Free trade under the African Continental Free Trade Area commenced in January 2021. Countries agreed to remove tariffs on 90 per cent of goods, progressively liberalize trade in services and eliminate non-tariff barriers, to improve regional cohesion, create a single large African market and promote gross domestic product (GDP) growth through trade.
The purpose of this report is to analyze the impact of COVID-19 on the digital economy throughout Africa. It unpacks how the digital economy has changed, with particular attention to digital trade across sectors and regions. The intent is to provide a better understanding of Africa’s digital economy during and after the COVID-19 pandemic. This report begins by highlighting notable trends in the digital economy before and during the first half of 2020. Topics covered range from the growth of the venture capital funding in Africa to advances made in mobile and internet penetration.
The smooth flow of international trade depends entirely on the transport chain: adequate and timely supplies to manufacturers and efficient capillary distribution chains are essential ingredients of any successful business model. The recent and ongoing Coronavirus outbreak, together with the measures many countries are adopting to bring the pandemic under control, are creating significant impediments to transport systems and supply chains which are facing unprecedented challenges on a global scale.
More than one year on, the coronavirus disease of 2019 (COVID-19) pandemic continues to dominate our lives. Despite the successful development of vaccines, the end of the pandemic is not yet in sight. The number of cases continues to increase in all regions, with daily infection rates reaching new records in April. The roll-out of vaccinations has begun in many parts of the world, yet distribution and access vary greatly. This puts everyone at risk, as it allows for the virus to mutate and generate new variants.