How Africa's economies are withstanding Coronavirus

Business Daily

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How Africa's economies are withstanding Coronavirus

Business Daily

Many African countries have been praised for waging effective campaigns against coronavirus, and the region has a relatively low case count compared to Europe and the US. African economies have likewise been hit less hard, and Amandla Ooko-Ombaka of McKinsey and Company explains how a mix of a youthful population, hot climate and swift government response helped many of these economies stay resilient. But Lisa Owino, of the Kenyan human rights organisation KELIN, says in some cases government intervention over-stepped and was overly punitive to ordinary people. And Tosin Eniolorunda, founder & Chief Executive of Nigerian financial services company TeamApt says digital finance tools helped people maintain social distancing while conducting business. (Picture: Kenyans walk past a mural about the Coronavirus in Nairobi. Picture credit: Getty Images)
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Many African countries have been praised for waging effective campaigns against coronavirus, and the region has a relatively low case count compared to Europe and the US. African economies have likewise been hit less hard, and Amandla Ooko-Ombaka of McKinsey and Company explains how a mix of a youthful population, hot climate and swift government response helped many of these economies stay resilient. But Lisa Owino, of the Kenyan human rights organisation KELIN, says in some cases government intervention over-stepped and was overly punitive to ordinary people. And Tosin Eniolorunda, founder & Chief Executive of Nigerian financial services company TeamApt says digital finance tools helped people maintain social distancing while conducting business. (Picture: Kenyans walk past a mural about the Coronavirus in Nairobi. Picture credit: Getty Images)
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