Hello everyone, Happy Weekend! I'm excited to talk to you again today, and I have a short story for you. Toyin stared at her reflection, frustration etched on her face. Another failed business venture. Another shattered dream. She wondered: was she cursed? For years, Toyin had struggled to scale her business, despite her passion and hard work. Self-doubt and fear had taken hold of her. Particularly because it seemed like success was beyond her reach. Why can't I succeed?" Toyin asked her reflection, tears welling up. "What's wrong with me?" “I have tried several times to export my products to Ghana and other neighboring countries for over a decade and it has never been successful” Her friends and family had begun to doubt her abilities. “Maybe, you're not destined to do this!” One of them said!. Toyin realized that she'd internalized those words. She'd convinced herself that she was jinxed, destined to fail. Desperate for change, Toyin sought her mentor, Mr. Rotimi. Over coffee, she shared her struggles and fears. Mr. Rotimi listened attentively and nodded. "Toyin, you're not jinxed. You're just stuck. You need to change your mindset." Toyin left the meeting with renewed hope. She started small, setting achievable goals and celebrating each success. This is the story of many of us. I've discovered that as entrepreneurs, we've all faced moments of self-doubt, fear, and uncertainty. Sometimes it feels like we're stuck in a rut, especially when we repeat the same mistakes. But what if you could break that jinx? It's time to shatter those mental barriers! No more limiting beliefs or negative self-talk. You have the power to change your narrative. Enough is Enough! No one is doing you! My Naija folks will understand this! 😂😂. Surround yourself with people who believe in you, expel bad vibes and energy, and focus on your strengths. Here’s what I have for you today:
Trending NewsISN partners with the African Food Network and is set to host over 10,000 youths at the CTY Food Festival 2024
As part of the Innovation Support Network (ISN) Annual Gathering, in partnership with the African Food Network, the CTY Food Festival 2024 provides a platform to showcase Africa’s rich culinary heritage. This flagship event will spotlight the latest culinary innovation, sustainable practices, and digital transformation, bringing together food lovers, entrepreneurs, and corporate entities to drive Nigeria’s economic growth. READ MORE BII Partners with Ecobank Sierra Leone on $25M Risk-Sharing Facility to Boost Private Sector Growth British International Investment (BII), the UK’s development finance institution, has announced a $25 million risk-sharing facility with Ecobank Sierra Leone. This facility supports private sector growth in key Sierra Leone’s economic sectors, particularly small and medium-sized enterprises (SMEs). READ MORE German Consortium Invests €40M in Lagos Waste Management Project
A consortium of German companies has pledged €40 million to develop advanced waste treatment infrastructure in Lagos State, aiming to reduce over 1.5 million tonnes of carbon dioxide emissions annually for the next 15 years. READ MORE Afreximbank Approves $20.8 Million Facility for Nigerian Cashew Processing Factory To Support SMEs In Nigeria. The African Export-Import Bank (Afreximbank) has approved a $20.8 million financing facility for Nigeria-based Starlink Global and Ideal Limited to build and operate a 30,000-metric tonne cashew processing factory in Lagos. This move is set to boost local cashew production, create jobs, and support small and medium-sized enterprises (SMEs). READ MORE IVETP Launches Vocational & Entrepreneurship Training Grants to Empower Nigerian Youths
The Ijesa Development Council (IDC) has extended the deadline for its multi-million Naira Ijesa Vocational & Entrepreneurship Training Program (IVETP) to October 31, 2024, giving eligible institutions more time to apply for grants aimed at empowering Nigerian youths. READ MORE REA Launches $750M Renewable Energy Project to Electrify 17.5 Million Nigerians The Rural Electrification Agency (REA) is set to roll out a groundbreaking rural electrification project next month, backed by $750 million in funding from the World Bank. This Distributed Renewable Energy Scale-up Project aims to provide electricity to 17.5 million Nigerians, focusing primarily on renewable energy solutions. READ MORE Governor Ahmed Ododo Disburses N100,000 Livelihood Support Grant for 8,000 Youths and Women in Kogi State
