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Biz4Afrika Weekly News Round Up

Entrepreneurship in the Wedding Industry

It seems that love is good for business and entrepreneurs in Africa are realising the potential in the wedding industry. Weddings are a serious affair in Africa, having a rich history that traces way back in time. In many African cultures, weddings are a long tradition with deep cultural, social and religious significance, a trend which is still prevalent today. The only difference is unlike traditional weddings of the yesteryears, today’s weddings are modern, elegant and contemporary.

The rising levels of prosperity on the continent are leading to wedding couples to splurge on high-profile nuptials, leading to the emergence of new entrepreneurs in the industry.

Kenya, Nigeria and South Africa seem to be leading the charge into this exciting sector with established industry players laying the groundwork for other countries to follow suit.

From wedding dresses, catering, venues, invites, photography, make-up, to the all-important wedding cake, these are all providing opportunities for entrepreneurs to build sustainable businesses across Africa.


Helping banking staff to help SMEs

The Egyptian Banking Institute is extending its training programmes into the e-learning technologies to address the lack of knowledge of banking staff in the country.

The good news for small business owners is that there is a department dedicated to training bank employees that work with SMEs.

The programme has broader aims than only upskilling banking sector employees. The Institute also seeks to fund, train and support SMEs. Training modules include entrepreneurship, how to read budgets, how to develop a business plan for their projects, feasibility studies, and marketing plans.

This training will be in cooperation with the Frankfurt School of Banking and Finance and  graduates will receive the SME Certificate upon completion of the course.


Tony Elumelu Foundation (TEF) entrepreneurship programme in Botswana

The TEF business development programme is accepting nominations from aspiring entrepreneurs in Botswana. This programme has been running successfully over the last three years and provides training, mentoring, funding and the all-important access to networks.

The programme is targeting women entrepreneurs in particular, and covers diverse sectors such as waste management, consultancy, Information Communication Technology (ICT), agriculture, manufacturing, and transport and logistics.

Applications close 1 March 2018 so entrepreneurs need to apply soon.