There is a way for small firms to escape vicious cycle of funding and recovery
Development finance institutions are able to assist companies and drive Africa’s post-Covid economic recovery
23 May 2021 - 20:03
Options are rapidly running out for many of Africa’s entrepreneurs and small to medium enterprises (SMEs) as banks hold back on providing funding in response to the economic uncertainty wrought by Covid-19.
This is a classic Catch-22 situation. Economies badly need the innovation and the energy of small business to kick-start recovery and boost job creation, but banks are waiting for a more stable economy before they give the SMEs the means they need to help the economy...
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