BLACK COCKTALE : Africa

Showing posts with label Africa. Show all posts

What if your old clothing’s could inspire a better tomorrow to child in a community near you?

KAREs Plus is an initiative with a passion for providing aids to the poor; by converting student’s trifles or old items into reusable or valuables for the less privilege in its immediate communities.

Our Goal is to promote students social responsibility and solve the problem of unavailability of good clothing in rural communities.

Founding Story

Veronica stood in the bus and narrated how her friend got posted to a village where schools are hut built since 1992, a hut that reminded her of the kitchen our grandmothers used in the olden days, children wore one tattered cloth for a whole week and sometimes even two without hope of washing because there were no extra ones. Her friend who came on a Friday and was to return on a Sunday but she was in need of clothing, shoes, old items e.t.c she could give to the poor children & youth of these community.

KAREs COLLECTS your junks or old items which it considers as reusable valuables rather than have them thrown away; SORT, PROCESS, PACKAGE & DISTRIBUTE them neatly to the needy in the community. These items may vary from shirts, trousers, shoes, bags… etc.

Store up-cycled item and make them readily available to NGOs, Individuals, and Charities to distribute

If you are around the University of Ibadan and have any old item you wish to discard; kindly allow us the privileged of being your trash bin for this items.

You can also donate to our initiative via FINOFUND CROWDFUNDING PLATFORM on www.finofund.com or deposited to the account details below with the project name "KAREs" reflecting in your depositor’s name:

Account Name – FINOCROWD SOCIAL ENTERPRISE

Account Number – 2 0 2 8 0 1 0 0 8 7

Bank Name – First Bank PLC

Please Message or Call: Veronica on 08099813344 or Bolaji on 07036466617

Or BBM: 5687F5E8

You can also like our Facebook page: www.facebook.com/kareplus

Or email us @ karesplus@gmail.com

Phone No: +2348099813344, leave us a message on

If you CARE, KAREs can care for more!!!

Copied: http://tonyelumelufoundation.org/

“Africa Rising” is easily the most important story emerging from sub-Saharan Africa this century – more significant, in my opinion, than political unrest, terrorist threats, power hungry dictators, and the prospects of debilitating diseases. A combination of rising commodity prices, improving democratic and governance practices, and the adoption of technology, have helped many sub-Saharan African countries break out the vicious grip of persisting underdevelopment.

The Africa Rising Narrative has in recent years attracted plenty of attention from around the world, from writers, conference planners, investment banks, consulting firms, and foreign governments. The book, “Africans Investing in Africa: Understanding Business and Trade, Sector by Sector” is one of the latest additions to the burgeoning library of “Africa Rising”-inspired reports, surveys and analyses.

Edited by Terence McNamee, Mark Pearson and Wiebe Boer (and with an Introduction by renowned economics professor and development expert Paul Collier), Africans Investing in Africa is the outcome of a scholarly collaboration between two Africa-owned and Africa-focused philanthropic organisations, the Tony Elumelu Foundation in Nigeria, and the Oppenheimer family’s Brenthurst Foundation in South Africa. It comprises 16 essays, by a group of academics, researchers, business persons, consultants, and government officials, intended to collectively serve (as business leaders Tony Elumelu and Jonathan Oppenheimer write in the Foreword) as “an important manifesto for how intra-African commerce could help propel the continent to greater economic prosperity.”

(One important thing to note, starting out: even though “Africa” shows up again and again, this book is really about sub-Saharan Africa, not the entire continent – a reminder that the Sahara Desert is, for the continent, much more than a mere geographical divide).

The first section is devoted to “cross-cutting issues” – by which the editors mean the stuff that cuts across multiple countries: transport networks, borders, regional economic communities (like the EAC and ECOWAS), and the rise of pan-African “brands”.

The second section offers a number of case studies on “African champions” in various fields of commercial enterprise: Banking (South Africa’s Standard Bank, Nigeria’s United Bank for Africa, and the pan-African group, Ecobank); Cement (Nigeria’s Dangote Group and South Africa’s Pretoria Portland Cement); Fast-Moving Consumer Goods and Retail (Shoprite, Massmart, Pick ‘n Pay, Nakumatt, The Artee Group, SABMiller, Tiger Brands, Promasidor, Dangote, Zambeef, UAC Foods, etc); Information and Communications Technology (Cellulant, MTN, Seven Seas Technology Group), and Entertainment and Media (South Africa’s Naspers, Nigeria’s Nollywood and Kenya’s Nation Media Group).

