Tag Archive for: SME Development

Honoring Women-Owned Businesses in Africa

Woman-Owned SMEs in NigeriaThis International Women’s Day Emerging360 is celebrating women-owned businesses in Africa.

We’re proud to be partnering with the Cherie Blair Foundation for Women, ExxonMobil Foundation, the Enterprise Development Centre of Pan-Atlantic University, and Diamond Bank on the Road to Women’s Business Growth initiative.

In fact, Cherie Blair is in Nigeria to host a special event for our project, along with 250 of the 500 women entrepreneurs who are graduating from the first phase.

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Emerging360 & Cherie Blair Foundation Empower Women Entrepreneurs in Africa

women entrepreneursThe Cherie Blair Foundation for Women has selected Emerging360 as the Technology Partner for its “Road to Women’s Business Growth” initiative to empower women entrepreneurs in Africa.

Road to Women’s Business Growth is a collaborative venture led by the Cherie Blair Foundation for Women in collaboration with the ExxonMobil Foundation, Enterprise Development Centre, and key financial institutions. Launched in 2014, the two-year project is designed to build the business skills and financial literacy of women entrepreneurs in Nigeria, and to improve their access to finance. Read more

What SMEs Really Need (& Why They’re Still Not Getting It)

SMEs | Chinese Bakery

For the past 15 years, we’ve worked to understand the complexity of SME needs and to help build the capacity of MSMEs around the globe—from beekeepers in St. Lucia to digital animation firms in Nigeria, from agribusiness providers in Rwanda to Web developers in Ukraine. One thing that’s become clear from our work in more than 40 countries on 5 continents is that micro, small, and medium enterprises worldwide face a core set of challenges.

Whenever we engage in a workshop or focus group with micro, small, and medium enterprises (MSMEs) in emerging markets, the participants try to make the case that their businesses face unique challenges: it’s harder to register a new business in their city, their business-enabling environment is more challenging than in other countries, women entrepreneurs may face specific cultural and gender hurdles, local corruption may be more intractable, the infrastructure (electricity, roads, etc.) may pose greater challenges.

These types of obstacles are very real, and it’s true that they vary substantially from market to market.

But despite these sorts of market-specific differences, our team at Emerging360 still believes that at a foundational level, SMEs everywhere face a common set of challenges.

And by the end of every training we’ve ever done for MSMEs or MSME service providers worldwide, the participants have come to appreciate these commonalities as well.

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