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The Opportunity Cost of Doing Business for SMEs in Africa

The African economy has gathered momentum over the years, with an estimated increase of 3.8% of the real output growth in 2017. As the largest economies gradually strengthen, the 2018/2019 performance should reach 4.1% according to the African Development Bank.

This economic growth and sustainable development has largely been contributed by Small and Medium Enterprises (SMEs). In Kenya for instance, SMEs contribute approximately 40% to the GDP and employ over half of the country’s workforce.

Yet, becoming a profitable SME in the continent is never a smooth sail for many. Read more..

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Ignite Trade Africa, provides you with the knowledge and practical advice on regional markets to help you make better, timelier and cost-effective decisions in order to achieve your business goals in Africa.

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