There is no global authority that defines SME, but the EU sets a definition for the EU. The boundaries between “micro“, small, and medium are a mix of employee headcount with either revenues or balance sheet.
![](https://www.africaeats.com/wp-content/uploads/2024/01/EU-SME-threshholds.png)
Africa Eats specializes in turning micro enterprises into small and then medium-sized enterprises. See Fast-growing SMEs for examples of seven success stories.