Articles by Trevor Hambayi
Though the UN's first Sustainable Development Goal aims to eradicate poverty, this goal is not on track to be met – particularly in sub-Saharan Africa, where projections indicate that over 23% of the population will still be living in extreme poverty in 2030. Trevor Hambayi argues that there's a clear need to look past the UN's favored strategies of addressing poverty through government and NGOs, and to focus instead on unlocking the potential of Africa's small and medium enterprises.
It’s conventional wisdom that small and medium enterprises are key to economic growth in emerging markets. This is particularly true in Africa, where local SMEs dominate the business landscape, and a fast-growing young population needs the services, jobs and economic growth they provide. But as Trevor Hambayi at Development Finance Associates explains, these enterprises face several unique challenges – starting with a lack of finance. He explores the problem, and some solutions that could help unlock the SME sector’s potential.