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SMEs

Alternative lenders help the SMEs but slow payers harm

Between today and the year 2030, the digital revolution will profoundly change how small business owners in South Africa operate, attract funding, grow their businesses and change our economic landscape. Our economy is changing lightning-fast, with technology being the single biggest catalyst. Between now and 2030, robotics, artificial intelligence, Blockchain …

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Africa’s No.1 Philanthropy Takes Business Buzz To A Whole New Level – Giving Out USD 5 K Each To 100,000 Africans

The Tony Elumelu Foundation (TEF) is going to give out USD 5 K each to 100,000 African entrepreneurs in the next 10 years. It’s the latest development in its drive to transform the continent through entrepreneurship. The United Nations Development Programme (UNDP), has partnered the Tony Elumelu Foundation (TEF) — …

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Alitheia IDF is now accepting applications for the Nzinga Scale Fund for businesses seeking up to $3 million in funding

Alitheia IDF, a private equity fund that identifies, invests in and grows SMEs led by gender-diverse teams to achieve solid financial returns and tangible social impact for communities in Africa, has launched the Nzinga Scale Fund with the aim of investing up to $3 million along with technical assistance resources …

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TANOE hosts Executive from Engineers Without Borders in Ghana

The CEO of The African Network of Entrepreneurs (TANOE), Mr. Ekow Mensah, on Monday, 24th of June, 2019 hosted Alina Lin, the Kumvana Fellowship Recruiter and Project Manager from Engineers without Borders (EWB) in Ghana.  The meeting was to discuss the Kumvana Fellowship Program and the possibility of getting TANOE …

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Nedbank’s R3.2m partnership with programme will support Cape Town entrepreneurs

The RLabs Innovation and Entrepreneurship Programme which was launched on Friday 21 June has been enabled by a R3 220 000 partnership with Nedbank. The programme will provide support, advisory services, resources, mentorship and incubation for 50 women and youth-led entrepreneurs from the peri-urban, township and other marginalised communities across …

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Stanbic Bank rolls out Sh20 billion women-only loans

Stanbic Bank  has launched a Sh20 billion kitty targeting women entrepreneurs, coming amid a tough credit access environment for Small and Medium Enterprises (SMEs). Stanbic Bank chief executive officer Charles Mudiwa said the loans, whose interest rates were not immediately disclosed, aim to boost financial inclusion of women in formal and …

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