Protecting Africa’s Entrepreneurs. Powering Economic Resilience.
Small and medium enterprises (SMEs) are the beating heart of Africa’s economy — driving innovation, creating jobs, and sustaining communities. Yet, for too many of them, one fire, one theft, one flood, or one illness can bring everything crashing down.
That’s where BimaLab SME steps in.
We believe that insurance isn’t a luxury for the few — it’s a lifeline for the many. And when SMEs are protected, entire economies become more resilient
Our Vision
To spark a wave of innovation that delivers affordable, accessible, and relevant insurance solutions tailored for Africa’s entrepreneurs and informal sector champions.
What BimaLab SME Supports
Startups
innovators building SME-focused insurance tools
Policymakers
policy enablers reimagining regulatory frameworks for small businesses
Partners and Investors
partnerships that connect fintech, insuretech, and grassroots networks
Products
that bundle protection with health, childcare, maternal support, and livelihood tools
We offer:
Business development coaching and SME-specific product strategy
Mentorship from insurers, economists, and tech builders
Access to regulatory sandboxes and testing environments
Investor preparation for scaling viable SME solutions
Why it matters
Over 90% of African businesses are SMEs, yet most remain uninsured.
Entrepreneurs operate in high-risk environments — often without safety nets.
Traditional insurance products are too rigid, too complex, or simply out of reach.
We're building an ecosystem where
Digital platforms offering bite-sized, usage-based business coverage.
Products that bundle insurance with mobile payments, logistics, or e-commerce tools.
Innovations that protect stock, equipment, credit, and employee wellbeing.
Insurers and regulators rethinking how to serve the informal and underserved sectors.
The Future We're Building
Imagine This…
A market vendor recovering quickly after losing inventory to a flood.
A boda-boda rider accessing accident cover with a single tap.
A youth-led e-commerce startup staying afloat after a cyber breach.
A continent where entrepreneurs don’t just hustle to survive — but build with confidence.
That’s the Africa BimaLab SME is building — one protected business at a time.