Microsoft 4Afrika has signed a partnership with the Tony Elumelu Foundation to provide tools, resources and mentorship to entrepreneurs enrolled in the foundation’s entrepreneurship programme.
In a press release by Microsoft, the two organisations will help entrepreneurs to use ICT to further their businesses, enrich their services and reach new customers.
“Microsoft 4Afrika and the Tony Elumelu Foundation share a common goal to accelerate economic and social development by promoting entrepreneurship…”, says Akin Banuso, General Manager, Microsoft Africa. Echoing sentiment shared by experts and people the world over, he continued saying, “As we enter into an era of digital transformation, it’s vital that we help all entrepreneurs develop relevant technology skills and integrate ICT into their businesses. Technology can help SMEs reach customers outside their local markets, generate powerful business insights and improve their customer retention. We have found that SMEs who adopt this kind of modern IT have seen 15% faster revenue growth than those not using it.“
In what has become an annual event since its inception in 2015, the Tony Elumelu Foundation provides 1000 entrepreneurs with training, mentorship, access to seed capital and membership into the TEF Africa-wide Network through its entrepreneurship programme.
With a partner like Microsoft now on board, the entrepreneurs will now have access to an essential ICT dimension, strengthening their capacity and ensuring that they remain relevant and competitive.
During the The Tony Elumelu Foundation Entrepreneurship Forum in Lagos in October, Microsoft will be training the entrepreneurs in the usage of its platform and services.
In addition, Microsoft will also identify high potential entrepreneurs from the TEF Entrepreneurship Programme and integrate them into its Innovation Grant Programme, a programme which since 2013, has provided financial support to over 55 local startups, who have since generated $5.1 million in reciprocal investments.
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Fincheck: TransUnion Partners SA’s Financial Comparison Site to Move Consumers toward Financial Freedom
TransUnion, a leading global information and insights company, partners the largest financial comparison marketplace in South Africa known as Fincheck, strategically for making the process of credit application by consumers much easier and less stressful.
Fincheck has the ability for making the process of searching for the best-suited bank, lender or insurer effortless for numerous consumers because of its deep understanding of the risk appetites of financial institutions in the country.
TransUnion is the leader of South Africa’s credit market, who does well to provide thorough details of each applicant seeking credit. By this partnership of market leaders, Fincheck can adequately match the right lead to the right lender, insurer and banks to save time for all parties.
Currently, the fintech company compares offers from more than 80 major banks, insurers or lenders in South Africa, which allows their consumers choose the most suitable and competitive form of financing for finding credit to cover unexpected expenses or making ends meet.
Due to this new arrangement, consumers can also have access to a free TransUnion credit report on Fincheck, helping them understand their financial position to make better and more responsible financial choices. The report is easily understood and states clearly actionable steps on how to improve credit score and financial health.
In a statement released, Hans Zachar, the Director of Emerging Markets at TransUnion Africa, stated that,
“The TransUnion/Fincheck partnership will assist consumers in managing their finances, especially during these challenging times. By working with Fincheck we’re helping to increase financial awareness and access to credit.”
Thanks to the COVID-19 economic slowdown across the globe, Fincheck has seen an enormous interest from its new and existing consumers, wanting to improve their credit scores.
According to the CEO of Fincheck, Michael Bowren, commenting on the new relationship, he said,
“Being able to access affordable credit and valuable information in the same place will help South African consumers during these challenging times. Checking the information held on you is accurate before making an application can be an invaluable tool that can help you understand your financial options more clearly.”
Bowren concludes saying ultimately, their aim is to assist the user with his/her financial decisions and move them towards financial freedom.
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