In 2020, companies in Africa requested funding for the purpose of factoring or debt recovery in the face of the coronavirus (COVID-19) pandemic. In a survey, it was reported that 25 percent of medium-size enterprises sought debt and factoring solutions from financial institutions, while only seven percent of large businesses requested funding for the same purpose. Overall, commercial banks were the main source of funding across companies operating in the continent in the said year.
Share of companies in Africa that requested factoring or debt recovery funding in 2020, by company size
* The source adds the following information: "The results are based on
337 responses and 210 fully completed questionnaires, with each respondent representing an enterprise that operates in 1 and/or all 54 African countries, and disaggregated as: 76 micro enterprises, 59 smallsized enterprises, 42 medium sized-enterprises and 33 large enterprises".
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International Economics. (April 30, 2020). Share of companies in Africa that requested factoring or debt recovery funding in 2020, by company size [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1250375/debt-recovery-funding-requests-in-africa-by-company-size/
International Economics. "Share of companies in Africa that requested factoring or debt recovery funding in 2020, by company size." Chart. April 30, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1250375/debt-recovery-funding-requests-in-africa-by-company-size/
International Economics. (2020). Share of companies in Africa that requested factoring or debt recovery funding in 2020, by company size. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1250375/debt-recovery-funding-requests-in-africa-by-company-size/
International Economics. "Share of Companies in Africa That Requested Factoring or Debt Recovery Funding in 2020, by Company Size." Statista, Statista Inc., 30 Apr 2020, https://www.statista.com/statistics/1250375/debt-recovery-funding-requests-in-africa-by-company-size/
International Economics, Share of companies in Africa that requested factoring or debt recovery funding in 2020, by company size Statista, https://www.statista.com/statistics/1250375/debt-recovery-funding-requests-in-africa-by-company-size/ (last visited November 21, 2024)
Share of companies in Africa that requested factoring or debt recovery funding in 2020, by company size [Graph], International Economics, April 30, 2020. [Online]. Available: https://www.statista.com/statistics/1250375/debt-recovery-funding-requests-in-africa-by-company-size/
