Africa registers a massive $29b dent to its economies, and still counting
A masked passenger at passport control in Bole International Airport in Addis Ababa on January 30, 2020, following an outbreak of coronavirus in China. PHOTO | MICHAEL TEWELDE | AFP
African countries have so far lost an estimated $29 billion to the coronavirus economic disruption, an amount equal to Uganda’s gross domestic product (GDP), according to UN estimates.
The United Nations Economic Commission for Africa (ECA) has in its latest report predicted that coronavirus will shave 1.4 per cent off Africa’s $2.1 trillion GDP, owing to widespread disruption of business on the continent and across the world.
