CITIZENS COMPASS – Come Monday, July 10, 2023, Ayoba, the innovative all-in-one app revolutionizing communication,entertainment & e-commerce in Africa and its strategic partnership, Adanian Labs, will launch SME Accelerator Business App in Lagos.
The app is expected to boost SME ‘s operations in Nigeria and the African continent.
Killian Mayua, Country Head, Adanian Labs, who disclosed this in a statement on Thursday, July 6, 2023, said the event will be held at Oriental Hotels, Victoria Island at 1pm.
The statement partly reads, “The companies have partnered to launch an SME Accelerator program aimed at empowering and accelerating the growth of small businesses in Nigeria. This initiative comes at a crucial time, as Nigerian SMEs play a vital role in driving economic growth and job creation in the country.
“The SME Accelerator aims to address the key challenges faced by small businesses, including limited access to capital, technology infrastructure, access to market and mentorship.
” The Program is designed to foster innovation, improve competitiveness, drive growth and create sustainable employment opportunities.
” The ayoba-Adanian Labs partnership brings together Ayoba’s comprehensive all-in-one app,which offers a messaging suite, hyperlocal content, gaming, music, and e-commerce, with Adanian Labs’ expertise in technology solutions and ecosystem development. By leveraging these capabilities, the SME Accelerator program will provide Nigerian SMEs with access to vital resources, including digitalization, mentorship, access to networks, technological support, and mobilization of partners for funding enabling them to overcome barriers and achieve sustainable growth.
“By offering tailored mentorship, access to funding opportunities, and technological resources, the accelerator aims to equip Nigerian SMEs with the tools they need to thrive in the digital age.
” The program officially launches on Monday 10th July; businesses will have two weeks to apply and the top 20 will be announced.
” According to recent statistics, small and medium enterprises account for over 90% of businesses in Africa, contributing approximately 50% of employment and 33% of the continent’s GDP.
” In Nigeria alone, SMEs represent about 96% of businesses, employing millions of people and serving as engines of innovation and economic progress.
” Shiela Yabo, ayoba’s Head of Ecosystem Development said “The potential impact of Empowering Nigerian SMEs is significant. By strengthening this sector, the country can experience accelerated economic growth, increased job opportunities, and enhanced competitiveness on the global stage.
“Furthermore, supporting small businesses fosters economic growth and sustainable development. *