Covid-19 threatens nearly 20 million African jobs

Millions of lost jobs, mounting debt woes and plunging remittances are among the economic hardships African countries can expect because of the COVID-19 pandemic, the African Union said in a study published Monday.

"Nearly 20 million jobs, both in the formal and informal sectors, are threatened with destruction on the continent if the situation continues," said the study, which noted that countries relying heavily on tourism and oil production stand to be hit especially hard.