How do we best encourage and facilitate SME growth in Africa?
Petronella du ToitFounder ZA Trade
@Ilanyezi: Yes, banks tend to "hide" their investment arm for the general public. They invest only in large projects which allow market control. In doing so they don't have to worry about competition and management skills and can show high ROI's to shareholders. Unfortunately this irresponsible investment kills the buying power created by sme's which in the end will boomerang back to them. Thus a short term solution but a long term fiasco.
Nov 26, 2012

Clock Tower InternationalConsulting
It is the micro and small enterprises that need assistance.... and one of the ways facilitation does not help is with business plan competitions.

What they need and some level of hand holding through the various stages of development. Also, through access to information (preferably free) and encouragement to develop strong and collaborative partnerships.
Dec 13, 2012

Essam Hassan Mohamed AHMEDClimate Change Consultant EEAA
0 point. Voted up by Petronella du Toit
By knowing the exact and actual resources (natural/artificial) in each country in Africa, after that evaluate,analysis and implement integrated data base. So, you could implement for the growth a Strategic Plan under sustainable development umberella.
Nov 20, 2012

Petronella du ToitFounder ZA Trade
0 point. Voted up by Petronella du Toit
By knowing all the Entrepreneurs and their projects using an integrated database application as platform for assistance services.Bridging the lack of communication, power supply and transport is a problem calling for state of the art equipment though. You will actually need a very special kind of consultant skilled in IT, ICT, Business Planning and Safaris (smile).
Nov 21, 2012

0 point. Voted up by Petronella du Toit
I just wish that large banks with overseas parents that claim to be supporting SMMEs in Africa would be prepared to grant credit to these businesses in the start up phase. Too many small entrepreneurs simply aren't getting a chance to get their projects going.
Nov 23, 2012
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