Tanzanian startup aims to transform access to credit for African SMEs

CEO of Black Swan Derick Kazimoto (left) with Director of Marketing and Corporate Affairs Aron Luhanga. PHOTO | COURTESY

Dar es Salaam. Small and medium-sized enterprises (SMEs) continue to drive economic activity across Africa, accounting for the majority of employment and serving as the primary source of income for millions of households.

Despite their importance, access to formal credit remains out of reach for many SMEs, particularly those operating within the informal economy and without conventional banking records.