Businesses especially Micro and small experience a large decline in business activity compared to medium and large firms. An unsurprising finding since most of the country’s micro and small businesses halted operations. This is due to their inability to implement preventative health measures. These included the provision of on-site lodging for employees, and sanitizers and handwashing equipment for customers.
HOW HAS COVID AFFECTED MARKETS,CURIO SHOPS,FOODVENDORS…
The business that relied on tourists from outside the country thrived well until everything took a new turn. Curio shops relied on those tourists together with some foodvendors.
After the pandemic emerged those businesses declined since the government banned tourists from outside countries.
These preventive measures have resulted in an increase in operating expenses for businesses that continued to stay open. Consequently, a majority of micro and small businesses, particularly in the service sector, predict they will have to close within one to three months if the pandemic persists and current restrictions are maintained. On the other hand, the majority of the medium and large firms do not foresee closure. Sectoral analysis reveals slightly higher resilience among agriculture and manufacturing firms compared to service sector firms.
Tailors relied on making uniforms, wedding gowns, and outfits for relative occasions. After government-enforced social distancing rule greatly affected them since people no longer needed these outfits.
These were at first boasted as they would make masks for sale. Citizens relied on those masks as they were fairly affordable. Hawkers emerged at allover selling of sanitizers and masks from the tailors. The PPES business still exist as they are crucial in daily activities
The regulations set at first didn’t favour this business due to the lockdown. Local travel were double charged.
The passagers initially were 100% untill the covid pandemic emerged and vehicle could only cary 60% of passagers.
Matatu operators were greatly affected since could not operate. This is due to increased prices by 50%
Initially, regulations against overcrowding were not put across. Citizens could pass their time in recreation centers until the pandemic came.
Regulations against overcrowding limited those businesses. People avoided pools, clubs, and restaurants. Parents stayed home with their kids since couldn’t take them to swing places for they cared about the children. Closing of schools and churches aimed at reducing the cases of Coronavirus. Therefore the teaching kids about it was hard as the kids would always complain about wearing masks.
Call for safety
In addition to the lower demand and higher costs of safety measures, responding to businesses shared other worrying concerns. These included lessened production and productivity, reduced supply of inputs, and credit and liquidity constraints. Indeed, risks associated with COVID-19 have exacerbated preexisting credit and liquidity constraints among micro, small, and medium enterprises (MSMEs).
New opened businesses
Many tailoring companies emerged for an efficient supply of masks. This helped tailors in meeting their daily bread. Many citizens relied on those mask as were fairly affordable.
Rivatex strives to meet customers needs through innovation.
The goal of becoming the leading textile factory in the East African region drives the company. One that produces quality and embraces innovation for consistent and sustainable supply. This is of quality fabrics and apparel both locally and internationally.
We produce textile products that are customized to suit the customers’ needs and preferences both 100% cotton or polyester/cotton blends.
The sanitizer business emerged for the supply of sanitizers. Hawkers depended on the amount raised from the sanitizer business for daily bread.
Read Also; Change for better with Benson Mutura.
Newly reopened business
Murang’a branch reopens, a year after a devastating fire broke out at the branch. It has been a period of inexplicable pain and loss. On Friday 27/11/2020, they welcomed customers to shop with them again. This heralded a return of one of Mt Kenya region’s retail kingpin with stores in Thika, Karatina, Ruiru and Nyeri