RHSS 2020
DOI: 10.7176/rhss/10-11-01
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The Effect of Covid-19 on SMEs and Entrepreneurial Resilience in Ethiopia. A Case of Nekemte Town

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“…The coronavirus has already had a significant impact on economic activity in every region of the world. COVID-19 has been declared a pandemic by the World Health Organization (WHO) in May 2020, and it has become a global emergency due to its impact on the entire global population and economy (Olana 2020). The world is witnessing the closure of each business activity and the stay-at-home principle by quitting various trading directions that can significantly impact the global economy (Gerald et al 2020;Mamo 2020).…”
Section: Coronavirus (Covid-19) and Its Effects On The Sustainable Gr...mentioning
confidence: 99%
See 1 more Smart Citation
“…The coronavirus has already had a significant impact on economic activity in every region of the world. COVID-19 has been declared a pandemic by the World Health Organization (WHO) in May 2020, and it has become a global emergency due to its impact on the entire global population and economy (Olana 2020). The world is witnessing the closure of each business activity and the stay-at-home principle by quitting various trading directions that can significantly impact the global economy (Gerald et al 2020;Mamo 2020).…”
Section: Coronavirus (Covid-19) and Its Effects On The Sustainable Gr...mentioning
confidence: 99%
“…SMEs not only serve as important to creating job opportunities, but they also contribute to the country's economic growth, particularly as a catalyst for the shift to an industrialized society. SMEs are regarded as breeding grounds for the growth of major organizations (Olana 2020). According to the United Nations Industrial Development Organization, Ethiopia has the lowest new venture rates in Sub-Saharan Africa and the fewest private firms per capita (Shitaye 2022).…”
Section: Introductionmentioning
confidence: 99%