Governments and businesses in SSA were not prepared for a disruption of this magnitude and are now actively making plans, and formulating policies to survive the pandemic.
As a result of the outbreak of COVID-19 and ongoing full/partial lockdown in key markets, subSaharan Africa (“SSA”) has suffered a general economic slow down characterised by supply chain disruptions, weakening demand for non-essential items and production shut downs.
Expectedly, governments and businesses in SSA were not prepared for a disruption of this magnitude and are now actively making plans and formulating policies to survive the pandemic. Similarly, investors are reevaluating the increased investment risks to ensure adequate pricing during this period.
In this document, we take a critical look at the impact of COVID-19 on key economies in SSA, primarily Nigeria, South Africa and Kenya, representing economic conditions in West, South and East Africa respectively, including the resulting impact on key parameters considered for investment valuation purposes.
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