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    • Nestlé, Nomanini and Standard Bank Partner to Solve the Stock Needs of Africa's Underbanked Informal Retail Traders
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Nestlé, Nomanini and Standard Bank Partner to Solve the Stock Needs of Africa's Underbanked Informal Retail Traders

A collaborative partnership between Nestlé Eastern and Southern African Region, Nomanini and Standard Bank is providing MSMEs with access to working capital via Trader Assist

The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP[1]. What’s more, according to the International Labour Organization, retail and wholesale is the second biggest employer across the region after agriculture. However, informal retail Micro, Small, Medium-sized Enterprises (MSMEs) are largely underserved and underbanked. Plus, they face…

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Source: Nomanini |

Nestlé partners with Nomanini and Standard Bank to empower informal retail traders across the Eastern and Southern Africa Region

Through Nomanini's platform, Nestlé is able to provide much-needed access to sufficient working capital so that retailers can stock a wide range of high-quality products

Informal retail Micro, Small and Medium-Sized Enterprises (MSMEs) across the Eastern and Southern Africa Region (ESAR) are set to receive a technological and operational boost for their businesses, thanks to Nestlé, Nomanini (www.Nomanini.com) and Standard Bank. Announcing the project today, Bruno Olierhoek, Chairman and Managing Director of Nestlé ESAR, emphasised…