William Attwell, Practice Leader for FrontierView’s Sub-Saharan Africa research practice, was recently interviewed by Bloomberg about Ethiopia’s response to the COVID-19 pandemic and the likely market risks facing companies there in 2020.

William sets out three main risk factors multinationals should monitor:

  • Lack of capacity: Ethiopia’s severe lack of hospital beds, healthcare professionals, and basic equipment will undermine COVID-19 treatment and increase the pandemic’s socioeconomic costs.
  • Strained public finances: Weaker government revenues and high debt servicing costs will strain public finances, making the government reliant on donors to fund health initiatives. Cutbacks could impact certain non-essential infrastructure schemes and their suppliers.
  • Heightened political risks: Frustration over delayed COVID-19 containment measures and their impact on informal business activity could inflame existing political tensions.

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