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Game changing women entrepreneurs and CEO’s

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By Dr. Manoj Joshi


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The progressive women of present times have refused to be as stereotype set upon them, creatively emerging as inspiring entrepreneurs and innovators. In fact, in present times, several popular brands globally are steered by talented and confident female entrepreneurs and CEOs.

But as realised, not all women entrepreneurs and CEOs scaled in their journey, manoeuvring tough times. Are you one of them or about to be? To be safe, learning from others failure is wisdom. Yet few, with the complete reflection of resilience and stubbornness to robustly pursue a passion, made the difference.


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For them, the bull’s eye was in simply following the theory of creative destruction that they caressed most. On responding to failures, was ‘adaptability and resilience a key factors?

Let’s explore few women entrepreneurs, who failed, cried and spent elongated hours dusting themselves. These masterminds cracked and created their own codes, crafted from failure(s) to be resilient and later being termed as game-changing women entrepreneurs. Their wisdom triumphed. Maybe, you are one of them or in process of being one, ‘the game-changing women entrepreneur CEO’.


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Arianna Huffington

She was born in Athens with an affinity for writing. At her initial stages like many, got rejected by over three dozen publishers, as she could not demonstrate a decent command of her English writing skills. Interestingly, she pursued another dream of being a Governor of California but was unsuccessful. With failures in progress, it did not deter her first affinity for writing and publishing. In 2005, The Huffington Post was born, with her focus on helping individuals in balancing work and life. For her, ‘failure is not the opposite of success but a stepping stone. Learning from failures with a refined foresight was her takeaway.

Kathryn Minshew

To create a successful women’s networking platform, Kathryn Minshew started Pretty Young Professionals. In the initial years, they could muster over 20,000 users, later splitting up the organization with heavy losses. This was certainly disastrous but not a deterrent to her dream, followed by learning from failures. Certainly, it was an organizational failure. This renewed learning on team and management aided her in founding ‘The Daily Muse’, currently popularised as The Muse. This is a one-time place for younger professionals to explore jobs. Enthusiasm was not compromised.


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Oprah Winfrey

Oprah Winfrey’s story is an inspiring one, a story from rags to riches, with nothing as impossible set upon as the driving force. How many do really know that she failed miserably before recoiling as one of the wealthiest African American?  She secured a good offer at WJZ-TV as a co-anchor, which was later named ‘The Oprah Winfrey Show’. With this break, she created her own venture, Harpo Productions. The initial failures did not deter her to bounce back. Her adaptability and resilience paid off.

Ruth Fertel

With a tight budget and little know-how about food business Ruth Fertel, the National Entrepreneur of the Year awardee, bought a local restaurant named Chris’s Steakhouse. At the start, the business was doing good but succumbed to a tragic fire. Undeterred by this freaky failure, she rose again. Instead of being dissuaded of what had happened, she found a new restaurant, which she named Ruth’s Chris Steak House. Soon with the distribution of its first franchise in 1976, the steak house expanded to over 80 locations and emerged as the USA’s favourite restaurants. Persuasion and passion to drive the dream were the cornerstones of her success.

Christina Wallace

It is unusual for witnessing failures or people failing early, still pursuing their dreams, but with renewed zeal and interest. There are few, in fact, a select few who introspect and thread the reasons to have failed so and master the weak areas. Christiana is one, who at her initial failure went on to watching episodes of The West Wing, while she introspected her failure. It was here the magic of ‘Aladdin lamp’ lit, while she devised methods to revive. She went on further to establish BirdgeUp: Stem, which provides opportunities to girls of diverse backgrounds in learning skills of computer science, focussed in smaller groups with peers. With focussed attention, persuasiveness and adaptability, Wallace was able to do so.

Vera Wang

This talented skater was unable to qualify for the Olympic team. With this initial rejection, she was prompted to give up her passion including a skating career, which she dreamt of. Then came the second wave, as an assistant editor with Vogue. Within a short time, she emerged as a fashion editor. During this journey, being denied an editor-in-chief position, she initiated her own chain of fashion design. With her persuasiveness and passion to do something new, she created her name as a stunning wedding dress designer. Failures did not deter her comeback, each time.

Learnings

Are you aware, that most of these successful women entrepreneurs and CEOs, apart from many more,  suffered early failures in life? Was it a foresight failure of any kind? Was it tactical or operations? Be it the product, the services, the process, the market understanding, etc… or was it an organizational failure?

Not all people see failures as a turning point. For most of us, it’s generally a ‘game over. Once we see a dead end, we suddenly stop chasing our goals.

However, for these women entrepreneurs, failure was just a new beginning. These women entrepreneurs proved that becoming successful in what you believe in is not rocket science. One must debounce after a failure and continue pursuing a passion. Failure is not an option, it is not a catastrophe but failure to learn from failure certainly is! With their renewed passion, persuasiveness, focus and foresightedness they mustered their faith and journey. Resilience, adaptability and tenacity were the hallmarks of such inspiring women entrepreneurs cum CEO’s.

Written by Dr. Manoj Joshi


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Africa Finance Corporation – Changing the Narrative on Africa

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Africa is on a major growth trajectory and the future belongs to Africa .


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New luxurious Vic Falls hotel close to opening

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from DANIEL JONES in Victoria Falls, Zimbabwe
VICTORIA FALLS, (CAJ News) – THE multimillion dollar hotel that is the latest such facility in the prime resort town is set to open its doors in the Victoria Falls in July.


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Spencers Creek is building the Palm River Hotel on the edge of the Zambezi River, at a cost of US$24,6 million.

