Ayodeji Ayenuwa
Microsoft Corporation’s recent announcement is set to empower 10 million small and medium enterprises (SMEs) in Africa by 2025.
This commitment was unveiled by Lillian Barnard, the President of Microsoft Africa, during a press conference in Lagos.
On the same note, She introduced a five-year strategic partnership with Flutterwave, emphasizing Microsoft’s commitment to supporting SMEs with essential resources, infrastructure, and scaling support.
Barnard said, “Microsoft is committed to fast-tracking economic growth in Africa through the transformative power of technology – a key part of this involves making it possible for SMEs to acquire the digital financial tools and services they need to succeed.”
Recognizing both challenges and opportunities in the SME sector, she pointed out the key role of Fintech companies in Africa’s economic growth.
She highlighted common obstacles faced by SMEs and startups, such as limited access to financial services and seamless transactions using local payment methods.
The strategic partnership with Flutterwave and Microsoft Azure aims to accelerate payment innovation in Africa, supporting the growth of small businesses.
To provide more insight, Ola Williams, the Country Manager of Microsoft Nigeria, stressed the importance of financial inclusion for SMEs.
He stated, “To drive sustainable growth in Nigeria, small businesses need the ability to participate more actively in the local and even global marketplace. This begins with digital financial inclusion.”
Ultimately, Microsoft’s commitment to empowering African SMEs is a significant move toward fostering economic growth in the region.
Their strategic partnership with Flutterwave and Fintech companies, combined with Microsoft’s Azure technology, aims to provide the digital financial tools essential for SMEs to thrive.
By addressing these critical needs, Microsoft is working to create a brighter future for Africa through technology-driven economic development.
Techrectory with Agency Report.
