You’re not the only one
MSME AFRICA
Africa's leading news and resources platform for Micro,Small and Medium Enterprises
Hello, dear entrepreneur,
I hope you are doing well.
Sometimes, many of us feel like some things are peculiar to us, especially when it comes to business struggles.
You’re not the only one struggling, and you’re also not the only one who has the potential to succeed. Some other entrepreneurs are also going through the same or similar struggles in business; they just might not be putting it out there. People would usually share more of their wins and accomplishments.
Remember, your business is not defined by your current circumstances. Your vision, your passion, and your commitment define it. So don’t let the limitations of today cause you to give up.
I really hope I'm not sounding like those “Aspire to Perspire” people.😜
All I want you to know is this: Don't be afraid to take the plunge! Stop waiting for opportunities to come knocking. Learn to take control and break free from limitations. Break free from the “one-way" lane and become the king (or queen) of your market.
Here’s what I have for you today:
Trending News
Nigerian Government Reopens Portal for Presidential Conditional Grant Scheme (Grants for 1 million businesses in the 774 Local Government Areas
Good news! The Federal Government of Nigeria has reopened the application portal for the Presidential Conditional Grant to Nano Businesses as part of the Presidential Palliative Program.
The grant sum is N50,000.00 (Fifty Thousand Naira) per beneficiary, and it is designed to reach one million nano businesses in the 774 local government areas. Read more HERE
Huawei Cloud to Grant $10 Million Cloud Credits to Nigerian Startups
On the 3rd of April, Huawei Cloud announced a significant investment of $10 million in cloud credits to support 100 Nigerian startups over two years of its commitment to empower the country’s startup ecosystem and foster innovation and growth on Huawei Cloud. Here's the rest of the story
UNDP Offers N200 Million Support to MSMEs in Bayelsa State
The United Nations Development Programme (UNDP) has extended a N200 million support package to Micro, Small, and Medium Enterprises (MSMEs) in Bayelsa State, in a bid to alleviate the current socio-economic challenges faced by businesses in the state. Read More
FBNQuest Promotes Financial Literacy to Secure Your Future.
FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, recently held its financial literacy and enlightenment session to commemorate the 2024 Global Money Week, and as part of the organization’s Corporate Responsibility & Sustainability (CR&S) activities. This year’s Global Money Week was themed “Protect Your Money, Secure Your Future” to raise awareness among younger generations about savings culture, investment, and financial discipline. Read More
ActivatorHQ Empowers Budding Entrepreneurs with N1 Million Grant
Activator HQ, a market intelligence and capacity development platform focusing on Africa’s top 100 business opportunities, recently provided financial empowerment to aspiring entrepreneurs in collaboration with Merriflux Nigeria Ltd and VOP 90.3 FM, Lagos. Read More
AfDB Commends HEIR Women Hub’s Survey on Female Entrepreneurship Financing Disparities in Nigeria
The African Development Bank (AfDB) has praised the comprehensive survey conducted by HEIR Women Hub (HWH), which shed light on the challenges faced by female entrepreneurs in Nigeria when seeking loans and investments. Read the story here
Opportunities Galore
Call For Applications: Standard Chartered Women in Technology Incubator Program for female-led and founded businesses
Are you a woman leading a tech-driven business in Nigeria?
This is your chance to take your venture to the next level! The Standard Chartered Women in Technology Incubator Program is now accepting applications for its 5th cohort. This program is specifically designed to empower female founders like you by providing the resources and mentorship needed to grow your business. Apply Here
Call For Applications: The Platform Young Professionals Bootcamp (YPB) 2024
This is a call to ambitious young Nigerians looking to launch their careers! Applications are now open for The Platform Young Professionals Bootcamp (YPB) 2024. This intensive program is designed to equip high-performing individuals like you with the critical skills and mentorship needed to thrive in the business world. If you're a recent graduate or final-year student between the ages of 20-25 with a passion for innovation and problem-solving, this boot camp is for you! Apply Here
Recommended by LinkedIn
Call For Applications: Women for Africa Foundation Learn Africa Scholarship Program 2024
Are you a brilliant African woman with a thirst for knowledge and a desire to make a difference? This is your chance to fuel your academic journey! The Women for Africa Foundation's Learn Africa Scholarship Program is now open for applications. Don't miss out on this chance to invest in your future and become a leader in Africa's tomorrow! Apply Here
Call For Applications: GoGettaz Agripreneur Prize Competition 2024 (Up to 100,000 US Dollars in prize)
Are you an agripreneur leading the charge against these pressing issues? Do you have a transformative venture that’s making waves in the agrifood landscape? GoGettaz wants to hear from you. Two entrepreneurs, one woman, and one man, will each win 50,000 US Dollars for the most innovative and scalable business ventures. Apply HERE
For daily opportunities updates, you can join our channel HERE; you can also visit the opportunities section of our news website
Entrepreneurial Origins
Last Week's Trivia
Q: Which continent has the highest rate of entrepreneurship in the world?
A. Europe
B. Africa
C. North America
D. Asia
The correct answer is B. Africa has the highest rate of entrepreneurship in the world.
Today's Trivia
Q: Which of the following African countries is considered the most business-friendly by the World Bank?
A) Rwanda
B) Kenya
C) South Africa
D) Nigeria
Enterprise Chats
Building effective employee relations and fostering engagements is crucial for small and medium-sized business owners. Employees who are satisfied and engaged tend to be more productive, committed, and loyal to the organisation. This leads to increased productivity, improved employee satisfaction, and ultimately the long-term success of your business.
Adeyemi Ajayi, Partner, Exitum Consulting LTD., discussed best practices to ensure effective employee relations for small-sized businesses in light of today's economic realities. Watch it HERE
You can also watch other episodes on our YouTube channel Here
Upcoming Events
In case you don't know what the “Enterprise Academy” is about, this is it.
The Enterprise Academy is an exciting opportunity for business owners who are looking to take their enterprise to the next level.
With access to courses on several topics and skills they need to succeed, every participant will gain knowledge that’ll help take their business to the next level.
Keep your ears to the ground because we're launching soon!
MSME Africa Tip of the Week
Focus on doing a few things rather than trying to do everything.
It's easy to get overwhelmed and spread yourself too thin when you're starting a business. But if you focus on a few core areas and excel in them, you'll be more successful in the long run.
Till next time,
Ododoola, MSME Africa