The 71-room four-star hotel, built in partnership with Old Mutual Zimbabwe, targets high end travelers to Zimbabwe’s tourism capital.


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Spencers Creek already runs Ilala Lodge Hotel group, another luxurious facility, in the town.

Heather Kay, the Ilala Lodge general manager, said the new hotel would comprise 60 deluxe rooms, two deluxe suites, two honeymoon suites, two family suites, three executive suites, one presidential suite and one Palm River Villa inclusive of three bedrooms.


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It is also sensitive to disability as it includes two wheelchair accessible rooms.

“Construction of Block A (Acacia) and Block B (Baobab) made up of predominantly Deluxe rooms and a Presidential Suite, together with a refreshing 20-metre infinity pool are now complete and await the arrival of the first guests,” Kay said.


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She said Block C (Combretum) and the main area including the reception, dining hall, bar and fresco restaurant are currently receiving the last of their final touches in preparation for the opening.

Block D (Duiker-berry), Block E (Ebony) and Block F (Fig) are being constructed and expected to be finished this November.

Kay said the hotel is elegantly appointed with comfort and space in mind and the interior design of the rooms is focused on bringing the stylish use of natural tones, locally sourced materials and artwork reflective of the area together.

She said the tastefully modern style of the Queenslander is reflected in the inside as well as the outside, giving a new sense of luxury in the resort city providing guests with comfortable modern convenience.

A river deck on the edge of Zambezi and a large alfresco dining area under a canopy of trees offering an A’la carte service, an outdoor bar, conferencing and events facilities, a pool that transforms into a star wonder-lit completes the luxury.

Palm River has made plans for a shuttle to transport clients between town and the lodge via some areas of interest such as the rainforest, Big Tree, Victoria Falls Bridge and Zambezi National Park.

The Palm hotel is one of a number of tourism developments in Victoria Falls.

President Emmerson Mnangagwa toured the site before construction last year in August.

Construction was delayed by challenges posed by COVID-19.

Recently built lodges in the area include Shearwater Village Explorer, Wild Horizon’s Old Drift and Mbano Manor Hotel and Mpala Jena Camp.

– CAJ News


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De-risking the World’s Future Growth Engine:

African Trade Insurance (ATI) joins The Canada-Africa Chamber of Business

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n our 27-year history as a Chamber of Business (www.CanadaAfrica.ca), the latest range of risk insurance instruments from the African Trade Insurance (ATI) Agency is a major leap forward for Canadian institutional investors and African countries – standing to unlock billions in investment capital.


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ATI facilitates inward investment in Africa by providing insurance against trade and investment risks. This month the organization joined The Canada-Africa Chamber of Business.

‘ATI is a game-changer. From discussions with private equity and pension fund representatives, ATI has the potential to ensure both the perceived and real risks on the continent are well-managed; ensuring investment committees can proceed on deals that until recently may have been deemed too risky,’ says Sebastian Spio-Garbrah, Chair of the Board, Chair of the Board at The Canada-Africa Chamber of Business.


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The Canada-Africa Chamber of Business invites interested parties to learn more.

Join us on Thursday 20 May 2021 at 10:00 ET/ 16:00 CAT / 17:00 EAT


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View the Full Virtual Program (https://bit.ly/3ooyuNB)

RSVP (https://bit.ly/3eSzlmu)


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ATI has a good market position in Africa, based on the scale of its underwriting penetration and benefits from significant local expertise and understanding in a number of African countries. It currently insures trade and investments worth over USD6 billion or an average of 1-2% of GDP annually in its African member countries. ATI’s partners and clients include African Governments, lenders, traders (both domestic & international) and project developers.

‘It has become increasingly clear that to achieve “the Africa we want” the role of private sector must become central in mobilizing the needed resources. Alliances like this one present excellent opportunities to address the development challenges facing our region.’ – Manuel Moses, Chief Executive Officer, ATI

‘During my career on Bay Street, it was clear solutions were needed to unlock the billions of investable capital in Canada. ATI has since developed a suite of products that in my view has dramatically changed the landscape in recent years’  – Deepak Dave, Chief Risk Officer, ATI

ATI’s African Member states contribute, along with international governments, multilaterals and private sector to the pool of capital underwriting investments, without holding any influence over ATI operations. The Nairobi-based multilateral has maintained an ‘A/Stable’ rating for Financial Strength and Counterparty Credit by Standard & Poor’s, and in 2019, ATI obtained an A3/Stable rating from Moody’s.Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

For More Information:
Garreth Bloor
President
The Canada-Africa Chamber of Business
Tel: +1.647.667.1223
Email: garreth@canadaafrica.ca
Manulife Building RTO
55 Bloor Street West
PO Box 19553
Toronto
Ontario M4W 3T9

About The African Trade Insurance Agency:
ATI was founded in 2001 by African States to cover the trade and investment risks of companies doing business in Africa. ATI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. In 2020, ATI closed the year with a gross exposure of US$6.3 billion and a net profit of US$39.4 million, owing to a strong demand for ATI’s insurance solutions from the international financial sector and from African governments. Since inception, ATI has supported US$66 billion worth of investments and trade into Africa. 
www.ATI-aca.org

About The Canada-Africa Chamber of Business:
The Chamber is committed to accelerating trade, business and investment between Canada and African markets, through world-class networking and information sharing opportunities.

Founded in 1994, the Chamber is based in Toronto and Ottawa, with members located throughout Canada and African markets.

The Chamber is an independent, not-for-profit organization with strong working links with both Canadian and African businesses and governments.
www.CanadaAfrica.ca


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