MSME Lending in Ghana & Nigeria: Competition, Market Strategy & Outlook (June 2024)
WC: Financial Services

Africa's MSME financing market reveals a staggering $331 billion annual funding gap, highlighting an urgent need for innovative credit solutions and collaborative efforts among stakeholders. This significant gap presents a lucrative opportunity for investors to support MSME lenders and drive sustainable economic growth across the continent. The challenge for investors lies in identifying companies with the competitive edge to become future market leaders.

This report comprehensively analyses MSME financing in Nigeria and Ghana, offering insights into these critical West African markets' competitive landscape and market dynamics. By examining market structure and concentration, investors gain a nuanced understanding of how MSME lenders operate and compete in each region. To highlight their competitive positioning, we profile significant players across various MSME lending provider categories, such as traditional banks, digital lenders, fintech firms, and microfinance institutions. 

Additionally, we explore successful business models and discuss key factors shaping future competitive dynamics, including market advantages,

This story is only available to Premium subscribers Subscribe or sign in to finish reading

Not ready to subscribe? Register to read a selection of free stories

Nchedolisa Akuma

Nchedolisa Akuma

Read Latest

November 2025 Central Africa Macro Outlook

PREMIUM - 04 NOV 2025

November 2025 North Africa Macro Outlook

PREMIUM - 04 NOV 2025

November 2025 Southern Africa Macro Outlook

PREMIUM - 04 NOV 2025

Weekly Africa Macro Update: October 27 - October 31, 2025

PREMIUM - 03 NOV 2025

Download our mobile app for a more immersive reading experience

Scan QR code
mobile download