The Socio-Economic Impact of Covid-19 on Business Enterprises in Uganda: Evidence from Micro, Small and Medium-Sized Enterprises
Lakuma, Corti Paul
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The effect of COVID-19 on MSMEs is enormous across the different episodes of COVID-19 analyzed. Some enterprises in the MSME space experienced permanent business closure because of COVID-19 and related restrictions. Direct and indirect COVID-19-related factors accounted for over 60% of the permanent business closures. The COVID-19 episodes are also characterized by intermittent business closure of complete and partial nature. The intermittent business closure rate in the first COVID-19 lockdown period was 78%, majorly driven by complete business closure (rate of 67%) - partial business closure rate was 11%.