Most entrepreneurs who took part in AMI’s Covid-19 business survival boot camps, with Business Day, say a single, small loan could mean survival
A staggering 87% of small businesses in Africa fear they may not survive the Covid-19 crisis, a recent survey of entrepreneurs by training consultancy the African Management Institute shows.
Latest figures from the World Travel & Tourism Council , the global industry association, show that the sector is losing a million jobs a day across the world. In Africa alone, 7.6-million jobs are expected to be lost, while total GDP loss could be close to $53bn Of the entrepreneurs who participated in AMI’s Covid-19 business survival boot camps, 87% said they were worried about surviving the current crisis, while 67% said their businesses have been hit hard since the introduction of social-distancing, lockdowns, and curfews on the continent.Almost 2,500 businesses from more than 40 countries across Africa have registered for the boot camps.
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