The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP[1]. What’s more, according to the International Labour Organization, retail and wholesale is the second biggest employer across the region after agriculture. However, informal retail Micro, Small, Medium-sized Enterprises (MSMEs) are largely underserved and underbanked. Plus, they face a distinct challenge: their scarce…
A collaborative partnership between Nestlé Eastern and Southern African Region, Nomanini and Standard Bank is providing MSMEs with access to working capital via Trader Assist, a digital finance solution that enables retailers to stock up their shops.
The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP. What’s more, according to the International Labour Organization, retail