According to a study conducted between February and March 2021, 53 percent of the African businesses operating in the service sector that took part in the survey faced a drop in the demand of the products and services they provide. The same share of companies reported reduced opportunities to meet new customers during the coronavirus (COVID-19) pandemic. The lack of operational cash flow represented a challenge for 36 percent of the respondents.
Main challenges faced by businesses in the service sector during the coronavirus (COVID-19) pandemic in Africa as of March 2021
Characteristic
Share of businesses
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International Economics. (April 29, 2021). Main challenges faced by businesses in the service sector during the coronavirus (COVID-19) pandemic in Africa as of March 2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1232690/main-challenges-for-companies-in-service-sector-during-covid-19-in-africa/
International Economics. "Main challenges faced by businesses in the service sector during the coronavirus (COVID-19) pandemic in Africa as of March 2021." Chart. April 29, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1232690/main-challenges-for-companies-in-service-sector-during-covid-19-in-africa/
International Economics. (2021). Main challenges faced by businesses in the service sector during the coronavirus (COVID-19) pandemic in Africa as of March 2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1232690/main-challenges-for-companies-in-service-sector-during-covid-19-in-africa/
International Economics. "Main Challenges Faced by Businesses in The Service Sector during The Coronavirus (Covid-19) Pandemic in Africa as of March 2021." Statista, Statista Inc., 29 Apr 2021, https://www.statista.com/statistics/1232690/main-challenges-for-companies-in-service-sector-during-covid-19-in-africa/
International Economics, Main challenges faced by businesses in the service sector during the coronavirus (COVID-19) pandemic in Africa as of March 2021 Statista, https://www.statista.com/statistics/1232690/main-challenges-for-companies-in-service-sector-during-covid-19-in-africa/ (last visited July 22, 2024)
Main challenges faced by businesses in the service sector during the coronavirus (COVID-19) pandemic in Africa as of March 2021 [Graph], International Economics, April 29, 2021. [Online]. Available: https://www.statista.com/statistics/1232690/main-challenges-for-companies-in-service-sector-during-covid-19-in-africa/