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Lenders are hoping that the general elections will be peaceful so that their businesses return to normal.Like many other sections of the economy, the financial sector is still trying to recover from the effects of the COVID-19 pandemic as the climax of the election season sets in.Businesses, especially small and medium-scale enterprises have expressed fears over what the next few days or weeks might be like, with many anticipating disruptions.Traders are also toning down their activities with some withdrawing their merchandises to safer places, while others have halted the planned delivery and replenishing of their stocks until they are sure…
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The rescue package that was announced by governments around the world to help Small Scale Enterprises-SMEs to recover from the effects of the global COVID-19 pandemic is yet to have a tangible impact on the sector. The pandemic compelled governments to shut down their economies to control the spread of the virus. To-date, some of the sectors like bars, schools and entertainment remain under lock down, while some businesses are increasingly going digital to salvage their operations without violating COVID-19 containment measures put in place by the governments.These are some of the industries that require people to crowd in one place…
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