African retail and ecommerce marketplace TradeDepot raised $110 million in a Series B equity funding round led by Novastar, CDC Group, Endeavour Catalyst and World Bank Group member IFC (International Finance Corporation). Arcadia Funds led the debt funding component. We remain super focused on making digital commerce and financing both accessible and affordable to neighbourhood […]
How can an SME stay competitive? Large businesses have repeatedly proven their ability and willingness to leverage their sizes to achieve their goals. For SMEs, the situation is vastly different. They get financial penalties for misbehavior that they must pay in full or face even harsher consequences. Many small businesses are failing to pay their […]
Looking for budgeting tips for your business? Most businesses don’t have a budget and end up getting stuck in a financial rut. Financial planning for small businesses and developing successful budgeting techniques are not simple tasks. However, they are very important must-haves for a business looking to expand or get better. Budgeting is something to […]
The Nigerian Navy, National Inland Waterways Authority (NIWA) and Nigerian Export and Import (NEXIM) Bank, have begun the survey and charting for the lower River Niger and River Benue for enhanced waterway port to stimulate socio-commercial activities in the country. The project will open up the country’s inland waterways to 25 African countries and Europe […]
Beneficiaries to receive grant for non-oil exports *Nigeria to leverage ECOWAS TPOs to boost trade volume With the official launch of the Economic Community of West African States (ECOWAS) Trade Promotion Organisations (TPO) Network as part of measures to increase the volume of trade within the region, the Federal Government plans to boost its non-oil […]
The UK government Thursday launched the new Urban Climate Action Programme (UCAP) to support the cities and regions in developing countries most impacted by climate change to accelerate their transition to net zero. Backed with £27.5 million of new UK government funding as part of the UK’s International Climate Finance commitment, the programme will support […]
The Minister of Communications and Digital Economy, Prof. Isah Pantami, disclosed this during the International Conference on Computing and Advances in Information Technology, organised by Ahmadu Bello University (ABU) Zaria on Tuesday. The three-day conference, which was organised by the Department of Computer Science of the institution, has “Fostering Digital Economy Through Recent Trends in […]
Knowing the success factors for SMEs in Africa helps entrepreneurs know how to keep their businesses competitive. Starting and running a successful small, medium, and micro-enterprise in Africa is no easy feat. There are tons of factors that can directly or indirectly affect the forecast or objectives of your business. According to reports about 50% […]
Is it possible to make money online in Nigeria? Yes, it is and there are several ways to do this today. Nigeria’s population is estimated to be over 200 million people. According to NCC’s report of June 2017, about 91 million Nigerians have access to the internet. About 85 percent of these individuals use mobile […]
One of the easiest ways to make your business grow is to invest in high demand products. The challenge is that finding these products is not an easy task for entrepreneurs in Nigeria. Products in high demand may come across as pricey sometimes. Eventually, they become the best business venture for new and upcoming business […]
