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.
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