicles.
The 54-nation region, which has about 30 percent of the world’s critical minerals reserves, attracts only 3 percent of global energy investments each year and only 2 percent or $40 billion, of worldwide green investments last year, the African Development Bank said.
This is partly as a result of the continent’s volatile currency markets, said the AfDB, which is proposing a new “non circulating” currency called African Units of Account (AUA) which would be underpinned by critical mineral reserves.
Africa itself needs to double its clean energy investments to an average of $200 billion a year to both cut carbon emissions and boost vital electricity production.
Under the AfDB plan, countries would pool a pre-agreed amount of their proven critical mineral reserves and local currencies could then be converted at an agreed rate.
“The idea borrows from the Gold Standard that anchored global currency stability,” the AfDB said in a new report, without giving a timeline for introducing the currency.
The Abidjan-based development bank first floated the idea last year, but this is the first time it has laid out details.
“It further builds on the CFA-Euro peg in Francophone countries, which is backed by a pledge of external reserves,” the AfDB said, adding that a basket of critical commodities would hold its value “better than any African currency”.
There have been moves by emerging market countries to find ways of navigating the risks posed by their dependence on the dollar for trade and other transactions.
US President Donald Trump threatened on Thursday to impose 100 percent tariffs against BRICS nations if they moved to replace the dollar as their reserve currency.
The AfDB argued that the proposed new currency could help African governments attract international money into green energy projects as it would “mitigate the currency and convertibility risks”.
Revenues generated by the sale of electricity in local currencies would be paid to a designated settlement agent, which will then sell the equivalent amount of minerals to generate dollars to pay off any lenders into energy development projects.
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European Union Bans Air Tanzania Over Safety Concerns
Kampala — The European Commission added Air Tanzania to the EU Air Safety List, banning the airline from operating within European Union airspace. This decision follows the denial of Air Tanzania’s Third Country Operator (TCO) authorization by the European Union Aviation Safety Agency (EASA), citing significant safety deficiencies.
The EU Air Safety List includes airlines that fail to meet international safety standards. Commissioner Tzitzikostas emphasized the importance of passenger safety, stating: “The decision to include Air Tanzania in the EU Air Safety List underscores our unwavering commitment to ensuring the highest safety standards. We strongly urge Air Tanzania to take swift action to address these safety issues. The Commission has offered its assistance to Tanzanian authorities to enhance safety performance and achieve compliance with international aviation standards.”
Air Tanzania joins several African airlines banned from EU airspace, including carriers from Angola, the Democratic Republic of Congo, Sudan, and Kenya. Notable names include Congo Airways, Sudan Airways, and Kenyan carriers Silverstone Air Services and Skyward Express. The ban reflects the EU’s strict approach to aviation safety worldwide.
Source: allafrica.com
Tanzania Confirms Second Marburg Outbreak After WHO Chief Visit
Dar es Salaam — Tanzania’s President Samia Suluhu Hassan has declared an outbreak of Marburg virus, confirming a single case in the northwestern region of Kagera after a meeting with WHO director-general Tedros Adhanom Ghebreyesus.
The confirmation follows days of speculation about a possible outbreak in the region, after the WHO reported a number of deaths suspected to be linked to the highly infectious disease.
While Tanzania’s Ministry of Health declared last week that all suspected cases had tested negative for Marburg, the WHO called for additional testing at international reference laboratories.
“We never know when an outbreak might occur in a neighbouring nation. So we ensure infection prevention control assessments at every point of care as routine as a morning greeting at our workplaces.”Amelia Clemence, public health researcher
Subsequent laboratory tests conducted at Kagera’s Kabaile Mobile Laboratory and confirmed in Dar es Salaam identified one positive case, while 25 other suspected cases tested negative, the president told a press conference in Dodoma, in the east of the country today (Monday).
“The epicentre has now shifted to Biharamulo district of Kagera,” she told the press conference, distinguishing this outbreak from the previous one centred in Bukoba district.
Tedros said the WHO would release US$3 million from its emergencies contingency fund to support efforts to contain the outbreak.
Health authorities stepped up surveillance and deployed emergency response teams after the WHO raised the alarm about nine suspected cases in the region, including eight deaths.
The suspected cases displayed symptoms consistent with Marburg infection, including headache, high fever, diarrhoea, and haemorrhagic complications, according to the WHO’s alert to member countries on 14 January. The organisation noted a case fatality rate of 89 per cent among the suspected cases.
“We appreciate the swift attention accorded by the WHO,” Hassan said.
She said her administration immediately investigated the WHO’s alert.
“The government took several measures, including the investigation of suspected individuals and the deployment of emergency response teams,” she added.
Cross-border transmission
The emergence of this case in a region that experienced Tanzania’s first-ever Marburg outbreak in March 2023 has raised concerns about cross-border transmission, particularly following Rwanda’s recent outbreak that infected 66 people and killed 15 before being declared over in December 2024.
The situation is particularly critical given Kagera’s position as a transport hub connecting four East African nations.
Amelia Clemence, a public health researcher working in the region, says constant vigilance is required.
“We never know when an outbreak might occur in a neighbouring nation. So we ensure infection prevention control assessments at every point of care as routine as a morning greeting at our workplaces.”
The Kagera region’s ecosystem, home to fruit bats that serve as natural reservoirs for the Marburg virus, adds another layer of complexity to disease surveillance efforts.
The virus, closely related to Ebola, spreads through contact with bodily fluids and can cause severe haemorrhagic fever.
Transparency urged
Elizabeth Sanga, shadow minister of health for Tanzania’s ACT Wazalendo opposition party, says greater transparency would help guide public health measures.
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“This could have helped to guide those who are traveling to the affected region to be more vigilant and prevent the risk of further spread,” she said.
WHO regional director for Africa Matshidiso Moeti says early notification of investigation outcomes is important.
“We stand ready to support the government in its efforts to investigate and ensure that measures are in place for an effective and rapid response,” she said, noting that existing national capacities built from previous health emergencies could be quickly mobilised.
The situation coincides with leadership changes in Tanzania’s Ministry of Health, with both the chief medical officer and permanent secretary being replaced.
This piece was produced by SciDev.Net’s Sub-Saharan Africa English desk.
Source: allafrica.com
MGAO WA MAJI WAWATESA WAZANZIBARI
Wananchi wengi hasa katika maeneo ya Mjini Unguja, wanalalamikia ukosefu wa maji safi na salama huku Mamlaka ya Maji Zanzibar ikikabiliwa na changamoto ya ukosefu wa ujuzi na wataalam katika masuala ya uandisi wa Maji na fani nyengine.Continue Reading
