EFG-Hermes Sees Covid-19 Pandemic Easing in Nigeria by September

EFG-Hermes Holding SAE expects the Covid-19 pandemic to start easing in Africa's largest economy by September and boost investments in food and consumer-facing industries.
 
Agriculture, digital payments, health, consumer goods, and well-capitalized banks will attract new investors and customers, Kato Mukuru, head of frontier research at the Cairo-based company said in a virtual conference on Thursday. “The good thing about Covid-19 is that it has forced new sectors to come through.”
 
A lockdown by authorities in Africa's most populous country to contain the spread of coronavirus pandemic moved the nation of 200 million people away from cash to digital payments. Also, a crash in the price of crude oil, the nation's major revenue earner, intensified effort by the Government to diversify income sources by supporting investments in agriculture and processing industries…
 
More details through:
https://www.bloomberg.com/news/articles/2020-06-25/efg-hermes-sees-covid-19-pandemic-easing-in-nigeria-by-september
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