COVID-19 African Economies
How COVID-19 has Impacted Africa’s Wealthiest Countries by GDP
Sourced from IDG Connect Spanning 54 countries, Africa is a powerhouse in the world of natural resources and innovation. And despite the social and political issues the continent faces, there’s was no doubt that it was on track to see an abundance of opportunities to grow in the coming years – however, there was no telling what impact COVID-19 and subsequent national lockdowns would have on local GDPs. Here is a quick look at the richest countries in Africa in a COVID-19 economy: Nigeria A key component of the African economy, Nigeria has a population amounting to half of West Africa (just over 202 million). With an abundance of natural resources, it remains Africa’s number one producer in terms of GDP output, roughly $446,543 Billion at the end of 2019. The country is Africa’s large...
A Future Reimagined for African Economies Post-COVID-19
The COVID-19 pandemic has crippled African economies but also offers an opportunity to reinvent economic systems on the continent and make small businesses more resilient, says VP and Senior Director for Economic Growth at Creative Associates International’s. “We are seeing digital solutions and transformation and awareness among political and business leaders that we can do things now that maybe we didn’t even imagine before,” Creative’s Jim Winkler says. “The pandemic has woken us up.” Speaking at the Corporate Council on Africa (CCA)’s Leaders Forum, Winkler explains that traditional global supply chains were highly efficient, but also vulnerable to a shock-like COVID-19, leaving producers in Africa with no way to sell their products amid the pandemic. Winkler says an “unexpected silver...
