Analysis of the Social-economic Factors that Facilitate Small, Micro, Medium Farming Enterprises (SMMEs) in South Africa | Chapter 1 | An Overview on Business, Management and Economics Research Vol. 3

 This study examined the potential of farming small, data processing machine, medium enterprise (SMMEs) to influence the resolve of socio-economic problems. Land correct is a form of agrarian correct involving the changing of regulations, regulations, or duties regarding land ownership. Land correct may consist of a administration-initiated or administration-backed property redistribution, mainly of agricultural land. Land correct can, therefore, refer to transfer of takeover from the more powerful to the less powerful, to a degree from a relatively scarcely any of wealthy or noble owners accompanying extensive land assets (e.g., plantations, abundant ranches, or agribusiness plots) to individual ownership by those the one work the land. Such transfers of ownership may accompany socially or without compensation; repayment may change from token amounts to the whole effect of the land. South Africa is one of the underdeveloped countries with high predominance of socio-economic challenges, such as extreme levels of joblessness, want, food iinsecurity and malnutrition, specifically among country and peri-urban weak people. Since 1994, the South African administration has had a goal that the farming subdivision should play an important function in food protection, job creation and money creation. Both subjective and quantitative research methodologies were working in this study, with the departed relying on participatory forums, place the data was taken with the aid of program recordings, as long as the later methodology used tractor trailer-structured inquiry. The quantitative data got and used in this study were assembled from year 2006 to2007. This news was gathered by extension stick from a sample size of 1873 land SMMEs (20% of the registered farming SMMEs in the nine provinces of South Africa). In order to increase the prospect that the SMMEs created in the agricultural subdivision will help to address socioeconomic problems, it should to innovate and investigate systems that can turn micro and limited businesses into medium-sized trades. It appears that the majority of these SMMEs lack the competency to be sustainable.

Author(s) Details:

Victor M. Mmbengwa,
Department of Agricultural Economic and Animal Production, University of Limpopo, South Africa.

Xiaoshun Qin,
Graduate School of Business Leadership (SBL), University of South Africa, South Africa and ACASA (Association of China-Africa Small-Holder Agriculture), South Africa.

Please see the link here: https://stm.bookpi.org/AOBMER-V3/article/view/11998

The Effects of Managerial Finance on Growth of Business: Evidence from Akwa Ibom State, Nigeria | Chapter 3 | Current Topics on Business, Economics and Finance Vol. 5

 This episode investigates the relationship between picked managerial finance functions and trade growth. The motivation was the usually heard argument that weak attitudes to administrative finance are the key factor in the high bankruptcy rate of business in different nations, including Nigeria. A survey research design was selected to obtain data from 105 trades operating in Akwa Ibom State - Nigeria and analyzed using Pearson’s Product Moment Correlation model. The judgments indicate that all of the administrative functions chosen for the study are strongly equated with growth, although at varying degrees of meaning. The findings mean that, given the diversity and specific nature of managerial finance, all aspect of administration relating to financial resources endure be treated seriously in consideration of ensure complete sustainable business progress.

Author(s) Details:

Ntiedo B. Ekpo,
Department of Banking & Finance, University of Uyo, Nigeria.

NseAbasi I. Etukafia,
Department of Banking & Finance, University of Uyo, Nigeria.

Ikechukwu A. Acha,
Department of Banking & Finance, University of Uyo, Nigeria.

John Udoidem,
Department of Banking & Finance, University of Uyo, Nigeria.

Ikenna Elias Asogwa,
Department of Accounting, University of Uyo, Nigeria.

Please see the link here: https://stm.bookpi.org/CTBEF-V5/article/view/10462

Path to Sustainable Development Goals: An African Vantage Point | Book Publisher International

 In order to meet sustainable development goals (SDGs) by 2030, Africa has many challenges. The continent, however, still has a window of chance to solve these obstacles by leapfrogging. Because of Africa's late-comer status with other areas, Sub-Saharan African countries will make significant progress in growth by introducing new ways of thinking and deploying various applications. No single approach is a panacea for the growth of the continent, but the essence of this book is a multi-pronged, holistic view of these challenges.

This book is a catalyst for African scholars, students, researchers from the African continent, politicians, civil society, and practitioners working to achieve Sustainable Development Goals and eventually improve the livelihood of Africans.

In line with SDG 9, which drives infrastructure growth, industrialization, and innovation, Chapter One discusses the importance of the adoption of space research and its applications, mainly remote sensing and geospatial information systems. A main enabler for African countries to collect reliable data that can reliably inform policymakers in their decision-making is the use of Remote Sensing and Geospatial Information Systems. The chapter addresses the key players who have carried out space research on the African continent and its applications to efficiently handle the abundance of natural resources in Africa and to bridge the technological gap with other regions. For African countries that have nascent or non-existent space programmes, these techniques are instructive.

Chapter Two considers the financing of micro, small and medium enterprises in Tanzania and the value of community lending because of its high outreach, i.e. reaching the indigent who are often denied loans by conventional banking institutions. The availability of microfinance is vital to achieving SDGs 1 and 10, which provide for an end to poverty and a decrease in inequality. In addition, substantial financial resilience has been demonstrated by microfinance institutions that offer loans to small business owners. To attract more funding in this region, policymakers need to build a friendly atmosphere so that young people are encouraged to set up and develop businesses that create much-needed jobs.

In the sense of SDG 7, the promotion of sustainable and renewable energy, Chapter Three addresses the fundamental problems of the Energy and Climate Change Nexus in Sub-Saharan Africa. Access to affordable, effective, safe and modern energy for all is provided for in SDG 7. In addition, SSA governments must concentrate on producing renewable sources of energy to triple the availability of electricity because of the disproportionate access to electricity for people in SSA relative to other regions, thus minimising the carbon footprint pursuant to SDG 13, which highlights climate action. The author posed many important questions and answers relating to the generation, transmission, and distribution of electricity. In addition, the primary carbon emissions in SSA and methods of emission minimisation were addressed in this chapter.

The key characteristics of strong agricultural value chains were explored in Chapter Four, highlighting Egypt, Morocco, and Tunisia, and how these best-in-class value chains can be replicated and extended to other African countries in the context of SDG 2.

Chapter Five recognises registered quality education and gender equity in education in African countries and is on track to achieve SDGs 4 and 5, respectively. The approaches and techniques employed as potential best practises by effective countries. The importance of gender equality is not only a human rights issue, but it is also a major development issue to tap into the full potential of around 50% of women in the African population.

The Epilogue ends by discussing briefly how the global supply chain disruption caused by the COVID-19 pandemic resulted in local development of Personal Protective Equipment (PPE), test kits, sanitizers, and even ventilators for SMEs in African countries. African SMEs have the means to add value and manufacture high-quality products that are accessible to the local population, thereby creating local jobs. Governments should bridge the financing gap in line with SDG 1 in collaboration with MFIs to allow financing for SMEs.

In addition, the author suggested the early operationalization of the Africa Continental Free Trade Area (AfCFTA), which has the potential to increase intra-African trade from the current 18 percent of total exports, while the remaining percentage of trade is with the rest of the world. SDG 1 calls for actions that allow the poor and the weak to have fair rights to economic opportunities. By enabling free movement of people, goods and services across African borders, boosting trade, adopting AfCFTA would push SDG 10 to reduce poverty and reduce inequality among people.

Author(s) Details

Obed Hugh Ligate
Adjunct Faculty, School of Business, George Mason University, United States.

View Book :- https://bp.bookpi.org/index.php/bpi/catalog/book/369