AFRICA (African nations are set to see minimal or in some cases negative GDP growth in the 2nd half 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 1.5 + million confirmed cases of COVID & more than 50,000 deaths. Nigeria has seen close to 165,000 confirmed cases of COVID & more than 2,000 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 2nd 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.
It appears that South Africa is now the epicenter of the African COVID-19 virus with more than 1.5 million confirmed cases & more than 50,000 deaths. Other counties such as Egypt, Nigeria, Ethiopia & Kenya have been hard-hit & there construction sectors will labor to move ahead in the 2nd half of 2021. There are concerns that future lockdowns will bring considerable suffering for the Africa’s deprived citizen, who lack basic services, without regular employment & lacking basic medical facilities to fall back on.