Are you in search of profitable business ideas you can start? Did you know that six out of ten fast-growing countries in the world are African countries? The African continent has experienced a significant improvement despite the lack of infrastructure, increased corruption, and other ills. In no particular order, let’s explore 30 profitable business ideas […]
In a bid to improve the rate of unemployment in the country and aid farmers make bountiful harvest, farmers have partnered with the FG to provide equipment that will aid agriculture in rural areas. PUNCH reports, Farmers under the aegis of Food Growers Association of Nigeria on Monday announced their partnership with the Federal Government […]
In recent years, the VTU business has become increasingly popular among Nigerians for several reasons. Today, the business is considered by many to be one of the easiest businesses anyone can start in 2020. The VTU business is one of the profitable businesses any individual looking to start a small business can do. As the […]
Thirty startups from across Africa have moved to the regional finals of the Seedstars World competition, the overall winner of the competition is set to secure US$500,000 in funding. Disrupt Africa reports, The annual Seedstars World competition, which is taking place virtually for this cycle, received over 5,000 applicants from across the world, with 94 […]
Micro, Small and Medium Enterprises (“MSME”) represents one of, if not the most important sector of the country’s economy. It currently represents 96% of the businesses in Nigeria and contributes 75% of the National employment. Hence, the growth in this sector is directly correlated with growth in the economy as a whole and the level […]
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 […]
This post will discuss the eligibility criteria for the SMEDAN MSME registration. For small and medium business owners, funding poses a real challenge to effectively running their operations. SMEs are the core of the economic sector and are also responsible for driving innovation and competition for any economy. While capital plays a huge role in […]
Both large-scale and SMEs go through a crisis, although some forms of crisis are predictable and can be prevented, others are sudden and need to be managed. SMEs in Africa are typically exposed to protracted periods of crisis due to several factors ranging from inability to access financial aids to corruption. Hence, learning to manage […]
Raising funds for your business is one of the biggest challenges that entrepreneurs face. If you are in this position, you must be seeking ways to position your business to attract investors. You need to have a clear idea of how to pitch your SME business to attract investment from financiers. This is very important […]
Government has a role to play in helping SMEs thrive. SMEs in Africa are the biggest contributors to the Continent’s economy. In Ghana alone, small businesses contribute a whopping 70% to Ghana’s GDP. According to this report, SMEs in South Africa account for 91% of businesses, 60% of employment and contribute 52% of total GDP. […]
