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Saturday, December 21, 2024 | 01:15 PM ISTEN Hindi

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Africa faces complete job sector wipeout as coronavirus hits economies hard

More than half of Africa's 54 countries have imposed lockdowns, curfews, travel bans or other measures in a bid to prevent local transmission of the virus

coronavirus, market, stocks, valuation
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Ethiopian Prime Minister Abiy Ahmed has spoken of an "existential threat" to Africa's economies while seeking up to USD 150 billion from G20 nations

AP | PTI Kampala (Uganda)
Some of Uganda's poorest people used to work here, on the streets of Kampala, as fruit sellers sitting on the pavement or as peddlers of everything from handkerchiefs to roasted peanuts.

Now they're gone and no one knows when they will return, victims of a global economic crisis linked to the coronavirus that could wipe out jobs for millions across the African continent, many who live hand-to-mouth with zero savings.

"We've been through a lot on the continent. Ebola, yes, African governments took a hit, but we have not seen anything like this before," Ahunna Eziakonwa, the United Nations Development Program regional

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