Difficulties accessing finance consistently ranks as one of the biggest constraints to small business growth, but an elegant solution can be found in a proven system that is fundamentally a contract between two parties.
Six of the world’s sunniest countries on earth are on the African continent. Harnessing this natural resource to bring electricity to the vast population that lacks access to electricity is the goal of Scaling Solar.
The World Bank/IFC’s Doing Business report of 2014 found that, in West Africa, traders spend almost half their work time processing documents and maneuvering clearance procedures at customs and border agencies.
Private sector development requires more than just finance. Experience shows the powerful role advisory services can play in unlocking investment and helping businesses expand and create jobs. To help the private sector in emerging markets, IFC provides advice, problem solving, and training to companies, industries, and governments.