“FDI flows to the continent are forecast to contract between 25% and 40% based on gross domestic product (GDP) growth projections as well as a range of investment specific factors, according to the UN Conference on Trade and Development’s (UNCTAD’s) World Investment Report 2020.”
“Three months after the first case of COVID-19 was detected in sub-Saharan Africa, the region has made progress in tackling the virus. Many countries implemented lockdowns and key public health measures early and these appear to have helped slow down the spread of the disease. However, there are concerns that if these measures are relaxed too quickly, COVID-19 cases could start increasing rapidly.”
“In a joint declaration, they committed to supporting access to food and nutrition for Africa’s most vulnerable; providing Africans with social safety nets; minimizing disruptions to the safe movement and transport of essential people, and to the transport and marketing of goods and services; and keeping borders open on the continent for the food and agriculture trade.”
“Meaning despite the free movement of people, goods, and services led by globalisation being the stimulus to social-economic development, it has also become a source of spreading diseases. … due to the technological development factor of globalisation, an outbreak such as COVID-19 has turned into a major pandemic disease that affected over million people around the world regardless of their geographical location..”
“The vast majority live in rural areas, and depend on agricultural production, seasonal jobs in agriculture, fishing, or pastoralism. If they become ill or constrained by restrictions on movement or activity, they will be prevented from working their land, caring for their animals, going fishing, or accessing markets to sell produce, buy food, or get seeds and supplies.”
“Economists warn that the social and economic impact of COVID-19 will be huge. Small businesses are starting to feel the heat. For example, Ms. Hassan, a food vendor, fears that the spread of the virus could kill her business.”
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