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A Systems View Across Time and Space

Table 1 Impact of COVID-19 on MSMEs financial performance

From: The role of micro, small and medium enterprises (MSMEs) to the sustainable development of sub-Saharan Africa and its challenges: a systematic review of evidence from Ethiopia

Country

% MSMEs impacted by COVID-19 (%)

% of enterprises profit/turnover/decreased

% of business reported cash flow problem (%)

Guinea

97

87% (on average by 38% profit)

85

Serra Leone

96

81% (on average by 39% profit)

71

Cote d’Ivoire

93

78% (on average by 34% turnover)

75

Uganda

100

89% (on average by 49% turnover)

73

Kenya

67

69% (on average by 40% turnover)

67

  1. Source: summarized from IFC—COVID-19 business impact series (2020)