Wyly Wade

Tag: Africa

The AfDB SME Program Approval – Boosting Inclusive Growth in Africa

The SME sector is critical to Africa‘s growth, contributing to 45% of employment and 33% of GDP, SMEs continue having issues to reliable and consistent capital for growth. Studies indicate that more than 70% of SMEs lack access to medium/longer term financing creating a funding gat of $140 billion US. This study nor the AfDB‘s…

Zambia: SME bank, right on time

The new SME program is expected to create not less than 100,000 direct jobs in the first two years of its operation and that, during the same period 300,000 indirect jobs would be created.The move by stakeholders to establish a bank aimed at aiding the financially crippled SMEs in the country, will contribute immensely to…

Daily chart: Sticky fingers

I am impressed with the number of articles lately about corruption and facilitation fees. As I started to explore these issues about 5 years ago I ran into a complicated issue of something as simple as the definition. It is one thing to exchange cash for access or speed up services but how does quantify the corruption of friends…

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