Many African businesses struggle to access funding. They’re too large for microcredit, yet too small to qualify for traditional loans. This is the so-called missing middle – the underrepresentation of mid-sized companies in local economies.
According to the African Development Bank, the financing gap for these businesses adds up to $331 billion. As a result, they lack the resources to invest in training, coaching, and access to networks – all key ingredients for growth and development.
OVO drives change by:
- Supporting African SMEs with funding and business advice so they can grow into sustainable companies and become pillars of the local economy.
- Backing socio-economic projects that strengthen the local ecosystem and business environment, helping entire communities thrive.