ECA estimates billions worth of losses in Africa due to COVID-19 impact

“The Economic Commission for Africa (ECA) on Friday warned the unfolding coronavirus crisis could seriously dent Africa’s already stagnant growth with oil exporting nations losing up to US$ $65 billion in revenues as crude oil prices continue to tumble… The ECA estimates COVID-19 could lead to Africa’s export revenues from fuels falling at around US$101 billion in 2020.”