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UPDATE 6-Zambia will miss Eurobond payment, setting stage for default

UPDATE 6-Zambia will miss Eurobond payment, setting stage for default
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Vaccine shortage crushes Africa s hopes for an economic revival

This should have been a promising year for Africa. Instead, a lack of access to vaccines threatens to make things worse. After decades of progress in the continent’s fight against poverty, Covid-19 plunged 30-million Africans into “extreme poverty” last year—meaning they live on less than $1.90 a day. As many as 39-million more could follow in 2021, according to the African Development Bank. In the sub-Saharan region, per capita income in absolute terms fell to levels last seen almost a decade ago.

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