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Ikeanumba Africa launches business support facility for MSMEs

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Ikeanumba Africa, an entrepreneurship-driven magazine, has launched a business support facility for operators of micro, small and medium scale enterprises (MSME) in the country by setting aside N10 million annually to fund clusters.

Group Head and Chairman, Ayabanma Ikeanumba.


The vision, according to the group, is to impact lives and develop solutions as a result of the challenges of small businesses accessing finance.

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Speaking at a press briefing in Lagos, the Group Head and Chairman, Ayabanma Ikeanumba, underscored the importance of small and medium business enterprises to the economy.

He said this was confirmed by several surveys and research conducted by the group before the launch of the SME support project.

He also said the new product comes with a contest for 10 beneficiaries, adding that the importance of a one million naira scheme for 10 business owners is to make an impact, ensuring that they remain in business for a long period of time without being liquidated or run out of operation.

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Ikeanumba in his words said: “The support project tagged the Partner 2021, is basically for the startups. We have a team that is handling that.

“We will evaluate your business before giving you such support and the entrepreneur could be Mama Put out there, our focus is on the growth of the business.

“Our group has set aside N10 million yearly to meet the urgent needs of existing and potential businesswomen and men in the SMEs space.

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“This is not a loan, it’s just a mere support which comes with a contest for 10 entrepreneurs.”

Speaking on the by-monthly magazine, Ikeanumba noted that the essence of the magazine is to create an interactive space for the people who have succeeded in what they are doing.

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“We are not mindful of what the environment is, but what basically we are concerned about is announcing successful businessmen and women in their chosen fields,” he said.

Also speaking at the forum, the Editor in charge of the magazine, Akudo Abengowe, stressed the need for the scheme, noting that contest is for the support is just N30, 000 for the magazine subscription for a year and have a business plan with a minimum of three employees, adding that by meeting up with the criteria, then a contestant could be one of the successful entrepreneurs at the end of 2021.

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