Dear business owners, As I started to write this newsletter to you, a popular funny video usually posted on Facebook came to mind where a man was shouting “Why are you running?”🤣🤣😂😂 Thinking about it, I thought to say that it's the second half of the year and many of us might start putting ourselves under pressure. So, I want to remind you all to take a deep breath and relax. The truth is this: It's easy to get caught up in the hustle and bustle of entrepreneurship, but resist the urge to join the rat race or put undue pressure on yourselves. Yeah I mean it! Remember, success is not a sprint, but a marathon. It's important to pace yourselves and enjoy the journey, rather than constantly stressing about the destination. Take time to reflect on your progress so far, celebrate your achievements, and learn from your setbacks. Don't be too hard on yourselves - every mistake is an opportunity to grow and improve. As we move forward into the second half of the year, I encourage you to prioritize your well-being, take breaks when needed, and focus on sustainable growth. Sometimes, just take Coke and sleep! Take it easy, and let's make the second half of the year count! Here's what I have for you today!
Trending NewsNigerian Government Announces N650 Billion Facility for MSMEs and Youth-Owned Businesses
The Federal Government has unveiled a N650 billion initiative to provide lower-cost short-term financing to youth-owned businesses, manufacturers, and Micro, Small, and Medium Enterprises (MSMEs) nationwide. READ MORE Nigerian Government Approves Withholding Tax Exemptions for Small Businesses, Manufacturers, and Farmers
The Federal Government of Nigeria has approved significant changes to its withholding tax regime, providing exemptions for small businesses, manufacturers, and farmers in an effort to reduce the tax burden on these sectors. READ MORE SMEDAN Secures N6B Single Digit Interest Rate Loans For SMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed a memorandum of understanding (MoU) with the Bank of Industry (BOI) and Sterling Bank to provide SMEs with access to capital at single-digit interest rates. This initiative supports working capital, workplace procurement, and work equipment for small and medium enterprises (SMEs). READ MORE Meta Launches Money-Making Features on Facebook for Creators in Ghana and Nigeria
Meta has rolled out two new features, Facebook In-Stream Ads and Facebook Ads on Reels, in Ghana and Nigeria, allowing creators to earn money from their videos. These features enable talented individuals to turn their passion into profit by creating original content and building a loyal following. READ MORE Wema Bank Donates Car to Winner of Outstanding MSME Clinic Award at 2024 National MSME Awards
Wema Bank recently donated a brand-new car to Desoor Bags, the Outstanding MSME Clinic award winner in the female category, at the 2024 National MSME Awards Night held at the Presidential Villa in Abuja. This event marked the celebration of World MSME Day. READ MORE Lagos State Disburses N10 Billion to Empower Businesses
The Lagos State government has announced the disbursement of N10 billion to support 500,000 small-scale businesses through the Lagos State Employment Trust Fund (LSETF) since its inception in 2016. This initiative aims to empower businesses and create jobs for Lagosians. READ MORE British International Investment Commits $75 Million to Second Green Basket Bond British International Investment (BII), the UK’s development finance institution and impact investor, has committed $75 million to the second Green Basket Bond arranged by Symbiotics Investments. This bond aims to increase financing for small-scale green projects across Africa, and South, and Southeast Asia, with a particular focus on India, through MSME lenders. READ MORE Feature ArticlesPitch Like a Star: African Guide to Mastering the Art of Pitching As an entrepreneur, selling is a constant. You often find yourself selling one idea or another. It’s always either a product you’ve built, a product You're building, or something you'll be building in the future. This is why you need to master the art of pitching. Here’s a strategy that always works even if you have only 24 hours or less to prepare for a pitch session. READ HERE Opportunity Galore Call For Applications:FOGDev Access Elevating Creativity 1.0 Free Graphics Design and Web Design Training
Calling all creative minds! Are you eager to unlock your potential in graphics design and web design? FOGDev Access presents Elevating Creativity 1.0, a FREE training program designed to equip you with the skills to succeed in the design industry. Don't miss this chance to elevate your creativity and transform your career. Start Date: 15th July 2024 Cost: FREE! Call For Applications: GAIN AGRI-Business Innovation Challenge (Up to ₦ 20,000,000 EQUITY-FREE GRANT)
African Export-Import Bank (Afreximbank) is pleased to announce its collaborative effort with the Grand Africa Initiative (GAIN) through a grant aimed at facilitating the training of 300 young African entrepreneurs. The training program will focus on entrepreneurship and intra-African trade and is set to commence in March 2024. APPLY HERE Call For Applications: NerzdzFactory Foundation DIGIGAP program
This program is designed to transform participants’ potential into success. Whether you’re eager to land your dream job or embark on an entrepreneurial journey, this program is your gateway to a world of opportunities. The Youth Transition Program is tailored to meet your needs and aspirations, as we dive into learnings that include but are not limited to Digital Workspace tools with Practical Exercises, Digital Workplace Skills, CV writing & LinkedIn Optimizations, and more. APPLY HERE Call For Applications: Brave Redemptive Fellowship Program 2024 (Fully-funded)
Are you a software engineer, product designer or innovator? Apply now for the Brave Redemptive Fellowship Program 2024. They invite you to join in shaping the future of tech, design, and entrepreneurship with a redemptive lens. You will gain the skills, mindset, and ethos to transform culture, lead innovations, cultivate a thriving community, and embrace curiosity in your pursuit of a redemptive impact on the world. APPLY HERE Call For Applications: IF Social Impact Prize 2024 – Round 2 (Win €100,000)
Applications are open for the second round of the iF Social Impact Prize 2024. The iF Social Impact Prize supports projects that contribute to improving society. If you work towards achieving one or more of the UN Sustainable Development Goals, your project is eligible.Deadline: September 13, 2024 Entrepreneurial Origins Last week's trivia Which African entrepreneur founded the e-commerce platform, Jiji? A) Naspers B) Rocket Internet C) Justin Hawkins D) Ayodeji Adeogun Answer - Justin Hawkins Today's Trivia Who is the founder of the African entrepreneurship platform, Afrobytes? A) Amadou Daffe B) Eric Osiakwan C) Rebecca Enonchong D) Iyinoluwa Aboyeji MSME Africa Tip of the WeekBuild a Strong Network Surround yourself with people who support, encourage, and challenge you. A strong network of mentors, peers, and partners can provide valuable guidance, resources, and opportunities. Attend industry events, join relevant groups, and connect with people on LinkedIn. Nurture your relationships by offering help, sharing knowledge, and showing genuine interest in others' work. Invest in building a strong network, and it will pay dividends throughout your entrepreneurial journey! Till next time Ododoola, MSME Africa MSME Africa Pulse is free today. But if you enjoyed this post, you can tell MSME Africa Pulse that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments.
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Saturday, 6 July 2024
Why are you running?πππ
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