Ethical Performance
inside intelligence for responsible business



April 2005

Financial services companies have been told they can contribute significantly to development in Africa by increasing their range of loans for small and medium-sized enterprises. A new study, Sustainable investment in Africa: pipedream or possibility, by the Shell Foundation and Forum for the Future, concludes that while banks, insurance companies and venture capital businesses provide finance for large infrastructure projects, ‘SME needs are not being met with appropriate financial products’. Meeting those needs would not only increase economic activity and therefore have social benefits in Africa, but would also open up new markets for the financial services companies, says the study.

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