close
Share with your friends

Coronavirus May Cost Africa $4.8 Billion in Agriculture Exports

Coronavirus May Cost Africa $4.8 Billion

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

1000
Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

Contact

Also on home.kpmg

covid-africa

[09 June, Antony Squazzin, Bloomberg]

McKinsey & Co report that the Covid-19 pandemic has the potential to cost Africa as much as US$4.8 billion (approx. NZ$7.3 billion) in lost agricultural exports, and also affect the livelihoods of 10 million farmers. The consultancy firm report that disruptions to the sector include cancelled flights, closure of chocolate factories and lower demand for certain products. The outbreak may also disrupt preparations for the next planting season and hamper efforts to stop the invasion of crop-eating locusts in East Africa.

To read this week's full edition of Field Notes, please click here.

To read the full original article, please click here.
 

 

© 2020 KPMG, a New Zealand Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal