The World Bank has projected that Sub-Saharan Africa could experience its first recession in 25 years due to the Coronavirus pandemic.
The negative projection is expected to have a damaging effect on the performance and competitiveness of most companies, with the impact varying across industries.
One of the major problems businesses are likely to face is a sizeable reduction in earnings, as most enterprises in the region have shut down in line with Extreme Social Distancing policies.
It is anticipated that the disruption will change the business world’s competitive landscape.
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