June 30, 2020

MSME130 farmers to receive seed funding of N100,000 each

The National Information Technology Development Agency has kick-started a job and wealth creation programme where 130 farmers will each receive seed funding of N100,000. The programme will be supervised by the Federal Ministry of Communication and Digital Economy. According to a statement from the agency, the National Adopted Village for Smart Agriculture (NAVSA) programme is […]

June 29, 2020

Osinbajo, Katagum for World MSME Day

Vice President Yemi Osinbajo, Minister of State for Industry, Trade and Investment, Mrs. Maryam Katagum will alongside other stakeholders discuss the opportunities and challenges of the Covid-19 on micro, small and medium scale enterprises (MSMEs) in the country. The conversation slated for June 30, 2020, is part of activities to commemorate this year’s World MSME […]

June 29, 2020

Y Combinator reduces investment size to $125k, cites economic concerns

Y Combinator (YC), US-based seed-stage accelerator, is reducing the standard deal of its investment from $150 000 to $125 000. However, it is maintaining its 7% equity stake in backed startups. The announcement was made on Friday (26 June) by Y Combinator president, Geoff Ralston. The announcement coincides with the accelerator’s call for application for […]

June 27, 2020

ITU/UN Women Equals in Tech Awards 2020 for Gender Equality & Mainstreaming in Technology

The ITU/UN Women Equals in Tech Awards are given every year to organizations and individuals working to help girls and women gain equal internet access, digital skills and opportunities in the tech industry. Individuals and organizations can nominate their own initiatives or those of others for an award in the following categories: Access: Initiatives related […]

June 26, 2020

How local fowl farming can lift rural women

Women who reside in rural areas, have attested to the fact that those of them who are rear local chickens as means of livelihood are flourishing in the business. As it’s impacting positively on their families. Experts say local or native fowls are self-sustaining; that is they can raise their own replacement stock. A veterinarian, […]

June 26, 2020

Inclusive Fintech 50 initiative opens call for 2020 edition

Inclusive Fintech 50 is now open for applicants. The initiative aims to identify 50 innovative fintech startups driving financial inclusion and resilience for the three billion financially underserved people worldwide. The initiative, which is now in its second year, was founded by MetLife Foundation and Visa, with support from Accion and IFC, and additional funding […]

June 25, 2020

Entries open for Sixth annual AppsAfrica Innovation Awards

Entries are now open for the sixth annual AppsAfrica Innovation Awards which aim to showcase the continent’s most innovative mobile and tech ventures. The awards are open to corporates, established ventures or start-ups who have launched services in at least one African market. The winners of the awards will be invited to Africa Tech Summit […]

June 25, 2020

Ingressive Capital completes its $10m African fund, set to invest up to $400K in new startups

Ingressive Capital has announced the completion of its $10 million African tech fund. Founded by Maya Horgan Famodu in 2017, Ingressive Capital invests in high-growth tech startups across Africa. The venture capital fund targets pre-seed and seed stage tech businesses in both the B2B and B2C spaces. In 2019, Ingressive Capital announced that it will […]

June 24, 2020

Facebook supports African SMB’s through Virtual Economic Impact Programmes

Facebook made an announcement that all its Economic Impact Programmes will be offered virtually as the platform seeks to equip small businesses with digital marketing skills to help them stay open, connect with and acquire new customers to survive challenges presented by Coronavirus. Facebook’s Economic Impact Programmes include Boost with Facebook currently implemented in 11 […]

June 24, 2020

Tax enhancement strategies for SME growth and sustainability – PwC

In regards to the pressing challenge of obtaining funding faced by small businesses, PricewaterHouseCoopers (PwC) has come up with strategies to ensure sustainable growth for Small and Medium Enterprises (SMEs) in Nigeria.  In an annual report titled “PwC’s MSME Survey 2020- Building to last”, it said  Nigeria has the largest economy in Africa but the […]

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