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Charting the Path for Africa Under COVID-19: Induced Uncertainties

#economy
#covid-19
#economic risk
#economy and policy
As the pandemic rages, and nations, corporations and individuals struggle to cope, we must pause to think of what it all means for Africa (Jayaram et al. 2020; ECA, 2020). We must sift through the debris to see if it left a compass that can point the way to a better future. We all too often forget that in the midst of a tragedy, a road map can emerge. Furthermore, for a continent like Africa caught in a trap of deprivation, the kind of disruption inflicted by the COVID-19 pandemic offers it an opportunity to pull away to a more economically sustainable future. Uncertainty is not new to Africa, given its level of development. The globalization of uncertainty, wreaked by COVID-19, may well be the disruption Africa needs to leapfrog in its development journey. The topic of my speech today, which is also the theme of this conference, ‘Charting a Path Through Uncertainty’, gives us an opportunity to explore this thesis.

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