Governor Ahmed Ododo of Kogi State has initiated the disbursement of N100,000 each to 8,000 youths and women across the state’s 21 local government areas, as part of a Livelihood Support Grant aimed at supporting new and existing businesses. READ MORE Opportunity GaloreCall For Applications: WIMBIZ Business Pitch Competition 2024
Are you a female entrepreneur in any sector? This is your chance to showcase your business and stand a chance to win cash grants to take your business to the next level! APPLY TODAY Call For Applications: BAYI Foundation Sponsorship Opportunity to Attend SVPG Product Masterclass. BAYI Foundation will be sponsoring two participants to attend the Silicon Valley Product Group (SVPG) Product Masterclass at the Inspire Africa Conference. This sponsorship is open to individuals from diverse backgrounds, including those with experience in product management and development, as well as those looking to transition into product development. APPLY NOW Call For Applications: Jim Leech Mastercard Foundation Fellowship on Entrepreneurship 2025 For Africans
Unlock Your Entrepreneurial Potential! The Jim Leech Mastercard Foundation Fellowship on Entrepreneurship 2025 is now accepting applications from talented African entrepreneurs. This prestigious fellowship offers a unique opportunity to develop your business skills, connect with a global network of innovators, and drive transformative change in your community. APPLY NOW and join a cohort of visionary leaders shaping Africa's entrepreneurial future! Call For Applications: Anzisha Prize Venture Building Fellowship 2025 for young African Entrepreneurs ($140,000 Prize to grow your Business)
The Anzisha Prize Fellowship is now accepting applications from ambitious young African entrepreneurs. This prestigious program offers a comprehensive venture-building experience, culminating in a $140,000 prize to accelerate business growth. Eligible candidates will demonstrate innovative solutions, entrepreneurial spirit, and potential for socio-economic impact. APPLY NOW Call For Applications: FG Youth Empowerment through Clean Energy (Distribution Of 2,000 CNG Powered Tricycles)
The Federal Government invites applications from Nigerian youths for the distribution of 2,000 CNG-powered tricycles. This empowerment program aims to: - Promote clean energy and environmental sustainability - Foster entrepreneurship and job creation - Enhance youth economic participation Eligible applicants will receive training, support, and ownership of CNG-powered tricycles. APPLY TODAY Call For Applications: 15Wins Venture Funding Program (Up to 50 Million Naira in Funding) Are you a startup ready to take your business to the next level? Do you have an innovative solution with the potential to disrupt the market? 15Wins Ventures is excited to announce the launch of our 5 billion Naira Venture Fund, dedicated to fueling the growth of Nigeria’s most promising startups. APPLY NOW Call For Applications: Green Innovation Challenge (Up to 1 Billion funding for Startups, MSMEs, SMEs)
This groundbreaking initiative offers up to ₦1 billion in funding to startups, MSMEs, and SMEs pioneering eco-friendly solutions. Join the movement towards a sustainable tomorrow! Don't miss this chance to revolutionize Nigeria's green economy! APPLY NOW The Entrepreneur’s QuizLast Week's Question What is the term for the process of creating a detailed plan outlining your business's goals, strategies, and financial projections? A. Business Plan B. Marketing Strategy C. Financial Analysis D. SWOT Analysis Answer: A) Business Plan Today's Question What is the term for a legal document that outlines the terms and conditions of a business partnership? A. Partnership Agreement B. Memorandum of Association C. Articles of Incorporation D. Operating Agreement What is the answer? Fun Facts about EntrepreneurshipDid You Know? 75% of Entrepreneurs Fund Their Startups with Personal Savings Most entrepreneurs rely on their financial resources to launch and grow their businesses. Breakdown of Startup Funding Sources 1. Personal Savings (75%) 2. Friends and Family (15%) 3. Crowdfunding (5%) 4. Venture Capital (3%) 5. Angel Investors (2%) 6. Small Business Loans (1%) 7. Incubators and Accelerators (1%) 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 12 October 2024
We need to break the Jinx!
Friday 11 October 2024
Weekly Roundup: Major Mining Developments in DRC-Zambia
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