Dear Entrepreneur, A naija party without jollof rice is definitely a national disappointment and a crime against culture.You know. I know. Even our ancestors know. Every Nigerian also knows this truth: bad Jollof rice is an emotional experience. Too much tomato? Soggy rice? No pepper? It messes with your soul. Now imagine running your business with a team that’s the equivalent of tasteless party jollof rice. 😩 Just like Jollof rice, building a great team is all about getting the ingredients and timing right. 🍅 Step 1: Know Your Core Ingredients No matter how you like your Jollof- smoky or spicy, you need the basics: -Vision = your rice (everything rests on it) 🔥 Step 2: Don’t Skip the “Frying Stage” Ever tasted Jollof that was just boiled without frying the pepper base? 🧂 Step 3: Every Ingredient Has Its Timing You don’t add Maggi at the same time you add rice. 🥘 Step 4: Don’t Overcrowd the Pot Small pot, 15 ingredients, 4 spoons. Disaster is inevitable. 🍗 Step 5: Don’t Forget the Extras Yes, rice is the main deal, but the real MVP is that fried plantain, moi moi, cole slaw or grilled turkey on the side. -Recognition 👩🏾🍳 Final Recipe for Founders: If your business is the party, your team is the Jollof rice that makes people come back. So please, no soggy rice, no under-seasoned staff, and definitely no burnt bottom-pot vibes (unless that’s the plan 😅). Here’s what I have for you today:
Trending Business NewsNigeria Launches $50 Million Impact Investment Fund to Spur Inclusive Growth and MSME Financing The Nigerian Government has launched a $50 million investment into the Nigeria Wholesale Impact Investment Fund (WIIF), marking the first phase of a planned $100 million initiative aimed at accelerating sustainable economic growth across the country. Read more African Credit Rating Agency (AfCRA) Set to Begin Operations in September 2025
AfCRA will primarily focus on local-currency debt ratings—a move aimed at supporting the development of domestic capital markets and decreasing reliance on foreign-currency borrowing. Mutize emphasized that AfCRA will not serve as a platform for favorable bias toward African nations. Get more details HERE Nigerian Government Offers Free Training for Youth under ‘Skill Up Artisan’( SUPA)
Young Nigerians now have a new opportunity to upgrade their skills and improve their livelihoods through a federal government initiative known as Skill Up Artisan (SUPA). The programme is designed to equip artisans with modern vocational and digital skills to meet international standards.s. More details Here BOI to Deepen Youth Entrepreneurship Through Tech Hubs and Innovation Funds
The Bank is rolling out some high-impact initiatives including the planned launch of the Industrial Innovation Fund which will provide financing across the full innovation value chain—from research and prototype development to equity investments and debt financing—aimed at boosting youth participation in digital technology and the creative industries. Read more Google to Shut down Android Instant Apps by December 2025 Due to Low Usage
Google has announced that it will discontinue support for Android’s Instant Apps by December 2025, bringing an end to a product once aimed at transforming how users interact with mobile applications. Launched in 2017, Instant Apps allowed users to access lightweight versions of Android apps via web links—without needing to download them from the Play Store. Get more details HERE Opportunities GaloreCall for Applications: The Youth Sustainable Enterprise Challenge (YSEC)
The Youth Sustainable Enterprise Challenge (YSEC) is an initiative of British Council and King’s Trust International (KTI), aimed at fostering entrepreneurship among Nigerian youths. It is structured as a 7-weeks hybrid training, delivered through a blend of physical and virtual sessions. The programme is designed to equip participants with the practical skills, entrepreneurial mindset, and mentorship needed to start and successfully manage an enterprise. .Get more details and Apply today Call For Applications: Africa Food Prize 2025 (Up to $100,000 Cash prize)
The Africa Food Prize recognizes extraordinary women, men, and institutions whose outstanding contributions to African agriculture are forging a new era of sustainable food security and economic opportunity that elevates all Africans. Get more details here. Call For Applications: The Foundry Fellowship 2025 for Africa-Based Entrepreneurs
The Foundry Fellowship is an eight-month, transformative experience for accomplished entrepreneurs who are committed to leading the acceleration and interconnection of Africa’s innovation and entrepreneurship ecosystems.Get more details HERE Call for Applications: SLINGSHOT 2025 Startup Pitching Competition ($400,000 Startup SG Grant Prize) Participating in Slingshot gives you an opportunity to vie for a chance to be part of the SLINGSHOT 2025 Top 60 Global Startups,get connected to our vibrant startup community in Singapore, secure over S$2 million in startup funding, and embark on your global startup journey through SLINGSHOT Get more details here. Call for Applications: International Breweries Kickstart Entrepreneurship Program (Up to N3Million Business Grants, Training, Mentorship) The programme funds youth-owned businesses through business training, seed capital, post investment support (mentoring and coaching) in the following sectors: Agriculture, Retailing, Circular Packaging, Renewable Energy, and others, aimed to empower young entrepreneurs with the strongest business cases, winning grants to fund their businesses, and thereby creating jobs in different sectors. Get more details and apply HERE You can access many more opportunities HEREFun Facts about EntrepreneurshipDid you know that the concept of entrepreneurship in agriculture dates back to ancient Mesopotamia around 4500 BCE, where farmers first began to domesticate crops and animals, leading to the development of settled agriculture and the emergence of early entrepreneurial ventures like trade and specialization? Around 4500 BCE, people in Mesopotamia began to domesticate plants like wheat, barley, and legumes, as well as animals like sheep, goats, and cattle.This marked a significant shift from nomadic hunting and gathering to settled agriculture.Agriculture allowed for food production beyond immediate needs, creating surpluses.With food security, people began to specialize in various tasks, like craftsmanship, trade, and governance. Farmers traded excess produce for other goods, like tools or textiles. This exchange helped stimulate economic growth. This ancient Mesopotamian innovation laid the groundwork for modern agricultural entrepreneurship, showcasing the power of innovation, specialization, and trade in driving economic growth. Some Resources For YouBuilding Resilience: How to Overcome Common Business Obstacles How African Startups Can Secure Funding in Tough Markets 10 Steps to Start a Profitable E-commerce Business in Nigeria For more news, opportunities, resources, and other items, kindly visit: www.msmeafricaonline.com Follow us on social media: YouTube , Instagram, Twitter (X), Facebook, LinkedIn Join other Entrepreneurs across Africa in the MSME Africa Community HERE Till next time Olu, 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, 14 June 2025
A Jollof Rice Conversation
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What kind of "retention plan" is this?
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