Tag: SME

Why banks must take SME funding seriously
Startups

Why banks must take SME funding seriously

It is imperative to ask, what are the banks in Nigeria doing to enhance the viability of SME (Small and Medium-scale Enterprises) that are abound in the country? However, it is clear that challenges confronting startups are similar; access to strategic loan/fund and management empowerment training tools, which can be […]

AfDB Approves USD150 Million SME Loan
Big Business

AfDB Approves USD150 Million SME Loan

The African Development Bank Group (AfDB) and Nigeria’s United Bank for Africa (UBA) have signed a $150 million loan agreement to finance Small and Medium Scale enterprises (SMEs). The loan was initiated to also finance infrastructure and women-owned enterprises in Nigeria, AfDB said in its news release. “The Fund will […]

No End in Sight For SMEs To Access Loans
Startups

No End in Sight For SMEs To Access Loans

After many decades of talk and empty policies, how the challenge of Small and Medium Enterprises (SMEs) having access to loans and financing can be defeated is yet to be seen. Many entrepreneurs have told stories of how they got help from family, friends and well-wishers who believed in their […]