Tag Archives: African SME’s

African SME’s: Latest News

  • Nigerian Entrepreneurs Using Technology To Grow SMEs

    Nigerian Entrepreneurs By Staff, 9:42 am

    Entrepreneurs behind top small and medium enterprises (SMEs) in Nigeria have revealed some of the technology tools they employ in growing their businesses in the country. That SMEs are a driver of the Nigerian economy is no longer news, and the Nigerian government has really put in efforts in recent times to see that this sector of the economy is harnessed. Entrepreneurs gathered at the Nigeria International Technology Exhibition and Conference 2017 all agree that technology drives businesses.

  • Barclays Bank Targets Small Businesses In Kenya To Grow Profits

    By Kevin Mwanza, 1:45 am

    Barclays Bank of Kenya is shifting its focus from large corporate clients to small businesses as it seeks to jumpstart its slowing profits and grow it at double digit rates like most of its local rivals. The bank, which was one of the largest in the country for decade, said it has allocated about $300 million to lending to small and mid-sized enterprises (SME) in its 2015/16 fiscal year

  •  Uganda Investment Authority Pairs 200 Startups With Financial Lenders

    By Staff, 4:16 am

    Small and Medium Scale Enterprises (SMEs) are widely regarded as the engine of growth of any economy, a reason for the increasing support offered to them by governments around the world. The Uganda Investment Authority (UIA) is planning on threading a similar path.
    This week, it announced a two-day event aimed at pairing 200 SMEs with 70 Private Equity (PEs) and Venture Capital (VCs) firms.

  • AfDB Approves $500M To Create Development Bank of Nigeria

    By Kevin Mwanza, 5:53 am

    The Board of Directors of the African Development Bank (AfDB) Group unanimously approved a financial package of 500 million dollars to support the establishment of the Development Bank of Nigeria PLC (DBN), a statement by the bank said on Wednesday in Abuja. The statement said the financial package consisted of loans of 450 million dollars and an equity investment of 50 million in the DBN.

  • South Africa Considers Injecting $270 Million Into Small Businesses

    By Kevin Mwanza, 9:29 am

    South Africa will probably need to invest about 3 billion rand ($270 million) to help smaller enterprises so that they can add to growth, Small Business Development Minister Lindiwe Zulu said. “We are expected to make proposals and we are looking at around 3 billion rand over the next three years,” Zulu said in an interview in Johannesburg today. The spending needs to be approved by the National Treasury

  • Global MBA Executives Seek Business Solutions In African SMEs

    By Lyn Eyb, 1:01 am AFKI Original

    More than 100 MBA executives from around the world will descend on South African townships in Cape Town and Johannesburg between July 6-10 to learn more about the ideas and innovations driving African businesses.

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