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K2 Blog & News

There is a boom in tech startups in Africa and a lot of Ideas have blossomed into full-fledged working companies and the world is beginning to take notice.

Many tech startups domiciled in Nigeria and Africa at large have become the recipients of funding from various international venture capitalist firms and investment companies.

All the tech startups that have received funding or any kind of support from various investors or venture capitalists have one thing in common, Pitching.

Pitching is important for different reasons, the first reason is funding. One of the fastest and also the most popular ways to get funding as a startup is by pitching your business idea. Most founders of successful startups have at some point in the process of building their companies had to pitch their companies to someone or a group of people in order to get them to be interested enough to fund it.

Another good reason to pitch is to get ideas. An idea can be great but inputs can make it better. Whatever the idea is, when brought before a good audience there is a great possibility that people would have a take on the idea and could make contributions on how it could be better or easier.

SMALL and Medium Scale Enterprise (SMEs), have been urged to digitise their structures to explore available loan facilities by different banks.

The SMEs, who current­ly experience the chal­lenge of access to finance, were urged to simplify their process in data gath­ering and information analysis to get captured.

Experts who gathered at a virtual event organised by Sparkle Microfinance Bank, said small busi­nesses do not usually have the capacity and expertise to create and maintain proper documentations and financial records at the level and in a manner that would show transpar­ency and efficiency for fi­nanciers to extend credits to them.

Millions of semi-formal small and micro-African businesses are to benefit from opportunities in the African Continental Free Trade Agreement (AfCFTA) as MFS Africa, a digital payments network, has announced that it has joined the Pan-African Payment and Settlement System (PAPSS) network.

PAPSS is the newly established African cross-border and financial market infrastructure facilitating the payment, clearance and settlement for intra-African trade payments.

The synergy would enable MFS Africa to extend the reach of the PAPSS network to over 320 million mobile money and last mile users across 35 African markets, enabling borderless and seamless possibilities for transactions and trade.

Founder and CEO of MFS Africa, Dare Okoudjou, said borders do not limit Africans and that money should not be either.

In the drive for efficient, effective and exceptional service delivery to SMEs in the FCT, the management and staff of the Abuja Enterprise Agency held its 2022 Staff Induction and Re-orientation Program recently.

 

The programme which was a three (3) day intensive program took place at the Agency’s Auditorium from 25th – 27th of January 2022.

 

The Ag MD/CEO Mr Shehu Abdulkadir who spoke at the opening ceremony of the programme stressed the need for Team Work and Departmental Synergy. According to him,”individual commitment to a group effort makes team work efficient and effective”. He therefore charged staff members to aspire to be good team player and be more dedicated towards achieving the Agency’s mandate.

 

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We are focused on the development of Micro, Small and Medium Enterprises (MSME) and aims to assist new and existing entrepreneurs to overcome obstacles to growth through access to finance, proper business planning and developing entrepreneurship skills.