SMEDAN unveils portal to network MSME
Businessam Staff
April 24, 2018
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has introduced a portal that would upgrade and connect the business activities of the MSMEs to the global market. The portal would connect artisans to more clients, create jobs, improve proficiency through capacity building and assist to eradicate quackery among artisans and professionals in skills […]
African SMEs to benefit from $74m guarantee facility
Businessam StaffMarch 2, 2018
SMEs in Africa’s infrastructure sector are to benefit from African Guarantee Fund’s increased capacity through GuarantCo’s re-guarantee facility of about $74 million. The African Guarantee Fund (AGF) said Friday that it had entered into a re- guarantee transaction of an amount of up to $74 million with GuarantCo, an arm of Private Infrastructure Development Group […]
GE, NYSC partner on entrepreneurial skills for members
Businessam StaffFebruary 28, 2018
GE, the world’s premier digital industrial company, has announced a partnership with the National Youth Service Corps (NYSC) to empower members of the service with entrepreneurial skills in line with its commitment to skills development in Nigeria. Known as the Start & Improve Your Business (SIYB) training programme, the initiative which is based on the […]
Meet woman promoting indigenous chocolate production in Nigeria
Businessam StaffFebruary 6, 2018
Femi Oyedipe, the founder of LoshesChocolate, developed an affection for chocolates when she moved to Ghana from Scotland after her Master’s programme. Whilst in the gold coast, Oyedipe turned her hobby, making chocolate dessert cakes and confectioneries, into a side hustle. She moved back to Nigeria in 2014 to explore a career route as a […]
Makeup artists, tilers, hairdressers to benefit from N26bn Bankers’ Committee loan
Businessam StaffDecember 11, 2017
The Bankers’ Committee, an umbrella body of officials of Central Bank of Nigeria (CBN) and managing directors of deposit money banks (DMBs) has adjusted the pricing and disbursement of the special Agric Fund it unveiled early this year to include makeup artists, tilers, and hairdressers. Godwin Emefiele, CBN governor, disclosed this Sunday while briefing the […]
SMEs provide opportunity for Africa to grow its debt market
Businessam StaffNovember 30, 2017
Investments into private firms in Africa are funded by a relatively low proportion of debt compared to equity, especially in contrast to developed markets, where debt is more readily available and affordable, writes Kelsey Tanner, senior private equity analyst at RisCura. This is according to RisCura’s latest private equity update of its Bright Africa report, […]
Fidelity Bank disburses N2.5bn to 500 SMEs operators
Businessam StaffNovember 22, 2017
Fidelity Bank Plc said it has disbursed the sum of N2.5 billion out of the Central Bank of Nigeria (CBN) N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF). Nnamdi Okonkwo, the bank’s Managing Director/ Chief Executive Officer said this at a news conference to unveil the company’s partnership with Africa’s Young Entrepreneurs (A.Y.E) […]
Franchising seen growth area for Nigerian SMEs as Africa Franchise Centre launched in Lagos
Bukola OdufadeNovember 21, 2017
Franchising has been identified as the next growth area for African small and medium start-ups. This was disclosed Tuesday when the Africa Franchise Centre (AFC), a groundbreaking initiative, was formally unveiled in Lagos. The AFC is set up to “rescue African SMEs and create prosperity on the continent”, by acting as a recruiting center, and […]
Elumelu, Kagame to headline Young Entrepreneurship Day at the Africa 2017 Forum
Businessam StaffNovember 8, 2017
Paul Kagame, President of Rwanda and chairman of Smart Africa, and Tony Elumelu, Founder of the $100m Entrepreneurship Programme, will be headlining the Young Entrepreneurship Day (YED) at the Africa 2017 Forum December 7 in Cairo, Egypt. The YED, a new addition to the Forum, will take place on the eve of Africa 2017. It […]
Facebook launches Africa’s first SME council in Nigeria to support medium-sized business on the continent
Businessam StaffOctober 26, 2017
Facebook has launched its Nigerian SME Council, the first of its kind on the continent. The council forms part of Facebook’s ongoing commitment to help support small and medium-sized businesses throughout Africa. The Nigerian SME Council thus joins 10 SME Councils across the globe, including North America, Ireland, UK, Germany, France, Italy, Sweden, Poland, India […]