South Africa is a country with an incredible economy comprising business of all types – formal and informal. The presence of these businesses has further led to a rapid boost in the South African economy, especially in the business sector. However, this boost won’t be possible without certain loans in South Africa for such business […]
In a bid to ease citizens from economic challenges imposed by the pandemic, the Federal Government announced it has initiated the development of an Economic Sustainability Plan of N2.3 trillion to improve payroll support to businesses, Micro Small and Medium Enterprises (MSMEs). The Sun reports that, The Minister of Works and Housing, Mr Babatunde Fashola, […]
Small, micro, and medium enterprises known as SMEs are the backbone of any economy in a country. They are non-subsidiary, independent firms or organizations that are invested in employing a large populace of the labor force. Small firms usually have fewer than 50 employees, while micro-enterprises have at most 10, or in some cases 5, […]
The Survey which is coming after a similar one conducted twenty-two years ago (1997/98) is necessary, especially now that the current government is restructuring the economy for faster growth through support to Small, Medium and large-scale enterprises, in order to increase their productivity. The National Business Sample Census is expected to last two months from […]
SMEs are vital contributors to the economies of virtually every country across the globe. However, the COVID-19 pandemic inflicted great commercial hardship on most of these businesses. The situation is worse in Africa. According to the Uganda Business Impact Survey 2020, 85 percent of SMEs in Uganda will be adversely affected by the ripple effects […]
It is quite important to say that digital marketing is a concept to consider in this era if you’re a business owner or want to start a business. Digital marketing is the use of the Internet, mobile devices, social media, search engines, and other channels to reach consumers. Digital marketing has become the major technology […]
The African Development Bank, the government of Nigeria and Microsoft on Monday launched the Digital Nigeria eLearning Platform, to provide marketable digital skills to the country’s youth. The Digital Nigeria eLearning Platform is a key component of the Digital Nigeria programme, which aims to empower innovators and entrepreneurs with the requisite skills to thrive in […]
One of the biggest problems affecting businesses today is access to funding. SMEs have been key to the social and economic development of Ghana for several decades. Since they are just about the main driver of development, production, and employment creation, funding is very important. There is no secret that the number one problem facing […]
Jeff Bezos is a perfect example of the power of vision. He once drew a business plan for an online bookstore during a cross-country trip. At the time, nothing suggested that the company he hoped to establish would launch him into the coveted title of the “wealthiest man in the world by 2017.” Initially, Amazon […]
In recent times, there has been an increase in the establishment of small businesses all over the country. Whether as sole proprietors, entrepreneurs, or SME’s there is a need for these businesses to be registered. Many owners of small business in Nigeria trivialize the need to register their businesses for various reasons which are; ignorance, […]
