For African SMEs to take advantage of international trade, there needs to be ready access to digital merchant accounts, legislations that enforce data protection and cyber security, and comprehensive national strategies to drive the agenda. 10. In most countries, the requirements for businesses to access digital accounts is onerous and steep, making merchant digital account only accessible to big businesses.
It was a very transparent [form of] assistance from the central bank to the government. Of course, we thought that every time we do something like this, something we have never done before, we must have an exit plan.