April 17, 2020
Authored by: Simon Buchler
COVID-19 has impacted nations all across the globe, but it is across Africa where experts believe the effects may be felt the hardest. Labour shortages and price fluctuations, combined with stringent government measures restricting movement and trade, are likely to have significant impacts on food security across the continent.
According to the World Bank, the COVID-19 pandemic is likely to cause:
→ The first recession for sub-Saharan Africa in 25 years → 7% decline in agricultural production → 25% decline in food imports
Many African governments may struggle to implement the financial interventions and benefit packages introduced by more developed economies. However, solutions such as opening up borders to trade of key food products, encouraging DFI support and stimulating the development of, and investment in, new Agritech businesses may help countries alleviate food shortages.
It is hopeful that these interventions will not just tackle