In a challenging or difficult business environment or market, Michael Porter’s 5 model is a popular marketing tool that helps business owners and managers to remain competitive. The Porter’s 5 Model Porter’s 5 Model is a framework for analyzing a business competitive environment. It looks at the attractiveness and potential profitability of a business industry …
Porter’s Five Model: An Analytical tool for Small Business Read More »
There is an high level of unfamiliarity with the AfCFTA’s existence. MSMEs will not be able to prepare effectively, let alone take full advantage of, AfCFTA without prior awareness. There is therefore need to pay attention to both digital and non-digital dissemination strategies to ensure full reach of Nigerian businesses irrespective of their technological participation …
Entrepreneurs in Africa continue to face significant barriers to entry when starting a business. Burdensome and costly regulation can prevent entrepreneurs from entering the formal economy, negatively impacting all sectors.⠀⠀It’s therefore worthwhile to state that there is a clear evidence that streamlining regulatory procedures can encourage #business entry, business growth, job creation and rising citizens’ incomes. ⠀⠀The …
Reducing the average days required to start a business in Nigeria from 7 to 2 days Read More »
“The establishment of free trade agreements can be a critical and progressive step towards greater economic integration, and continues to become more valuable in an increasingly global world.” Dan Kildee
As the demand for digitalization and free market entrepreneurs continue to grow, businesses in many African countries struggle to find qualified workers with good programming skills. Young people with non-technical backgrounds often have to look beyond the walls of a traditional classroom and a four-year degree to gain these skills at a faster pace. ⠀⠀The …
The foundation of a well-defined, respected, and enforced property rights is necessary for the market process to coordinate positive-sum exchange. Property rights are any body of laws created by a country’s government to define how individuals can own, benefit from and alienate property. Where there is no individual ownership of property, there will be an …
61% of SMEs say AfCFTA will have a positive effect on the cost of materials and machineries. Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture(NACCIMA), September 2020 Obviously, any economic policy that facilitates imports and exports among member countries – with lower or no tariffs, free access to the market and market information, …
