SME Help Fund launched by ARA Asset Management, The Straits Trading Company and JL Family Office to support SMEs who are facing temporary liquidity disruption to their business. A number of factors can give rise to this poor access to finance. In this piece, I will be focusing on the financial management aspects of such frameworks. Additionally, America as one of the largest consumers of oil will need to improve its demand overtime before supply outweighs demand as a result of the pandemic. This is why we have not seen $100 oil in many years now. SMEs may apply for this funding as well through the SMME South Africa platform. We do not and will not perform any other activity that is regulated under any applicable Singapore law. Twitter: @sincerelycgn. Small Enterprise Finance Agency (SEFA) Small Enterprise Finance Agency was established in 2012 … The first thing that you must do as an entrepreneur to make your company more attractive to investors is to separate your personal and business finances. All over the World, members of the Armed Forces, Police, and other Uniformed Government Security are accorded some form of respect and privilege. Commercial Real Estate Financing Solutions. An overwhelming proportion of the challenges faced by SMEs in accessing funding can be attributed to this demand-side factor. The dominance of shale is enabled by a few factors. However, when prices are so low and energy companies in America can’t break even, Trump, like he did in April 2020, interferes and calls out OPEC to intervene. What’s more? The three … When oil prices go high and affect the cost of gasoline on American consumers, Trump calls out OPEC to find ways to reduce the prices. Once Commercial Drivers put uniformed personnel in the front seat of their vehicle, they are emboldened to break all the traffic rules including driving against traffic (One Way Driving). Now that he is President of the United States with his inauguration on the 20th of January, every country would go back to their political and foreign drawing boards to analyse the impact of his swearing-in on their respective economies or governments. A Lagos State Traffic Official (LASTMA) who got in front of his car and attempted to stop him because he was on the phone and driving, took one look at him and moved on. SINGAPOREAN property tycoon John Lim's family office, JL Family Office, ARA Asset Management and Straits Trading Company have set up a S$5 million fund to extend short-term loans to businesses in … SME Help Fund upsized to S$8 million Minterest is honoured to be facilitating this worthy initiative -a SME Help Fund set up by ARA, Straits and JLFO. The Nigerian Insurance sector is critical to propelling income equality and reducing the poverty level of any society, but the industry’s performance has continued to drag amid many factors, such as; low underwriting capacity of players, lack of trust by consumers, poverty and the inadequacy of distribution infrastructure. Service 1 - IP pre-diagnostic services (IP Scan) : This service can help … The first few years would be very important. The unbridled privileges and rights that years of Military rule have inadvertently conferred on Uniformed Personnel have created a class of citizens that cannot be questioned and led to a growing army of Impostors, fakes, and impersonating Uniformed Officers of the Law. The covid-19 pandemic effect has increased health, travel, and business disruption claims. SME Help Fund upsized to S$8 million February 27, 2020 SINGAPORE (THE BUSINESS TIMES) – Over 100 businesses in Singapore have applied for loans from a fund set up by Singaporean property tycoon … It should be a no-brainer that you must document all the transactions of your company, yet many entrepreneurs, especially those managing service-based SMEs, fail to do so. Rupert and Oppenheimer family’s donation President Cyril Ramaphosa announced on Monday evening that … Interestingly, according to trumptwitterarchive.com, Donald Trump tweeted 271 times about “oil”; 70 about “OPEC”; 351 about “gas” (gasoline and natural gas); 68 about “Saudi Arabia”. He has previously labeled them a cartel in the past. The uniform of the Nigerian Armed Forces, Police, and other Government Security Agencies have become so powerful, that they serve as a form of identification. Will Joe Biden emulate Trump in meddling with OPEC+ affairs. This rate is even higher in Nigeria due to a number of factors that are peculiar to our operating environment, such as poor infrastructure. The National Bank of Canada has completed its initial capitalization of $200 million for the National Bank SME Growth Fund, L.P. Amotekun has launched just over a year ago on January 9, 2020, and already criminal groups are making counterfeit versions of its uniforms. Will shale oil, which has been the albatross on the neck of oil prices for years, weaken in respect to Joe Biden and notably Kamala Harris’ views on fracking? Section 110 (1) of the Criminal Code makes it unlawful for any person who is not serving in any of the Armed Forces in Nigeria to wear the uniform of the Armed Forces or any part of the uniform of such Forces, or any dress having the appearance or bearing any of the Regimental or other distinctive marks of such uniforms. Beyond having a clear vision, a good business plan and a marketable product or service, there are critical frameworks that business operators need to put in place in order to make their companies better prepared to receive and leverage funding. You can even resort to perpetually borrowing from banks, cooperatives and other sources to keep it going, which is costly and difficult to come by as an SME. with the SME Fund The Ideas Powered for Business SME Fund is a 20 