News from 2021-07-26 / KfW Research
The African private sector in the COVID-19 crisis: impacts, responses and perspectives
The private sector will have a decisive role to play in the post-Covid-19 economic recovery and more broadly to unlock Africa's growth potential, create new employment opportunities and increase productivity. As of yet, however, the private sector has been weakened by the Covid-19 crisis as most African economies didn’t have the means to cushion the impact of the crisis and, if support was granted, the support was not only small but also failed to reach the companies. Governments must improve their measures, both in terms of scale and scope.