Section 3 focuses on “emerging pan-African sectors” – oil and gas (in East Africa), private security, transport and logistics, and tourism and travel.

This book convincingly demonstrates the truism that Africa is not a country. Combining a bird’s eye view of the continent with Google-type Street Views of its business and policy and demographic landscapes, it shows the reader again and again that sub-Saharan Africa is an immensely diverse place, and that, even though its 55 countries often share common characteristics, a one-size-fits-all approach is a sure route to misadventure.

“Africans Investing in Africa also offers reminders of China’s impossible-to-ignore status in Africa. Contributor Lite Nartey reminds us that 20 per cent of South Africa’s Standard Bank is owned by the Industrial and Commercial Bank of China; the acquisition, in 2007, at a cost of $5.5bn is said to be China’s biggest single foreign investment ever. And in the chapter on cement, Lyal White tells us that the largest builder of cement plants in Africa (a continent he describes as “the last great cement frontier”) is a Chinese company known as Sinoma.

Indeed, one important question African countries have to face up to and answer is this: what lessons can we learn from China’s methods (propelled by a seemingly unassailable self-confidence), and what mistakes are to be avoided? Africa turning eastwards, while not without its own controversies, has no doubt helped create a counterbalance to an insufficiently beneficial economic monopoly previously wielded by the West. It is now up to Africa’s governments to exploit the presence of this alternative influence for the benefit of their citizens.

Another significant underlying theme of the book is the dynamic relationship between the continent’s two leading economies, Nigeria and South Africa. South Africa is generally treated as being in a class of its own. Nigeria’s emergence last year as Africa’s largest economy notwithstanding, South Africa continues to be the bigger brother. It singlehandedly accounts for half of the continent’s entire manufacturing exports, is the only African country in the G20, and its financial markets and infrastructure remain miles ahead of the rest of the continent.

And you only need to compare the footprints of South African companies in Nigeria (and the rest of the continent) with those of Nigerian companies in South Africa to realise just how much of a gap exists between South Africa and the rest. For every Nigerian brand (Dangote, Globacom) making an inroad across Africa, there are several South African ones: Africans Investing in Africa regularly mentions Shoprite, Pep, Mr. Price, Woolworths, MTN, Promasidor, Naspers, Tiger, and Nampak. Nigeria has as much to learn from South Africa as from China.

For foreigners looking to invest in Africa, it can be an immensely bewildering place. By offering a detailed, immensely knowledgeable map of a territory regarded as the world’s last investment frontier, this book will be a great starting point for new and existing investors. But of course, it really sets out to speak, not to outsiders looking in, but instead to insiders wondering where (and how) to start looking. It is meant to inspire and embolden a new generation of African entrepreneurs and businesses to spread their wings across their possibility-filled continent, and build business empires the world will take notice of.

As the book makes clear, one of Africa’s big tragedies is that so little of its trade is carried out among its countries. In fact, only about 12 per cent of all African trade takes place among African countries, the lowest in the world, compared to about 50 per cent for Asia and North America, and 70 per cent for Europe. From such a low base, there’s great potential for new grounds to be conquered across Africa.

And this is where politics and governance and policy-making come into the picture. Africa Rising is a great story, but without the wholehearted commitment and participation of African governments, it’d be an incomplete story; an impossible-to-complete one in fact, rather like attempting to soar on a single wing. No matter how ambitious African investors, entrepreneurs and businesses get, there’s a limit to how far they can go without supportive African governments.

This is why this book should be read even more wholeheartedly by government officials and policymakers than even by entrepreneurs themselves. Heads of State, Ministers (especially of Finance, Trade, Investment), law enforcement agents (especially Customs and Immigration) – all of these people need to pay attention, and understand that, more than anything else, the job of African governments is to get the hell out of the way.

African governments, like all governments everywhere else, ought to be at the forefront of infrastructure development in their countries – electricity, transportation, etc. But they also need to realise that, as important as ensuring the rapid development of critical infrastructure is the task of dismantling the visible and invisible barriers that stand in the way of trade and entrepreneurship: the red tape that turns border posts and ports into a waking nightmare for business people; the impunity of intellectual property pirates, land-grabbers, and abusers of legal procedures. (Jacqueline Chimhanzi highlights a comment by Ghanaian President John Mahama that there are six border posts to be surmounted between Nigeria and Ghana, West Africa’s leading economies; while Terence McNamee and Daniella Sachs, authors of the chapter on tourism and travel, note that “land tenure and asset security are two of the greatest factors inhibiting investment in many African countries.”)

