Source: Sage |

Driving automation among small businesses can help meet Nigeria’s tax goals

The IMF has warned that Nigerian governments’ ability to effectively finance infrastructure and services is constrained by low tax collection

Comments from the International Monetary Fund (IMF) (http://APO.af/e3xusi) around Nigeria’s low tax-to-GDP ratio highlight the importance of driving higher levels of payroll and accounting automation among the country’s businesses, especially small, micro and medium-sized enterprises, says Magnus Nmonwu (http://APO.af/j24b88), Regional Director for Sage West Africa. The IMF has warned that…

Sage
Source: Sage |

Why Made-in-Nigeria will give small businesses a boost

Sage would support initiatives to put business information and tools online to help entrepreneurs build their skills and access the resources they need to be successful

Nigerian Federal Government should be commended for putting the spotlight on local manufacturers through initiatives such as the Made-in-Nigeria Dress Days and an Executive Order compelling state agencies to direct at 40% of procurement to Made-in-Nigeria goods and services. That’s according to Magnus Nmonwu (http://APO.af/Ik3wAK), Regional Director for Sage in…

Sage
Source: Sage |

High Interest Rates: How do they impact Small Businesses in East Africa?

Better access to low-interest funding could spur growth of East African Small & Medium Businesses

Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses. That’s the word from Billy Owino (https://Twitter.com/OwinoBill), Regional Director for Sage East Africa (www.Sage.com), the market leader for…

Sage
Source: Sage |

Accounting meets Tech: the Benefits of Cloud Accounting Software for Small & Medium Businesses

Cloud accounting solutions make compliance and admin easier so that you can focus on what really matters – growing your business and meeting customer expectations

Sound bookkeeping is essential for a business’s financial well-being, which is why cloud accounting solutions have an invaluable role to play in helping Nigerian entrepreneurs to grow their businesses. That’s the word from Nikki Summers, Director, Sage One in East and West Africa, which is sponsoring and presenting at the…

Sage
Source: Sage |

Small & Medium Businesses should be saving Money for a Bad Day – Here’s how

By Anton van Heerden (APO.af/5pHMKP), Executive Vice-President, Africa & Middle East at Sage

Every Small & Medium Business should be aiming to have some savings in the bank as a buffer for difficult months when sales are slow or debtors miss payments. If your business has some cash in reserve, you’ll be able to fund your growth in the future, avoid taking loans…

Sage
Source: Sage |

Nigerian Government Support can help Small Businesses thrive in Recessionary Times

Small & Medium Businesses in Nigeria face challenging times, even as the economy slides

With the Nigerian economy in recession, support for Small & Medium Businesses could be one of the key ingredients to carrying the country through these tough times. Assisting them should become a priority for big business and government. That’s according to Magnus Nmonwu (https://twitter.com/MNmonwu), Regional Director for Sage in West…

Sage
Source: Sage |

Small & Medium Businesses in East Africa must create time to innovate

Technology, government support and mentoring programmes all offer potential ways to address this challenge

Small & Medium Businesses in East Africa are resourceful and creative, yet many entrepreneurs lack the time and support they need to innovate in their businesses. Technology, government support and mentoring programmes all offer potential ways to address this challenge. That’s according to Billy Owino (https://twitter.com/OwinoBill), Regional Director East Africa…

Sage
Source: Sage |

How Cloud Software can help Kenya’s Accounting Practices

There is a growing market for accounting practices in Kenya

There is a growing market for accounting practices in Kenya. Economic growth has improved significantly (http://APO.af/ri3swP) in the past decade, internet adoption is increasing (39%) and the country scored highly in innovation and financial services in the World Economic Forum’s 2015 Global Competitiveness Report. Because more businesses are starting up,…

Sage
Source: Sage |

The Love Affair between Young Nigerians and Disruptive Mobile Technology

Young Nigerians are mobile-first people - technology is inspiring young entrepreneurs to create businesses that could not have existed in the past

By Magnus Nmonwu, Regional Director for Sage (www.Sage.com) in West Africa We are all familiar with the stereotype of the young entrepreneur; technology whizz kids with all the latest mobile devices and the ability to multitask as they type hundreds of words a minute. Sage’s Walk With Me report (http://APO.af/YnHEo3), -…

Sage
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Source: Sage |

Working to live, not living to work: New global research throws out conventions on millennials in the workplace

A thirst for personal success motivates entrepreneurs in South Africa and Nigeria

Highlights: Survey from 16 countries shows that millennial* entrepreneurs fit into five distinct personas Study gives insight into how to hire, engage and do business with these ambitious young people 61% will sacrifice profit to stay true to their values – rising to 78% in South Africa and 83% in…