BusinessDay
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What is the potential of financing African SMEs via crowdfunding?

Global crowdfunding financing was $34.4billion in 2015, according to a 2016 report by Massolution; more than 70 percent of which was via lending. And how much of this went to Africa? A paltry $24.2 million; less than 1 percent. Most crowdfunding financing still takes place in North America ($17.25 bn) and Europe ($6.48bn); about 70…



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