If every African government, at every level – central, state/provincial and local – woke up every day asking itself this one question: “What obstacle can I take out of the way of potential African investors today?”, Africa would be a much better place – more confident, more prosperous, more equal – for its hundreds of millions of expectant people.

Africans Investing in Africa: Understanding Business and Trade, Sector by Sector; published by Palgrave Macmillan, 2015

cpoied:naijapreneur

Entrepreneurs advantage

What’s the one thing that gives an entrepreneur the unfair advantage over others?

Time freedom.

The fact that you own 100% of your time is your greatest advantage as an entrepreneur.

While others have to give up their time in exchange for salary, entrepreneurs make use of their time to create products/services that makes them money. I’ve previously written about this; how entrepreneurs create wealth in their spare time.

For an employee, there’s a limit to their income potential because there’s a limit on their working hours. For an entrepreneur, you own and determine your working hours and also get to choose the activities to devote your time to.

However, knowing that you have this advantage is not going to automatically make you a successful entrepreneur. Having 100% ownership of your time is only the beginning, a greater part of success depends on how well you make use of this time and on what activities you engage in with this time freedom.

So what are those critical areas you absolutely need to be focusing the bulk of your time freedom on as an entrepreneur?

The Key To Unlocking The Entrepreneurial Advantage

I partially answered this question in a previous post about how entrepreneurs should be spending their time. I identified 5 highly effective activities that you can focus on as an entrepreneur; I referred to them as the 5Cs of time management for entrepreneurs.

So in a way, this is a follow up post to that article as I will be sharing 9 key drivers of business according to Jay Abraham that you need to devote your time on regularly.

But before we dive into these 9 key drivers of business, I want to quickly talk about the key to unlocking the entrepreneurial advantage in your business.

The key to unlocking the entrepreneurial advantage of time freedom is to focus it on building your business rather than doing business.

This distinction is very crucial and needs to be clarified, if you spend all of your time freedom doing business, you will eventually end up as a worn out self employee. Your business will further entrap you instead of freeing you. The bigger it grows, the tighter its grip on your time and eventually your life if you failed to focus on building rather than doing.

Here’s a previous post that sheds more light on the need to build rather than do business; the paradox of business. You should read it!

Jay Abraham’s 9 Drivers of Business for Unlocking The Entrepreneurial Advantage

There are obviously a million things you should be focusing on as an entrepreneur, but not all of them will give you high return on time invested. But the following 9 areas have been tested and have been found to generate the highest possible leverage for your business by one of the greatest business minds alive; Jay Abraham.

While these 9 drivers of business may not be foreign concepts to you, the underlying mindset here is to spend your time freedom on continually improving and fine tuning them. The keyword is improvement. This is essentially the crucial difference between building a business and just doing business.

Click here to download the full ebook for free!

1). Marketing

This is your number one priority as an entrepreneur because until you can consistently find, attract, convert and retain a profitable customer, you are not yet in business. You knew that already right?

But here’s the winning difference according to Jay Abraham;

“…if you can get people who were selling 1 out of 7 prospects to sell 1 out of 3. The sales leverage available to you is profound. If you can get sales letters that were pulling 0.5% to pull 4%…if you can people who were buying $250 to now buy $400…if you can get people who were buying once a year to buy once a quarter or once a month…if you can get people who weren’t referring anyone to you to start referring five new customers each a year…the combined effect of that kind of marketing leverage is exponential growth.

That’s exactly how you increase your business, your revenue, your sales, your profits, your wealth, and your net worth by factors of ten times or more. That really is.”

But how do you improve on your marketing to unlock this unfair advantage in your business?

Again, according to Jay Abraham, the answer is pretty simple;

“First thing you do is you do an internal marketing audit and inventory. You identify all the marketing activities, processes, and elements going on and then you start looking at the best performing ways to improve upon it. How do you find them?

There are three approaches:

Look within your organization and see who else does what you want to do better. Model, codify and replicate the highest performing people in your company doing various selling or marketing processes. And get everyone else in the organization to start applying it or adding its best elements to their previous method.

Go outside your company. Look at other enterprises in the same field outside your market (or even in your market) that have better ways of marketing, of selling, of lead generating, of conversion, of re-selling and of up-selling¾and borrow their success processes.

