Menu

How African Businesses Can Survive COVID-19

Even before cases of COVID-19 were reported on the continent, Africa had already faced negative impacts on its economy from reduced demand for raw materials from China, its biggest trading partner. The continent’s reliance on Chinese exports has sent the price of commodities skyrocketing. With the new travel restrictions, closure of businesses as well as the onset of extreme lockdown measures we can only predict that the situation will worsen.

But what does this mean for businesses on the continent? What can they do to soften the impact of this pandemic? 

Tune into our exclusive webinar with Murega Mungai, our Trading Desk Manager, for tips on how to survive the economic impact of COVID-19.

Murega Mungai on the impact of COVID-19 on African economies and how to mitigate the effects

WEBINAR NOTES:

  • How has economic growth been affected in Africa as a result of coronavirus? [04:01]
  • What is causing the decline in GDP and economic growth? [05:01]
  • With more cases being reported every day, what can we expect to happen next? [09:16]
  • What measures Governments are taking to abate the economic impact of COVID-19? [12:11]
  • Which countries in Africa are best placed to avoid COVID-19 impact? [13:58]
  • Are some industries better prepared for the pandemic than others? [16:20]
  • How can policymakers help cushion the blow of the virus and help support businesses? [17:45]
  • How are the agriculture and mining sectors dealing with the pandemic? [20:08]
  • Are Africa’s supply chains strong enough to survive and outlast border closures and transport lockdowns? [22:05]
  • What steps businesses can take to survive the negative effects of COVID-19. [23:06]
  • What threats are posed to credit financing? [34:21]
  • How can African startups pick up from the aftermath of COVID-19? [36:10]
  • How do you see the prospect of African startups getting funding from online community platforms? [37:47]
  • How can companies manage costs, optimize business for more profitability and stay afloat during this period? [39:31]
  • Is there a possibility of fuel shortages in the continent? [42:10]
  • What are some of the lessons that import/export-heavy countries can learn from this pandemic? [43:24]
  • What is the future for FX and payment flows and what measures have trading desks taken to counter the bearish market? [44:54]
  • What are some business opportunities that can be tapped into? [46:38]
  • Are there any client-facing opportunities for businesses? [47:55]
  • Does this pandemic present potential benefits for commodity traders? [50:01]
  • How will alternative currencies compare with fiat currencies after the pandemic? [51:20]
  • What’s the impact of the local media positioning of the crisis on businesses? [52:53]
  • What’s the balance between crisis management of social welfare and the economy? [54:07]
  • Will there be a drop off in FDI in the next two years? [56:04]
  • How can economies manage consumer demand post the pandemic? [57:33]
  • What can one invest in or hold liquidity in to avoid a shortfall in business assets and liquid cash? [59:19]
Tags

Related to this article

4_things_you_should_know_when_managing_payroll_payments_in_Africa
4 Things You Should Know When Managing Payroll Payments in Africa

Whether you’re a payroll provider, or a freelancing company in or venturing into Africa, you have probably struggled with the diverse and rapidly evolving financial

Fatimah_Gana_Mahmou_Head_of_Sales_for_West_Central_Africa_AZA_Finance_fintech_fuel_Uganda
Fintech Fuel Uganda: Improving Efficiency in Cross-Border Payments

The AZA Finance breakfast networking event “FinTech Fuel Uganda” recently brought together Uganda’s innovative startups and major corporations to discuss the future of cross-border payments.

What_it means_to_be_an_Africa_first_b2b_fintech_AZA_Finance
What it means to be an Africa-first b2b fintech

For the past ten years, we’ve been laser-focused on helping businesses across the continent create Africa’s trillion-dollar growth. By building financial infrastructure and more connections

Authority Magazine: Sukhi Srivatsan Of AZA Finance On How to Build Lasting Customer Relationships

In an interview with Authority Magazine, Sukhi Srivatsan, Head of Account Management Operations at AZA Finance, shares insights on building lasting customer relationships. Emphasising communication,

4_things_you_should_know_when_managing_payroll_payments_in_Africa
4 Things You Should Know When Managing Payroll Payments in Africa

Whether you’re a payroll provider, or a freelancing company in or venturing into Africa, you have probably struggled with the diverse and rapidly evolving financial

Fatimah_Gana_Mahmou_Head_of_Sales_for_West_Central_Africa_AZA_Finance_fintech_fuel_Uganda
Fintech Fuel Uganda: Improving Efficiency in Cross-Border Payments

The AZA Finance breakfast networking event “FinTech Fuel Uganda” recently brought together Uganda’s innovative startups and major corporations to discuss the future of cross-border payments.

What_it means_to_be_an_Africa_first_b2b_fintech_AZA_Finance
What it means to be an Africa-first b2b fintech

For the past ten years, we’ve been laser-focused on helping businesses across the continent create Africa’s trillion-dollar growth. By building financial infrastructure and more connections

Authority Magazine: Sukhi Srivatsan Of AZA Finance On How to Build Lasting Customer Relationships

In an interview with Authority Magazine, Sukhi Srivatsan, Head of Account Management Operations at AZA Finance, shares insights on building lasting customer relationships. Emphasising communication,

Forbes: Africans Don’t Need U.S. Crypto ETFs As Much As They Need African-Specific Regulation

Elizabeth Rossiello argues that Africans need clear, African-specific cryptocurrency regulations more than U.S. crypto ETFs. U.S. bitcoin ETFs have boosted bitcoin prices, driving interest in

Circle And AZA Finance Issue Paper

About the white paper AZA Finance, a pan-African fintech company, and Circle, a global digital financial technology firm and the issuer of USDC and EURC,

News & Updates

Subscribe now to our weekly African FX newsletter to get actionable insights on currencies, trading and regulations straight from AZA Finance to your inbox.
Please enable JavaScript in your browser to complete this form.
Close