COVID-19 and African Firms : Impact and Coping Strategies

COVID-19 and African Firms : Impact and Coping Strategies

Drawing on a representative survey of firms in 38 countries, eight of which are in Sub-Saharan Africa, this paper documents the impact of COVID-19 and firms’ coping strategies in Sub-Saharan Africa, benchmarking with other regions. The paper shows...

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Bibliographic Details
Main Authors: Aga, Gemechu, Maemir, Hibret
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PANDEMIC RESPONSE
ENTERPRISE SURVEY
FIRMS
COPING STRATEGY
Online Access:http://documents.worldbank.org/curated/en/200951619451183376/COVID-19-and-African-Firms-Impact-and-Coping-Strategies
http://hdl.handle.net/10986/35519
id okr-10986-35519
recordtype oai_dc
spelling okr-10986-355192022-09-20T00:09:13Z COVID-19 and African Firms : Impact and Coping Strategies Aga, Gemechu Maemir, Hibret CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE ENTERPRISE SURVEY FIRMS COPING STRATEGY Drawing on a representative survey of firms in 38 countries, eight of which are in Sub-Saharan Africa, this paper documents the impact of COVID-19 and firms’ coping strategies in Sub-Saharan Africa, benchmarking with other regions. The paper shows that the impact of the pandemic is more pronounced in Sub-Saharan Africa compared with other regions. This disproportionate impact is not explained by differences in sectoral composition and other firm characteristics, but likely by the level of development. This underscores the important economic and structural contexts that predate the pandemic in understanding the differential impact. Contrary to expectations, the findings show that businesses in Sub-Saharan Africa are more likely to adjust their operations or products and services to adapt to the shock than those in other regions. However, firms in the region lag in leveraging digital technologies, remote working, and e-commerce, compared with those in other regions. 2021-04-29T14:21:40Z 2021-04-29T14:21:40Z 2021-04 Working Paper http://documents.worldbank.org/curated/en/200951619451183376/COVID-19-and-African-Firms-Impact-and-Coping-Strategies http://hdl.handle.net/10986/35519 English Policy Research Working Paper;No. 9642 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Sub-Saharan Africa
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PANDEMIC RESPONSE
ENTERPRISE SURVEY
FIRMS
COPING STRATEGY
spellingShingle CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PANDEMIC RESPONSE
ENTERPRISE SURVEY
FIRMS
COPING STRATEGY
Aga, Gemechu
Maemir, Hibret
COVID-19 and African Firms : Impact and Coping Strategies
geographic_facet Africa
Sub-Saharan Africa
relation Policy Research Working Paper;No. 9642
description Drawing on a representative survey of firms in 38 countries, eight of which are in Sub-Saharan Africa, this paper documents the impact of COVID-19 and firms’ coping strategies in Sub-Saharan Africa, benchmarking with other regions. The paper shows that the impact of the pandemic is more pronounced in Sub-Saharan Africa compared with other regions. This disproportionate impact is not explained by differences in sectoral composition and other firm characteristics, but likely by the level of development. This underscores the important economic and structural contexts that predate the pandemic in understanding the differential impact. Contrary to expectations, the findings show that businesses in Sub-Saharan Africa are more likely to adjust their operations or products and services to adapt to the shock than those in other regions. However, firms in the region lag in leveraging digital technologies, remote working, and e-commerce, compared with those in other regions.
format Working Paper
author Aga, Gemechu
Maemir, Hibret
author_facet Aga, Gemechu
Maemir, Hibret
author_sort Aga, Gemechu
title COVID-19 and African Firms : Impact and Coping Strategies
title_short COVID-19 and African Firms : Impact and Coping Strategies
title_full COVID-19 and African Firms : Impact and Coping Strategies
title_fullStr COVID-19 and African Firms : Impact and Coping Strategies
title_full_unstemmed COVID-19 and African Firms : Impact and Coping Strategies
title_sort covid-19 and african firms : impact and coping strategies
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/200951619451183376/COVID-19-and-African-Firms-Impact-and-Coping-Strategies
http://hdl.handle.net/10986/35519
_version_ 1764483203057319936

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