Friday, June 20, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News

NAIRA MANAGER, THE FINANCIAL INCLUSION DRIVER

Tech Gist Africa by Tech Gist Africa
04/24/2018
in News
0 0
0
NAIRA MANAGER, THE FINANCIAL INCLUSION DRIVER
0
SHARES
Share on FacebookShare on Twitter

Photo Credit www.nairamanager.com

Abuja Nigeria: A Financial Management Progressive Web App for MSMEs

Naira Manager, a financial management web based application for SME’s. It is an application designed to boost financial inclusion and probity among the millions of MSMEs operating in Nigeria and elsewhere across the globe. The web application features agent banking, business planning and management tools such as financial intelligence, business modeling, forecasting, real time financial analysis, business information, business networking and loan/grant application.

The financial sector is undergoing changes globally, mainly driven by technological innovations, business models and new customer behaviors and changes in regulations after the 2008 financial crisis. In Africa, these changes are creating unprecedented opportunity to achieve universal access to finance and financial inclusion. Models like agent banking, branchless distribution, mobile banking are reducing costs and risk also enabling reach to the previously unbanked population, including in poor and low-density areas on the continent.

The Continent’s growth has relied on resource extraction and export, however this has been revealed as an unsustainable growth agenda. The new driver of the African economy is the current boom in small and medium-sized enterprises (MSMEs). Today, small and growing businesses create around 80% of the Africa’s employment, establishing a new middle class and fuelling demand for new goods and services.

But inadequate regulation, low income levels and lack of understanding of financial principles for SMEs and business owners are limiting finance penetration. One of the greatest challenges however is access to credit, which remains a hurdle for SMEs in Africa. Addressing the issue has been a priority for the private sector, governments and regional organizations for several years. According to The Small and Medium Enterprises Development Agency of Nigeria, 73.24% of the topmost priority of assistance needed by MSMEs’ operators is finance. In addition, only 4.2% of 17.2 million MSMEs have been able to access loans or overdrafts from financial institutions while new entrants or start-ups find it practically impossible to access funds from banks. The reason being that most MSMEs cash flow isn’t stable; it cannot be traced thereafter making it difficult for them to get grants or loans.

With about 350 million adults excluded from the formal financial ecosystem as of 2014, sub-Saharan Africa offers considerable opportunities to expand access to and usage of formal financial services (“GSMA Intelligence” 2014).

Over the next five years, an additional 168 million people will be connected by mobile services across Africa, reaching 725 million unique subscribers by 2020. The number of Africans joining the working age population will exceed that of the rest of the world combined by 2035, according to the International Monetary Fund (IMF).

We believe that for us to reap the fruits of growth in Africa technological innovation must not only be inclusive but must drive equality across the continent. We have started the journey to ensure a financially Inclusive Africa by launching the first solution in Africa’s largest market, Nigeria.

Users can access Naira Manager via  www.nairamanager.com

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple WWDC 2025
Events

Apple Unveils iOS 26, macOS Tahoe, and AI Innovations at WWDC 2025

by Tech Gist Africa
06/15/2025
0

Apple kicked off its annual Worldwide Developers Conference (WWDC) with a series of announcements highlighting significant advancements in software design...

Read more
Zero Carbon Charge South Africa

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

06/15/2025
Kera Senegal

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

06/15/2025
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Next Post
Ecobank to Support African Fintech Start-Ups with $22,000

Ecobank to Support African Fintech Start-Ups with $22,000

Techpoint Set To Host The Biggest Tech Conference in Nigeria – Techpoint Inspired 2018

Techpoint Set To Host The Biggest Tech Conference in Nigeria - Techpoint Inspired 2018

Facebook To Train 50,000 Female Entrepreneurs In Nigeria – #SheMeansBusiness

Facebook To Train 50,000 Female Entrepreneurs In Nigeria - #SheMeansBusiness

No Result
View All Result

The Big 5

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

Mastercard Foundation EdTech Fellowship

12 Kenyan Startups selected for the 3rd Mastercard Foundation EdTech Fellowship

by Tech Gist Africa
06/15/2025
0

...

Funding Africa startup

EIB Global, Family Bank Launch $111 Million Financing to Empower Women & Youth Entrepreneurs

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.