newsare.net
Africa’s gross domestic product (GDP) in 2020 will likely reduce by 3 to 8 percentage points (Jayaram, K., Leke, A., et al. “Tackling COVID-19 in Africa: An unfolding health and economic crisis that demands bold action.” McKinsey & Company, April 2020)Public procurement: COVID-19’s impact for TZ gov’t contracts
Africa’s gross domestic product (GDP) in 2020 will likely reduce by 3 to 8 percentage points (Jayaram, K., Leke, A., et al. “Tackling COVID-19 in Africa: An unfolding health and economic crisis that demands bold action.” McKinsey & Company, April 2020). Public procurement—that is, the purchase of goods, services and works by governments—contributes circa 14.9 percent of GDP in Sub-Saharan Africa, according to World Bank data. Read more