businesses

In recent days, a remarkable wave of young Kenyans has gathered in the streets, seeking to remember a protest that reverberated deeply within the fabric of their society. This act of remembrance is not just about nostalgia; it speaks to a collective yearning for change and justice that continues to resonate. In Nairobi, the bustling capital of Kenya, a palpable tension hangs in the air. Many business owners have opted to close their doors, choosing caution over visibility. The fear isn't unfounded; the echoes of…

Embracing Digital Payments: The Key to Growth in Africa In recent years, a noticeable shift has emerged across continents—from the bustling streets of Lagos to the vibrant markets of Kenya, and even reaching into American boardrooms. Businesses are increasingly recognizing that adopting digital methods is not merely an option; it's essential for growth and sustainability in today's fast-paced world. But what does this transition truly entail for small and medium enterprises (SMEs), freelancers, and online…

In a significant move to invigorate local economies, the South African government has initiated applications for the R500-million Spaza Shop Support Fund (SSSF). This initiative aims to enhance the sustainability and growth of spaza shops—those familiar neighborhood convenience stores that serve as lifelines for township and rural communities. During a recent announcement, Minister of Trade, Industry and Competition, Parks Tau, highlighted the transformative potential of this fund. “We are committed to empowering our…

In the bustling streets of Mogadishu, where the skyline is painted with vivid billboards and enticing signs, a new wave of regulatory rigor has swept over the city. Authorities have embarked on a comprehensive initiative targeting businesses that have skirted the city’s advertising tax laws. The focal point of this crackdown? Unregistered and unlawful advertising structures punctuating the city's busy thoroughfares. Has the vibrant chaos of unregulated displays become too…

Salaam Somali Bank Provides Micro Credit to Small Businesses in Mogadishu MOGADISHU, Somalia - The Salaam Somali Bank, which is a leading private bank in Somalia, continues to contribute to the country's economic growth by providing free microfinance funds to develop small businesses. On Thursday August 19, 2021, the Bank's branch in the Bakaro market provided microfinance funds called “Qardu…

Salaam Somali Bank offers free microfinance to small businesses MOGADISHU, Somalia - The Salaam Somali Bank (SSB) provided free microfinance to small businesses in the country's capital as part of the annual Grand Pleasure program designed to boost culture and rival economy. On Monday July 5, the Bank's branch at Km-5 in Mogadishu offered free microfinance to resident traders, including women,…

Salaam Somali Bank offers free microfinance to small businesses in Mogadishu The Salaam Somali Bank on Saturday provided free microfinance to traders running small businesses in Mogadishu, an initiative to boost the economy. The show called "Qardul Hassan" brought smiles to small traders who have benefited from the non-profit investment that will help them grow and expand their business. A…

Financing small businesses is crucial for Somalia MOGADISHU, Somalia - In Somalia, it is usually difficult for people to finance business ideas. Most of the UCITS are not designed to support business start-ups, not even where they are meant to make money. The understanding and culture for creating business ideas does not work. This has forced many promising business ideas not to start due to…

Salaam Somali Bank offers free microfinance to small businesses in Guri'el Salaam Somali Bank's branch in Guri'el in the central region of Galgadud on Monday provided entrepreneurs with free microfinance as part of the second phase of the investment program called "Qardu Hassan". The free microfinance fund is aimed at developing and encouraging small businesses throughout Somalia,…

MOGADISHU, Somalia - As part of the second phase in 2021, the Salaam Somali Bank branch in Bakaro provided free microfinance to the owners of the small businesses in Somalia's largest thriving market. The investment program called Qardu Hassan is part of Salaam Somali Bank's annual free microfinance fund, which aims to develop and improve small businesses effectively across the Horn of Africa. Some of those lucky enough to receive free microfinance today said they were very pleased with the support and thanked the bank…