Africa Day (25 May) is an annual opportunity to reflect on the progress we have made in driving socio-economic growth and development. But this year, it is a more sombre occasion as we try to understand the human and economic cost of the Covid-19 pandemic.
At the time of writing, there were around 95,000 confirmed Covid-19 cases in Africa and nearly 3,000 deaths, with the numbers rising exponentially. Apart from the tragic loss of life, Covid-19 could be a serious economic setback. The IMF forecasts that Sub-Saharan Africa’s GDP for 2020 will shrink 1.6% – a 5.2% drop from earlier forecasts – and that per capita income will drop an average 3.9%.
However, let’s not allow the very real challenges of the virus overshadow the progress Africa has made.