Archives Tag: SME
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
Africa Offers Great Opportunities for SME Growth – DHL
April 19, 2022
Small and medium-sized enterprises (SMEs) in Africa have an abundance of opportunities to tap from, said Charles Brewer, Managing Director of DHL Express, in a statement. Brewer added that SMEs are clearly the growth engine for Africa and the critical driver for sustainable economic growth. Economic growth in Sub-Saharan Africa is projected to be slightly higher in … Continue reading Africa Offers Great Opportunities for SME Growth – DHL
BUSINESS E-Commerce News Women Empowerment
Women Entrepreneurs to Get 60 Percent of SME Fund – CBN
April 19, 2022
The Central Bank of Nigeria (CBN) has earmarked 60 percent (N132 billion) of its N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) to women entrepreneurs in the country. Mr Onoriode Olotewo, the Branch Controller of the apex bank in Ilorin, Kwara State, spoke on behalf of the CBN Governor at an organized workshop … Continue reading Women Entrepreneurs to Get 60 Percent of SME Fund – CBN
By mary-odunuga
General Electric, Bank of Industry Pledge $500m Support for SMEs
April 19, 2022
General Electric and the Bank of Industry have agreed to a $500 million funding support for small and medium-sized enterprises in the area of infrastructure provision. In a joint statement made available to the media on Thursday, both companies said that the new arrangement would bring about the creation of affordable financing solutions for SMEs … Continue reading General Electric, Bank of Industry Pledge $500m Support for SMEs
By mary-odunuga
SME Forum for Retail and Distributive Trade
April 19, 2022
Distributive trade and service industries [DTSI] account for a substantial aspect of economic activities in every country, whether they are measured in terms of contributions to the GDP or share of total employment. In Nigeria, the sub-sector’s share of GDP is over 10 per cent. There are no reliable estimates of the percentage of able … Continue reading SME Forum for Retail and Distributive Trade
BUSINESS CAREER Tip of the Day
What Small Businesses Should Look Out for When Hiring
April 19, 2022
In business, quality comes before quantity. In other words, quality is a key factor for growth. As with the biblical David and Goliath, size does not always connote superiority. SMEs can thrive to greater heights in a competitive business world; all it takes is a potent work force. In fact, no business can flourish without … Continue reading What Small Businesses Should Look Out for When Hiring
By kobe
MSMEs, Solution to Unemployment – CBN
April 19, 2022
Mr. Tunde Lemo, Central Bank of Nigeria Deputy Governor, has highlighted the need for focus on the development of Micro, Small and Medium-scale Enterprises (MSMEs) in Nigeria, noting that the sector holds the key to solving the rising unemployment in the country. Lemo stated that MSMEs are key in generating employment, creating wealth, alleviating poverty, … Continue reading MSMEs, Solution to Unemployment – CBN
By kunle-binuyo
Nigeria, Russia to Promote Investment in SMEs
April 19, 2022
Nigeria’s relationship with other countries might start to pay off soon. Nigeria is working on bringing in Russian investors with focus on building SMEs and two other sectors of the economy – the oil and gas and agricultural sectors. To this end, a business forum is to hold in Moscow this week where Nigerian and … Continue reading Nigeria, Russia to Promote Investment in SMEs
AfDB Supports African SME Development Fund
April 19, 2022
African Development Bank (AfDB) has announced that its Board of Directors have approved a US $12.5-million equity investment in the Kibo Fund II, to allow the Fund provide access to finance and capacity building to an under-served market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states … Continue reading AfDB Supports African SME Development Fund
By kunle-binuyo
Heritage Bank, Pan Atlantic University Host SMEs in Growth Conference
April 19, 2022
Heritage Bank has partnered with the Enterprise Development Centre (EDC) of the Pan Atlantic University (PAU) to organize EDCs 7th, SMEs annual conference. The theme of this year’s conference is: “Models, Markets, Money – Positioning Your Organisation,” and will hold on September 25th, at EDCs Pan Atlantic University’s campus. In a statement by the Group … Continue reading Heritage Bank, Pan Atlantic University Host SMEs in Growth Conference
By sheyi
Knowing Your Customers, as a Small or Medium Business
April 19, 2022
By Mason Frederick In Introduction of marketing a small business, marketing was defined as the process through which you create — and keep — customers; emphasising the importance of customers to a business. Customers are indispensable, without them, businesses won’t exist. Henry Ford said something witty about customers, “It is not the employer who pays the … Continue reading Knowing Your Customers, as a Small or Medium Business
Google Nigeria: Committed to Development of ICT in Nigeria, Announces 2nd Edition of Web Fair
April 19, 2022
Google Inc, through its Nigerian company, Google Nigeria, is investing heavily in Information and Commucations technology in Nigeria. Recently, they declared and launched their commitment to removing barriers to internet access in the country, to helping undergraduate students improve their technical expertise, and to giving SMEs in Nigeria an affordable online presence. Juliet Ehimuan, country … Continue reading Google Nigeria: Committed to Development of ICT in Nigeria, Announces 2nd Edition of Web Fair
