Budapest International Research in Exact Sciences (BirEx Journal)
Vol 3, No 2 (2021): Budapest International Research in Exact Sciences, April

COVID-19 Pandemic: Opportunity for a True Economic and Regional Integration of Africa

Modeste Ndaba Modeawi (Faculty of Law, University of Gbado-Lite, Gbado-Lite, Democratic Republic of the Congo)
Clarisse Falanga Mawi (Faculty of Science, University of Kinshasa, Kinshasa, Democratic Republic of the Congo)
Urbain Mazo Nyante (Faculty of Law, University of Gbado-Lite, Gbado-Lite, Democratic Republic of the Congo)
Jacquie Kangu Kobe (Higher Institute of Rural Development of Mbandaka, Mbandaka, Democratic Republic of the Congo)
Ruphin Djolu Djoza (Faculty of Science, University of Gbado-Lite, Gbado-Lite, Democratic Republic of the Congo)
JP Mokombe Magbukudua (Faculty of Agricultural Sciences, University of Gbado-Lite, Gbado-Lite, Democratic Republic of the Congo)
Masengo Ashande Colette (Faculty of Science, University of Gbado-Lite, Gbado-Lite, Democratic Republic of the Congo)
Gédéon Ngiala Bongo (Faculty of Science, University of Kinshasa, Kinshasa, Democratic Republic of the Congo)
Muhammad Ridwan (Universitas Islam Sumatera Utara, Indonesia)
Koto-te-Nyiwa Ngbolua (Faculty of Science, University of Kinshasa, Kinshasa, Democratic Republic of the Congo)



Article Info

Publish Date
27 Apr 2021

Abstract

According to official sources, the coronavirus pandemic that emerged in China in December 2019 has already infected more than 17 million and killed more than 666,850 people. Less impacted than the rest of the world, the Africa continent has nearly 890,000 confirmed cases as of July 30, 2020. According to the African Bank of Development, nearly 50 million Africans will be victims of extreme poverty as a result of the coronavirus pandemic; and this, following the global economic crisis due to this pandemic. It is shown that between 2020 and 2021, Africa will lose in terms of economic income ¼ of trillion dollars and that a contraction of 3.4% of GDP would be noticed. The risk of decline is justified by the decline in oil production by the main exporting countries, notably Algeria, Nigeria and Angola; in addition to the decline in commodity prices on the world market, the volatility of global financial conditions and natural disasters. Even if some analysts believe that the effects of this pandemic are temporary on the economy of the states, it is clear to note that they are perceptible on the world economy in general. In Africa, the low rate of infection, which is 5% since the emergence of the pandemic until July 30, 2020, is a favorable opportunity for the continent to recover and accelerate the process of its economic and regional integration.

Copyrights © 2021






Journal Info

Abbrev

birex

Publisher

Subject

Agriculture, Biological Sciences & Forestry Biochemistry, Genetics & Molecular Biology Civil Engineering, Building, Construction & Architecture Physics Transportation

Description

Budapest International Research in Exact Sciences (BirEx-Journal) is a peer reviewed journal published in January, April, July, October welcome research paper in Medical Science, Agriculture Science, Biological Science, Engineering Science and other related areas and it is published in both online ...