Southern New Hampshire University

Founder and President at South African Small and Medium Enterprise Association

The Virtual Business Development Agency supports the informal businesses through making it possible for these businesses to grow and to formalize towards the formal economy of the country. Virtual assistants made available by the Virtual Business Development Agency, provides a wide variety of support services to the informal sector as well as the SMME sector. The business model of the Virtual Business Development Agency is factoring in various facets of both simple and articulate delivery systems.
The informal market is where the real wealth lies in any society, but often times this wealth is dead wealth or unlocked wealth because the impoverished have no means to land title or finance.
The informal sector or informal economy as defined by governments, scholars and banks, etc is the part of an economy that is not taxed, monitored by any form of government, or included in any gross national product (GNP), unlike the formal economy.
Africa can produce its own goods and not look for handouts from international organizations, for example the World Bank, European Union and the United States of America.
Africans needs to look at innovative and sustainable ideas focused on a new entrepreneurial renaissance in Africa. 
 Informal employment makes 90% in Sub-Saharan Africa, including the agricultural employment. The majority of informal economy workers are women.The next step is to equip the street vendors with the necessary skill to run their own businesses to ensure that growth and transformation take place.

Virtual Business Development Agency

Founder and CEO

SASMEA is an organisation that caters for informal, small and medium businesses in South Africa.Faced with challenges like funding resources the organisation operate on small scale.

Virtual Business Development for Africa