15th August 2024

Good morning! The WHO has declared mpox a global public health emergency once again, signalling a renewed global health concern. Namibia breaks away from South Africa's rate decisions, marking a shift in its monetary policy approach. Sudan's hopes for a cease-fire dwindle as the army skips crucial peace talks, and the Nigerian military intensifies its crackdown on illegal oil activities with a major operation in the Niger Delta.

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WHO Declares Mpox a Global Public Health Emergency

The World Health Organization (WHO) has declared mpox a global public health emergency for the second time in two years, citing a resurgence of cases worldwide. The decision comes as mpox cases, primarily affecting countries in Africa, have exceeded the WHO's threshold for emergency status. The virus, which spreads through close contact, causes symptoms similar to smallpox but is less severe. The WHO's declaration underscores the need for international coordination and resource allocation to curb the spread, particularly as some regions report rising infections and vaccine shortages.

Namibia Breaks Free from South Africa's Rate Decisions

Namibia's central bank has diverged from South Africa's interest rate decisions for the first time in a year, opting to hold its benchmark rate steady at 7.75% while South Africa recently cut rates. The decision reflects Namibia's focus on domestic economic conditions, including concerns over inflation and sluggish growth. The move signals a shift in Namibia's monetary policy independence, which traditionally aligns with South Africa due to their economic ties. Analysts believe this could be a precursor to further divergence as Namibia navigates its unique economic challenges.

Sudan Peace Talks Falter as Army Snubs Negotiations

Hopes for a cease-fire in Sudan were dashed as the Sudanese army boycotted Swiss-hosted peace talks aimed at ending the ongoing conflict. The absence of the military, which is a key player in the civil war, severely undermines the negotiations' potential for success. The talks were intended to address the humanitarian crisis and broker a temporary cease-fire, but the army's refusal to participate has stalled progress. International observers fear that without a negotiated settlement, the conflict will continue to devastate the region, exacerbating the humanitarian situation.

Nigerian Military Targets Refineries

In a significant crackdown on illegal oil activities, the Nigerian Army has destroyed 27 illicit refineries and seized large quantities of stolen crude oil in the Niger Delta. The operation is part of a broader effort by the Nigerian government to curb oil theft, which has long plagued the country’s economy. The army's actions are seen as a decisive step in addressing the security and environmental issues posed by these illegal operations. However, challenges remain in eradicating the deeply entrenched networks involved in oil theft.

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A quiet front on announcements from the continent