COVID-19 is increasingly wreaking havoc on the health of Nigerians, but its economic impact may well be more devastating. Before the pandemic, ... the Nigerian economy was growing at an anaemic rate of 2%. The country has also been suffering from high poverty and unemployment rates. This is paradoxical for a country endowed with humongous natural resources.
The launch of Africa’s first COVID-19 vaccine trial is a crucial step in evaluating efficacy in different settings, Shabir Madhi, the professor ... of vaccinology who is leading the trial at the University of the Witwatersrand, tells The Africa Report.
There is no question on how important cotton is to Egypt’s textile industry: it contributes to around 3% of the country’s GDP, employs 2.25 ... million- one third of its industrial labour force - to meet its demand of 180 000 tons. But after years of trade wars between US and China, and now a global pandemic, the cotton industry in Egypt will need time to recover from its losses. In this fourth part of our series on the impact of COVID-19 on Egypt, we see how its prized 'white gold' will fare.
In the second part of our series on the impact of COVID-19 on South Africa, we focus on its banking industry. South Africa’s banks are strong ... enough to withstand the pressures of COVID-19 – but the pandemic has shown the limits of their model of geographical diversification.