26 March 2020.
Even before cases of COVID-19 were reported on the continent, Africa had already faced negative impacts on its economy from reduced demand for raw materials from China, its biggest trading partner. The continent’s reliance on Chinese exports has sent the price of commodities skyrocketing. With the new travel restrictions, closure of businesses as well as the onset of extreme lockdown measures we can only predict that the situation will worsen.
But what does this mean for businesses on the continent? What can they do to soften the impact of this pandemic?
Tune into an exclusive webinar with Murega Mungai, Trading Desk Manager, for tips on how to survive the economic impact of COVID-19.