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.
Download the full article below
© 2021 KPMG Services Proprietary Limited, a South African company with registration number 1999/012876/07 and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.