Shifting from reliance on commodities crucial for Africa
Continent still hamstrung by its failure to manufacture rather than remain a net importer of factory products
A little more than a month ago, economic forecasts for 2020 were mostly upbeat. Pundits raised the prospect of synchronised growth acceleration after the US-China truce, which temporarily halted the trade war between the two belligerent nations.
The International Energy Agency likewise predicted relative market stability, expecting Brent prices ring to average $55 a barrel in 2021...