Strengthening Africa’s Best Pandemic Defense
Ensuring that the continent’s small and medium-size enterprises have access to the capital and expertise they need is critical to combating COVID-19 effectively. African-owned solutions that are adapted to local conditions and create valuable employment opportunities may be the key to mitigating the pandemic’s economic impact.
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PARIS – COVID-19 is having a devastating impact on the global economy. Like every continent, Africa has been bracing itself for a sharp economic downturn. Yet, despite the inevitable recession, the pandemic has created a unique opportunity to promote the growth of small and medium-size enterprises (SMEs) on the African continent. Indeed, empowering the continent’s SMEs could limit the pandemic’s long-term economic fallout.