Go outside your industry, to related industries, and look at their best practices. Look at the spectrum of opportunities out there that other people have found, uncovered, discovered, refined and are using each and every day with massive success¾to either identify prospects, sell direct, run ads that pull great response, make better sales presentations, get appointments, or attract people to trade shows.

Then borrow, adapt, adopt, and directly funnel and apply those processes and approaches to your business and start doing this exercise as a regular on-going process in which you measure, monitor, analyze, quantify and figure out how many different things you can add to your current success approach by either adding new additional elements or replacing the underperforming ones that are not justifying their time, their effort, their opportunity cost or their existence.”

2). Strategy

Marketing without strategy, according to small business guru, John Jantsch of Duct Tape marketing, is the noise before failure.

Here’s how Jay Abraham defined it;

“Strategy is the master purpose your business is all about. It’s different than your business model. Strategy is literally the explanation of the entire operating approach your business is following and why and how every element of it integrates, advances and deploys the big picture outcome that you’re after.”

But how do you improve on your strategy to unlock this unfair advantage in your business?

Jay Abraham identified 3 key steps you need to take;

“1.) The first thing is by understanding that you do have strategy you are currently following even if it’s a reactive one. You’ve got to adopt, first and foremost, a proactive long-term strategy.

2.) You’ve got to figure out what it is you’re trying to do, accomplish, build and sustain with your business.

3.) You’ve got to figure what big operating approach will get you the greatest outcome you want in the fastest period of time on the most sustaining and enduring basis. Once you figure that out then you’ve got to think through your tactics.

These are the actions or vehicles that help deliver the strategic result you’re after. What actions, what activities, what concepts, what approaches will deploy your “big picture” strategy best. Meaning what are the best moves and maneuvers to achieve the big outcome you are after.”

For more tips on strategic marketing, read this unusual article; The Idiot’s Guide To Strategic Marketing.

3). Capital

I’m sure the first thing that came into your mind as soon as you saw capital was money, right? Well you are half right, but that’s not the only capital we are referring to here.

According to Jay Abraham; capital also includes your human capital, your intellectual capital, and yes, your financial capital.

Human Capital:

These are basically the people working for you. If you can get everybody performing higher you’ve got incredible leverage. How do you do it?

Training.

Every dollar you spend in training will produce 20-200 times return annually in yield. So, do you train your people? If so how often or frequently?

Intellectual Capital:

This is one of the hardest things for any competition to copy in business. It refers to the sum of all the knowledge, skill, talent and experiences of all the people in your company. So what do you all have between your ears?

Financial Capital:

Are you questioning the yield you’re getting on the money you’re spending¾on the people you’re paying (both staff or contract services), on your marketing expenditures, inventory and technical services? It all ties in.

It’s your responsibility to question the capital expenditures you’re making and the ROI (Return on Investment), the ROE (Return on Effort), the ROP (Return on People), the ROA (Return on Activity), and the ROO (Return on Opportunity).

4). Business model

The business model is different from strategy. It’s basically the means you’re using to affect or achieve your strategy. It’s different than tactics. The model is the whole integrated approach.

The business model you follow can make all the difference in your profitability and there’s enormous leverage here because you can change one element and it could change everything.

Here’s an example by Jay Abraham;

“Let’s say that your business, basically, is a one-shot business. And your business model is you advertise or direct mail market to get leads. You convert them to a one-time sale. You do nothing else with them after they buy or even if they didn’t buy and that’s your business model.

Well, if you added one more dimension to it, after the people that didn’t buy from you and you figured out how to do something else with them for other products and services that are complementary to the need they came to you originally to help them solve or fill. And for the people that do buy, you figure out how to sell them other people’s products or services afterwards. You’ve just added two new dimensions, elements, or layers to your business model and that simple shift in thinking could triple or quadruple your profit.”

5). Relationships

As an entrepreneur, time spent developing your professional network is a huge opportunity for potential growth.

According to Jay Abraham, these are the different sources of relationships available to entrepreneurs;

Business Relationships: people you met during the course of doing business; clients, suppliers, employees, partners, etc.

Professional Relationships: people in the same field as yourself; colleagues,

Collegial Relationships: people you attended school with; course mates, school mates, etc.

Mastermind Relationships: brilliant minds, mentors, business coaches, fellow entrepreneurs, you brainstorm together.

So what do you do with these relationships?

