Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia

Tefera Eshete Kebede

doi:doi:10.11648/j.eco.20221101.13

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Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia

Tefera Eshete Kebede

Published in Economics (Volume 11, Issue 1)

Received: 5 October 2021 Accepted: 27 January 2022 Published: 16 February 2022

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Abstract

Unemployment is rising in Africa due to inefficient economic performance; rural –urban migration as well as the speeding up poverty. Ethiopia is not exceptional in facing by such daunting unemployment and poverty and its resultant effect at both the rural and urban areas. Government envisaged and implemented national economic policies and programs, for instance, micro and small enterprise and technical and vocational training programs that boost local and small business growth in the urban areas. Micro and small enterprise particularly local and small business activities created vast job opportunities in cities in Amhara regional state, specific to South Wollo and Oromiya administration Zone, Ethiopia. However, local and small business were in fact triggered and faced by adverse factors, COVID-19 was prevalently affecting their monthly sale, saving, expenditure and overall activities. Along with this, this study pinpointed the effect of COVID-19 on the local and small businesses activities in Kemissie, Dessie, Kombolecha and Haik. In pursuit of it, this study employed a descriptive type of research design using cross sectional surveyed data. In pursuit of this, binary logistic regression model and stata software 14 version was used to determine significant effect of COVID-19 on local and small business. Along with this, this study, identified that COVID-19 was influenced the local and small business owner’s income; saving and expenditure. Moreover, lack of loan without collateral and working area were significantly affecting local and small business activities besides to the COVID-19 lockdown. This, study, therefore, suggest to whom it may concern to subsidies and deliver loan without collateral; entrepreneurial and client handling training, working areas for local and small business that will have help of resilienting from the effect of COVID-19 pandemic and the rising inflation effect in the study area and at large in Amhara region, Ethiopia.

Published in	Economics (Volume 11, Issue 1)
DOI	10.11648/j.eco.20221101.13
Page(s)	18-30
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

COVID-19, Local and Small Business, Resiliency

References

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[3]	Slotnick, D. (2020). Business Insider France. Retrieved from https://www.businessinsider.fr/us/coronavirus-airlines-that-failedbankrupt-covid19-pandemic-2020-3.
[4]	United Nations (2020). Shared Responsibility, Global Solidarity: Responding to the socio-economic impacts of COVID-19. United Nations.
[5]	BFA Global. COVID-19 and Your Finances Seven Country Survey.
[6]	WHO, 2020: World Health Organization (WHO) “global emergency on 30^th January 2020.
[7]	Mason, C. (2020). “The Coronavirus Economic Crisis: Its Impact on Venture Capital and High Growth Enterprises.” The Joint Research Centre of the European Commission.
[8]	WHO (2019). Archived: WHO Timeline – COVID-19 https://www.who.int/news-room/detail/2906-2020-covidtimeline.
[9]	USAID (2020). Business Resilience Analysis COVID-19.
[10]	Morelix, A. (2020). The Impact of COVID-19 on Global Startup Ecosystems: Global Startup Survey. Second Installment. Startup Genome.
[11]	Duke CASE i3’s Covid Cap database, available at https://www.covidcap.com.
[12]	Africa Arena (2020). The State of Tech Innovation in Africa 2020.
[13]	ILO, 2020. South Africa records 77 new COVID-19 deaths and 1 861 more infections. September. https://www.iol.co.za/news/south-africa/westerncape/south-africa-records-77-new-COVID-19-deaths-and-1-861-moreinfections-b0ab8371-9175-42bd-b390-7982f983c024.
[14]	Gujurati, 2004: Basic Econometrics, Third Edition. New York: Mcgraw-Hill.
[15]	Parilla, J., Liu, S., & Whitehead, B. (2020). “How local leaders can stave off a small business collapse from COVID-19.” Brookings Institution.
[16]	Technoserve (2020). The Coronavirus and Entrepreneurs in the Developing World: Learning to Support Businesses in Crisis.
[17]	Technoserve (2020). Supporting Entrepreneurs with Digital Tools: How to Make Remote Learning Impactful.

