Africa Post-COVID-19
How to Forge an Inclusive Economic Recovery in Africa
Sourced from Redbubble and iStock. The spread of COVID-19 in many African countries has been more contained than some had expected in 2020. Experts have predicted that the economic fallout of the pandemic for Africans, however, will be different and direr than for the rest of the world. The reason is that Sub-Saharan Africa accounts for more than half of the world’s populations living at or below the poverty line. A recent World Bank scenario estimates that COVID-19 could push up to 40 million people in Sub-Saharan Africa into extreme poverty, seriously eroding the progress that African countries have made to reduce deprivation during the past two decades. Africa’s economic recovery from the COVID-19 crisis depends on how effectively governments will be able to balance urgent actions to st...
A Future Reimagined for Africa Post-Pandemic
Sourced from Redbubble and iStock. In a rare television broadcast Angela Merkel, the German chancellor, described the COVID-19 pandemic as “Germany’s biggest challenge since the Second World War”. It has indeed proved to be a crisis of global proportion with material implications for the economies and livelihoods of all. Governments across the globe have locked down cities, towns, villages and townships to curb the spread of the virus. Massive fiscal stimuli have been enacted to cushion the economic and humanitarian impact of the pandemic. The World Bank and International Monetary Fund have set aside a large quantum of emergency financial support for countries to tap into. African countries have implemented strong containment measures to avoid further spread of COVID-19. For countries in W...
