The World Bank has underscored the potential of Artificial Intelligence (AI) to address various developmental challenges faced by low- and middle-income countries like Nigeria. In its “Digital Progress and Trends Report 2023,” released on Tuesday, the World Bank highlighted AI’s capacity to enhance financial inclusion and ensure equitable and efficient […]
SMEs
The First Lady of Lagos State, Ibijoke Sanwo-Olu, during the Exhibition and Trade Fair for SMEs organized by MTN Nigeria which took place as part of MTN Nigeria’s Y’ello Care initiative, highlighted the significance of collaboration in making a positive difference in the lives of vulnerable individuals within Lagos State […]
Cascador, an accelerator program that assists mid-stage entrepreneurs in Africa with scaling their mission-driven businesses, reported that its aid to companies in Nigeria has resulted in small and medium-sized enterprises raising $23 million in growth capital over the course of four years. Cascador’s Co-founder, Mr Dave DeLucia, says Cascador’s intervention […]
The Director-General of the Small and Medium Enterprises Development Agency (SMEDAN), Olawale Fasanya, says that more than two million businesses in the Nano, Micro, Small, and Medium Enterprises (nMSMEs) category died between 2017 and 2021 alone forcing more than six million Nigerians into the labor market. He explains through […]
Prospa, a YC-backed Nigerian startup offering software and financial services to entrepreneurs and micro-businesses, has announced it closed a $3.8 million pre-seed investment, which was oversubscribed by 380%. The round was backed by venture funds Global Founders Capital and Liquid 2 Ventures. Leading entrepreneurs also participated in the round including […]
