Archives Tag: Funding
How to Bridge Nigeria’s SME Funding Gap
April 19, 2022
A majority of Nigerian SMEs aren’t getting the funding they need to scale. One report from the CBN says that between 2013 and 2017, only 5.3% of small and medium scale businesses in the country had access to bank credit. A staggering 85% of SMEs were unable to receive external funding. Read more about Business … Continue reading How to Bridge Nigeria’s SME Funding Gap
4 International Funding Opportunities for Nigerian Entrepreneurs (May 2020)
April 19, 2022
If you are looking for the latest funding opportunities for Nigerian entrepreneurs, you may find one here that you qualify for. This month’s selection includes an accelerator program and calls for innovative startups to come up with solutions that’ll remedy some of the world’s most pressing challenges. Read more about COVID-19 Here’s the best of … Continue reading 4 International Funding Opportunities for Nigerian Entrepreneurs (May 2020)
6 Funding Opportunities for Nigerian Businesses in 2020
April 19, 2022
If you’re a business owner in Nigeria and you’re seeking funding to take your enterprise to the next level, you’ve come to the right place. This article presents some of the top funding opportunities for Nigerian businesses in 2020, available from private and government funding programs run by local and international bodies. It also notes … Continue reading 6 Funding Opportunities for Nigerian Businesses in 2020
Apply for the $100 Million GroFin Business Fund
April 19, 2022
GroFin is offering to finance small and growing businesses across Nigeria. If you’re an entrepreneur and you need extra capital to scale up, you might get the support you’re looking for from them. Your business could get a boost worth between $100,000 and $1.5 million if your application meets their criteria. GroFin is a private … Continue reading Apply for the $100 Million GroFin Business Fund
Up to ₦3 Million Grant Available for Franchises by the FBDS
April 19, 2022
If you run a growing business and you’re seeking to expand to new locations, here’s a chance to get the support you need to make it happen. The Franchise Business Development Service (FBDS), Nigeria’s pioneer franchise consulting service, is organizing the Naija Biz Scale Up event for entrepreneurs who want their brands to reach new … Continue reading Up to ₦3 Million Grant Available for Franchises by the FBDS
Win up to 30,000 USD seed funding at the third edition of GenesysIGNITE
April 19, 2022
Do you have that amazing innovation or idea you believe can solve one of the pressing problems in the society? Only there’s a “but” – major funding? This is another opportunity Genesys Tech Hub is presenting for innovative startups to win seed funding up to $30,000. Genesys Tech Hub Genesys Tech Hub is a people-centred … Continue reading Win up to 30,000 USD seed funding at the third edition of GenesysIGNITE
By aanu-olajide
A Sweeping Look At Nigeria’s MSME Space
April 19, 2022
Nigeria’s entrepreneurial spirit is alive, and hard to miss. It’s on the raucous streets of Lagos, where caterers sell their food from makeshifts sheds, in the midst of moving commercial buses, sweaty hawkers, and high-rise buildings. It’s in the tanneries of Kano, where world-class leather starts its journey to thousand dollar valuation. It’s on show … Continue reading A Sweeping Look At Nigeria’s MSME Space
Here’s How to Access the DBN Loan Facility for Small Businesses
April 19, 2022
Officials at the Development Bank of Nigeria say the institution could be disbursing ₦100 billion to small businesses in the country this year. As such, they’re expecting more loan applications from MSMEs in need of funding to scale their operations. Starting in 2017, the DBN has given out loans exceeding N30 billion to over 35,000 … Continue reading Here’s How to Access the DBN Loan Facility for Small Businesses
Cathay Innovation and Africinvest Are Launching a $168 Million Fund for African Startups
April 19, 2022
Two investor bodies- Tunisia-based Africinvest and venture capital firm Cathay Innovation –are combining forces to build a $168 million fund for startups on the African continent. Their intention to stake new money on the continent’s emerging tech ventures was made public on Wednesday. Africinvest, which has a history of supporting businesses from across Africa’s commercial … Continue reading Cathay Innovation and Africinvest Are Launching a $168 Million Fund for African Startups
Andela Snaps Up $100 Million Series D Funding Led by Al-Gore’s Investment Firm
April 19, 2022
Andela, the software development outsourcing startup famous for training hundreds of African software engineers, has secured a $100 million investment in its series D funding round. The latest pool of support, disclosed yesterday, comes from a group of investors led by former US Vice President Al Gore’s Generation Investment Management, and other notable organizations such … Continue reading Andela Snaps Up $100 Million Series D Funding Led by Al-Gore’s Investment Firm
SME 101: Do You Need Money for Your Business?
April 19, 2022
When asked, 3 out of 5 (would-be) entrepreneurs will tell you that raising money to fund their business idea is the reason they have not launched out. I beg to differ. Depending on the type of business you want to embark on, you really do not need millions of naira to start. Consider these: Save … Continue reading SME 101: Do You Need Money for Your Business?
By liz-taylor
Funding And Growing Your Business
April 19, 2022
When looking for financing to take your business to the next level, you can increase your chances of success by setting your sights far beyond the traditional business loan. Here are numerous sources for achieving your aim: 1. Community bank: large banks may not be open to fund your business, community banks like credit union, … Continue reading Funding And Growing Your Business
By guestpost
Applications Nigeria Press Release Society
Notice of Funding Opportunity: U.S. Consulate General Lagos, Public Affairs Section
April 19, 2022
2018 SMALL GRANTS PROGRAM The Public Affairs Section of the U.S. Consulate General Lagos invites non-governmental organizations working in Southern Nigeria to submit proposals for small (up to 9,900. USD) grants. The proposals must support at least one of the goals outlined below. Deadline for submission is March 29, 2018. Depending on the availability of … Continue reading Notice of Funding Opportunity: U.S. Consulate General Lagos, Public Affairs Section
BUSINESS CAREER E-Commerce Economy Finance 7 more...
How To Get Funding for a Start-Up
April 19, 2022
Whenever people decide to embark on the journey towards entrepreneurship, one challenge which always seems to weigh them down is lack of funds. This challenge quite often stalls mental creativity. Let’s remove that barrier by addressing a few ways to raise funds for a start-up: Start with what you have One thing every investor you approach will ask … Continue reading How To Get Funding for a Start-Up
By ann
SME Finance: How to Raise Capital for Small Businesses
April 19, 2022
Like all businesses, raising and securing a solid capital base presents a huge challenge to small and medium-sized enterprises (SMEs). Even the best ideas thought up by the smartest entrepreneurs will remain just an idea until some sort of funding is available to bring about its execution and maintenance. Finance is a crucial element for … Continue reading SME Finance: How to Raise Capital for Small Businesses
By kobe
