COVID-19 causes multiple shocks to Zimbabwe's businesses: World Bank


  • World
  • Tuesday, 22 Sep 2020

HARARE, Sept. 21 (Xinhua) -- The COVID-19 pandemic caused multiple shocks to businesses in Zimbabwe, with close to 90 percent of formal businesses suspending operations for about seven weeks on average since the outbreak of the pandemic in the country in March, according to a survey by the World Bank (WB).

The impact is largest among micro and small firms in the textiles sector in Harare, and among exporters, the WB said in the survey carried out on 813 firms between June 12 and July 13.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

U.S. stocks close lower
Czech Republic records over 10,000 whooping cough cases this year
Roundup: U.S. witnesses bird flu outbreaks in poultry, dairy cows
US and allies aim to help Ukraine bolster defenses after aid gap
5 Tunisian fishermen dead after boat sank off eastern coast
Crude futures settle higher
Cargo ship fire in Dardanelles Strait halts maritime traffic
Feature: Students in UK wowed by time-honored cultural treasures of China
2 foreign tourists killed in road accident in Namibia
U.S. dollar ticks down

Others Also Read