By Juliet Umeh

Globec Services Ltd has unveiled an ambitious expansion plan aimed at empowering over 5,000 importers and businesses across Africa by December 2026, as part of efforts to streamline trade and procurement processes on the continent.

Founded by Michael Abraham O., the firm said the initiative is designed to eliminate bottlenecks in cross-border trade through seamless Renminbi (RMB) payment solutions and strategic business consultancy services.

In a statement released by its management, Globec Services described Small and Medium-Scale Enterprises (MSMEs) as the backbone of Africa’s economic stability, stressing that entrepreneurs remain central to national development despite operating in challenging environments.

“Africa is a continent of immense resources and untapped potential. However, the environment entrepreneurs operate in remains one of the most challenging in the world,” the company stated.

The firm identified what it termed a “Resilience Gap” between African and European entrepreneurs, noting that Nigerian business owners often require more than twice the resilience of their European counterparts to achieve comparable progress. It attributed this gap to factors such as economic volatility, fluctuating exchange rates, inflation, weak structural support systems, and exposure to fraud and unverified suppliers.

To address these challenges, Globec Services said it has built strategic partnerships with registered service providers to offer targeted solutions. These include seamless RMB procurement to facilitate direct payments to Chinese suppliers in Yuan, tactical business consultations to support scaling efforts, supply chain optimisation, and operational security measures aimed at reducing transaction risks.

The company disclosed that it has already supported more than 500 businesses and is now scaling its operations to reach at least 5,000 importers and enterprises by the end of 2026.

“Our mission is clear. We are not just facilitating trade; we are fortifying the resilience of African enterprises and accelerating economic development across the continent,” the statement added.

The expansion comes amid growing calls for structural reforms and innovative financial solutions to strengthen Africa’s cross-border trade ecosystem and enhance the competitiveness of its MSMEs.