Browsing: Micro

• Inflation and high prices are the main factors negatively impacting the businesses of  Micro,Small and Medium Enterprises (MSMEs) in Africa according to the latest data from GeoPoll. 
• The report indicates that the next biggest impacts include lingering effects of the pandemic.
• To cope with the impacts of inflation, 36 percent of businesses owners had to chip in their personal savings to support their business.

Inflation and high prices are the main factors negatively impacting the businesses of  Micro, Small and Medium Enterprises (MSMEs) in Africa according to the latest data from GeoPoll.

The data dubbed Africa MSME Pulse Survey conducted in partnership with Africa 118 and The African Talent Company indicates that the next biggest impacts include lingering effects of the pandemic, rising exchange rates and political uncertainty. However, in Ethiopia, the tension in Tigray is creating political uncertainty more than any other factor.

“To cope with the impacts of …

EAC Partner States still have a critical role in enabling MSMEs growth to ensure long term sustainability and recovery by promoting programmes that prioritise MSMEs to spur demand for quality finished goods and progressively improve the region’s competitiveness.
“As the Community, we have the responsibility of enabling MSMEs growth to ensure long term sustainability and recovery,” said Dr. Mathuki.
The EAC Official informed the Exhibitors that the theme for this year recognises the impact of the Covid-19 pandemic on trade and places greater emphasises on quality and innovation as critical paths to enhance competitiveness. …

The Kenya Private Sector Alliance (KEPSA) on Thursday, February 25 launched an Ecommerce Booster Program targeting at least 2000 Micro, Small and Medium-sized Enterprises (MSMEs).

The program will be realized through funding from the European Union and UK’s Foreign Commonwealth Development Office.

TradeMark East Africa, a leading aid for trade regional body in East Africa will support the program, while the technical support for this program is being provided by Amari Consulting Ltd.

Types of businesses targeted

Businesses with little or no digital presence are being targeted for training and on-boarding to e-commerce platforms to ensure MSMEs can increase and diversify their revenue streams during this period of COVID-19 pandemic.

As COVID-19 pandemic continues to cause disruptions in the global and regional value chains, it has become clear that e-commerce is an important tool and solution for businesses and
consumers.

E-commerce can support small businesses in reducing their costs and …

Africa has more digital financial services deployments than any other region in the world, with almost half of the nearly 700 million individual users worldwide.…

As Kenya’s SME sector grows through a tough economic time, mentors are increasingly targeting the sector to offer guidance to small businesses.

The latest entrant is Wylde International which has invested Sh50 million in a one-stop-shop entrepreneurs centre in Nairobi dubbed SNDBX.

SNDBX gives entrepreneurs and SMEs timely and personalised access to round the clock business growth experts to help face challenges they are experiencing.

The centre is an all-access pass to more than 20 experts including finance, human resources, tax, legal, branding, marketing, debt collection, innovation, governance and risk management among others.

Speaking during the launch, Wylde International Chief Executive Joram Mwinamo, said the move was necessitated by the need in the market to help entrepreneurs scale up.

“An environment where ambitious entrepreneurs have a supporting cast of seasoned professionals. The SNDBX is a First of its kind in the world, developed over 10 years of working with entrepreneurs, …

The informal sector in Kenya employs approximately 14.9 million Kenyans and contributes an estimated 28 per cent to the country’s Gross Domestic Product…