Harnessing Climate Fintechs to Help African Small Businesses Track Carbon Emissions and Access Green Finance
- Small and medium enterprises (SMEs) contribute up to 90% of employment and over 50% of GDP in sub-Saharan Africa.
- Mobile fintech can provide scalable solutions for small businesses to track carbon emissions and access green finance.
- African SMEs risk exclusion from global supply chains if they do not adapt to ESG compliance.
The integration of mobile fintech solutions into small businesses' operations is crucial for facilitating the green transition in Africa. By providing accessible tools for carbon tracking and sustainability reporting, fintech companies can not only help businesses comply with emerging regulations but also drive economic growth and environmental responsibility. This presents a unique opportunity for innovation and collaboration in the fintech sector.
