Mark Horner
The SME Market in Africa
What is a Small to Medium Enterprise in Africa?
Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Small and medium-sized enterprises in Africa are generally businesses with no more than 250 employees, though some countries have lower limits.
How big is the SME Market in Africa?
The SME market in Africa has huge potential for growth. Small and medium-size enterprises play a hugely important role in the economy of Africa. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities. Africa has a population of over 1,353,672,364 people. Africa has recently had a GDP of over $7.16 trillion.
What help is available for SMEs in Africa?
Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.