Browsing: economies

African governments are looking for the most feasible ways for their nations to flourish in the global economy.

The practical implementation of the AfCFTA, the expanding middle class, the evolving consumer market, enhanced use of financial technology and services, and the efficiency of the vibrant private sector will all be enablers of African export diversification and long-term economic growth.…

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A photo taken by Kenyan journalist Larry Madowo on Sunday, March 15, 2020 at the JKIA. The coronavirus spread has shaken forcing Africa to close its borders.

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Economies around the world are taking a beating from Corvid-19 as aspects of their production and consumption take a nosedive.

With countries now dependent on each other for trade, sources of raw materials and labour, the coronavirus is bringing an end the approach to doing business globally as we know it. With much more connections through travel, the virus has found a way of stymying growth in several countries- including China, the epicentre of the outbreak- and many others which are still finding ways and means of addressing the challenge.

The worst-hit at this stage are those that depend on goods and services from China.

See: Intra-regional trade could create 2 million new jobs for East Africa

And while Africa is still largely safe from the ravages of the virus, many countries are already feeling the heat since they cannot procure goods from China following the lockdown and …