More than 150-million jobs out of the continent's 450-million are at risk
The national lockdowns imposed on various African countries could wipe out about a third of jobs across the continent, a report by global consultancy firm McKinsey has warned.
“The lockdown measures are difficult and they need to be accompanied, in our view, with very strong communication with people so that in addition to the police or the army enforcing what's happening, that people understand because somebody they trust and believe in is telling them, and they believe themselves that it is for their benefit,” Elsie Kanza, head of the WEF in Africa, told the same conference that while the continent needs to keep...
The McKinsey report said the retail sector will face the biggest loss, with up to 6-million jobs at risk in the formal sector. Manufacturing and construction will be equally hard hit. While all sectors will suffer, some will escape the worst, he said. These include health care, information technology and communications, as well as food and the delivery of food.
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