
By Andy Nssien
The African Securities Exchanges Association (ASEA) has identified lack of adequate access to finance as one of the major obstacles and constraints to the growth of SMEs. Other factors are corporate governance and marketing, costs of listing and corporatising of business.
These challenges were spotted by the ASEA SME Facilitation Working Group formed by the Asoation to establish the efficacy of financing of SMEs across African capital markets. The working group comprised various stock exchanges and is chaired by the Johannesburg Stock Exchange (JSE).
According to the working group, the key challenging factors identified in the survey were access to finance (37%), followed by corporate governance and marketing (18%). Some of the other issues identified included costs of listing; which relates to continuing obligations for SMEs; and corporatising of business.
“Lack of adequate access to finance is considered as one of the major obstacles and constraints to the growth of SMEs. The results reveal the gap that exists for exchanges, and other role players, to play a role in readying SMEs to list. These include; providing mentorship, roadshows to create awareness, and to provide information and training at various touch points in the ecosystem,” says chairperson, Zeona Jacobs.
While 19 exchanges have SME platforms, the survey revealed that most of these SMEs were not aware of exchanges as an alternative to raising finance.
Following the survey results, the working group developed a report on the Capital Raising Opportunities for Small and Medium (SMEs) on Stock Exchanges in Africa, which is a consolidation of survey responses of the 15 ASEA member exchanges who responded.
The working group said the report was set to provide ASEA member countries with valuable insights that might be beneficial in the development of solutions to assist in meeting the capital raising needs of SMEs in Africa.
It explores the challenges and opportunities that exist for SMEs wanting to list on exchanges. Featuring prominently on the motivating factors for listing, is the prospect of raising funds, elevating company profiles and to enhance corporate governance.
The ASEA working group conducted a survey to 28 ASEA member exchanges to determine the fundamental issues experienced by African small and medium enterprises (SMEs) in accessing finance, as well as opportunities available for these SMEs to raise capital on exchanges.
As a key driver of employment in Africa – with a job creation level of 80%, SMEs are lauded for contributing to the development of a new middle class that has created significant demand for new goods and services.
According to the report, the working group had established that there was a major role to be played not only by exchanges, but governments and private sector organisations could contribute meaningfully to strategically setting up SMEs for long-term growth as well.
Telegram中文版 是一款注重隐私和安全的消息应用,提供端到端加密聊天等功能。
livraison discrète Kamagra: kamagra livraison 24h – commander Kamagra en ligne
onsior cane: prisma farmaco – impetex crema cosa serve
sterdex sans ordonnance: tetine 2 avent – antibiotiques chat sans ordonnance
farmacia online paÃs vasco: efarma farmacia online – se puede comprar cialis en farmacia sin receta
eroxon en pharmacie france sans ordonnance Pharmacie Express vichy liftactiv flexiteint 35
https://pharmacieexpress.shop/# kenacort 40 sans ordonnance
creme epilatoire vichy: Pharmacie Express – medicament contre l’impuissance sans ordonnance en pharmacie
metformine sans ordonnance en pharmacie Pharmacie Express acheter viagra generique
natecal d3 600 mg + 400 ui italfarmaco: forxiga costo – cholecomb a cosa serve
microser prezzo Farmacia Subito zarelis 75 prezzo
https://pharmacieexpress.com/# exemple ordonnance pansement
viagra achat en ligne: solupred sans ordonnance en pharmacie – faire un ecbu sans ordonnance
vitamine d pharmacie sans ordonnance comment avoir de l’amoxicilline sans ordonnance euthyral sans ordonnance
vertiserc prezzo: diprosone lozione prezzo – sconti farmacia online
melatonine sans ordonnance en pharmacie skinceuticals blemish + age defense dГ©livrance monuril sans ordonnance
cacit vitamina d3 bustine: kestine lio prezzo – voltaren compresse 50 mg
https://confiapharma.shop/# donde comprar ritalin sin receta
farmacia online italiana riopan gel bustine 80 mg prezzo spasmex compresse prezzo
divya pharmacy india: india drug store – pharmacy website in india
https://pharmmex.com/# can you get ozempic over the counter in mexico
pharmacy viagra cialis Pharm Express 24 caverta online pharmacy
https://inpharm24.com/# buy medication from india
prescriptions from india: online india pharmacy – online pharmacy india
mexico pharmacy buying adderall in mexico can you buy mounjaro in mexico
united healthcare online pharmacy: online pharmacy valtrex – rx pharmacy card
online viagra pharmacy: online viagra pharmacy no prescription – propecia pharmacy online
http://pharmexpress24.com/# rite aid pharmacy viagra cost
pharmacy online india: InPharm24 – dandruff shampoo india pharmacy
legitimate online pharmacy no prescription Pharm Express 24 viagra direct pharmacy
cheap medication website: mexican pharmacy products – mexican rx pharmacy legit
mounjaro mexican pharmacy: cheap prednisone – medication online store
mexican online pharmacy adderall Pharm Mex mexican pharmacy store
buy viagra boots pharmacy: where to buy viagra in malaysia pharmacy – buy cialis cheap us pharmacy
http://pharmmex.com/# prednisone mexico
order from mexican pharmacy: Pharm Mex – buy ozempic online from mexico
mexico medications hydrocodone mexico can you buy viagra over the counter in mexico
ozempic india pharmacy: buy medicine online india – india online pharmacy
walgreen online pharmacy: top rx pharmacy – derm rx pharmacy
http://inpharm24.com/# indian pharmacy
medicine online purchase: InPharm24 – online medicines india
retail pharmacy market in india: doctor of pharmacy india – online medicines india
history of pharmacy in india medplus pharmacy india buy viagra online india
accurate pharmacy: mounjaro cost in mexico – advair mexican pharmacy
top online pharmacy india india online pharmacy history of pharmacy in india
online drugs store: Pharm Mex – drugs for sale online
http://pharmmex.com/# cheap lorazepam
rite aid pharmacy hours prices pharmacy cialis online us pharmacy
uf pharmacy online refill: Pharm Express 24 – lexapro pharmacy coupons
zithromax online pharmacy: asda pharmacy ventolin inhalers – texas rx pharmacy
mexican city pharmacy reviews: how much is adderall in mexico – norco in mexico
https://inpharm24.shop/# india pharmacy website
doxycycline people’s pharmacy: boots pharmacy uk propecia – Flomax
can you order adderall online with a prescription ozempic overseas pharmacy your pharmacy online
sildenafil online canada: VGR Sources – viagra online order
buy cheap viagra generic online genuine viagra uk viagra 125 mg
buy viagra 2013 usa: order viagra from mexico – generic viagra 20 mg
https://vgrsources.com/# canada generic viagra price
viagra sales VGR Sources cheapest sildenafil australia
buy brand viagra online canada: viagra online cheap price – sildenafil 2 mg cost
buy generic viagra online safely VGR Sources female viagra for sale in uk
cost of sildenafil in canada: VGR Sources – how to order viagra