All SMEs in Africa need both financial and intellectual support to take their businesses to the next level. This is why the Nigerian Federal Government created the survival fund scheme to help Nigerian SMEs that register with SMEDAN. Furthermore, Nigerian MSMEs that are registered with SMEDAN can also enjoy the MSMEs mass registration program currently […]
The lack of financial support is unarguable, top on the list of the recurring challenges faced by SMEs in Africa. This gap between the finance available to SMEs and the finance that they need to attain their full potential is further widened by the competitive market for the limited supply of investors’ funds. This survey […]
The term omnichannel is not new to the marketing industry. Most businesses might be using this technique without actually knowing this terminology. Omnichannel refers to the sales and marketing experience that your customers have throughout all your channels, whether it be in-store or online. It allows your customer to enjoy a seamless experience with the […]
If you haven’t heard about SMEDAN’s MSME Mass Registration exercise, then you need to read this. Earlier this year, SMEDAN launched the MSME registration exercise. There are several benefits of this exercise to SMEDAN and the MSMEs in Nigeria too. For example, SMEDANs MSME Mass Registration exercise will ensure that the body has an updated […]
Did you know that these companies, Airbnb, Uber, Slack started after the 2008 recession? Although it may seem like a national crisis let alone a global crisis can spell doom for most SMEs and businesses, it is also an opportunity that some agile entrepreneurs have seized to start-up or scale their ventures. Opportunities present themselves […]
This is the season for businesses across the country to see the bottom line on their income statements change from red to black! Black Friday is just around the corner, and this is a great time to review your sales forecast goals and develop a strategy to meet them through your holiday campaigns. So what […]
It is almost impossible for SMEs to run without loans. Did you know that SMEs in Africa create employment as high as 80%? Africa has continued to expand remarkably as SMEs increase yearly. The challenge, however, for most SMEs in Africa is the lack of funding and access to credit. The government in various African […]
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 […]
One of the most common challenges that SMEs in Africa face is raising funds to take the next step. Many business owners believe the only thing standing in the way of their businesses being a force on the global scale is funding. However, funding without adequate SME training is a perfect recipe for disaster. SMEDAN […]
By now you must have heard that SMEDAN has called for MSMEs in Nigeria to register on its portal. Completing your registration with SMEDAN comes with several benefits to these businesses; one such benefit is access to loans. We all know how much trouble it is to raise capital to start up and run businesses. […]
