This increase is rather impressive, especially when compared to SME lending in other SubSaharan African economies like Nigeria (SME lending is 5 percent), South Africa (8 percent), Rwanda (17 percent) and Tanzania (14 percent). However a lot more needs to be done to address the long-standing constraint of financing of MSMEs.
The increasing shift of world GDP toward items with greater conceptual content has further facilitated increased trade because ideas and services tend to move across borders with greater ease and speed than goods. Foreign exchange trading volumes have grown rapidly, and the magnitude of cross-border claims continues to increase at an impressive rate.