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Elumelu Foundation picks 1000 entrepreneurs for TEEP 2017

TONY Elumelu Foundation (TEF) has announced the names of 1,000 entrepreneurs selected across 37 countries in Africa for the 2017 edition of the Tony Elumelu Entrepreneurship Programme (TEEP), the third in the 10-year $100 million programme.

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Preparing security/collateral for bank loan (6): Stocks and Shares

LAST week we addressed the pledge of goods and other non-real estate property as security for bank loans for your business. We noted that in such properties as precious ornaments, cars, machinery etc with appropriate value can be deposited with the bank in lieu of loan security. And we also said that all the key requirements of a good security would apply in all cases of pledge of any form of property or goods as security for loan.

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‘Entrepreneurship should be taught in African schools’

BY far the biggest employer of people in Africa is what is generally called the “informal sector.” I personally don’t like this title “informal,” preferring something like the “entrepreneurial” sector, but the truth of the matter is that most people in Africa survive and put their kids through school, by being “self-employed” in some sort of business activity.

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