Over the years, the Southern Africa Development Community (SADC) member states have adopted initiatives to liberalize the financial and capital markets, including investment services in the region. However, overall, these reforms have not been as effective and local SMEs continue to suffer from lack of access to growth finance. Africa’s USD 5.6 trillion market opportunity is currently dominated by a few large corporations, with most crowding out markets in categories that could easily and more cheaply be produced and supplied by local SMEs.
Similar arrangements in other regional blocks such COMESA, ECOWAS and WAEMU, deliver similar trends of lower trade outputs than their potential holds. The recently ratified African Continental Free Trade Area (AfCFTA) holds great promise but a deliberate strategy to convert such into tangible economic activities is critical. Recognizing the role played by the African Development Bank (AFDB), Emerging Africa Infrastructure Fund (EAIF), etc. BFS wish to complement such efforts.
At BFS, we understand that, the problem in Africa is not so much the availability of debt or micro finance in the region, but more accurately, the under-developed offering of flexible financing products that are suited for the needs of SME growth. To this effect, BFS is pioneering two Sub-Saharan Africa funding vehicles, Kula Financial Solutions Africa and to mitigate this gap.
If you are a potential investor and wish to get access to the investment documents, please contact us as per details provided.
Business Financial Solutions
Corner of Jan Jonker Road & Julius K. Nyerere Street,
P.O.Box 5064, Ausspannplatz, Windhoek
Tel: (061) 388 600
Fax: (061) 239772