Browsing: Biashara.Now

Most entrepreneurs have not prepared a succession plan for their businesses in case of their departure which has led to the collapse of many Small and Medium Enterprises (SME) in the demise or the absence of the business owner. Many SMEs also do not have comprehensive risk and asset management solutions. SMEs must develop a succession plan for their businesses according to Invest In Africa (IIA), a Not-for-Profit entity which is working to enhance the skills, improve access to markets and finance of SMEs. The institution which has partnered with a number of huge companies is leveraging on its online platform–Biashara.Now to create linkages between SMEs, suppliers and financiers.

Why most SMEs die after founder’s exit, way forward

Entrepreneurship July 7, 2019

Most entrepreneurs have not prepared a business succession plan for their businesses in case of their departure, industry players have noted, which has led to the collapse of many Small and Medium Enterprises (SME) in the demise or the absence of the business owner.

In most cases, it is the owner who carries the vision of the business and ensures that the business remains afloat.

Additionally, most SME’s do not have comprehensive risk and asset management solutions, which leaves them greatly exposed to manageable risks and therefore stand a very slim chance of recovering their business in case of an event.

This was reported during an Invest In Africa-Kenya and Liberty Life Insurance forum in Nairobi this week, attended by over 60 SMEs.

The forum was convened to discuss business sustainability beyond the owner under the theme: “Beyond the Business: Is there tomorrow for your company?”

Speaking at the event, …

Invest In Africa (IIA) has rebranded its online platform — African Partner Pool (APP), in a renewed effort to enhance its support for small players grow their businesses. The APP platform will now be known as ‘Biashara.Now.’ The organization is using its online platform to link Micro, Small and Medium Enterprises (MSMEs) with procurement opportunities available in the private sector across value chains, promoting local content and business sustainability.

Boost for SMEs as Invest In Africa regenerates entrepreneurs’ platform

Kenya May 17, 2019

Invest In Africa (IIA), a Not-for-Profit SME focused entity, has rebranded its online platform—African Partner Pool (APP)—in a renewed effort to enhance its support for small players grow their businesses.

The platform will now be known as ‘Biashara.Now’, a boost for SMEs seeking to grow their businesses in Kenya.

This comes as the entity marks two years of its online platform which links Micro, Small and Medium Enterprises (MSMEs) with procurement opportunities available in the private sector across value chains, promoting local content and business sustainability.