COVID-19 has affected us all over the past year and a half. For some, the hardship has been all too personal. While others have remained healthy, COVID-19 has still changed almost everyone’s lives, in one way or another. The financial impact of COVID-19 has left repercussions even in places that had fewer outbreaks.
In Africa, the economy is still hurting from a recession brought on (at least in part) by COVID-19. When Africa’s trade partners had to slow or shut down operations during the pandemic, it had a direct and lasting effect on the African economic sector. Stagnant trade produced ripple effects, leading to lower consumption in Africa and a lower average income per capita. Coupled with lower prices of oil exports, almost no tourism, and other factors, this led to a serious blow to the African economy.
Ethernity Networks Ltd (LON:ENET) is a leading provider of networking and security software solutions on Field Programmable Gate Arrays (FPGAs), incorporated into SoCs, SmartNICs, and network appliances. Ethernity was founded in 2004 and has its technology deployed in over 600K systems worldwide, connecting over 100M end users.