Jay Abraham says;

“If I were you and I had relationships in any kind of other business in any field of endeavor, I’d tap into it regularly. Anybody who, knowingly or otherwise, could be a vessel for you to gain greater expanded understanding or hone in on better performing approaches, strategies, etc., I would first and foremost start picking their minds.

I’d ask them questions. I’d tell them your problems. I’d tell them your goals. I’d ask them questions of whatever their area of skill was, what the highest performing thing they did to accept or solve the issue or objective you’re intent in learning about, what was the secret to be successful at it, what they saw, find out what their company or their employer or their industry did best that you don’t do well and learn how to improve from the discussion.

I’d ask them a myriad of questions that would expand my knowledge base proficiency and perspective. I’d write them down. I would record them. I’d add it all to my current operating system. I would keep borrowing the success processes I learned from these activities, from all kinds of different people I know, and apply them to my business opportunities or challenges.”

6). Distribution channels

These are the various means through which your products/services get into the hands of your target customers.

According to Jay Abraham;

“You have a number of unrecognized distribution channels you don’t fully maximize and there’s enormous leverage in them. For example, let’s say that you distribute your product through five hundred retailers. Well, that is a distribution outlet for all kinds of other products.”

By spending more time to maximize the value of your distribution channels, you open up your business for more growth. For example, if you are a retailer with a physical outlet and you decide to take your business online through eCommerce, your capacity to sell to more customers will be significantly maximized.

There are basically two ways of leveraging your distribution channels;

Increase your distribution channels: this is quite obvious, just like the example above. If you have only one distribution channel, adding more will increase your company’s capacity to grow.

Offer more products through your existing distribution channels: this is less obvious, and if well executed can increase your company’s growth potential with less investment on your part. Here’s a fantastic case study from Jay Abraham;

“We had a company that had two products in the athletic clothing field. They were doing about $2 million and making half a million in profit. They came to me because their products were starting to slow down. They wanted me to give them a breakthrough idea. I looked at their business and I saw that their real assets weren’t their two products. They had accounts with 5,000 retailers. Amongst them all were Nordstrom’s, K-Mart, Target, JC Penney and Parkway and Hosiery.

I showed them that all they had to do was secure the rights to other people’s athletic products then give those people a royalty for their clothes design, start having those products manufactured for my client, put their licensed products through the same distribution pipeline and they’d make ten times as much selling these other products through their distribution channel as they did from their main products. They did it and I was right. They made a fortune.”

7). Products and services

How many other places could you take your existing product, service or combinations or variations of them and apply it to other fields or other regions or buying groups. Or could you license other people to use it?

Could you package it in different ways sizes or combinations? Could you package other people’s things with it? Could you package your products or processes and make that a product or service? How many new products or services could you come out with that are your natural extensions, embellishments, top of the line premium versions, higher performing versions, or stripped down white label versions? Just by adding one or two or five different components you can create an entire new product and penetrate new market niches.

8). System

Every business mechanism can be broken down into its driving processes and sub processes. Once you figure out what the processes driving an activity are, they can be measured, they can be quantified, and they can be vastly improved.

When you figure out how your given processes currently perform, (which is nothing more than a function of analysis, monitoring and measurement), you can then find other people in your organization or other people in your industry or other people doing the same function outside the industry who are doing it much better, faster, easier, safer, more productive, more effective, more profitably. Then simply adopt it to your business.

9). Ideology

If you’re very introspective and you’re anti-social, you’re not going to be able to go and build mastermind groups and pick people’s minds and borrow success processes. If your ideology is: You only like what you like; you’re not going to be able to travel outside your comfort zone and study other people, other business philosophies, other mindsets, other ideologies.

You’ve got to figure out what your ideology is, what your belief system is, what your whole value system is and how it either helps or hampers your current business activities. Then it needs to either be strengthened and fortified and connected to and or replaced, based on your current business model and your strategy.

You also need to study other people’s ideology to compare how yours is better, different or worse and what elements of other’s you can borrow and add and what elements of yours you could teach to others. When you do that, you’re going to expand your capability and your sense of what’s possible.

Conclusion

The entrepreneurial advantage is time freedom and the key to unlocking it is focusing on building rather than doing business. We’ve identified 9 key drivers of business according to Jay Abraham that can help you fully maximize the entrepreneurial advantage of time freedom at your disposal.

