Find how to thrive in the dominant enterprise sector in Africa by more than 90% of contribution to total number of businesses with a significant influence on GDP growth in most economies.
The SMEs sector is a major job creator in the region and a source of huge amounts of revenue collected by African governments. In our analysis, we agree with general conclusions that the sector is faced with numerous challenges summarized as follows:
- Financial shortages and lack of financial plans.
- Little or no expertise knowledge in running SMEs businesses.
- Government bureaucracies in obtaining business permits and operation licenses.
- Lack of access to research and development services to help in decision making processes.