Renewable energy sectors — particularly solar and wind — will play an important role in diversification.
Global prices of sunflower oil and crude oil have also been rising in the wake of Russia-Ukraine conflict that erupted on February 24.
Africa's most advanced economy is talking to the International Monetary Fund (IMF), World Bank, New Development Bank of the BRICS and African Development Bank to source funding to contribute to a $26.5 billion rescue package against Covid-19.
The entire continent's promising outlook for 2020 will have to be revised.
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