Rana Samara and her team, one of the great companies at MenaAppps, will be participating at the SME Congress. If you are in Abu Dhabi make sure you stop by their booth and see some of the great work they are doing! Small and medium enterprises (SMEs) are a vital part of the UAE economy,…
The UK government has a stated goal of 25% of all IT spending currently but has not been able to meet that goal as it only has achieved 10.5% and now they have decided to double down and attempt to get 50% to SMEs. This is a very ambitious goal. They have removed the pre-qualification step of…
Britain’s Banks are convinced the key to repairing their relationships with customers is transparent data on their activities. This is a welcome but unusual approach especially in the banking sector which globally has profited from opaque management and limiting access. The British Bankers’ Association (BBA) hopes the data will convince people that its members genuinely…
Oshana Region governor Clemens Kashuupulwa is concerned about access to Small and Midsize Enterprise (SME) Bank finance and the Equipment Aid Fund which are taking too long to roll out to the northern regions. He has also noticed with INCOME concern that low demand for products and services, as well as distances to markets are perceived in…
The SME sector is critical to Africa‘s growth, contributing to 45% of employment and 33% of GDP, SMEs continue having issues to reliable and consistent capital for growth. Studies indicate that more than 70% of SMEs lack access to medium/longer term financing creating a funding gat of $140 billion US. This study nor the AfDB‘s…
The new SME program is expected to create not less than 100,000 direct jobs in the first two years of its operation and that, during the same period 300,000 indirect jobs would be created.The move by stakeholders to establish a bank aimed at aiding the financially crippled SMEs in the country, will contribute immensely to…
Everyone is quick to assume that either all MENA (Middle East and North Africa) entrepreneurs are men and that the women entrepreneurs would be doing soft things that impact investing likes both would be wrong. Women are the leaders in the Middle East tech revolution, which when compared to the male dominated Silicon Valley is…
The annual Global Entrepreneurship Monitor (GEM) 2012 report also identified access to finance in South Africa as a major stumbling block to early stage entrepreneurship – 43% of respondents in the report viewed it as a major constraint, particularly for new and emerging firms. Polo Radebe, chief executive of Identity Partners, an SME advisory and…
France does not have the best track record at this kind of behavior, any one look at Haiti lately? France is willing to convert a part of the Tunisian debt into investment projects,” French President François Hollande said. 80% of French enterprises set up in Tunisia are small- and medium-sized enterprises (SME) which frequently operate “as part…
Good news for small business in EU: Germany and Spain signed an agreement on Thursday to boost access to affordable credit for small and medium enterprises. “We want to ease financing for companies with solid business models and good growth prospects,”. This should be good for SMEs although knowing the Spanish system the process for getting access…