Distribution of large companies in Africa 2020, by funding request sources
Large companies in Africa resorted mainly to commercial banks for their financial solutions in 2020 in the face of the coronavirus (COVID-19) pandemic. In a survey, 60 percent of the company-respondents indicated this as their approached funding sources. Moreover, 13 percent of large-business funding requests constituted state or public sector loans. Overall, commercial banks were the major sources of funding for micro, small, medium, and large enterprises operating in the African region.
