When we think about supporting small businesses in volatile markets, solutions often focus on finance access, lending costs, and risk mitigation tools. But is that truly enough to champion today’s entrepreneurs? In our latest blog following our “Hedging Currency Risk” workshop this past October, Micheil Banoub, Director of Programs at Kuo Sharper Initiative KSI, reflects on his time in Zambia, exploring innovative currency hedging strategies to tackle the high-stakes challenge of operating in a fluctuating economic environment. Micheil dives into the real cost of borrowing in local currency and the challenges of navigating Zambia’s complex financial environment. Micheil also examines the pros and cons of various hedging tools, including FX swaps and non-deliverable forwards (NDFs), highlighting their potential to support SMEs. Micheil writes, “Our journey in Zambia has underscored the complexities of currency risk management and the need for tailored financial tools in emerging markets.” Read the full blog and discover how KSI is working to support growth market entrepreneurs with innovative solutions. https://lnkd.in/gfqPt2De Sayuri Sharper Dina H. Sherif Rania Helmy
