NAIROBI, May 7 (Xinhua) -- Kenya's tourism and education sectors are the most affected by the COVID-19 pandemic, new data by the umbrella business lobby released on Thursday indicates.
According to the Kenya Private Sector Alliance (KEPSA) business survey on effects of COVID-19, the vast majority of education and tourism companies have had to close, at least temporarily.
"With government mandated school closures, 95 percent of respondents from the education sector have closed business temporarily," says the report dubbed Accelerating the pace of interventions to address the impact of COVID-19 on businesses and the broader economy that was conducted in April.
KEPSA conducted the survey in which businesses across all sectors participated to understand the impact of COVID-19 on the business community and interventions towards effectively managing the pandemic to support businesses, jobs and the broader economy.
According to the KEPSA April 2020 Survey Findings and Analysis, the sports, arts, creative and agricultural firms reported the next level of negative impact as a result of the COVID-19 outbreak.
The review notes that 81 percent of agricultural firms report high or very high impact of the novel coronavirus and as it is the dominant gross domestic product contributor, its plight will have significant adverse effect on the overall performance of the economy in 2020.
Carole Karuga, CEO, KEPSA said that the finance, health, social work and environment firms were less impacted by the COVID-19 than the other sectors.
Karuga noted that in terms of financial losses, agriculture, transport, manufacturing and tourism sectors were the hardest hit. Enditem