COVID-19 has changed the playing field for businesses in Africa significantly. While the overall socio-economic
impact of the pandemic is not yet well understood, the United Nations Economic Commission for Africa (UNECA) estimates that 4 out of 5 businesses in Africa have been severely affected through lockdowns, travel restrictions, and supply and demand shocks. Businesses currently operate at only 43% of their total capacity on average and some have been forced to shut down completely. At the same time, the crisis also sparked a wave of innovations.
The Africa Enterprise Challenge Fund (AECF) conducted an assessment to better understand how the pandemic has impacted
investees in its renewable energy and agribusiness portfolio. This learning paper presents the findings and recommendations of AECF's assessment.