How are SSA economies preparing for a post COVID-19 environment?

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

According to the latest report by World Bank on the Sub-Sharan African (SSA) economies, many countries within the region are seizing the opportunity created by the COVID-19 crisis to accelerate long-needed structural but unpopular reforms to guarantee more sustainable fiscal positions in the near future. Herein, we highlight some of the notable reforms seen across the region.

How are SSA economies preparing for a post-COVID-19 environment?
How are SSA economies preparing for a post COVID-19 environment? www.brandspurng.com

In South Africa, the government has announced sweeping reforms to address energy shortages and reduce its dependence on the state public utility Eskom. Accordingly, private companies have been invited to submit bids to supply additional renewable energy to the grid, while municipalities can directly procure electricity from private sector renewable energy producers, thus ending the Eskom single-buyer model.

Also, Businesses (mining and other industries and commercial enterprises) are now allowed to produce electricity for their own use. In Nigeria, the government has taken important steps to eliminate its petroleum and power sector subsidy regime. Elsewhere, the Ethiopian
government continue to make progress with the deregulation of telecommunications. In May 2020, it called for Expressions of Interest for new telecommunications licenses.

Overall, we are of the view that given the tight fiscal space available to most of these countries, key but largely unpopular reforms such as the above will be critical to boosting the region’s economic recovery, especially in a post-COVID-19 environment.

- Advertisement -
How are SSA economies preparing for a post COVID-19 environment? - Brand SpurHow are SSA economies preparing for a post COVID-19 environment? - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

How are SSA economies preparing for a post COVID-19 environment? - Brand SpurHow are SSA economies preparing for a post COVID-19 environment? - Brand Spur

Latest News

M-Net Movies to launch Pop-Up Channel Dedicated to Incredible Women in March

Don't be blinded by their beauty. They are smart, strong, certainly not to be messed with. These are the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -How are SSA economies preparing for a post COVID-19 environment? - Brand SpurHow are SSA economies preparing for a post COVID-19 environment? - Brand Spur