Driven by a combination of higher commodity prices, the relaxing of lockdowns and a recovery in global trade, Africa has had some success in overcoming the recession provoked by the coronavirus pandemic and returned to growth in 2021.
Driven by a combination of higher commodity prices, the relaxing of lockdowns and a recovery in global trade, Africa has had some success in overcoming the recession provoked by the coronavirus pandemic and returned to growth in 2021.
While Morocco was severely impacted by the pandemic, it is projected to return to positive growth in the near term.
Economic zones in Africa have had a significant impact on trade volumes across the continent, as well as on job creation and foreign direct investment inflows.
Yacine Oualid, minister of the knowledge economy and start-ups for Algeria, answered questions from Oxford Business Group (OBG) in a video interview.
A major driver of global trade, China’s economy has recently experienced a slowing of growth, giving rise to concerns about possible negative impacts on emerging markets.
As governments across West Africa prioritise their textile industries to drive post-pandemic recovery, a number of private sector initiatives are supporting the segment’s growth.
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