African economics face “complete collapse” UN official warns

A general view of the usually busy Long Street in Cape Town, South Africa. EPA-EFE/NIC BOTHMA

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Economies in some parts of Africa face a “complete collapse” unless the spread of the Covid-19 pandemic is controlled, a senior UN official with responsibility for operations on the continent has said.

Up to 50% of all projected job growth in Africa will be lost as aviation, services, exports, mining, agriculture and the informal sector all take a hit, according to Ahunna Eziakonwa, the United Nations Development Program regional director for Africa.

“We will see a complete collapse of economies and livelihoods. Livelihoods will be wiped out in a way we have never seen before,” she told the Associated Press..

The UN Economic Commission for Africa has said the pandemic could seriously dent already stagnant growth in many countries, with oil-exporting nations like Nigeria and Angola losing up to $65 billion in revenue as prices fall.

Read more via AP

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