Focus on Digitisation and the Impact of COVID-19 on MSEs

Categories : Customer and Users of Digital Payments, MSME's


Author: FSD Kenya

The COVID-19 pandemic, termed ‘the Great Disruption’ hit the global economy in 2020. Whereas 2020 was defined by divergent impact within and between economies, 2021 will be defined by multispeed and divergent recovery in the global and local economy. Low-income countries continue to face grimmer economic prospects due to limited access to COVID-19 vaccines and weak public finances; they will suffer more significant medium-term losses, particularly countries that rely on tourism and commodity exports, and those with limited policy space to respond.

In this report, FSD Kenya writes about the divergence trends that continue in Kenya, as well as macroeconomic resilience masking sustained inequalities and divergence in recovery.