Articles

Closing Africa’s MSME Finance Gap

Africa's Times of News, provided insights to the IFC estimation that Africa’s finance gap for small and medium enterprises (SMEs) stands at $331bn. Micro, small and medium enterprises (MSMEs) form the backbone of most African economies and investment in this sector will significantly enhance job creation and wealth development.

Articles

Articles

Advisory Programme Will Increase SMEs Access to Finance
The European Bank for Reconstruction and Development (EBRD) and European Union (EU) launched the Advice for Small Businesses (ASB) Programme to support SMEs in Lebanon. The programme will help foster private sector growth, job creation, innovation, competitiveness, and increase SMEs’ access to finance. According to the article, SMEs in Lebanon...
SMEs Receive €475 Million in Loan Support from the European Union
The head of the EU delegation to Egypt, Ambassador Ivan Surkoš reported the European Union (EU), with support from European financial institutions will provide €475 million in loans to support SMEs. EU launched the ‘EU Facility for Inclusive Growth and Job Creation,’ which aims to provide an environment of business creation and economic...
Recall Capital Nordic Makes a Compelling Case for New SME Funding Model
Financial barriers seem to be an unshakeable hardship for SMEs. World Finance addresses the difficulties faced by SMEs to retrieve funding from capital markets, and encourages SMEs to create their own ecosystem for capital. The article suggest, SMEs take their equity supply into their own hands to see results. SMEs creating their own ecosystem to...
Disrupting Systems: Financing Africa’s Youth Entrepreneurs
On May 15-16, in the heart of Nairobi, Kenya, 300 plus individuals from more than 175 institutions and 50 countries gathered at the Africa SME Finance Forum to discuss innovative solutions to promote access to finance for small and medium enterprises (SMEs) in Africa. As a key supporter of the Forum, the Mastercard Foundation hosted a panel titled...
SME Experts Weigh in on Policy at OECD Observer Roundtable
Some 99% of firms in the OECD are small and medium-sized enterprises (SMEs) and they generate about 70% of all jobs. But in order to stay vital and competitive in today’s global economy, SMEs need support. OECD asked their panel of experts for their views. Why do SMEs matter for productivity and inclusive growth, and what new policies are needed...
Providing Pre-Seed and Seed Capital is an Essential Step to Bringing West Africa and Sahel’s Entrepreneurs to the Next Level
More than 40 percent of African entrepreneurs cite access to finance as the major factor limiting their growth, according to World Bank Enterprise Surveys. In this article, the author says that West African start-ups and innovative young SMEs are indeed facing the classic ‘valley of death’ — the space between where the entrepreneur’s own resources...
Rezani Aziz Discusses Women Entreprenuership in Sri Lanka
In 1988, Rezani Aziz joined the Women’s Chamber of Industry and Commerce in Sri Lanka to network with other business women. Today, she’s now the founder of the Federation of Women Entrepreneur Associations in Sri Lanka (FWEASL) and CEO of Adfactors PR. In this Democracy that Delivers’s podcast, Aziz shares the changes she’s witnessed and helped...
Why the Widening Gender Gap is a Wake-up Call for Us All
Henriette Kolb, Head, Gender Secretariat, for the International Finance Corporation, authors a post in response to The World Economic Forum’s 2017 Global Gender Gap Report . The report analyzes disparities in health, education, economy, and politics — found that the overall average gender gap rose to 32%, up from 31.7% in 2016. Kolb says that one...
Tony Elumelu: Africapitalists Builds the Continent's Future
Tony O. Elumelu, C.O.N, Chairman at Heirs Holdings in Nigeria, pens an article on how African entrepreneurs are being supported by financial services to create a strong economic system on the continent. He describes how his institution has supported more than 10,000 African entrepreneurs over the last 10 years with funding and mentoring. The...
The Rise of Small Entrepreneurs in India
Lead economist at the World Bank, Ejaz Ghani, pens a blog on the rise of SMEs in India. SMEs account for over 95 percent of establishments and over 80 percent of jobs in the manufacturing sector in India. They are becoming increasingly prevalent and affect everything from poverty levels and shared prosperity to the allocation of activity in the...