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The outbreak of the COVID-19 pandemic found Africa ill-prepared to deal with its economy as containing it was a major challenge.  The health care system is not adequately invested which pose as a limitation. Fiscal space for safety nets to enhance the effects particularly for low income earners who had no idea how they will survive a possible lockdown made it even more difficult. The successful implementation of proper measures to alleviate the effects of the pandemic will make the economic growth of Sub-Saharan Africa which is made up of 46 out of the 54 African countries in the continent of Africa to decline from 2.4% in 2019 to between -2.1% and -5.1% in 2020. From 2015 to 2017, $760 billion in current prices was the averaged attained by Africa to the rest of the world, with shares of export ranging from 80% to 90% in 2000 to 2017 in Africa’s total trade with Oceania as the only other region with a higher export dependence. The pandemic has greatly affected the key to Africa’s economy- trade and value chains due to the rare twin supply demand shock.

Adapting measures to eliminate this pandemic in Africa and preventing any future limitation is of great importance. The pandemic has proven that food and health care should be treated with utmost importance. Therefore, with the rich agricultural resources Africa is blessed with, they should improve on efficiency, infrastructure and agro processing capacity while strengthening the health sector to better accommodate future crisis with the support of development partners. Digital transformation should be embraced to transform services and businesses by adding more power to the educational system. By strengthening intra-regional trade and starting the African Continental Free Trade Area (AfCFTA) which is made up of 25 countries now, and spreading international trade agreements, Africa will be putting a strong foundation in the event of a future crisis. Africa’s trade will gradually recover.

 

https://blogs.worldbank.org/africacan/how-will-covid-19-impact-africas-trade-and-market-opportunities

 

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