As Inc. states, “Nothing is scarcer than cash (except maybe sleep) when you’re just starting out.” One of the most common questions that budding entrepreneurs ask is, “How do I find the money to start my business?” While there are a variety of ways to obtain funding for your business, there isn’t a one-size-fits-all answer.
Some African women entrepreneurs have just received a huge boost of $251 million support from the G7 Leaders through the initiative of the African Development Bank (AfDB), Affirmative Finance Action for Women in Africa (AFAWA).
Some warnings on serial entrepreneurship Starting lots of businesses is every bit as exciting as indicated. That being said, you need to keep in mind that there are risks, disappointments and stressors. Here are a few disclaimers: Beware when starting any business. To be an entrepreneur is to take risk. To live life in general […]
There are two types of entrepreneurs: those who start one company and those who start lots of companies. Those who start lots of companies like to describe themselves as “serial entrepreneurs’’ and this is evident in companies like Amazon, UBA Group, Tesla and Twitter which are very different companies, but with one common denominator: their […]
This week, we were proud to co-lead the $30 million Series A funding for one of our portfolio companies, e-logistics platform Kobo360, building upon their $6 million seed funding in 2018. For African tech startups, it’s an indication of not only how much this sector is evolving, but also an inspiration for those at an earlier […]
The Managing Director and Chief Executive Officer of the Development Bank of Nigeria(DBN), Tony Okpanachi, has revealed why Nigeria’s Micro, Small, and Medium Enterprises (MSMEs) sector is experiencing lack of funding despite the growing number of lenders in the country.
The Ondo State Government has disbursed N166 million soft loans to help boost Small and Medium-scale Enterprises (SMEs) in the State. The beneficiaries who were traders, market women, associations, groups and cooperatives societies, have obtained the loan through the state micro-credit agency.
As the competition between ride-hailing services continues to be stiffer across the country especially in Lagos, there have been growing concerns among stakeholders concerning the sustainability of the mode of operation being employed by ride-hailing startups.