Impact of COVID-19 on Africa Economy Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

Posted July 7, 2020 by larebomrglobal

Impact of COVID-19 on Africa Economy, Deviation & Trends Analysis Report, By Vertical and Forecast 2019-2025

Africa is the second-largest continent by population and area globally. As per the International Monetary Fund, the GDP of the region was nearly $2.4 trillion in 2019. The region showed a growth of 3.2% in 2019 as compared to 3.4% in 2018. Earlier to the pandemic, the IMF has projected a growth of 3.8% of the region for 2020. The cases related to pandemic were comparatively less in the region. Till 11th April 2020, around 13,500 cases and 700 fatalities were registered in the region. However, as per the WHO, some countries in Africa could witness considerable growth in COVID-19 cases in the near future. The WHO has advised the African countries to increase their COVID-19 testing capacity.

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Any country of Africa has not been affected similarly to the US, China, or a European country due to coronavirus, however; considerable increment in the number of infected people has been witnessed in the region in March 2020. South Africa, the largest economy of Africa has witnessed most cases due to the COVID-19 pandemic. More than 2,000 cases were registered in the region with 24 fatalities by 11th April. Egypt, Algeria, Morocco, Cameroon, Tunisia also witnessed significant cases due to the pandemic.

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Market Segmentation
• Energy
• Healthcare
• Retail & E-commerce
• Agribusiness and Food
• Aviation
• Construction
• Manufacturing
• Travel and Tourism
• Others (Electronics, ICT, Automotive)

Regional Analysis

• South Africa
• Egypt
• Nigeria
• Algeria
• Morocco
• Angola
• Rest of Africa

Companies Profile

• EGYPTAIR Holding Co.
• Ethiopian Airlines Group
• Sonangol EP Exxon Mobil Corp. (MPN & EEPNL)
• Marriott International Inc.
• Massmart Holdings Ltd.
• Mobil Producing Nigeria Unlimited (MPN)
• Royal Air Maroc
• Sasol Ltd.
• Shell Petroleum Development Company of Nigeria Ltd.
• Shoprite Holdings Ltd.
• Steinhoff International Holdings NV
• The Bidvest Group Ltd.
• Tsogo Sun Hotels Ltd.

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Tags Impact of COVID-19 on Africa Economy , Pharmaceuticals , healthcare market
Last Updated July 7, 2020