(www.abndigital.com)
The IFC estimates that up to 84% of all micro, small and medium enterprises in Africa are either un-served or under-served in the current approach. This represents a value gap in borrowing financing of 140-170 billion dollars. The IFC and the Development lender of Austria will be hosting a conference in Johannesburg this week to discuss scaling up access to money management for SMEs in Africa. Joining ABN to discuss the barriers to money management Africa’s SMEs is Peer Stein, Senior Manager for Access to money management at the IFC head office in Washington DC.
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