Publications

The Challenges and Opportunities of SME Financing in Africa

The London Stock Exchange released a report detailing the issues faced by SMEs and opportunities with financing in Africa. 

SMEs account for about 90 percent of Africa’s businesses and the driving force of the continent’s economic development, yet they are still facing financial barriers. 

Key challenges SMEs are facing include:

Publications

Publications

A Research Agenda for the Small and Growing Business Sector: Summarizing the Current Evidence and Research Needs
ANDE and the International Growth Centre at the London School of Economics released the report A Research Agenda for the SGB Sector in November 2018. Hundreds, if not thousands, of programs exist to help drive business growth in emerging markets. But what does the evidence actually tell us about whether these programs help businesses grow? And...
UNSGSA Annual Report 2018
The United Nations Secretary-General’s Special Advocate (UNSGSA) annual report was released and focuses on financial inclusion, technology, innovation and progress. The report covers the advancements with mobile money and technology, in addition to covering the challenges associated with data privacy. Nations Secretary-General’s Special Advocate...
Redeeming the Pledge on Gender Equality
A continuation of MicroSave’s research on developing financial services for women was released this month. The publication details areas such as, microfinance, digital financial services, direct benefit transfers, MSMEs and agent networks. Information surrounding what financial service providers (FSPs) lack notice of when creating financial...
White Paper: Effect of Microfinance Operations on Poor Rural Households and the Status of Women
The Asian Development Bank (ADB) released a study detailing the effect ADB’s microfinance project have on reducing poverty of rural poor households and improvement of the socio-economic status of women in developing countries. Focus regions included, Bangladesh, Philippines and Uzbekistan. Three main objectives were outlined in the study included...
Whitepaper: Digitizing Agricultural Payments
Digital bulk payments have the potential to connect millions of poor farmers to digital financial services. This report from CGAP and UNCDF recounts UNCDF's efforts to digitize payments to coffee farmers in Uganda, where just 29 percent of adults actively used mobile money in 2014. It shares lessons for donors, financial services providers and...
A Success Story on Remittances at the Post Office in Africa
In 2013, together with the European Commission, IFAD partnered with the United Nations Capital Development Fund, the Universal Postal Union, the World Savings and Retail Banking Institute, the World Bank and other key factors in order to address the full potential of postal networks in Africa in facilitating the transfer of remittances, reducing...
Report: Artificial Intelligence: Practical Superpowers
On May 16, BFA launched the first-ever report on artificial intelligence as it relates to financial services in Africa and the low-income customer. “Artificial Intelligence: Practical Superpowers,” is relevant for fintech companies and FSPs in Africa who are interested in or looking to move into AI. The FIBR paper presents a practical and...
The Decline in Access to Correspondent Banking Services in Emerging Markets: Trends, Impacts and Solutions
Global banks have been limiting correspondent banking relationships (CBRs) with local banks in emerging and developing economies – a practice referred to as “de-risking.” A new World Bank report – The Decline in Access to Correspondent Banking Services in Emerging Markets: Trends, Impacts and Solutions – examines what effect this trend has had on...
Small and Growing Business in Africa: Profiles, Successes and Challenges
In Sub-Saharan Africa as elsewhere, Micro, Small and Medium Enterprises (MSMEs) play a crucial role in economic development and job creation. However, because of a general lack of knowledge about this particular segment, the sector hardly achieves its full potential. In order to better meet MSMEs’ needs, a first step consists in identifying the...
North Africa Economic Outlook 2018
This North Africa Economic Outlook by the African Development Bank (covering Algeria, Egypt, Libya, Mauritania, Morocco, and Tunisia) examines the macroeconomic performance of the region and the outlook for 2018 and 2019 and explores the relationship between food security and rural poverty. Included in the report are details about finance for...