Africa is beginning to feel the full impact of the Coronavirus (COVID-19) and plans to control and manage the humanitarian challenges of the virus are underway across the continent.
Economically, the effects have already been felt. COVID-19 has resulted in mass production shutdowns and supply chain disruptions due to port closures in China, causing global ripple effects across all economic sectors in a rare “twin supply-demand shock”. Further, outbreaks and economic impacts in other key regions, such as Europe and the United States, could affect Africa in terms of both demand for its raw materials and its access to much needed manufactured goods and components. This is leading to further uncertainty in a continent already grappling with widespread geopolitical and economic instability.
To find out more about this article please visit: https://www.cio.co.ke/some-of-the-potential-impacts-of-covid-19-on-the-tmt-sector-in-africa/