The pandemic’s economic effects will dominate much of the coming year for businesses in Nigeria after the country entered another in November 2020. Companies will continue to have to navigate the complexities of Nigeria, but the rewards can be well worth the risks.
Motivated by the need to solve challenges in many markets, African tech has eased the disruption caused by COVID-19 and many projects will continue after the pandemic, providing opportunities in the sector in 2021.
Political and security risks will rise as Zambia heads to another tight election in August. Questions over the legitimacy of President Edgar Lungu’s election victories have dogged his time in office and another win with claims of irregularities would further complicate the business environment.
The ongoing security crisis in the Tigray regional state has hit the optimism that surrounded Ethiopia’s economic and political growth trajectory in 2021. Prime Minister Abiy Ahmed’s navigation of domestic security and political concerns will have an affect on his economic reform agenda.