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POLICY BRIEF - TRANSFORMATIVE POLICY SOLUTIONS TO SUPPORT WOMEN-LED BUSINESSES
IN AFRICA IN A POST COVID-19 WORLD

15-Jul-2020

COVID-19 is wreaking economic havoc across the world, Africa included. The
International Monetary Fund (“IMF”) reports that sub-Saharan Africa growth rate
projected at 5.2% for 2020, has taken a downturn and is now projected to
contract by -1.6%. Africa faces an economic crisis, with attendant negative
impacts on livelihoods and businesses. Small and medium sized enterprises
(“SMEs”) in Africa are being significantly affected by COVID-19. Prior to the
pandemic, most SMEs in Africa had limited financial reserves, irregular cash
flows, as well as lacked sustainable credit facilities and liquidity. COVID-19
threatens to exacerbate these unwelcomed realities and is detrimental to
Africa’s economic recovery given that Africa’s SMEs create about 80% of Africa’s
job opportunities.

https://www.afdb.org/sites/default/files/documents/publications/policy_brief_-_transformative_policy_solutions.pdf


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