Bank of Industry Launches N1billion SME Fashion Fund for Women Entrepreneurs to Boost Production of Made-in-Nigeria items

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As a Business Development Service Provider to Bank of Industry, W-HBS is all set to work with Nigerian designers seeking funds for expansion through the recently launched the N1 Billion Fashion Fund to support women-owned Small and Medium Enterprises (SMEs). The Fashion Fund joins two other SME funds (the N5 Billion Cottage Agro Processing Fund and the N1 Billion Nolly Fund) by BOI and offered as part of our FINANCE solution for SMEs. 

 

What My Mom Taught Me About Being A Female Entrepreneur

This is a great time to be a female entrepreneur, as we are surrounded by so much support. There are several groups for women - WEConnect, WIMBIZ, WISCAR, NNEW, among others. On 8 May 2014, I attended the World Economic Forum on Africa (WEFA) Side Event on Gender in Abuja, Nigeria and it was more support for the growth of women in business. Obafunke Anthonia MotolaniI feel very fortunate to have been raised by a proud feminist in an era where women are encouraged to pursue their professional dreams. My mom, Obafunke Anthonia Motolani, ran a successful business selling her branded Italian leather shoes/bags (LANZONI) on wholesale and retail. She was the first to encourage me to be ambitious, studious, thoughtful and curious. All these she had imparted in me before she passed away almost 21 years ago. This she took seriously because all her children were girls (the three of us) and she was not going to let us be consumed by what she knew as a “Man’s World”. There have, of course, been challenges – challenges faced by both men and women. However, as millennial female entrepreneurs, we work doubly hard to demonstrate how deeply we understand the landscape we work in, especially in developing and transition economies in Africa. During challenging times, my mom’s best advice always kicks in.  Here are some (not all) of the tips from my mom:  

Mummy, I am a Loser – Four Lessons For Life and Business

FamilyOn Friday 28 February 2014, I was all geared up for the “Mini Olympics” organized by my twins’ school - Tender Cradle School, holding at the Agege Stadium Complex. We were all excited, Mum, Dad, Temi and Tami. We had been preparing for this day since January. Tami was representing Argos House (Green) in the 25 meters Tiny Toes Race and Temi was representing Athens House (Blue) in the 50 meters Tiny Toes Race. Every Monday and Friday, the school would go to the open ground just opposite my office complex and practice. Since the beginning of the term, they also learnt everything about the Olympic games. They came home with homework on the history of games and I was surprised with the level of knowledge my 4-year olds had about the games. Some of these questions include:  

W-HBS Partners With FemmeLounge Online Magazine

As part of our Founder's passion for women empowerment, we have partnered with FemmeLounge (an online magazine for women), to write articles tailored for women who want to build a successful business and live a successful life, but are not quite there yet! Being an entrepreneur, and turing your ideas into a reality is like being on a rollercoaster ride in the dark… you feel alone, you feel scared, there are ups and downs, you haven’t got a clue what’s coming next, but all the while you feel exhilarated, it’s exciting. You’re smiling, even though on the inside you’re thinking ‘what the hell am I doing!?’  

W-HBS Partners With JAKIN N.G.O. On Fresh Foundation Initiative

How do we give freely while at the same time not fostering further dependence, which is dehumanizing and psychologically damaging for the needy person, or at least the person who is potentially capable of meeting his or her own needs.

Fresh foundation project is an initiative of JAKIN N.G.O. It is a highly subsidized basic business management principles, re-orientation, computer application, and office automation machine training program to reform and empower indigent and out-of-school youths in the lower class of Lagos State.  

Federal Government Unveils YouWin 2 for Women

YouWiN! Women is the second edition of the entrepreneurial scheme which is designed for only female entrepreneurs aged 45 years or less. This is to boost the number of women beneficiaries, which was just 17 per cent in the first phase of the competition. YouWiN! stands for Youth Enterprise with Innovation in Nigeria. It is an innovative business plan competition aimed at job creation by encouraging and supporting aspiring entrepreneurial youth in Nigeria to develop and execute business ideas. The first phase of the programme was accomplished by selection of 1,200 awardees who received between N1 million and N10 million grant at the Presidential Villa on April 12, 2012.