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Tefera Eshete Kebede. (2022). Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia. Economics, 11(1), 18-30. https://doi.org/10.11648/j.eco.20221101.13

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Tefera Eshete Kebede. Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia. Economics. 2022, 11(1), 18-30. doi: 10.11648/j.eco.20221101.13

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AMA Style

Tefera Eshete Kebede. Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia. Economics. 2022;11(1):18-30. doi: 10.11648/j.eco.20221101.13

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@article{10.11648/j.eco.20221101.13,
  author = {Tefera Eshete Kebede},
  title = {Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia},
  journal = {Economics},
  volume = {11},
  number = {1},
  pages = {18-30},
  doi = {10.11648/j.eco.20221101.13},
  url = {https://doi.org/10.11648/j.eco.20221101.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20221101.13},
  abstract = {Unemployment is rising in Africa due to inefficient economic performance; rural –urban migration as well as the speeding up poverty. Ethiopia is not exceptional in facing by such daunting unemployment and poverty and its resultant effect at both the rural and urban areas. Government envisaged and implemented national economic policies and programs, for instance, micro and small enterprise and technical and vocational training programs that boost local and small business growth in the urban areas. Micro and small enterprise particularly local and small business activities created vast job opportunities in cities in Amhara regional state, specific to South Wollo and Oromiya administration Zone, Ethiopia. However, local and small business were in fact triggered and faced by adverse factors, COVID-19 was prevalently affecting their monthly sale, saving, expenditure and overall activities. Along with this, this study pinpointed the effect of COVID-19 on the local and small businesses activities in Kemissie, Dessie, Kombolecha and Haik. In pursuit of it, this study employed a descriptive type of research design using cross sectional surveyed data. In pursuit of this, binary logistic regression model and stata software 14 version was used to determine significant effect of COVID-19 on local and small business. Along with this, this study, identified that COVID-19 was influenced the local and small business owner’s income; saving and expenditure. Moreover, lack of loan without collateral and working area were significantly affecting local and small business activities besides to the COVID-19 lockdown. This, study, therefore, suggest to whom it may concern to subsidies and deliver loan without collateral; entrepreneurial and client handling training, working areas for local and small business that will have help of resilienting from the effect of COVID-19 pandemic and the rising inflation effect in the study area and at large in Amhara region, Ethiopia.},
 year = {2022}
}

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TY  - JOUR
T1  - Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia
AU  - Tefera Eshete Kebede
Y1  - 2022/02/16
PY  - 2022
N1  - https://doi.org/10.11648/j.eco.20221101.13
DO  - 10.11648/j.eco.20221101.13
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 18
EP  - 30
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20221101.13
AB  - Unemployment is rising in Africa due to inefficient economic performance; rural –urban migration as well as the speeding up poverty. Ethiopia is not exceptional in facing by such daunting unemployment and poverty and its resultant effect at both the rural and urban areas. Government envisaged and implemented national economic policies and programs, for instance, micro and small enterprise and technical and vocational training programs that boost local and small business growth in the urban areas. Micro and small enterprise particularly local and small business activities created vast job opportunities in cities in Amhara regional state, specific to South Wollo and Oromiya administration Zone, Ethiopia. However, local and small business were in fact triggered and faced by adverse factors, COVID-19 was prevalently affecting their monthly sale, saving, expenditure and overall activities. Along with this, this study pinpointed the effect of COVID-19 on the local and small businesses activities in Kemissie, Dessie, Kombolecha and Haik. In pursuit of it, this study employed a descriptive type of research design using cross sectional surveyed data. In pursuit of this, binary logistic regression model and stata software 14 version was used to determine significant effect of COVID-19 on local and small business. Along with this, this study, identified that COVID-19 was influenced the local and small business owner’s income; saving and expenditure. Moreover, lack of loan without collateral and working area were significantly affecting local and small business activities besides to the COVID-19 lockdown. This, study, therefore, suggest to whom it may concern to subsidies and deliver loan without collateral; entrepreneurial and client handling training, working areas for local and small business that will have help of resilienting from the effect of COVID-19 pandemic and the rising inflation effect in the study area and at large in Amhara region, Ethiopia.
VL  - 11
IS  - 1
ER  -

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Author Information

Tefera Eshete Kebede

College of Business & Economics, Wollo University, Dessie, Ethiopia

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Tefera Eshete Kebede. (2022). Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia. Economics, 11(1), 18-30. https://doi.org/10.11648/j.eco.20221101.13

