IFC undertook this study to understand the impact of the COVID-19 pandemic on women-led MSMEs in 13 African countries. We also sought to appraise public- and private-sector interventions in sub-Saharan Africa, and to offer financial and non-financial solutions for financial institutions and development partners to consider. With this report, we hope to further strengthen outcomes for micro- and small enterprises, especially those led by women.
Despite challenges posed by the pandemic, over 90% of MSMEs still plan to maintain or expand their businesses over the next 6-18 months. In line with this goal, over 80% of MSMEs expressed the need for support, particularly for growth capital and expansion assistance, during the recovery.