(www.abndigital.com)
The IFC estimates that up to 84% of all micro, small and medium enterprises in Africa are either un-served or under-served in the current approach. This represents a value gap in credit financing of 140-170 billion dollars. The IFC and the Development Bank of Austria will be hosting a conference in Johannesburg this week to discuss scaling up access to finance for SMEs in Africa. Joining ABN to discuss the barriers to finance Africa's SMEs is Peer Stein, Senior Manager for Access to Finance at the IFC head office in Washington DC.
