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More Transparency for Better Business – the Potential of LEIs for African Economies

Jan 06, 2021 | GIZ, MFW4A

Trade accounts for about 60 % of GDP in sub-Saharan Africa alone and is thus a major contributor towards achieving the Sustainable Development Goals (SDGs). Yet, one of the main challenges African companies face is to secure financing for their business and trading activities due to high (perceived) risk and low market transparency. In this regard, a trustworthy and transparent (digital) identity is a key factor in risk mitigation as well as for participating in global value chains and trade – and therefore essential to promote the prosperity of economies in Africa and worldwide.

Theme: Financial Inclusion, Trade Finance | Country: Africa | Pages: 6