- See more at: http://www.naijapreneur.com/entrepreneurial-advantage/#sthash.W92w9M5w.dpuf

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finofund crowdfunding

This is one outstanding initiative I discovered of recent. The First Nigerian Crowdfunding Platform... "FINOFUND". If you are Nigerian and you have a project you want to carry out; there is nothing wrong in trying this out.

According to Massolution's 2013 report on the phenomenon, titled "2013 CF the Crowdfunding Industry Report (http://research.crowdsourcing.org/2013cf-crowdfunding-industry-report)", approximately 2.7 billion USD has been raised worldwide via crowdfunding platforms: 1.6 billion USD in North America; 945 million USD in Europe and 110 million throughout the rest of the world. Europe and the US have recorded the biggest growth in crowdfunding since 2009.

finofund crowdfunding, nigeria

FINOFUND Project Competitions For Nigerians

copied: opportunitydesk

Deadline: March 28, 2015

Finofund has launched a project competition for Nigerians. Finofund is a crowdfunding platform making an entry into the Nigerian market to solve problems that deal with funding of the thousands of innovative projects. With relative success recorded by other crowdfunding platforms especially in Europe and America, Finofund has brought a similar model of crowdfunding but with new strategies, that makes it relevant in the local market.

Finofund will solve two major problems: which are to solve the problem of finding backers for projects initiated by innovative and creative hands or entrepreneurs and to create a culture of investment amongst the average Nigerian. In addition, it will be a platform for idea validation, proof of concept and customer preorder as ideas would go through multitude of scrutiny to get backers. It also seeks to create jobs with every successful project accepted and backed.

Competitors will be required to come up with innovative projects that they have been working on. Individuals and teams can also participate.

Eligibility

Competitors must be Nigerian.

Competitors must be over 18 years of age Competitors must have a valid form of identification such as School I.D card, Voters Card, National ID Card, Driver’s License or International Passport. Competitors must be resident in Nigeria

Prizes

The best 20 projects will be invited to a launch ceremony to pitch their projects to investors. Afterwards, these projects will be launched on the website to open it up for public funding The best five successfully funded projects will then be provided project support to get their projects off the ground.

Acceptable Projects

Technological Projects - which include free software development, games, free apps, hardware development e.t.c entertainment projects – These include film, photography, art, comics and design e.t.c Academic and Educational research - FINOFUND will accept original research projects Publishing project s - FINOFUND will assist you in funding the publication of your books. However, they must be finished manuscripts by the time you launch your project on Finofund. A g ric ult u r al P r oje c t s - which may include developing machines for the agricultural sector as well as projects on bio-chemical research to boost our agricultural sector.

Project Guidelines

Projects must be finite, that is, they must have a clear completion date. Work must have begun on the project.(A concrete plan may suffice) Projects must fall into the following categories- technology[software and hardware], entertainment [film, photography, arts and design], agriculture and publishing. E-commerce projects, social networking projects, charity causes, immoral projects such as pornographic films and books will not be accepted. Loans are not included.

How to Participate

Applicants will be required to log on to finofund and REGISTER· After e-mail confirmation, they will be required to CREATE NEW PROJECT and upload details about their project. These details will includes

(i) Short description: which will be a short description of the project

(ii) (ii) Long description: which will give details of the project such as; The amount needed for the project A clean breakdown of what the funds will be used for Timeline for the completion of the project What purpose your project intends to serve

(iii) A video describing the project (iv) A prototype or model of the innovation, an excerpt from the book project etc. or any other proof to show that work has indeed begun on the project.

Note: Check out the tips for building a project

This New Year saw the beginning of a paradigm shift in the African entrepreneurship landscape as the Tony Elumelu Foundation on the 1^st of January, launched the application portal for its flagship One Hundred Million US Dollar programme – The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) – and began receiving applications from aspiring entrepreneurs across Africa.

THE APPLICATIONS ROLL IN

#AfricanEntrepreneurs from 51 countries have applied for TEEP the Tony Elumelu Foundation Entrepreneurship Programme

The online application portal has been live for merely two weeks and has seen record response from entrepreneurs across the continent who want to be, as the founder Mr Tony O. Elumelu aptly stated in his New Year’s call to action “the next African Steve Jobs”. To date there have been approximately 4,000 applications from 51 African countries, and thousands more are expected before closure in March.

#AfricanEntrepreneurs sectors for TEEP the Tony Elumelu Foundation Entrepreneurship Programme

TEEP is also ‘industry agnostic’ and has few limitations of the types of businesses and ideas applicants can apply with. Agriculture is leading applications, followed closely by education and training, retail and media sectors.

