Better digital payments infrastructure is facilitating access to new markets for enterprise

Doreen Lukandwa, Head, Commercial Strategy at Onafriq Saying that small and medium-sized enterprises (SMEs) are the backbone of economies in East Africa is an understatement. SMEs make up the largest part of all registered entities in nearly every industry and sector in most East African countries, averaging between 60% to 90%, including micro-enterprises. As the…

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United Bank for Africa (UBA) Role in SME Financing: Empowering Businesses for Growth

  By Peter Dery, Head of Retail & Commercial Banking UBA Ghana Small and Medium-sized Enterprises (SMEs) are the lifeblood of any economy, driving innovation, creating jobs, and contributing significantly to economic growth. It is pertinent to mention that one of the most significant challenges facing SMEs is access to financing. This may be attributed…

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