– Efforts to address structural vulnerabilities to the economic and health effects of Covid-19
– Significant private sector stimulus complemented the public response
– Despite severe economic fallout, a number of countries recorded positive growth
– Implementation of AfCFTA to support greater regional trade in the future
– Economies in the region were hit by reduced trade volumes and lower oil prices
– Governments launched extensive stimulus packages to stabilise their economies
– Short-term recovery will be tied to oil prices and the resumption of travel
– The pandemic looks set to accelerate economic diversification efforts
– Lockdowns accelerated the digital transformation in emerging economies
– ICT-based solutions facilitated remote learning and working
– Apps and digital platforms became essential to everyday life
– Digitalisation strengthened the long-term competitiveness of SMEs
What steps and measures has the LSDA put in place to limit the spread of Covid-19 and mitigate its social and economic impact?
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