The online application portal also has a forum on which entrepreneurs and applicants to the programme have begun to engage with one another, helping each other with applications and moulding business ideas. TEEP has brought together strangers from across Africa and made them kin.

A CALL FOR FEMALE APPLICANTS

FEMALE #AFRICANENTREPRENUERS apply for TEEP the Tony Elumelu Foundation Entrepreneurship Programme

TEEP is faced with the task of mobilising female African entrepreneurs, as nearly 75% of all applications received to date are made by men. This exemplifies the critical need for women to take a more deliberate approach to entrepreneurship and business development. TEEP began a social media campaign, calling on stakeholders for female-run enterprise in Africa to amass more applications from women in their networks.

Copied form The Tony Elumelu Foundation Entrepreneurship Programme blog.

1. The Gambia has only one university.

2. Equatorial Guinea is Africa’s only
spanish speaking country.

3. South Africa is the most visited
African country.

4. Nigeria has the richest Black people in Africa.

5. Samuel Eto’o is the highest paid Footballer of all time, he received about £350,000 weekly in Russia in 2011.

6. A person from Botswana is called
a Motswana, the plural is Batswana.
7. A person from Lesotho is called a
Mosotho.

8. A person from Niger is called a
Nigerien.

8. A person from Burkina Faso is called a Burkinabe.

9. Nigeria has won more football
cups than England.

10. Zimbabwe’s President, Robert Gabriel Mugabe is the world’s most educated President with 7 degrees, two of them are Masters.

11. Al-Ahly of Egypt is the richest club in Africa.

12. Didier Drogba is Chelsea’s
highest goalscorer in European competition.

13. Johannesburg, South Africa is
the most visited city in Africa.

14. Zinedine Zidane wanted to play
for Àlgeria, but the selector rejected him, saying they are already many players like him in the team.

15. President Jacob Zuma was given a special award by Fifa for refereeing on Robben Island during his years as a political prisoner.

16. President Robert Mugabe was
jailed for 11 years for fighting for freedom.

17. President Robert Mugabe is
Africa’s oldest Head of State and the world’s second oldest Head of State. He was born in 1924.

18. The Seychelles are the most educated Africans. Seychelles’ literacy rates (Adult: 92%, Youth: 99%) Zimbabwe is 2nd (Adult:
91.2%,Youth: 99%).

19. Rwanda is a better country for
gender equality than England and USA.

20. Somalia got its first ATM on
October 7, 2014.

21. South Africa has the most Grammy award winners in Africa.

22. Ethiopia has the most airports in
Africa.

23. Ethiopia’s economy is growing
faster than China’s.

24. Eritrea’s President, Isaias Afwerki is the least richest President in Africa.

25. Ethiopia is Africa’s oldest
independent country, it has existed for over 3,000 years without
being colonised.

26. Haile Selassie 1 was the 225th
and last Emperor of Ethiopia.

27. Nigeria has the most monarchs
in the world.

28. Angola has more Portuguese
speakers than Portugal.

29. President Jose Eduardo Dos Santos has ruled Angola since 1979.

30. President Teodoro Obiang Nguema Mbasogo is Africa’s longest serving Head of State. He has ruled Equatorial Guinea since August 3, 1979 when he overthrew his uncle, Francisco Nguema. His son, Teodoro Nguema Obiang Mangue is his Vice President and will succeed him if he
resigns. He started ruling Dos Santo

31. George Weah of Liberia is the
first man to win World, European and African footballer of the year
in the same year.

32. Swaziland is the only remaining
absolute mornach in the world.

33. The Gambia is the smallest country in Africa followed by Swaziland.

34. King Sobhuza ll of Swaziland took the longest time in reigning Swaziland, 62 years as he was crowned in 1921 and died in August 1982 at the age of 83 years.

34.1. King Sobhuza II of swaziland, married 70 wives, who gave him 210 children between 1920 and 1970.

35. Zimbabwe is the only country in the world were almost everyone was a billionaire at one point

BLACK COCKTALE

The Key To Unlocking The Entrepreneurial Advantage

Jay Abraham’s 9 Drivers of Business for Unlocking The Entrepreneurial Advantage

1). Marketing

2). Strategy

3). Capital

4). Business model

5). Relationships

6). Distribution channels

7). Products and services

8). System

9). Ideology

Conclusion

FINOFUND Project Competitions For Nigerians

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