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Browsing: Service sector
The pandemic has hit the agriculture sector hard with East Africa economies slowly shift from agriculture to services as the main GDP contributor.
Early this month, the African Development Bank highlighted the impact of the COVID-19 pandemic in Africa in its African Economic Outlook 2020 Supplement Amid Covid-19 report.
According to the bank’s report, agriculture’s contribution to the African region went down from an average of 33.4 per cent at the turn of the millennium to 28.3 per cent in 2018.
This was against an increase in the service sector whose contribution to GDP rose from 44.6 per cent in the early 2000s to 53.8 per cent in 2018. This can be seen in some African countries like Seychelles whose service sector contribution to GDP is at 80 per cent, Eritrea at 67 per cent, Kenya at 60 per cent and Rwanda at 47 per cent.
According to the International …
