AFIS Digital Events

Tearing down the barriers to SME lending in Africa

14:00 - 15:15 UTC
Webinar
English

 

 

Sub-Saharan Africa’s 40 million micro, small and medium-sized enterprises (SMEs) face a finance gap of $330bn, threatening their expansion, hiring, and operating capacity. Such companies account for 90% of businesses and 60% of jobs in Africa, yet 80% receive no bank financing, especially youth and women-owned firms. Many lack the financial acumen to prepare watertight financial statements or are put off by high interest rates, while others present strong default risks and are rejected by banks, a trend further exacerbated by the pandemic. Development finance associations and foreign investors are rallying to fill the gap, but what role can Africa’s own legacy banks and emerging fintechs play? What must happen to tear down the barriers to SME lending? 

Key points 

  • Unpacking the risks and returns of SME finance amid COVID-19 
  • The evolution of credit scoring, predicting SME cashflows and digital lending journeys 
  • Creating SME lending success stories: The regulatory needs and capacity building 

Sources: World Bank and Proparco

 

Moderator

Ramah Nyang

Journalist, CGTN Africa

Expert

Sharmila Hardi

Global Head of Banking, Financial Institutions Group, IFC

Speakers

Tirus Mwithiga

Group Director, Retail Business, NCBA

Philip Sigwart

CEO, Baobab Group

Sokhna Maïmouna Diop

Deputy MD, Finance & Strategy, CBAO

Constant N'zi

Group Chief Risk Officer, African Guarantee Fund

Guest

Ebiekure Eradiri

Secretary-General, All-Africa Association for Small & Medium Enterprises

Kariuki Ngari

CEO, Standard Chartered Bank Kenya

Who should attend?

This webinar is primarily intended for CEOs, members of executive committees, legal directors and financial directors of large African companies.

Register now

Note

Registration is confirmed by the organizer in accordance to your profile and number of participants allowed, so it is very important for you to register.

The webinar will be broadcasted on Zoom. It is a free event and access to Zoom does not require any additional fee.

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Only people who have been accepted to the event will receive a unique URL link via their email addresses used in the registration form to connect to the webinar before the event starts. Active engagement will be very welcome before and during the event.

If you have any questions, please email info@theafricaceoforum.com