• About
  • Advertise
  • Careers
  • Contact Us
Wednesday, June 25, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home News

25% of SMBs Expected to Make 50% of their Annual Revenue in Q4 of the Year – Meta

by Techeconomy
December 13, 2022
in News
0
25 per cent of SMBs expected to achieve 50 per cent revenue
Source: Meta

Source: Meta

UBA
Advertisements

The festive season is a critical period for small businesses as a study from Meta’s latest Global State of Small business Report shows that 25% of SMB owners expect to make more than half of their annual revenue in the final months of the year.

However, the study observed that as the COVID-19 pandemic wanes, the most significant challenge SMBs are facing now is the current state of the economy, supply chain disruption, inflation, threat of recession as well as production cost hikes.

Due to the state of the economy, 16% of SMB owners within the past 6 months reduced the size of their workforce in Ghana while 5% of SMB owners in Nigeria have made similar adjustments to their workforce within the same timeframe.

While SMBs fight to find their footing during this post Covid era and navigate the current economic situation, Meta technologies have been instrumental in helping local businesses thrive and have their good ideas discovered.

In the lead up to the festive season, Meta has decided to launch the ‘Good Ideas Deserve To Be Found’ campaign to further build on the success of the campaign first launched in 2021. The campaign is aimed at spotlighting and celebrating local businesses with unique gifting ideas while encouraging holiday shoppers to support local businesses during this festive trading window.

“At Meta, we are committed to empowering SMBs with free skills and resources to help them build thriving businesses, develop meaningful connections, and unlock economic potentials so they can continue making a positive impact across the world,” Oluwasola Obagbemi, Corporate Communications Manager for Anglophone West Africa at Meta.

Oluwasola Obagbemi Meta
Advertisements
MTN ADS
Oluwasola Obagbemi – Meta

She also said, “This festive season, we seek to spotlight and tell the stories of SMBs with unique gifting ideas and provide SMBs with access to tools, support, and solutions needed to grow thriving businesses while reinforcing our continued support of small businesses to ensure they have a voice and ensure the right customers find their good ideas.”

When surveyed, 49% of SMBs in Ghana reported using digital tools for advertising and 59% of SMBs in Nigeria reported generating at least 25% of their sales through digital channels in the past 30 days. It was also revealed that 46% of operational SMBs in Nigeria on the Facebook app reported having sold their goods or services to customers in other countries in the past 5 years.

This compares to the global average of 30%. These discoveries have been made possible through the provision of digital tools for SMBs to ensure they are found by the right customers.

Through this campaign, Meta continues to support and give a voice to more than 200 million businesses using Meta technologies to ensure their good ideas are found.

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: MetaMeta SMBsOluwasola ObagbemiSMBs
Techeconomy

Techeconomy

Next Post
Meta #FlexNaija in Lagos

2023 Nigeria Election: Meta Moves against Misinformation, Hate Speech

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

In 2025, Learn AI Skills to Boost Your Salary by 47%

In 2025, Learn AI Skills to Boost Your Salary by 47%

5 months ago
Tesla Shareholders to Vote on Elon Musk’s $56 Billion Pay Package

Tesla Shareholders to Vote on Elon Musk’s $56 Billion Pay Package

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

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