SME
7 Reasons Why Small Businesses Fail in Nigeria
According to a report by Weetracker’s The Better Africa, 61% of small businesses failed in Nigeria from 2010 to 2018. Despite the significant role these businesses play in modern-day poverty reduction, economic emancipation, and overall well-being, some inevitably shut down during the first five years of existence. It was found…
Read More »Plaqad and StartWeb Plans to Fund African Entrepreneurs
Two Africa software firms have teamed up to assist young African entrepreneurs in growing their businesses. According to them, SMEs across Africa encounter some barriers in their businesses, so they wish to help to accelerate their business. StartWeb’s co-founder, Thabo Ledimo, says he can identify with the challenges the young…
Read More »Nigeria Disbursed N100 Billion to Tackle Unemployment and Facilitate MSMEs
The federal government of Nigeria announced that N100 billion had been invested through the Development Bank of Nigeria to tackle unemployment and fund Small and Medium Enterprises (MSMEs) since 2017. This was made known in a statement given by the minister of state for Lagos and employment in Abuja. Festua…
Read More »5 Ways to Know you are in the Wrong Business
There is nothing as exhaustive and devastating as expending all your efforts on building a business and yet, no significant result to show for it. Many entrepreneurs, especially small business owners, can relate to this. Why are your strategies not working? Sometimes, it’s the inevitable early-stage struggle that almost every…
Read More »Here are the 3 Crucial Stages of Small Business Growth
Stating the stages of small business growth can be near impossible because of their unique differences. They vary in idea, size, capacity, workspace or even customer target needed for their growth. Small businesses are unique in their styles of management, organisational structures and the autonomy of their actions. However, a…
Read More »Africa’s Small-scale Farmers Send Message of Optimism and Caution to World Leaders
This is aimed at bringing the voices of rural small-scale farmers in sub-Saharan Africa to the UN Food System Summit on 23 September.
Read More »How to Get Big Results from Your Small Business
As a small business owner, think of the “small” in your business as a stage. Picture the big results that can come from your small business.
Read More »If You have None of these Traits, You’re Not an Entrepreneur
We live in a world where entrepreneurship continues to get watered-down. Vibrant Africans who should be bustling with entrepreneurial ideas and building thriving businesses, now prefer high paying 9-5 jobs
Read More »What Will You Do if Your Business Suddenly has Zero Money?
As a defence mechanism, our minds tend to focus less on the worse case scenarios, and this is a good thing. But as an entrepreneur, especially in the early stage of your business, you need to consider your options should your business be suddenly left with zero money.
Read More »About 200 Graduates Emerge from Ecobank-backed AUDA-NEPAD MSME Training for Financing programme
The Graduates came from the eight (8) countries in the pilot phase of the MSME Academy namely, Chad, Côte d’Ivoire, Ghana, Kenya, Niger, Nigeria, Rwanda and Togo.
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