Analysis of the impact of COVID -19 Pandemic on the Business Sector in Rwanda

Daniel TWESIGE, Uzziel HATEGEKIMANA, Faustin GASHEJA, Philippe NDIKUBWIMANA, Claude NDIBWIRENDE, Alexis UWAMAHORO

Abstract


The Covid 19 pandemic that started in China in the late 2019 has turned a health crisis into an economic crisis. Many businesses across the globe have affected by the pandemic in one way or the other. This study analyses the effect of Covid 19 Pandemic on the business sector in Rwanda. A mixed research approach was employed in order to have a triangulation of different methods and data sources.  The study population comprised of 300 businesses in Kigali. Data was collected using questionnaire and desk research. Descriptive and inferential data analysis tools were employed. Results from the survey shows that micro businesses were not largely affected by the Covid 19 where as small, medium and large businesses were largely affected by the Covid 19 pandemic. Furthermore, findings indicated that Hotels, education institutions, transport, sports, and wholesale businesses were largely affected by the Covid 19 whereas retail businesses, food stores, drug stores and the agro-businesses were not much affected. Researchers recommended that financial and economic policies should be employed to businesses affected by the Covid 19 pandemic.


Keywords


Covid 19; Pandemic; Business sector; forms of business; Industry

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