Date And Time
Thu, 21 May 2020
15:00 – 16:00 BSTEvent description
We are bracing for a brave new world. As we continue to live through an unprecedented situation in our lifetimes, how do we navigate through the uncertainty of the impact that COVID-19 has created in our lives? Emerging is a set of “new rules”, where the principles of impact investing are going to be more important than ever.
To navigate through this economic uncertainty, Uhusiano Capital is bringing together a panel of experts in Impact Investing and Entrepreneurship to uncover how impact investors, private sector and governments are viewing this crisis in Africa. We will provide useful and practical Impact Investing and ESG tools for entrepreneurs and fund managers that are relevant now more than ever during the COVID-19 pandemic.
On the 16th of April 2020, the United Nations Economic Commission for Africa highlighted that anywhere between 300,000 and 3.3 million African lives could be lost. Commodity prices plummeted for more than 67% of Africa’s exports, during the severity of the pandemic. Petroleum oils, which account for 40% of Africa’s export and about 7.4% of the continent’s GDP, crashed by more than 50% to its lowest levels since 2003. UN ECA estimates that in the best-case scenario Africa’s average GDP growth for 2020 will fall 1.4% from 3.2% to 1.8%. In the worst case, Africa’s economy can contract up to 2.6%. Up to 19 million jobs can be lost, while 29 million people can be pushed into the extreme poverty line of USD 1.90 per day.
For more information click on the link below.