Impact of COVID-19 and the Russia-Ukraine Crisis on Micro Small and Medium-Sized Enterprises (MSMEs) in Southern Africa

Abstract

This regional report highlights the profound impact of the COVID-19 pandemic and the Russia-Ukraine crisis on MSMEs in Southern Africa. Addressing the identified challenges through comprehensive and targeted strategies at multiple levels is imperative. By enhancing financial accessibility, facilitating market entry, advancing technology uptake, and supporting international trade, MSMEs can bolster their resilience and drive sustainable economic growth in the region. The study utilized a mixed-methods approach, engaging both quantitative data from MSMEs and qualitative data from key informants. Surveys were conducted across 11 Southern African countries, involving 3,301 MSMEs from a range of industries, coupled with interviews and secondary data analysis. The goal was to capture a comprehensive view of the challenges faced by MSMEs, their mitigation strategies, and the overall impact on their operations.