Risks and Opportunities for the Impact of Corona Virus in Africa

Abstract

China is a major exporter of commodities to African countries, and the economic contraction in China is expected to have spillover consequences for African countries through the negative impact on African businesses that rely heavily on China for the supply of primary and intermediate raw materials. The coronavirus crisis is affecting many African countries, and the number of confirmed cases have been rising rapidly with a particularly severe situation in South Africa, Egypt, Algeria, Morocco and Cameroon.

The COVID-19 pandemic began to impact African economies heavily and destroy livelihoods Among the factors were: falling demand for Africa’s commodities; capital flight from Africa; a virtual collapse of tourism and air transport associated with lockdowns and border closures; and depreciation of local currencies as a result of a deterioration in the current account balance.

This study analyses the COVID-19discuss the pandemic which has affected the global economy has also affected the African economy through spillovers to African countries. as well as, introduce snapshot of immediate impacts of the pandemic on health, economies, peace, security, human rights and humanitarian assistance in Africa.