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Sunday, 17 November 2024
Weekly Roundup: Major Mining Developments in DRC-Zambia
Saturday, 16 November 2024
2025, Is that you?
Dear entrepreneurs, 46 more days and 2024 will be over. Just like that? It feels like just yesterday we were setting resolutions and making plans for 2024, doesn’t it? Now, the calendar whispers of a new year just around the corner—2025! The speed of time can be overwhelming, but here’s the thing: 2024 isn’t over yet. I spoke with two friends in the past few days and something was common about the two conversations; both of them have ‘technically’ stopped thinking about 2024 and are busy preparing for 2025. Incidentally, both of them are business owners. These are the issues ! 2024 is not over yet; your big break can still happen within the remaining 46 days of 2024. Don’t let the hustle for next year’s plans distract you from the opportunities still ripe this year. Use this time to refine your strategies, close those lingering deals, plan and execute that end-of-year sales program and lay the foundation for explosive growth in 2025. Remember, the year’s not over until it’s over. The best stories are often written in the final chapter. So, keep pushing, keep innovating, and don’t stop believing in the possibility of a breakthrough—because 2024 still holds promise. Here’s to finishing strong and stepping boldly into 2025 with momentum! Let’s make it count! Here’s what I have for you today:
Business Growth Series is Here Again
Are you ready to make SMART business and financial decisions? Join us at MSME Africa’s upcoming Business Growth Series, designed for entrepreneurs who are serious about sustainable growth! Do you wish to get practical tips for surviving and thriving in this present economic landscape? Come Learn actionable strategies on financial management, decision-making, and navigating business challenges. This is your moment to power up your business. Register now and secure your seat! Register via: bit.ly/BGSNOV2024 Trending NewsSMEDAN and EDC Partner to Empower 10,000 Women Entrepreneurs in Nigeria
In a landmark move to support female entrepreneurship, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed an MoU with the Enterprise Development Centre (EDC) to empower 10,000 women across Nigeria’s creative, agriculture, and technology sectors. The MoU, formalized at the 2024 MSME Conference, is set to deliver essential training and business support to women entrepreneurs, marking a significant step toward inclusive growth and sustainable development. Read more Nigeria’s inflation rate rises to 33.88% in October 2024
Nigeria’s inflation rate rose to 33.88 per cent in October from the 32.70 per cent recorded in September largely due to high prices of petroleum products. The October 2024 headline inflation rate increased by 1.18 per cent points compared to the September 2024 inflation rate. On a year-on-year basis, the inflation rate was 6.55% points higher than the rate recorded in October 2023 (27.33%). According to latest figures from the National Bureau of Statistics (NBS), food inflation rate in October 2024 was 39.16 per cent on a year-on-year basis, 7.64% points higher compared to the rate recorded in October 2023 (31.52%). More details HERE Winners of the 2024 Africa Tech Festival Innovation and Excellence Awards Announced
The Africa Tech Festival Awards 2024 took place on 13 November 2024 at the stunning Bay Hotel in Camps Bay, Cape Town, celebrating exceptional technological advancements and expertise across the continent. This prestigious event honoured companies, individuals, and projects that have demonstrated excellence and commitment to pushing the boundaries of technology in Africa.See details of the winners HERE CBN Issues Decisive Warning, Imposes 10% Fine on Banks Linked to Cash Hawking
The Central Bank of Nigeria (CBN) has issued a decisive warning to Deposit Money Banks (DMBs), cautioning them against cash hoarding and diversion as the festive season approaches. The apex bank emphasized that these actions will attract severe penalties, in line with its commitment to ensure efficient cash flow and curb naira abuse. In a circular dated November 13, 2024, signed by the Acting Director of Currency Operations, Muhammad J. Olayemi, the CBN outlined stringent measures to promote transparent cash disbursement. Read more Opportunity GaloreCall For Applications: KPMG 2025 Female Founders in Africa Competition for Female Entrepreneurs
KPMG is seeking ambitious and high-growth ventures that are owned and led by women from a diverse range of sectors, including technology, health, agriculture, and more. KPMG encourages female founders who are passionate about their businesses, demonstrate a strong market potential, and have a clear ambition for growth to apply. This competition aims to empower women entrepreneurs by providing them with the necessary support, resources, and networking opportunities to elevate their businesses. Apply today Call For Applications: Green Agribusiness ScaleUp Program (GASUP) Green Agribusiness Scale Up Program (GASUP) is an initiative developed by Venture Hub Africa in partnership with JR Farms Africa and Venture Nation Inc, to support Nigerian Agric entrepreneurs who are actively tackling Nigeria’s most pressing agricultural challenges. The program aims to support 100 Agric entrepreneurs with business management training and access to resources. 10 of these, who show significant potential for scale, will gain access to premium support, intensive coaching, technical assistance, and funding opportunities. Get more details and apply. Call For Applications: Anzisha Prize For Young African Entrepreneur (cash prizes valued over $50 000 and business support )
The Anzisha Prize is a venture building fellowship program that has successfully supported and championed very young entrepreneurs for over 10 years. The fellowship is a multi-year program that celebrates and rewards business growth. During the course of the fellowship, the program will track the performance of the business and the entrepreneur. Businesses that show exemplary growth and initiative are rewarded with benefits and services such as short courses, cloud services and cash stipends.By applying to the Anzisha Prize you stand a chance to win a share of grand cash prizes valued over $50 000 and business support for your business. Apply now Call For Applications: GIZ-DTC Digitalization Consultants Capacity Building Program For MSMEs in Nigeria.
GIZ/DTC Nigeria through the project managers Eco-Consult is excited to announce the commencement of the application process for the Independent Digitalisation Consultants Capacity Building Program. This program is offered under the “Support for the Digital Transformation of MSMEs in Nigeria through an Ecosystem Development Approach” initiative. The primary goal is to support the digital transformation of Micro, Small, and Medium Enterprises (MSMEs) across Nigeria through the adoption and deployment of digital solutions enabled by a network of certified Digitalisation Consultants who will provide hands-on digital business services and knowledge transfer. Check out this opportunity HERE Call For Applications: Rice Master Training Program (RMTP) 2025 The RMTP is a comprehensive three (3) week training program aimed at enhancing both technical and managerial skills in the rice value chain. The training will cover a period of 7 months where participants would be in 3 separate sessions. This initiative will take place from 27th January to 1st February 2025 in Ghana and is set to revolutionize the rice value chain across the ECOWAS region and beyond by building the capacity of experts in the sector. Get more details here. You can access many more opportunities HERE The Entrepreneur’s QuizLast Week’s Quiz Which type of funding involves raising capital by offering ownership shares in the business to investors? A) Debt Financing Answer is : B. Equity Funding This Week’s Quiz What is considered one of the earliest forms of entrepreneurial activity in Africa? A) Trans-Saharan trade routes established around 500AD B) The formation of the African Union C) The colonization of Africa by European powers D) The ancient Kingdom of Kongo's agricultural practices. Fun Facts about EntrepreneurshipDid you know that Madame C.J. Walker (1867-1919), an African American entrepreneur, became one of the wealthiest self-made women of her time by building a hair care empire? Walker's achievements:
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