MSME - Conference, Events & Fairs | |
MSME - Conference, Events & Fairs | |
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Wednesday, August 19, 2020 / 10:30AM
/MSME Africa / Header Image Credit: MSME Africa
Experts
in Business Financing, Funding and Entrepreneurship will be discussing and proffering
solutions to the issues of raising capital, accessing credits, funding types,
business profitability and other related issues at the maiden edition of the
MSME Dialogue which will take place on August 22, 2020 by 10am.
The
Virtual event is expected to have owners of Micro, Small and Medium
Enterprises, Entrepreneurs and Business owners from different sector in
attendance. The event is organized by MSME Africa.
The
speakers scheduled for the event are: Segun Adaju, Chief
Energising Officer, Consistent Energy Limited, Victoria Ajayi: Deputy
Chief Financial Officer of TVC Communications, Oladimeji Peters, Acting CEO, FirstCentral
Credit Bureau Limited & Chairman, Credit Bureau Association of Nigeria
(CBAN) and Mark Oguh, Chief Financial Officer, Titan Trust
Bank.
It
is common knowledge that funding and financing are pivotal and fundamental
issues to business owners. The COVID-19 pandemic has further worsened the
situation for MSMEs leaving them with the challenges of trying to stay afloat
and operating profitably.
According
to a recent report by PricewaterhouseCoopers (PwC) from "PwC's MSME Survey 2020- Building to
last", Small and Medium Enterprises (SMEs) in the country face an estimated
N617.3 billion financing gap annually which accounts for less than one per cent
of banks' credit in 2018.The report further stated that besides obtaining
finance, finding customers and infrastructure deficits also accounted for the
top of the most pressing problems for small businesses, while generating
electricity constituted the biggest cost to the MSMEs.
In
the words of Seye Olurotimi who is the convener of the event and President of
MSME Africa: " Funding ,financing and profitability and big deals to business owners; they pose
major challenges to the growth and survival of MSMEs and that is why we have
decided to address and proffer solutions to them at the very first edition of
the MSME Dialogue".
Speaking
further, Olurotimi who is an acclaimed MSME expert and champion stated: 'From
my interractions with MSME operators over the year, I have realised that there
is lot of gap with regards to information on the various financing types and
the requirements for accessing them and this must be addressed. If we really
want to grow the equally; we must pay attention to the over 41 million
businesses who fall into the MSME category".
MSME
Africa, a multi-faceted resource platform for Micro, Small and Medium
Enterprises (MSME) in Africa providing news, opportunities, articles and
resources for MSMEs, Entrepreneurs and Startups. The platform is poised to
build the biggest network and community of MSMEs in Africa in years to come.
Intending
participants can register for the event via: http://bit.ly/MSMEDIALOGUE
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