One of the challenges you will experience as a small business owner is accessing adequate funding to attain your business goals. Experienced business owners will tell you that accessing funding for a business is no easy feat. If it were, Africa would be littered with more thriving businesses than failed businesses. However, being a pessimist […]
One of the greatest challenges you will experience as an owner of an SME in Africa is finding money to run your business. Whether it is renting an office space or purchasing the necessary equipment, you will need some money to get your business running. According to a recent report, more than 94% of new […]
What do you know about NEDEP? SMEs in Africa are unarguably, one of the most important sub-sectors of the continent’s economy. These small businesses represent nearly 90% of all commercial ventures across various African countries, employ an astonishing number of citizens each year. They also contribute to the GDP of the countries within which they […]
SME grants are vital to the success of SMEs in Africa regardless of the size, location, and sector. Although essential, funding can be very challenging to secure for business owners. This is one of the many reasons funding options for SMEs exist – to help SMEs in Africa achieve their business goals and objectives. Are […]
There are two major ways businesses get funding, equity and loans. The Federal Government of Nigeria has made efforts to create a favourable climate for SMEs in Nigeria. It is doing this through several Government SME intervention funds. From Federal Government loans for small businesses in Nigeria to CBN intervention funds, the government has set […]
Kalu Aja Cash is the lifeblood of any business, especially a small business. A small business by definition is ‘small’ with limited capitalization and fewer options to raise cash to finance operations. It thus follows that cash management to record and control cash coming in an out of the business is of paramount importance. Everything […]
