Friday, March 29

Small Business

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The African Diaspora Network (ADN) has been instrumental in not only offering a platform for dialogue, action and innovation but also driving investment opportunities in the continent, pertinently through their flagship symposium. The African Diaspora Investment Symposium (ADIS), fosters the entrepreneurial and innovative spirit of Africans in the diaspora together with their champions. The event has been for the past seven years since inception,  a catalyst for diaspora-driven initiatives and investment with the potential to shape the continent’s future as well as a platform to control the narrative about Africa. For the 2022 event, the Network seeks to bring the global community together to Silicon Valley; it has been hailed as the premium convening of the African investment ecosystem in Silicon Valley.

Since January, the Network has been running online forums, addressing thematic concerns and the pivotal role that the diasporan community can play in solving and sealing gaping deficits.…

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SMEs in Kenya account for 80 per cent of the jobs in the country. www.theexchange.africa

SMELink International is an SME networking platform that Links SMEs with opportunities both locally and globally. They have a database of resources for technical expertise, financiers, online training, market surveys, knowledge sharing and partnerships.

The TheSMELink conference will connect SMEs to opportunities within the Africa Continental Free Trade Area (AfCFTA) and global markets and hold discussions that will advocate for digitized trade and networking mechanisms that will excite youth inclusion Women in business.

Frida Owinga, the founder of SME Founders Association, explained that there was value in targeting SMEs with sustainable solutions to help their businesses scale, saying, “SMEs in Africa and across the globe form the largest contributors of employment and provide a source of income to the largest proportion of the population. SMEs also account for most businesses worldwide and are important contributors to job creation and overall global economic development.”…

www.theexchange.africa
  • Stanbic Bank, Stanbic Kenya Foundation and the German Development Cooperation have signed a deal to help MSMEs
  • The partners say the Ksh 62million project seeks to support Micro Small and Medium Enterprises (MSMEs) to respond, restore and rebound from the effects of the pandemic

Kenya’s Stanbic Bank, Stanbic Kenya Foundation and the German Development Cooperation have entered into a partnership aimed at accelerating business recovery and growth of small enterprises post the Coronavirus Disease (COVID-19) Pandemic.

In a statement, the partners say the Ksh 62million project seeks to support Micro Small and Medium Enterprises (MSMEs) to respond, restore and rebound from the effects of the pandemic.

The partnership is under the Employment and Skills for Development in Africa (E4D) Programme commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ and Stanbic Kenya Foundation.

The business recovery interventions under the partnership will be provided …

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