SME360

February 1, 2021

CBN, NIRSAL appoint YEN entrepreneur development partner

Central Bank of Nigeria (CBN) and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending Plc have appointed Young Entrepreneurs of Nigeria (YEN) as its development partner. YEN is the umbrella body and voice for Nigeria young entrepreneurs, championing youth entrepreneurship development through access to mentorship, entrepreneurship training, technical support, networking, funding and access to […]

by Adzer Iwanger

January 29, 2021

Calendly, Cloud Scheduling Platform Raises $350m On $3bn Value

Tope Awotona’s cloud scheduling platform Calendly, jusr raised $350 million from OpenView Venture Partners and Iconiq capital, making the Atlanta-based company valued at over $3 billion. The high valuation is due to the explosive growth Calendly experienced last year. In 2019, Calendly had less than a million users; now, it currently has about 10 million […]

by Adzer Iwanger

January 28, 2021

COVID 19: Gain Alliance Calls For Applications for 2nd Roll Out Of MSME Emergency Response Fund

The COVID-19 pandemic is a multiplier of vulnerability, compounding threats to food security and nutrition (FSN), while exposing weaknesses in food systems. In response, the Global Alliance for Improved Nutrition (GAIN) developed the Keeping Food Markets Working (KFMW) programme to provide targeted support to help sustain core food systems, workers, and markets during the COVID-19 […]

by Adzer Iwanger

January 27, 2021

90 Startups To Benefit From SMEDAN’s Empowerment Nationwide

SMEDAN under the guidance of the federal government of Nigeria has dedicated itself to empower small and medium enterprises. The move is to ensure that people with brilliant ideas and skills are identified and empowered in an equitable manner. The empowerment project will build beneficiaries’ skills and ideas into full blown businesses where people will […]

by Adzer Iwanger

January 26, 2021

MSMEs Survival Fund Reopened For 30 States

The Federal Government of Nigeria has for a while taken to disburse support to MSMEs. Over 300,000 people have received funds & 30 more states have now been reopened to partake. The scheme is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard Jobs in the MSMEs […]

by Adzer Iwanger

January 25, 2021

NIRSAL Loan: Applicants Laments Shortchanging Of Genuine Members

Over five thousand (5000), applicants for the Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) from Benue, State have protested and lamented the shortchanging of genuine applicants during disbursement of the loan after years of application, and completion of procedures. Leadership reports that the applicants appealed to president Muhammadu Buhari and the Central Bank […]

by Adzer Iwanger

January 22, 2021

Firm, FCDO To Train 1,000 Persons In Nigeria

Daily Trust reports that, in a bid to support education especially in northern Nigeria and also provide jobs. Technology for Social Change and Development Initiative (Tech4Dev), a non-profit organisation has signed an agreement with the Foreign Commonwealth and Development Office (FCDO) for the Basic Digital Literacy training for 1,000 beneficiaries across rural areas in northern […]

by Adzer Iwanger

January 21, 2021

Nigerian Edtech Startup, uLesson, Raises $7.5m Series A led by Owl Ventures

uLesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. The round is led by Owl Ventures, which closed over half a billion in new fund money just months ago. Other participants include LocalGlobe and existing investors, including TLcom Capital and […]

by Adzer Iwanger

January 20, 2021

Applications open for 7th Tony Elumelu Entrepreneurship Programme

Applications have opened for the seventh edition of the Tony Elumelu Entrepreneurship Programme (TEEP), which will provide startups with training, mentorship and US$5,000 in funding. Disrupt Africa reports that the programme, run by the Tony Elumelu Foundation (TEF), is a 10-year, US$100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024. […]

by Adzer Iwanger

January 19, 2021

CBN Disburses N10bn Intervention Funds To Kano Industries Affected By Pandemic

Nairmetrics reports that The Central Bank of Nigeria has disbursed the sum of N10billion to Kano companies affected by the pandemic, through a consortium of Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development and Manufacturers Association of Nigeria (MAN). This was disclosed on Monday in Kano by the DG of KanInvest & […]

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