East Africa: COVID-19 invades banks, slows down earnings
“Banks’ performance was largely impacted by increased provision on loans and advances in the wake of increased risk of credit default associated with the COVID-19 pandemic.”
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More analysis from COVID-19 Africa Watch:
- Interview with Megan McDonald: COVID-19, African Capital Markets, and What Lies Ahead
- Interview: CBK Governor Dr. Patrick Njoroge on Kenya’s Priorities for Economic Resilience and Sustainability
- Strive Masiyiwa: “How can I say science has delivered a miracle to people who are dying?”
- A Global Warning System: Mobilizing Surveillance for Emerging Pathogens
COVID-19 Africa Watch tracks major developments and policy announcements from across the continent and also offers a curated selection of analysis on how the pandemic will impact African economies and development efforts. The site is a project of the Milken Institute’s Global Market Development Practice.
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A hub for information, analysis, and the global response to COVID-19’s impact on Africa