Africa is the second-largest continent in the world, with an estimated 1.3 billion people. Its combined Gross Domestic Product (GDP) was $2.6 trillion in 2020, and the African Development Bank (AfDB) projects a 3.4% growth rate by year-end 2021. This modest forecast might be ambitious considering the staggering effects of Covid-19 on commercial activities. It left international borders closed for much of last year, led to a significant devaluation of currencies, an estimated output loss of $115 billion, according to World Bank findings, and continues to restrict regional and international travel. Read More.
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