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Across Africa and the world, small businesses are the backbone of economic growth. From neighborhood retailers and family farms to emerging tech startups, entrepreneurs are turning ideas into livelihoods and strengthening local economies. Though classified as small and medium-sized enterprises (SMEs), their impact on employment, innovation, and economic resilience is anything but small. Globally, SMEs […]
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By Alan Shannon, Executive for Small Business Services and Private Clients at Nedbank For many small businesses, one of the obstacles to implementing new technology is a mindset that resists change. Many employees see technology as a threat to their jobs when, in fact, it can enable them to do their work even better, especially […]
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Standard Bank drives regional enterprise development Standard Bank’s newly minted Business & Commercial Clients (BCC) division is dedicated to leveraging the power of small, medium and large enterprises to expand inclusive domestic business growth across Africa. Gaborone-based BCC Southern Africa Head, Leina Gabaraane believes Africa is entering an exciting expansion phase, characterised by rapid private […]
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Standard Bank’s BCC division driving Africa’s growth one small business at a time Standard Bank’s recently established Business & Commercial Clients (BCC) division is deliberately focused on building a capability ecosystem to support small traders, agribusinesses, emerging manufacturers and entrepreneurs to grow into formal enterprises – or even become national corporates or cross-border multinationals. In […]
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Small businesses globally go digital at three-times pre-pandemic levels To shed light on the impact the global health crisis – and ongoing recovery – has had on small businesses globally, Mastercard released Recovery Insights: Small Business Reset. The report revealed that in the Middle East and Africa, lodging small businesses have consistently outperformed larger businesses in 2021 […]
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The funding was led by Africa’s top fintech founders and financial leaders. Payhippo’s new funding will enhance their technology capabilities to support small businesses in Nigeria with innovative solutions to unlock sources of capital for their customers and expand their talent. Payhippo, a lending startup that is widening credit access for small businesses in Nigeria, […]
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A recent webinar on supplier development, hosted by Cova Advisory, advised that South Africa has one of the highest failure rates of small enterprises in the world, with five out of seven start-ups failing within their first year. The webinar included participants from corporate, government and the professional services sector. Participants concluded that greater partnership between the […]
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Understanding the African Millennial Millennials have been under the microscope for a number of years now, with many organisations carrying out extensive research about this generation, their needs and how businesses can meet their demands. This has led to various stereotypes about the characteristics and behaviours of a group of millions of people born over […]
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Small businesses are an integral part of Africa’s economic development. If you have spent the last few years pouring your efforts into growing your business and you have seen it succeed despite the odds, then it might be important to you that the business is sold so that it continues to be part of the […]
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