Ideas & Debate

Family firms must cede shareholding to reach next level

As an independent economist and consultant I have the opportunity to do interesting research and analytical work in the country, region and continent.

Recently, I have been interviewing numerous individuals and organisations on what constraints negatively inform the economic development of the country.

One issue I seem to bump into regularly is the financing of businesses in the country. I always hear about how access to finance is an issue for most businesses, particularly the small and medium sized enterprises (SMEs).

The general complaint is that the conditions of financing, particularly the onerously high interest rates, negatively inform access to finance from SMEs—and I agree.