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Browsing: UN Report
African businesses are shifting towards new technologies in response to the ongoing pandemic, according to a new report published by the United Nations Economic Commission for Africa (UNECA).
The UNECA and the International Economics Consulting Ltd jointly published the report which is the second comprehensive survey on the COVID-19 pandemic and its economic impact across Africa, according to UNECA.
The online survey was conducted from June 16 to July 20 to provide insights into the effects of the pandemic on economic activity for businesses across the region. The survey mainly identified challenges encountered by African businesses as well as their responses to mitigate the adverse impact of the pandemic.
According to the report from the survey among the top three challenges faced by African countries during the pandemic are reduced opportunities to meet new customers drop in demand for products and services, as well as lack of cash flow.
“Companies …