Franchising is helping to formalise informal economies, but support needed – Standard Bank

Franchising plays a role in formalising informal economies, enabling job creation and unlocking access to capital for entrepreneurs and represents a significant opportunity to unlock inclusive growth across Africa through collaboration and innovation. By fostering entrepreneurship, enabling access to capital and enabling scalable business models, the sector is well positioned to contribute meaningfully to the continent’s long-term economic development, says Standard Bank South Africa Business and Commercial Banking head of franchising Andre Beck.

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