By Godfrey Ssenteza Small and Medium Enterprises (SMEs) constitute 99.95% of all companies in Germany. There are 3.67 million SMEs in Germany employing 68% of the working population of the country. The SME sector is thriving in this part of the world. With an annual turnover of up to 500m
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Ecobank, the leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently
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Does education matter in business success? This is a question many prospective entrepreneurs ask themselves. While it can be important for business owners and entrepreneurs to attain qualifications related to the running of their businesses, it’s not imperative. Some of the business world’s biggest names have only a few qualifications,
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African entrepreneurs whose startups are based in the technology space can be part of this year’s edition of eFounders Fellowship, a brainchild of Chinese billionaire and founder of Alibaba Group, Jack Ma. The fellowship, co-organised by the United Nations Conference on Trade and Development (UNCTAD), will convene select African entrepreneurs
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East Africa’s most promising young entrepreneurs in 2018 have been named. The list of these innovative entrepreneurs is derived from Forbes’ list of the 30 Most Promising Young Entrepreneurs In Africa 2018. Forbes says the 30 most exceptional young innovators and disruptors in African business today were chosen from more
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The Africa Innovation Summit (AIS II), which will take place from 6-8 June 2018 in Kigali, Rwanda, under the esteemed patronage of President Paul Kagame and Pedro Pires (ex-President of Cabo Verde), announced a call for applications to innovators across Africa whose solutions have the potential to solve the continent's
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By Aloysious Kasoma Nigerian billionaire and philanthropist Tony Elumelu Wednesday shared his success story with Ugandans at Makerere University Main Hall. The Group Chairman, United Bank for Africa (UBA) Plc and the founder of the Tony Elumelu Foundation (TEF) revealed that that as much as capital is needed in starting
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Bank of Uganda (BoU) Deputy Governor Dr. Louis Kasekende on April 05, 2018 delivered a keynote address at the Stanbic Bank Enterprise Conference held at Hotel Africana, Kampala. He explained key factors why many Small and Medium Enterprises (SMEs) fail and gave tips on how small start-ups can grow sustainably.
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There are now a record 2,208 billionaires in the world, Forbes counted, and their combined worth is $9.1 trillion, up 18 per cent from last year. The US has the most billionaires (585), followed by mainland China (373). Here are the top five world’s richest men. Jeff Bezos Jeff Bezos
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By Magnus Nmonwu Cash flow problems—more money going out of the business than is coming in— are among the most significant reasons that many companies go out of business. Cash flow isn’t simply about sales or profits—it’s also about your business expenditure and your ability to collect money owing to
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