Category: Features

Entrepreneurship World Cup

 

The Entrepreneurship World Cup is more than  just a global pitch competition with a shot at  life-changing prizes. With 100,000 entrants  from around the world, EWC elevates  entrepreneurs – providing you with tools and  resources to grow your venture. It doesn’t  matter how far you’ve come – idea-stage,  early-stage, growth-stage or beyond – EWC  can put you on the right course.

Leverage world-class content in the EWC  Accelerator to: unleash your ideas, hone your  pitching skills and engage with a global  network of mentors. And, oh yeah, compete  for those life-changing prizes, together with  business opportunities and investment.

Entrepreneurship World Cup Sierra Leone is organised by Innovation SL/ GEN SL.

All National winners receive:
In-kind Services + Support
Up to US$500,000 through in-kind prizes that include essential business advice, guidance and services from corporate leaders such as Oracle, Google Cloud, Shopify, Slack and Stripe, thanks to a new partnership with GVSLabs which totals up to $46M globally.

GEN Accelerates 2
All EWC National Winners will move to GEN Accelerates 2 (one-to-one mentoring program with structured online resources) from July 29 to September 9, 2019. Once they complete the program, they will have access to GSVLabs Passport. If you couldn’t join the webinars regarding this topic, you can check GSVLabs’ presentation in this link.

GEN Starters Club
EWC National Winners will also automatically become part of the GEN Starters Club with access to insight and advice from GEN Mentors, enhanced exposure, curated networking opportunities at special events around the world and a chance to be part of a like-minded community of talented entrepreneurs from all around the globe.

IFC-FCS AFRICA / CASA PROGRAM

FCS Africa / CASA Program is to strengthen the private sectors of fragile states. FCS Africa / CASA Program provides support through a combination  of initiatives that includes among others a  focus on gender (a ‘gender lens’ is helping ensure IFC projects support women in business).

To this end, FCS Africa / CASA Program has agreed to sponsor “Dare 2 Aspire-Women in Entrepreneurship”

 

IFC’s CASA Initiative in Sierra Leone

WHAT IS THE CASA INITIATIVE?
IFC’s CASA Initiative, launched in 2008, is helping design and implement integrated strategies specially targeted to support economic recovery in conflict-affected countries. The Initiative is supported by Ireland, the Netherlands, and Norway, while Denmark and Sweden provide additional support in South Sudan and Liberia respectively.

The CASA Initiative focuses on:

• Improving the business environment
through regulatory reform

• Strengthening small and medium
sized businesses and support
institutions, such as chambers of
commerce

• Rebuilding financial markets, banks,
and other financial institutions

• Increasing private sector involvement
in providing and rebuilding
infrastructure such as roads, ports,
schools, and power stations

CASA’s Support
IFC’s CASA Initiative is helping strengthen smaller businesses in Sierra Leone and is
working with the government and private sector partners to introduce regulatory
improvements to the country’s investment climate.

Supporting Smaller Businesses
IFC is helping improve access to finance in Sierra Leone for individuals and businesses
through the Africa MSME Program, the Microfinance Program, the Trade Finance
Program, and the Leasing Program.

IFC’s SME Ventures Program is providing risk capital and advisory services to smaller
businesses in the country, which are receiving training support through IFC’s Business
Edge and SME Toolkit training products. IFC is also helping strengthen Sierra Leone’s
financial markets by supporting the establishment of a Credit Bureau and a Collateral
Registry.

CASA has also provided advisory support to the National Revenue Authority, which
has authorized all major banks to accept tax payments. In the past, taxpayers could
pay their taxes only at tax offices, so this innovation is saving taxpayers a considerable
amount of time.

More

FINIC IS AT IT AGAIN ! HAS INVENTED “BEST EVER” EFFECTIVE AND AFFORDABLE PALM OIL PROCESSING MACHINE.

The Fomel Industry and National Industrialization Centre called FINIC for short, is delighted yet again to make a publication about another invention. This publication is about an invention targeted at finding a solution to the drudgery problem of processing palm oil faced by small oil palm plantation holders. They are often limited to a drudgery ridden traditional systems that have impeded growth chances in the palm oil industry. More often than not, feet are used to crush boiled fruits so as to rupture the oil bearing cells for maximization of the oil yield chances. To crush a drum content equivalent to 150kg of fruits, will take 2 hours for 4 energetic persons to do.

