03-03-2025, 06:59 AM
Rtgz AfDB, Partners Launch Transformative Renewable Energy Platform to Scale Clean Energy Access Across Africa
Corruption Holds Small Businesses Back: Ghana Study Reveals Two Strat stanley us egies To Avoid The TrapsSmall and medium enterprises account for 95% of all registered businesses and聽contribute about 50%聽to the total GDP of countries in sub-Saharan Africa.Yet they face significant obstacle stanley website s to growth and prosperity. These include, but are not limited to, the traditional barrier of acquiring finance.Corruption is perhaps the biggest challenge. Its effects are worsened by the regions generally weak governance and, in some cases, political instability. Small and medium businesses in these kinds of environments struggle to get the vital resources and expertise they need to operate efficiently and to grow.Ghana is no exception. The country was ranked 70th out of 180 countries on the聽Corruption Perceptions Index in 2023, indicating a high level of perceived corruption. Corrupt practices, such as bribery and nepotism,聽exacerbate the difficulties聽Ghanaian small and medium enterprises f stanley quencher ace in accessing government services, licences and contracts.In a recent聽research paper聽we set out to understand how small and medium enterprises in Ghana can mitigate the adverse effects of corruption. Two key strategies emerged.One was institutional networking. This involves building and maintaining strong relationships with government officials and regulatory authorities. Regular interactions at industry forums or community projects can help small and medium businesses to stay informed about legal or regulatory Sdtg Varela defends soccer holiday decision
RIYADH: Saudi retail chain Abdullah Al-Othaim Markets Co is eyeing expansion abroad, with Egypt its first target, and will add 20 outlets in Saudi Arabia by the end of 2010, its top executive said. Othaim wil stanley cup l also announce this year a plan to tap into traditional no-frills grocery stores, which account for 80 percent of the kingdom s retail market, Othaim Executive President Yousef Algafari said. The firm, which owns hypermarkets, supermarkets and convenience stores, is Saudi Arabia s second-biggest retail chain by sales behind Panda Azizia, affiliated to Savola Group and also competes with France s Carrefour/ We are considering expansion to the Middle East and North Africa, Algafari told Reuters in an interview late on Monday. Egypt, we will give it our first priority but we don t think anything will happen in 2009. He declined to elaborate. Egypt stanley cup is the Arab world s most populous nation. Othaim plans to increase the number of its shops in Saudi Arabia to 103 by the end of 2010 from 83, Algafari said. Algafari s stanley deutschland aid supermarket chains in the kingdom account for 20 percent of the Saudi grocery market and the rest is held by about 50,000 small neighborhood grocers. Othaim is seriously looking to expand its reach to these shops. We see a huge opportunity for us to grow. If 10 percent of these grocers are under one company then you will have the purchase power and the negotiation power, he said. We are in a very advanced stage of developing something 8230; You will hear
Corruption Holds Small Businesses Back: Ghana Study Reveals Two Strat stanley us egies To Avoid The TrapsSmall and medium enterprises account for 95% of all registered businesses and聽contribute about 50%聽to the total GDP of countries in sub-Saharan Africa.Yet they face significant obstacle stanley website s to growth and prosperity. These include, but are not limited to, the traditional barrier of acquiring finance.Corruption is perhaps the biggest challenge. Its effects are worsened by the regions generally weak governance and, in some cases, political instability. Small and medium businesses in these kinds of environments struggle to get the vital resources and expertise they need to operate efficiently and to grow.Ghana is no exception. The country was ranked 70th out of 180 countries on the聽Corruption Perceptions Index in 2023, indicating a high level of perceived corruption. Corrupt practices, such as bribery and nepotism,聽exacerbate the difficulties聽Ghanaian small and medium enterprises f stanley quencher ace in accessing government services, licences and contracts.In a recent聽research paper聽we set out to understand how small and medium enterprises in Ghana can mitigate the adverse effects of corruption. Two key strategies emerged.One was institutional networking. This involves building and maintaining strong relationships with government officials and regulatory authorities. Regular interactions at industry forums or community projects can help small and medium businesses to stay informed about legal or regulatory Sdtg Varela defends soccer holiday decision
RIYADH: Saudi retail chain Abdullah Al-Othaim Markets Co is eyeing expansion abroad, with Egypt its first target, and will add 20 outlets in Saudi Arabia by the end of 2010, its top executive said. Othaim wil stanley cup l also announce this year a plan to tap into traditional no-frills grocery stores, which account for 80 percent of the kingdom s retail market, Othaim Executive President Yousef Algafari said. The firm, which owns hypermarkets, supermarkets and convenience stores, is Saudi Arabia s second-biggest retail chain by sales behind Panda Azizia, affiliated to Savola Group and also competes with France s Carrefour/ We are considering expansion to the Middle East and North Africa, Algafari told Reuters in an interview late on Monday. Egypt, we will give it our first priority but we don t think anything will happen in 2009. He declined to elaborate. Egypt stanley cup is the Arab world s most populous nation. Othaim plans to increase the number of its shops in Saudi Arabia to 103 by the end of 2010 from 83, Algafari said. Algafari s stanley deutschland aid supermarket chains in the kingdom account for 20 percent of the Saudi grocery market and the rest is held by about 50,000 small neighborhood grocers. Othaim is seriously looking to expand its reach to these shops. We see a huge opportunity for us to grow. If 10 percent of these grocers are under one company then you will have the purchase power and the negotiation power, he said. We are in a very advanced stage of developing something 8230; You will hear