DCA Group Hosts ‘The Impact of COVID-19 on SME Financing in Africa’ WebForum

DCA WebForum Series 3 Executive Roundtable The Impact of COVID-19 on SME Financing in Africa

The COVID 19 pandemic has had and is predicted to have a strong effect on labour markets worldwide and in particular, Africa, where more than 70% of the workforce is in self-employment or works in micro, and small enterprises. This will also disrupt many existing value chains that most likely would, in turn, lead to loss of income and sharp increases in unemployment. In addition, most of the SMALL MEDIUM ENTERPRISES (SMEs) especially in the developing countries are often run by women, operate in saturated sectors in the informal economy and…

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