This method is not only nauseous, unhygienic and undignified, but it is also time consuming. It is a very serious factor limiting small oil palm plantation holders in the realization of returns on their investment.

FINIC, being a Small Scale Industry generating technologies for Agro Processing, was jolted into action to design and construct a manually operated machine that crushes the fruits in an effective and efficient way to replace the feet and 10 folds faster.

 

EFFECTIVENESS AND EFFICIENCY OF THE MACHINE.

The efficiency and effectiveness of the machine can be described as extra ordinary. With little effort applied, it can crush a drum content – which is equivalent to 150kg of fruits – in 20 minutes. In an 8 hour day operation, the machine can crush 24 drums (3,600kg) of fruits. With a recovery of 50 litres (two and half batas) of oil per every drum, a total of 1,200 litres (6 drums) of oil will be extracted. The reminder of the task is to clarify the oil for which equipment have also been designed and field proven. See pics below.

MODE OF OPERATION OF THE MACHINE.

The machine is of manual operation and the operating mode is by 2 persons, each one on one end of the two operating levers pushing in a clockwise direction. The FINIC design crushes the fruits to rupture the oil bearing cells making it different from the screw press type which presses/squeezes oil.

 

Half a drum content (75kg) of fruits is the batch quantity. That quantity is poured into the machine in one go and 2 persons are enough to operate the machine and have that content crushed within 8 minutes.

SUCCESS OF THE DESIGN

The performance of the equipment has thrilled many in Kenema District. People are amazed at its effectiveness. It is lighter in weight than the screw press type that was in operation in that district, and is 3 times more effect

ive.

The palm oil yield from a drum of palm fruits is also, to an amazing extent enhanced. The Press type previously in use was recording a yield of 29 litres ( 1 batta and 2 gallons) from a drum content (150kg) of palm fruits. The FINIC crusher type is recording a yield of 49 litres (2 batas and 2 gallons). An additional 20 litres is hugely impressive. This is unsurprising given the ability of the machine to thoroughly crush the fleshy parts of the palm fruits, puncturing the cells that carry the oil. The press type is weak in that hence its inability to produce more oil.

Within 2 days of putting it into operation in Kenema District, the owner has earned 80 litres (4 batas ) of palm oil being payment for the service. For every drum crushed, a gallon of oil is given as payment.

Within 2 months of its design, FINIC has sold 9 units and each client that bought the machine is extremely happy about it’s performance. This is all without publicity which I am only now engaging in for this invention.

A Catholic nun in Koidu town was among those 9 clients. Having tried it for the first time, she wrote me this text message:

” Mr. Kamara, we have put the machine into operation. It operated very well. God bless you”

On the 19th of June 2018 , the machine was introduced to a community in a village 12 mile

 

s from Kenema. The outstanding performance of the equipment is now talk of the surrounding villages. Since then, I have been receiving calls requesting for more.
Below is an audio of an interview I had with a client about the performance of the machine.

MOBILITY OF THE MACHINE IS MADE EASY

Mobility of the machine is made easy by carrying it on an okada or mount it on a motor cycle trailer built by FINIC to be pulled by a motor bike dedicated for the purpose. See pics below.

 

 

 

 

 

MESSAGE TO FELLOW SIERRA LEONEANS

 

To my fellow Sierra Leoneans, I have this to state:
Technologies developed by our own, have greater chances to succeed than those researched into by brains across the sea. Those in abroad, take into account their home conditions and circumstances which are different from ours.
Importation all the way does not only destroy/impede our foreign exchange earning capabilities as too many people will be running after the dollar, but will also weaken our brain ability to go for the unknown knowns.

I am aware that we have been conditioned by importation over a long period of time. We are stuck in the past and carry the belief that only the white man can do it. Let us fight hard to break that cocoon by believing in our own. If you believe in me, more sleeping giant neurons in my brain will come out of the slumber to challenge the known unknowns. This will have a positive knock on effect on our children.

Lean on me ! Believe in me ! All other positives things shall be added on to us.
The invention has graduated our palm oil processors to another level. On account of this invention, we are advantageously positioned than many countries in the sub region. No more to processing palm oil using the feet. We should therefore celebrate.

There will be a ground breaking ceremony to be organized involving our great institution SLeCAD.

When you think about a machine, think inbroad and think FINIC.

The next article will be on our amazing technology in cassava peeling.

FINIC is Good for Africa

To know more, call us at:

Tel: +23-76-601956

Email : finicone@yahoo.com