Small and Medium-sized Enterprises are the beating heart of Africa’s economies. According to the World Economic Forum, as engines of growth, SMEs are responsible for around 80 percent of the continent’s employment, ultimately helping to reduce poverty and income inequality, enabling the establishment of a new middle class and driving demand for new goods and services. That’s why creating an enabling environment for SMEs to access finance will enhance their ability to not only contribute to Africa’s labour force, but also facilitate the continent’s development and economic growth while driving the innovation needed to help solve the socio-economic issues it continues to contend with.
Trending
- Kenn Ayere’s Lifestyle Value Mall provides job opportunities for over 100 youths in Benin
- 2025 AFCON Qualifiers: Osimhen, Lookman score as Nigeria beat Benin Republic
- Buratai mourns Yar’Adua’s mother
- Why we are against using INEC officials from Imo, Kogi for Edo polls – Ighodalo
- FG implementing critical initiatives to train, equip police personnel – Tinubu
- Unbreakable bonds: $3.3b agreement signed at historic trade conference
- Ugwunwa wins javelin’s silver to give Team Nigeria fifth medal
- Morocco 2025 qualifier: Eguavoen benches Osimhen, starts Boniface