Covid-19 has strained Africa’s health systems, education,
aviation, culture, trade, and general livelihoods as well as the continent’s
public and private sectors amid lockdowns, stifling sources of income.
IMF
has revised its GDP growth forecast for the continent from 5.1 before the
pandemic to -1.6%. Similarly, the World Bank made a similar forecast that
indicates a decline from 2.4% in 2019 to between -2.1 and -5.1% in 2020.
The economic impact has been enormous and continues to bite even further.
In a
move to reposition Africa’s economy in this Covid-19 pandemic era as well as
the post-Covid-19 era, Globe Chambers of Commerce and Industry is putting up
the Asia – Africa Economic and Investment Forum 2021.
Asia-Africa Economic and
Investment Forum will be a networking point for Asian and African investors as
Globe Chambers of Commerce and Industry is proposing that the best way out of
the global economic crisis is multiple and strategic collaborations.
Hon. Nwabueze Buchi George,
the president of Globe Chambers of Commerce and Industry, in an announcement
about the event, said strategic partnership is key to global development at the
moment.
Hon. Buchi George said that
Globe Chambers of Commerce and Industry has strategically looked into what
Africa and Asia can mutually offer each other and there is a whole lot in
various sectors.
“Economically, Africa needs
to be great again and while the Covid-19 pandemic is still on, we need to put
down viable recovery plans that can be kicking off any time. 2021 is a good
time for us and we believe by then, everywhere will open up for us and other
organizations working hard to make the world a better place” Hon. Nwabueze
Buchi George said.
It will be held in Tokyo,
Japan in the year 2021.
