African Small and Medium Scale Entreprises (SMEs) are confronted with various challenges, ranging from lack of market access to lack of access to finance and business development. To address these challenges, ABSA is providing uncollateralized funds known as Enterprise & Supply Chain Development (ESD), for SME operators on the African continent. “The funds are for […]
Flourish Africa a female empowerment platform designed to help women achieve their full potential. A place for both female millenials and adults to access information and the right networks that will enable them to grow in their chosen careers and businesses while prioritizing health and wellness. According to the statement announcing the fund, Mrs Alakija […]
The NSW and federal governments have launched expanded support for businesses and workers affected by extended lockdowns. The Morrison and Berejiklian governments have upgraded their support responses to the coronavirus pandemic outbreaks and associated lockdowns. The NSW government has expanded its COVID-19 business grants program, making grants of $7,500, $10,500 and $15,000 available to eligible […]
The idea behind this partnership and empowerment programme is to allow our SME customers to expand their access to the market and increase their visibility to potential customers. “There are over two billion people on Facebook globally, and over 65 billion WhatsApp messages exchanged globally on a daily basis. With the right knowledge, our customers […]
There are indications that more support is coming the way of small business owners in the form of financial literacy for sound business management. This is being packaged by StanbicIBTC Bank Plc in collaboration with the Lagos State Employment Trust Fund, LSEFT, to be organised through a series of financial planning sessions, tagged “Managing Your […]
The Central Bank of Nigeria (CBN) has announced that it is developing a Tertiary Institutions’ Entrepreneurship Scheme (TIES) to train and finance entrepreneurship ideas of Nigerian university graduates. This was disclosed by CBN Governor, Dr. Godwin Emefiele, on Monday at the 35th Conference of Vice-Chancellors of Nigerian Universities, holding at the Kano State University of […]
The Alliance for a Green Revolution in Africa (AGRA), www.agra.org is a farmer-centred, African-led, partnerships-driven institution that is working to transform smallholder farming from a solitary struggle-to-survive to a business that thrives. In collaboration with its partners—including African governments, researchers, development partners, the private sector and civil society— AGRA’s work primarily focuses on smallholder farmers […]
In a recent statement by AfDB on Wednesday, the bank said 30 percent of the funds, intended to mitigate effects of the COVID-19 pandemic, are earmarked for underserved women-empowered businesses. AfDB said it will provide a technical assistance grant of $200,000 through its affirmative finance action for women in Africa (AFAWA) initiative, supported by the […]
MAGIC Fund, an early-stage venture firm, has announced a $30 million Fund II raise to scale its global founders-backing-founders initiative. Announced on Tuesday, July 6, 2021, this raise will support early-stage startups globally, across all sectors, with funding between $100,000 and $300,000. The firm’s focus will be on fintech, healthcare, Software as a Service (SaaS) […]
The Centre for Financial Inclusion (CFI) has opened applications for this year’s Inclusive Fintech 50 competition, which recognises early-stage, inclusive fintech startups that are pushing the frontiers of financial inclusion and driving innovation. The Inclusive Fintech 50 competition will spotlight startups helping low-income customers and micro and small enterprises not just respond to the ongoing […]
