The Effect of Covid-19 on SMEs and Entrepreneurial Resilience in Ethiopia. A Case of Nekemte Town

doi:10.7176/rhss/10-11-01

Cited by 2 publications

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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%

“…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%

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Determinants of Sustainable Growth of SMEs in Developing Countries: The Case of Ethiopia

et al. 2022

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Small and medium-sized businesses (SMEs) played a significant role in domestic employment and inclusive GDP in developing countries such as Ethiopia. Accordingly, the purpose of this study is to investigate the determinants of sustainable growth of SMEs in developing countries, notably in Ethiopia. To achieve the objectives of this study, both descriptive and explanatory research designs were used. In addition to this, primary data was collected from SMEs engaged in service, manufacturing, trade, construction, and urban agriculture. The sampling techniques used for this study is the stratified simple random sampling technique in which 194 employees of SMEs were drawn as a sample size for this study. Moreover, multiple linear regression models were used with the Statistical Package for the Social Sciences (SPSS) version 23 software as the data analysis tool. According to the study’s findings, crucial issues such as the coronavirus and political uncertainty in Ethiopia, which have allowed for widespread corruption, are now harming the growth of SMEs. According to the findings, political instability, corruption, and COVID-19 are now having a substantial effect on the growth of SMEs in Ethiopia. These concerns have serious consequences for the long-term sustainability of Ethiopian SMEs. Hence, the study strongly advocates for sequential policy reform in the region, as well as a review of current policies aimed at ensuring effective corruption control in the region and bringing political stability to the region, particularly in Ambo town, Ethiopia.

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Section: Coronavirus (Covid-19) and Its Effects On The Sustainable Gr...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Determinants of Sustainable Growth of SMEs in Developing Countries: The Case of Ethiopia

et al. 2022

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Influence of Covid-19 Pandemic on Socio-Economic Equalities among Women Owned Enterprises in Oherey Open Market in Garissa County, Kenya: A Literature Review

Abdirahman¹

2021

IJARBSS

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Kenya's Vision 2030 is pegged on the roles SMEs play in attaining the newly industrialized economic status. Similarly, Global Sustainable Development Agenda highlights the need for gender mainstreaming in achieving sustainable societies. However, women and minority groups in general are disproportionately affected during disasters. Following the Global outbreak of the Covid-19 pandemic, like normal life, businesses have been affected-small and large businesses alike. The impacts have mostly been amplified by the Covid-19 management measures of social distancing, staying at home, and restrictions on social gatherings, curfews and lockdowns among others. For businesses, the result has been a reduction in cash flows, reduction in demand and supply, lay off of workers, increased investment on Covid-19 management equipment and worst case scenarios closures. The aim of this paper was to interrogate Influence of Covid-19 Pandemic on Socio-Economic Equalities among Women Owned Enterprises in Oherey Open Market in Garissa County, Kenya. The study uses the Social Vulnerability and Feminist Political Ecology Theories in an attempt to explain study variables. This paper employed descriptive research design which provided a vivid description of how covid-19 pandemic has interfered with social economic lives of women in Oherey open market. Data analysis was done through textual analysis. Empirical review of relevant literature reveal that Covid-19 has had negative effects not only on SMEs but generally on businesses. However, women centric studies on the impact of Covid-19 remain scarce. The study recommends for financial boosts, non-financial boosts, revision of business policies and proper planning in a quest to develop pandemic resilient business establishments.

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The Effect of Covid-19 on SMEs and Entrepreneurial Resilience in Ethiopia. A Case of Nekemte Town

Cited by 2 publications

References 0 publications

Determinants of Sustainable Growth of SMEs in Developing Countries: The Case of Ethiopia

Determinants of Sustainable Growth of SMEs in Developing Countries: The Case of Ethiopia

Influence of Covid-19 Pandemic on Socio-Economic Equalities among Women Owned Enterprises in Oherey Open Market in Garissa County, Kenya: A Literature Review

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