Access to business financing remains a critical challenge for many enterprises in Africa. Despite the continent’s entrepreneurial spirit and a growing pool of SMEs, traditional financing systems often exclude these businesses due to high collateral demands, limited credit histories, and fragmented financial markets. This exclusion stifles innovation and scalability, leaving many promising ventures underfunded and unable to expand. Informal financing still dominates, but it lacks the structure and sustainability necessary to drive long-term growth.
To unlock corporate credit across Africa, stakeholders must build robust credit infrastructure, deepen financial inclusion, and embrace innovative models such as fintech lending, invoice factoring, supply chain finance, and credit guarantees. Credit bureaus and digital identity systems can improve creditworthiness assessments. Public-private partnerships and regulatory reforms must also support more transparent and accessible lending ecosystems. By rethinking credit mechanisms and reducing structural barriers, Africa can catalyze entrepreneurship and industrial growth across its markets.
Tomorrow, at Tekedia Mini-MBA, Abeeb Ogunsola, CEO of Evea, a pioneering corporate credit company in Nigeria will educate on this, explaining the core difference between using a corporate credit card and a business loan – and how the firm has been funding companies via credit.
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Thur, July 31 | 7pm-8pm WAT | Business Financing and Unlocking Corporate Credit in Africa – Abeeb Ogunsola, Evea | Zoom link https://school.tekedia.com/course/mmba18/
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