AltBank dropped a package for small businesses at the Kano trade fair that wipes out fees for digital signups and throws in free payment tools plus advisory help for traders across northern Nigeria. Garba Mohammed from the bank said they grabbed a 15 million dollar facility for trade and commodity finance to back MSMEs, which apparently make up over 90 percent of Nigerian businesses, but still get wrecked by terrible infrastructure and zero access to proper funding.
The bank ran a seminar with the Kano Chamber of Commerce about getting small enterprises out of survival mode through tax reform discussions, climate prep strategies, and tech adoption pathways. Mohammed said financial institutions and government bodies need to team up if they want sustainable growth for the region instead of just leaving micro businesses to fend for themselves.
The bank ran a seminar with the Kano Chamber of Commerce about getting small enterprises out of survival mode through tax reform discussions, climate prep strategies, and tech adoption pathways. Mohammed said financial institutions and government bodies need to team up if they want sustainable growth for the region instead of just leaving micro businesses to fend for themselves.
