Page 45 - Micro Small News Today

Daily Monitor Wednesday December 30 2020 Advertisement Micro Small and Medium Enterprises (MSMEs) play an integral role in our economies. According to the World Bank, they represent about 90 per cent of business and more than 50 per cent of employment world wide. In emerging markets, most formal jobs are generated by SMEs, which create seven out of 10 jobs. However, access to finance is a key constraint to SME growth, it is the second most cited obstacle facing SMEs to grow their businesses in ...

The Purchasing Manager’s Index (PMI) a leading economic statistics indicator, has confirmed Nigeria slipped into its second recession in July, the third quarter of 2020. This was caused by dwindling oil revenues and the corona virus pandemic. In quarter 2, Nigeria’s National Bureau of Statistics (NBS) reported that the economy contracted by 6.1 percent. An economy is said to be in a recession when output contracts for two straight quarters. The average PMI for July, August, and September- t...

Ludhiana: A meeting of the District Delayed Payment Council (DDPC), which is headed by deputy commissioner, Ludhiana, Varinder Kumar was held recently. During the meeting, several matters related to Micro Small and Medium Enterprises (MSME) industry of Ludhiana and their cases with regard to delay in recovering their payments from their customers were also discussed. In one of the cases which came up for hearing, the postmaster of Bareilly has been penalised for not making timely payment to a ...

SECP to Promote Alternate Financing Solutions: SECP Chairman Finja, venture capital-backed fintech, secured the approval under the first cohort of SECP’s Regulatory Sandbox. To highlight the impact of P2P lending and the potential of technology for efficient credit disbursement and expanding financial inclusion, Finja organized an exclusive event here on Wednesday. The Chairman SECP, Aamir Khan was the Chief Guest. Speaking at the occasion Aamir Khan said that the SECP has placed significant ...

The East African Wednesday December 23 2020 Summary The full implementation of a digital common payments policy is projected to result in a 10 per cent annual increase in intra-Africa trade. By Millicent Mwololo th  – 21 *** On 20th and 21st January 2021, Kigali will host a high-level public-private dialogue on the development of a low value retail common digital payment policy for COMESA. Convened by COMESA Business Council (CBC) and the Eastern and Southern Africa Trade and Development Ban...

SECP focusing on MSMEs for countrys economic growth: Chairman   Published On 23 December,2020 10:40 pm He said so far, more than 125,000 security interests have been recorded in the registry. ISLAMABAD (Dunya News) – Security and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan on Wednesday said the SECP has placed significant focus on serving the Micro Small and Medium Enterprises (MSMEs) as they play a vital role in the economic development of the country. To improve access t...

Mumbai, India – Standing behind the counter of what is widely acknowledged as India’s oldest sports shop, fourth-generation owner Manohar Wagle reflects on how the COVID-19 pandemic finally forced his family’s 155-year old business to enter the 21st century. “People are so hesitant to leave their homes and want to do everything online now, even if stores like ours are open again,” the 62-year-old proprietor told Al Jazeera. “We had to respond to that”. Wagle now spends much of his...

Refuelling of consumption demand must be theme of budget: PHDCCI suggests to Sitharaman ANI | Updated: Dec 19, 2020 21:47 IST New Delhi [India], December 19 (ANI): Industry body PHD Chamber of Commerce and Industry (PHDCCI) on Saturday suggested a 10-pronged strategy to Union Finance MinisterNirmala Sitharaman during the pre-budget consultations. The PHDCCI stated that refuelling of consumption demand must be the theme of the Union Budget for the fiscal yea...

By James Emejo The Managing Director/Chief Executive, Rural Electrification Agency (REA), Mr. Ahmad Salihijo, said the agency had disbursed over $1.1 million to 12 solar power companies as part of efforts to boost rural electrification across the country. This came as the federal government also signed a memorandum of understanding (MoU) on Output Based Fund (OBF) grant with seven private companies for the deployment of Solar Home Systems (SHS) to small businesses and power rural communities cu...

Says new policy framework underway By James Emejo The Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Umar Dikko Radda, Thursday said efforts were ongoing by the agency to establish its own microfinance bank (MFB) to cater for financial needs of Micro Small and Medium Enterprises (MSMEs) in the country. He also disclosed that a new MSMEs policy had been finalised and currently awaiting the approval of the Federal Executive Council (FEC). Speaking at a ...