Dear entrepreneurs, Before I forget, Happy New to you all! Thank you for always reading my newsletters. There would not have been a reason to write if you were not reading them. Thanks a million! Today let's talk about employee wellbeing. Employee well-being is crucial for a thriving business. Happy employees are more productive, provide better customer service, and stay with the company longer. To prioritize their well-being, consider physical, mental, emotional, and financial aspects. This includes offering flexible work arrangements, mental health resources, recognition, and growth opportunities. Competitive salaries, financial education, and employee savings plans also contribute to well-being. Start small by conducting employee satisfaction surveys, holding regular team meetings, and introducing well-being initiatives. Lead by example, prioritizing your well-being too. Remember, employee well-being is an ongoing process. By showing your team you care, you'll reap the benefits of a happy, healthy, and productive workforce. Here’s what I have for you today:
Trending NewsRotary Club To Empower FCT Communities with N25 Million in Business Grants
To boost entrepreneurship and economic resilience in the Federal Capital Territory (FCT) Indigenous communities, the Rotary Club of Abuja Federal has announced a substantial empowerment initiative. One hundred local men and women will each receive grants of N250,000 to grow their small-scale businesses. READ MORE Access Bank Launches “Power of 100 Africa” to Empower Female Entrepreneurs Across 16 African Countries Access Bank has introduced its “Power of 100 Africa” initiative, a program aimed at supporting 100 female entrepreneurs across 16 African nations. READ MORE GIZ Identifies 480,000 MSMEs for Infrastructure, Green Solutions in Nigeria
The German Economic and Development Agency (GIZ) has evaluated 480,000 Micro, Small, and Medium Enterprises (MSMEs) in Nigeria, with plans for targeted interventions to boost their operations and economic impact. This assessment spans five states—Ogun, Edo, Plateau, Niger, and Lagos—as well as the Federal Capital Territory. READ MORE NASENI, Imose Technologies Unveil Made-in-Nigeria Laptops, Tablets
In a significant step toward Nigeria’s digital transformation, the National Agency for Science and Engineering Infrastructure (NASENI) has partnered with Imose Technologies Ltd to launch Nigeria’s first locally-produced laptops and tablets. READ MORE Step-by-Step Guide on How to Apply for the BOI/FGN 75 Billion Intervention Fund for MSMEs The BOI/FGN ₦75 Billion Intervention Fund provides an unparalleled opportunity for Nigerian MSMEs to expand and innovate. Whether you’re in manufacturing or agro-processing, this fund can give your business the financial push it needs to thrive. By following this streamlined application process, you can set your enterprise on a path toward growth and stability. READ MORE Afreximbank Awards $350,000 to Top Creative Startups at CANEX WKND 2024
At the recent CANEX WKND 2024 in Algiers, the African Export-Import Bank (Afreximbank) committed a total of $350,000 to fund creative startups across Africa through its pitch session, “CANEX Presents the Angels.” The event brought together 12 entrepreneurs from 10 countries, all vying for capital to drive growth and expand their businesses. READ MORE HERE CBN Clarifies Naira Notes Policy Amid Calls for Old Notes Phase-Out by December 31, 2024
The Central Bank of Nigeria (CBN) has denied reports suggesting it must phase out old N200, N500, and N1,000 notes by December 31, 2024. This clarification follows a House of Representatives directive urging the CBN to increase the circulation of new Naira notes and gradually withdraw old notes before the year-end deadline. READ MORE Opportunity GaloreCall For Applications: BOI/FGN MSME N75 Billion Intervention Program
Unlock Your Financial Potential with the FGN MSME Intervention Program The Federal Government's N75 Billion MSME Intervention Program is aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) across the nation. APPLY TODAY Call For Application: Eco Hero Summit and Awards (Up to $1800 Prize)
