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The Financial Impact of Coronavirus in Sub-Saharan Africa

23/07/2020

In order to provide a more complete picture of the economic impact of COVID-19, GeoPoll has conducted a study in five countries in sub-Saharan Africa (Kenya, Nigeria, Côte D’Ivoire, Mozambique, and South Africa). The main areas GeoPoll’s study examined are:

  • Ability to work and income change since the outset of COVID-19
  • Concern over expenses and the ability to pay for basic needs
  • Usage of loans, savings, and income to pay for expenses
  • The impact of COVID-19 on loans and mobile money services
  • Receipt of aid and opinions of government priorities 

Some key callouts on the study and results: 

  • The study was conducted in Côte D'Ivoire, Kenya, Mozambique, Nigeria, and South Africa with 2,500 respondents total
  • The majority of respondents were low income before coronavirus (earned under $300 USD/month) and 48% were informal workers 
  • 60% of respondents are unable to work due to coronavirus
  • 49% of respondent's incomes have decreased a lot due to coronavirus
  • 71% of respondents are concerned more now with paying expenses than they were before coronavirus 
  • Additional findings examine ability to pay expenses, loan uptake, aid received, mobile money usage, and more. 
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