Africa suffered its worst recession in more than 50 years in 2020 due to the COVID-19 pandemic，leading to the combination of demand and supply side shocks across multiple sectors. Under this backdrop，external capital inflows to Africa plummeted，poverty and unemployment deteriorated，government debt rise to high level. Under the adverse impacts of the pandemic，African macroeconomic fundamentals have been eroded，weakening the endogenous growth momentum. The COVID-19 pandemic has derailed African development from its previous trajectory. The projected economic recovery in Africa is subdued in 2021. For Africa，the adverse effects of the pandemic will last for some years and possibly slow down the achievement of the United Nations’ “2030 Agenda for Sustainable Development Goals” and the African Union’s “Agenda 2063”.