Can Trade Shape Africa's Post-COVID Recovery?

Contributor(s): Teniola Tayo, Richard Kozul-Wright | The economic impacts of the COVID-19 pandemic on Africa have been severe, with formal and informal sectors affected by lockdowns, decreasing exports, disruptions to global supply chains, mounting debt and increasing levels of poverty. Fiscal responses have been unable to weather dramatic shifts in business and economic activity worldwide, with major challenges for local populations seeking employment and food security. With historic changes within the continent to the way trade is being conducted, a crucial part of Africa’s economic recovery from COVID-19 therefore hangs on what happens in this area. Will the much-hyped African Continental Free Trade Area really transform the continent’s economic prospects, or does an economic recovery depend on external actors? With a small percentage of Africa receiving vaccines to COVID-19, how can trade work to counter the challenges of supply?