Africa

AFRICA (African nations are set to see minimal or in some cases negative GDP growth in the 4th Q of 2021)

The African continent is still besieged with the COVID pandemic that will take many months to resolve. 

The two largest economies in Africa, South Africa & Nigeria have been hard hit by COVID.  South Africa has seen 2.9 + million confirmed cases of COVID & more than 90,000 deaths. Nigeria has seen close to 205,000 confirmed cases of COVID & more than 3,000 deaths.

The lengthy & shambolic rollout of vaccinations is a serious problem in many African nations that could take months to fully implement. Nevertheless we are starting to see some positive signs the COVID-19 epidemic is starting to lessen, however there remains a lot of challenges ahead in the 3 to 6 months.

South Africa is seeing a troubling new form of the COVID-19 virus which appears to be highly contagious. Many governments have banned travelers from South Africa from entering their countries. 

Unfortunately some countries in Africa lack the basic equipment or even trained health workers to respond to the COVID challenge, so the numbers of COVID cases could be questionable. 

The African construction sector is dealing with the effect of COVID-19 and is presently lessening the impact, some counties never stopped construction activities and others completely closed down, construction activities in most countries are starting to slowly move forward again as we transition into the 4th  Q of 2021.

The COVID-19 virus has been responsible for up to 50% of ongoing construction projects around the African continent to be closed down or delayed in the last 12 months, recent reports are that many of these closed down projects are starting construction activities again.

Other countries such as Egypt, Nigeria, Ethiopia & Kenya have been hard-hit & their construction sectors will labor to move ahead in the 4th Q of 2021. There are concerns that future lockdowns will bring considerable suffering for Africa’s deprived citizens, who lack basic services, without regular employment & lacking basic medical facilities to fall back on.