Crowdsourcing power to the poor in Nigeria

Building capacity in small businesses is key to creating inclusive growth in Nigeria. Uzoma Dozie, CEO, Diamond Bank discusses what the bank and government have done to grow this sector.

BOI promises to pay more attention to small businesses.

What are the burning issues that will probably impact Nigeria's medium and small businesses this year? David Ita, Strategic Partnership and Emerging Business Analyst at Diamond Bank joins CNBC Africa to discuss this topic.

For small firms along Australia’s southeast coast, the tourist influx during the December and January summer holidays is a critical period. But this year, trade has been hard hit by devastating bushfires, and some people have lost their businesses altogether.

Much of Germany's economic life has ground to a halt. Now, many small and medium-sized companies are developing creative new ways to generate revenue.

Instead of quarantine to stop the coronavirus, Vladimir Putin has announced that Russians should stay home on paid leave. But so far it's small businesses who are paying the price — creating a sense of injustice.

Businesses around the world are having to make difficult decisions because of the lockdown measures imposed due to the Covid-19 pandemic. Those running small businesses are having to overhaul operations and face harsh financial realities, often in spite of government support. The French government says that no firm should go bankrupt because of coronavirus and is offering financial help. But is it enough? FRANCE 24 has been speaking to three Paris-based entrepreneurs about how their businesses have been

Data from Stears says Nigerian businesses are likely to be directly affected by the local spread of COVID-19, and many more would be impacted by the partial shutdown of the Nigerian economy. They also stress that most of the 40 million small businesses in the country are ill-equipped to handle a crisis of this scale. Michael Famoroti, Chief Economist at Stears joins CNBC Africa for more.

Amid a nationwide lockdown that has left millions of poor laborers unable to fulfill their basic needs, several good Samaritans and organizations have turned to crowdfunding to help those who are struggling.

A new private sector-led initiative is looking to crowd source funds from Nigerians to help about two million Lagosians whose livelihoods have been severely impacted by the Covid-19 pandemic. Yomi Adedeji, CEO of Softcom and Convener of the HelpNow Initiative joins CNBC Africa for more.

Like thousands of other transgender people in the UK, Jay and Alexis are on waiting lists for gender confirming surgeries. But with Covid-19 exacerbating already years-long patient queues in the state-run National Health Service, they are now turning to crowfunding to finance their operations in the private sector.

Stores are closed on New York's iconic Fifth Avenue, as the coronavirus pandemic keeps tourists at bay. Souvenir shop manager Mukhtar Ahmed only stays afloat thanks to the generosity of his landlord, as he has not been able to pay the rent since March. Tourist numbers have dropped by 66 percent in 2020 according to NYC & Company. Its vice president, Christopher Heywood, reckons that the crisis "has been decimating all facets of our industry," which currently employs 403,000 people.