In this post, we will discuss the benefits of SMEDAN registration to SMEs in Nigeria. The Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) came into existence to aid MSMEs’ development. Since its inception, the body has achieved and still achieving several objectives within the Nigerian business sector. To carry out these objectives, the […]
Choosing a bank for your personal banking needs can be quite a task. Bear in mind that the one you settle for will have a huge impact on your business. Therefore, you have to be careful with your choice as a step in the wrong direction will negatively affect your business sooner or later. If […]
Finding funding options when starting up your business can be a rocky but rewarding process. With the rapid emergence of SMEs in Africa, one of the major challenges these small businesses are faced with is generating capital for starting, sustaining and scaling their business. The African continent is plagued with lack of infrastructure, poor funding […]
It is a known fact that no business can survive without access to funds. From starting the business to operating its day-to-day affairs, getting the right human resources on board, and even taking strategic actions. Money is just one resource that a business owner cannot do without. There are several ways that entrepreneurs raise funds […]
Expenses are part of the story of starting and running businesses. Setting up a business can be seen as an exciting adventure as business owners create solutions to problems and earn profits as a result of it. However, it is also true that this quest of problem-solving and creating solutions can be expensive. Business owners […]
If you are the owner of an SME in Africa, then you must have heard about the SMEDAN certificate of registration. We shared some information about the SMEDAN mass registration for MSMEs in Nigeria. This process aims to get a comprehensive list of all the MSMEs within the country. SMEs that register with SMEDAN are […]
It is no longer news that most start-ups fail in their first few years. Research has proven that small businesses have an average life span of 4 years. While there are many challenges such as the location within which the business is founded, financial constraints, and more, that impair the chances of a business succeeding, […]
South Africa is a country with an incredible economy comprising business of all types – formal and informal. The presence of these businesses has further led to a rapid boost in the South African economy, especially in the business sector. However, this boost won’t be possible without certain loans in South Africa for such business […]
Small, micro, and medium enterprises known as SMEs are the backbone of any economy in a country. They are non-subsidiary, independent firms or organizations that are invested in employing a large populace of the labor force. Small firms usually have fewer than 50 employees, while micro-enterprises have at most 10, or in some cases 5, […]
SMEs are vital contributors to the economies of virtually every country across the globe. However, the COVID-19 pandemic inflicted great commercial hardship on most of these businesses. The situation is worse in Africa. According to the Uganda Business Impact Survey 2020, 85 percent of SMEs in Uganda will be adversely affected by the ripple effects […]
