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 […]
In a bid to hasten the economic recovery of businesses in Oyo state, the state Governor, Seyi Makinde, has inaugurated a N1 Billion Micro, Small and Medium Enterprises (MSMEs) Development Scheme. Makinde said the scheme was part of the state’s post-COVID-19 economic recovery plans. The governor, while carrying out the symbolic presentation of cheques to […]
The International Finance Corporation (IFC), a member of the World Bank Group has announced an investment of up to $100 million in Zenith Bank Plc to help increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic. The IFC’s loan to Zenith Bank is its first […]
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has granted a one-year moratorium to beneficiaries of the One Local Government One Product (OLOP) intervention fund. Director General of the agency, Dr. Dikko Umaru Radda said the extension takes effect from April 2020. He made a statement saying, SMEDAN was conscious of the fact that […]
The Hague Institute for Innovation of Law (HiiL) Southern Africa is looking for startups that are developing sustainable, scalable solutions to pressing justice needs to apply for the HiiL Innovating Justice Challenge 2020. Winning ideas will be selected to attend the HiiL Justice Accelerator. The accelerator offers a four-month programme that provides €10 000 non-equity, […]
The Central Bank of Nigeria (CBN), has waived the requirement for the provision of guarantors by Small and Medium Enterprises (SMEs) and households that applied for its N50 Billion COVID-19 targeted credit facility. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement, Monday, also assured all successful household and SME applicants that have […]
The Rural Electrification Agency (REA) has said arrangements are being concluded for the implementation of component two; ‘Productive Use Appliances and Equipment in Off-Grid Communities of the African Development Bank (AfDB) financed Nigeria Electrification Project. Being implemented with collaboration with the Power Africa Nigeria Power Support Programme, Managing Director/CEO of REA, Ahmad Salihijo Ahmad, who […]
In the midst of the COVID-19 pandemic and its consequent global economic crisis on small businesses on the African continent, the GreenTec Capital Africa Foundation, together with the French Development Agency, will hold a summit which seeks to support and encourage the growth of startups in francophone African countries. The GreenTec Capital Africa Foundation (GCAF) […]
We all know the struggle new businesses face raising capital or even to execute certain projects. It is therefore only fair that there is a means by which they can get financial assistance. A venture capitalist is an investor is willing to help startup projects and small businesses by providing the capital needed to propel […]
What most times separates the outliers from the rest of us is the adeptness to see things differently. When we are faced with difficulties in life, outliers see an opportunity to create magic, others just complain, adapt and move on. Temilola’s journey into the world of entrepreneurship was a response to a difficult situation; a […]
