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The COVID19 pandemic is taking hold in Africa, and countries are dealing with the health and economic impacts that are becoming clearer as the weeks go by. For many export-led economies, there has been a sharp decline in exports and consequently export revenues. The economic effects of the pandemic are projected to be huge. The private sector, especially small businesses, in Africa will be hard hit by this pandemic. Host Albert Zeufack, Chief Economist for the Africa Region at the World Bank, invites Dr. Arkebe Oqubay, the Senior Minister and Special Advisor to the Prime Minister of the Federal Republic of Ethiopia, to help us understand the impact of this pandemic on the private sector in Africa, and share what Ethiopia is doing to protect people, support businesses, and save jobs.
By World Bank Group5
22 ratings
The COVID19 pandemic is taking hold in Africa, and countries are dealing with the health and economic impacts that are becoming clearer as the weeks go by. For many export-led economies, there has been a sharp decline in exports and consequently export revenues. The economic effects of the pandemic are projected to be huge. The private sector, especially small businesses, in Africa will be hard hit by this pandemic. Host Albert Zeufack, Chief Economist for the Africa Region at the World Bank, invites Dr. Arkebe Oqubay, the Senior Minister and Special Advisor to the Prime Minister of the Federal Republic of Ethiopia, to help us understand the impact of this pandemic on the private sector in Africa, and share what Ethiopia is doing to protect people, support businesses, and save jobs.

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