East African businesses in the tourism sector registered a loss of 92 percent in cash flow in the first months of 2020. The industry was strongly affected by the COVID-19 pandemic, which led to measures such as curfews and the closure of airports and borders. Logistics and retail were also hit by the coronavirus outbreak, with reductions of 75 percent and 63 percent in cash flow, respectively. By contrast, pharmaceutical businesses registered no loss.
Average reduction of cash flow in East African businesses as of 2020, by sector
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Share of cash flow reduction
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East African Business Council. (April 27, 2020). Average reduction of cash flow in East African businesses as of 2020, by sector [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1189788/reduction-of-cash-flow-in-east-african-businesses-by-sector/
East African Business Council. "Average reduction of cash flow in East African businesses as of 2020, by sector." Chart. April 27, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1189788/reduction-of-cash-flow-in-east-african-businesses-by-sector/
East African Business Council. (2020). Average reduction of cash flow in East African businesses as of 2020, by sector. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1189788/reduction-of-cash-flow-in-east-african-businesses-by-sector/
East African Business Council. "Average Reduction of Cash Flow in East African Businesses as of 2020, by Sector." Statista, Statista Inc., 27 Apr 2020, https://www.statista.com/statistics/1189788/reduction-of-cash-flow-in-east-african-businesses-by-sector/
East African Business Council, Average reduction of cash flow in East African businesses as of 2020, by sector Statista, https://www.statista.com/statistics/1189788/reduction-of-cash-flow-in-east-african-businesses-by-sector/ (last visited July 22, 2024)
Average reduction of cash flow in East African businesses as of 2020, by sector [Graph], East African Business Council, April 27, 2020. [Online]. Available: https://www.statista.com/statistics/1189788/reduction-of-cash-flow-in-east-african-businesses-by-sector/