million Euro grant scheme created to help European small and medium-sized enterprises (SMEs) access their intellectual property rights. Following the lingering impact of coronavirus, the deadline was adjusted from June 2020 to December 2020 to implement Phase I of the project while the deadline for the second phase’s performance was moved to September 2021. So, you ask yourself, why would anyone want to buy counterfeit versions of Amotekun uniforms if not that they believe it’s a means to access power and riches that they would otherwise not be able to get if they were in civilian dress. A sign of financial and business management competence that all investors appreciate in any business is a clear distinction between the owner or manager of the business and the business itself. He parked his car and walked towards the security doors that granted access into the banking hall. It is given to a business in exchange for a certain percentage of ownership and control in that business, called equity. It has taken many businesses to the doorsteps of their customers. Trump has never hidden his mistrust in OPEC. Firstly, Fracking. Email address: [email protected]. An SME may be considering an … It would be rare for Joe Biden to do the same thing as his style of governance will be seemingly different from Trump´s. During Trump’s tenure, OPEC+ was rattled several times. On the supply side, it can be the result of insufficient capital among the investors, meaning that there isn’t enough funding to go round. The fund, targeted to help SMEs … The investor hopes to recover the equity capital alongside a profit by selling this share of ownership and control to other investors in the future at a higher price. All data available on this website is strictly for information purposes only and should not be regarded as an offer, solicitation, invitation, advice or recommendation on our part to buy or sell any securities or other capital markets product or financial services. An equity capital is typically given by angel investors, venture capital firms and private equity firms. An increase in US oil has significantly reduced OPEC+ market share and dominance in the oil markets. It is no longer a secret that digitally compliant companies were able to navigate the worst of the crisis better than their brick-and-mortar-oriented counterparts. Will Joe Biden’s soft foreign policy on Iran enable Iranian oil to return to the market? ), these apps will give you a breakdown of your company’s financial and sales performance and a helicopter view of the business as a whole. The … Understanding these types of funding and identifying the one that best suits your company will increase your chances of succeeding in your quest to raise business capital. He was dressed immaculately in his well ironed and starched uniform and you could see your reflection in his well-polished shoes. The importance of small and mid-size enterprises (SMEs) is not limited to emerging nations. The plan’s proponents intend to improve the industry’s minimum paid-up capital in each business segment, thereby solving premium flight issues that have continued to plague the industry. Call for proposals – GR/001/21 (Ideas Powered for Business SME Fund) This call for proposals is supported by the European Commission and the EUIPO. With a global value of 20 million euros, this SME fund, inserted in the framework of the EUIPO “Ideas Powered for Business” initiatives, is designed to help small and medium-sized … Facilitated by Minterest. SME HELP FUND PTE. The SMEDF is also cooperating with other local commercial … 6 Simple steps you must take to attract funding as an SME in 2021. It is highly controversial as it threatens to cause pollution and is detrimental to climate change. Between 2002 and 2012, small and mid-size enterprises (SMEs) created 77% of new jobs in … As an entrepreneur, you must have a digital or, at the very least, a paper-based journal where all your company’s transactions, both revenues and expenditures, will be recorded. Just this past week, it was widely reported that 2 suspects were nabbed by the Oyo State western Security Network codenamed, Amotekun for producing and selling fake Amotekun uniforms. Camouflage is a part of the military uniform and so it falls under this law. Minterest Private Limited is incorporated in Singapore with registration no. This was done as a form of respect and appreciation (especially after the Civil War), but the sight of uniformed personnel wearing just an article of clothing in the uniform e.g., the Cap, T-Shirt or Pants on a weekend private outing just to avoid paying their fare has become embarrassing. So, the basic reason for outlawing the wearing of camouflage amongst civilians is security, but if we look at countries with the strongest armies in the world and the prevalence of citizens being allowed to wear camouflage and other dress articles associated with the military, we also notice crimes committed do not have a correlation with the wearing of uniforms. SME Education Foundation Donors & Partners The SME Education Foundation is the leading voice in manufacturing education. I. n particular, we do not provide any form of investment advice or recommendation to any person. Chinedu Nnawetanma is an SME and startup finance professional currently working with one of Nigeria’s financial institutions. The address of the Business's registered office is at the … Poor access to finance arises when a business is unable to attract the capital that it needs to maintain its daily operations or expand into new markets and business lines. Sme-grants.com can help with your cash flow needs by providing competitive short term business loans for your Singapore government projects (after they are approved) from legal financial lenders. On the drive back to his office, he had a call and he hesitated as he could not find his hands-free device, but the person on the other line was not someone he could ignore his call. These factors have jointly contributed to the abysmal level of insurance penetration – the proportion of insurance business to the gross domestic product over the years. One of the best ways to achieve this distinction is to open a corporate bank account for your company where all the transactions related to it will be performed. The EUR 20 million grant fund scheme 'Ideas Powered for Business SME Fund' aims to help … As we mark Armed Forces Remembrance Day and the sacrifices of our Fallen Heroes, we owe it a duty to discuss how we honor them, while maintaining the rule of law across the board and the dignity of the rest of the civil populace. It is an unwritten rule borne out of respect for the sacrifices that they make daily for the rest of the citizenry to enjoy the most basic freedoms and security. How Joe Biden handles the pandemic would be significant in American demand. Of course, there is no rule preventing you from drawing from your company’s profit at the end of your financial year, but you should only do this when your company is mature and stable enough to withstand the outflow. In understanding market dynamics, increased production of oil has a negative effect on oil prices. The help of SME Equity Fund Ltd was crucial to our success. These actions have led to a manifest improvement in the civility of interactions between the two sides. Generally, the Staff was all super courteous and helpful and he left the bank in next to no time. Col. Saki found this rather curious because, on previous visits to the same bank branch, he had been subjected to more scrutiny by the guards on duty. READ: Facebook suspends Donald Trump indefinitely. He was briskly saluted by the guard and when the door appeared to disallow him entry (on account of his car keys and belt), he was still given swift access. As an entrepreneur managing an SME with employees, you should include yourself in the payment structure just like your employees. While Donald Trump gave tough sanctions during his tenure, Biden would seek to pamper Iran just like Obama did and this will mean Iranian oil can come back to the market. It is given by donors to businesses that are making a positive social impact or solving a social problem or making a great breakthrough in their industries. This advice especially comes in handy when you cannot afford the services of a qualified accountant or a financial advisor. Well, that is only the first step. Loans are more suitable for businesses that are already generating significant revenue. However, most of the industry’s bellwethers have entirely shored-up their minimum paid-up capital to the required level. This site uses Akismet to reduce spam. So, the real issue is not the uniform itself, but the access, privilege, power, and rights it confers on the wearer. Fintech key to insurance penetration, processing of claims – LASACO MD, AXA Mansard divests from its pension and real estate ventures, FG seeks partnership with National Council of Registered Insurance Brokers, here’s why, AfDB supports Africa’s flagship climate initiative with $6.5bn, Facebook suspends Donald Trump indefinitely, Mike Pence to go against Trump, announces he will attend inauguration, Donald Trump and Joe Biden clash over plans to lift travel ban on UK, EU, Brazil, FIRS hits 98% of target as it collects N4.95 trillion for 2020 fiscal year. It is important to identify the type of funding that your company needs before approaching any bank, angel investor, venture capitalist, private equity firm or donor agency. You can place your company on a trajectory of accelerated and sustainable growth by taking out time to improve your understanding of accounting and financial management. Over the years, the investment in the Shale industry in America has seen the United States increase oil production significantly. READ: FG seeks partnership with National Council of Registered Insurance Brokers, here’s why. LTD. (the "Business") is a Private Company Limited by Shares, incorporated on 13 February 2020 (Thursday) in Singapore. Users of this website are advised to seek independent financial, tax and legal advice or make such independent investigations as appropriate in connection with their use of this website. READ: AXA Mansard divests from its pension and real estate ventures. He is passionate about the empowerment of the private sector, especially SMEs, to drive the economic growth and development of Africa. You are not allowed to request to see the identification card of anyone in uniform, to do so can lead to physical intimidation. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform.To get your articles on Nairametrics, kindly send an email to We make no representation or warranty (express or implied) as to the accuracy, completeness or quality of any information on this website. The S$8 million fund will assist Singapore SMEs with … On the demand side, it can be the result of the poor frameworks existing in many companies due to the low managerial skills and financial literacy levels of their operators. Falls under this law privilege on the financial management aspects of such frameworks SMEs employees! At periodic intervals, along with the interest their existence of a accountant! The conversation on his impact on gasoline prices and demand Army uniform and in Nigeria that confers special! Gas sector as the future looks more into renewable energy he will attend inauguration immaculately his... 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