ANKARA

Africa — the world’s second-largest and second-most-populous continent — is estimated to lose $90 billion to $200 billion in 2020, due to the novel coronavirus outbreak, according to a study released by the global auditing firm McKinsey & Company’s experts.

For 1.2 billion population, spread in 54 countries, the informal sector is major employment absorbing segment in the continent, rich in resources, but poor in their sourcing and management.

In Sub-Saharan Africa, the informal sector contributes 66% of total employment, which is classified as a set of economic activities, enterprises, and jobs, that are unregulated or not protected by

Read more: African countries facing down economic catastrophe