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Africa

South Africa and India to deepen business ties

The Indian President was recently on a state visit to South Africa for bilateral discussions. On the occasion the South African President Jacob Zuma called on Indian business to strengthen bilateral cooperation. As part of efforts to deepen relations with India, South Africa has invited Indian businessmen to invest in its massive infrastructure development program, with investment estimation amounting about ...

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The african union summit begins at addis ababa with aim to boost intra-african trade

Under the theme, Boosting Intra-African Trade, the African Union Summit commenced at Addis Ababa, the capital city of Ethiopia. The prime theme of the summit is the role of women in trade in Africa, the role of women entrepreneurs and food security in Africa. This summit aims to update the participants on what is being done on the continent in ...

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Cameroon to flow £95m injection for SMEs

By challenging SMEs to get to get out of their “comfort zone” and export goods abroad, Prime Minister David Cameron announced that £95m was to be given to small and medium sized enterprises by the regional growth fund. The injection comes from the £950 million Regional Growth Fund that was announced on 31st October. The funding is expected to create ...

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Nairobi-SMEs targeted in poverty war

The government says it has earmarked small and medium enterprises as a tool for poverty eradication in the country. Permanent Secretary in the Ministry of Trade, Silas Njiru, said trade and investment initiatives would be promoted to fight poverty.“By empowering small scale business owners to do business they will in turn offer employment to unemployed Kenyans thus combating the issue ...

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Ghana, Japan Sign Exchange Notes

The Governments of Ghana and Japan have signed an exchange note where the Government of Japan will provide two kinds of grant assistance for the Detailed Design of the project for the Rehabilitation of National Trunk Road Number 8 and the Sector Non-Project Grant Aid (NPGA) in support of Small Medium Enterprises (SMEs). Speaking at the signing ceremony in Accra ...

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Jamaica-High hopes for junior stock exchange

The junior market which is to be launched by the Jamaica Stock Exchange (JSE) in April is being pitched as a major boost for the Jamaican capital market -and the overall economy- where local small and medium enterprises (SMEs) will gain access to funding in a similar manner enjoyed by their counterparts in some of the greatest financial centres of ...

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Zimbabwe: Strategic Plan for SMEs On Cards

GOVERNMENT will early next month launch a five-year strategic plan for small to medium enterprises aimed at boosting operations of the sector. SMEs Development Minister Mrs Sithembiso Nyoni said that the strategic plan would strive to address some of the challenges facing SMEs. Lack of funding, limited access to land, poor infrastructure and strict council by-laws were some of the ...

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Egypt to receive three-year grant from France

French PM Francois Fillon (L) speaks during a joint press conference with PM Ahmed Nazif (R) after the signature ceremony of various accords of mutual cooperation between their countries. The French Development Agency (FDA) is to give Egypt between €100 and €150 million annually over the next three years for development, French Prime Minister Francois Fillon announced on December 22, ...

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RWANDA: Entrepreneurs Lack Business Skills – Survey

A recent survey on the capacity needs of the Small and Medium Enterprises (SMEs) among 21 districts of Rwanda carried out by Private Sector Federation (PSF)-Rwanda indicates that about 80 percent of the 2,100 total sampled businesses lack entrepreneurship skills. The biggest worry is that this is greatly affecting their competitiveness, not only on the local market but also in ...

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NIGERIA: Smedan Challenges South-West Governors on SME Development

>Governors of states in the South-west geopolitical zone of Nigeria have been challenged to create an enabling environment that would encourage in-flow of investments into the region’s small and medium enterprises (SME) sub-sector. Acting Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr. Olawale Fasanya, made this call at the official opening of a three-day SME Investment ...

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