Sign in
  • Home
  • News
    • Defence
    • Foreign
    • Pictures
    • Africa
  • Politics
  • Business
    • Aviation
    • Capital Market
    • Coronavirus
    • Energy
    • Finance and Banking
    • Industry
    • Insurance
    • IT & Tel
    • Property
    • Transport
    • Aviation
    • Industry
    • Energy
  • Sports
    • Ronaldo
  • Entertainment
    • Scoop
  • Features
    • Special Contribution
    • Art
    • Tourism
    • Opinion
Sign in
Welcome!Log into your account
Forgot your password?
Password recovery
Recover your password
Search
6.6 C
New York
Saturday, February 27, 2021
  • Sign in / Join
  • Home
  • About
  • Advertise
  • Contact Us
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Infotrust News
  • Home
  • News
    • AllDefenceForeignPictures
      News

      Court Bars Tinubu’s Daughter, Others From Levying Computer Village Traders

      Headlines

      BREAKING: Ganduje Fires Aide, Yakasai, For Criticising Buhari

      News

      Traffic Violation: LASTMA Officials To Carry Body Cameras —GM

      News

      Abductors Release 24-year-old UI Student

    • Africa
  • Politics
    • Politics

      Leader Can Even Be Called Upon To Rule Again After Losing…

      Politics

      Governors’ Intervention Will Help Resolve Imo Crisis, Says APC

      Politics

      Imo: I Have The Strongest Political Structure – Okorocha To Uzodinma…

      News

      ‘There’s No Better Successor For Buhari Than Tinubu’

      Headlines

      Omisore Abandon SDP, Joins APC

  • Business
    • AllAviationCapital MarketCoronavirusEnergyFinance and BankingIndustryInsuranceIT & TelPropertyTransport
      Business

      Nigeria’s Level Of Borrowing Not Unreasonable – Finance Minister

      Business

      FG Attributes Exit From Recession To Fiscal, Monetary Policies

      Business

      Banks Turning Female Marketers To Sexual Slaves – Senator

      Business

      Why Petrol Price’ll Continue To Increase – Retailers

    • Aviation
    • Industry
    • Energy
  • Sports
    • AllRonaldo
      News

      COVID-19 Kills Ronaldinho’s Mother

      Headlines

      BREAKING: NPFL: Bus Carrying Wikki Tourists Players Bursts Into Flames

      Headlines

      Williams Breaks Down In Tears After Australian Open Semi-final Defeat

      Sports

      Champions League: Barcelona’s Squad To Face PSG Confirmed

  • Entertainment
    • AllScoop
      Entertainment

      Bandits: Who Is Settling Nigerian Youths Not Going Into Crime –…

      Entertainment

      Vanessa Bryant Blasts Meek Mill Over ‘Disrespectful Lyrics About Kobe Bryant’

      Entertainment

      Headies: Omah Lay Wins Next Rated As Fireboy Grabs 4 Awards…

      Entertainment

      Paternity Scandal: Shina Peter Vows To Take Care Of Funmi Martins’…

  • Features
    • AllSpecial Contribution
      Features

      Okonjo-Iweala: Africa’s Meal Ticket At WTO?

      Africa

      PhD Graduate Who Renounced His Nigerian Citizenship Expelled From South Africa

      Features

      Serving Humanity Is My Passion-Sanusi, CEO, Ilaji Hotels and Resort

      Features

      Seven Ways To Detect Hidden Camera In A Hotel Room

    • Art
      • Art

        New Afrika Shrine Karnival To Hold On Jan 17th & 18th

        Art

        Trump’s Reaction To A Nigerian Artist Painting

        Art

        A Peek Into The World Of Afro-beat: Edaoto

        Africa

        Belgian Festival Draws Criticism Over Blackface ‘Savage’ Character

        Art

        Ekiti Gov., Kayode Fayemi Kicks-Off Festivals Of Arts And Culture

    • Tourism
      • Features

        And Araba Transforms To Leopard

        Headlines

        Ekiti Tourism: 2000 Tourism Entrepreneurs, Artisans To Benefit From Sterling Bank…

        Africa

        Africa Travel Week Unveils 2021 Roadmap To Reignite Travel And Tourism…

        Features

        Five Destinations Open For South African Travellers

        Africa

        Will Stolen African Artefacts Ever Find Their Way Back Home?

    • Opinion
      • Opinion

        The Crises Of Nationhood And The Yahaya Bello Presidency: A Reminder…

        Opinion

        Hon  Gaya’s Bumper   Constituency Empowerment 

        Opinion

        Who Should Measure PR?

        Opinion

        Dissecting  Chief Of The Naval Staff Agenda For Maritime Security 

        Opinion

        Now PMB Has Replaced Service Chiefs

Home Africa Survey Reveals 95 Percent Of African Small And Medium-Sized Enterprises (SMEs) Did...
  • Africa
  • News

Survey Reveals 95 Percent Of African Small And Medium-Sized Enterprises (SMEs) Did Not Receive Government Aid During COVID-19 Pandemic

By
Au
-
December 10, 2020
Share on Facebook
Tweet on Twitter

African Union, United Nations Development Programme (UNDP) and AfriLabs worked together to create the Rollo Africa Business Simulation Programme to support SMEs and the informal sector.

