On the African continent, Small and Medium Enterprises (SMEs) represent 90% of businesses and create 30 million jobs per year. The numbers are relevant and higher than the global average.
Knowing the importance of the matter, the SouthBridge Group promoted, during the Brazil Africa Forum 2020, the panel “Small and Medium Enterprises, Technology and Blockchain”.
The dialogue had the presence of Fatoumata Ba, Founder and Executive Chair of Janngo and Managing Partner of Janngo Capital; Eric Kacou, Co-founder and CEO of ESP; Simplice Anoh, Founder & CEO of Group Digital Afrique Telecom; and Jiří Chotěborský, Executive for Investment Banking, Telecoms and Media at Standard Bank. Hamet Aguemon, Partner of SouthBridge Group, was in charge of moderating the panel.
Kacou highlighted the role technology has on SMEs. For him, it is through it that “we are really able to provide assistance at scale”.
Chotěborský also defended the role that fintechs play on the continent. “They have the solutions to help the SMEs survive and thrive when things go back to normal”.
On blockchain, Anoh underlined that the service “can really increase efficiency, trust and can help SMEs have access to funds”.
Closing the dialogue, Fatoumata Ba stressed the importance of investing in SMEs, but also not forgetting to “invest in women entrepreneurs”.