Africa Rising- Opportunities in Small & Growing Businesses (SGBs) in Africa
Chloe Zhu, CFA, White Oak Trade & Specialty Finance
SMEs make up over half of Africa's economy and employ equal amount of population across the continent. Access to financing is key to the success of SGBs and, more broadly, the success of impact investing in Africa. In 2017, amid major election year uncertainties in Kenya, South Africa and some other countries, impact investors were still able to find opportunities. White Oak Trade & Specialty Finance has successfully financed SGBs across the continent, with on-the-ground experience. Drawing from first hand experience, the panelists will discuss the current state of financing SGBs/SMEs in Africa. They will share frankly what has worked and what is lacking in the ecosystem. Finally, the panelists will look ahead and discuss opportunities in various countries across the continent.
Africa; Impact investing; SME; small and growing business; ecosystem; African entrepreneurship
Chloe Zhu, CFA, White Oak
Amelia Phillips, SOMO Project [invited] ; James Doree, Lion's Head