With oil prices at their lowest level in nearly two decades, black gold exporting countries in Africa are likely to see their currency inflows drop sharply. As a result, increased pressure on their exchange rates and public finances.

The coronavirus pandemic is also driving down demand and prices for several metals, such as zinc. And beyond raw materials, some countries, especially in North Africa, are facing a sudden drop in tourism revenues.

Finally, the proliferation of containment measures on the continent should weigh on economic activity, with the risk of recession in an increasing number of countries.

The France 24 week summary invites you to come back to the news that marked the week

I subscribe

Take international news everywhere with you! Download the France 24 app

google-play-badge_FR