(4 minutes read)
· In a poll conducted by Africa.com through webinar on April
22, over 70% of participants feel that their business revenue will
decrease by more than 10% next month, while 47% indicate that their
revenue will dip by more than 25% next month.
· An equal number of participants (24%) indicated revenues to
fall by more than 50% next month.
· The sample for the cross country survey was over 1,500n drawn
from 41 countries in Africa, which was mostly businessmen of various
hues and sizes
· The largest representation , was from Nigeria, followed by
South Africa, Kenya, Ghana and Ethiopia
In a poll conducted by Africa.com through webinar on April 22, over
70% of participants feel that their business revenue will decrease by
more than 10% next month, while 47% indicate that their revenue
will dip by more than 25% next month. An equal number of participants
(24%) indicated revenues to fall by more than 50% next month. Those
who maintained the revenue to remain the same as that of the previous
month was only 20%.
The sample for the cross country survey was over 1,500n drawn from 41
countries in Africa, which was mostly businessmen of various hues and
sizes. The largest representation was from Nigeria, followed by South
Africa, Kenya, Ghana and Ethiopia. Over 60% of the participants were
CEO’s and other high ranking officials. The rest were analysts and
consultants. The participants were drawn from sectors like real
estate, healthcare, agriculture, media, arts & entertainment.
www.trendsnafrica.com carried another survey conducted by StatsSA
yesterday, which was limited to South African businesses. The results
of the survey more or less indicated the same trends. The data
accessed by www.trendsnafrica.com from the US, China, Europe, Japan
and India also conclusively revealed the gloomy outlook of
businesses cutting across geographies. The US had come out with a
package of US$2.2 trillion as the first tranche and only yesterday a
special package of US$ 494 billion was budgeted for the small and mid
size companies.
Back in the continent, South Africa has unveiled a bailout package of
R500 billion, which will be followed up by other booster doses as and
when the lockout is completely lifted. Nigeria is mobilizing resources
for a massive financial package. African Union is also in the process
of evolving a package, whereas many small African countries are
getting financial accommodation from developed world and multilateral
organizations like IMF and World Bank.
