By ayomide odude
on Saturday, November 15th, 2025 in Blog, Insights.
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For decades, small and medium-sized enterprises (SMEs) across Africa have faced the same frustrating barrier: collateral. When they approach banks for credit, they are asked to produce land titles, fixed assets, or guarantors, requirements that most do not have. SMEs, which make up the majority of the continent’s entrepreneurial base, are locked out from accessing … Read more
By ayomide odude
on Tuesday, October 14th, 2025 in Blog, Insights.
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Small and medium-sized enterprises are the heartbeat of Africa’s economies. They employ millions, drive trade across borders, and spark the kind of innovation that keeps industries alive. According to the 2025 National Bureau of Statistics (NBS) MSME Survey, small and medium-sized enterprises (SMEs) contribute nearly half of Nigerian GDP (49.6%) and employ an impressive 85% … Read more
By ayomide odude
on Tuesday, September 9th, 2025 in Blog, Insights.
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A few months ago, the procurement head of a major FMCG company in Lagos received a frantic call from one of their key packaging suppliers. The supplier had just landed a surge of orders but didn’t have the cash on hand to purchase raw materials. Expected payment from the FMCG giant was still 75 days … Read more
By ayomide odude
on Tuesday, July 15th, 2025 in Uncategorized.
1 Comment
Globally, Small and Medium-sized Enterprises (SMEs) are the backbone of economies, driving innovation and job creation, yet they consistently face a chronic lack of access to crucial working capital. This challenge is even more pronounced in Nigeria where SMEs account for over 90% of businesses, contribute nearly 48% of Nigeria’s GDP, and employ more than … Read more