MSMEs (micro, small and medium enterprises) are recognised across the world as drivers of socioeconomic growth and development. They make a significant contribution in boosting public revenue collection, employment creation and economic empowerment, as well as provision of goods and services to the public.
MSMEs face distinct challenges that limit their access to markets and operation capacity. Examples include limited formal documentation, lack of access to quality supplies and modern techniques, lack of networks and connections, limited access to finance, and limited capacity.
Diagnosing the MSME development challenge in four countries
Genesis partnered with the prominent private foundation to diagnose the MSME landscape in four countries of interest. The foundation was new to the area of MSME development and required guidance on how best to diagnose the key growth constraints and programming opportunities for MSME development.
Building robust M&E system to measure impact of enterprise programme
Genesis Analytics was hired to develop the monitoring and evaluation system of Seedstars - an international social enterprise based in Geneva aimed at supporting high-growth entrepreneurs. Seedstars has seven offices in developing markets which act as workspaces and support centres for the entrepreneurs.
Measuring the impact of Mowgli's mentoring of SMEs
Genesis Analytics was contracted by Mowgli Mentoring to act as a Monitoring and Evaluation (M&E) partner to Mowgli Mentoring and provide M&E support with a particular focus on building a competitive evidence base to prove the impact of its mentoring programme.
Agriculture and agribusiness
Africa’s agricultural sector is critical to sustainable economic development. Recognising the important role which agriculture plays in supporting economic opportunities, in particular for rural communities, the essential role of the sector for food security, and linkages with poverty alleviation, Genesis works at the public-private interface for government, donor, philanthropic and private sector clients, and in fruit, vegetable, cash and staple crop value chains across Sub-Saharan Africa.
Our digital economy team at Genesis focuses on technology innovation and the opportunities it provides for improving the development potential of African nations. Our work is focused on supporting African governments, their development partners and private firms in forging new tech-enabled pathways to inclusive growth.
Financial inclusion remains an acute challenge across Africa, with many people in the sub-Saharan region lacking access to basic financial products and services, such as credit, savings and insurance products. The effects of financial exclusion fall disproportionately on particularly women, low-income groups, rural inhabitants and small businesses. These groups have traditionally been underserved by traditional financial services. Genesis has built deep expertise in driving financial inclusion across these groups in Africa.
Gender and development
To reach the full potential of the continent, we have to harness the full capacity and ability of the population by ensuring that women, who make up half of the population, are empowered to contribute in an equitable, productive and safe manner.
Our work in gender and development spans a variety of contexts resulting in deep insights and expertise regarding gender dynamics as it pertains to policy and regulation, public and social programmes, NGO and other women’s movement initiatives, and private sector growth. All of these, and other institutional and society norms play an important role in shifting social dynamics, reducing barriers to empowerment, increasing access to opportunities for young girls and women.
Expanding access to economic opportunity is essential for improving lives and livelihoods, generating jobs and creating wealth. The private sector plays a leading role in delivering economic growth and is increasingly expected to do so in a way that is inclusive and sustainable.
There are a number of ways in which businesses, foundations, governments and development organisations work to support private sector development. These include developing inclusive market systems; supporting the creation of quality jobs; developing value chains and access to markets for businesses; development of the financial sector and supporting access to finance; MSME development; capital markets development; and overall business enabling environment.