• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    To Our Dedicated Readers…
    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan
    African Leaders Lift-off African School of Governance…
    Zimbabwe in Alacrity to Participate in the Forthcoming Minerals Africa Summit in Cape Town South Africa
    Rwanda’s MPs in the Lower House started Nationwide Assessment on progress of the Agricultural Outreach season
    $2.8 Million has been Vitally signed by Grid Africa as an Equity Investment from Rifuwo Energy Partners
    The Elected African Table Tennis Federation Executive Council Agreed on a Memorandum of Understanding with Ethiopian Airlines

    Invest Africa Partners with Multi-National Tech Companies to Support African Entrepreneurs

    Posted On 29 Aug 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Richard Adorsu-

    Photo Credit: Invest Africa

    NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – Invest Africa, the trade and investment platform for African markets, has launched a new programme of support for over 500 African MSMEs.

    The Next Generation Africa Forum will take place virtually on 16th September using a digital platform to connect MSMEs across the Continent with practical support from leading banks, VCs, multi-national tech companies and incubators, including Google, KPMG, DHL, Aon and 4G Capital.

    MSMEs form the backbone of Africa’s economies and are the engine of the region’s job creation drive, accounting for 70 percent of employment. With a high proportion of informal enterprises, many of Africa’s MSMEs, which already faced significant challenges, have been hit hard by the Covid-19 pandemic. Addressing the structural difficulties that small businesses in Africa face will be essential to both the Continent’s short-term economy recovery and long-term
    development.

    African MSMEs have historically faced numerous barriers to growth. Sitting at the riskier end of the spectrum, access to private financing for early-stage businesses is challenging. Small market sizes and low levels of regional integration preclude many private investment options.

    Meanwhile commercial banks struggle to offer adapted loans where collateral is limited and credit assessments are often unreliable, leaving smaller businesses faced with higher interest rates than their larger peers.

    In sub-Saharan Africa, lending to MSMEs accounts for only between 5 and 20 percent of traditional banks’ portfolios compared to a range of 20 to 60 percent for OECD countries. Even where financing can be secured, to be successful it needs to be accompanied by technical support to combat the skills deficit faced by many MSMEs.

    Through a series of free to access interactive workshops, pitches and discussions, the Next Generation Africa Forum will aim to overcome such barriers, offering MSMEs the support they need to thrive in a challenging economic context. Applications are now open for MSMEs to secure their place at the Forum where sessions will focus on building pathways to formality, preparing businesses for investment, accelerating growth and managing digital risks.

    Taking place during Invest Africa’s flagship event, The Africa Debate, the Next Generation Africa aims to provide a strong platform to foster collaboration between financial services, investors, entrepreneurs and policy makers. The Africa Debate regularly assembles Heads of State and Ministers from across the region as well as business leaders and international investors to discuss future avenues for sustainable growth across the Continent and encourage public private cooperation towards development goals.

    Karen Taylor, CEO of Invest Africa said, “We are excited to introduce a new programme exclusively aimed at leveraging financial and business support for MSMEs at The Africa Debate this year. Through our network of over 400 businesses and investors across the Continent we have seen first-hand the challenges the pandemic has created but we have also been witness to the resilience and energy within Africa’s entrepreneurial ecosystem. The engagement we have received from our partners in the private sector and government is testament to the importance of MSMEs to Africa’s future growth and Invest Africa remains committed to leveraging our market position to support a healthy business environment for MSMEs and investors alike.”

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Carlo Chokhoto – Chairperson of the Malawi Investment and Trade Centre established in Lilongwe… Malawi attains International Market for Legumes and Livestock

    Next Story

    Minister of Information of Sierra Leone and team sifted the National Telecommunication (NATCOM) and Cybercrimes Offices under construction at Hill Station

    10 Comments

    1. James August 29, 2021 at 4:50 am Reply

      Invest Africa has being and is being doing a great job, for our great Continent. Sishen in South Africa. James

      • New Africa Business News, Staff Correspondent August 29, 2021 at 5:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Eden August 29, 2021 at 5:02 am Reply

      Journalist Richard with your teams, thank you very much, great journalist do what you are doing. Reporting the facts. Serowe BOTSWANA. Eden

      • New Africa Business News, Staff Correspondent August 29, 2021 at 5:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Kevin August 29, 2021 at 5:10 am Reply

      Business is growing all over Afrika. Is time to take total ownership. Thank you for the reports. Harare ZIMBABWE

      • New Africa Business News, Staff Correspondent August 29, 2021 at 5:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Ousmane August 29, 2021 at 5:12 am Reply

      Thank you Richard. Fan of New Africa news. Conakry Guinea. Ousmane

      • New Africa Business News, Staff Correspondent August 29, 2021 at 5:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Kim August 29, 2021 at 5:16 am Reply

      Thank you for the weekend newsletters. Lisbon, Portugal. Kim

      • New Africa Business News, Staff Correspondent August 29, 2021 at 5:20 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    To Our Dedicated Readers...

    Posted On 04 Nov 2024

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    Posted On 04 Nov 2024

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Posted On 04 Nov 2024

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    Africa Leader of the Year 2023-2024, Rwanda's President Paul Kagame

    Posted On 21 May 2024

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Peace making leader. Congrat Paul...

    Posted On 15 Feb 2024

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Facebook

    Latest Posts

    To Our Dedicated Readers...

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Recent Posts

    • To Our Dedicated Readers…
    • Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    • The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    • ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    • In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • Obituary
    • Sport

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.