Economics
Muhumed Mohamed Muhumed
Abstract
The global economy has plummeted since the COVID-19 pandemic hit the world in early 2020. While the economic effect of the pandemic has been felt globally, it was grave in Sub-Saharan Africa due to the region’s fragility. This article aims to probe the economic impact of COVID-19 in Sub-Saharan ...
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The global economy has plummeted since the COVID-19 pandemic hit the world in early 2020. While the economic effect of the pandemic has been felt globally, it was grave in Sub-Saharan Africa due to the region’s fragility. This article aims to probe the economic impact of COVID-19 in Sub-Saharan Africa and while doing so, examines the effect by sector, giving specific emphasis to the most affected sectors - among these are tourism, commodity exports and trade, remittances, and financial and fiscal sectors. Moreover, the study attempts to understand how the pandemic contributed to or rather exacerbated the existing problems in the region including poverty, unemployment, and inequality. As a result of the pandemic, hard-earned economic growth has been reversed, millions have been pushed into poverty, inequality has widened, and entire sectors have collapsed or extremely crippled. Above all, the pandemic pushed Sub-Saharan Africa into the first recession in twenty-five years.
Muhumed Mohamed Muhumed; Abdiqadir Mohamoud Yonis
Volume 5, Issue 8 , August 2018, , Pages 678-692
Abstract
Livestock is considered as the largest and most crucial sector of Somaliland economy, in terms of employment and income generation. Livestock production is so paramount that it employs over 70 percent of the population and contributes 60 percent of the country’s Gross Domestic Product and 85 percent ...
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Livestock is considered as the largest and most crucial sector of Somaliland economy, in terms of employment and income generation. Livestock production is so paramount that it employs over 70 percent of the population and contributes 60 percent of the country’s Gross Domestic Product and 85 percent of the export earnings. Taking its importance into account, livestock production recently faced numerous challenges which are likely to put at risk the sustainability of livestock trade and the future of its exports. This study aims to probe the sustainability of Somaliland livestock trade and the future of its exports. It specifically examines the effect of natural environmental factors, institutional factors, competition from neighboring countries and threats originating from export destinations. Given the impact of both internal and external factors, the study finds that the sustainability of Somaliland livestock trade is in jeopardy, while the future of livestock exports is not bright.