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'Funding Challenges Undermine SMEs' Growth in Africa'


Emma Okonji
Analysts who spoke at a recent webinar organised by the American Business Council in Nigeria, in collaboration with US Chamber of Commerce, Amcham Ghana and Amcham South Africa on the US-Africa relations, have identified lack of adequate funding as a major challenge to the growth of Small and Medium Enterprises (SMEs) in Africa.
The analysts were of the view that SMEs across Africa are faced with serious funding challenges, despite their importance to national development.
Citing the case of Nigeria, the analysts said: “Despite the significant contribution of SMEs to the Nigerian economy, challenges still persist that hinder the growth and development of the sector. In Nigeria, SMEs contribute 48 per cent of national GDP, and account for 96 per cent of businesses and 84 per cent of employment.” ....

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'Funding Challenges Undermine SMEs' Growth in Africa' – Ghana Visions


Emma Okonji
Analysts who spoke at a recent webinar organised by the American Business Council in Nigeria, in collaboration with US Chamber of Commerce, Amcham Ghana and Amcham South Africa on the US-Africa relations, have identified lack of adequate funding as a major challenge to the growth of Small and Medium Enterprises (SMEs) in Africa.
The analysts were of the view that SMEs across Africa are faced with serious funding challenges, despite their importance to national development.
Citing the case of Nigeria, the analysts said: “Despite the significant contribution of SMEs to the Nigerian economy, challenges still persist that hinder the growth and development of the sector. In Nigeria, SMEs contribute 48 per cent of national GDP, and account for 96 per cent of businesses and 84 per cent of employment.” ....

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A-29 Super Tucano Fighter Planes Arrive Nigeria


Kingsley Nwezeh
The Nigerian Air Force yesterday announced the arrival of A-29 Super Tucano fightear planes from the United States. The aircraft arrived Kano State at about 12:34pm.
The fighter jets were received by the Minister of Defence, Maj. Gen. Bashir Magashi (rtd) and the service chiefs.
A statement by NAF Spokesman, Air Commodore Edward Gabkwet, confirmed the arrival of the long awaited aircraft.
“The first batch of A-29 Super Tucano aircraft have arrived Kano, today, (yesterday) July 22, 2021 at about 12.34pm.
“On hand to receive the aircraft were the Honourable Minister of Defence, Major General Bashir Magashi (rtd), Chief of Army Staff, Lieutenant General Faruk Yahaya and Chief of Air Staff, Air Marshal Oladayo Amao,”it said. ....

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