United Bank for Africa, Africa’s Global Bank is pioneering a great initiative known as ‘UBA Growing Businesses’ for Small and Medium Enterprises (SMEs) in Africa in partnership with EMPRETEC Nigeria Foundation. 

UBA Growing Businesses is a unique platform committed to supporting the development of Small and Medium Entreprises (SMEs) in Africa towards sustaining the generation of employment and creation of wealth. The project will empower SME’s across the African continent through access to finance, capacity and entrepreneurial skills development.

In a recent press release, the bank stated:

United Bank for Africa Plc in partnership with Empretec Nigeria Foundation; a United Nations Commission for Trade and Development (UNCTAD) affiliate based in Nigeria, will run series of training and personal entrepreneurial skills development workshops for Small and Medium Enterprises (SME) operators in Nigeria and other parts of Africa.

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Afrifunding.com is an online community platform where entrepreneurs who have plans for starting or expanding a business in Africa meet with global investors who want to invest in Africa. The idea is to provide a service whereby private investors from around the world and entrepreneurs with focus on Africa can connect easily online.

Afrifunding claims to be the premier Africa business investment network and venture capital funding portal that matches serious and active private business investors with entrepreneurs’ seeking investment capital and business funding to start-up their new venture or expand their existing business within Africa.

The service acts as the “meeting point”, essentially allowing entrepreneurs who want to build up a business in Africa to showcase a brief synopsis of their business or business ideas in order to seek contact with potential global investors who could bring investment and expertise.

The online service, which has just been launched, has already registered investors through a new start-up angel network called AfricaBAN with substantial amount of capital available (over $1 million) and ready for investment into the right innovative business ideas in Africa.

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