May 27, 2021
Kathy Gibson reports – Businesses in Africa face an unprecedented crisis as a result of Covid – as well as social and economic impacts that will be felt long after the world returns to some form of normal.
Isaah Mhlanga, chief economist at Alexander Forbes, points out that the pandemic has had a major effect on sub-Saharan Africa’s economy.
“We are still very much with Covid, particularly in Africa,” he says. “A lot of the global north has progressed well with vaccinations, but Africa does lag behind.”
Africa has seen the lowest rate of Covid-19 infections, which Mhlanga says probably indicates a lack of data and testing, but is also a result of mainly closed borders which result in less movement of people.