Across Africa, small and medium-sized enterprises (SMEs) form the heartbeat of economic activity, transforming local resources into products and services that sustain communities and drive progress. Yet, many of these businesses face seemingly insurmountable challenges: access to capital, operational inefficiencies, and the daunting perception of risk from financial institutions.
But today, the story of African SMEs takes a new turn. Moneda, a leading investment firm with a focus on the natural resource value chains, has introduced Musa, a digital platform built to empower the most systemically important SMEs in Africa, propelling them to transform African markets.
With Musa, Africa’s CSMEs are a step closer to breaking free from the chains of underfunding and inefficiency. In just seconds, a business can initiate its journey—seamlessly onboarding, accessing financial support, and receiving the operational tools needed to execute critical contracts and services. This innovative solution goes beyond funding; it delivers tailored strategies powered by a sophisticated risk-rating algorithm + operational teams with technical capabilities.
The Challenges SMEs Face
Imagine a young entrepreneur in Nigeria trying to scale their agribusiness, or a mining SME in Namibia eager to expand operations but stymied by limited access to affordable capital. Their dreams remain just out of reach, bogged down by barriers they cannot overcome alone.
In the words of Ejike Egbuagu, Group CEO of Moneda, “We believe in Africa’s economic rise – through rapidly expanding critical SMEs, and Musa is a major key to this transformation. By offering non-collateral funding, speed and technical execution support, we’re breaking down the obstacles preventing African SMEs from realizing their full potential.”
A New Chapter Begins
Musa is not just a tool; it’s a lifeline. Musa will amplify Moneda’s collaborative financing model, giving critical SMEs across Africa access to fast and transparent credit and payment options.
Precious Ehihamen, Acting Managing Director of Moneda Technologies, explains, “Musa was created to address the real challenges African SMEs face every day. We care about their growth and success, which is why we built a platform that makes accessing funding and support simple and fast. We believe Musa will transform how the most important SMEs in Africa operate, propelling them to grow and contribute more to African markets. This is an exciting step forward for us and for African businesses.”
In November 2024, Musa was launched at Africa Energy Week in Cape Town. The journey is just beginning. The question is, who will be the next story of SME transformation? With Musa, it could be you.
About Moneda Invest Africa (Group):
Moneda is an Africa-facing investment firm established in 2015, with a vision to transform African natural resources into African wealth. The firm uses alternative credit and operational support to trigger growth in SMEs within the natural resource value chain – accelerating African development while recording sustained outsized returns. Over the last 10 years, Moneda has executed credit trades into Africa in excess of $200m. In 2024, Moneda Capital (a fully owned subsidiary) received a Global Fund Manager license from the Financial Services Commission of the Republic of Mauritius – launching a $250m credit fund to expand its collaborative funding program across Africa.
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