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ACS Style

Tefera Eshete Kebede. Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia. Economics. 2022, 11(1), 18-30. doi: 10.11648/j.eco.20221101.13

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AMA Style

Tefera Eshete Kebede. Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia. Economics. 2022;11(1):18-30. doi: 10.11648/j.eco.20221101.13

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@article{10.11648/j.eco.20221101.13,
  author = {Tefera Eshete Kebede},
  title = {Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia},
  journal = {Economics},
  volume = {11},
  number = {1},
  pages = {18-30},
  doi = {10.11648/j.eco.20221101.13},
  url = {https://doi.org/10.11648/j.eco.20221101.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20221101.13},
  abstract = {Unemployment is rising in Africa due to inefficient economic performance; rural –urban migration as well as the speeding up poverty. Ethiopia is not exceptional in facing by such daunting unemployment and poverty and its resultant effect at both the rural and urban areas. Government envisaged and implemented national economic policies and programs, for instance, micro and small enterprise and technical and vocational training programs that boost local and small business growth in the urban areas. Micro and small enterprise particularly local and small business activities created vast job opportunities in cities in Amhara regional state, specific to South Wollo and Oromiya administration Zone, Ethiopia. However, local and small business were in fact triggered and faced by adverse factors, COVID-19 was prevalently affecting their monthly sale, saving, expenditure and overall activities. Along with this, this study pinpointed the effect of COVID-19 on the local and small businesses activities in Kemissie, Dessie, Kombolecha and Haik. In pursuit of it, this study employed a descriptive type of research design using cross sectional surveyed data. In pursuit of this, binary logistic regression model and stata software 14 version was used to determine significant effect of COVID-19 on local and small business. Along with this, this study, identified that COVID-19 was influenced the local and small business owner’s income; saving and expenditure. Moreover, lack of loan without collateral and working area were significantly affecting local and small business activities besides to the COVID-19 lockdown. This, study, therefore, suggest to whom it may concern to subsidies and deliver loan without collateral; entrepreneurial and client handling training, working areas for local and small business that will have help of resilienting from the effect of COVID-19 pandemic and the rising inflation effect in the study area and at large in Amhara region, Ethiopia.},
 year = {2022}
}

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TY  - JOUR
T1  - Effects of COVID-19 on Local Small Businesses and Resiliency Options in South Wollo and Oromia Administration Zone, Ethiopia
AU  - Tefera Eshete Kebede
Y1  - 2022/02/16
PY  - 2022
N1  - https://doi.org/10.11648/j.eco.20221101.13
DO  - 10.11648/j.eco.20221101.13
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 18
EP  - 30
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20221101.13
AB  - Unemployment is rising in Africa due to inefficient economic performance; rural –urban migration as well as the speeding up poverty. Ethiopia is not exceptional in facing by such daunting unemployment and poverty and its resultant effect at both the rural and urban areas. Government envisaged and implemented national economic policies and programs, for instance, micro and small enterprise and technical and vocational training programs that boost local and small business growth in the urban areas. Micro and small enterprise particularly local and small business activities created vast job opportunities in cities in Amhara regional state, specific to South Wollo and Oromiya administration Zone, Ethiopia. However, local and small business were in fact triggered and faced by adverse factors, COVID-19 was prevalently affecting their monthly sale, saving, expenditure and overall activities. Along with this, this study pinpointed the effect of COVID-19 on the local and small businesses activities in Kemissie, Dessie, Kombolecha and Haik. In pursuit of it, this study employed a descriptive type of research design using cross sectional surveyed data. In pursuit of this, binary logistic regression model and stata software 14 version was used to determine significant effect of COVID-19 on local and small business. Along with this, this study, identified that COVID-19 was influenced the local and small business owner’s income; saving and expenditure. Moreover, lack of loan without collateral and working area were significantly affecting local and small business activities besides to the COVID-19 lockdown. This, study, therefore, suggest to whom it may concern to subsidies and deliver loan without collateral; entrepreneurial and client handling training, working areas for local and small business that will have help of resilienting from the effect of COVID-19 pandemic and the rising inflation effect in the study area and at large in Amhara region, Ethiopia.
VL  - 11
IS  - 1
ER  -

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