News Round up for Busy Entrepreneurs 23 March 2018

Every week Finfind selects some of the newsworthy articles to help keep busy entrepreneurs up to date and informed about the latest happenings in the world of SME Finance and other SME news. Enjoy.

Google selects 12 tech startups from Nigera, others

As announced during ‘Google for Nigeria’ event last year, the technology giant has kickedoff the Launchpad Accelerator Programme (LAP) for Africa, by unveiling 12 startups picked from Nigeria and across other Africa countries for the scheme. Aside Nigeria, other countries from where startups were selected according to a statement, include Kenya, Ghana, South Africa, Uganda, Tanzania.

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How Does One Start a Petrol Station in South Africa?

South Africa petrol stations fall into two categories, independent and franchise operations, both of which are funded in the same way. Independently owned garages still play a big roll in the South African economy. According to South African Petroleum Retailers Association (SAPRA), who represents all the stakeholders in the petroleum industry, before a new filling station can be opened, three sets of approvals, authorisations and licenses are needed.

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Ramaphosa says South Africans won’t Lose Jobs to Foreign Nationals by Opening Borders

President Cyril Ramaphosa has urged South Africans to welcome and embrace foreign nationals from the continent as the country moves to be part of a pact to enable free movement of people and encourage trade and investment after signing a protocol at the African Union summit in Kigali, Rwanda. South Africa and 43 other countries on Wednesday a declaration on establishing the African Continental Free Trade Area (AfCFTA), which will create the world’s largest free trade zone after 40 years of negotiations.

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7 Principles For Startup Decision-Making

Innovation is about creating new things. But how do you create new things that people are willing to use and/or pay for? While ambiguity and uncertainty are always associated with innovation, people have a tough time dealing with both. One reason that big corporations are not good at creating new things is that they are not structured to do unpredictable things – a hallmark of the startup environment. There is no predictability when creating a new business with an idea.

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A conversation with entrepreneur and author Vusi Thembekwayo

“So a lot of the work I do is because I work with leaders and executives and large typically listed businesses. And it’s in the working with them that one has had to help those leaders shift their own thinking. That’s how to do it, because a lot of leaders are technical people. They spend 20 years in a business, working and acquiring a certain skill, and they understand how that works. Then all of a sudden you say to them, the world in which the thing you were doing worked isn’t that world any more. You’ve got to make that shift.”

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