According to research commissioned by the Venture Capital Trust Fund (VCTF) between 2019 and 2020, demand for venture capital in Ghana far exceeds the current supply. For instance, the SME sector requires around US$15billion to meet its financing needs - a stark contrast to the US$70million available in venture capital...
By Dzigbordi KWAKU-DOSOO Entrepreneurship is often romanticized as a journey of innovation and triumph, but the reality is far more complex. According to the U.S. Bureau of Labor Statistics, about 20% of small businesses fail in their first year, and nearly 50% close within five years. Despite these sobering statistics, some...
While it is commonly held that access to finance constitutes one of the major hurdles for the SME sector's growth and sustainability, a new study has disclosed that technical assistance is the topmost need for businesses - even ahead of capital. According to the study, targetted training is required in...
Bernard Kafui Sokpe, CEO of Jambo Spaces, delivered powerful insights on creative entrepreneurship and professional development during an engaging interview with Rev. Erskine on Y107.9FM's Myd Morning Radio Show's Y Leaderboard Series. During the interview, Sokpe addressed critical issues facing African creatives, particularly emphasising the importance of contract scrutiny and...
Kosmos Innovation Centre (KIC) and the Mastercard Foundation have organised a series of zonal pitches across the northern, middle and southern belts of Ghana in a lead up to the final competition for the 2024 AgriTech Challenge Classic. The AgriTech Challenge Classic is a seven-month training programme aimed at developing...
By Eric Osiakwan Mike Macharia transitioned from Sevenseas Technologies to Ponea Health, Ian Kabiru rose from a Marketing Director role at Popote Wireless to founding Horizons Offices. Delila Kidanu, moved from Koa Technology to Okoa Rescue last year, whilst Tesh Mbaabu recently transitioned from Marketforce to Chpter. Sitting between these leading...
By Bernard Yaw ASHIADEY & Ebenezer Chike Adjei NJOKU The African fintech landscape is poised for a transformative shift from high-risk entrepreneurship to a more structured, platform-based ecosystem, as Chief Executive Officer (CEO) of INNGEN Ghana – an IT business outsourcing service provider – David Gowu, has said. Speaking during a...
Telecel Ghana Foundation in partnership with SHE Hub Ghana has trained 140 women entrepreneurs from the informal sector in Kumasi on digital and financial skills as part of the telecommunications giant’s annual Ashanti Month celebrations. Fusing digital and financial skills with entrepreneurship, the training is aimed at exposing women business...
Twenty-six young entrepreneurs have graduated from the bp Innovation Factory, a three-month empowering initiative by Pitch Hub and global energy giant bp, designed to equip young Ghanaians with essential mentorship and skills for growth. The graduation ceremony, held at the Alisa Hotel in Accra on November 1, 2024, featured a...
Visa, the world leader in digital payments has partnered with Access Bank a leading financial institution to introduce the Visa Business Debit Card, a new financial product designed specifically for Small and Medium Enterprises (SMEs) in Ghana. This collaboration aims to empower SMEs, which are the backbone of the Ghanaian...