Browsing: Africa 118

The largest segment of businesses are financed solely through the founders’ own funds (41 percent),
  • Inflation and high prices are the main factors negatively impacting the businesses of  Micro,Small and Medium Enterprises (MSMEs) in Africa according to the latest data from GeoPoll. 
  • The report indicates that the next biggest impacts include lingering effects of the pandemic.
  • To cope with the impacts of inflation, 36 percent of businesses owners had to chip in their personal savings to support their business.

Inflation and high prices are the main factors negatively impacting the businesses of  Micro, Small and Medium Enterprises (MSMEs) in Africa according to the latest data from GeoPoll.

The data dubbed Africa MSME Pulse Survey conducted in partnership with Africa 118 and The African Talent Company indicates that the next biggest impacts include lingering effects of the pandemic, rising exchange rates and political uncertainty. However, in Ethiopia, the tension in Tigray is creating political uncertainty more than any other factor.

"To cope with the impacts of