Can hybrid finance unburden Africa’s shaky SME sector?

January 24th, 2022 – For SMEs in Africa the effects of the pandemic have exacerbated a woefully under-financed area of the economy, but by cultivating the right environment and encouraging SMEs to formalise their operations, hybrid financing might provide the key to recovery.

It is tough being a small and medium enterprise (SME) in Africa, a continent where the SMEs sector is quite fragile. Nothing has exposed the apparent quicksand foundations of the sector more than the COVID-19 pandemic. With the crisis dragging the continent into its first economic recession in 25 years, SMEs bore the brunt with a majority sinking into oblivion. For those that have survived the pangs of the pandemic, rebuilding is bound to be torturous.

More…https://www.worldfinance.com/markets/can-hybrid-finance-unburden-africas-shaky-sme-sector

Written by World Finance