The immediate effect of Covid-19 for the sector has been on the demand for crude oil, and on its prices March 26, 2020/AEC African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done. While the short-term effects […]

March 25, 2020/Fitch Ratings Almost 40% of APAC corporates operate in sectors that have ‘Moderate’-to-‘High’ levels of exposure to the effects of the coronavirus outbreak, and have ‘Low’ or only ‘Moderate’ rating headroom at their current ratings, based on a review of Fitch Rating’s 316 publicly rated corporates in the […]

This blog is part of a series providing regional analysis on the effects of the coronavirus. By Karen Ongley and Abebe Aemro Selassie The growing presence of COVID‑19 in sub-Saharan Africa threatens the same human costs as elsewhere in the world. The economic costs could be just as devastating. Sweeping […]