Building a new Africa, 25 May Africa day.
This year's theme of Africa Day is Arts, Culture And Heritage: Levers for Building the Africa We Want.
The celebration however comes on a backheel of a number of issues; the Covid-19 pandemic having piled up pressure on the African economy.
Only last week, Democratic Republic of Congo’s president Felix Tshisekedi who is also the current head of the African Union alongside a dozen other African heads of state, concluded a summit in Paris where they argued among other issues for an increase in the Special Drawing Rights (SDR) from 33 billion dollars to 100 billion dollars.
The SDR, used sparingly, gives member countries the possibility of "drawing" liquidity to supplement their financial reserves. But this alternative is subject to the notion of quotas, which take into account the economic strength of each part of the globe.
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