Sazir Nsubuga Mayanja
Islamic Call University College Kampala, Uganda

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Agricultural Vale Chain Finance for MSMEs and the Increasing Role of Fintech in Solving the Liquidity Constraints. Examples from Asia and Africa. Nankya Ciatra; Sazir Nsubuga Mayanja
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 9 No. 2 (2024): July
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v9i2.24207

Abstract

Although challenges remain, efforts at innovations to support the provision of agricultural finance to smallholder farmers, especially through digital platforms, have demonstrated great potential and feasibility to increase access to liquidity by participants in the Agricultural Value Chain (AVC). Fintechs are the summary products of innovation in financial services delivery. In Asia, the Inclusive Financing for Agricultural Value Chains (IFS4Ag) project was aimed at deriving models for improving access to agricultural value chain finance (AVCF). According to the Digital Economy for Africa Initiative (DE4A) the continent should be digitally enabled by 2030. The research study is exploratory and mostly qualitative. Informal interviews have been given to stakeholders given that the majority of interviewees are micro and small farm holders. Otherwise, secondary sources have provided the bulk of information that informs the research. Findings are that governments, multilateral lending bodies, and affiliates have been variously and severally instrumental in piloting and actualizing improvement in financial service provision to the underprivileged by supporting delivery through fintech.
Digitization and Digitalization in the MSME Sector Success Stories and Challenges from Emergent Countries, with Examples from Some Asian Countries and Uganda. Sazir Nsubuga Mayanja
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 9 No. 2 (2024): July
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v9i2.24210

Abstract

ASEAN Member States (AMS) have a Policy Guideline on Digitalisation of ASEAN Micro Enterprises. It was compiled through an inclusive, multi-stakeholder process with support from the ASEAN Secretariat, known as the ASEAN Coordinating Committee on Micro, Small and Medium Enterprises (ACCMSME). The Organisation for Economic Development and Cooperation (OECD) as well as representatives of the private sector in ASEAN participated. In 2020, at the 37th summit of the ASEAN countries, the ASEAN Comprehensive Recovery Framework (ACRF) was adopted. Initiatives arising from these kinds of regional efforts have led to impressive achievements. As a result, Industry statistics estimate that the ASEAN region’s internet economy will exceed a gross market value of US$240b by 2025, more than twice that of US$72b in 2018. The ASEAN population is the most engaged mobile Internet users in the world. On the other hand, partly because of the convergence of low scores on the digital and entrepreneurship systems, Africa is precariously positioned on the Global Entrepreneurship Index Rank, the UNCTAD E-commerce Index Rank, and the Availability of venture capital scores. To succeed, the region has deliberately and seriously developed plans and programs, all along involving governments, global partners like OECD, and the private sector. The nodules in the network create a linkage that enhances accountability and responsibility such that none slackens in their efforts. The findings of this study, which has adopted exploratory research techniques, are that, first digitalization is no longer an option, but a necessity for economies and their MSMEs. Secondly, that well-developed infrastructure by way of broadband penetration by itself is not sufficient.