Micro, Small and Medium Enterprises (“MSME”) represents one of, if not the most important sector of the country’s economy. It currently represents 96% of the businesses in Nigeria and contributes 75% of the National employment. Hence, the growth in this sector is directly correlated with growth in the economy as a whole and the level […]
All SMEs in Africa need both financial and intellectual support to take their businesses to the next level. This is why the Nigerian Federal Government created the survival fund scheme to help Nigerian SMEs that register with SMEDAN. Furthermore, Nigerian MSMEs that are registered with SMEDAN can also enjoy the MSMEs mass registration program currently […]
This post will discuss the eligibility criteria for the SMEDAN MSME registration. For small and medium business owners, funding poses a real challenge to effectively running their operations. SMEs are the core of the economic sector and are also responsible for driving innovation and competition for any economy. While capital plays a huge role in […]
Both large-scale and SMEs go through a crisis, although some forms of crisis are predictable and can be prevented, others are sudden and need to be managed. SMEs in Africa are typically exposed to protracted periods of crisis due to several factors ranging from inability to access financial aids to corruption. Hence, learning to manage […]
Raising funds for your business is one of the biggest challenges that entrepreneurs face. If you are in this position, you must be seeking ways to position your business to attract investors. You need to have a clear idea of how to pitch your SME business to attract investment from financiers. This is very important […]
Government has a role to play in helping SMEs thrive. SMEs in Africa are the biggest contributors to the Continent’s economy. In Ghana alone, small businesses contribute a whopping 70% to Ghana’s GDP. According to this report, SMEs in South Africa account for 91% of businesses, 60% of employment and contribute 52% of total GDP. […]
A lot of people are searching for new ways to earn additional income. This is why VTU businesses are becoming common in Africa. If you are reading this post, there is a huge chance that you are at best thinking about having one. However, running a successful SME in Africa demands that you expand your […]
Are you looking for a business to start with less than $100? Often, one of the hurdles of starting a business for many is not having enough capital to launch. With today’s advancement in digital technology, it is easy to establish or own business with little or no money upfront and even has the potential […]
The VTU business has gained a lot of traction in Nigeria and has become one of the easiest businesses to start in 2020. The VTU business has also become the most popular means to make payments like electricity bills, cable tv bills, recharge cards and other forms of payment. Africa as a continent is fast […]
The value of a business is important information for business owners. It enables them to ascertain the worth of a smaller stake in the business so as to sell part of it to equity investors for capital. The accurate estimation of the value of a business is crucial for this strategic decision and a business […]
