A street-market seller in Bengui, Central African Republic. Photo Florent Verges/AFP
Africa is a tough place for small businesses, given its high-cost operating environments, onerous compliance issues and lack of support where it matters. Many fall by the wayside as a result of these challenges.
Yet, small and medium enterprises are the backbone of African economies. And their success and growth has never been more important than it is now, as countries rebuild their economies in the wake of the COVID-19pandemic, which has resulted in companies closing and large-scale job losses.
Dianna Games is a leading commentator on business trends and developments
in Africa. She is the author of many published reports on African business and is
a columnist on Africa for Business Day newspaper in South Africa and African
Business magazine in the UK. She also heads the SA-Nigeria business chamber.