Remittances to Sub-Saharan Africa decline 23.1% due to COVID-19, says World Bank

The World Bank says remittances to Sub-Saharan Africa will decline by about 23.1% in 2020 to reach US$37 billion owing to the effects of COVID-19 which has affected the global economy. In a statement, the bank attributed the decline largely to a fall in the wages and employment of migrant workers, who tend to be …

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Remittances to Sub-Saharan Africa decline 23.1% due to COVID-19, says World Bank

The World Bank says remittances to Sub-Saharan Africa will decline by about 23.1% in 2020 to reach US$37 billion owing to the effects of COVID-19 which has affected the global economy. In a statement, the bank attributed the decline largely to a fall in the wages and employment of migrant workers, who tend to be …

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Sub-Saharan Africa’s lack of capacity could be a tipping point for COVID-19

▪ Signs of possible exponential growth in the first month in Sub-Saharan Africa ▪ 4 growth patterns established for the majority of SSA countries ▪ Perfect storm: SSA countries are at the tipping point “I’ll start by highlighting the fact that, before the COVID-19, our [Zimbabwe] health care system was already in shambles,” said Tapiwa Mungofa …

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COVID-19 to affect Zim-China trade

By Staff Writer Zimbabwe’s exports to China will this year plunge while local manufacturing firms which depend on the world’s second-largest economy for raw materials will also record low business activity due to the outbreak COVID-19, the country’s trade facilitation body has projected. In its latest update on COVID-19, ZimTrade said bilateral trade between Zimbabwe …

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COVID-19 to affect Zim-China trade

By Staff Writer Zimbabwe’s exports to China will this year plunge while local manufacturing firms which depend on the world’s second-largest economy for raw materials will also record low business activity due to the outbreak COVID-19, the country’s trade facilitation body has projected. In its latest update on COVID-19, ZimTrade said bilateral trade between Zimbabwe …

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