According to Nasdaq, the US financial services group that operates the Nasdaq stock market, Africa is home to the world’s six fastest-growing economies of 2020 (South Sudan, Egypt, Benin, Rwanda, Ethiopia and Tanzania). However, the World Bank expects the continent’s economy to shrink 3.3% in 2020, a function of lowered domestic consumption and investment.

The drop in investment is a particular concern as it could push up to 40-million people into extreme poverty and nullify gains made over the last five years. Admittedly, trade and inward investment were limited due to Covid-19-related restriction and containment issues. ..

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