Africa: share of large companies by funding sources 2020

Large companies in Africa resorted mainly to commercial banks for their financial solutions in 2020 in the face of the coronavirus (COVID-19) pandemic. In a survey, 60 percent of the company-respondents indicated this as their approached funding sources. Moreover, 13 percent of large-business funding requests constituted state or public sector loans. Overall, commercial banks were the major sources of funding for micro, small, medium, and large enterprises operating in the African region.

Share of large companies in Africa in 2020, by funding request sources

Characteristic	Share of respondents
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Release date

April 2020

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Region

Africa

Survey time period

April 14 to 20, 2020

Number of respondents

Refer to supplementary notes*

Special properties

COVID-19

Supplementary notes

* The source adds the following information: "The results are based on 337 responses and 210 fully completed questionnaires, with each respondent representing an enterprise that operates in 1 and/or all 54 African countries, and disaggregated as: 76 micro enterprises, 59 smallsized enterprises, 42 medium sized-enterprises and 33 large enterprises".

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