Tagged in: SMEs

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Nigeria: Investors ditching banks for fixed-income securities

Savvy investors are pulling their deposits out of banks, where interest rates are in the single digits, and placing them in the securities market for higher returns. The securities market has been boosted by rising issuances of treasury bills and bonds by the government. The trend has led to a dip in banks’ deposits and less credit being made available to small businesses, writes Michael Nkwor.

Will Ghana shoot itself in the foot through new investment act?

In Ghana, small and medium enterprises form 92% of all companies and contribute 70% to GDP but their biggest constraint has been access to finance. A number of measures taken by the government have helped to ease this situation but a new act, argues Elikem Nutifafa Kuenyehia*, could reverse all the gains made so far.