Symposium Posts

The coronavirus reminds us of our shared humanity, but at the same time its fallout has increased our economic inequalities. It affects and infects people, regardless of class, socio-economic status, gender, and race. At the same time, however, it reinforces inequalities among people and nations by forcing developing countries into the arms of richer nations in the West.

Enforcement of socio-economic rights in Kenya, with minimal success rate, has proven quite problematic. In almost all petitions on socio-economic rights, the government always pleads progressive realization, inadequate resources and the doctrine of separation of powers. Enforcement of socio-economic rights such as the right to adequate housing requires allocation of resources for their realization.

International law constructed along the voluntarist orthodoxy doesn’t help in the time of pandemic. It leaves the poorer at the good will of the mighty, for it largely ignores the actual power relations between states. The inter-state deals struck “voluntarily” and the policy choices thus fixed reflect the bargaining power of the States. This being the case, the international law is likely to reinforce and perpetuate inequalities, rather than being a check against the use of political power. As the post-corona crisis is likely to strike the poorest nations hardest, the bright future for some may mean dim prospects for others.

It is not the Corona Virus that brought troubles to and exposed the inadequacies of county public health services.  Before Covid-19, county governments were widely criticized for their lack of hospital beds capacity, quality of health care and the treatment of healthcare workers.  Discouraged by poor conditions of work and remuneration, and after a prolonged nationwide strike, healthcare givers left county public healthcare service in droves

Since the early 2000s, Zimbabwe has faced a tumultuous period which has seen the country go through dislocating economic challenges. These economic challenges have harmed the country’s institutions with the health sector suffering the most. Several outbreaks such as the 2008 Cholera Outbreak clearly demonstrated that the country’s health sector had all but collapsed. That has not been very different for Zimbabwe’s politics that have been dominated by two political parties Zimbabwe African National Union-Patriotic Front (ZANU PF) and the Movement for Democratic Change (MDC) who serve as the ruling party and the opposition respectively.  

African countries are very diverse in terms of their current debt situation, debt management practices and government securities markets. Debt management is, therefore, a vital component of the appropriate fiscal policy for the management of the negative impact of COVID-19 on the economy of African countries. However, debt management alone cannot solve structural problems and macroeconomic imbalances. Rather, a holistic approach including an appropriate debt level, debt restructuring, and maintenance of healthy domestic and continental forex markets can contribute to preventing sovereign insolvency despite the negative effects of this pandemic to African countries.

Financial institutions should focus on the positive opportunities and learning experiences from this pandemic and plan how they will help their member states adjust to the effects of COVID-19 and attain sustainable development thereafter. This step will be in line with the World Bank’s advice on planning for the economic recovery from COVID-19, in the bid for nations to restart their economic engines and build back stronger and better in the short term and longer term.

Corruption takes many shapes in times of crisis, improper procurement decisions is one of them. In corona times, emerging corruption trends in the health care sector are taking advantage of the greater demand for medical goods and the resource deficit. If not addressed properly, the possible consequences of corruption might echo louder than the pandemic itself in the most unequal regions of the globe, such as the Americas and Africa, particularly in countries where corruption networks had already permeated into the health care system.

The African Union Commission estimated that Africa’s gross domestic product (GDP) could shrink by up to 4.51 percent, resulting in the loss of 20 million jobs. The looming debt crisis further complicates the pandemic-induced economic shock, severely limiting governments' ability to repay their foreign loans and address the current crisis. From 2010 to 2018, the average public debt in sub-Saharan Africa increased by 40%-59% of GDP, making it the continent with the fastest-growing debt accumulation toward sovereign, private and multilateral lenders.

The suspension of operations as a result of government measures towards curbing Covid-19, should not be encouraged. Competition agencies must remain vigilant in protecting vulnerable consumers with no bargaining power from unscrupulous businesses. Further, while cartel conduct is per se illegal, it is the responsibility of the competition agencies to provide the business community with guidance on how they can operate during the crisis and at the same time comply with competition law.  Covid-19 has also proved to us that, competition agencies need to reinvent their enforcement including the adoption of digital technologies such as artificial intelligence and investing in the security and privacy concerns of the people. Integration of technology is no longer a choice.