Calling all eco-warriors and sustainability champions! Apply now for the Eco Hero Summit and Awards, a prestigious platform recognizing outstanding contributions to environmental conservation. Join a community of like-minded innovators, thought leaders, and change-makers from around the world to share ideas, collaborate, and inspire action. Don't miss this chance to make a lasting impact on the planet. Submit your application TODAY! Call for Applications: Naija SDGs Fintech Hackathon 4.0! (Up to One Million Naira cash prize)
Join fellow tech enthusiasts and visionaries in developing groundbreaking financial technologies to address Nigeria's SDG challenges. Stand a chance to win: - Up to One Million Naira cash prize - Mentorship and networking opportunities - Access to funding and investment. APPLY NOW Call For Applications: Junior Achievement Nigeria Google Certification Bootcamp (Training, internship, mentorship)
Launch your career in tech! Apply for Junior Achievement Nigeria's Google Certification Bootcamp. Gain: - Industry-recognized Google certification - Practical training and hands-on experience - Internship opportunities - Mentorship from tech experts - Networking opportunities Empower your future. APPLY TODAY! Call For Applications: Value4Her Initiative For Women Agripreneurs Across Africa
Boost your women-led agribusiness! Apply for Value4Her Initiative: training, mentorship, market access, and funding opportunities. Empowering women agripreneurs across Africa. APPLY NOW! Call For Applications: Access Sustainable Finance Accelerator Program (Funding, Mentorship, Workshops and Training)
Scale Your Sustainable Impact! Apply for the Access Sustainable Finance Accelerator Program, empowering innovative entrepreneurs and startups driving environmental sustainability. APPLY TODAY and join a community of changemakers transforming the future. Call For Applications: YALI RLC West Africa Emerging Leaders Program – Cohort 52 (onsite) Fully Funded.
Lead change in West Africa! Apply for YALI RLC Emerging Leaders Program – Cohort 52: fully-funded onsite training, mentorship, and networking. Citizens of West African countries aged 18-35 are eligible. APPLY NOW! The Entrepreneur’s QuizLast Week’s Question What is the term for the process of raising capital from a large group of investors, often through online platforms? A. Venture Capital B. Crowdfunding C. Angel Investing D. Debt Financing The correct answer is: B. Crowdfunding Crowdfunding is the process of raising capital from a large group of investors, often through online platforms, social media, or other digital channels. This model allows individuals, businesses, or organizations to raise funds from a diverse pool of people, typically in exchange for rewards, equity, or interest. Examples of crowdfunding platforms: 1. Kickstarter 2. Indiegogo 3. GoFundMe 4. Seedrs 5. Crowdfunder The other options are incorrect because: A. Venture Capital: Funding provided by firms or individuals to startups with high growth potential, typically in exchange for equity. C. Angel Investing: Funding provided by wealthy individuals to startups in exchange for equity. D. Debt Financing: Borrowing money from lenders, such as banks, with the promise to repay with interest. Today's Question Which financial statement shows a company's revenues, expenses, and net income over a specific period? A. Balance Sheet B. Income Statement C. Cash Flow Statement D. Profit and Loss Statement Fun Facts about EntrepreneurshipDid you know that 60% of entrepreneurs are motivated by independence? Yes, Independence allows entrepreneurs to: - Make their own decisions - Set their schedules - Pursue their passions - Create something from scratch - Take calculated risks This desire for independence is often rooted in the entrepreneurial mindset, which values freedom, self-reliance, and innovation. For more news, opportunities, resources, and other items, kindly visit: www.msmeafricaonline.com Follow us on social media: YouTube: bit.ly/MSMEYOUTUBE IG & X: @msme_africa Instagram:https://www.instagram.com/msme_africa?igsh=MWdoaTJwMml5MWRiYw== Twitter:https://x.com/msme_africa?t9VEpbxggkorFvAMCKwg4Mg&s=09 Facebook:https://www.facebook.com/msmeafricaonline LinkedIn:https://www.linkedin.com/company/msme-africa/ Join our Community HERE 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 2 November 2024
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