The race is on to unlock Africa’s growth potential. The World Bank thinks the continent’s economy will expand by 3.7% during 2022 and by a further 3.8% in 2023, despite global headwinds. And it is small and medium-sized enterprises that will lead the charge: consultant McKinsey estimates that SMEs account for 80% of jobs across Africa as a whole.
Enabling those businesses to grow more quickly – and to show greater resilience during more difficult periods – is therefore essential. Nigerian start-up Kippa thinks it can provide an important piece of the jigsaw. Since its launch in June 2021, it has signed up 500,000 SMEs in its home country