'Complete collapse of economies' ahead as Africa faces virus

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'Complete collapse of economies' ahead as Africa faces virus.

KAMPALA, Uganda -- Some of Uganda’s poorest people used to work here, on the streets of Kampala, as fruit sellers sitting on the pavement or as peddlers of everything from handkerchiefs to roasted peanuts.

With some governments saying they're unable to offer direct support, the fate of Africa’s large informal sector could be a powerful example of what experts predict will be unprecedented damage to economies in the developing world. Among the millions made jobless are casual laborers, petty traders, street vendors, mechanics, taxi operators and conductors, housekeepers and waitresses, and dealers in everything from used clothes to construction hardware.

Economies in sub-Saharan Africa are seen as especially vulnerable because many are heavily indebted and some struggle just to implement their budgets under less stressful circumstances. Further challenges exist. Rampant corruption in many African countries feeds inequality, and poor or non-existent public services stoke public anger that sometimes escalates into street protests and deadly violence.

“What am I going to eat if he stops us from working? Museveni cannot do that,” said Marius Kamusiime, who operates a passenger motorcycle. “We may have to go back to the village if this corona becomes serious."

 

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For those with little hope for future, there is no bigger message for our time than this: As we experience the birth pangs of a new era, a new civilization in the making, a World Teacher and his group -- the Masters of Wisdom -- are here to help.

True

Can we worry about AmericaFirst

The Chinese will put their slaves in Africa back to work ASAP.

The drop is not nearly as far for some as for others

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