Following the World Health Organization’s (WHO) declaration of the COVID-19 outbreak a global pandemic, the African Union, UNDP and AfriLabs worked together to create the Rollo Africa Business Simulation Programme to support SMEs and the informal sector in the post COVID-19 recovery process.

The simulation monitors businesses affected by the shutdown in five African countries (Egypt, Cameroon, Senegal, Sudan and Zimbabwe). The application process attempted to trace the challenges faced by small and medium-sized enterprises (SMEs), with a specific focus on how these SMEs perceive challenges in light of the COVID-19 pandemic.

Of the 490 businesses that applied to the simulation programme, the following findings emerged:

  • 60% are formal businesses
  • The average number of employees per business is 8
  • 12% have African Diaspora on their team
  • 80% employ full time employees
  • 29% are women-led businesses
  • 66% employ women on their team
  • 17% employ marginalized communities

Data from the responses revealed the major challenges faced by businesses due to the pandemic: 93 percent reported their business was heavily impacted by the pandemic and 95 percent testified they never received any government support to combat the economic downturn. The few respondents who benefitted from government aid received amounts totalling $40-$50 in local currency.

Government support, corruption, taxes and access to finance were the major challenges faced by African SMEs before the COVID-19 pandemic. After the outbreak, corruption was no longer viewed as one of the most worrying challenges for African businesses; instead, clarity of confinement measures, hours of functioning, and curfews became more challenging.

The survey also found that the most affected businesses were founded in 2019, possibly an outcome of high instability and risks associated with the first year of operations, as well as the spread of COVID-19 and associated lockdowns. The application process indicates that early stage businesses are avid users of capacity building programmes that stand to benefit from developing their capabilities and consequently growing their businesses.

The Rollo Africa Business Simulation Programme

Following a 4-week recruitment and outreach campaign, 30 businesses were shortlisted in each of the five eligible countries. The simulation uses real life policies and events to create an understanding of how SMEs, including the informal sector, make decisions during the COVID-19 outbreak. The simulation exercise will translate into understanding responses and behaviours during COVID-19, allow businesses to encapsulate the implications of different policies on the ground, and document good practices to harness these policies. The simulation is currently underway in collaboration with District spaces, Cesim in Finland, AfriLabs: Kmt house in Egypt, ActiveSpaces in Cameroon, JokkoLabs in Senegal, Savannah in Sudan, and Izone hub in Zimbabwe.

UNDP and the African Union will extract learning from the simulation exercise to provide evidence-based policy recommendations to governments on business stimulus packages.

  • TAGS
  • Cameroon
  • COVID-19
  • Egypt
  • Finland
  • Following World Health Organization (WHO)
  • Senegal
  • Sudan
  • UNDP
  • United Nations Development Programme (UNDP)
  • Zimbabwe
SHARE
Facebook
Twitter
Previous articleCannabis Review Site Weedmaps Nears $1.5 Billion Deal To Go Public – Sources
Next articleLet’s Unite And Work Together To Make Ghana Prosperous – Akufo-Addo
Au

RELATED ARTICLESMORE FROM AUTHOR

News

Court Bars Tinubu’s Daughter, Others From Levying Computer Village Traders

Headlines

BREAKING: Ganduje Fires Aide, Yakasai, For Criticising Buhari

News

Traffic Violation: LASTMA Officials To Carry Body Cameras —GM

News

Abductors Release 24-year-old UI Student

News

“My Dad Used To Work At A Fast-food Restaurant” – Davido

Business

Nigeria’s Level Of Borrowing Not Unreasonable – Finance Minister

News

OAU Postpones Post-UTME Screening, Changes Mode

News

BREAKING: Gunmen Abduct Over 300 Girls In Zamfara School

Dr Olusegun Omisore
News

Government Needs To Have an Economic Framework for Vocational Entrepreneurs

EDITOR PICKS

Court Bars Tinubu’s Daughter, Others From Levying Computer Village Traders

February 27, 2021

BREAKING: Ganduje Fires Aide, Yakasai, For Criticising Buhari

February 27, 2021

Traffic Violation: LASTMA Officials To Carry Body Cameras —GM

February 26, 2021

POPULAR POSTS

Prof Salako replaces embattled Ujah, as workers jubilate over sack of...

July 31, 2016

UK Minister for Africa Harriett Baldwin visits Zimbabwe

February 1, 2018

Egypt’s non-oil business sector activity stabilises in Jan – PMI

February 5, 2018

POPULAR CATEGORY

  • News25266
  • Headlines15319
  • Sports10196
  • Politics3795
  • Africa2462
  • Business2248
  • Entertainment1910
  • Crime1842
  • Features895
ABOUT US
InfoTrust Multimedia Limited Ikeja, Lagos.
Contact us: [email protected]
FOLLOW US
  • Home
  • About
  • Advertise
  • Contact Us
© 2019 Infotrustng.com. All Righs Reserved.
Edit with Live CSS
Save
Write CSS OR LESS and hit save. CTRL + SPACE for auto-complete.