Micro, small, and medium-sized enterprises (MSMEs) play a vital role in the global economy and in achieving sustainable development goals. This is especially evident in Africa, where entrepreneurship is everywhere. These small enterprises create millions of jobs for the continent’s youth.
The biggest challenge for most SMEs in Africa is access to finance. A lot has been said about how financial institutions and microfinance organisations should adapt to direct more financial flows to businesses. However, are African businesses also considering alternative financing?
