Poor Entrepreneurship Skills Affect MSMEs’ Access to Finance
Access to finance is one of the major obstacles affecting Micro, Small, and Medium-sized Enterprises (MSMEs) growth in Africa.
Access to finance is one of the major obstacles affecting Micro, Small, and Medium-sized Enterprises (MSMEs) growth in Africa.
Capital is an integral part of any business and is highly needed to keep a small or large business running. In sub-Saharan Africa, there are more than 44 million micro, small, and medium enterprises (MSMEs).
Social safety nets are essential to fight poverty and help the poor deal with crises or shocks stemming from natural disasters caused by climate change, pandemics, or even wars like the one in Ukraine.
Over the past two years, the world has experienced changes due to the COVID-19 pandemic, the effects of climate change, and, recently, Russia’s war in Ukraine. These changes greatly contribute to Africa’s rising costs of food and fuel
African Micro, Small, and Medium-sized Enterprises (MSMEs) could discover what cryptocurrency payment entails, its advantages, and how to use it. Blockchain technology provides an opportunity for MSMEs to gain
One primary way Africa can harness the power of entrepreneurship to create jobs is by focusing on delivering entrepreneurship education to youth entrepreneurs and micro and small business owners.
To promote the green revolution, African governments would need to work with other stakeholders to provide access to affordable yield-enhancing seeds and give greater importance to sustainable practices to enable farmers to achieve high-yield returns.
around 90% of employment on the continent, including formal and informal jobs. The private sector in Africa accounts for over 80 percent of total production and two-thirds of total investment.
Covid 19 has been described as an existential crisis testing Africa’s social, economic, and political resilience. The coronavirus was first detected in 2019 and still persists three years later with several covid variants, one more dangerous than the other.
The limitation of the free movement of persons and goods within African countries inhibits informal, micro, small, and medium enterprises from fully participating in intra-Africa trade as promoted by the African Continental Free Trade Agreement (AfCFTA
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