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One of the most challenging problems for SMEs across Africa is cash flow. Imagine delivering goods or services to a client and having to wait 30, 60 or even 90 days for payment. In most instances you’d have pre-financed the deal yourself and now you need money fast to settle creditors, pay salaries and service growing company running costs. In the meantime you hold out nervously, feeling the powerful pinch of the cash flow gap. It’s a vulnerable, nail biting time when many a good company has undeservedly gone bust. Everyone agrees that Africa requires healthy, cash positive SMEs and entrepreneurs to boost development, so what will it take to remedy the problem and allow good businesses to grow and thrive? IT’S AFRICA’S TIME travels to Ghana where over 80% of the economy rests in the hands of SMEs and where Standard Chartered Bank has come up with an inclusive Vendor PrePay solution to this all pervasive problem


  • Accra, Ghana where over 80perc of business are SMEs b
  • Director Hayley Williams and cameraman Guy Hubbard look at photos of the early days of Vamset LTD with entrepreneur Seth Mfoafo
  • Ghanaian workers at an Accra based SME
  • Seth Mfoafo, Entrepreneur and owner of Vamset- a steel engineering SME based in Ghana
  • Top Accra based radio station Citi 97.3 FM did a special radio show on SMEs for Its Africas Time
  • Vamset Director Vivian Mfoafo on site. Behind her you see the steel roof beams that the company manufactures
  • Vamset produced stell roof beams for projects such as this  just outside of Accra, Ghana
  • Workers on a site at a Vamset project



Standard Chartered Ghana

Vamset - Ghana

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Vignettes LongLine

We travel to Ghana where we meet engineering entrepreneur, Seth Mfoafo, who started his own structural engineering company and how Standard Chartered’s Vendor Prepay Product (VPP) solution allows Seth and numerous small-to-medium-sized suppliers to settle their invoices within days, rather than months, relieving cash flow pressures and increasing growth potential.