"When will this economic paralysis come to an end? I am in pain" "I will rather die from Coronavirus than die of hunger" seems to be the cry of pain after a frustrating 9 weeks of economic horror - Alero Jimoh. Lockdown fatigue and anxiety are a potent mix for social unrest. The key question therefore is "What is the alternative?"
Lafarge Africa Plc recorded an improved revenue figure of N63.6bn in Q1 2020 from N58bn in Q1 2019. This represents a growth of 9.8% YoY. The growth in earnings was driven by increase in the sales of Cement which was up by 11% while revenue from the firm's Aggregate and Concrete products dipped by 21%.
Food security in sub-Saharan Africa is under threat. The ability of many Africans to access sufficient, safe and nutritious food to meet their dietary needs has been disrupted by successive natural disasters and epidemics. Cyclones Idai and Kenneth, locust outbreaks in eastern Africa, and droughts in southern and eastern Africa are some examples.